Bitcoin spiked to $107,000 before retracing, leading to market volatility and uncertainty among investors.Long-Term Holders have decreased their supply of Bitcoin in the market, hinting at profit-taking as prices hit new highs.The current price consolidation around $100K is seen as a crucial level for Bitcoin, with resistance near ATH posing a challenge.Institutional demand will play a significant role in absorbing future Bitcoin supply, while bulls aim to reclaim momentum above $106K.