JPMorgan Chase has announced it will accept Bitcoin ETFs as collateral for wealth lending, allowing clients to use their Bitcoin and Ethereum holdings to calculate net worth for borrowing purposes. This move is expected to influence other banks to follow suit. Bitcoin's price has been trading between $104,881 and $106,000, with a key breakout level identified at $106,800. The cryptocurrency has shown strong support above $100,000 and is currently consolidating between $105,000 and $106,000, with mixed technical signals. Market analysts note that if Bitcoin rises to $107,000, over $1 billion in short positions could be liquidated, and a surge to $110,000 could trigger liquidations exceeding $7 billion. Despite these dynamics, Bitcoin's price has only increased about 1% over the past week, with the broader cryptocurrency market capitalization reaching approximately $3.32 trillion. Altcoins continue to experience significant volatility amid this environment. Additionally, the number of Bitcoins held on exchanges has decreased, with about 67,000 BTC withdrawn recently. The market remains cautious as Bitcoin holds the $105,000 level but is considered to be on fragile grounds by some analysts.