The Bitcoin request (BTC) by institutional investors has remained high in the midst of growing fears of short -term market capitulation of cryptography. According to Coinshares market data, Bitcoin’s investment product recorded the second consecutive cash for approximately $ 1.1 billion.
Consequently, BTC investment products have displayed a net monthly flow of around 2.38 billion dollars and an entry into cash year year of approximately $ 12.7 billion. The United States directed In net cash inputs of around $ 1.25 billion, while Hong Kong and Switzerland posted a net cash exit of around $ 32.6 million and $ 7.7 million respectively.
Is the price of bitcoin ready for a bullish escape?
Bitcoin Price rebounded more than 3% to exchange around $ 104,100 on Monday, June 24, during the American Mid-North negotiation session. The flagship piece, however, faces a large range of resistance between $ 110,000 and $ 112,000.
Within the weekly period, BTC Price formed a double potential macro coupled with a downward divergence of the Relative force index (RSI).
With the data from the quince market showing more than $ 12 billion of cumulative liquidation lever effect, BTC price faces a lower feeling in the coming weeks.
As Coinpedia reportedCrypto Benjamin Cowen analyst thinks that the wider market of cryptography, led by BTC, will record lower lower in the coming months and potentially establish a local hollow in August or September 2025.
From the point of view of the technical analysis, if the BTC price regularly closes less than $ 100,000 in the coming week, a sale in terms of support around $ 96,000 will be inevitable.