⭐Bitcoin enters a consolidation period after reaching a new high, how will the market move in the future?

Bitcoin has rebounded strongly by over 50% after a 32% drop from its historical high in January, reaching a new high of $111,880, and is currently entering a healthy consolidation period. The substantial inflow of funds into ETFs, the active spot market, and the growth in net realized market capitalization are driving structural buying, with its trading logic aligning more with global liquidity rather than retail speculation.
The key now is whether we can hold the short-term holding cost line of about $95,000. Short-term holders made over $11.4 billion in profits last month, which may trigger an increase in supply, but continuous ETF buying, low volatility, and spot premiums indicate that the market is maturing. In the coming weeks, the current position of Bitcoin may be a temporary high point, or it could be the starting point for a significant rise in the third quarter.