Bitcoin Price Holds Above $105K: Technical Analysis and Key Levels for June 3, 2025
Based on the latest market data and trading activity, here’s a comprehensive analysis of cryptocurrency performance as of Tuesday morning, June 3, 2025.
Market Overview
Bitcoin is trading at $105,400.01, showing a modest gain of +0.46% in the current session. The broader crypto market is displaying mixed signals with Ethereum leading major cryptocurrencies with a strong +4.67% gain to $2,611.63, while Bitcoin maintains consolidation above the psychological $105,000 level.
Previous Day’s Market Action (June 2)
Major Outflows Hit Bitcoin ETFs
The most significant development from June 2 was massive Bitcoin ETF outflows totaling $267.5 million, with major withdrawals from IBIT (-$130.4M), ARKB (-$73.9M), FBTC (-$50.1M), and GBTC (-$16.5M). Only BITB reported minor inflows of $3.4 million, signaling bearish sentiment among institutional investors.
Bitcoin experienced selling pressure on June 2, dipping below $104,000 amid geopolitical tensions related to Russia-Ukraine conflicts and mixed regulatory signals. The cryptocurrency fell from around $110,000 earlier in the week to an intraweek low of $103,400 by May 30.
Technical Analysis
Bitcoin (BTC)
From the technical perspective, Bitcoin broke above its 50-day moving average of $68,000 on the 4-hour chart, with the Relative Strength Index (RSI) climbing to 62, indicating room for further upside before overbought conditions. The current price action shows Bitcoin testing resistance around the $105,000-$106,000 range.
Ethereum (ETH)
Ethereum is showing strong momentum with a +4.67% gain, trading at $2,611.63. The cryptocurrency is forming a classic inverse head and shoulders pattern, signaling a potential bullish reversal, with a breakout above the neckline near $2,580 potentially triggering a move toward $2,800-$2,850.
Extraordinary Performers
Top Gainers:
- SOPH: +41.69% to $0.07079 – Leading the session with exceptional gains
- HUMA: +17.34% to $0.04379 – Strong performance in the AI/DeFi sector
- WIF: +12.24% to $0.9630 – Meme coin showing renewed interest
- ENA: +10.44% to $0.3354 – Decentralized finance token gaining momentum
- HYPE: +9.88% to $36.25 – Significant gains in the social trading sector
- PEPE: +9.09% to $0.00001260 – Meme coin rally continues
Notable Decliners:
- LABUBU: -23.71% to $0.04193 – Facing significant selling pressure
- FLOCK: -19.98% to $0.2127 – Major correction in the social token space
Major Cryptocurrencies Performance
| Asset | Price | 24h Change | Market Cap | Volume |
|---|---|---|---|---|
| BTC | $105,400.01 | +0.46% | $2.1T | $690.6M |
| ETH | $2,611.63 | +4.67% | $315.95B | $436.17M |
| XRP | $2.2053 | +1.75% | $129.55B | $57.51M |
| SOL | $159.68 | +2.69% | $83.42B | $186.84M |
| BNB | $667.5 | +1.52% | $94.06B | $1.68M |
| ADA | $0.6957 | +2.47% | $24.61B | $12.86M |
| LTC | $89.73 | +2.26% | $6.82B | $12.87M |
Market Drivers and Analysis
Institutional Sentiment
Despite the ETF outflows on June 2, crypto funds maintained their multi-week inflow streak with $286 million of inflows in the week ending May 30, bringing a seven-week run to $10.9 billion. Ether ETPs led with $321 million in inflows, marking the strongest run since late December 2024.
On-Chain Metrics
Bitcoin’s daily active addresses increased by 15% to 850,000 as of June 3, 2025, signaling heightened network activity. Ethereum’s gas fees spiked by 10% to an average of 25 Gwei, reflecting increased transaction demand.
Regulatory Environment
The market faces mixed regulatory signals with the SEC’s changing stance on crypto staking services and Singapore’s Monetary Authority imposing strict deadlines for local cryptocurrency service providers.
However, South Korea’s upcoming presidential election promises pro-crypto policies regardless of the outcome.
Volume and Liquidity Analysis
Trading volume for BTC across spot markets reached $40 billion by noon UTC on June 3, representing a 30% jump from the prior 24 hours, while ETH volume hit $20 billion, up 22%.
The correlation between stock and crypto markets remains strong, with Bitcoin showing a 0.85 correlation coefficient with the Nasdaq over the past week.
Outlook and Key Levels
Bitcoin: Key resistance levels to watch at $106,000 and $107,000. Support remains around $104,000-$103,000.
Ethereum: Breaking above $2,700 could confirm the inverse head and shoulders pattern, targeting $2,800-$2,850.
Market Sentiment: The Fear & Greed Index stands at 57 (Greed) out of 100, indicating cautiously optimistic sentiment.
June Token Unlocks Impact
June 2025 will see $3.3 billion in crypto unlocks, a 32% decrease from May’s $4.9 billion. Major unlocks include Metars Genesis ($193M on June 21) and Sui ($160M on June 1), which could create additional selling pressure throughout the month.
The crypto market shows resilience despite recent institutional outflows, with Ethereum leading the recovery while Bitcoin consolidates above key support levels. Traders should monitor ETF flows closely as they have become a leading indicator of institutional positioning and market momentum.
Live Market IntelligenceCrypto — Live Market Board
Rio Times · Live Market Intelligence
Crypto — Live Market Board
-0.20%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| BTC | 64,294 | -0.20% | -39.04% | 64,421 | 64,631 | 64,206 | 16,992,166,912 |
| ETH | 1,666 | -0.86% | -34.25% | 1,680 | 1,687 | 1,666 | 5,825,971,200 |
| SOL | 67.73 | -1.66% | -53.20% | 68.87 | 69.02 | 67.73 | 1,445,534,080 |
| XRP | 1.14 | -1.13% | -46.90% | 1.15 | 1.16 | 1.14 | 886,083,584 |
| BNB | 610.80 | +0.21% | -5.44% | 609.54 | 612.32 | 608.08 | 788,270,912 |
| ADA | 0.17 | -1.95% | -73.05% | 0.17 | 0.17 | 0.17 | 283,819,360 |
| DOGE | 0.09 | -1.55% | -51.53% | 0.09 | 0.09 | 0.09 | 476,298,240 |
| AVAX | 6.60 | -1.72% | -65.19% | 6.72 | 6.72 | 6.60 | 168,552,560 |
| LINK | 7.88 | -1.21% | -40.15% | 7.98 | 7.99 | 7.88 | 178,484,848 |
| DOT | 0.96 | -1.73% | -74.56% | 0.98 | 0.98 | 0.96 | 66,941,392 |
| LTC | 43.97 | -0.71% | -48.42% | 44.29 | 44.57 | 43.92 | 198,467,744 |
| BCH | 202.98 | -2.76% | -52.88% | 208.73 | 209.14 | 202.74 | 106,905,136 |
| TRX | 0.32 | +0.26% | +17.21% | 0.32 | 0.32 | 0.32 | 371,571,616 |
| XLM | 0.18 | -2.26% | -28.72% | 0.19 | 0.19 | 0.18 | 141,672,848 |
| HBAR | 0.08 | +0.16% | -49.48% | 0.08 | 0.08 | 0.08 | 47,870,120 |
| NEAR | 2.09 | -1.76% | -6.54% | 2.13 | 2.17 | 2.09 | 309,250,272 |
| ATOM | 1.93 | -1.11% | -52.95% | 1.95 | 1.95 | 1.93 | 26,636,482 |
| AAVE | 65.63 | -2.10% | -76.23% | 67.04 | 67.61 | 65.64 | 100,106,000 |
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