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$BTC Bitcoin crossed the $107,000–$108,000 barrier this week, supported by the entry of new institutions and increased flows through ETF funds.

According to a Binance report: the White City (Spot BTC ETFs) attracted flows of approximately $5.2 billion during May, boosting confidence in market fundamentals.

The company Strategy, led by Michael Saylor, added 1,045 BTC (~$110 million) last week, bringing its total holdings to approximately 582,000 BTC, with an average purchase price of around $70,000.

Additionally, other companies like “Trump Media” and “Semler Scientific” are following the Bitcoin reserve strategy model, with discussions about the quality of their financial evaluations.

Prices moved within the range of $105,400 – $106,100 on June 8, with the formation of “higher lows” indicating a tendency towards further recovery to the $107,000 level.

The Quantile Cost Model analysis from Glassnode set support levels at approximately $103,700 and $95,600, indicating that the months of June typically represent a launching point towards a new bullish season.