# Summary of Current Bitcoin Developments

## Market Trends

* Bitcoin is showing strength, with prices currently around $109,400

* Recently reached a local high of $110,512, showing volatility but staying above $109,000

* The market shows signs of consolidation after briefly breaking the $110,000 barrier

# Highlighted News

# Institutional Miners Strengthen Their Positions

* **Riot Platforms** mined 450 BTC in June (valued at $49.26 million)

* A 76% year-over-year increase, although 12% less than the previous month

* Currently holds 19,273 BTC in reserve

* **MARA** has reached an important milestone:

* Now holds 50,000 BTC in its treasury

* Has more than 57 EH/s of computational power

* Plans to increase to 75 EH/s by the end of the year

# Concern over Real Demand

* CryptoQuant indicates a decreasing trend in the real demand for Bitcoin

* Spot Bitcoin ETFs in the U.S. have purchased 37,700 BTC this year

* However, real demand has decreased by 857,000 BTC

* To surpass historical highs, an increase in real demand is needed

# Capital Flows and Speculative Interest

* Capital inflows to ETFs and increased speculative interest are driving current prices

* Bitcoin briefly broke the $110,200 level, leading a bullish momentum