empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
16.06.2023 12:55 PM
Bitcoin and rest of crypto market are losing investors and capitalization: what will happen next?
Open trading account Open demo account

Over the past three months, activity in the cryptocurrency market has significantly declined. After reaching a price high of $31k, interest in digital assets began to wane. As a result, as of June 16, the trading volumes in the Bitcoin market barely reach $15 billion.

This image is no longer relevant

Nevertheless, the overall market capitalization of the crypto market remains confidently near the $1 trillion mark. However, the main problem lies in the fact that a large portion of digital asset volumes are held passively in decentralized or cold wallets of users. As a result, the price movement of BTC and other assets is influenced by a small group of investors.

Bitcoin loses ground

Fundamental events and news also fail to impact the price trend of Bitcoin. A vivid example of this is the worsening downward trend in the crypto market despite positive inflation data and actions by the Federal Reserve. BTC experienced a bearish breakdown of $26k due to low trading activity and pessimistic sentiments in the cryptocurrency market.

This image is no longer relevant

Regarding market sentiment, it is worth noting that the most negative expectations regarding the future of the crypto market have been present since March 2020. These negative sentiments largely contribute to bearish dominance and low bullish volumes, which are barely sufficient to protect key support levels.

This image is no longer relevant

The situation significantly worsened in the past 1.5 months when the SEC made several high-profile statements and equated crypto assets from the top 15 to securities. In addition to this, the regulator initiated legal actions against the largest crypto exchanges operating in the United States. As it is known, a significant percentage of crypto bulls were located in the U.S.

This image is no longer relevant

As a result of all the aforementioned factors, the correlation between BTC and the key stock index, the S&P 500, has been completely lost. The S&P 500 continues to demonstrate bullish resilience, largely due to crypto investors shifting to the stock market. As a result, BTC and other assets fail to demonstrate reasonable results.

This image is no longer relevant

Despite the overall negative sentiment in the crypto market, fundamental interest in the assets has not declined. For example, BlackRock Capital has officially filed an application for a spot BTC-ETF. This is happening against the backdrop of a significant increase in the stake of Morgan Stanley and Fidelity in MicroStrategy stocks, indicating that institutional investors are seeking alternative investment routes in crypto assets.

BTC/USD Analysis

Over the past day, Bitcoin has recovered by 2.5% and is attempting to establish itself above the $25.5k support level. At the same time, there is an increase in daily trading volumes up to $14 billion. The upward surge of BTC was triggered by the price drop to the lower boundary of the support area at $24.6k–$25k, which jeopardizes the structure of the upward trend.

This image is no longer relevant

It is worth noting that buyers failed to absorb bearish volumes, highlighting the absence of strong buying pressure. Technical metrics indicate the completion of a short-term impulse that allowed BTC to recover above $25.5k, which means that a downward movement may resume in the near future.

This image is no longer relevant

In such a scenario, Bitcoin will not be able to hold and establish itself above the $25.5k level. A retest of the $24.6k level is likely to expected, which will eventually lead to a breakdown of this threshold. As of June 16, there is no reason to believe that bulls will be able to defend $24.6k, given the current trading volumes.

Conclusion

The $24.6k–$25k range is gradually losing its relevance, Bitcoin bulls continue to lose ground and trading volumes, while the main focus of sellers is shifting to the $20k–$21k range, where a massive accumulation of BTC positions took place. However, despite bearish trends in the market, declines will be interspersed with long consolidation periods necessary for volume accumulation.

Artem Petrenko,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Wave analysis
EUR/USD Analysis on April 23, 2025 The wave structure on the 4-hour chart for EUR/USD has transitioned into a bullish, impulsive formation. I believe no one doubts that this transformation occurred solely
Chin Zhao
18:44 2025-04-23 +02:00
1435
Wave analysis
GBP/USD Analysis on April 23, 2025 The wave structure on the GBP/USD chart has also shifted to a bullish, impulsive form — "thanks" to Donald Trump. The wave pattern is nearly identical to that of EUR/USD
Chin Zhao
18:40 2025-04-23 +02:00
1195
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Bitcoin may resume its uptrend

Bitcoin posted a strong rally yesterday. After breaking through the $90,000 level, the leading cryptocurrency surged toward $94,000, where the advance temporarily stalled. Ether also saw impressive gains. After trading
Jakub Novak 12:59 2025-04-23 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 23

Bitcoin has successfully pushed above $90,000, while Ethereum added more than 10% in just one day, rebounding to $1800. The main catalyst was Donald Trump's statement yesterday, clarifying that firing
Miroslaw Bawulski 09:03 2025-04-23 UTC+2

BTC/USD Analysis – April 22nd: The Moment of Truth

The wave structure on the 4-hour chart for BTC/USD is quite clear. After completing an upward trend consisting of five full waves, a downward segment began forming, which currently appears
Chin Zhao 11:49 2025-04-22 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 22

Bitcoin Returns to the $88,000 Zone, but Ethereum Is Facing Challenges Yesterday's sell-off during the U.S. session, once again triggered by a decline in American stock indices, was offset
Miroslaw Bawulski 08:18 2025-04-22 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 21

Bitcoin and Ethereum, having spent the entire weekend moving sideways within a range, surged sharply during today's Asian session. The rally was triggered by rumors that U.S. Federal Reserve Chair
Miroslaw Bawulski 09:03 2025-04-21 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 18

Bitcoin and Ethereum remain within their sideways channels, and the inability to break out of these ranges could jeopardize the prospects for a broader recovery in the cryptocurrency market. However
Miroslaw Bawulski 09:00 2025-04-18 UTC+2

Interest in Bitcoin and Ethereum Is Returning

While Bitcoin and Ethereum still struggle to regain strength and re-enter a bullish market—constantly alarming investors and traders with sharp declines toward the lower bounds of the sideways channels they've
Jakub Novak 06:52 2025-04-18 UTC+2

Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Thursday April 17, 2025.

After successfully exiting the Ascending Broadening Wedge pattern on the 4-hour chart of the Litecoin cryptocurrency followed by the appearance of Divergence between the Litecoin price movement and the Stochastic
Arief Makmur 06:40 2025-04-17 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 16

Pressure on the cryptocurrency market returned yesterday after traders and investors triggered a sell-off in the U.S. stock market. As I've noted repeatedly, the correlation between these two markets
Miroslaw Bawulski 09:01 2025-04-16 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 15

Bitcoin strengthened its position fairly well, nearly reaching the 86,000 level. Ethereum also showed gains but lost them by the end of the U.S. trading session. With easing tensions over
Miroslaw Bawulski 09:08 2025-04-15 UTC+2

Top analytics

Relevance up to 12:00 UTC--4
EUR/USD Analysis on April 23, 2025
18:44 2025-04-23
Wave analysis
Relevance up to 02:00 UTC--4
GBP/USD: Simple Trading Tips for Beginner Traders on April 23. Review of Yesterday's Forex Trades
08:48 2025-04-23
Forecast
Relevance up to 02:00 UTC--4
USD/JPY: Simple Trading Tips for Beginner Traders on April 23. Review of Yesterday's Forex Trades
08:48 2025-04-23
Forecast
Relevance up to 05:00 2025-04-28 UTC--4
The Likelihood of a Euro Reversal to the South Is Increasing
12:01 2025-04-23
Fundamental analysis
Relevance up to 06:00 UTC--4
US Market News Digest for April 23
12:17 2025-04-23
News
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.