BTC: As of June 12, 2025, the current price of BTC is $107600; Yesterday's closing pattern was a 'small bearish candlestick', with significantly reduced trading volume, indicating a cautious market trend and a slight advantage in short-term short positions. On chain data showed a net inflow of 1493 US spot Bitcoin ETFs (approximately $165 million) yesterday, reflecting stable confidence among institutional players. However, the turnover rate continues to decline, and short-term holders are gradually reducing their holdings. Although market sentiment is not panicked, the decrease in liquidity may amplify volatility. At the macro level, the deterioration of the geopolitical situation in the Middle East (such as the withdrawal of the US Embassy in Iraq) has triggered a global risk asset correction, but the impact is limited, similar to the short-term adjustment of the 2021 Afghanistan withdrawal event. The trade dynamics between China and the United States and the policies of the Federal Reserve remain the dominant factors. Overall, it is still judged as a temporary top interval. However, the chips of Bitcoin in the $93000 to $98000 range still provide solid support, and the reduction of holdings in this area is decreasing, indicating that most of the holders are long-term holders. As long as there is no concentrated selling pressure on this portion of funds, even if Bitcoin experiences a downturn, the adjustment space will be relatively limited. Long term boarding point: 88800-89100 USD range; The range of 82500-82800 US dollars; The information and data in this content are sourced from publicly available materials and strive for accuracy and reliability. However, we do not guarantee the accuracy and completeness of the information, and this content does not constitute investment advice. Therefore, we assume full responsibility for investing based on this information.