Overview

• Bitcoin briefly topped $110,000 for the first time since June 11 as U.S. spot ETFs attracted $408 million in inflows on Wednesday.
• The price surge liquidated more than $280 million of short positions and lifted futures open interest toward $74 billion.
• Bitcoin remains in a $100,000–$110,000 consolidation channel, filling a CME gap near $106,000 with progressively shallower dips.
• Institutional demand through OTC desks and corporate treasury purchases has remained strong despite declining on-chain volume.
• Standard Chartered forecasts potential new highs near $200,000 by year-end as sustained institutional support challenges post-halving and Q3 seasonal trends.