$BTC

📈 Price & Institutional Flows

Bitcoin is currently trading around $108,400, hovering within a $107,800 – $109,120 intraday range.

It has delivered approximately 15.8% YTD gains, climbing steadily through June's crypto rally (+40% across markets) .

Significant ETF inflows have been recorded: ~ $4.7 B since June , and BlackRock added ~12,058 BTC in late June .

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🧭 Technical Outlook & Key Levels

Support range: $105,000–106,000 — BTC recently bounced from ~$105k .

Resistance hurdles: • Linear trendline at ~$115,300 • Log‑scale at ~$223,000 .

Close above $110k–112k could trigger next leg to $115k–125k .

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🔍 On‑Chain & Risk Indicators

Exchange reserves are near multi-year lows (~14.5% of supply), signaling reduced selling pressure .

However, a massive CDD (Coin Days Destroyed) spike from 80,000 BTC moved from old wallets could herald near-term selling risk .

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🏛️ Macro & Institutional Adoption

The U.S. Strategic Bitcoin Reserve was enacted via executive order in March, solidifying Bitcoin as an official federal asset (~200,000 BTC held) .

Broader institutional embrace continues: $130 B in BTC ETF AUM YTD , and Ego Death Capital launched a $100 M Bitcoin-firm fund .