Fillions becomes, but bitcoins stagnate. While the ETF recorded records in June 2025, the flagship Krypto does not respond almost. As soon as 2 % increases over the month, which is a mocking movement on the market accustomed to brutal flights. This unexpected calm, despite the unprecedented institutional dynamics, challenges observers. What does this inertia really reveal? There is a new balance behind visible flows in the crypto arena, far from the classic patterns of speculative euphoria.
In short
- Despite the massive influx of $ 3.5 billion in the Bitcoin ETF in June 2025, the BTC price increased by only 2 %.
- This stagnation is largely explained by persistent sales forces that neutralize the impact of purchases through ETF.
- The market feeling remains cautious and has a small appetite for long positions in short -term merchants.
- Analysts remain divided: some see it as a simple phase of accumulation, others are afraid of permanent depreciation between financial flows and prices.
Pressure market: Sellers buyer counterweight
While Bitcoins begins to recover after a ceasefire between Israel and Iran, its recent stagnation reflects the persistent imbalance between purchases and selling on the point market.
On the one hand, Bitcoins record ETF massive incoming flows, in June around $ 3.5 billion. On the other hand, these purchases are neutralized by several pockets of large sales pressure, which act as an immediate brake with a significant price evaluation.
The main identified sales factors are as follows:
- Grayscale Bitcoin Trust (GBTC): This historic fund, which became an ETF place at the beginning of 2024, continues to record clean trips. Each download means direct sale of BTC on the market.
- Government Liquidation: The United States, Germany and other jurisdictions sell bitcoins selling seized during court operations. These massive BTC sales, albeit accurate, disrupt the balance of supply and demand.
- The absence of an immediate catalyst: there is currently no significant regulatory or economic event that stimulates further demand or justifies important speculative position.
In this context, the outgoing GBTC flows and state sales weigh. There is a purchasing power, but its effect is absorbed. It is a form of mechanical neutralization, where excess prevents any bull from all generally favorable for institutional investment.
The market feeling and technical signals of bitcoins at half the mast
In addition to visible capital flows, there is another behind the scenes: market feelings and investors’ locations.
Despite the enthusiasm of institutional investors, short -term traders do not show a clear appetite for long positions, a key element that could explain current stagnation.
Derivative markets also broadcast disturbing signals: financing rates are becoming negative, which is a sign that many traders now pay sales positions. In other words, in the short term, there is a reduction in expectations and strengthens the inertia of the price.
This caution also leads to a significant decrease in volatility, which achieves historically low levels of bitcoins. The market seems to be inserted into the compression phase, often perceived as quiet accumulation before great movement.
For the time being, however, there will be no clear direction, neither up nor down. The absence of immediate catalysts, such as new regulations, macroeconomic shock or main technological innovations, maintains this visible torpor.
While the ETF captures, the market reality is more nuanced. Medium -term perspectives remain uncertain. Some analysts consider this to be a quiet storage phase, others are the highlight of the desynchronization between financial flows and speculative reality. If institutional sale is unpleasant and ascending beliefs return to the derivative markets, the potential of reflection remains unaffected.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
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