Bitcoin experienced significant volatility in June 2025. At the beginning of the month, the trading price was around $105,400, having retraced from a high of about $112,000 in May. As the geopolitical situation in the Middle East tightened, Bitcoin's price came under further pressure on June 13, falling more than 4% in a single day, briefly dipping below the $103,000 mark.

Despite significant short-term fluctuations, institutional investors seem to remain confident. Data shows that well-known institutions like MicroStrategy and Bitdeer are still increasing their positions. More notably, the number of addresses holding at least 1 Bit has increased by 15% this month, and the proportion of long-term holders has surpassed 70% of the total circulation, indicating that the market fundamentals remain robust.

From a technical analysis perspective, Bitcoin's 50-day moving average has crossed above the 200-day moving average, forming a "golden cross" pattern that traders view as a bullish signal, which may indicate a positive shift in the medium to long-term trend.