Bitcoin Price Rebounds to $106K After Sell-Off, Analysts Eye $110K Resistance
The post Bitcoin Price Rebounds to $106K After Sell-Off, Analysts Eye $110K Resistance appeared on BitcoinEthereumNews.com. Bitcoin price surged back above $106,000 on Monday, recovering from a sharp weekend dip that briefly pushed it below the key $100,000 level. The rebound comes amid easing geopolitical tensions and continued institutional demand, reinforcing Bitcoin’s resilience despite recent volatility. Bitcoin Price Recovers After Market Turmoil Over the weekend, Bitcoin price fell to $98,500, the first break below six figures in over 45 days—amid concerns over escalating conflict in the Middle East. As of June 24, 2025, CoinGecko data shows Bitcoin was trading at approximately $106,026, up 5.7% in 24 hours. The intraday swing reflects elevated volatility but highlights firm support at lower levels. TradingView data confirms that Bitcoin price dipped to a local low near $102,650 on Binance on Friday before rebounding. By Monday, the recovery coincided with the U.S. President Donald Trump’s announcement of a ceasefire between Israel and Iran, which helped ease investor anxiety across global markets. Institutional Inflows Support Bitcoin Price Crypto investment products saw robust inflows last week. According to CoinShares’ June 20 report, crypto ETPs recorded $1.24 billion in net inflows, with $1.1 billion directed into Bitcoin funds. BlackRock’s spot Bitcoin ETF (IBIT) led the surge, contributing to a new year-to-date total of over $15.1 billion in crypto fund flows. These inflows suggest sustained institutional interest, even as the Bitcoin price trades near all-time highs. With assets under management in Bitcoin ETFs rising steadily and over 126 public companies now holding BTC in their treasuries, the foundation for long-term demand appears intact. Despite the weekend sell-off, Bitcoin’s derivatives market showed resilience. CoinGlass data reveals that aggregate futures open interest held near $68 billion. Only $193 million in long liquidations—just 0.3% of the total. Options markets on Deribit also indicate bullish sentiment, with open interest clustering around strike prices of $110,000 and $120,000 for upcoming…
The post Bitcoin Price Rebounds to $106K After Sell-Off, Analysts Eye $110K Resistance appeared on BitcoinEthereumNews.com.
Bitcoin price surged back above $106,000 on Monday, recovering from a sharp weekend dip that briefly pushed it below the key $100,000 level. The rebound comes amid easing geopolitical tensions and continued institutional demand, reinforcing Bitcoin’s resilience despite recent volatility. Bitcoin Price Recovers After Market Turmoil Over the weekend, Bitcoin price fell to $98,500, the first break below six figures in over 45 days—amid concerns over escalating conflict in the Middle East. As of June 24, 2025, CoinGecko data shows Bitcoin was trading at approximately $106,026, up 5.7% in 24 hours. The intraday swing reflects elevated volatility but highlights firm support at lower levels. TradingView data confirms that Bitcoin price dipped to a local low near $102,650 on Binance on Friday before rebounding. By Monday, the recovery coincided with the U.S. President Donald Trump’s announcement of a ceasefire between Israel and Iran, which helped ease investor anxiety across global markets. Institutional Inflows Support Bitcoin Price Crypto investment products saw robust inflows last week. According to CoinShares’ June 20 report, crypto ETPs recorded $1.24 billion in net inflows, with $1.1 billion directed into Bitcoin funds. BlackRock’s spot Bitcoin ETF (IBIT) led the surge, contributing to a new year-to-date total of over $15.1 billion in crypto fund flows. These inflows suggest sustained institutional interest, even as the Bitcoin price trades near all-time highs. With assets under management in Bitcoin ETFs rising steadily and over 126 public companies now holding BTC in their treasuries, the foundation for long-term demand appears intact. Despite the weekend sell-off, Bitcoin’s derivatives market showed resilience. CoinGlass data reveals that aggregate futures open interest held near $68 billion. Only $193 million in long liquidations—just 0.3% of the total. Options markets on Deribit also indicate bullish sentiment, with open interest clustering around strike prices of $110,000 and $120,000 for upcoming…
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