The price of Bitcoin is stable around $105,000, with little fluctuation; the market is somewhat quiet. On-chain activity is pitifully low, retail investors are participating less, and large institutions are dominating the capital flow. Although there are some disturbances in the Middle East with Iran and Israel, the price of Bitcoin has shown little significant reaction. CryptoQuant suggests that Bitcoin could drop to $92,000. If demand continues to decline, it could worst-case drop to $81,000. Currently, fewer people are buying Bitcoin; ETF inflows are down 60% compared to April, and large investors have purchased half as many coins. Short-term players started dumping 800,000 Bitcoin at the end of May. Their demand momentum indicator has dropped to a historically low level, negative 2 million Bitcoin.