$BTC

Here’s today's Bitcoin (BTC) :

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📊 Market Overview

Current Price: ~$106,981 (–0.9%)

Range: $106,950 – $108,774 intraday

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🏦 Institutional Power Moves

MicroStrategy (Strategy) just added $531.9M) at ~$106.8K, bringing holdings to ~597K BTC—signaling sustained corporate accumulation .

ProCap Financial, backed by Pomp, just launched a $1B bitcoin treasury via SPAC merger—further validating corporate BTC demand .

U.S. Bitcoin spot ETFs saw ~$2B inflows last week, marking 14 consecutive days of inflows and ~$4.6B in June, led by BlackRock’s IBIT with a $1.3B weekly surge .

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🦈 On-Chain Dynamics

Whale wallets (≥10 BTC) hit multi-month highs (~152,280 addresses), showing big money accumulation during retail pullbacks .

Exchange balances have tanked—bitcoins are draining off exchanges and into long-term cold storage .

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🔍 Market Mood & Risk

Volatility, as seen through IBIT, has dropped to levels similar to the S&P 500 ETF—suggesting classic “mainstreaming” of BTC .

Recent monthly gain (~+2%) is BTC’s weakest since last July, reflecting a supply-demand tug-of-war—persistent ETF demand vs. seller profit-taking .

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🎯 Trader Action Plan

Action Price Level Rationale

Buy-the-dip $106,000 – $106,200 Strong support zone on accumulation dips.

Breakout Entry $108,800 – $109,000 Momentum trigger—short squeeze zone.

Target #1 $110,500 – $111,500 Strategic resistance; aligns with short squeeze setup.

Target #2 $114,000 – $120,000 Medium-term run—if ETF inflows continue and supply tightens.

Stop Loss <$105,500 Breakdown indicates risk of deeper pullback.

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🧠 Why Now?

Smart money is stacking (MicroStrategy, Pomp, whales).

ETF inflows have turned structural, not short-lived—extending built-up pressure.

On-chain signs support a supply shock—prices held up as exchanges drain.

Volatility is low, favoring structured breakout plays.

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