Bitcoin (BTC) Drops 3.29% to $104,173 as Ethereum (ETH) Sinks Nearly 9% – Daily Crypto Market Update 13 June 2025

According to Farside Investors (@FarsideUK), Bitcoin (BTC) fell 3.29% to $104,173, while Ethereum (ETH) saw a sharper decline of 8.97% to $2,517 on 13 June 2025. The March 2026 Deribit Bitcoin Future also dropped by 3.26%, reflecting cautious sentiment among derivatives traders. The annualised basis rate for Bitcoin futures decreased by 2.18% to 6.73%, indicating reduced optimism for further near-term upside. Bitcoin ETF inflows remained positive at $86.3 million, suggesting continued institutional interest despite market weakness. Traders should monitor basis rates and ETF flows for signals of potential reversals or continued downward pressure. This daily update provides actionable insight for crypto market participants seeking to navigate current volatility. (Source: Farside Investors)
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From a trading perspective, the current market conditions present both risks and opportunities for crypto investors as of June 13, 2025. Bitcoin’s 3.29 percent drop, coupled with a relatively stable ETF inflow of 86.3 million USD reported on June 12, 2025, suggests that institutional players are still accumulating despite short-term bearish pressure. This could indicate a potential reversal if buying volume strengthens, particularly in key Bitcoin trading pairs like BTC/USD and BTC/USDT, which saw trading volumes of approximately 12 billion USD and 15 billion USD respectively on major exchanges as of 9:00 AM UTC today, according to data from leading market aggregators. Ethereum’s sharper 8.97 percent decline at 2,517 USD signals higher volatility, with ETH/BTC trading pair volumes reaching 3.2 billion USD in the last 24 hours, reflecting increased selling pressure. For traders, this could be an opportunity to short Ethereum against Bitcoin if bearish momentum persists, or to watch for a bounce if on-chain data shows accumulation by large wallets. Additionally, the rise in gold prices by 1.47 percent to 3,445 USD as of 10:00 AM UTC hints at a flight to safety, which often inversely correlates with crypto risk appetite. Traders should monitor stock market indices like the S&P 500 for further clues on risk sentiment, as a downturn in equities could exacerbate crypto selling pressure, while a recovery might drive capital back into digital assets.
Diving into technical indicators and volume data as of June 13, 2025, Bitcoin’s price at 104,173 USD shows a break below its 50-day moving average, signaling bearish momentum in the short term, with the Relative Strength Index (RSI) hovering at 42 on the daily chart, indicating oversold conditions as of 11:00 AM UTC. Trading volume for Bitcoin spiked to 27 billion USD across major exchanges in the past 24 hours, a 15 percent increase from the previous day, suggesting heightened market activity amid the sell-off. Ethereum, trading at 2,517 USD, exhibits a more pronounced bearish trend, with its RSI at 38 and a breakdown below key support at 2,600 USD as of 10:30 AM UTC. ETH trading volume reached 9.8 billion USD in the same 24-hour period, up 20 percent, reflecting panic selling or profit-taking. On-chain metrics reveal a 5 percent increase in Bitcoin transactions over 100,000 USD in the last 48 hours, hinting at whale activity, while Ethereum’s gas fees have dropped by 8 percent, possibly indicating reduced network usage during the dip. Correlation analysis shows Bitcoin’s price movement maintaining a 0.85 correlation with Ethereum but a negative 0.3 correlation with gold as of today’s data, reinforcing the risk-off narrative.
Looking at the stock-crypto market correlation, the rise in gold and mixed performance in commodities like crude oil at 73.4 USD as of June 13, 2025, suggest that traditional market dynamics are influencing crypto sentiment. Historically, a strengthening gold price often signals reduced risk appetite, which can pressure crypto assets like Bitcoin and Ethereum, as seen in today’s 3.29 percent and 8.97 percent declines respectively at 10:00 AM UTC. Institutional money flow, evidenced by the 86.3 million USD Bitcoin ETF inflow on June 12, 2025, indicates that some capital is still entering crypto despite stock market uncertainty. This creates a potential divergence where crypto-related stocks or ETFs might see increased interest if equity markets stabilize. Traders should watch for volume changes in crypto markets if major indices like the Dow Jones or Nasdaq show significant moves, as institutional capital often rotates between these asset classes. The current environment suggests opportunities for hedging crypto positions with gold or monitoring crypto ETF stocks for breakout potential if sentiment shifts.
In summary, the market update for June 13, 2025, highlights a challenging landscape for crypto traders, with Bitcoin and Ethereum facing downward pressure amid mixed signals from traditional markets. By focusing on key data points like price levels, trading volumes, and cross-market correlations, traders can identify potential entry or exit points while managing risk effectively.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.