After nine straight weeks of inflows and technical resilience, Bitcoin hovers near all-time highs as whales, retail, and institutions alike double down on conviction.
Last week marked the ninth consecutive week of inflows into digital asset investment products, totaling $1.9 billion, bringing year-to-date flows to a record-breaking $13.2 billion.
Bitcoin BTC $113 381 24h volatility: 3.0% Market cap: $2.26 T Vol. 24h: $66.36 B alone absorbed $1.3 billion, signaling a strong rebound after minor outflows earlier in the month. Ethereum ETH $3 526 24h volatility: 5.8% Market cap: $425.72 B Vol. 24h: $42.38 B wasn’t far behind, pulling in $583 million, its largest weekly haul since February.
Digital asset investment products saw US$1.9bn in inflows last week, marking the 9th consecutive week and a record YTD total of US$13.2bn. Bitcoin rebounded with US$1.3bn in inflows, while Ethereum saw US$583m inflows, its strongest since February. https://t.co/mz9A80gw4z
— Wu Blockchain (@WuBlockchain) June 16, 2025
Despite headwinds from global macro uncertainty, digital assets continue to attract capital alongside safe-haven assets like gold, which is nearing its all-time high despite escalation of tensions in the Middle East.
Regionally, the US took the lead with $1.9 billion in inflows, while smaller contributions came from Switzerland, Germany, and Canada. Notably, Hong Kong saw $56.8 million in outflows, signaling a divergence in sentiment within APAC despite broader bullish trends.
Derivatives Are Screaming Bullish
Supporting this uptrend, Glassnode data confirms that BTC’s 25 Delta Skew has flipped decisively bullish, especially in short-dated options. The 1-week skew jumped from -2.6% to +10.1%, while the 1-month moved from -2.2% to +4.9%.
Over the past week, $BTC 25 Delta Skew has flipped decisively bullish – especially in short-dated options – despite a slight price decline.
🔸1-week: -2.6% → +10.1%
🔸1-month: -2.2% → +4.9%Traders are aggressively positioning for near-term upside or volatility. pic.twitter.com/8R3TvckxUp
— glassnode (@glassnode) June 16, 2025
These rising skews imply that traders are increasingly betting on near-term upside or volatility, even in the face of a slight price pullback.
Whales & Retail: United in Holding
According to on-chain analyst Darkfost, BTC inflows to Binance from both whales and retail investors are at historic lows, suggesting neither group is eager to sell.
The synchronized holding behavior, rare and historically significant, suggests a strong market-wide conviction in Bitcoin’s longer-term trajectory, impacting sentiment across various sectors, including crypto casinos.
Darkfost notes that synchronized inflows have historically signaled local tops. Their absence now suggests we’re far from a cycle peak, with both whales and retail quietly accumulating in anticipation of macro clarity or a potential price breakout.
Technical Analysis: Eyes on $112K and Beyond
From a technical standpoint, Bitcoin remains structurally bullish, currently priced at $106,941. The immediate resistance lies near $107,400 (Fib 0.236 level), which BTC is currently testing. A breakout here opens room to retest all-time highs around $112K.
Strong support appears near $101,400 (Fib 0.786) and $98,900 (Fib 1.0). These levels are key if any pullback occurs. Should the rally continue, extended Fibonacci targets rest at $117K, $128K, and $137K, representing the 1.618, 2.618, and 3.618 extensions, respectively.
BoP, OBV Levels on BTC Daily Chart | Source: TradingView
Balance of Power (BoP) stands at +0.59, favoring bulls with sustained positive momentum. Meanwhile, On-Balance Volume (OBV) remains elevated around -450K, suggesting net accumulation pressure remains intact despite the recent price consolidation.
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