$BTC

Bitcoin (BTC) has experienced increased volatility recently, dropping from over $106,000 to around $103,000, leading to over $450 million in liquidations—mostly from long positions. Despite short-term price swings, institutional confidence remains strong, with companies like MicroStrategy buying more BTC, and even the U.S. government creating a strategic reserve using seized assets. Regulatory developments are also gaining momentum, including the U.S. Senate’s approval of the GENIUS Act to regulate stablecoins. Meanwhile, on-chain data shows reduced retail activity but growing whale accumulation. Bitcoin's price outlook now hinges on macroeconomic factors, U.S. legislation, and whether it can maintain support above $100,000.