Bitcoin Sees $1.1 Billion Inflows Despite Price Weakness

Bitcoin (BTC) has maintained strong demand from institutional investors despite growing concerns about short-term market capitulation. Market data indicates that Bitcoin’s investment products experienced a second consecutive week of cash inflows, totaling approximately $1.1 billion. This trend has resulted in a net monthly flow of about $2.38 billion and a year-to-date cash inflow of around $12.7 billion. The United States led in net cash inflows, with about $1.25 billion, while other regions posted net cash outflows.

Bitcoin's price has shown resilience, rebounding over 3% to trade at approximately $104,100 during the mid-North American trading session on Monday, June 24. However, the flagship coin faces significant resistance between $110,000 and $112,000. In the weekly timeframe, the BTC price has been forming a potential macro double top coupled with a bearish divergence of the Relative Strength Index (RSI).

Despite the positive cash inflows, the market sentiment remains bearish due to over $12 billion in cumulative short liquidation leverage. Analysts predict that the wider crypto market, led by BTC, will record lower lows in the coming months, potentially establishing a local low in August or September 2025. If the BTC price consistently closes below $100,000 in the coming week, a selloff towards the support level around $96,000 will be inevitable.

Bitcoin has recorded its second consecutive week of cash inflows, with a total of $1.1 billion in fresh capital. This influx marks a significant milestone, as it is the longest streak of inflows since 2021. Ethereum also saw substantial inflows, with $124 million added to its funds, marking its ninth consecutive week of gains. Despite geopolitical tensions, the cryptocurrency market has shown resilience. The inflows into Bitcoin and Ethereum indicate a continued appetite among institutional buyers, even as the price of Bitcoin has shown recent weakness.

The pace of inflows slowed in the latter half of the week, attributed to rising geopolitical uncertainty. However, the overall trend remains positive, with digital asset investment products seeing their tenth consecutive week of inflows, totaling $1.24 billion. This brings the year-to-date inflows to a record $15.1 billion, highlighting the growing interest in cryptocurrencies despite global risk sentiment shifts.

Bitcoin's inflows are particularly noteworthy, as they occurred despite recent price weakness. This suggests that institutional investors are confident in the long-term prospects of Bitcoin, even in the face of short-term volatility. Short-Bitcoin products saw modest outflows of $1.4 million, further reinforcing the bullish bias in the market. Ethereum's inflows also underscore the continued interest in the cryptocurrency, with its recent total reaching $2.2 billion.

Solana and XRP also attracted fresh capital, with inflows of $2.78 million and $2.69 million respectively. This broader altcoin interest indicates that investors are diversifying their portfolios beyond Bitcoin and Ethereum, seeking opportunities in other digital assets. The inflows into these altcoins suggest that there is still significant interest in the cryptocurrency market, even as global risk sentiment shifts.

Analysts have noted that Bitcoin has been range-bound since May 9, trading between $100,500 and $110,800. The asset is currently hovering near the midpoint of that range, leaving traders uncertain about the next major move. Key liquidity levels, including the January 20 high, were cleared out during the May 21 price action. This opens the door for a potential correction toward $91,300, retracing the rally that began on April 7. However, there is also a case for a bullish breakout, as the current state of altcoins suggests that a rotation back into Bitcoin could push it higher.

Bitcoin dominance remains elevated at nearly 65%. A significant pullback to $91,300 would likely trigger a steep selloff across altcoins unless dominance retreats in parallel. This highlights the interconnected nature of the cryptocurrency market, where movements in Bitcoin can have a ripple effect on other digital assets. Until there is a significant drop in dominance, the broader market is likely to remain under pressure.