Bitcoin is nearing its all-time high, trading at $109,266 as of June 10, 2025, driven by robust institutional demand. The Coinbase Premium, reflecting the price gap between Bitcoin on Coinbase and other exchanges, hit $109.55 on June 6, indicating heightened interest from US investors. Since July 2024, 550,000 BTC have been withdrawn from exchanges, suggesting a trend towards long-term holding. Institutional interest, particularly from BlackRock's iShares Bitcoin Trust, which has amassed $70 billion in assets, is a significant factor in Bitcoin's price surge. Bitcoin ETFs have experienced a net inflow of $36 billion in 2025, enhancing market liquidity and stability. Despite potential regulatory shifts, Bitcoin continues to be perceived as a hedge against inflation, with the combination of a high Coinbase Premium and reduced exchange reserves potentially driving prices higher, albeit with ongoing volatility.