Key Insights:
- Bitcoin ETFs post $86.79M net inflow, led by BlackRock’s IBIT.
- Over 7,000 BTC withdrawn from Binance since June 6.
- Buyers dominate spot markets as accumulation continues.
On June 12, U.S. spot Bitcoin ETFs recorded a cumulative net inflow of $86.79 Million, the fourth day of inflows. Over 7,000 BTC have left Binance since June 6, signaling notable on-chain movement. Cumulative taker buy volume is increasing, reinforcing the trend.
Bitcoin ETFs Inflows Led by BlackRock’s IBIT as Demand Accelerates
June 12 saw the fourth straight day of net inflows into U.S. Bitcoin ETFs. The total inflows reached $86.79 Million across all funds.
According to daily issuance data, BlackRock’s IBIT led the day with $288.82 Million in inflows. Grayscale’s GBTC followed with a more modest $5.89 Million.
However, not all ETF products showed net buying. Fidelity’s FBTC saw a net outflow of $197.19 Million. Also, ARK Invest’s ARKB recorded a smaller outflow of $10.73 Million. Other issuers reported no material changes.
Exchange Outflows Signal Growing Long-Term Holding
ETF inflows continue alongside notable on-chain activity. Over 7,000 BTC left Binance between June 6 and 12, reflecting strong movement. As per the CryptoQuant data, it is one of the biggest multi-day exchange outflow clusters over the past weeks.
Netflows have been mostly negative, showing more Bitcoin is leaving Binance than entering. The red bars indicate sustained outflows over time.
When Bitcoin is removed from exchanges in large volumes, it is often transferred to private wallets or long-term custody solutions. This action decreases the supply available to trade and is usually accompanied by decreased short-term selling pressure.
Taker Buy Volume Shows Aggressive Market Participation
Another indicator of the strength of the market would be the cumulative taker volume delta (CVD) of Bitcoin. This indicates buy and sell dominance on the spot market.
Recent 90-day data shows that green bars have dominated activity. This reflects a phase where taker buy orders outnumber taker sell orders.
This is important because takers buy dominance signals, active, aggressive participation from buyers. Unlike passive limit orders, taker buys are market orders that indicate urgency to enter positions.
Sustained taker buy dominance has historically led to bull runs or price appreciation. Similar trends were observed in late 2020, mid-2021, and parts of 2023.
Technical Structure Suggests Accumulation Before Potential Breakout
Market analyst LordOfAlts thinks that the entire price structure of Bitcoin is only regaining a bullish trendline. It has been held since March.
The chart shows a steep cycle of correction (red), accumulation (yellow), and breakout phases (green). The current price stands at $104,200, reflecting this pattern.
The price is consolidating in an ongoing accumulation stage after the previous advance. Trendline support remains intact, reinforcing stability.
The projected trendline suggests an upside breakout at $122,753.88. A short-term target of $135,000 is expected to follow. Short-term pullbacks should be considered normal in a healthy uptrend instead of reversal indicators.
After consolidation, the next upward rise is projected to resume. The forecast is valid as long as the price remains above the trendline. The breakdown below requires confirmation before suggesting any change in the current trend.
As per the Bitcoin price prediction, the price will rise by 7.86% and attain a value of $112,897 on July 12, 2025. According to the technical indicators, the market sentiment is neutral, and the Fear & Greed Index records 61 (Greed).
In the last 30 days, Bitcoin has had 16 green days out of 30 (53%) with the average price moving 2.18% in volatility.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
Olivia Stephanie is a FinTech enthusiast with a keen understanding of financial markets. Her passion for economics and finance has led her to explore emerging blockchain technology and cryptocurrency markets.