While the second quarter is coming to an end, Bitcoin may well write a new page in its history. The $ 109,000 is within range, and the technical signals converge. But behind this upward dynamic, tensions are emerging: demand deficit, liquidity games and uncertainty about American rates. Could the monthly end of June change everything?
In short
- Bitcoin targets its highest monthly fence with a threshold at only $ 104,630.
- Algorithmic “games” intensify volatility with massive liquidations of short positions.
- The second quarter displays impressive gains of 30 % despite volatility.
- The Haussier market could only have three months ahead of it.
Algorithmic manipulations create explosive volatility
Last weekend highlighted the intensity of current manipulations on the Bitcoin market.
On Sunday, an algorithmic trading robot described as “predator” by the Skew trader caused a brutal and targeted increase, temporarily propeling the pair BTC/USD towards its weekly fence The highest, beyond $ 109,000.
This calculated operation was enough to liquidate a selling position of $ 12 million, before the market corrects its earnings.
“” Games are clearly in progress here, but we carefully monitor the evolution “Commented Skew on X.
The Bitbull trader confirmed that it was the same actor who, two weeks earlier, had caused an artificial pump followed by a rapid dump.
These manipulations, which are based on coordinated liquidity movements in the order book, have become commonplace, in particular during low volume periods such as weekends.
Currently, the BTC/USD pair has filled the last GAP of the CME in the long term market, formed during these fluctuations.
But the most worrying is the unbalanced distribution of liquidity. According to data from Material Indicators,, The demand is concentrated between 108,000 and $ 110,000while the offer spans up to $ 98,000.
This asymmetry creates a terrain conducive to sudden movements, with an increased risk of extreme volatility in the coming 24 to 48 hours.
A monthly and quarterly fence in line with sight
June could well enter the history of Bitcoin. Despite high volatility fueled by macroeconomic news and market manipulation, the month is preparing to end in green, according to Coinglass data.
Better yet, the second trimester has a impressive increase of 29.45 %positioning this period of the strongest of the year for the BTC.
To establish a record monthly fence, it is enough that the Bitcoin course maintains itself above $ 104,630. At less than 3 % of current levels, this target remains perfectly achievable if the upward dynamics are maintained.
In short, the bulls have a comfortable margin, provided they are good in the face of liquidity tensions.
Technical signals and volumes confirm this bullish potential, but the market remains sensitive to macro upheavals and large carriers. Caution remains in approach to an extended weekend in the United States, where liquidity could be scarce.
Bitcoin remains stable under $ 109,000, but net crossing could open the way to $ 115,000. However, the dominance of leverage positions increases the risk of volatility to the short terme.
Ryan Lee, chief analyst at Bitget Research
A demand deficit that weakens the upward trend
But behind the flattering figures, a worrying signal is starting to emerge: demand no longer follows the pace of the supply.
According to a recent cryptocurrency analysis, the Bitcoin market suffers from a “critical deficit of demand”. Long -term holders (LTH) reactivate their dormant assets, while minors take their profits massively.
Result: the volume of BTC put into circulation exceeds that absorbed by new buyers, a configuration deemed to be down.
This dynamic increases the available offer, weakens market support, and can translate a feeling of shortness of breath among experienced investors.
The apparent demand indicator over 30 days of cryptocurrency has returned to negative territory, a first since April, when Bitcoin was still evolving under $ 75,000. This technical reversal feeds fears of an already reached or imminent market peak.
Added to this is a key temporal variable raised by analyst Rekt Capital. If Bitcoin follows its usual post-halving cycle, the top of the Bull Run could occur in September or October 2025. In other words, the time is counted: there would only be a few months before entering a more marked consolidation phase.
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