$BTC

*Current Price and Market Data*

- Bitcoin's current price is $103,416.65, with a 0.89% decrease in the last 24 hours

- Market capitalization stands at $2.08 trillion

- 24-hour trading volume is $27,532,116,416.86, representing a 23.30% increase from one day ago

*Recent Developments*

- *Semler Scientific's BTC Purchase Plan*: Semler Scientific has announced a three-year plan to boost its Bitcoin holdings to 105,000 BTC by 2027

- *Bitcoin Price Prediction*: Bitcoin's price could slump to $100,000 amid the tussle between US President Donald Trump and Tesla Chief Elon Musk, negatively influencing the NASDAQ and Tesla's stock price

- *Bitcoin Derivatives Open Interest*: Bitcoin’s $96 billion in derivatives open interest fuels BTC price momentum near all-time highs, but rising leverage use raises the risk of liquidations and market volatility

*Market Trends*

- Bitcoin is outperforming the global cryptocurrency market with a 1.10% decline in the last 7 days, compared to the market's 1.90% decrease

- Bitcoin may hold above $100,000 throughout summer, but seasonal trading data suggests minimal upside in Q3

*Expert Insights*

- Bitcoin derivatives traders turned cautious despite steady inflows to spot BTC ETFs

- Bitcoin’s open interest divergence and a cleansing of latecomer longs could set BTC price on track toward fresh all-time highs