$BTC

Bitcoin has experienced moderate fluctuations recently, moving in a narrow range between $107,000 and $109,000, with relative stability around the $108,000 level.

K-Line data showed light selling pressure at the close of 10:00 PM, while trading volume remained balanced without indications of significant institutional intervention.

Among the influencing factors, a slight decline in Bitcoin outflows from Coinbase has been observed, which may reflect a calm distribution from large investors.

Additionally, the increasing use of USDC as a settlement tool enhances liquidity and supports short-term trading.

Furthermore, ETF funds like IBIT and FBTC recorded net inflows of approximately $770 million, indicating ongoing institutional support in the long term.

The $108,000 level represents strong psychological support, and if maintained, the price may trend towards $110,000.

Conversely, breaking the $107,000 level could open the door to test $104,000.

Overall, Bitcoin is moving sideways, awaiting new catalysts to break the current range.