Analysts: The fundamentals of Bitcoin remain bullish, and long-term holders continue to increase their holdings, forming a "buffer" support.

BlockBeats News, on June 1, CryptoQuant analyst Axel Adler Jr posted, "Despite a brief pullback in the price of Bitcoin to $103,000–104,000, the fundamentals remain bullish: trading platform reserves continue to dwindle, corporate purchases continue to pressure supply, and long-term holders continue to increase their holdings, forming a "buffer" below the market." At the same time, the macro picture presents a mixed signal: the slowdown in PCE inflation has eased some of the Fed's policy pressures, but tariff uncertainty and rising yields have strengthened the "risk aversion" atmosphere and dampened the market's willingness to grow. The baseline scenario for next week is for Bitcoin to trade sideways between $103,000 and $110,000 until new drivers emerge. Volume amplification and momentum above 20%, accompanied by a break above $110,000, would confirm that the market is ready to test the $115,000–$120,000 range. Conversely, if the net inflow turns positive and the price falls below $100,000, it could signal a deeper correction."