Takeaways from the conference:
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Bitcoin Coinbase Premium Index reached its second highest level in 2025, showing sustained US investor interests.
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Binance’s retail inflow percentage reached a 2-year high, with a sharp increase in 0–1 BTC exchange deposits, hinting at active retail trading or profit-taking behavior.
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Bitcoin’s surge to $105k was fueled by liquidation of short positions, and not new long positions.
Coinbase Bitcoin (BTC) Premium Index reached On Monday, BTC was available for a higher price at Coinbase than Binance. Since the beginning of June, this index has remained in green. US investors are continuing to exert buying pressure. Positive sentiment is reflected in this. spot ETF flows For most of this month, I was studying noted A 0.27 correlation between ETF flows and price rises suggests market optimism.
CryptoQuant’s data indicates that Binance retail inflows have surged to their highest levels in over two years. Bitcoin price decline. Onchain metrics show that exchange flows have also increased, especially in the range of 0-1 BTC, as shown by the Exchange’s Spent Value Bands.
With Binance dominating global retail trading volume compared to Coinbase, its user base’s behavior—potentially driven by lower entry barriers—could influence market trends. Onchain analyst Maartunn explained that,
“These inflows suggest proactive behavior rather than passive accumulation. The move to deposit BTC on Binance typically signals an intention to trade, not to hold. While retail participants are often seen as lagging market movers, this time they may have been ahead of the curve.”
These two metrics give contrasting insight into the price of Bitcoin. Coinbase’s premium may indicate strong investor interest via ETFs.
In contrast, Binance’s high inflows could be a reflection of retail investors selling out for profit or to avoid losing money, which would contribute to downward pressure. It is important to be cautious when buying in this mixed scenario. Although the premium could indicate undervaluation potential, it may also mean that retail investors are continuing their selling.
Related: Bitcoin $105K ‘trend switch’ comes as Fed hints at July rate cut
Bitcoin short covering could cause a sudden move
Bitcoin surged up to $105,000 in the morning after reaching a new low at $98,300. That’s a significant 6.7% gain. This uptick was coupled with a drop of 10% in the open interest, indicating that this surge is primarily due to shorts covering their positions rather than new bullish ones. The traders who bet against Bitcoin were likely to face liquidations. $130 million worth of short positions was wiped out by June 23. This forced them to purchase BTC in line with the price surge.
On the basis of minimal increase in open interest, it is possible that market fatigue has set in.
Bitcoin’s bullish trend will continue if there is a sustained volume of buying and an increase in OI. This would confirm new long positions. It is possible that a retest at the resistance of $108,500 will occur. Strong momentum could signal a long-term rally.
A bearish view could be formed if the funding rate spikes further, without OI, and if this is not supported by OI, it suggests a potential reversal. If the price drops to $102,000, and volume declines, it could lead to a larger correction. This is especially true if sentiments turn bearish. Volatility is still evident, so the short-covering rally could evolve into either a bull or a pullback.
Related: Panther Metals up 21% after $5.4M Bitcoin play to buy minerals and gold
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Source: cointelegraph.com
