10x Research: As the traditional bull run season in July arrives, Bitcoin is attempting to break through the key level of $110,000.

PANews July 3 news, according to 10x Research analysis, Bitcoin has seen capital outflows for 98 consecutive days and is currently testing the upper limit of its consolidation range. Despite strong ETF inflows, decreasing exchange balances, and political pressure facing The Federal Reserve (FED), the price of Bitcoin remains relatively stable. With the traditional bull run season in July approaching and the upcoming labor market data announcement, the market may be brewing a significant breakthrough. The report indicates that the key factors supporting the rebound of Bitcoin since late April not only continue to exist but have also gained further support. Currently, Bitcoin is trying to break through the key $110,000 level, while low volatility provides investors with a rare opportunity to position themselves.