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 Crypto news bitcoin price today 

*Bitcoin Price Today: $124,000 and Beyond*

The current Bitcoin price is around $124,000, having recently reached a new all-time high above $125,000. This surge is driven by strong institutional demand, robust ETF inflows, and a shift toward "debasement hedge" narratives amid global economic uncertainty ¹.

*Key Factors Influencing Bitcoin's Price*

- *Institutional Investment*: Growing institutional interest in Bitcoin has added credibility and capital to the market. Spot Bitcoin ETF inflows have exceeded $3.2 billion, reflecting deepening institutional conviction and expanding mainstream adoption.

- *On-Chain Activity*: Despite the price surge, on-chain activity has dropped to a five-year low, raising concerns about the sustainability of the rally. Fewer active wallets and concentrated holdings suggest that the price increase is driven by a smaller number of hands.

- *Futures Market*: High leverage in derivatives markets poses short-term risks. Open interest in Bitcoin futures has reached record levels, increasing the potential for sharp corrections.