$BTC Price Snapshot: Bitcoin is trading around $109,000, with intraday fluctuations between approximately $107,600 and $109,028 .

Market Drivers:

The dip toward $108k ties to renewed U.S. tariff tensions, with President Trump planning to ramp tariffs on several countries starting August 1—this weighed on both equity and crypto markets .

Meanwhile, traders are eyeing a breakout above $110k, with rising interest in bullish call options aiming for a $130k rally later in the year .

On‑chain activity: Long-dormant wallets have moved substantial BTC, pushing the Coin Days Destroyed metric to a multi-year high—signalling potential profit-taking and adding a note of caution .

🔍 Market Context

Bitcoin is hovering just 3% below its all-time high (~$112k set in May) .

Macro conditions—especially trade disputes—continue to influence crypto price action in tandem with risk assets like equities