Bitcoin Price Analysis: BTC Holds Steady At $107,000 As Ceasefire Brings Relief
Bitcoin (BTC) extended its gains for a fourth consecutive day before registering a marginal decline. However, the flagship cryptocurrency has held above $107,000, with analysts favoring a breakout to $110,000.
BTC is marginally down during the ongoing session, trading around $107,077. Price action stabilized after tensions in the Middle East eased and the Fed held interest rates steady.
GameStop Raises $450M For Potential Bitcoin Buy
GameStop shareholders are unimpressed despite raising another $450 million as part of its private convertible note offering for investments, potentially including Bitcoin. The videogame retailer disclosed in a filing with the United States Securities and Exchange Commission (SEC) that an individual who opted into the initial $2.25 billion note offering intended to purchase an additional $450 million. GameStop has earmarked the funds for general corporate purposes, including investments and potential acquisitions. While the firm did not mention Bitcoin, it has discussed plans to grow its treasury.
Bitcoin is currently trading at around $107,000. If GameStop used the entire $450 million to purchase Bitcoin, it could double its existing treasury of 4,710 BTC. Several companies are adding Bitcoin to diversify treasury risk and tap into liquidity. However, Vincent Liu, Chief Investment Officer at Kronos Research, believes that only buying Bitcoin isn’t enough. Liu stated,
“A Bitcoin treasury rollout requires a well-planned strategy to protect capital and strengthen liquidity because without “clear execution and long-term vision, it’s unlikely to deliver sustained value. It’s not just buying Bitcoin. It’s how and why. Clear strategy and strong execution build trust and attract liquidity, but if it’s just hype or a ‘sell the news’ event like GameStop, the impact will be muted.”
Satoshi Era Miners Sold Just 150 BTC In 2025
Bitcoin (BTC) miners have added over 4,000 BTC to their reserves since April. Large miners have been adding to their reserves instead of taking profits despite the flagship cryptocurrency reaching all-time highs. The dramatic change in miner approach was disclosed by new research conducted by CryptoQuant, which highlighted a dramatic decline in “Satoshi-era” miner sales. According to the report, miners are holding on to their assets despite being severely underpaid. CryptoQuant revealed that conditions for miners remain difficult despite BTC trading near all-time highs.
“Bitcoin miners are the most underpaid they have been in the last year as daily revenues decline to two-month lows. The Daily revenue fell to $34 million on June 22, the lowest since April 20, 2025, due to lower transaction fees and the recent decline in the price of Bitcoin.”
The report states that even the oldest miners are breaking tradition and are unwilling to sell despite burgeoning prices.
“Selling from Satoshi-era miners remains at low levels. These miners have sold only 150 Bitcoin so far in 2025, compared to almost 10K Bitcoin in 2024. Historically, old miners from the Satoshi era usually move their coins after a strong price rally, indicating a potential market top.”
Wall Street Pours $1B In Bitcoin ETFs
Wall Street investors have pumped over $1 billion into spot Bitcoin ETFs this week. Bitcoin ETFs hold over 1.2 million Bitcoin as of June 25, adding over 9,700 BTC over the past three days. According to Glassnode, more than half the week’s inflows came on June 25, after reports that President Donald Trump may announce a replacement for Fed Chair Jerome Powell as early as September. The US Dollar Index, which tracks the greenback’s strength against foreign currencies, plunged 1.23% since the report, dropping to its lowest levels since April.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) has made a stunning recovery this week after geopolitical tensions dragged it below $100,000 on Sunday. The flagship cryptocurrency plunged to a low of $98,385 on Sunday before rebounding to reclaim $100,000 and end the weekend at $100,982. Market sentiment flipped to bullish after President Trump announced a ceasefire between Israel and Iran. As a result, BTC rallied over 4% to reclaim $105,000 and end Monday at $105,442. BTC is trading around 3% lower than its all-time high, with analysts expecting continued bullish momentum, which could push the price beyond $110,000. Vikram Subburaj, CEO of Giottus Crypto Platform, stated that markets are showing strength. He also said that open interest suggested a possible squeeze at $110,000 before a reversal.
“If a pullback ensues, key levels around $106,000 and $104,000 should offer strong support.”
BTC also registered surging institutional interest this week, with Anthony Pompliano’s ProCap announcing the purchase of $400 million worth of BTC. The announcement came days after it signed a $1 billion deal to become listed on public markets. Metaplanet also announced the purchase of $133 million worth of BTC, becoming the fifth-largest corporate holder of the asset. The latest acquisitions come after Gamestop purchased $500 million worth of Bitcoin in May.
BTC registered a sharp increase on Monday (June 16), reaching an intraday high of $108,939 before settling at $106,808, ultimately registering a rise of 1.18%. However, it lost momentum on Tuesday, falling over 2%, slipping below the 20-day SMA and $105,000 to $104,519. The price recovered on Wednesday, rising 0.35% to $104,884, but was back in the red on Thursday, registering a marginal decline and settling at $104,631. Bearish sentiment intensified on Friday as BTC lost momentum after reaching an intraday high of $106,513, dropping 1.19%, slipping below the 50-day SMA and settling at $103,388.
Source: TradingView
Price action remained bearish on Saturday, falling 1.17% to $102,180, but not before dropping to an intraday low of $100,979. BTC plunged to an intraday low of $98,385 as market sentiment worsened. It recovered from this level to reclaim $100,000 and settle at $100,982. Market sentiment flipped to bullish on Monday after President Trump announced a ceasefire between Israel and Iran. As a result, BTC rallied over 4% to reclaim $105,000 and settle at $105,442. Buyers retained control on Tuesday as the price registered an increase of almost 1% to cross the 20 and 50-day SMAs and $106,000 to $106,138. BTC registered a rise of 1.18% on Wednesday to reclaim $107,000 and settle at $107,393. The current session sees BTC marginally down, trading around $107,194.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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