Bitcoin faces resistance at $105,000, with reduced institutional ETF inflows signaling caution in the market.
Ethereum shows resilience, but Bitcoin’s next move will depend on whether it can break its key resistance level.
Analysts remain optimistic about Bitcoin’s long-term potential, citing its limited supply and increasing adoption as a store of value.
The cryptocurrency market is experiencing a period of stagnation in June 2025, particularly for Bitcoin (BTC), which is struggling to surpass a crucial resistance level at $105,000. As institutional inflows into Bitcoin ETFs slow and price action remains subdued, traders and investors are uncertain about the next big move for Bitcoin.
Here’s a closer look at what’s happening with Bitcoin and what to expect in the coming months.
Bitcoin has encountered strong resistance at the $105,000 mark, making it challenging for the cryptocurrency to break above this level. Despite institutional interest, Bitcoin has failed to surpass the $106,000 threshold, which has kept its price stagnant at around $104,913. This resistance is dampening investor sentiment, as many traders remain hesitant to enter new positions without clear signs of a breakout.
According to SoSoValue data, Bitcoin spot ETFs saw a net outflow of $278 million on June 5, 2025. All twelve funds reported no net inflows. ARKB experienced the largest outflow of $102 million, followed by Fidelity's FBTC with an outflow of $80.17 million.
Currently, ARKB and FBTC have cumulative net inflows of $2.408 billion and $11.415 billion, respectively.
The total net asset value of Bitcoin spot ETFs stands at $122.978 billion, representing 6.16% of Bitcoin's total market capitalization.
The cooling pace of institutional flows is adding to the cautious mood in the market. Valentin Fournier, lead research analyst at BRN, commented on the situation, noting that the weakening pace of ETF inflows confirms a loss of momentum for Bitcoin.
Bitcoin ETFs have experienced a notable decline in inflows over the past few days, and this trend is likely to persist if Bitcoin’s price remains confined within this resistance zone.
Also Read: Bitcoin Dips: Why $107.5K and $103.5K Could Be Critical Levels
While Bitcoin struggles, Ethereum (ETH) has shown more resilience, with its ETH-BTC ratio trading near recent highs. Ethereum continues to dominate the DeFi and NFT sectors, even as the broader market remains sluggish. With its transition to Ethereum 2.0 and improvements in scalability, ETH remains attractive to long-term investors.
However, Ethereum’s relative strength doesn't overshadow the challenges Bitcoin is facing in breaking its key resistance levels.
As of now, Bitcoin is trading at $103,247; its futures market is showing decreased activity. The open interest in Bitcoin futures contracts has decreased slightly, signaling reduced participation from traders. This lack of activity further reinforces the market’s indecision.
However, there is a glimmer of optimism in the options market, with some investors increasing their demand for call options. This suggests that some traders are betting on a potential bullish reversal for Bitcoin, should it break above the $105,000 resistance level.
The SHT SOPR (Spent Output Profit Ratio) confirms the market’s indecision, showing that investors are torn between fear of a price plummet and the fear of missing out (FOMO) if Bitcoin’s price suddenly spikes.
Investors are now watching closely for any catalysts that could trigger a rally or a correction. The market is at a tipping point, and Bitcoin’s next move will largely depend on whether it can clear this $105,000 resistance.
Despite the seasonal slowdown and cooling of ETF inflows, many analysts remain optimistic about Bitcoin’s long-term outlook.
QCP Capital notes that Bitcoin’s supply growth has slowed compared to the global money supply growth, which could lead to positive price action in the future.
Bitcoin’s limited supply and increasing adoption as a store of value could drive its price higher once the market shakes off this short-term lull.
Bitcoin is currently in a period of indecision, with resistance at $105,000 holding it back from breaking new highs. The cooling of institutional ETF inflows and sideways price action suggest a short-term caution in the market. However, Ethereum’s relative strength and the ongoing adoption of Bitcoin as a store of value highlight the long-term potential for the cryptocurrency market.
In the short term, Bitcoin needs to break through the $105,000 resistance level for a rally to occur. Until then, traders and investors will continue to watch for any catalysts that can reignite momentum. Bitcoin's fate in 2025 hinges on these critical levels, and the market remains on edge, waiting for the next significant move.
Also Read: Crypto Goes Mainstream: JPMorgan to Offer Bitcoin-ETF Tied Loans