Crypto Market Outlook for the Americas: Bitcoin Faces Seasonal Pressure as Investment Flows Slow Down

By Omkar Godbole (all times Eastern Time unless stated otherwise) The cryptocurrency market, led by Bitcoin and other major players, is currently experiencing a period of uncertainty, with a decrease in investment flows into spot exchange-traded funds (ETFs) during a time of year that has historically been challenging. Research from 10x indicates that June is often a month of mixed or negative performance for the largest cryptocurrencies. Over the past decade, Bitcoin has averaged a return of 1.9% in June, with an equal split between positive and negative outcomes. In contrast, Ethereum's ether has averaged an 11.7% decline, with only two of the last seven Junes resulting in gains. XRP has fared even worse, although SOL has shown stronger performance. This lack of enthusiasm is reflected in the US-listed spot Bitcoin ETFs, which have recorded net inflows on only two of the last five trading days. The inflows on Wednesday were $87 million, a significant decrease from the $387 million on Tuesday, according to data from SoSoValuedata. Ether ETFs saw a net inflow of $57 million, the lowest since May 21. "The slowing pace of institutional investment confirms a loss of momentum, making us more cautious about the short-term outlook," said Valentin Fournier, lead research analyst at BRN, in an email. However, other analysts remain optimistic, citing the rapid pace of institutional adoption. "Despite the typical summer slowdown, the underlying fundamentals remain in place," QCP Capital stated. "With both BTC and ETH emission rates now lower than global money supply growth, a long-term positive price trend appears increasingly likely. New treasury buyers are absorbing supply." The firm also noted the relative strength of ether, as the ETH-BTC ratio trades near recent range highs. Over the past 24 hours, cryptocurrency news has been positive. Circle, the issuer of the regulated USDC stablecoin, priced its initial public offering at $31 per share, above the expected range of $24 to $26. The company sold around 34 million shares in the offering, resulting in a valuation of $1.1 billion. The California Assembly approved the AB-1052 bill, classifying long-inactive crypto assets as "unclaimed property" and allowing the state to hold them in custody. Blockchain intelligence firm Arkham reported that a whale address supposedly linked to Consensys purchased $320 million in ETH from Galaxy Digital and transferred it to a new address. However, economic developments have been disappointing. Three weak US economic reports, including the Fed's Beige Book, led to a decline in Treasury yields, reviving hopes for a Fed rate cut. Remain vigilant! Key Events to Watch Upcoming Conferences The CoinDesk Policy & Regulation conference, a one-day boutique event, will be held in Washington on September 10, bringing together general counsels, compliance officers, and regulatory executives with public officials responsible for crypto legislation and oversight. Token Analysis By Shaurya Malwa Derivatives Positioning Market Trends Bitcoin Statistics Technical Analysis Crypto Equities ETF Flows Spot BTC ETFs Spot ETH ETFs Source: Farside Investors Overnight Flows Chart of the Day While You Were Sleeping In the Ether