Over the past two months, BTC exhibited a modest upward trend with notable volatility. Starting around $103,000, BTC rose to a peak of approximately $112,000 on May 22 before consolidating. By July 5, it reached $108,151.10, reflecting a 3.33% monthly increase.
Despite profit-taking by long-term holders, on-chain data indicates strong holder conviction, with unrealized profits exceeding $1.2 trillion. Trading volume averaged $42.96 billion over the last 30 days, down from prior peaks. Market sentiment remains bullish, though short-term corrections are possible if profit-taking persists.