$BTC

Price and Performance on Binance

• The current price ranges between 105,000 – 106,000 USD, slightly below the daily high of ~108,376 USD.

• Daily trading volume is very strong at around 70 billion dollars on Binance, reflecting very high liquidity and strong interest from traders.

Market Condition and Trend

• Bitcoin is approaching a historical peak recorded on May 22, 2025, at 111,970 USD.

• Recent articles discuss a consistent record of upward movement supported by institutional demand and declining Bitcoin reserves on exchanges, with support at levels of 107,000 and 100,000 USD.

• The inflow of stablecoins to Binance recently exceeded 550 million dollars in a single day, supporting the likelihood of “direct buying” rather than just trading.

🐋 Whale Movements

• Whales have started to reduce the flow of Bitcoin to exchanges, especially Binance, as the current decline in reserves compared to previous cycles (~3 billion dollars versus 5+ billion).

• This often indicates that whales are holding and not selling at these levels, supporting bullish expectations.

🔍 Technical Support and Resistance

• Strong initial support at ~107,000 USD, with additional support at 100,000 USD as a key psychological level.

• Nearby resistance at 112,000 USD, which is the highest level we reached in May 2025.