Bitcoin briefly broke above $107,000 before falling back below $105,000

According to Jinshi News, after last month's crash, Bitcoin is struggling to make a meaningful recovery. On Monday, Bitcoin briefly broke through $107,000, then fell back below $105,000, showing the fragility of market sentiment. This downturn is partly due to large holders taking profits and ongoing unease. Although the Bitcoin ETF listed in the U.S. attracted a net inflow of $1 million, the funds flowing into exchange-traded funds show little enthusiasm. Analysts point out that Bitcoin remains pinned below its 200-day moving average, currently around $110,000.