Expert Predicts Bitcoin’s “Healthy” Pause Before Bull Run Resumes

The sideways movement of the leading cryptocurrency near $106,000 will give “the market time to digest recent gains” before entering a new upward impulse, according to Cointelegraph, quoting Derive founder Nick Forster.

The specialist noted that such price movement will not be a bearish signal. The consolidation will be of a “healthy” nature.

According to the expert, positive changes in the third quarter will be facilitated by favorable regulatory shifts and sustained interest from institutional investors.

On May 29, investors withdrew $358.7 million from spot bitcoin ETFs. This interrupted a ten-day inflow streak during which $4.26 billion was added to the products.

Notably, investors continued to increase positions in BlackRock’s IBIT ($125.1 million), while other exchange-traded funds saw outflows ranging from $6.1 million to $166.3 million.

Total inflows into products decreased to $44.99 billion. AUM amounted to $128.1 billion.

Earlier, CIO of Bitwise Matt Hougan predicted the inclusion of BTC-ETF in the client offerings of Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS by the end of 2025.

As reported in Bernstein, institutional purchases were identified as one of the five key factors for the continued growth of the leading cryptocurrency.