Demand for Bitcoin from institutional investors remains high, even amid rising concerns about short-term capitulation in the crypto market.
Increase in Bitcoin Investments
According to CoinShares data, Bitcoin-based investment products recorded an inflow of about $1.1 billion over the past week, marking the second consecutive week of positive cash flow. As a result, the total monthly inflow reached approximately $2.38 billion, with a year-to-date figure of around $12.7 billion.
Bitcoin Prices and Market Conditions
Currently, Bitcoin's price is trading around $104,100, reflecting a 3% increase from previous days. However, forecasts indicate significant resistance around the $110,000 to $112,000 range. Market data suggests the formation of a potential macro double top and a bearish divergence in the Relative Strength Index (RSI).
Analysts' Forecasts for Bitcoin
Analyst Benjamin Cowen believes that the broader crypto market, led by Bitcoin, will experience further declines in the coming months, potentially establishing a local low in August or September 2025. He suggests that if Bitcoin continues to close below $100,000, a sell-off toward the support level around $96,000 will be inevitable.
The high demand for Bitcoin among institutional investors remains significant despite short-term market fluctuations and forecasts of potential declines in the future.
