Institutional Bitcoin accumulation continues to soar, potentially fueling the BTC price rally.
Bitcoin (BTC), the leading cryptocurrency, is once again gaining market attention. This time, the flagship coin made history, ending June with a new monthly close.
This price surge led to speculations and discussions about whether another All-Time High (ATH) is on the horizon.
Crypto analyst PlanB noted that Bitcoin has surpassed its previous highest monthly close. According to PlanB, BTC ended June at $107,179, the highest month close in history.
The last highest monthly BTC price recorded was in May and January. At the time, Bitcoin traded at $104,600 and $102,450, respectively.
PlanB is optimistic that the June monthly records could result in Bitcoin hitting new highs. He thinks there is more room above for the leading coin.
Another analyst, Rekt Capital, confirmed that Bitcoin has completely broken out of its monthly range. However, the analyst emphasized that BTC buy-ups need to step in for the trend to continue.
Rekt Capital added that Bitcoin can still face more retests to fuel the next uptrend. He thinks this move could happen even before higher volume comes.
As of this writing, the price of Bitcoin was pegged at $106,844. BTC is down slightly by 0.6% over the past 24 hours. The daily trading volume, however, experienced a moderate increase of 14.5% to $43 billion.
Typically, a spike in trading volume indicates high market activity. For Bitcoin, it means that the activity of traders and investors has driven the price of the coin.
Meanwhile, Matrixport research identified July as a positive month for Bitcoin price. With the current market trend, this may also play out in the next few months and quarters.
Recent Bitcoin mining activities have contributed to BTC reaching a historical record in June.
JPMorgan noted in a research paper that US-based Bitcoin mining firms saw huge revenues in the first quarter of 2025.
The miners earned a gross profit of about $2.0 billion with gross margins of 53%. These figures are compared with $1.7 billion and 50%, recorded in the previous quarter.
MARA Holdings (MARA) mined the most Bitcoin for the ninth consecutive quarter, according to the Bank. On the other hand, IREN (IREN) earned the most gross profit for the first time.
In its latest report, JPMorgan stated that the Bitcoin network’s monthly average hashrate decreased by approximately 3% in June.
Traders and investors can interpret the decline in hashrate as a bearish signal. The negative sentiment may be contributing to the latest price declines.
Meanwhile, Bitcoin has seen increased adoption from institutional players. The spot Bitcoin Exchange-Traded Fund (ETF) market has seen robust inflows over the past few weeks.
Leading asset manager BlackRock recently led the institutional accumulation of BTC. BlackRock saw inflows of over $1.3 billion in just a week.
The Coinbase Premium Gap further underscores the substantial accumulation of Bitcoin by institutional investors. This metric, a measure of US spot demand, held positive for 73 consecutive days.
Such a position suggests persistent institutional spot buying on Coinbase, where US-regulated entities often trade.
Michael Saylor’s Strategy did not give up on its Bitcoin acquisition strategy.
The corporate Bitcoin holder recently purchased 4,980 BTC, valued at about $531.2 million. This purchase pushed the firm’s total Bitcoin holdings to 597,325 BTC.
MSTR stock also rose to $389.70 in Pre-market trading hours, following the latest BTC buy.
These broader accumulation trends are poised to help change the overall outlook of the Bitcoin price. Beyond the legacy buyers, more institutional investors are now backing the coin.
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