Following significant ETF outflows, Bitcoin traders are becoming more cautious, monitoring key support and resistance levels.
ETF Outflows and Their Impact on the Market
As of July 1, 2025, there was a $342.2 million outflow from Bitcoin ETFs, indicating a shift to a more defensive stance among traders. Prior to this, from June 9 to June 30, over $4.7 billion flowed into these funds. However, as the Bitcoin price stabilized around $106,000, investor interest has significantly waned.
Decreased Activity in the Futures Market
Activity in the futures market remains muted, with annualized premiums for Binance BTC futures dropping to a 21-month low of 3.9%. Analysis shows there have been no substantial changes in CME crypto futures, possibly indicating reduced institutional interest.
Expectations for Bitcoin Price Breakout
Traders are keenly watching for Bitcoin to break out of the range between $105,000 and $108,800. Key levels to watch include $106,500 as a support level and $109,000 as resistance. If Bitcoin can breach these levels, it may lead to new all-time highs.
Current trends in the Bitcoin market suggest that traders are more cautious, raising the potential for a breakthrough or correction depending on price movements.
