Bitfinex Predicts $115K Bitcoin by July—Institutions and ETFs Fuel the Fire

Wall Street's latest shiny toy—spot Bitcoin ETFs—is pumping fresh rocket fuel into crypto markets. Bitfinex analysts now see BTC hitting $115,000 within weeks as institutional FOMO meets constrained supply.

The mechanics? Simple. BlackRock's army of financial advisors finally figured out how to explain UTXOs to their golf buddies. Meanwhile, the 'hodl' crowd keeps vacuuming up coins faster than miners can print them.

Cue the usual suspects: 'This time it's different' narratives, Tether printing like it's 2021, and that one VC on CNBC comparing Bitcoin to 'digital beachfront property.' Just don't mention the 37 previous 'institutional adoption' false dawns.

Price prediction or self-fulfilling prophecy? With crypto, the line's always blurry. But when the suits start buying, the numbers get interesting—even if their 'blockchain strategies' still live in PowerPoint decks.

BTC Price Could Touch $115,000 in Bullish Scenario

The analysts said that BTC price could hit $115,000 by early July this year.

“In a bullish scenario, driven by strong institutional interest and ETF inflows, Bitcoin could touch $115,000 or higher by early July 2025,” the analysts said.

“Although the pullback has caused some concern, investors still feel optimistic. On the downside, we see $95,000–$97,000 as a key accumulation zone.”

The U.S. May Jobs Report, due Friday, is projected to show 125,000 to 130,000 new nonfarm payrolls, down from April’s 177,000.

The unemployment rate is expected to hold steady at 4.2%, with average hourly earnings projected to rise by 0.2% to 0.3% month-over-month.

A weaker-than-expected report could reinforce the disinflation narrative and push the Fed closer to rate cuts—a positive backdrop for Bitcoin.

In contrast, a strong report could delay rate cuts and boost the dollar, potentially weighing on BTC.

Currently, bitcoin trades near $105,000. Bitfinex analysts believe maintaining support above this level could open the door to testing the $120,000–$125,000 range in June, although they caution that no single event will trigger this move alone.

If the labor data surprises to the upside, Bitcoin may revisit support levels around $102,000 or lower, the analysts said.

The report will likely influence short-term market action, but it remains just one component in the broader macro picture shaping Bitcoin’s trajectory.

BTC Eyes Breakout as Bitcoin Supply Shrinks 30%

The available Bitcoin supply has fallen sharply, setting the stage for potential price surges as institutional demand builds, according to Sygnum Bank’s latest Monthly Investment Outlook for June 2025.

Over the past 18 months, liquid Bitcoin supply has dropped by 30%, driven by rising institutional adoption and an increase in acquisition vehicles such as exchange-traded funds (ETFs), the report stated.

In total, one million BTC have moved off exchanges during this period — typically a bullish signal, as coins are often withdrawn for long-term holding.

“Bitcoin’s fast-shrinking liquid supply is creating the conditions for demand shocks and upside volatility,” Sygnum wrote.