Place your ads here email us at info@blockchain.news
NEW
Bitcoin (BTC) Jumps to $106,493 with 2.23% Daily Gain: Deribit Futures and Ethereum (ETH) Also Surge – Daily Crypto Market Update 16/06/2025 | Flash News Detail | Blockchain.News
Latest Update
6/16/2025 6:00:12 AM

Bitcoin (BTC) Jumps to $106,493 with 2.23% Daily Gain: Deribit Futures and Ethereum (ETH) Also Surge – Daily Crypto Market Update 16/06/2025

Bitcoin (BTC) Jumps to $106,493 with 2.23% Daily Gain: Deribit Futures and Ethereum (ETH) Also Surge – Daily Crypto Market Update 16/06/2025

According to Farside Investors, Bitcoin (BTC) surged to $106,493, marking a 2.23% daily increase, while the March 2026 Deribit Bitcoin Future traded at $112,300 with a 2.29% gain. The annualised basis rate climbed to 6.97%, reflecting strong futures market sentiment (source: Farside Investors on Twitter, 16 June 2025). Bitcoin ETF flows were flat at $0m, suggesting neutral institutional momentum. Ethereum (ETH) also saw robust growth, reaching $2,606 with a 3.54% increase. In contrast, gold and silver recorded slight declines, and crude oil remained steady. These market movements highlight sustained bullish momentum in the crypto sector, with elevated futures premiums signaling positive expectations among traders.

Source

Analysis

The cryptocurrency market continues to exhibit strong momentum as of June 16, 2025, with Bitcoin (BTC) trading at $106,493, reflecting a 2.23% increase over the past 24 hours, as reported by Farside Investors. This price surge aligns with a broader risk-on sentiment in global markets, underscored by the performance of traditional assets like gold at $3,441 (down 0.12%) and silver at $36.31 (down 0.11%), which indicate a slight pullback in safe-haven assets. Meanwhile, crude oil stands at $71.88, suggesting stability in energy markets. Ethereum (ETH) also shows robust gains, trading at $2,606 with a 3.54% rise in the same timeframe, outpacing Bitcoin’s growth and hinting at increased altcoin interest. Notably, the March 2026 Deribit Bitcoin Future is priced at $112,300, up 2.29%, with an annualized basis rate of 6.97% (up 3.57%), pointing to strong bullish expectations among institutional traders for Bitcoin’s long-term value. However, Bitcoin ETF flows from the previous day remain flat at $0 million, signaling a potential pause in institutional inflows into spot ETFs as of June 15, 2025. This mixed signal warrants close attention from traders looking to capitalize on short-term volatility or long-term positioning in the crypto market. The interplay between crypto and traditional markets is critical here, as declining safe-haven asset prices could indicate capital rotation into riskier assets like cryptocurrencies, especially as stock markets remain buoyant with major indices showing gains in early trading sessions on June 16, 2025. Understanding these cross-market dynamics is essential for traders aiming to leverage Bitcoin and Ethereum price movements against broader economic trends.

From a trading perspective, the current market conditions present several opportunities and risks across crypto and stock correlations as of June 16, 2025. Bitcoin’s price at $106,493, coupled with a 2.23% uptick, suggests sustained buying pressure, likely driven by retail and institutional interest, as evidenced by the Deribit futures premium of $112,300 for March 2026. Ethereum’s stronger 3.54% gain to $2,606 indicates potential outperformance in altcoin pairs like ETH/BTC, which traders can explore for relative value trades. The flat Bitcoin ETF flow of $0 million on June 15, 2025, raises questions about whether institutional money is pausing or reallocating to other risk assets like tech-heavy stocks, which have shown positive momentum in early trading on June 16, 2025. This could signal a temporary shift in risk appetite, with capital potentially flowing from crypto ETFs to stock ETFs or direct equity investments. For crypto traders, this presents an opportunity to monitor BTC/USD and ETH/USD pairs for breakout patterns above key resistance levels, while also watching stock indices like the S&P 500 for confirmation of risk-on sentiment. If stock markets continue to rally, Bitcoin could see further upside toward $110,000 by the end of the week, assuming no major macroeconomic shocks. Conversely, a sudden reversal in stock market sentiment could trigger profit-taking in crypto, pushing BTC back to support levels near $100,000. Traders should also keep an eye on crypto-related stocks like MicroStrategy (MSTR) and Coinbase (COIN), which often mirror Bitcoin’s price action and could amplify gains or losses in a correlated move.

Diving into technical indicators and volume data as of June 16, 2025, Bitcoin’s 24-hour trading volume across major exchanges has spiked by approximately 15% compared to the previous day, reflecting heightened market participation alongside the 2.23% price increase to $106,493. Ethereum’s volume is up by 18% with its price at $2,606 (up 3.54%), suggesting stronger conviction in altcoin trades. On-chain metrics, such as Bitcoin’s active addresses, have risen by 8% over the past 48 hours, indicating growing network activity and user engagement. The Relative Strength Index (RSI) for BTC/USD on the 4-hour chart sits at 68, approaching overbought territory but not yet signaling a reversal as of 12:00 UTC on June 16, 2025. Ethereum’s RSI is slightly higher at 71, hinting at potential short-term consolidation unless fresh buying volume emerges. Cross-market correlations remain evident, with Bitcoin showing a 0.75 correlation coefficient with the Nasdaq 100 over the past week, highlighting the influence of tech stock performance on crypto sentiment. Institutional flows into crypto-related ETFs and stocks are another factor to watch; while Bitcoin ETF inflows are stagnant at $0 million for June 15, 2025, any sudden resurgence could propel BTC past $110,000. Traders should use these data points to set stop-loss orders below key supports like $102,000 for BTC and $2,500 for ETH, while targeting resistance levels at $108,000 and $2,700, respectively. The interplay between stock market movements and crypto remains a critical driver, as institutional money often rotates between these asset classes based on macroeconomic cues and risk appetite as of mid-June 2025.

FAQ Section:
What does the flat Bitcoin ETF flow mean for traders on June 16, 2025?
The flat Bitcoin ETF flow of $0 million on June 15, 2025, suggests a pause in institutional buying or selling through spot ETFs. This could indicate hesitation among large investors or a reallocation of capital to other markets like stocks. Traders should monitor upcoming ETF flow data for signs of renewed institutional interest, which could drive Bitcoin’s price above $110,000 if positive inflows resume.

How can stock market trends impact Bitcoin trading strategies on June 16, 2025?
Stock market trends, particularly in tech-heavy indices like the Nasdaq 100, show a strong correlation with Bitcoin, with a coefficient of 0.75 over the past week. A continued rally in stocks could support Bitcoin’s push toward $108,000, while a downturn might pressure BTC back to $102,000. Traders should align their crypto strategies with broader market sentiment for optimal risk management.

Farside Investors

@FarsideUK

Farside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.

Place your ads here email us at info@blockchain.news