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Bitcoin’s Biggest Quarterly Price Candle: Is Another All-Time High Coming?

Bitcoin’s Biggest Quarterly Price Candle: Is Another All-Time High Coming?

Published:
2025-07-02 23:41:02
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Bitcoin just made history by closing June 2025 at $107,179 - its highest monthly close ever. This milestone has traders buzzing about potential new all-time highs as institutional accumulation reaches fever pitch. While mining revenues hit record highs, a 3% hashrate dip created temporary bearish pressure. With BlackRock's ETF inflows topping $1.3B in a week and Michael Saylor's MicroStrategy adding 4,980 BTC to its treasury, the stage is set for explosive price action. July's historical bullish trends could fuel the next leg up.

Bitcoin price chart showing monthly close record

Why Did Bitcoin's June Close Shock the Market?

The crypto world watched in awe as bitcoin shattered records with its $107,179 June close - the highest monthly finish in its 16-year history. This marked a 2.5% increase over May's $104,600 close and a 4.6% jump from January's $102,450 peak. Our analysts at BTCC note this represents the first time BTC has maintained above $100k for six consecutive months, signaling unprecedented institutional adoption. The slight 0.6% pullback to $106,844 at press time comes amid 14.5% higher trading volume ($43B daily), suggesting strong accumulation during dips.

What Are Analysts Saying About Bitcoin's Next Move?

Renowned analyst PlanB confirms Bitcoin has decisively broken its monthly range, with Rekt Capital noting the importance of sustained buying pressure. Historical data from Matrixport shows July has delivered positive BTC returns in 8 of the past 10 years, with average gains of 11.3%. The current technical setup resembles Q4 2020's consolidation before the parabolic rally to $69k. Our BTCC research team observes that the Coinbase Premium Gap remaining positive for 73 straight days indicates relentless institutional demand, particularly from U.S. regulated entities.

Rekt Capital Bitcoin analysis chart

How Did Bitcoin Miners Impact Q2 2025 Price Action?

JPMorgan's latest research reveals U.S. miners generated $2B in gross profits (53% margins) during Q1 2025 - up from $1.7B (50%) in Q4 2024. MARA Holdings maintained its dominance with nine consecutive quarters of highest BTC production, while IREN surprisingly led in gross profitability. However, June saw a 3% hashrate decline that temporarily spooked markets. Veteran miners recognize this pattern - similar hashrate dips preceded major rallies in 2017 and 2021 as inefficient operators got shaken out before new infrastructure came online.

Which Institutions Are Driving the Bitcoin Accumulation Frenzy?

The institutional floodgates have burst open: BlackRock's Bitcoin ETF saw $1.3B inflows last week alone, while MicroStrategy added another 4,980 BTC ($531.2M) to its now 597,325 BTC treasury. These moves follow Fidelity's $800M BTC purchase and Tesla's Q2 earnings report confirming HODLing its 10,800 BTC position. The BTCC exchange has seen corporate OTC desk volumes triple since May, with most orders clustered between $100k-$105k - now confirmed as the new institutional support zone.

Matrixport Bitcoin seasonality analysis

Frequently Asked Questions

What was Bitcoin's previous monthly closing record?

Before June 2025's $107,179 close, the record stood at May 2025's $104,600 and January 2025's $102,450 closes according to PlanB's price models.

How does July typically perform for Bitcoin prices?

Historical data shows July has been positive for BTC in 80% of cases since 2015, with average returns of 11.3% according to Matrixport's seasonality study.

What caused Bitcoin's hashrate to drop in June?

The 3% decline likely resulted from older mining hardware becoming unprofitable after the halving, combined with seasonal heat-related shutdowns in Texas mining facilities.

How much Bitcoin does MicroStrategy now hold?

After its latest 4,980 BTC purchase, MicroStrategy's treasury contains 597,325 BTC worth approximately $63.8B at current prices.

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