Bitcoin (BTC) broke through the $97,500 barrier with interest from institutional investors such as Strategy and Metaplanet, despite lower trading volume. BTC's price reached $97,414.42, reflecting moderate bullish momentum. While trading volume decreased, bitcoin's total market capitalization increased, indicating stability. BTC dominance also rose slightly, suggesting investor confidence. Bitcoin futures open interest increased, indicating more leveraged bets on BTC's next move. Short liquidations outweighed long liquidations, indicating bearish traders were caught off guard. Institutional buying, such as Metaplanet's acquisition of 68.59 BTC and Strategy's $2 billion private offering for bitcoin acquisitions, supported BTC's climb. However, overall crypto market momentum has slowed, with BTC declining by 5.9%. BTC needs to convincingly surpass the $97,500 resistance level to break out decisively, with support at $95,000.



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