Bitcoin ($BTC ) has been relatively active recently. As of July 6, the price is approximately $108,807, with a 24-hour trading volume of $38.85 billion. It has increased about 15% since the beginning of the year, outperforming the S&P 500 index. However, after peaking around $110,000 in early July, it faces downward pressure due to weak spot buying demand and insufficient upward momentum, leading to potential corrections or consolidation.