Bitcoin price today, as of June 4, 2025, is currently trading at $105,779, showing a slight gain of 0.40% from the previous day. The daily range has remained relatively tight, indicating a steady market.
Despite the short-term bearishness, Bitcoin’s long-term bullish momentum seems to be resurging, with institutional investors actively accumulating BTC. On-chain metrics suggest that there is a strong bullish undercurrent in the market, although retail euphoria, which typically marks the peak of a bull run, has yet to materialize.
One key indicator of bullish sentiment is the increase in spot trading volume on Binance, which has risen from 26% to 35%. This surge in volume suggests that larger players are entering the market and accumulating Bitcoin. Additionally, the behavior of long-term holders, who are holding onto their assets for over 155 days, indicates smart money accumulation, with wallets holding over $20 billion in Bitcoin.
Recent outflows from exchanges like Kraken and Bitfinex, exceeding 20,000 BTC, further support the bullish outlook. Decreasing BTC reserves and the underlying demand from long-term holders suggest that the uptrend in Bitcoin’s price is likely to continue in the coming months.
On the other hand, retail participation remains low, with smaller transfers under $10,000 decreasing by 2.45% over the last 30 days. This cautious sentiment from retail traders could indicate that the bull run is still in its early stages or that lingering concerns from previous market downturns are still present.
The divergence between institutional optimism and retail hesitation could impact Bitcoin’s price returns in the short term. While sustained growth without volatile spikes may be beneficial, widespread retail participation may be necessary for Bitcoin to reach new all-time highs, such as $120,000.
In conclusion, the current state of the Bitcoin market suggests a mix of bullish and bearish signals. Institutional accumulation and positive on-chain metrics point towards a potential uptrend, while retail hesitancy may pose challenges for rapid price appreciation. Monitoring key indicators and market trends will be crucial for investors looking to navigate the volatile cryptocurrency space. Stay informed with the latest news and analysis to make informed decisions in the ever-evolving world of Bitcoin and digital assets.