$BTC

Bitcoin (BTC) is currently trading around $103,071, showing a ~1.5% dip from yesterday’s close. The intraday range sits between $102,609 and $106,451 .

Earlier intraday peaks around $106K reflect a mild rebound following recent volatility .

📰 What’s Moving the Market

1. Institutional Exposure via MicroStrategy

JPMorgan reports that investors are gaining indirect exposure to Bitcoin through MicroStrategy’s Bitcoin accumulation—estimated to be around $50 billion worth when including index funds and institutional stakes .

MicroStrategy even uses preferred stock issuance to fund purchases—yields up to 11%—highlighting rising financing risk tied to Bitcoin’s trajectory .

2. Corporate Bitcoin Holdings Surge

Around 130 public companies now hold collectively roughly $87 billion in BTC, accounting for about 3.2% of Bitcoin’s supply .

This trend—dubbed the “infinite money glitch”—shows aggressive leveraging through stock sales and bond issuance, echoing MicroStrategy’s strategy .

3. Macroeconomic & Geopolitical Drivers

Today’s broader market backdrop includes geopolitical uncertainty (e.g., Iran-related news) and a stable U.S. rate environment, which helped lift Bitcoin slightly by ~1.1% to $106K before today’s pullback .

🔍 Technical & Seasonal Outlook

Seasonal trends suggest sideways movement for BTC over the summer months—despite holding above $100K .

Analysts indicate a possible trading range of $89K–$131K today, centering around $104.7K by day’s end .