Bitcoin trades at $109,678.75, consolidating between $107K-$110K just 2% below its May 2025 ATH of $111,970. Critical support holds above $108K, reflecting institutional/retail standoff near resistance.
Key Factors Driving Discussion
• Growing Catalysts: Macro shifts amplify consolidation phase
• Technical Consolidation: Range-bound trading between $105K-$112K
• ETF Momentum: Institutional demand persists despite pullbacks
Trading Implications
• Net inflows (1,402.54 BTC) and buy volume spikes suggest whale accumulation
• Europe leads buy pressure (2,508.67 ratio vs Americas 1,369.61)
• MACD positive while Bollinger Bands compress, signaling potential volatility
• Break above $110K-$112K could trigger rally to $115K-$123K
• Currency margin ratio long-heavy (38.68) while USDT markets balanced (0.96)
Community Sentiment
• Bullish (80.4%): ETF inflows ($407.8M recent), BlackRock dominance, negative funding
• Bearish (19.6%): $108,771 rejections, SEC delays, IMF policy risks
Monitor volume confirmation and macro headlines for directional clues.
