Featured News Headlines
- 1 Bitcoin Price Rangebound Between $102K and $110K — What’s Next?
- 1.1 New Wave of Bitcoin Treasury Companies Revitalizing the Market
- 1.2 Notable Institutional Investors Enter the Scene
- 1.3 Short-Term Profit Taking Ahead of July 9 Tariff Deadline
- 1.4 US Macroeconomic Data and Policy Updates Adding to Market Uncertainty
- 1.5 Bitcoin Price Remains Range-Bound
- 1.6 Current Bitcoin Price Action and Technical Levels
- 1.7 Conclusion: Balanced Tug-of-War Between Institutional Buyers and Long-Term Sellers
Bitcoin Price Rangebound Between $102K and $110K — What’s Next?
Bitcoin Price Struggles – Bitcoin price has been stuck around the $100,000 level for an extended period, largely due to selling pressure from long-term holders (LTHs), according to Charles Edwards, founder of Capriole Investments. Edwards highlighted in his recent analysis that despite strong buying from institutions and corporations, Bitcoin has struggled to gain upward momentum.
He pointed out that since the launch of spot Bitcoin ETFs in the US in January 2024, long-term holders have been “dumping on Wall Street,” unloading their positions. This ongoing selling pressure by LTHs is seen as the main factor suppressing Bitcoin’s growth.
New Wave of Bitcoin Treasury Companies Revitalizing the Market
Edwards shared charts showing a sharp increase in a new cohort of Bitcoin holders over the past six months. These are primarily corporate Bitcoin treasury companies, which he described as the “new generation of Bitcoin treasury firms.”
In fact, the amount of Bitcoin acquired by this new group in the last two months has more than compensated for all the Bitcoin sold by long-term holders over the past 18 months.
Edwards described this phenomenon as a “massive flywheel buying frenzy” driven by Bitcoin treasury companies, signaling that the impact of ETFs on the market narrative will eventually diminish. He also noted that this trend has accelerated as more copycat investors have entered the market.
Notable Institutional Investors Enter the Scene
Several major corporate investors recently entered the Bitcoin market, including:
- Real estate giant Cardone Capital
- Anthony Pompliano’s venture firm ProCap, which plans to go public
- Mineral exploration company Panther Metals
- Norwegian deep-sea mining company Green Minerals
Short-Term Profit Taking Ahead of July 9 Tariff Deadline
Jeff Mei, COO of BTSE crypto exchange, told Cointelegraph that in the short term, traders are taking profits ahead of the July 9 US tariff deadline. Many investors are hedging against a potential market downturn if trade tensions escalate.
Mei added that more publicly listed companies are adding Bitcoin to their treasury reserves. Although it will take time to accumulate sufficient Bitcoin, he expects the market to stabilize within the next year as more long-term holders enter.
US Macroeconomic Data and Policy Updates Adding to Market Uncertainty
Han Xu, director of liquid fund investments at HashKey Capital, told Cointelegraph that investors are closely monitoring this week’s US macroeconomic data releases and policy developments.
He emphasized that updates on trade deals before the reciprocal tariff deadline, as well as progress on Trump’s budget bill, are key risks. Xu warned that any unexpected developments could trigger a sell-off in the crypto market.
Bitcoin Price Remains Range-Bound
Bitcoin prices have mostly traded sideways, fluctuating between $102,000 and $110,000 since surpassing six figures for the second time this year in early May. Although the price occasionally spikes outside this range, the general trend remains stable.
Meanwhile, US spot Bitcoin ETFs have attracted over $3.2 billion in net inflows in the past two weeks, with no outflows reported. This indicates sustained institutional interest. The number of new Bitcoin treasury companies also continues to rise weekly.
Current Bitcoin Price Action and Technical Levels
On Monday, Bitcoin rose by 1.2% intraday to $108,750, marking its highest resistance level in two weeks. However, at the time of writing, it struggled to break above this resistance.
Conclusion: Balanced Tug-of-War Between Institutional Buyers and Long-Term Sellers
The Bitcoin market is experiencing a push and pull dynamic: long-term holders are exerting selling pressure, while a growing wave of institutional investors is fueling significant buying activity. US macroeconomic uncertainties and trade policies are causing short-term price stagnation within a narrow range. Nevertheless, increased corporate purchases and the rise of Bitcoin treasury companies suggest a healthier growth trajectory for the market in the medium to long term.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
