📈 Market Overview (as of today, July 6, 2025)

Current price: $108,162 (up ≈ +$211 from the previous close)

Intraday range: $107,856 – $108,306

🔍 Key Recent Developments

Dormant wallets activated

Two Bitcoin wallets, dormant since 2011 and containing 10,000 BTC each (worth ~$1.09 billion apiece), have recently moved their funds—though they haven't been sold yet. These are likely old Satoshi-era holdings, and their activation has sparked debate over potential price impact .

BBVA steps into crypto custody

Spain’s BBVA bank now offers Bitcoin and Ethereum buy/sell and custody services—marking Spain's first traditional bank to provide this for retail customers .

Institutional momentum picks up

Analysts note over $11 billion inflows into Bitcoin ETFs recently, with forecasts projecting between +20% to +45% upside—some even target ~ $200K within a year .

Profit-taking by long-term holders

On-chain analysis shows veteran “HODLers” have been cashing in on recent gains, though broader accumulation remains intact .

🔮 Price Outlook

Source Forecast

Changelly ~$131,600 by July 7, 2025 (+21%)

CoinStats via Wise Advice ~$135,000 by July 2025 (+24%)

TradingView / FXStreet End of Q2 saw ~30% quarterly gains; Standard Chartered projects $200K by year-end

Technicals suggest a tight trading range around $107K–$110.5K, with potential breakouts if momentum sustains .

🧭 Takeaways

1. BTC is currently holding firm around $108K, with institutional inflows and renewed long-term holder activity supporting demand.

2. Forecasts remain bullish—some suggest a 20–45% climb within months, with area-specific outlooks ranging from $130K to $200K.

3. However, sudden large wallet movements (the reactivated Satoshi-era wallets) and on-chain whale behavior may introduce volatility.