$BTC Bitcoin remains a focal point as market activity continues. The Mayer Multiple indicates BTC is less overheated than previous bull cycles, with some analysts forecasting an October blow-off top. Japanese firm Metaplanet is expanding its Bitcoin strategy, eyeing digital bank acquisitions.

Recently, a significant movement of over 80,000 dormant BTC caused a brief market ripple, though it appears to be internal re-organization rather than a sell-off. Despite some short-term volatility influenced by macro factors and profit-taking, the long-term outlook for BTC remains cautiously optimistic, supported by institutional demand and ETF inflows. Bitcoin is currently holding above $107,000, with resistance around $114,000 being a key level to watch.