Bitcoin is currently trading between $100K–$110K, showing subdued profit-taking and moderate on-chain activity. A breakout above $110K would require a surge in on-chain transfers and spot trading volume, which hasn’t occurred yet. Meanwhile, institutional interest is growing, with spot ETFs seeing $589M in net inflows, notably $436M into BlackRock's IBIT. Technically, Bitcoin has breached the $107K–$108K resistance, and is now testing its ability to climb toward $110K–$112K.