$BTC Bitcoin slid briefly below $103K on June 20 due to a sharp volatility burst that triggered $450 million in liquidations, mainly long positions  . Since then, it’s stabilized around $104K–$106K amid institutional buying and steady macro sentiment  . Derivatives markets show cautiousness: futures premium has dropped to a three‑month low and options skew turned slightly bearish . Yet on‑chain volume and technical indicators suggest accumulation, hinting at a potential summer rally toward $130K–$135K . Traders eye Q3 for a breakout.