Long-term Bitcoin holders, those who kept their coins for over 155 days, have significantly ramped up selling. Historically, this activity suggests the market may have peaked and could be due for a correction soon, Coinlive reports.
The number of bitcoins held on centralized exchanges has fallen to less than 2.9 million, the lowest level in six years. Glassnode's analysis points to a significant reduction in supply of the main cryptocurrency.
According to data from CoinMarketCap, Bitcoin miners' daily earnings plummeted from $78 million to $34 million in June, reaching the lowest level since April 20. The drop follows a broader downturn in the crypto market and is exacerbated by the spring halving.
The US Federal Housing Finance Agency (FHFA) has issued an order to consider cryptocurrency as an asset when issuing loans for home purchases. These changes could increase engagement with cryptocurrencies as accepted financial tools.
Hester Peirce of the US Securities and Exchange Commission (SEC) predicts that in-kind redemptions for Bitcoin ETFs are “on the horizon”. This mechanism would allow investors to exchange their ETF shares for actual bitcoins instead of cash.
In March, Bitcoin hit an all-time high before retreating to a key support level of $100,000. American entrepreneur David Sachs says that although the token has struggled lately, traders believe a recovery is likely, partly due to expected hikes in US government crypto holdings.
As reported by CoinDesk, the crypto market remained volatile on Monday after Donald Trump claimed a deal between Iran and Israel was reached. Bitcoin gained nearly 3%, climbing back above $106,000 after dipping to $98,500 earlier.
Strategy has purchased $26 million worth of bitcoins over the past seven days. This is the company's second-smallest weekly transaction since it increased its purchases of the cryptocurrency more than six months ago.
According to The Motley Fool, several catalysts could drive bitcoin's growth. These include potential monetary policy easing by the Federal Reserve, the continuation of the bull market trend, and shifts in macroeconomic and geopolitical conditions.
On June 21, Texas Governor Greg Abbott signed a bill authorizing the state to purchase Bitcoin for a strategic reserve. The legislation, effective September 1, 2025, permits the use of state budget funds to buy cryptocurrency, equating it to traditional reserve assets like gold.
Bloomberg data shows bitcoin network transaction volume has declined from 600,000–700,000 daily in 2024 to approximately 500,000 in 2025. However, settlement values remain elevated, with over $7 billion worth of cryptocurrency transactions processed daily this year.
Bitcoin is the first and most commonly used cryptocurrency in the world. It holds a prominent place in the digital economy and draws the attention of traders and investors. High volatility and a wide range of influencing factors make the forecasting of its price complicated and requiring complex analysis.
Successful bitcoin trading is based on analyzing market trends, fundamentals, and technical factors.
Key elements that determine the value of bitcoin include:
Major investors and funds also have a considerable impact on the movement of bitcoin prices. Their massive purchases or sales can cause sharp fluctuations in the exchange rate. In addition, the general sentiment in the crypto market determines the dynamics of BTC, creating periods of high activity and deep corrections.
Forecasting the price of bitcoin is a complex task, as it is formed under the influence of many factors. Successful trading strategies and investment decisions require a thorough analysis of the macroeconomic situation, politics, and investor sentiment.
