Bitcoin trades at $109K as short-term holders cash out $11B in monthly profits.
Crypto ETF inflows hit $3.3B last week, pushing the YTD total to a record $10.8B.
BlackRock’s IBIT leads with $2.43B in inflows, holding 3.32% of Bitcoin’s market cap.
Bitcoin traded at $109,637 at press time, after gaining 4.38% in the past seven days. The asset remains just below its record high, as $11 billion in short-term holder profits and macro uncertainty weigh on momentum.
Bitfinex analysts reported that short-term holders realized $11.4 billion in profits over the past 30 days. This figure marks a steep rise from the $1.2 billion realized in the prior month. The analysts warned that without an equal influx of new capital, further upside could remain limited in the near term.
While spot bitcoin ETFs attracted over $5.3 billion in May, the increased pace of profit realization suggests a near-term pause may be underway. The analysts highlighted $95,000 as a key level to watch, noting it as the cost basis for short-term holders. The day’s advances followed news that President Donald Trump would delay proposed 50% tariffs on EU goods until July 9, which helped global…
The post Bitcoin Holds Near $110K as Profit-Taking and ETF Inflows Shape Outlook appeared first on Coin Edition.
