Overview

• Bitcoin has traded in a narrow $102,000–$108,000 range over the past week, reflecting low volatility around the $104,000 mark.
• CryptoQuant warns bitcoin could slide to support near $92,000 or lower if demand weakens, while LMAX strategist Joel Kruger sees a run toward $145,000 in the second half.
• Net inflows into spot Bitcoin ETFs reached $389.6 million and Semler Scientific outlined plans to hold 105,000 BTC by 2027, underscoring sustained institutional accumulation.
• On-chain data provider Glassnode reports that futures and options trading regularly exceeds spot volumes by up to 16 times, signaling a more mature, hedged market structure.
• The U.S. Senate’s passage of a stablecoin regulatory framework has added clarity to the sector and bolstered confidence in large-scale crypto adoption.