Bitcoin and Cryptocurrency Weak in June! Will History Repeat Itself?

Bitcoin (BTC) and other major cryptocurrencies have struggled to provide investors with clear directional signals in the context of a historic bear market in June, exacerbating the recession as inflows into spot Bitcoin ETFs slow down. Bitcoin and cryptocurrencies are weak in June: ETF capital inflow is slow. According to data published by 10x Research, June is often a mixed or negative month for Bitcoin. Over the past 10 years, the average return of BTC in this month has been recorded at 1.9%, with half of those months being positive and half being negative. Ethereum (ETH) performed less efficiently: it only increased in two out of the last six months, with an average decline of 11.7%. XRP performed even worse, while Solana (SOL) remained relatively more resilient. This weak outlook is also reflected in the decline of interest in Bitcoin spot ETFs traded in the United States. According to data from SoSoValue, these ETFs have only seen net inflows on two of the last five trading days. The ETF inflow remained at 87 million dollars on Wednesday, a sharp fall from 387 million dollars on Tuesday. The inflow into Ethereum ETF also decreased to 57 million dollars, the lowest level since May. Valentin Fournier, the chief research analyst at BRN, said: "The slowing pace of investment inflows from institutions indicates that we are losing momentum and must be cautious about short-term prospects." However, some analysts are more optimistic. "Despite the summer lull, the structurally positive fundamentals remain. The growth rate of BTC and ETH supply is currently slower than the growth rate of the global money supply, increasing the likelihood of positive price action in the long term. New treasury buyers are absorbing supply," QCP Capital said. The company also pointed to Ethereum's relative strength, noting that the ETH-BTC ratio is trading near recent highs.