Bitcoin Holds Near $110K as Profit-Taking and ETF Inflows Shape Outlook

• Bitcoin trades at $109K as short-term holders cash out $11B in monthly profits.
• Crypto ETF inflows hit $3.3B last week, pushing the YTD total to a record $10.8B.
• BlackRock’s IBIT leads with $2.43B in inflows, holding 3.32% of Bitcoin’s market cap.

Bitcoin traded at $109,637 at press time, after gaining 4.38% in the past seven days. The asset remains just below its record high, as $11 billion in short-term holder profits and macro uncertainty weigh on momentum.

Bitfinex analysts reported that short-term holders realized $11.4 billion in profits over the past 30 days. This figure marks a steep rise from the $1.2 billion realized in the prior month. The analysts warned that without an equal influx of new capital, further upside could remain limited in the near term.

While spot bitcoin ETFs attracted over $5.3 billion in May, the increased pace of profit realization suggests a near-term pause may be underway. The analysts highlighted $95,000 as a key level to watch, noting it as the cost basis for short-term holders. The day’s advances followed news that President Donald Trump would delay proposed 50% tariffs on EU goods until July 9, which helped global stocks and risk assets recover from last week’s volatility.

ETF Inflows and Institutional Demand Remain Robust

Inflows into U.S. spot bitcoin ETFs totaled $2.7 billion during the past week. The current holdings of institutional products now stand at 1.2 million BTC, which is about 5.76% of the total supply. In the past week, BlackRock’s IBIT fund attracted $2.4 billion, making it a market leader in the sector.

According to Bitfinex, the market is experiencing “healthy consolidation,” backed by strong ETF inflows and low trading volatility. Expert analysts highlighted the growing on-chain activity and a steady increase in realized capital as signs of structural growth rather than short-term speculative activity.

Total digital asset investment products have recorded $10.8 billion in year-to-date inflows, setting a new record. Weekly inflows reached $3.3 billion, helping assets under management briefly hit $187.5 billion, according to CoinShares.

The U.S. led with $3.2 billion of last week’s inflows, followed by Germany and Hong Kong. Bitcoin attracted $2.9 billion, while BlackRock’s IBIT now holds $71.42 billion in assets, equal to 3.32% of BTC’s market cap. Short-bitcoin products and Ethereum ETFs also saw significant capital flows, although XRP products recorded $37.2 million in outflows.

Bitcoin Conference 2025 Opens Amid Heightened Interest

The Bitcoin 2025 Conference is scheduled for May 27 in Las Vegas, drawing top industry figures such as Michael Saylor, Justin Sun, and JD Vance, the Vice President. The sixth annual event is predicted to attract more than 30,000 attendees. According to the organizers, it will explore topics such as adoption, regulation, and innovation in the crypto space.

Meanwhile, Trump Media & Technology Group denied reports that it plans to raise $3 billion to buy bitcoin. The company dismissed the Financial Times report, calling its sources unreliable. The alleged plan involved $2 billion in equity and $1 billion in convertible bonds, a strategy reportedly modeled after firms like MicroStrategy and Metaplanet.

Despite denying the rumors, speculation about Trump-linked crypto ventures increased. Trump recently transferred a 53% stake in the media firm to a trust managed by Donald Trump Jr., amid scrutiny over his family’s growing involvement in blockchain and token projects.