Bitcoin (BTC) has been played The $108,000 threshold for June 16th Tensions in the Middle East have subsided after reports emerged that Iran was open to negotiations with the US and Israel.
The Bitcoin move regained the price levels that surrendered on June 12th, and the market handled the first blaze of Israeli-Iran’s hostility.
“Bitfinex Alpha” Report Released on June 16th The formation said last week’s retreat measured only 9% from peak to trough. This is within a drawdown of the median cycle of 7%.
Traders briefly drove the index of fear and greed into the “fear” bracket on June 13th. However, the magnitude of decline coincided with the daily volatility observed in 41% of trading sessions during the current cycle, according to the report.
As of press time, Bitcoin had been trading at $108,621.47, up 3.32% over the past 24 hours.
Upward integration
Price action since mid-May has continued to vibrate from its January history highs, ranging from around $102,000 to nearly $109,590.
In the trading window from June 9th to June 12th, Bitcoin first advanced 4.7% to retest the record high of nearly $112,000. It was then reversed after news of Israel’s strike in Iran poses widespread risks in oil, stocks and codes.
Market participants unlocked the long leverage and pushed Nettaker volume, the most negative reading since June 6th, to minus $17 million.
The report shows that the large wallets were mostly accumulating while the forced sellers were assembled and large wallets were accumulating while the local bottom historical markers were acquiring most.
Order flow data implies limited drawbacks
The seven-hour nettaker volume average has remained negative since June 12th, highlighting short-term sales flows even if spot prices recover.
The report said support is between $102,000 and $103,000, adding that sustained transactions above that level suggest that they will continue to absorb the supply cleared by momentum accounts.
The advantage is that the failure to close decisively through $109,590 will bind the scope of Bitcoin and dissatisfied with the breakout strategy, which is presumed by immediate expansion.
The macro driver still injects volatility. Brent crude progressed with risks in the Middle East, with US Treasury yields rising. This is a factor that reduces financial position and liquidity from high beta assets such as crypto.
However, the report observed that Bitcoin’s relative drawdown and historical norms, coupled with the rapid re-entry of buyers after panic subsided, refers to the underlying demand resilience.
Market context supports accumulation
The current positioning contrasts with the double-top pattern that precedes the 2021 slide. Currently, the surface of fear is quickly superficial, suggesting a cleaner balance sheet and lower leverage.
The report argued that this sentiment profile could reduce the length of correction.
As Harving’s story offers additional buyer channels as additional fund inflows are still playing, traders will either check if the spot is closed above the integrated ceiling or retest the lower boundary nearly $103,000.
Until either event is realized, Bitcoin will continue to alternate support and resistance, providing systematic strategy liquidity and a progressive entry point for long-term allocators.
Bitcoin Market Data
When reporting 11:28pm, 16 June 2025 UTCBitcoin ranks number one in terms of market capitalization, and the price is above 3.26% Over the past 24 hours. Bitcoin has a market capitalization 2.16 trillion dollars 24-hour trading volume $486.1 billion. Learn more about Bitcoin›
Overview of the Crypto Market
When reporting 11:28pm, 16 June 2025 UTCCrypto market totals are evaluated by $3.39 trillion There is a 24-hour volume $1178.9 billion. Bitcoin’s advantage is currently underway 63.81%. Crypto Market Details›