$BTC Update: Bitcoin Nears All-Time High Amidst Market Volatility and Whale Accumulation

Bitcoin ($BTC) has been a hot topic recently, making headlines as it flirts with its all-time high! After a period of consolidation, the leading cryptocurrency has shown significant resilience and upward momentum.

Current Price Action & Key Levels:
As of June 12, 2025, Bitcoin is trading around $107,000 to $109,000, having touched over $110,500 recently. It's been testing the $104,400 level as support for about four weeks. The all-time high stands just shy of $112,000. Key resistance is at $115,400, while strong support remains at $97,600.

What's Driving the Price?

Institutional Demand: Spot Bitcoin ETFs continue to see significant inflows, with total assets ballooning to $132 billion this month. This growing institutional interest is providing a strong tailwind for $BTC.
Whale Accumulation: Interestingly, despite prices nearing all-time highs, large holders (whales) on exchanges like Binance are showing little sign of profit-taking. Instead, their declining outflows suggest they are accumulating and expecting even higher valuations in the future.
Macroeconomic Factors: Recent US-China trade agreement easing tensions and cooler-than-expected US Consumer Price Index (CPI) data have contributed to a "risk-on" sentiment in the broader market, benefiting Bitcoin.