# 1. Bitcoin Price Correction and Institutional Accumulation**
- Bitcoin (BTC) corrected to **$108,940** after reaching an all-time high of **$111,971** last week. Despite the dip, institutional investors continue accumulating BTC via spot ETFs, with inflows reaching **$2.75 billion** in the past week .
- MicroStrategy purchased an additional **$427 million worth of BTC** at an average price of **$106,237**, reinforcing its bullish stance .
# **2. Market Sentiment and Predictions**
- Analysts note a **10% chance** of BTC surpassing **$130,000** and a **15% chance** of ETH exceeding **$3,100** by late June .
- A research report predicts BTC could hit **$135,000 by July 2025**, citing correlation with the **U.S. M2 money supply** (which grew 2.7% recently) .
# **3. Whale Activity and Volatility**
- A trader named **James liquidated 2,406 BTC**, triggering a brief drop before BTC rebounded to **$109,200**. The event highlighted market sensitivity to large whale moves .
- Whales holding **100K–1M BTC** began reducing holdings, signaling potential short-term bearish pressure .
# **4. Global Adoption Trends**
- **1 in 4 people** now own crypto globally, per Gemini’s 2025 report. Adoption grew fastest in the **UK (24%, up from 18%)** and the **U.S. (22%, up from 20%)**, partly driven by pro-crypto policies under the **Trump administration** (e.g., the Strategic Bitcoin Reserve) .
# **5. Regulatory and Macro Impacts**
- **JPMorgan** opened client access to **spot Bitcoin ETFs**, leveraging its **$6 trillion AUM** .
- Bitcoin’s price faces headwinds from macro events like **U.S. tariffs on EU goods** and pending **Fed meeting minutes** .
# **Key Takeaways**
- **Short-term**: BTC shows volatility but strong institutional demand.
- **Long-term**: Bullish targets ($135K) align with macroeconomic trends.
- **Adoption**: Crypto ownership is rising globally, especially in Europe and the U.S.
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