Bitcoin continues to exhibit price fluctuations amid new institutional purchases and significant interest in ETFs. This leads to increased trading volumes and shifts in market sentiment.
Institutional Bitcoin Purchases
Recently, BlackRock acquired $239 million worth of Bitcoin, raising its total exposure to BTC to record levels. Following this purchase, Bitcoin's price surged to $105,062, while trading volume for the BTC/USD pair increased by over 34% within 24 hours, indicating a strong market reaction.
ETF and Accumulation Data
Information shows that from April to June 2025, inflows into Bitcoin ETFs have averaged between $200 million and $500 million per day. Meanwhile, total accumulations reached $3.3 billion in BTC stored in wallets associated with institutional participants. These wallets have an average entry price of around $64,000.
Market Support for Bitcoin
Currently, Bitcoin's price has been hovering around the $105,000 level; however, there is selling pressure in the resistance area. Indicators point to a decline in short-term momentum, rendering the market sentiment neutral with leanings towards sell-offs and volatility.
The current events in the Bitcoin market, including institutional purchases and price variability, underline the need for close attention to shifts in trader sentiment and market dynamics.
