Bitcoin Surges 5.7% to $105,062 After BlackRock's $239M BTC Acquisition

Bitcoin's price has been experiencing fluctuations in recent days, influenced by various global developments. Earlier in the week, the cryptocurrency showed positive momentum, rebounding after BlackRock’s significant Bitcoin ETF inflow captured market attention. This move aligned with renewed ETF inflows and rising institutional accumulation, pushing the price above $105,000 following a volatile week marked by liquidation activity and price consolidation.

BlackRock's acquisition of $239 million worth of BTC on June 13, 2025, significantly boosted the company’s total Bitcoin exposure. Following this announcement, Bitcoin's price surged to $105,062, with BTC/USD trading volume increasing by over 34% within 24 hours, indicating a strong market reaction. This acquisition coincided with a sharp rise in Bitcoin ETF activity, with BlackRock’s iShares Bitcoin Trust (IBIT) recording a 5.7% increase in trading volume, surpassing 1.2 million shares. According to Santiment, total weekly net inflows into U.S. Bitcoin spot ETFs reached $970 million, with IBIT accounting for more than $900 million. On Thursday alone, IBIT added 2,681 BTC and registered a daily trading volume of $2.2 billion. IBIT’s assets under management have grown from $70 billion to $73 billion, despite recent market volatility, and it currently holds 666,842 BTC. Other ETFs like Fidelity’s FBTC and Bitwise’s BITB also recorded an influx of $25.2 million and $14.9 million, respectively, on Friday.

From April to June 2025, Bitcoin ETF inflows have returned at moderate levels, averaging between $200 million and $500 million per day. Despite occasional outflows, green bars continue to dominate, providing stability to Bitcoin price, which remains in the $100,000–$105,000 range. This follows the January–March 2025 period, where outflows near $1 billion on several days triggered price volatility and a failure to set new highs, likely due to investor de-risking and regulatory concerns. On-chain accumulation data supports the current market structure. Over $3.3 billion in BTC has flowed into wallets classified as accumulation addresses, now holding a combined 2.91 million BTC. These wallets, generally linked to institutions or large holders, have an average entry price of approximately $64,000. The steady accumulation and consistent ETF inflows suggest institutional participants are positioning for long-term exposure, while overall momentum remains neutral with no immediate breakout signal.

CoinGlass chart shows alternating liquidation waves. Early May saw balanced long and short liquidations, reflecting a range-bound market. From May 23 to June 1, green bars increased, indicating long liquidations as bulls used excessive leverage during minor pullbacks. A major spike occurred on June 6, with nearly $300M in short liquidations, triggering a short squeeze. This was followed by $200M in long liquidations on June 10, showing how quickly sentiment flipped. From June 12–13, another $250M in short positions were wiped out as volatility continued. The red and green zones on the chart indicate liquidation clusters. Below $103,377, 50x–100x leveraged long positions face $20M–$50M liquidation risks per tier. Above $105,250, short exposure exceeds $1B, signaling high squeeze potential. This pattern shows a highly leveraged market punishing both bulls and bears, with fast liquidations triggered in both directions.

As per latest data, Bitcoin price was trading near $105k on the daily chart, showing a slight pullback from recent highs around $108,000. Several red-bodied candles that have upper wicks show higher level rejection, which implies selling pressure into resistance. Bitcoin price is still above the 102,000-104,000 area, which was a consolidation in the past. Technical indicators show an accumulating negative momentum. The MACD indicates a bearish crossing over, whereby the MACD line is below the signal line and the histogram is negative at -283. That implies losing short-term momentum. RSI is near 50, which has crossed the downward moving average at 53.71, indicating a slight bearish trend. RSI is not in the oversold territory yet, and the indicator has more space to move. The sentiment is still affected by external macro uncertainty and geopolitical tension. The chart formation is neutral to bearish without any definite reversal signs. The price is ranging within a specified range, but the momentum indicator has been indicating caution as the strength of the recent bullish trends seems to be dwindling.