As of June 3, 2025, Bitcoin ($BTC ) is trading at approximately $105,791, reflecting a modest increase of 1.2% from the previous day. The day's trading range has spanned from a low of $104,306 to a high of $106,809.

This price movement follows a recent dip to around $103,000, after reaching an all-time high of $111,000 in May.

Market Dynamics:

Institutional Activity: Notably, BlackRock has shifted its focus from Bitcoin to Ethereum, selling approximately $561 million worth of BTC and acquiring $ETH instead.

Investor Sentiment: Prominent trader James Wynn has reinforced his bullish stance by holding 1,133 BTC valued at $121 million, indicating confidence in Bitcoin's upward potential.

Technical Outlook: Analysts suggest that Bitcoin may experience a final dip before potentially breaking out towards the $125,000 mark, contingent on maintaining key support levels.

In summary, while Bitcoin's price has shown resilience, market participants should remain cautious due to ongoing volatility and shifting institutional interests.