As of July 8, 2025, Bitcoin (BTC) is trading around $108,700, showing minor intraday fluctuations amid global macro uncertainty. Market sentiment is currently cautious due to new U.S. tariffs on major economies like Japan and South Korea, announced by President Trump, which have slightly pressured both equities and crypto markets. However, underlying fundamentals remain bullish on chain data shows exchange reserves have dropped to record lows, indicating reduced sell-side pressure, while 80% of BTC supply is held by long-term holders ("diamond hands"), historically a precursor to strong upward