$BTC Here’s the latest Bitcoin (BTC) update:

📊 Market Snapshot

BTC is trading around $104,800, down ~2.3% on the day, sliding from its intraday high of $108,376 amid broader risk-off sentiment .

This decline coincides with geopolitical pressures—especially Israel‑Iran tensions—triggering a global crypto selloff .

🏦 Institutional & ETF Flows

Despite the dip, Bitcoin spot ETFs continue to attract money—recent inflows of $85 million on June 12 marked the fourth consecutive day of gains .

Cumulative ETF AUM has surged to about $873 billion, with IBIT alone surpassing $70 billion .

🔍 Technical & Market Dynamics

BTC recently broke below key support in the $106K–$108K bullish zone, with charts showing RSI and MACD weakening—implying possible further downside toward $102K–$103K .

Analysts warn of a "bull trap" risk if geopolitical tensions persist .

🌟 Key Insights

| Factor | Implication | |------------------|-------------| | ETF Inflows | Provide institutional support despite price weakness | | Geo‑risk | Likely to keep BTC volatile short‑term | | Tech Levels | Support ~$102–103K, resistance $110–112K |

---

⚠️ What to Watch

Monitor ETF flow trends—positive inflows could buffer price dips.

Watch geopolitical developments—further escalations may increase volatility.

Track technical support at ~$102K and resistance around $110–112K for potential bounce or breakdown.

Let me know if you’d like an altcoin breakdown or detailed technical charting!