📈 Price and Volatility
Bitcoin is trading around USD 103,098, with an intraday drop of about −1.37%, after moving between USD 106,451 and USD 102,609. Although there are short-term pullbacks, the technical structure continues to show strength.
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🔑 Recent Catalysts
Growing institutional accumulation: Public companies, including MicroStrategy, Tesla, and Metaplanet, currently hold around USD 87 billion in BTC on their balance sheets, financing purchases through debt issuance, which drives the price.
ETFs and sustained flows: BlackRock captured nearly 11,990 BTC just in the week ending June 11, reflecting ongoing institutional leverage.
Favorable technical performance: BTC broke its range between USD 104K–106K and is trading above its 50-day moving average, which, although signaling correction, shows an upward trend.
