On Saturday, June 14, Bitcoin (BTC) slipped by 0.59%, reversing the previous day’s modest 0.26% gain to close at $105,482. This decline mirrored the broader cryptocurrency market, which fell 0.87%, bringing total market capitalization to $3.23 trillion.
Geopolitical tensions—particularly rising concerns over the Iran-Israel conflict—dampened appetite for risk assets. Despite this pressure, Bitcoin held above the critical $100,000 level, supported by continued inflows into U.S. spot Bitcoin ETFs and rising corporate demand.
The U.S. spot Bitcoin ETF market broke a two-week outflow streak in the week ending June 13. According to Farside Investors, ETF issuers posted net inflows of $1.37 billion, a sharp reversal from the previous week’s $131.6 million in outflows.
BlackRock’s iShares Bitcoin Trust (IBIT) led the surge with $1.12 billion in weekly net inflows. June has already seen net inflows of $1.24 billion, following a robust $5.23 billion in May—demonstrating the growing influence of ETF activity on BTC price trends. This momentum helped propel Bitcoin to a record May high of $111,917.
Institutional interest in Bitcoin as a treasury asset continues to grow. Data from HODL15Capital shows that the top 100 companies now collectively hold over 818,000 BTC. Twenty of those companies have increased their holdings recently.
MicroStrategy remains the largest corporate holder with 582,000 BTC, followed by Marathon Digital and TwentyOne, which hold 49,179 and 37,230 BTC, respectively. Notably, Trump Media & Technology Group received SEC approval on June 13 to hold Bitcoin in its treasury. With access to approximately $2.3 billion in capital, the company could soon become one of the largest public holders of BTC.
Bitcoin remains above its 50-day and 200-day Exponential Moving Averages (EMAs), maintaining a bullish trend. The 14-day Relative Strength Index (RSI) stands at 50.32, indicating that BTC has room to rise toward the $111,917 level before entering overbought territory (RSI > 70).
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Ethereum (ETH) continues to trade above both its 50-day and 200-day EMAs, signaling ongoing bullish momentum despite a recent four-day losing streak. On June 13, ETH-spot ETFs broke a 19-day streak of net inflows, a move partially attributed to broader investor caution amid Middle East tensions.
ETH’s 14-day RSI sits at 49.76, suggesting the token could decline to its $2,308 support level before becoming technically oversold (RSI < 30).
Bitcoin’s near-term price direction remains influenced by macroeconomic trends, ETF flows, and corporate adoption. As institutional interest intensifies and ETF activity accelerates, the outlook remains broadly bullish—especially if Bitcoin can hold above key technical thresholds.
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