Takeaways from the conference:
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Bitcoin Coinbase Premium Index has reached the second-highest levels in 2025. This shows sustained US investors interest.
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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 caused by liquidations of short positions, and not by new long positions.
Coinbase Bitcoin is a Bitcoin wallet (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 been green. US investors are continuing to exert buying pressure. The index is in line with the positive trend. 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. The Spent Output value Bands (SOVBs) of the exchange also show a dramatic increase in inflows.
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.
Alternatively, binance inflows that are high may be due to retail investors panicking or taking profits, which can lead to a downward trend. The mixed scenario suggests caution to buyers. While the premium may indicate potential undervaluation, corrections can deepen if retailers continue selling.
Related: Bitcoin $105K ‘trend switch’ comes as Fed hints at July rate cut
Bitcoin short-covering may spark a move upwards
Bitcoin reached $105,000 Monday after reaching a low of around $98,300 Sunday. This was a significant 6.7% increase. 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. Trading against Bitcoin was likely liquidated, as $130m in short positions were wiped on June 23, forcing traders to buy BTC.
Amount of leveraged longs is increasing despite minimal growth in OI, which could be a sign that the market has reached its limit.
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 sentiment goes back into bearish territory. Volatility is still evident, so the short-covering rally could evolve into either a bull run of a pullback.
Related: Panther Metals up 21% after $5.4M Bitcoin play to buy minerals and gold
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Source: cointelegraph.com
