Bitcoin manages to shake off a US nonfarm payrolls beat as Trump insists yet again that the Fed begins to cut interest rates — will Chair Jerome Powell listen?

Bitcoin nears $105K as Donald Trump demands 'full point' Fed rate cut

Bitcoin is showing signs of recovery after a brief but sharp dip triggered by 
recent market turbulence linked to public tensions between Donald Trump and 
Elon Musk. The price of BTC had dropped to nearly $100,000 during the height 
of the reaction, but has since rebounded. At the time of writing, Bitcoin is 
trading at $104,891, marking a steady recovery from the 24-hour low. While the 
broader crypto market continues to digest the fallout, new data suggests that 
another force, miner activity, is beginning to shape the near-term outlook. 
Related Reading: Bitcoin Pullback or Setup? On-Chain Metrics Hint at What’s 
Coming Next Bitcoin Surge in Miner Inflows Could Pressure Price Action 
According to on-chain analytics published by CryptoQuant contributor 
CryptoOnchain, Bitcoin miners have dramatically increased the volume of BTC 
transferred to exchanges. Between May 19 and May 28, miner-to-exchange inflows 
exceeded $1 billion per day, levels not seen in previous market cycles. These 
inflows are often viewed as a proxy for miners&#8217; intent to sell, which could 
influence short-term supply dynamics and introduce added volatility to BTC’s 
spot market performance. The rise in realized inflows from miners to exchanges 
is interpreted as a sign of growing sell-side pressure. Since miners are key 
liquidity providers in the Bitcoin ecosystem, large-scale transfers to 
exchanges are typically seen as preparations to offload BTC. Historically, 
spikes in miner outflows have preceded periods of downward price pressure, 
particularly when they occur alongside fragile market conditions. 
CryptoOnchain emphasizes that while miner selling isn’t inherently negative, 
it can impact short-term price stability. As a result, traders and investors 
often monitor these flows to better assess potential risks. When miner inflows 
surge, it reflects the sector’s sentiment regarding profitability, operational 
stress, or anticipated price changes. CryptoOnchain noted: Paying close 
attention to these inflows—especially during historical peaks like the current 
phase—can help with risk management and more informed trading decisions. Hash 
Ribbon Signal Suggests Longer-Term Opportunity Amid rising sell pressure, 
another indicator is flashing a potential opportunity. CryptoQuant analyst 
Darkfost noted that Bitcoin’s Hash Ribbons indicator, a metric derived from 
comparing 30-day and 60-day moving averages of network hashrate, has recently 
produced a new buy signal. This metric is used to evaluate miner stress and 
recovery phases, and is generally interpreted as a signal that miners have 
gone through a period of capitulation and are now stabilizing or recovering. 
This signal has historically aligned with favorable long-term entry points, 
except in unique events like China’s 2021 mining ban. While the short-term 
effects of mining stress may contribute to price weakness, analysts suggest 
that these periods often set the stage for longer-term rallies. When miner 
capitulation resolves, it can clear excess supply from the market and 
establish stronger support levels. Featured image created with DALL-E, Chart 
from TradingView

Bitcoin Recovers From $100K Dip While On-Chain Data Shows Rising Miner Activity

The current streak of three consecutive trading weeks of inflows has accounted 
for approximately 25% of the total net inflows since the spot Ether ETFs 
launched in July 2024.

Spot Ether ETFs 15-day inflow streak accumulates $837.5M inflows

Brazil is boldly leading a national trade overhaul, defying U.S. pressure as 
it champions local currency use and strengthens BRICS’ push for financial 
independence and resilience. Brazil Pushes BRICS Trade Shift Despite Trump 
Tariff Threat Brazilian President Luiz Inácio Lula da Silva said in a June 3 
interview with Le Monde that Brazil and its […]

Brazil Defies Trump Tariff Threats, Backs Dollar-Free BRICS Trade

Bitcoin dipped to $103,450 yesterday, wiping out about $1 billion in leveraged 
bets over the past 24 hours. Many traders hurried to sell, but the fall was 
short-lived. Related Reading: Bitcoin Reserve Gets Military Nod, Senator 
Predicts Explosive 10-Year Surge Bitcoin found its footing and climbed back to 
$104,400 by the time this report was filed. According to a recent analysis by 
crypto researcher Klarch, this pullback was expected and might just be a pit 
stop before another run to fresh highs. Recurring Cycle Patterns Based on 
examination by Klarch, Bitcoin tends to follow a familiar path after each 
halving. One year after the 2016 halving, it rose about 280%. After the 2020 
halving, it jumped roughly 550% in 367 days. Right now, Bitcoin has only moved 
up around 70% in the 416 days since the last halving. Klarch points out that 
in past cycles, these numbers picked up speed after a slow start. So, he says, 
there’s still room for more growth. Bitcoin cycles are identical… &#8211; In 2016, 
$BTC grew by 280%, 365 days after Halving &#8211; In 2020, $BTC grew by 550%, 367 
days after Halving &#8211; Now, 416 days post-Halving, $BTC +70% — growth ahead… 
History repeats, here’s $BTC’s near future🧵👇 pic.twitter.com/wshX4egwbC — 
Klarck (@0xklarck) June 5, 2025 These percentages matter because they hint at 
what might come next. If Bitcoin’s history repeats, the best gains could be 
just around the corner. Information from blockchain data supports this too. 
For example, trading volume and on-chain addresses hit new highs in recent 
weeks. That fits the pattern Klarch described—after the initial rise, there’s 
often a bigger rally. Signs Of The Next Surge Bitcoin set a record of $112,100 
on January 20, then edged up to $111,980 on May 22. Rather than signaling an 
end, Klarch believes these milestones mark the start of a higher peak. He sees 
those moves as part of the cycle’s build-up, not its climax. Based on his 
chart work, each cycle has multiple tops before it finally tops out. Klarch 
didn’t offer an exact date for a new peak, but he did suggest that Bitcoin has 
not yet hit its ceiling. He notes that a series of all-time highs usually 
happens when sentiment is still turning positive. Once more traders feel FOMO, 
the price often accelerates rapidly. Related Reading: Bitcoin Network Activity 
Booming Despite A Quiet Market—Data Demand And Liquidity Driving Price 
Liquidity pouring into the crypto market has been a key talking point. Klarch 
says that steady buys from institutions and US Bitcoin spot ETFs have made 
Bitcoin scarcer on exchanges. Michael Saylor&#8217;s Strategy and other big money 
players keep buying, which pushes supply lower. Based on figures presented by 
Klarch, this trend could lift Bitcoin to around $180,000—a rise of about 75% 
from current levels. VanEck, an asset manager, has shared a similar target. 
That makes Klarch’s outlook feel less like a lone voice. If big funds keep 
moving in and retail interest stays high, Bitcoin’s price might stay on the 
upswing. However, any pause in ETF inflows or a sudden shift in global markets 
could change that story. Featured image from Imagen, chart from TradingView

Bitcoin To Hit $180,000 In 2025? Analyst Highlights The Trigger

JAN3 founder Samson Mow says Elon Musk should go all in on Bitcoin before 
“they freeze his fiat assets.”