Key Market Trends
- Bitcoin's Apparent Demand metric turns negative as buying pressure fails to match miner supply
- MicroStrategy acquires 4,980 BTC ($531.9M) in eleventh consecutive weekly purchase
- **BTC investment products see $2.2B weekly inflows**, reaching $14.9B YTD in 2025
Bitcoin (BTC) traded above $107,000 on Monday despite weakening demand signals, as institutional players continued accumulating the cryptocurrency. The divergence between retail and institutional behavior highlights Bitcoin's complex market dynamics.
Analyzing Bitcoin's Demand-Supply Equilibrium
Recent data from CryptoQuant reveals a significant shift:
- Miners' selling pressure has increased following the 2024 halving event
- Long-term holders (LTHs) are taking profits at current price levels
- New buyer demand isn't absorbing the increased supply
👉 Why Bitcoin's supply crunch could accelerate in 2025
Analyst Crazyblockk notes: "The flow of coins from miners and profit-taking LTHs now exceeds new buyer absorption capacity. This typically precedes periods of heightened volatility."
Institutional Accumulation Continues Unabated
MicroStrategy (MSTR) maintains its aggressive BTC acquisition strategy:
| Metric | Value |
|---|---|
| BTC Purchased (June 23-29) | 4,980 BTC |
| Purchase Amount | $531.9M |
| Average Price | $106,801/BTC |
| Total Holdings | 597,325 BTC |
The company approaches the symbolic 600,000 BTC milestone while 130+ public companies now hold Bitcoin treasuries, including:
- Metaplanet
- GameStop
- Semler Scientific
- ProCap BTC
- Galaxy Digital
ETF Inflows Defy Retail Demand Slowdown
Bitcoin investment products show remarkable resilience:
- $2.2B weekly inflows (June 24-30)
- $14.9B YTD inflows (83% of all crypto product inflows)
- $17.8B total crypto inflows in H1 2025
👉 How institutional flows are reshaping crypto markets
Deribit's Nick Forster observes: "Options traders show caution with 20% open interest in protective puts at $85K-$106K, suggesting preparation for potential downside."
FAQ: Understanding Current Bitcoin Dynamics
Q: Why is Bitcoin demand slowing despite ETF inflows?
A: Retail demand metrics differ from institutional flows. ETFs represent long-term holders while Apparent Demand tracks immediate buyer interest.
Q: What does MicroStrategy's continued buying indicate?
A: Corporate treasuries view BTC as a long-term store of value, unaffected by short-term volatility.
Q: How might miner selling impact prices?
A: Increased supply could pressure prices unless matched by ETF/institutional demand.
Q: Are BTC options traders predicting a drop?
A: Put option concentration suggests some expect a correction, possibly due to macroeconomic factors.
BTC traded at $107,500 at publication time, with market participants closely watching these competing forces.
Disclaimer: This content represents market commentary only. Cryptocurrency investments carry substantial risk—always conduct independent research before making financial decisions.