Bitcoin’s Fate Hangs in the Balance—Breakout or Breakdown Next?

Bitcoin’s current status remains uncertain as inflows shift toward Ethereum, while institutional confidence in BTC appears to waver. 

Weekly data below from  CoinShares shows $286 million in net digital asset inflows, but Bitcoin recorded $8 million in outflows despite broader market optimism.

According to CoinShares’ June 7, 2025 report, this marks the seventh consecutive week of positive flows into digital asset investment products.

Ethereum led with $321 million in institutional inflows. Over the past six weeks, Ethereum has attracted $1.19 billion. By contrast, Bitcoin has faced consistent selling pressure, even as some firms continue accumulating.

Bitcoin began the week on a strong note following institutional accumulation. However, sentiment shifted midweek after a New York court ruled on President Trump’s tariff policy.

The market reacted with caution. Bitcoin’s price currently trades near its ATH at $110,000. Though minor, the decline reflects hesitation among institutional investors.

Ethereum Pulls Ahead

Ethereum’s dominance in institutional products continues to grow. In the last month alone, ETH-related inflows reached $889 million, with total assets under management (AUM) climbing past $14 billion.

Spot Ethereum ETFs also saw gains. CoinShares attributes the momentum to rising decentralized finance (DeFi) activity, which remains a key ETH driver.

Ethereum gained, XRP recorded $28 million in weekly outflows. This marks a continuation of declining institutional interest in XRP, tied to ongoing regulatory delays.

Earlier gains were linked to expectations of a spot XRP ETF approval. However, the SEC’s indecision has slowed that momentum. Still, XRP’s year-to-date position remains in the green.

The United States continues to lead in digital asset inflows, recording $199 million last week. However, CoinShares data points to increased activity outside the U.S. Germany brought in $42.9 million, and Australia followed with $21.5 million.

Despite Bitcoin’s cooling momentum, institutional players are still adding to their holdings. Michael Saylor’s Strategy acquired 705 BTC, bringing the company’s total to 580,955 BTC. Japan’s Metaplanet also increased its Bitcoin holdings last week, further signaling long-term interest from public firms.

Bitcoin Technicals and Market Structure

BTC’s price remains volatile. Currently trading around $106,000, it sits just above key technical levels. According to TradingView, Bitcoin is testing resistance between $105,900 and $106,720.

A rejection at this level could drop prices to $103,000. However, a sustained move above $105,500 may re-establish bullish momentum above its ATH.

Bitcoin’s near-term direction hinges on whether it can reclaim momentum and break resistance or fall into a deeper correction. 

With Ethereum pulling institutional interest and XRP facing regulatory delays, Bitcoin’s market leadership faces pressure. The next breakout or breakdown remains a question of short-term sentiment and technical strength.