$BTC
đ Price & Market Movements
Bitcoin is trading around $107.7K, recovering from a dip below $103K amid geopolitical tensions, now up ~1.3â2% today .
Recent fluctuations include a low near $103K, rebound above $106K, and consolidation between $105Kâ$112K .
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đ Geopolitical Risk Impact
Tensions in the Middle East (IsraelâIran) triggered brief sell-offsâBTC fell ~5% intraweekâbut rebounded as risk appetite returned .
Despite being dubbed "digital gold," Bitcoin has shown weak safe-haven behavior, continuing to move more like a risk asset correlated with equities and declining when gold surges .
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đŒ Institutional & Treasury Activity
Crypto ETPs have attracted $1.9âŻB in inflows last week, pushing YTD flows to $13.2âŻB. Bitcoin ETPs led with $1.3âŻB .
Spot Bitcoin ETFs are strengthening BTC's fundamentals, with record inflows contributing to continued stability above key support levels .
Uptick in âBitcoin treasury strategiesâ: more public companies allocating reserves to BTC. Major firms and even U.S. government initiatives (e.g., Trump Media, SoftBank JV, and U.S. Strategic Bitcoin Reserve) are fueling demand .
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đ Technical & Market Outlook
Technical signals: A positive MACD crossover on Bollinger spread hints at rising volatilityâan early signal of possible upward momentum .
A bullish pin-bar candle near $105K suggests buyers are stepping inâanother sign pressure may shift toward gains .
NYDIG analysts see a quieter "summer lull" as a cost-effective window for directional trades ahead of major catalysts like the July SEC decisions and tariff reviews .
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đ Key Takeaways
1. Resilience: BTC has stabilized above $105K despite volatility from geopolitical and macro headwinds.
2. Institutional Capital: Record ETP and ETF inflows reflect growing mainstream adoption.
3. Volatility Ahead: Technical indicators hint at increased volatility and potential rally.
4. Safe-Haven Debate: Bitcoin isn't consistently acting as a hedge in crises like traditional safe havens.
