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Key takeaways:
A 20-day Bitcoin Coinbase Premium streak signals strong institutional investor and retail investor interest.
Falling BTC inflows from short- and long-term holders reduce downside risk.
A bullish divergence and triangle breakout pattern target $118,000 in June.
Bitcoin (BTC) price looks primed for another breakout in June due to strong demand from US investors and diminishing selling pressure from short and long-term holders.
The Coinbase Premium Index (CPI), which measures the price difference between BTC on Coinbase and other exchanges like Binance, has maintained a positive streak for the past 20 days—the longest in 2025. This sustained premium indicated consistent buying activity from US-based institutional and retail investors, signaling strong market confidence.
Bitcoin Coinbase Premium index. Source: CryptoQuantAccording to crypto analyst Burak Kesmeci, Coinbase saw a net outflow of 8,742 BTC on May 26, the third-largest outflow over the past month. Implying demand from institutional investors, Kesmeci said,
“Large-scale outflows from Coinbase are often followed by either ETF inflow surges or announcements from corporations like Strategy declaring new BTC purchases.”Similarly, Bitcoin researcher Axel Adler Jr. asserted that the demand for BTC remains robust enough to sustain the ongoing bull run without significant disruption.
Adler Jr. explained that the Bitcoin Short-Term Holder SOPR (30-day moving average), a metric that gauges profit-taking among investors holding BTC for less than 155 days, recently reached a local high, signaling an uptick in realized profits.
However, the analyst emphasized that the indicator remains relatively subdued compared to levels seen during previous price peaks, suggesting the current rally lacks signs of excessive euphoria.
CryptoQuant data confirmed these market trends, showing reduced 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, each cohort sent over 12,000 and 14,000 BTC to Binance, respectively.
The current inflows are limited to just 8,000 BTC, mirroring levels seen during milder corrections, underscoring the lack of intense selling pressure.
Bitcoin spent output age bands for LTHs on Binance. Source: CryptoQuantRelated: Bitcoin can reach $200K in 2025 after 'obvious' price breakout signal
Bullish Bitcoin chart pattern targets $118,000
On the technical front, Bitcoin is trading within a descending triangle pattern, with a breakout potentially targeting $118,000. On the lower time frame (LTF) 1-hour chart, the pattern shows resistance compressing price action downward, with a long-term price support at the $106,000 to $104,000 zone, an established daily order block (red box) acting as a high-interest area for potential buyers.
Bitcoin 1-hour chart. Source: Cointelegraph/TradingViewA key signal strengthening the bullish case is the visible bullish divergence between price and the relative strength index, or RSI. While BTC has made lower lows on price, the RSI has been trending higher, indicating weakening bearish momentum and a possible bullish reversal ahead.
The chart also suggests a potential short-term deviation below the pattern trendline at $107,000, leading to a common liquidity sweep. If price dips into the $106,000 to $104,000 range and rebounds sharply, it could validate the bullish divergence and trigger a breakout toward the projected $118,000 target.
Related: 5 signs that suggest Bitcoin price has 'room for further expansion'
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.
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