Takeaways from the conference:
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This 20-day Bitcoin Coinbase premium streak indicates strong investor interest among institutional and retail investors.
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A fall in BTC from long- and short-term BTC holders can reduce the downside risk.
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Bullish divergence with triangle breakout target is $118,000 for June.
Bitcoin (BTC) Price looks set for a breakout again in June thanks to strong US investor demand and decreasing selling pressure by short-term and longer-term investors.
You can also find out more about the following: Coinbase Premium Index (CPI), which measures the price difference between BTC on Coinbase and other exchanges like Binance, has maintained a positive streak for the past 20 days—the longest in 2025. The sustained premium was a sign of consistent purchasing activity by institutional and retail US investors. This showed a strong level of market confidence.
Burak Kesmeci is a crypto analyst who believes that Coinbase has seen a significant increase in its trading volume. net outflow 8742 BTC were sent out on May 26, which was the third highest amount in the previous month. Kesmeci implied that institutional investors were driving the demand.
“Large-scale outflows from Coinbase are often followed by either ETF inflow surges or announcements from corporations like Strategy declaring new BTC purchases.”
Axel Adler Jr. a similar claim, asserting that demand for BTC is strong enough to maintain the current bull run.
Adler Jr. explained The Bitcoin Short-Term Holder SOPR (30 day moving average), which measures profit-taking by investors who have held BTC less than 155-days, has recently hit a new local high. This indicates an increase in actualized profits.
The analyst noted, however, that the index remains subdued in comparison to previous levels, which suggests the current rally is not characterized by excessive optimism.
CryptoQuant data The market trend of reduced flows from both long-term and short term holders on Binance confirmed this.
In August 2024 during the economic downturn and in April when tariff-driven panic swept across the world, both cohorts sent Binance over 12,000 BTC each.
Inflows of 8,000 BTC are the same as those seen in milder corrections.
Related: Bitcoin can reach $200K in 2025 after ‘obvious’ price breakout signal
Bullish Bitcoin Chart Pattern Targets $118,000
Bitcoin’s technical pattern is that of a descending triangular formation, which could lead to a price breakout towards $118,000. In the LTF 1-hour chart the pattern is a downward-compressing resistance, and a zone between $106,000 and $104,000 acts as a price support for the long term. An established daily order box (red) also serves as a strong area of interest to potential buyers.
The divergence in price and relative strength index (RSI) is a strong signal that confirms the bullish view. BTC’s price has been making lower lows while the RSI trend has risen, indicating a possible bullish reversal.
A short-term divergence below the $107,000 pattern trendline could also lead to an ordinary liquidity sweep. Price dips in the $106,000 to $100,000 range but then bounces back sharply could confirm the bullish divergence. It would also trigger a breakout for the $118,000 projected target.
Related: 5 signs that suggest Bitcoin price has ‘room for further expansion’
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Source: cointelegraph.com
