Bitcoin Holds Above $100,000 Amid Institutional Accumulation

Bitcoin's price has been holding steady above the $100,000 mark since May 8, with the lowest point reaching $98,300 on June 22. This stability suggests that the cryptocurrency is close to new highs, potentially above $111,800. Despite a 9% correction to $100,000, one key metric indicates that the price range between $100,000 and $110,000 could be the new bottom before Bitcoin undergoes another parabolic leg in the second half of 2025.

Data from CryptoQuant shows that market activity is pointing toward renewed long-term confidence. The monthly outflow/inflow ratio has fallen to 0.9, a level not seen since the end of the bear market in 2022. This ratio, which measures the balance between coins moving out of and into exchanges, acts as a sentiment gauge. A reading below one indicates that investors are moving assets off exchanges, typically reflecting accumulation behavior. In contrast, values above 1.05 have previously coincided with increased sell pressure and local market tops.

This latest drop mirrors the levels seen in December 2022, marking Bitcoin’s macro bottom near $15,500. That inflection point preceded a sustained multimonth rally, supporting the thesis that a low ratio often precedes a price reversal. The current dominance of outflows and rising long-term holder participation offers a compelling case for a structural bottom forming. If historical patterns hold, Bitcoin may be approaching a key demand-driven pivot with the potential to mark the beginning of its next bullish leg.

Despite sustained sell-side aggression on Binance derivatives over the past 45 days, Bitcoin has held its ground within a tight $100,000–$110,000 range. Cumulative Volume Delta (CVD) data remains negative, signaling consistent short-selling pressure from takers. Yet, the inability of the price to break lower suggests that this flow is being absorbed, implying accumulation. This structural resilience may be reinforced by onchain activity pointing toward institutional movement. Over 19,400 BTC worth roughly $2.11 billion was transferred on Tuesday from dormant wallets into institutional-grade addresses. These coins had previously remained untouched for three to seven years, underscoring the significance of the move.

Such transfers are typically not impulsive and are often associated with strategic positioning, suggesting that large entities may step in as price holds steady amid visible short-term pressure. The persistent sell flow, muted downside reaction, and large-scale accumulation strengthen the argument that Bitcoin is forming a bottom near $100,000. While short-term volatility may persist, the underlying bid, possibly institutional, could make a sharp correction below this level increasingly unlikely.