BTC/USDT Overview

On June 8, 2025, Bitcoin (BTC) has once again exceeded the 106,000 USDT level, currently trading around 106,016.86 USDT, representing a +0.51% gain over the last 24 hours .

💰 Other platforms report similar moves:

Binance confirms the cross-over at 106,016.86 USDT

Coinlive echoes the exact figure (106,016.859375 USDT)

For comparison, Bitget reported a slightly different 24-hour gain (+0.3% to +1.47%), with prices between 106,013 – 106,019 USDT —this is likely due to feed variation across exchanges.

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🔍 What It Means

1. Volatility Continues

Short-term price fluctuations reflect typical crypto volatility; highs and lows within this 106k+ zone are expected on active trading days.

2. Trader Impacts

At this level, data shows that surpassing 106,000 USDT triggers significant short liquidations—estimated at over $1.14 billion in open outflows on centralized exchanges . This dynamic can reinforce upward momentum as bearish positions get squeezed.

3. ETF and Institutional Flow Watch

Broader context: U.S. Bitcoin spot ETFs recently saw substantial net outflows, totaling $131.6 million over the week, although larger players like BlackRock’s IBIT logged significant inflows (+$81.1 million) . This mix shows cautious institutional sentiment—not purely bullish.

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✅ Key Takeaways

Bitcoin sits at ~106k USDT, gaining modestly (+0.5%) in the past day.

Crossing 106k acts as a trigger point for liquidation cascades, often reinforcing near-term price moves.

Institutional ETF flows are mixed, suggesting market participation is varied—with some major players still in accumulation mode