Bitcoin Price Shows Minimal Gains in June 2025
Bitcoin (BTC) is on track for its weakest monthly performance in nearly a year, posting just over 2% growth for June 2025. As of the latest market update, BTC trades near $107,000, signaling a subdued price trend amid seemingly bullish macro indicators.
This modest increase marks Bitcoin’s smallest monthly gain since July 2024, raising questions about the disconnect between strong institutional inflows and on-chain selling pressure.
ETF Inflows Remain Strong But Fail to Lift BTC
Despite the price stagnation, U.S.-listed Bitcoin spot ETFs have continued to report robust investor interest. Over the past few weeks, net inflows crossed $3.9 billion, reflecting ongoing institutional confidence.
Additionally, global corporate treasuries have maintained their pace of Bitcoin adoption. However, these positive inflows appear to be counteracted by strategic selling from key market participants, leading to sideways price action.
On-Chain Metrics Reveal Whale and Retail Selling
On-chain analysis indicates diverging behavior across wallet cohorts. According to recent blockchain data, the Accumulation Trend Score — a key metric that tracks wallet behavior over the past 15 days — shows that:
- Wallets holding 10 to 10,000 BTC are in mild accumulation mode but are acting opportunistically.
- Whale wallets (10,000+ BTC) are leaning toward distribution, showing a cautious stance.
- Smaller retail holders continue to be net sellers, adding pressure to the market.
This combination of opportunistic trading and distribution by larger entities is limiting Bitcoin’s upside potential, despite favorable macro and institutional trends.
Profit-Taking Slows as Market Enters Consolidation
Between January and April 2025, most wallet cohorts were engaged in heavy selling, leading to a correction from highs. Accumulation activity only picked up again after Bitcoin found a bottom near $76,000 in April.
Now, the market is showing signs of entering a new consolidation phase. On-chain data reveals that realized profits in this cycle have reached $650 billion, exceeding the $550 billion seen in the previous cycle. However, profit-taking is slowing, pointing to reduced selling pressure and possible trend stabilization.
Outlook: Uncertainty Dominates As Bulls and Bears Tug of War
While strong ETF flows and slowing profit realization support a potential bullish continuation, ongoing distribution by whales and retail selling indicate caution. The current sideways momentum could persist unless clear buying momentum emerges from larger players.
In the near term, $107,000 acts as a psychological pivot, with resistance building around previous highs and support forming near recent consolidation levels.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.