Overview

• Bitcoin and Ethereum have remained trapped in a $106,900–$108,200 corridor for two months, with traders bracing for a decisive breakout.
• More than $232 million in cryptocurrency positions were liquidated over the past 24 hours as narrow price swings triggered stop-outs.
• Institutional demand remains elevated, with wallets holding at least 10 BTC hitting their highest count since mid-March.
• Cryptocurrency ETFs extended their inflow streak to 12 days, underscoring strong asset manager interest at current price levels.
• Broader market sentiment was lifted by White House comments that the July 9 tariff deadline may be postponed, driving a rally in both equities and risk assets.