Bitcoin Price Today: June 8, 2025
As of today, BTC is trading around $105,725, up slightly by 0.07% from yesterday. The intraday range spans from a low of $105,110 to a high of $105,904, showing modest movement compared to recent volatility.
1. Institutional Inflows & ETF Momentum
Institutional interest remains strong: large inflows into spot BTC ETFs continue to buoy price action. For example, BlackRock’s IBIT fund amassed over $57 billion in assets by February 2024, and similar momentum is now rippling through Europe’s pending Bitcoin ETP launches. Moreover, Sygnum Bank reports that Bitcoin’s liquid supply on exchanges has shrunk by ~30% in the past 18 months, tightening supply as institutional demand intensifies.
2. Technical Patterns Signal Consolidation
Technical analysts note Bitcoin is hovering near the lower band of its 4-hour chart after a strong rally from $90K to $112K. This zone, between $103K–$112K, acts as a critical support-resistance pivot. A bounce from here could set up a run toward $118K, while a breakdown might push price down toward $97K.
3. Macro Outlook & Policy Watch
A calmer backdrop in macroeconomic news—specifically weaker-than-expected U.S. labor data—has hinted at potential Fed rate easing. That, combined with momentum from political developments like the Strategic Bitcoin Reserve executive order signed in March, supports a cautiously bullish narrative.
What’s Next ?
With institutions continuing to pile in, dwindling on‑exchange supply, and strategic support zones holding firm, Bitcoin looks set to stay range‑bound near $105K–$112K. A sustained close above $112K could trigger a fresh wave toward $118K, while a drop below $103K may test deeper support near $97K.
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