Bitcoin is trading just below $105,000, but beneath the surface, momentum is building. From a Trump-backed ETF filing to Russia’s push against the U.S. dollar and Binance’s explosive growth, global forces are aligning in Bitcoin’s favor. At the same time, BTC is squeezing inside a symmetrical triangle pattern, hinting at a breakout. This article examines the political, macroeconomic, and technical factors influencing the next move in Bitcoin’s price prediction. Trump-Backed Bitcoin ETF Could Stir Bullish Momentum Bitcoin remains stable around $104,814, with daily trading volume exceeding $43.7 billion; however, several developments suggest the next move may not be as quiet. A significant catalyst emerged on June 3, when Yorkville America Digital filed a Truth Social-branded Bitcoin ETF through NYSE Arca, backed by the Trump Media & Technology Group. President Trump's Truth Social $DJT filed for a Bitcoin ETF $BTC #BTC pic.twitter.com/k6SW6qcMn1 — LWS Financial Research (@lwsresearch) June 3, 2025 If approved, the ETF would track Bitcoin’s price and rely on Crypto.com’s Foris DAX Trust as custodian. The SEC’s final decision is expected by January 29, 2026. The move aligns Bitcoin with a high-profile political platform and could add fresh bullish momentum to the market, even as critics raise concerns about governance and conflicts of interest. Trump-linked asset manager files Truth Social Bitcoin ETF with SEC. A Bitcoin ETF branded with Donald Trump’s social media platform, seeking approval from SEC #crypto #Bitcoin #ETF #Crypto #Bitcoin #News pic.twitter.com/Tf4oW8h5QP — FUND THE FUTURE (@ftf_vc) June 4, 2025 Why it matters: Tie Bitcoin to a growing political media brand Adds competition to BlackRock’s dominant IBIT ETF Further legitimizes BTC among conservative and retail investors Russia and BRICS Push Bitcoin into the De-dollarization Spotlight At the Moscow Academic Economic Forum, Russian Foreign Minister Sergey Lavrov renewed calls to shift global trade away from the U.S. dollar. Advocating for national currencies and decentralized systems, Lavrov’s message was clear: economic sovereignty depends on abandoning dollar hegemony. Russia’s move aligns with the efforts of BRICS and ASEAN to explore alternatives, such as blockchain and digital assets. In this context, Bitcoin’s role as a neutral settlement asset becomes more compelling. Macro trends strengthening BTC: Growing geopolitical resistance to dollar dominance Centralized networks are losing credibility Decentralized assets are gaining traction in emerging markets For Bitcoin, this could translate into broader international adoption, particularly in trade settlement and reserve diversification—both of which support long-term price appreciation. Binance Hits 275M Users, Fueling Crypto Accessibility On June 2, Binance announced that it now serves 275 million registered users, representing an increase of 80 million since January 2024. That’s an average of 156,000 new users per day—a sign of accelerating global crypto adoption. 275 million strong and growing. From every corner of the globe, our Binance family is shaping the future of finance together. Thank you for being part of this amazing journey! pic.twitter.com/P5ptrVoOfV — Binance (@binance) May 28, 2025 This milestone follows major platform upgrades, including the integration of Binance Pay with Brazil’s Pix system, which enables seamless crypto-fiat payments. Impact on Bitcoin: Expanding retail access fuels BTC demand Broader adoption lifts baseline liquidity Real-world use cases solidify Bitcoin’s utility beyond speculation As cryptocurrency becomes increasingly integrated into daily life, platforms like Binance play a pivotal role in enhancing Bitcoin’s mainstream relevance. Bitcoin Teeters at $105K: Triangle Squeeze Signals Imminent Breakout The Bitcoin price prediction is neutral, as BTC is currently locked in a symmetrical triangle pattern on the 2-hour chart, trading just below the resistance level at $105,344. Price action has formed a tightening range of lower highs and higher lows since late May, suggesting an imminent breakout. Technicals reveal weakening bullish momentum: Price is struggling below the 50-period EMA MACD is fading, with a bearish crossover Failed breakout near $106,767 formed a shooting star candlestick Trade Setup: Bearish case : A break below $104,500 could trigger moves to $104,098 and $102,111 Bullish case : A confirmed close above $105,344 could lead to retests of $106,767 and $107,811 Traders should watch for a confirmed 2-hour candle close outside the triangle to validate the move. BTC Bull Token Presale Nears $7.78M Cap as 61% APY Staking Draws Yield Hunters With Bitcoin trading near $105K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL) . The project has now raised $6,801,303 out of its $7,789,647 cap, leaving less than $1 million before the next token price hike. The current price of $0.002545 is expected to rise once the cap is met. BTC Bull Token links its value directly to Bitcoin through two core mechanisms: BTC Airdrops reward holders, with presale participants receiving priority. Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply. The token also features a 61% APY staking pool holding over 1.73 billion tokens, offering: No lockups or fees Full liquidity Stable passive yields, even in volatile markets This staking model appeals to both DeFi veterans and newcomers seeking hands-off income. With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL ’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates. The post Bitcoin Price Prediction: BTC Eyes Breakout on Trump ETF and Global Demand appeared first on Cryptonews .
The post Dogecoin (DOGE) Price Analysis and Short-term Targets appeared first on Coinpedia Fintech News The wider altcoin market, led by Dogecoin (DOGE), recorded a mild retrace in the last 24 hours as Bitcoin (BTC) price dropped below $105k again. The total crypto market cap dropped 3 percent in the past 24 hours to hover about $3.4 trillion on Wednesday, during the late North American trading session. Dogecoin price dropped around 3 percent to retest the support level of around $0.187 at the time of this writing. Nonetheless, the top memecoin, with a fully diluted valuation of about $28 billion and a 24-hour trading volume of around $748 million, has recorded a 10 percent gain in the past four weeks. Dogecoin Network Thrives on Institutional Demand As a veteran altcoin secured through the proof-of-work (PoW) consensus mechanism, the Dogecoin network has continued to attract more institutional investors. As Coinpedia previously reported, the odds of a spot Dogecoin ETF approval in the United States before the end of this year remain very high. According to Polymarket , the odds of the U.S. SEC approving a spot DOGE ETF before the end of this year stands at 51 percent chance, up 15 percent in the past 24 hours. Some of the fund managers seeking to offer spot DOGE ETFs in the United States include 21Shares, Grayscale, Bitwise, and Rex Shares among others. Meanwhile, the Dogecoin network received a boost after the Coinbase-backed Base network announced the launch of a wrapped DOGE, thus enhancing the memecoin’s adoption via DeFi and smart contracts. Midterm Targets for DOGE Price Dogecoin price has continued to signal bullish sentiment amid the rising calls for the onset of an altseason 2025. Furthermore, Bitcoin dominance has experienced significant resistance around 65 percent, thus signaling an imminent reversal in the near future. #Dogecoin is expected to experience a significant surge before entering a prolonged falling wedge pullback. $Doge pic.twitter.com/ewjmZWoHZo — Trader Tardigrade (@TATrader_Alan) June 4, 2025 From a technical analysis standpoint, DOGE price is on the cusp of a fresh rally toward its all-time high. In the daily timeframe, DOGE price has already broken out of a falling wedge pattern, thus confirming the bases of a parabolic curve ahead. A consistent close above 26 cents will set the stage for an imminent parabolic rally beyond $1 in the near future.
Ethereum whale demand surges as a bullish pattern nears breakout above $2,830, signaling potential upward momentum in the crypto market. Galaxy Digital’s massive OTC transfer and declining Ethereum exchange reserves
BitcoinWorld Bitfufu Reveals Strategic Bitcoin Mining Operations: 400 BTC Mined, 178 Sold in May The world of cryptocurrency mining is constantly buzzing with activity, and keeping track of major players provides valuable insights into the sector’s health and strategies. Recently, cloud mining platform Bitfufu shared its operational report for May, revealing significant figures regarding its Bitcoin mining output and asset management. Bitfufu’s May Performance: What the Numbers Show Bitfufu, a prominent name in the cloud mining space, officially announced details of its May performance via its website. The report highlighted two key figures that caught the attention of the market: the total amount of Bitcoin mined during the month and the portion of that mined Bitcoin that was sold. According to Bitfufu’s announcement, the platform successfully mined a total of 400 BTC throughout May. This figure represents the aggregate output from the mining power hosted and managed by Bitfufu during that period. Alongside this impressive mining output, the company also reported selling 178 BTC from its reserves or recent mining production. As of the close of business on May 31st, Bitfufu maintained a substantial reserve of Bitcoin, holding a total of 1,709 BTC. These numbers provide a snapshot of Bitfufu’s operational efficiency, its strategic decisions regarding liquidity versus holding assets, and the scale of its mining operations. Let’s break down the key figures from Bitfufu’s May report: Total BTC Mined in May: 400 BTC Total BTC Sold in May: 178 BTC Total BTC Held as of May 31st: 1,709 BTC These figures are crucial for understanding the company’s activity and how it navigates the dynamic crypto market . Understanding Bitcoin Mining Output Mining 400 BTC in a single month is a significant achievement in the current Bitcoin mining landscape. Bitcoin mining is a highly competitive process that involves using powerful computers (mining rigs) to solve complex mathematical problems. The first miner to solve the problem gets to add the next block of transactions to the Bitcoin blockchain and is rewarded with newly minted Bitcoin (the block reward) plus transaction fees. The amount of Bitcoin a mining operation can produce depends on several factors: Hashrate: This is the total computing power the operation contributes to the network. A higher hashrate increases the probability of solving blocks. Network Difficulty: This adjusts approximately every two weeks to ensure that blocks are mined roughly every 10 minutes. If more miners join the network, difficulty increases, making it harder to find blocks. Block Reward: This is the amount of new Bitcoin awarded for mining a block. This amount halves approximately every four years (known as the Bitcoin halving). The most recent halving occurred in April 2024, reducing the block reward from 6.25 BTC to 3.125 BTC. Efficiency of Mining Hardware: Newer generation mining rigs are more energy-efficient, allowing miners to produce more Bitcoin for the same operational cost. Electricity Costs: This is the primary operational expense. Lower electricity costs mean higher profitability and potentially more resources dedicated to mining. Bitfufu’s ability to mine 400 BTC in May, following the April halving, suggests a substantial operational scale and potentially efficient hardware and energy sourcing. This level of output positions them as a significant player in the global Bitcoin mining sector. Analyzing Bitfufu’s BTC Holdings and Sales Strategy One of the most interesting aspects of a mining company’s report is its strategy regarding mined Bitcoin. Miners face a constant decision: sell mined BTC immediately to cover operational costs and realize profits, or hold onto the BTC (HODL) in anticipation of future price increases. Bitfufu’s report shows they mined 400 BTC and sold 178 BTC in May. This indicates a strategy that balances realizing immediate value with accumulating assets. Selling 178 BTC likely helps cover significant operational expenses such as electricity, hosting fees, and maintenance. Mining operations have high fixed and variable costs, and selling a portion of mined assets is a common practice to ensure financial stability and fund ongoing operations or expansion. Simultaneously, holding 1,709 BTC as of May 31st demonstrates a strong conviction in the long-term value of Bitcoin. By retaining a significant portion of their mined BTC (or previously acquired BTC), Bitfufu is positioned to benefit from potential future increases in Bitcoin’s price. This level of BTC holdings provides the company with significant exposure to the performance of the underlying asset it helps produce. Mining companies’ selling pressure can sometimes influence the crypto market , particularly during periods of low liquidity. However, the sale of 178 BTC by Bitfufu in the context of the overall daily Bitcoin trading volume is relatively small and unlikely to have a major impact on the global market price. It is more indicative of Bitfufu’s internal financial management and strategic outlook. The Cloud Mining Model: Bitfufu’s Core Business Bitfufu operates primarily as a cloud mining platform. This model allows individuals and institutions to participate in Bitcoin mining without needing to purchase, set up, and maintain their own mining hardware. Users essentially rent hashing power from Bitfufu’s data centers for a specified period. Benefits of the cloud mining model for users include: Accessibility: Low barrier to entry compared to buying expensive mining rigs. No Hardware Management: Users don’t deal with installation, heat, noise, or maintenance issues. No Electricity Concerns: The cloud provider handles the significant electricity costs and infrastructure. For Bitfufu, the cloud mining model means managing large-scale data centers, acquiring and maintaining vast numbers of mining rigs, securing reliable and cost-effective electricity, and providing a stable platform for users. The 400 BTC mined in May represents the total output generated by the hashing power across their facilities, which is then distributed among their cloud mining clients and potentially allocated to Bitfufu’s own operations, depending on their business model and contracts. The health of a cloud mining platform like Bitfufu is closely tied to its operational efficiency, the profitability of mining (driven by Bitcoin price, difficulty, and electricity costs), and its ability to attract and retain users. Reports like the May performance update offer transparency into the operational success that underpins their service. Bitfufu’s Strategy in the Broader Crypto Market Context Bitfufu’s May performance occurred within a dynamic crypto market . May saw fluctuations in Bitcoin’s price, continued adjustments post-halving, and evolving sentiment regarding macroeconomic factors and institutional adoption. A mining company’s decision to sell or hold BTC is often influenced by market conditions: High Prices: Miners may sell more BTC when prices are high to maximize revenue and secure profits. Low Prices/High Costs: Miners might be forced to sell more BTC, even at lower prices, to cover rising operational costs, especially electricity, which can be a significant challenge. Market Sentiment: Bullish sentiment might encourage holding, while bearish sentiment could lead to more selling to reduce risk. Bitfufu’s decision to sell 178 BTC while holding onto a much larger amount (1,709 BTC) suggests a balanced approach, adapting to the current market environment while maintaining a long-term bullish outlook on Bitcoin. Their substantial BTC holdings are a key asset that appreciates with the market, while the sales ensure liquidity for ongoing business needs. Monitoring the reports of major mining companies like Bitfufu provides valuable data points for anyone interested in the infrastructure layer of the crypto market . These reports offer insights into the production side of Bitcoin and how key industry players are positioning themselves. What Can We Learn? Actionable Insights Bitfufu’s May report offers several takeaways: Large-scale Bitcoin mining operations remain highly active and productive, even after the halving event. Companies like Bitfufu employ strategic asset management, balancing the need for liquidity (selling BTC) with long-term investment (holding BTC). The size of a company’s BTC holdings is a significant indicator of its balance sheet strength and long-term market view. Operational reports from mining companies provide transparency into the health and scale of the mining sector, which is a foundational part of the crypto market . For investors or those considering cloud mining, understanding the provider’s operational performance and financial strategy, as demonstrated by Bitfufu’s report, is crucial for assessing risk and potential returns. Conclusion: Bitfufu’s Steady Hand in a Volatile Market Bitfufu’s May operational report paints a clear picture of a large-scale cloud mining operation actively contributing to the Bitcoin network. Mining 400 BTC demonstrates significant operational capacity, while the strategic decision to sell 178 BTC highlights prudent financial management aimed at covering costs and ensuring liquidity. Their substantial holding of 1,709 BTC underscores a long-term commitment to Bitcoin’s value proposition and provides significant leverage to market movements. In the ever-evolving crypto market , transparency from key infrastructure providers like Bitfufu is invaluable. Their report offers a window into the realities of post-halving Bitcoin mining and the strategic decisions necessary to thrive in this capital-intensive industry. As the market continues to mature, the performance and strategies of mining companies will remain a critical indicator of the sector’s health and future direction. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Bitfufu Reveals Strategic Bitcoin Mining Operations: 400 BTC Mined, 178 Sold in May first appeared on BitcoinWorld and is written by Editorial Team
JPMorgan CEO delivers a dire wake-up call as he warns that internal chaos could dethrone the U.S. dollar and shatter American global supremacy. JPMorgan CEO Jamie Dimon Questions Future of US Dollar as Reserve Currency Amid Domestic Decline JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon issued a stern warning at the Reagan National Economic Forum
Bitcoin has surged to an unprecedented high of $111,000, triggering historic profit-taking activities across the cryptocurrency market. Data from Glassnode reveals that realized profits reached a peak of $500 million
Bitcoin ETFs have surged dramatically, signaling renewed institutional confidence and sparking interest in promising altcoins like Qubetics, Cardano, and Litecoin. This influx of capital highlights a broader market shift where
Bitcoin throwing in important signal that could start off potential bullish retrace on market
BitcoinWorld SUI ETF: Crucial Progress as SEC Acknowledges Application Big news is circulating in the crypto world, particularly for holders and enthusiasts of the SUI network. The United States Securities and Exchange Commission (SEC) has officially confirmed a significant development: the formal acknowledgement of an application for a Spot SUI ETF . This move, reported by BWE News via X, marks a crucial procedural step forward for the potential launch of an exchange-traded fund that would directly hold SUI tokens. What Does the SEC Acknowledgment Mean for the SUI ETF? For those unfamiliar with the regulatory process, the SEC’s acknowledgement is not an approval. Think of it as the SEC saying, “Okay, we’ve received your homework.” It signifies that the application has been formally filed and has entered the regulatory review pipeline. The specific application acknowledged comes from 21Shares, a prominent player in the crypto asset management space known for filing various crypto ETF proposals. Here’s a simple breakdown of what this initial SEC step entails: Formal Filing: The application meets the initial requirements for submission. Beginning of Review Period: It triggers official timelines for the SEC to review the proposal. Public Record: The application becomes part of the public record, allowing for transparency and potential public comments. Not Approval: Crucially, this does not indicate anything about the likelihood of the SUI ETF being approved or rejected. This acknowledgement sets the stage for a potentially lengthy and complex review process, similar to those seen with Bitcoin and Ethereum spot ETF applications in the past. The Path to a Spot SUI ETF: What Happens Next? Following the acknowledgement, the application for the Spot SUI ETF enters a defined timeline under SEC rules. The initial period for the SEC to make a decision (approve, disapprove, or delay) is typically 45 days from the date of publication in the Federal Register. However, the SEC has the authority to extend this period multiple times, often leading to review processes that can take several months. Key stages in the SEC review process often include: Initial Review: SEC staff examine the filing for compliance with securities laws. Public Comment Period: The public is invited to submit comments on the proposal. These comments can influence the SEC’s decision-making. Amendments: The applicant (21Shares in this case) may need to file amendments to address SEC questions or concerns. Decision Points: The SEC faces statutory deadlines to either approve, disapprove, or further delay the decision. The outcome is far from guaranteed. The SEC has historically been cautious with crypto products, particularly those directly holding underlying assets, citing concerns around market manipulation, investor protection, and the maturity of the underlying market. However, the recent approvals of Bitcoin spot ETFs have set a precedent that proponents hope will pave the way for other digital assets like SUI . Why a Spot SUI ETF Matters: Potential Benefits and Challenges for SUI The prospect of a Spot SUI ETF is significant because it could bridge the gap between traditional finance and the SUI ecosystem. An ETF structure allows investors to gain exposure to the price movements of SUI without needing to directly buy, store, or manage the private keys of the cryptocurrency itself. This accessibility is a major draw for institutional investors and retail investors who prefer using traditional brokerage accounts. Potential Benefits: Increased Accessibility: Opens the door for a broader range of investors, including those in traditional financial markets. Enhanced Liquidity: Increased investment inflows could boost the liquidity of the SUI market. Potential Price Impact: Higher demand driven by ETF investment could positively influence the price of SUI . Market Legitimacy: An SEC-approved ETF could lend greater credibility and legitimacy to the SUI network in the eyes of mainstream finance. Easier Portfolio Diversification: Provides a straightforward way for investors to add SUI exposure to diversified portfolios. Potential Challenges and Risks: Regulatory Uncertainty: The SEC’s approval is not guaranteed and depends on evolving regulatory perspectives. Market Volatility: SUI’s price, like other cryptocurrencies, is subject to significant volatility, which an ETF would reflect. Competition: The broader Crypto ETF market is becoming more competitive, potentially diluting focus. Underlying Asset Risk: Risks associated with the SUI network itself (e.g., technical issues, adoption challenges) would still impact the ETF’s performance. Understanding these potential upsides and downsides is crucial for anyone following the development of the SUI ETF . Comparing SUI’s Journey to Other Crypto ETF Efforts The filing and acknowledgement of a Spot SUI ETF application is part of a larger trend in the financial industry seeking to package cryptocurrencies into familiar investment vehicles. Bitcoin spot ETFs were approved in early 2024 after years of applications and rejections, marking a watershed moment. Applications for Ethereum spot ETFs are currently under review, with decisions expected in the coming months. SUI’s application follows this pattern, indicating growing interest in bringing a wider array of digital assets into the regulated ETF structure. While Bitcoin and Ethereum have first-mover advantage and larger market caps, the filing for SUI suggests that issuers like 21Shares see potential investor demand and are proactively seeking regulatory pathways for newer, prominent blockchain networks. This broader context of Crypto ETF development highlights a maturing market and increasing institutional comfort levels, albeit under strict regulatory scrutiny. Navigating the Future of SUI Investment: Actionable Insights For investors and market participants, the SEC’s acknowledgement of the SUI ETF application is a development to watch closely. While it doesn’t require immediate action, it’s an opportunity to become informed. Consider these actionable insights: Monitor SEC Updates: Keep an eye on official SEC announcements and filings regarding the 21Shares SUI ETF application. Pay attention to deadlines and requests for comments. Understand the Asset: If you are considering investing in SUI, whether directly or potentially via an ETF, ensure you understand the SUI network, its technology, use cases, and risks. Assess Your Risk Tolerance: Cryptocurrency investments, including through ETFs, carry significant risk. Evaluate if this aligns with your investment goals and risk profile. Diversification: Remember that any single asset, including SUI, should likely be part of a diversified investment strategy. The road to an approved SUI ETF is likely to have twists and turns, but this initial step by the SEC is undeniably noteworthy. Summary: A New Horizon for SUI? The official acknowledgement by the SEC of 21Shares’ application for a Spot SUI ETF is a procedural but symbolically important event. It signals that SUI is now formally on the regulatory radar for a potential ETF product, placing it alongside larger cryptocurrencies like Bitcoin and Ethereum that have gone through or are undergoing similar processes. While approval is far from certain and the review period could be extensive, this development opens the door to increased mainstream accessibility and potential institutional interest in SUI. It’s a positive indicator of the growing maturation of the crypto market and the persistent efforts to integrate digital assets into traditional financial frameworks. The coming months will be critical in determining the fate of this application and its potential impact on the future of SUI investment. To learn more about the latest crypto market trends, explore our article on key developments shaping the future of SUI investment. This post SUI ETF: Crucial Progress as SEC Acknowledges Application first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin continues to trade above the critical $100,000 level, showing resilience despite facing resistance near $110,000. Bulls remain in control of the broader trend, but momentum appears to be slowing as macroeconomic tensions intensify. Ongoing global uncertainties, including tariff disputes and bond market volatility, have introduced a new wave of caution across risk-on assets. While Bitcoin’s price action remains strong on the surface, undercurrents in on-chain activity reveal a more cautious tone. According to CryptoQuant, retail demand—measured by on-chain transactions involving up to $10,000—has declined by approximately 2.45% over the last 30 days. This drop suggests that smaller investors have not yet entered the market with the enthusiasm typically seen during euphoric phases of a bull run. Although many retail participants may now be opting for indirect exposure through ETFs or institutional products, the lack of aggressive retail inflows on-chain is a notable signal. For now, the market structure remains healthy, but a stronger wave of demand from smaller investors may be needed to fuel a sustainable push above all-time highs . Until then, Bitcoin may continue consolidating near current levels while awaiting a decisive breakout catalyst. Bitcoin Faces A Crucial Test As Retail Demand Lags Behind Bitcoin is now trading at a critical juncture. After reaching an all-time high of $112,000, bulls are fighting to reclaim upward momentum, while bears have yet to trigger a meaningful retrace. The price remains above $105,000, a strong sign of resilience amid growing macroeconomic volatility. Global tensions—particularly the ongoing U.S.-China tariff standoff and rising bond yields—continue to shake markets and keep investors cautious. Despite Bitcoin’s strength, sentiment remains divided. Many analysts point to the uncertain bond market and systemic risks as key drivers of both opportunity and concern. While institutional flows and ETF activity offer some support, on-chain data suggests the market is far from euphoric. CryptoQuant data reveals a 2.45% decline in retail demand over the past 30 days, measured by BTC transactions of $10,000 or less. This metric reflects smaller investor behavior, and its downtrend implies that the retail crowd has not yet jumped in with full confidence. While some of this capital may now flow through ETFs and custodial platforms, the lack of strong on-chain signals from retail traders tempers immediate bullish expectations. However, this may not be entirely negative. The absence of retail euphoria could mean the current structure has room to grow, with the potential for another wave of sustainable upside, if demand returns. For now, Bitcoin holds its ground, but the next move will depend heavily on external catalysts and broader market sentiment. BTC Technical Analysis: Price Stays Range-Bound Bitcoin is trading around $105,700, holding above the key support at $103,600 after bouncing off this level multiple times. This area continues to act as a solid demand zone, offering a base for potential upside if momentum builds. On the 4-hour chart, BTC remains range-bound between $103,600 and $109,300, with sideways movement dominating price action since the May rejection at all-time highs. The 34 EMA is providing short-term dynamic support near $105,600, while the 100 and 200 SMAs sit slightly above and below the current price, compressing BTC within a tight structure. This suggests that a decisive move may be nearing. If Bitcoin breaks and closes above $106,900, the next key resistance at $109,300 could be tested again, with potential to extend higher. However, a close below $103,600 would break the bullish structure and open the door for further downside, possibly toward the $100,000 psychological level. Volume has remained low, which highlights market indecision, with participants waiting for a macro or technical catalyst. Featured image from Dall-E, chart from TradingView