Bitcoin is currently trading around USD 118,078, with a slight decrease of -0.37% since the previous close; the intraday range has been between 117,952 USD and 120,256 USD.

Overall, the market remains stable after recent recoveries that pushed it above 120,000 USD, supported by a more favorable global environment, including trade agreements such as that between the U.S. and Japan.

At the institutional level, it is noteworthy that Vanguard has acquired a significant stake in Strategy, a firm that holds over 600,000 BTC (valued at about USD 72 billion), highlighting how major financial players are indirectly linking to Bitcoin through corporate vehicles.

The daily trading volume remains high (saturating USD 70 billion), demonstrating the ongoing liquidity and speculative interest in the cryptocurrency.

In summary, Bitcoin is operating with moderate volatility, technical stability, increasing institutional momentum, and high liquidity, although it is always susceptible to global news and macroeconomic movements.