Bitcoin investor demand points to rally to $118K
The post Bitcoin investor demand points to rally to $118K appeared on BitcoinEthereumNews.com.
Key takeaways: A 20-day Bitcoin Coinbase Premium streak signals strong institutional investor and retail investor interest. Falling BTC inflows from short- and long-term holders reduce downside risk. A bullish divergence and triangle breakout pattern target $118,000 in June. Bitcoin (BTC) price looks primed for another breakout in June due to strong demand from US investors and diminishing selling pressure from short- and long-term holders. The Coinbase Premium Index (CPI), which measures the price difference between BTC on Coinbase and other exchanges like Binance, has maintained a positive streak for the past 20 days — the longest in 2025. This sustained premium indicated consistent buying activity from US-based institutional and retail investors, signaling strong market confidence. Bitcoin Coinbase Premium index. Source: CryptoQuant According to crypto analyst Burak Kesmeci, Coinbase saw a net outflow of 8,742 BTC on May 26, the third-largest outflow over the past month. Implying demand from institutional investors, Kesmeci said, “Large-scale outflows from Coinbase are often followed by either ETF inflow surges or announcements from corporations like Strategy declaring new BTC purchases.” Similarly, Bitcoin researcher Axel Adler Jr. asserted that the demand for BTC remains robust enough to sustain the ongoing bull run without significant disruption. Adler Jr. explained that the Bitcoin Short-Term Holder SOPR (30-day moving average), a metric that gauges profit-taking among investors holding BTC for less than 155 days, recently reached a local high, signaling an uptick in realized profits. The analyst emphasized, however, that the indicator remains relatively subdued compared to levels seen during previous price peaks, suggesting the current rally lacks signs of excessive euphoria. CryptoQuant data confirmed these market trends, showing reduced inflows from long-term holders (LTHs) and short-term holders (STHs) on Binance. During downturns in August 2024 and the tariff-driven panic in April, each cohort sent over 12,000 and 14,000 BTC…
Filed under: News - @ May 30, 2025 12:27 pm