#TradingPairs101 $BTC everyone get long trade (spot) .
of 09:41 AM +06 on Saturday, June 07, 2025, here’s the latest on Bitcoin (BTC) based on available information:Price: Bitcoin is trading at approximately $103,950.70, according to recent reports, though it experienced a dip to $101,127.60 earlier on June 6, 2025. It’s down 0.5% for the day as of 09:24 ET (14:24 GMT) on June 6, and is set to lose 1.6% for the week, marking its second consecutive week of losses after hitting a peak near $112,000 in mid-May.Market Context: The crypto market is facing short-term volatility due to macroeconomic uncertainty and reported tensions between U.S. President Donald Trump and Elon Musk, impacting sentiment. This has triggered a broader sell-off, with altcoins and meme tokens also declining. However, institutional interest remains strong, with BlackRock adding 13,310 ETH to its holdings on June 5, though Bitcoin ETFs saw $278 million in outflows, signaling near-term caution.Analyst Insights:Edul Patel, CEO of Mudrex, suggests the pullback may be temporary, citing strong bullish activity with Bitcoin network activity hitting a record 556,830 new wallets in a single day.Riya Sehgal from Delta Exchange notes Bitcoin is forming a descending triangle, with key support at $100,388. A breakdown could push prices toward $97,000–$95,000, while a breakout above $104,000 might shift momentum upward.Swyftx analyst Pav Hundal believes an end to U.S. tariff uncertainty could drive Bitcoin to $120,000 this month.Corporate Moves:Public companies, led by Strategy (formerly MicroStrategy), now hold over 3% of Bitcoin’s total supply (673,897 BTC as of May 31, 2025).GameStop recently bought 4,710 BTC, valued at $513 million, as part of its crypto push.Trump Media filed for a Bitcoin ETF (Truth Social Bitcoin ETF) on June 5, 2025, aligning with Trump’s crypto-friendly stance, including a national strategic Bitcoin reserve.State Initiatives: Texas is poised to