BTC Surges 4.3% to $110K as Institutional Inflows and Trading Volume Hit New Highs

Bitcoin (BTCUSDT) has experienced a notable price increase in the past 24 hours, rising 4.30% to $110,198.12 according to Binance data. This upward movement is attributed to a combination of factors, including increased institutional inflows, with CoinShares reporting $150 million into Bitcoin-focused funds for the week ending June 7, 2025, and a 20% surge in BTC/USDT trading volume on Binance to $12 billion. On-chain data shows a 12% rise in wallet addresses holding over 1 BTC, signaling growing investor confidence. The bullish momentum is further supported by Bitcoin breaking above its 50-day moving average and positive sentiment in traditional markets, particularly the tech sector. Current trading volume stands at $51.54 billion, with Bitcoin nearing its all-time high of $112,000, reflecting strong market interest and positioning BTC at a critical resistance level.