$BTC
Tariff Caution: A significant factor influencing caution in the market is the upcoming July 9 US tariff decision. Traders are closely watching this.
* Institutional Demand and Whale Accumulation: Despite some recent dips below $100,000, Bitcoin has been supported by continued institutional demand and accumulation by large holders ("whales"). BlackRock, for example, reportedly purchased 1,040 BTC on June 30.
* Derivatives Activity: Perpetual funding rates have turned positive across major exchanges, suggesting an increase in leveraged long positions, which indicates underlying bullish pressure.
* Resistance and Support: Bitcoin