📉 Market Overview
Bitcoin ( $BTC ) is currently trading around $102,800, dipping slightly from yesterday’s close—though it briefly bounced off the key $100K support level earlier in the day . Intraday volatility remains elevated, with swings between approximately $101K and $104K driven by demand dynamics and global headlines.
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🔍 Key Drivers Behind Today's Movement
1. Technical Rebound from $100K Zone
Buyers stepped in as BTC approached the psychological $100K floor, triggering a rebound toward $102K–103K. Monitoring volume, analysts noted heightened trading activity during this bounce—signaling institutional and retail interest at these levels .
2. ETF Flow Dynamics
On June 20, Bitcoin ETFs recorded modest net inflows—about $6.4 million, led by $46.9M into BlackRock’s IBIT and offset by withdrawals from Fidelity’s FBTC (–$40.5M) . This mixed flow suggests cautious accumulation by institutions, reinforcing short-term support but also indicating profit-taking in some funds.
3. Institutional Accumulation
BlackRock’s IBIT now holds approximately 3.25% of the total BTC supply, nearing $70 billion AUM—signaling sustained institutional commitment . Overall, Bitcoin ETFs have collectively grown to over $130 billion, a leap from below $30 billion in early 2024, mirroring BTC’s climb past $100K .
