Bitcoin Poised for Major Breakout as Institutional Demand Surges

Bitcoin is showing strong signs of a potential breakout as demand dynamics shift and institutional interest grows. Key indicators suggest the bear market capitulation phase may be ending, with long-term holders accumulating and trading volume increasing significantly. A notable development includes a whale opening a massive $364 million Leveraged long position, reflecting strong bullish conviction among large players. With global liquidity conditions improving and fundamental metrics turning positive, Bitcoin appears to be forming a bottom and preparing for its next major upward move.

Bitcoin Eyes Breakout Amid Rising Demand and Global Liquidity Surge

Bitcoin demand is shifting as long-term holders accumulate, signaling a potential bottom formation. Trading volume has surged 20% to $47 billion, suggesting the bear capitulation phase may be ending. A whale has opened a $364 million 20x leveraged long position, reflecting strong institutional bullish conviction.

Bitcoin may be on the verge of a significant breakout, with deeper market fundamentals like shifting demand momentum and a rising Global Liquidity Index (GLI) shaping its next move. Analyst crypto Rover notes a steep drop in Bitcoin's demand momentum, with short-term sellers retreating and long-term investors stepping in. Historically, such transitions mark local bottoms and precede strong upward rallies.

Reduced selling pressure from short-term traders and accumulation by long-term holders tightens supply, creating ripe conditions for a potential price surge.

Czech Government Survives No-Confidence Vote Over $45M Bitcoin Donation

The Czech government has narrowly avoided collapse after defeating a no-confidence motion tied to a controversial $45 million Bitcoin donation. Prime Minister Petr Fiala's coalition maintained its parliamentary majority following two days of heated debate, though the scandal has left political scars months before national elections.

The crisis stems from a 468 BTC payment accepted by then-Justice Minister Pavel Blazek from a convicted darknet drug marketplace operator. The funds—equivalent to 1 billion Czech koruna—were liquidated by the state despite questions about their provenance. Blazek resigned amid accusations the government failed to properly vet the cryptocurrency's origins.

Opposition leader ANO, currently leading in polls ahead of October's vote, framed the donation as potential money laundering. Critics argue authorities should have involved law enforcement rather than accepting possibly tainted crypto assets. The case highlights growing tensions as Czech institutions explore digital asset adoption—the central bank recently approved studying bitcoin as a reserve asset.

Bitcoin and Altcoin Breakout Imminent, Say Top Analysts

A rare convergence of macro and market signals has cryptocurrency bulls anticipating a significant upward move. Real Vision’s Raoul Pal and chief crypto analyst Jamie Coutts argue that current conditions mirror historical patterns preceding major bull markets. Global liquidity trends, subdued derivatives risk, and robust on-chain fundamentals suggest the market is entering a "breakout regime."

Jamie Coutts highlighted his proprietary Global Liquidity Risk Score, which has turned bullish. This metric, derived from central bank balance sheets, money supply data, and U.S. net liquidity, indicates Bitcoin’s heightened sensitivity to liquidity—often amplifying gains during such phases. "We’re not overstretched or overbought. This setup allows Bitcoin to surge sharply and swiftly," Coutts noted.

Raoul Pal echoed the sentiment, predicting a rapid upside surprise. Three key indicators—global liquidity, derivatives positioning, and network profitability—underpin his outlook. "It’s straight up from here," Pal said, emphasizing the velocity of potential gains.

Bitcoin Futures Premium Drops to Three-Month Low Despite Strong ETF Inflows

Bitcoin's futures premium has slumped to its lowest level in three months, signaling growing caution among traders even as spot ETF inflows surpass $5 billion. The divergence underscores a tension between institutional demand and short-term market sentiment.

The premium for BTC futures contracts fell below 4% on June 20, according to Laevitas.ch data—well below the typical 5%-15% range that compensates for time value and risk. This occurred while Bitcoin traded NEAR $103,480, just 8% shy of its all-time high.

Notably, the current futures premium is now weaker than during April's 10% price crash. Leveraged traders appear reluctant to bet on further upside despite the ETF-driven rally, suggesting institutional adoption hasn't fully dispelled derivatives market skepticism.

Bitcoin Holds Steady Near $106K as Market Awaits Breakout Catalyst

Bitcoin edged up 0.8% to $106,000, testing resistance at the upper bound of its $100K-$110K consolidation range. The muted price action reflects a market in equilibrium—neither accumulation nor distribution pressures dominate.

CryptoQuant data shows realized profits below $1 billion, mirroring late-2024 consolidation patterns. Long-term holders remain steadfast, but stagnant demand threatens upside potential. "This isn't capitulation," says analyst Darkfost, "just fatigue after the Q2 rally."

The demand ratio for dormant coins suggests weakening appetite despite stable support. Until fresh capital enters, BTC may remain range-bound—a coiled spring awaiting macroeconomic winds or institutional triggers.

Norway Implements Temporary Ban on Crypto Mining Data Centres to Redirect Energy to Productive Industries

Norway has moved to temporarily ban new data centres dedicated to cryptocurrency mining, citing the need to prioritize electricity for more productive sectors. The decision, announced by Digitisation Minister Karianne Tung, targets energy-intensive proof-of-work operations like Bitcoin mining, which contribute little to local employment or long-term economic growth.

Energy Minister Terje Aasland framed the ban as essential for meeting national climate goals. Crypto mining's disproportionate energy consumption without meaningful societal benefit makes it incompatible with Norway's sustainability targets. The government had already signalled its stance in 2022 by eliminating tax breaks for mining operations.

This policy continues Norway's pattern of scrutinizing crypto's energy demands. Finance Minister Trygve Slagsvold emphasized that electricity should serve broader community needs rather than power mining rigs. The MOVE reflects growing global tension between cryptocurrency networks and national energy priorities.