The crypto market has been dramatically volatile and all is linked to BTC’s activities. The coin has to a great extent been determining the direction of many altcoins in the market. One minute everyone is expecting a prolonged bull run and the next, the price is already retracing again.
Now that BTC is a point of focus, it makes sense to know what the price is doing to be able to determine what could be expected in the market next.
What you'll learn 👉
Bitcoin Price Is Stuck in a Tight Range
According to an update shared by The Crypto Express on X, Bitcoin is currently consolidating inside a descending triangle between $100,000 and $105,000. This is a pattern that usually forms when a coin’s price keeps getting rejected at a downward-sloping resistance line while finding support at a horizontal level. The chart attached to the post shows this pattern clearly, with BTC struggling to break above the resistance line each time it tries.
However, there’s still a ray of hope for the bulls. The Ichimoku Cloud indicator, which helps traders assess the overall trend and momentum, is currently providing support. This shows that despite the sideways movement, there is still some underlying bullish strength in the market. A breakout above the triangle could mean the bulls are back in charge and may lead to a strong upside move. On the other hand, if the support gives way and BTC breaks below the triangle, it could trigger a wider correction.
Institutional Buying Returns to Bitcoin
While retail traders remain cautious, some big institutions have started buying again. Crypto Patel, another analyst on X, pointed out that there were significant inflows into both Bitcoin and Ethereum on June 12. According to him, a total of 795 BTC worth about $86.3 million moved into institutional wallets that day. Ethereum saw even more attention with 40,540 ETH worth $112.3 million being added.
Institutions are BUYING #Bitcoin & #Ethereum again! 🚀
— Crypto Patel (@CryptoPatel) June 13, 2025
On June 12:
📊 795 $BTC ($86.3M) net inflows
📊 40,540 $ETH ($112.3M) net inflows
Big players:
👉 BlackRock: +2,650 BTC & +36,640 ETH
👉 Fidelity: Sold 1,820 BTC, Bought 3,900 ETH
BlackRock is loading up. Fidelity is… pic.twitter.com/d1tkE1SO8J
Looking at specific names, BlackRock added 2,650 BTC and 36,640 ETH to its holdings, showing strong interest in both coins. Fidelity, however, took a different approach. They sold 1,820 BTC and used the opportunity to increase their ETH position by buying 3,900 ETH. This could suggest that while some firms are using BTC profits to rebalance, they still see long-term potential in Ethereum.
But the key takeaway is that BlackRock is loading up on Bitcoin. This kind of aggressive buying from large institutions usually signals confidence in the asset’s future performance.
BTC Traders Are Betting Long Again
On-chain data also gives more insight into current market sentiment. The analytics firm Santiment reported that Bitcoin traders began going long again right after the recent dip. This simply means many traders believe that the bottom may be in, and they are positioning themselves for a possible bounce.
📊 Bitcoin traders have mostly gone long on prices ever since yesterday's dip bottomed out, and have been slightly rewarded. Meanwhile, Ethereum traders have shifted from longing to shorting based on whatever the asset's price has done most recently.
— Santiment (@santimentfeed) June 13, 2025
Exchange funding rates are… pic.twitter.com/gfMEemgFEE
However, Santiment also warns that this type of behavior often leads to liquidation spikes. When everyone starts betting in the same direction, especially with leverage, the risk of the opposite move increases. If the market does not go as expected, it results in forced liquidations, which can cause sharp price swings.
Interestingly, while BTC traders are getting more bullish, ETH traders have turned bearish. The report notes that Ethereum traders are now shorting the asset after its recent gains, possibly expecting a pullback. This contrast in sentiment between BTC and ETH could hint at a shift in where the money is flowing in the short term.
What’s the Next Direction for Bitcoin Price?
At the moment, BTC is hovering around the lower edge of the triangle formation. If the Ichimoku support holds and Bitcoin can break above the resistance line, this could be the beginning of a new bullish phase. The return of institutional buying adds more fuel to that possibility.
Read Also: Is Chainlink a Scam? This Chart Says So
But the market is not out of the woods yet. If BTC loses its support, then the next leg could be down, and a correction might set in. All eyes are now on how price reacts to this zone.
For now, the Bitcoin price remains range-bound, but the next move could be decided very soon. Watching institutional flows and trader behavior may provide the clearest clues.
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