⚡️ What To Expect From Bitcoin ($BTC ) Price In June?
Bitcoin has experienced a massive rally over the past month, marking a new all-time high (ATH) at $111,980. This significant price surge has raised questions about the sustainability of Bitcoin’s momentum moving into June.
While some investors are optimistic about further gains, others are wondering if the price will cool down or if Bitcoin holders will take a more cautious path.
🔸 Bitcoin Investors Acquire Heavily
Bitcoin’s market sentiment is currently driven by strong accumulation. The balance on exchanges has dropped by 66,975 BTC, worth over $7.2 billion, indicating that investors are moving their holdings off exchanges and into private wallets. This significant decline in available Bitcoin on exchanges suggests growing trust in the asset and belief in further price increases.
The accumulation is partially driven by FOMO (fear of missing out), as new investors rush in, but it is also backed by a growing conviction in Bitcoin’s long-term potential. However, Juan Pellicer, VP of Research at Sentora.
💬 “Investors’ willingness to reach for risk this spring has been shaped by a tight set of macro currents that are all moving in a “looser-financial-conditions” direction at once. Inflation is gliding down, central-bank easing is back on the table, real yields and the dollar are slipping, global liquidity is expanding, and fiscal spigots remain wide open. Those forces have lifted all risk assets, Bitcoin included, and they also explain why BTC’s price has been strongly correlated to the S&P 500 through May,” Pellicer noted
On-chain data reveals key indicators that suggest Bitcoin’s macro momentum remains strong. The On-chain Trader Realized Price and Profit/Loss Margin have been spiking, signaling that Bitcoin investors, especially those who bought 1 to 3 months ago, are sitting on significant unrealized profits. This data helps gauge investor behavior and indicates that many are still holding, anticipating further price rises.