The demand for Bitcoin from institutional investors remains high
The demand for cryptocurrency Bitcoin (BTC) from institutional investors remains high amid concerns about the short-term capitulation of the market. According to market data, Bitcoin investment products recorded inflows for the second consecutive week last week, amounting to approximately 1.1 billion USD. This reflects a strong confidence among institutions in the long-term strength of Bitcoin.
In the past month, BTC investment products have recorded a net inflow of approximately 2.38 billion USD, and since the beginning of the year, it has reached over 12.7 billion USD. The United States leads with a net inflow of up to 1.25 billion USD, while Hong Kong and Switzerland recorded net outflows of 32.6 million USD and 7.7 million USD, respectively.
Is the price of Bitcoin ready to break out bullishly?
On the mid-week trading session in Northern America on June 24, the price of Bitcoin rebounded by more than 3%, trading around 104,100 USD. However, this cryptocurrency is facing strong resistance in the range of 110,000 – 112,000 USD. This is a level that many professional traders are closely monitoring.
On the weekly chart, BTC is forming a macro double top pattern combined with a bearish divergence of the relative strength index (RSI). This technical signal indicates that selling pressure may increase in the short term.
Selling pressure and market predictions for next month
Data from the trading platform Coinglass shows that over 12 billion USD in short leveraged contracts have been liquidated, creating significant downward pressure from margin positions. BTC may continue to face selling pressure in the coming weeks due to the liquidation of short positions.
Some cryptocurrency analysts, including Benjamin Cowen, predict that the crypto market in general and BTC in particular will establish lower bottoms in the coming months. The peak of the local bottom is likely to form in August or September 2025.
Technical scenario for the upcoming trading week
If BTC cannot close above 100,000 USD next week, it is highly likely that a deeper sell-off will occur towards the support area near 96,000 USD. This is a key support level that investors need to monitor to devise a reasonable strategy and avoid potential losses.
Capturing market signals and institutional cash flow data is crucial to predicting Bitcoin price fluctuations. Investors should pay attention to technical pressure and market sentiment during this period to make accurate and effective investment decisions.
Source: https://tintucbitcoin.com/dot-pha-tien-dien-tu-sap-toi/
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