10x Research: With the arrival of the traditional bull market season in July, BTC is attempting to break through the key level of $110,000

ChainCatcher news, according to 10x Research analysis, Bitcoin has experienced capital outflows for 98 consecutive days and is currently testing the upper limit of its consolidation range. Despite strong ETF inflows, a continuous decrease in exchange balances, and political pressure on the Federal Reserve, Bitcoin's price remains relatively stable. With the traditional bull market season arriving in July and upcoming labor market data to be released, the market may be brewing a significant breakthrough.

The report points out that the key factors supporting Bitcoin's rebound since late April not only continue to exist but have also gained further support. Bitcoin is currently attempting to break through the critical $110,000 level, while low volatility provides investors with a rare opportunity to position themselves.