Bitcoin Navigates Critical Correction Phase as SMA30D Shows Early Recovery Signs
Bitcoin (BTC) is currently undergoing its most significant correction phase since 2021, drawing comparisons to the market turmoil triggered by China’s 2021 mining ban. Despite the stress, the SMA30D Fear and Greed Index has begun showing tentative signs of recovery, standing at 40%. As of June 2, 2025, BTC’s price is holding at 104,082.13 USDT, with traders closely monitoring this critical juncture for potential market shifts.
Bitcoin Enters Most Stressful Correction Phase Since 2021 as SMA30D Begins Recovery
Bitcoin (BTC), the world’s leading cryptocurrency by market capitalization, is navigating its most severe correction phase since 2021. Market analysts note parallels to the 2021 mining ban in China, which triggered a prolonged downturn. The current correction has tested investor resolve, with the SMA30D Fear and Greed Index showing tentative signs of recovery at 40%.
Traders observe this as a critical inflection point. Historical patterns suggest such stress phases often precede bullish reversals, though timing remains uncertain. The crypto community watches for confirmation of trend reversal, with institutional interest and macroeconomic factors likely to dictate momentum.
Bitcoin Dips as $170M Whale Transfer Sparks Market Speculation
Bitcoin’s price volatility intensified following a mysterious $170 million whale transaction. Blockchain tracker Whale Alert reported the movement of 1,811 BTC between unknown wallets on April 30, coinciding with a 2.2% price drop from $95,208 to $93,076.
The transfer fueled speculation of strategic accumulation during the market pullback. Trading volume surged 18% despite the dip, suggesting heightened activity. The broader crypto market capitalization declined 1.5% over 24 hours, mirroring Bitcoin’s temporary retreat.
Bitcoin ETF Inflows Surge to $4 Billion in Just 8 Days
Bitcoin exchange-traded funds (ETFs) are experiencing unprecedented demand, with nearly $4 billion flowing into these products over eight consecutive trading days. Bloomberg analyst James Seyffart notes this surge reflects accelerating institutional and retail adoption of Bitcoin as a mainstream asset.
The ETF wrapper continues to dominate as the preferred gateway for crypto exposure, allowing investors to gain bitcoin access through traditional brokerage accounts. This regulated approach eliminates custody complexities, appealing to both seasoned allocators and newcomers navigating digital assets.
Cumulative fund flows show no signs of slowing, with Seyffart emphasizing the consistency of inflows as a barometer of market conviction. The data through April 28, 2025 demonstrates sustained confidence despite Bitcoin’s characteristic volatility.
Bitcoin’s Rally Faces Sustainability Test as Volume Declines
Bitcoin’s surge past $90,000 initially energized crypto markets, but fading momentum now threatens the uptrend. The flagship cryptocurrency hovers NEAR $94,600 despite weakening trading volume—a classic divergence that often precedes pullbacks.
While technicals remain bullish with prices above all key moving averages, the absence of strong capital inflows raises concerns. Market participants note dwindling volume since the breakout, suggesting weakening conviction among buyers. The $95,000 level looms as a critical psychological barrier.
Bitcoin Seoul 2025 to Host Global Industry Leaders for Asia’s Largest Bitcoin-Focused Conference
Bitcoin Seoul 2025, Asia’s premier Bitcoin conference, will convene from June 4 to 6 at Signiel Seoul and SKY31 Convention. The event builds on its 2024 debut, which drew luminaries like Saifedean Ammous and Jimmy Song alongside thousands of professionals.
The 2025 edition aims to expand its scope, offering a deeper analysis of Bitcoin’s global trajectory. Beyond panels, the conference will feature a multidimensional program exploring Bitcoin’s evolving role in finance and technology.
Bitcoin Price Rally Incoming? Bulls Target $95K and Beyond
Bitcoin’s price resurgence above $94,000 signals growing bullish momentum, with traders eyeing a potential breakthrough past the $95,500 resistance level. The cryptocurrency has maintained strong support above $92,500, reinforcing investor confidence.
Technical indicators show BTC trading comfortably above its 100-hour moving average, though a bearish trend line at $95,000 on the hourly chart presents a near-term challenge. Market activity suggests accumulation at the $93,000 support level could fuel the next leg upward.
The Kraken exchange data reveals a classic consolidation pattern, with the recent dip to $92,970 serving as a springboard for renewed buying pressure. Traders appear positioned for another attempt at higher price discovery should key resistance levels break.
