Bitcoin fell 5.5% last week, falling from $110,000 to less than $106,000 after escalating geopolitical tensions between Israel and Iran, creating a “risk-off” mood in the market.
Despite the falling prices, on-chain data reveals a strong anti-narrative. Although the price of the headline has fallen, the institutional and corporate demand for Bitcoin and altcoin is very strong, indicating a high belief from the biggest players in the market.
4H chart with DMI and EMA50. Source: TradingView
Institutions’ ETF inflows continue unabated
LookOnchain data shows that Spot Bitcoin ETF saw a massive week of influx. Ten Bitcoin ETFs totaled 12,662 BTC worth $1.35 billion. BlackRock’s iShares Bitcoin Trust has added 10,337 BTC ($1.1 billion). The Ethereum ETF also saw an influx of 191,057 ETH ($501.72M). Again, iShares was dominated by 138,016 ETH (362.43m).
Bitcoin and Ethereum ETF inflows (June 9-15, 2025). sauce: Lookonchain
These massive allocations from major companies indicate ongoing demand from institutional players, even if crypto prices are pulled back.
Related: For-profit scholars approach as Bitcoin tests $110K ceiling
Whales accumulate bitcoin and ethereum
The Strategy (MSTR) acquired 10,100 BTC ($105 million), while Metaplanet added 1,112 BTC ($116.5M). On the Ethereum side, Sharplink purchased 176,271 ETH ($462.95M). The previously successful whales also purchased 67,408 ETH worth $136 million.
Chain transfer data showed ETH movements between Coinbase and Winter Mute Wallet, including 26,000 ETH ($69 million) transactions. These signals show a positive accumulation from large holders despite recent volatility.
Related: Ethereum (ETH) Price Forecast June 18, 2025
The total in the Stablecoin market increased by $1.27 billion in a week. Tron has increased USDT and USDC by $1.38 billion, while Ethereum adds $11.2 billion.
Seven-day changes via Stablecoin (USDT & USDC) chain – June 16, 2025. Source: LookonChain
Conversely, the avalanche saw the biggest runoff and lost $768.6 million. Other networks such as Ton and Aptos continued to have leaks of $325 million and $77.5 million, respectively.
Mixed Images for On-Chain User Activities
Analysis of on-chain user activity shows more complex images across different blockchain ecosystems. Layer-2 network base has increased daily active addresses by 77.35% and daily transactions by 5.84%. Avalanche also saw a 74.94% jump in transactions, but its active address fell by 18.77%.
Hyperliquid’s TVL rose at 12.85%, the highest among the top chains. However, active addresses have decreased by 30.14% and transaction volumes have decreased by 53.89%.
Ethereum’s TVL remained stable at $61.4 billion, but daily active addresses fell by 3.32%. Solana scored 1.44% on TVL, with a 9.62% increase in users, indicating strong network engagement.
Despite price-driven horrors, institutional interest, absurd expansions, and growing selective networks, it continued to support a wider crypto ecosystem.
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