Bitcoin (BTC) has carved out a strong new position in the market, driven by a wave of institutional adoption, corporate treasury interest, and renewed technical momentum. Here's an updated breakdown:

📈 Price & Technical Momentum

BTC is trading solidly above $109,000–110,000, hovering near its all-time high of ~$112,000 seen in late May.

Technical indicators remain bullish, with analysts eyeing potential targets of $120K by mid‑2025, and even $200K–230K by year‑end

financemagnates.com

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On‑chain metrics such as realized cap and MVRV ratios suggest the market is not overheated, keeping the door open for further upside in Q3

ccn.com

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🏦 Institutional & Corporate Dynamics

Crypto funds hit a record $167 billion AUM in May, with net inflows reaching $7.05 billion, and Bitcoin funds attracting $5.5 billion

reuters.com

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However, some Q1 filings indicate a slight pullback from hedge funds in spot-ETF holdings, even as long-term interest remains steady.

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