Bitcoin [BTC] could face another round of volatility as concerns grow over whether the asset can hold the $60,000 region.
At the time of writing, Bitcoin was trading around $62,500, with a growing number of traders exiting the market. On June 23, US exchange-traded Bitcoin funds recorded outflows of approximately $113.78 million, marking their first consecutive daily outflows. This happened when the total net flow in the spot market reached $30.56 million.
Concerns about the volatile week ahead have increased, especially as the amount of capital now sitting on the stock markets is raising concerns.
Currency inflows reached their highest level in several months
Average BTC inflows into exchanges have risen sharply following Bitcoin’s recent decline.
Data from CryptoQuant shows that the average monthly inflow of Bitcoin into Binance has increased significantly. The figure came to 7,600 Bitcoin, which is worth about $475 million at the press time price of $62,500, up from 3,880 in April.
Such spikes in inflows rarely happen on their own, and analysts attribute this to a pattern that emerges when Bitcoin trades below a psychological level. The figure reached 9,000 in November 2025 and 8,800 in February, after Bitcoin fell to $84,000 and $60,000 respectively.
These types of inflows translate into selling pressure as Bitcoin sitting on the exchanges sends signals that investors could easily lose the asset if they judge the bearish outlook may intensify.
At the time of writing, the broader foreign exchange holdings show that there are $240.8 billion worth of Bitcoin held on exchanges, up from around $229 million between June 22 and now.
Long-term holders are joining this move
Adding to the concerns, recent data shows that long-term holders have joined investors in moving assets. Bitcoin’s Binary Coin Days Destroyed (CDD) reflects this shift and displays a value of 1. That signal indicates that coins have moved, which often indicates a sell-off. A setting of 0, on the other hand, means that holders remain in place.
Long-term holders moving their assets could put pressure on the price, as this group often owns a significant portion of Bitcoin, and their moves would put significant pressure.
Deposit transactions in the market have also increased, reaching 9,220 on the chart. The rising deposit transactions suggest that investors are moving more Bitcoin onto exchanges.
The rising trades imply that investors are skeptical of Bitcoin’s current direction and are preparing for an exit as selling pressure increases and assets fall from current levels. No sales are taking place for the time being; investors are simply positioning themselves in case a downturn occurs.
Bitcoin was between $59,000 support and $65,000 upside potential
Analysis shows that Bitcoin is caught between two key levels, and momentum could determine where the asset trades in the near term. The asset could still slide towards $60,000 to $59,000 based on liquidation clusters on the chart.
Should bullish pressure increase, Bitcoin could turn upside and rise to a high of $65,460, with a continued rise extending that advance.
Final summary
- Bitcoin deposits flowing to exchanges have surged to their highest in months, a pattern previously in line with the price falling below key levels.
- Even long-term holders appear to be shifting their coins, and traders are poised to exit the market as the price weakens towards the $59,000-$60,000 zone.