$BTC

Here's what's happening in the Bitcoin market today:

Bitcoin is currently trading around $108,059, having seen an intraday dip of ~0.6–0.7%, with highs above $109K and lows near $107.3K. Momentum remains subdued, stuck between resistance at $108K–$109K and strong support around $106K.

Institutional demand is robust—ETF inflows continue, and analysts like Bitwise highlight a bullish technical setup that could drive BTC toward $112K–$120K in July.

Notably, large whale movements have spooked sentiment: dormant wallets from as far back as 2011 have recently transferred over $8 billion worth of BTC, fueling speculation about potential selling pressure—even though no actual liquidations have been observed.

Overall, the market shows signs of consolidation. The range-bound pattern may break higher if ETF-driven demand persists and macroeconomic conditions remain favorable, but cautious traders are watching closely.