Bitcoin Dips to $104K, But Bullish Sentiment Holds
The Essentials at a Glance
Bitcoin (BTC) has lost value for four consecutive days – dropping from $110,000 to $104,000 USD. Despite the decline, demand remains strong. Large market participants (so-called “whales”) are making substantial BTC purchases. At the same time, fresh capital is flowing into the market. These factors point to a potential recovery. While short-term risks exist, the long-term outlook remains positive.
Four Days of Price Decline – But No Panic
For the first time since March 2025, Bitcoin’s price has fallen for four days in a row. The price dropped from $110,000 to $104,000 USD. Normally, this would trigger uncertainty. But this time is different: market sentiment remains optimistic. Many investors view the dip as a buying opportunity.
Strong Capital Inflows Despite High Prices
On May 29, 2025, Bitcoin recorded a net capital inflow of $1.8 billion USD. Such figures were last seen during the 2021 bull market. Back then, peak inflows reached $3.6 billion (at $73,000 USD) and $4.5 billion (at $92,000 USD). The current inflows indicate that investors continue to expect rising prices – despite already high valuations.
Whales Are Buying – Exchange Balances Are Shrinking
Large investors have purchased around 20,000 BTC over the past two days. At the same time, more than 50,000 BTC have been withdrawn from exchanges. This behaviour suggests accumulation. When investors move Bitcoin off exchanges, they typically intend to hold it long-term – not sell it in the short term.
The so-called “Exchange Netflow” has been negative for seven consecutive days. This means more BTC are leaving exchanges than entering. It’s a clear sign of confidence in the market.
Investors Remain Calm Despite the Decline
Although the price has dropped, on-chain data shows that most short-term investors are not selling. The “Short Term Holder SOPR” (Spent Output Profit Ratio) remains stable. This means many investors are still in profit – and are holding their positions. There are no signs of panic selling.
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What Happens Next?
Current demand suggests a potential recovery toward $109,000 USD. However, if the price continues to fall, investors who entered between $100,000 and $104,000 USD may become nervous. Selling from this group could put additional pressure on the market.
Our Assessment
The current decline in Bitcoin is no cause for concern – at least not from a fundamental perspective. The data shows: capital continues to flow into the market, large investors are buying, and the majority of holders remain calm. This points to a stable market structure.
Short-term fluctuations are possible. However, in the medium to long term, the trend appears to be upward – provided demand remains strong and major sell-offs are avoided.
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | 104857 |
| 24h % | 0.28 % |
| 7d % | -3.62 % |
| 30d % | 8.62 % |
| 60d % | 23.01 % |
| 1y % | 55.37 % |
| Market Cap | $2,084,066,092,236.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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