On Thursday, June 20, the crypto market was shaken by a wave of liquidations reaching $464 million, dominated by long positions worth $393 million. Bitcoin briefly touched a monthly low of around $102,225 but managed to rebound and hold in the range of $103,000–106,000.
Analyst Axel Adler noted an increase in long liquidation dominance to 10%, a signal of potential further correction, but the fact that prices remain stable is referred to as a sign of buyer resilience.
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🏦 Whale Activity & Institutional Interest
Accumulation activity by "whales" dropped drastically by 191%, while on-chain metrics indicate bearish conditions in funding rates.
Nevertheless, some companies continue to buy BTC—especially in the United States—even as prices decline, with institutional accumulation accelerating providing momentum for digital gold, with projections for an end-of-year increase.
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🔎 Support & Technical Scenarios
Some technical analysts warn that crucial support is in the range of $102,000–103,000. If it holds, BTC could test resistance between $108,000–112,000 again.
However, if this support fails, the risk of a deeper correction towards $97,000 or even $93,000 becomes real.
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☁ Overview and Outlook
Overall, the long-term bullish structure remains intact. Bitcoin is still up about 40% YTD, while macro turmoil such as geopolitical tensions or US tariffs also affects the short-term price direction.
June is expected to be a decisive month, with sharp fluctuations from macro pressures and unprecedented inflows of institutional funds.