$BTC Price & Market Overview

Trading around $108,800, with a 24‑hour movement of +0.6%, and an intraday range between roughly $107,800 and $109,600.

Market cap holds steady near **$2.17 trillion **, with daily volume exceeding $38 billion.

🔍 Key Developments & Drivers

Dormant whale activity: Two massive wallets from 2011 moved ~20,000 BTC—worth over $2 billion—raising concerns about potential market impact if sold .

ETF inflows: Despite over $1 billion in spot BTC ETF inflows recently, spot demand appears slower, tempering near‑term momentum .

Macro sensitivity: A strong US jobs report pushed BTC slightly below $109k, reflecting its link to interest rate expectations .

📊 Analyst Outlook

Standard Chartered forecasts a 25% rally toward $135,000 by Q3, driven by robust institutional adoption .

CryptoQuant/CoinDesk analysts warn that institutional demand may not fully offset dwindling retail interest .

Tom Lee (Fundstrat) projects year‑end targets in the $150–200k range .