Key Takeaways:
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A 20-day Bitcoin Coinbase Premium streak signals strong institutional and retail investor interest.
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Falling BTC inflows from short- and long-term holders reduce downside risk.
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A bullish divergence and triangle breakout pattern target $118,000 in June.
Bitcoin (BTC) appears poised for another breakout this June, buoyed by robust demand from U.S. investors and a diminishing selling pressure from both short- and long-term holders. The current market environment is fostering a sense of optimism, drawing attention from both institutional and retail investor segments.
One notable indicator of this positive sentiment is the Coinbase Premium Index (CPI). This index measures the price discrepancy between BTC on Coinbase and other exchanges, like Binance. For the last 20 days, the CPI has maintained a positive streak—the longest in 2025. This consistent premium indicates a steady buying trend among U.S.-based participants, reflecting a robust market confidence.
On May 26, Coinbase experienced a net outflow of 8,742 BTC, marking it as the third-largest outflow in the past month. This significant movement underlines demand from institutional investors. As crypto analyst Burak Kesmeci stated, “Large-scale outflows from Coinbase are often followed by either ETF inflow surges or announcements from corporations like Strategy declaring new BTC purchases.”
Further supporting this trend, Bitcoin researcher Axel Adler Jr. observed a robust demand for BTC, strong enough to support the ongoing bull cycle without any major interruptions. He pointed out that the Bitcoin Short-Term Holder SOPR (30-day moving average)—which gauges profit-taking behaviors for investors who have held BTC for less than 155 days—recently hit a local high. This movement indicates a rise in realized profits, yet it remains relatively muted compared to levels recorded during past peaks, suggesting that the current rally might be devoid of excessive euphoria.
Data from CryptoQuant corroborates these insights, showing diminished inflows from long-term holders (LTHs) and short-term holders (STHs) on Binance. During downturns in August 2024 and the tariff-driven panic in April, both cohorts transferred over 12,000 and 14,000 BTC to Binance, respectively. In contrast, current inflows are limited to around 8,000 BTC, resembling levels documented during milder corrections. This trend underscores a lack of severe selling pressure and instills confidence in the current bullish momentum.
Bullish Bitcoin Chart Pattern Targets $118,000
From a technical standpoint, Bitcoin is currently trading within a descending triangle pattern, with a breakout potentially eyeing the $118,000 mark. On the lower time frame (LTF) 1-hour chart, resistance is appearing to compress price action downward, while a long-term price support zone exists between $106,000 and $104,000—this area represents an established daily order block acting as a high-interest zone for prospective buyers.
A significant indicator bolstering the bullish narrative is the discernible bullish divergence between BTC’s price and the relative strength index (RSI). Despite Bitcoin making lower lows, the RSI has been trending higher, suggesting a stagnation in bearish momentum and hinting at a possible bullish reversal.
The current chart analysis also suggests a potential short-term deviation below the pattern trendline at $107,000, likely leading to a typical liquidity sweep. If Bitcoin dips into the $106,000 to $104,000 range and rebounds sharply, it could validate the bullish divergence, paving the way for a breakout toward the envisioned target of $118,000.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
