- Bitcoin is consolidating just below its all-time high as investors monitor bullish headlines from the Bitcoin 2025 Conference and strong ETF inflows.
- Despite rising institutional and corporate demand, seasonal trends suggest caution heading into June.
Bitcoin is taking a breather below its all-time high, consolidating between $107,000 and $110,000 after surging to a record $111,900 last week. The pause comes as investors focus on the high-profile Bitcoin 2025 Conference in Las Vegas and sustained institutional demand via spot BTC ETFs.
The three-day event, which kicked off on May 27, features major political and industry names including Vice President JD Vance, Michael Saylor, and members of the Trump family. So far, headlines from the event have supported the crypto narrative, especially with the announcement of the proposed BITCOIN Act—a bill aiming for the U.S. to acquire up to 1 million BTC over five years. The legislation is expected to be introduced to the Senate next week, potentially injecting new momentum into Bitcoin’s long-term adoption.
Also read: Sui Foundation Issues Emergency Loan to Support Cetus After $162M DeFi Hack
Meanwhile, Bitcoin ETFs continue to show impressive resilience, registering nine consecutive days of inflows. May alone has seen $5.77 billion pour into spot BTC ETFs, making it the third-largest month for inflows since trading began in January 2024.
Corporate demand is also accelerating. Inspired by MicroStrategy’s playbook, Trump Media revealed plans to raise $2.5 billion to invest in crypto. According to BitcoinTreasuries.net, the number of publicly listed companies holding Bitcoin has jumped 25% since early April, now totaling 113 firms with a combined 800,000 BTC worth $88 billion.
Despite the bullish backdrop, seasonal trends could bring headwinds. Bitcoin has already rallied nearly 15% in May, well above the average 8.5% return for the month. However, June historically ranks as Bitcoin’s second-worst performing month, averaging losses of -0.35%. After a 50% gain since the April low of $74,500, traders may approach the new month with caution.
Technical indicators remain encouraging. Bitcoin continues to trend within a rising channel, and the RSI has cooled from overbought levels while remaining above 50. A recent golden cross between the 50-day and 200-day SMAs supports a bullish outlook. A break above $111.9k could open the door to the next psychological level at $120k, while support lies at $107k, followed by $105k and $100k.
As Bitcoin takes a moment to consolidate, all eyes remain on the headlines—and signals—from the Bitcoin 2025 Conference.
