On Thursday, June 3rd, the Bitcoin price bounced over 1.5% and teased a breakout from the $110,000 mark. The price jump also triggered the completion of a bull-flag pattern, which hints at the end of the correction trend. The potential for this asset to reach new highs continues to rise as institutional investors, corporate treasuries, and ETF inflows continue to soak up more BTC.
Bitcoin Institutional Demand Dwarfs Whale Dumping
Since last year, the early Bitcoin whales have offloaded over 500,000 BTC, which is valued at more than $50 billion. Despite the substantial selling, the Bitcoin price has shown a sustained recovery and a new high of $112,000 in May 2025 amid increasing institutional interest.
According to a recent Bloomberg report, institutional players, including asset managers, corporate treasuries, and ETFs, have accumulated an estimated 900,000 BTC. This accounts for a total holding of around 4.4 million coins, or 25% of Bitcoin’s total circulation supply.
This dynamic is reshaping Bitcoin’s supply power as institutional buying creates a powerful counterforce to traditional whale profit-taking. The substantial capital inflows into ETFs, as well as corporate wallets locking in large volumes of BTC, reduce the liquid supply on exchanges.
While the retail shakeout and ETF outflow cause temporary pullbacks, the long-term trend remains bullish, as major players continue to absorb every dip, bolstering a sustainable recovery.
BTC Flag Breakout Eyes Initial Surge to $120,000
In the last two weeks, the Bitcoin price has bounced from $98,242 to a current trading value of $109,743, registering a 12% gain. This uptrend followed broader market recovery as the market panic surrounding the Middle East war started to ease.
The rising BTC price also breached the resistance trendline of the bullish pennant pattern, signaling the end of a six-week consolidation.
The sharp incline in daily exponential moving average (20, 50, 100, and 200) accentuates the high momentum recovery and positive sentiment in the market.
By the weekend, the coin price could show a slight downtick and test the breached resistance as potential support before re-challenging the ATH of $112,000. If the pattern holds true, the post-breakout rally could reach $120,000, followed by an extended lead to $137,500.
