$BTC is trending strongly at around $105,900. Institutional momentum continues to build, fueled by major whales withdrawing over 67,000 BTC from exchanges—a classic long-term accumulation move . Philippe Laffont of Coatue highlights measurably lower volatility and rising ETF adoption, reinforcing Bitcoin’s maturing asset status . Meanwhile, Metaplanet’s $210 million bond issue will channel proceeds directly into BTC buying . Broader macro sentiment is cautious: traders await the upcoming Fed rate decision, while geopolitical risks and mixed US data keep markets jittery. But with supply tightening and demand rising, Bitcoin’s foundation remains bullish.