$BTC The recent price action of $BTC has kept the crypto market on its toes, with Bitcoin hovering around the $108,000 to $109,000 mark. After touching a high of over $110,000, it saw a slight pullback, but appears to be consolidating. This movement comes amid a backdrop of both bullish and cautious sentiments. On one hand, there have been significant inflows into spot Bitcoin ETFs, indicating continued institutional interest and demand. Positive news, such as a potential ceasefire in the Middle East war announced by President Trump, has also contributed to a more optimistic outlook.

However, the market is also digesting some large whale movements, with dormant wallets from 2011 becoming active and transferring substantial amounts of BTC. While these transfers don't necessarily signal an immediate sell-off, they do add an element of uncertainty. Furthermore, broader macroeconomic concerns, including US import tariffs and fiscal deficits, are also playing a role in investor sentiment. Despite the slight dip, many analysts remain bullish on $BTC, with some even predicting it could reclaim $113,000 or even higher in the near future, citing strong support levels from moving averages. The ongoing interplay of supply and demand, macroeconomic factors, and significant market events will continue to dictate the trajectory of $BTC in the coming days and weeks.