$BTC is trading at $102–103 thousand, with a slight decline after fluctuating between $106 thousand and a rapid drop to around $102 thousand, reflecting liquidations of leveraged positions.

Nakamoto Holdings raised $51.5 million to bolster its treasury in BTC. On the other hand, analysts recommend hedge options during the summer to protect against new volatility.

Michael Saylor from Strategy remains optimistic in the long term: he predicts that bitcoin will reach $21 million in the next 21 years.

Meanwhile, US regulators are making progress—Bloomberg analysts believe that the approval of cryptocurrency ETFs in the US is above 90%.

In summary, the market shows institutional strength and resilience but remains alert to liquidations and macro uncertainties in the short term.