Bitcoin (BTC) price prediction: The rising momentum has abruptly stopped after three consecutive days, and falling below "this level" may lead to a revisit of 100,000.
According to Gate, FXEmpire analyst Bob Mason stated that Bitcoin's upward momentum came to a halt after three consecutive days, as the market's reaction to the Ripple-SEC court ruling on Thursday dampened retail investors' sentiment. However, demand from institutional investors remains strong, and the US BTC Spot ETF market is expected to see inflows for 13 consecutive days.
According to Farside Investors, the main inflows of funds on June 26 included:
· Fidelity Wise Origin Bitcoin Fund (FBTC) net inflow of 32.9 million USD
· Bitwise Bitcoin ETF (BITB) net inflow of 25.2 million USD
The fund flow data for BlackRock iShares Bitcoin Spot ETH (IBIT) has not yet been released, while the total inflow for the US BTC Spot ETF has reached $63 million. It is worth noting that the US BTC Spot ETF market may extend its net inflow record to 13 trading days.
The activities of whales and sharks align with the liquidity trends of the Spot ETF, highlighting that sentiment towards BTC is improving. Market intelligence platform Santiment reports: "The number of wallets holding at least 10 Bitcoins (currently slightly above $107,000) has rebounded to its highest level since March 12. Due to extreme market volatility, smart money has accumulated funds during most retail investor panic selling cycles."
Nate Geraci, President of ETF Store, commented on the current cryptocurrency landscape and market activities, summarizing the market dynamics of the past 48 hours. Key highlights include:
· Republican lawmakers have proposed a comprehensive legal framework for cryptocurrencies.
· Federal Reserve Chairman Powell stated that the cryptocurrency industry is maturing.
· Fannie Mae and Freddie Mac will incorporate cryptocurrency into mortgage assets
Bitcoin Price Outlook: Trade Developments, US Inflation, and ETF Liquidity
Bob pointed out that the recent price outlook for Bitcoin depends on several key drivers, including US inflation data, trade developments, the Middle East ceasefire, and ETF liquidity. Possible scenarios:
Bearish scenario: The Iran-Israel ceasefire agreement breaks down, legislative setbacks occur, the US trade war escalates, US inflation intensifies, and ETF funds flow out. These combined factors may lead to BTC falling towards the 50-day Exponential Moving Average (EMA), breaking below the 100,000 dollar mark.
Bullish scenario: Iran-Israel ceasefire agreement reached, bipartisan support for cryptocurrency legislation, reduced tariff risks, and ETF capital inflow. Under these scenarios, the BTC price may return to the historical high of $111,917.
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Bitcoin (BTC) price prediction: The rising momentum has abruptly stopped after three consecutive days, and falling below "this level" may lead to a revisit of 100,000.
According to Gate, FXEmpire analyst Bob Mason stated that Bitcoin's upward momentum came to a halt after three consecutive days, as the market's reaction to the Ripple-SEC court ruling on Thursday dampened retail investors' sentiment. However, demand from institutional investors remains strong, and the US BTC Spot ETF market is expected to see inflows for 13 consecutive days.
According to Farside Investors, the main inflows of funds on June 26 included:
· Fidelity Wise Origin Bitcoin Fund (FBTC) net inflow of 32.9 million USD
· Bitwise Bitcoin ETF (BITB) net inflow of 25.2 million USD
The fund flow data for BlackRock iShares Bitcoin Spot ETH (IBIT) has not yet been released, while the total inflow for the US BTC Spot ETF has reached $63 million. It is worth noting that the US BTC Spot ETF market may extend its net inflow record to 13 trading days.
The activities of whales and sharks align with the liquidity trends of the Spot ETF, highlighting that sentiment towards BTC is improving. Market intelligence platform Santiment reports: "The number of wallets holding at least 10 Bitcoins (currently slightly above $107,000) has rebounded to its highest level since March 12. Due to extreme market volatility, smart money has accumulated funds during most retail investor panic selling cycles."
Nate Geraci, President of ETF Store, commented on the current cryptocurrency landscape and market activities, summarizing the market dynamics of the past 48 hours. Key highlights include:
· Republican lawmakers have proposed a comprehensive legal framework for cryptocurrencies.
· Federal Reserve Chairman Powell stated that the cryptocurrency industry is maturing.
· Fannie Mae and Freddie Mac will incorporate cryptocurrency into mortgage assets
Bitcoin Price Outlook: Trade Developments, US Inflation, and ETF Liquidity
Bob pointed out that the recent price outlook for Bitcoin depends on several key drivers, including US inflation data, trade developments, the Middle East ceasefire, and ETF liquidity. Possible scenarios:
Bearish scenario: The Iran-Israel ceasefire agreement breaks down, legislative setbacks occur, the US trade war escalates, US inflation intensifies, and ETF funds flow out. These combined factors may lead to BTC falling towards the 50-day Exponential Moving Average (EMA), breaking below the 100,000 dollar mark.
Bullish scenario: Iran-Israel ceasefire agreement reached, bipartisan support for cryptocurrency legislation, reduced tariff risks, and ETF capital inflow. Under these scenarios, the BTC price may return to the historical high of $111,917.
(Source: FXEmpire, Trading View)