Since breaking the $100,000 mark on May 8, the price of Bitcoin (BTC) has consistently closed above this important psychological level every day. Although it briefly dipped to $98,300 on June 22, BTC is still steadily approaching the historical high of $111,800.

Although a 9% drop from the peak seems insignificant, there are signs that the range of $100,000 to $110,000 may become a new support area for Bitcoin before another surge in the second half of 2025.

The latest report from the on-chain data analysis platform CryptoQuant reveals some interesting market trends, suggesting that investor confidence is recovering in the long term. The data shows that the amount of Bitcoin flowing out of exchanges significantly exceeds the inflow. The monthly outflow/inflow ratio has dropped to 0.9, the lowest level since the end of the 2022 bear market. Historical experience indicates that when this ratio falls to this level, it usually signals strong buying demand.

This ratio measures the liquidity balance of Bitcoin between exchanges and is considered an important indicator of market sentiment. A reading below 1 indicates that investors are moving assets out of exchanges, which is often interpreted as a signal for long-term holding.

Another noteworthy phenomenon is that recently over 19,400 BTC have been transferred to institutional-grade wallets, further confirming that long-term investors are strategically accumulating Bitcoin.

It is worth noting that despite the significant short-selling pressure on major derivatives trading platforms like Binance, the price of Bitcoin remains relatively stable. This resilience may suggest that the current price range is supported by strong buying interest.

However, investors should still exercise caution. Although these indicators show positive signals, the high volatility of the cryptocurrency market means that conditions can change at any moment. Future price trends will depend on multiple factors such as the global economic situation, regulatory environment, and the level of participation from institutional investors.

Overall, the current market data seems to suggest that Bitcoin may be gearing up for the next big surge. However, before making any investment decisions, investors should consider all factors comprehensively and conduct a thorough risk assessment.