$BTC
Bitcoin is currently trading near $105,550, up about +0.5% after an internal fluctuation throughout the day from $104,400 to $106,043.
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🏦 Institutional Flows and Outlook
Spot ETF funds saw significant inflows during May, as new inflows surpassed mining production, boosting institutional confidence.
Even with some outflows from certain funds, BlackRock and Fidelity have remained at the forefront, with expectations of a gradual increase in the value of deposited shares.
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🌍 Global Influences
Geopolitical tensions such as Israeli strikes on Iranian targets contributed to a temporary drop in price towards $103,000, before recovering.
Global institutional convergence: The inclusion of companies like MicroStrategy, Trump Media, and others on BTC buying platforms revealed the increasing trend towards Bitcoin treasury strategies.