#BTC110KToday? — Short-Term Pulse (Updated)
Bitcoin is currently trading at $108,167, consolidating just below the $110K mark. Here’s the lowdown on what’s holding it back or pushing it forward:
📉 On-Chain & Spot Volumes have cooled ~30% from May highs, suggesting a consolidation phase—often a prelude to a strong move.
📊 MVRV Ratio Momentum has slowed, but remains well below overvalued levels, implying room for further upside.
🔄 Binance Inflows have dropped to lows unseen since 2020, pointing to long-term holding behavior rather than active selling.
📆 $20B Options Expiry could act as a catalyst—if bullish pressure holds above $105K, it may prompt a breakout toward $110K.
🎯 Summary:
BTC is controlled and evidence points to a bullish edge—especially if it flips the $108K–$110K zone into support. A sustained move past $110K could trigger a rally into the $112K–$115K range. But if it fails, a pullback to $104K–$106K is possible.
💬 What’s your move today? Are you riding the breakout or preparing for a dip entry?