Bitcoin declined 5.5% last week, falling from $110,000 to below $106,000 after escalating geopolitical tensions between Israel and Iran sparked a “risk-off” mood in the markets.
Despite the price dip, on-chain data reveals a powerful counter-narrative. While headline prices dipped, institutional and corporate demand for Bitcoin and altcoins remained exceptionally strong, signaling high conviction from the market’s largest players.
4H Chart With DMI and EMA50. Source: TradingView
Institutional ETF Inflows Continue Unabated
Data from Lookonchain shows that spot Bitcoin ETFs saw another massive week of inflows. Ten Bitcoin ETFs added a combined 12,662 BTC worth $1.35 billion. BlackRock’s iShares Bitcoin Trust led with 10,337 BTC ($1.1B) added. Ethereum ETFs also saw inflows of 191,057 ETH ($501.72M). Again, iShares dominated with 138,016 ETH ($362.43M).
Bitcoin and Ethereum ETF Inflows (June 9–15, 2025). Source: Lookonchain
These large allocations from major firms signaled continued demand from institutional players, even as crypto prices pulled back.
Related : Profit-Takers Loom as Bitcoin Tests $110K Ceiling
Whales Accumulate Bitcoin and Ethereum
Strategy (MSTR) acquired 10,100 BTC ($1.05B), while Metaplanet added 1,112 BTC ($116.5M). On the Ethereum side, SharpLink purchased 176,271 ETH ($462.95M). A previously successful whale also bought 67,408 ETH worth $136 million.
On-chain transfer data showed ETH movements between Coinbase and Wintermute wallets, including a 26,000 ETH ($69M) transaction. These signals point to active accumulation from large holders despite recent volatility.
Related : Ethereum (ETH) Price Prediction For June 18, 2025
The total stablecoin market grew by $1.27 billion over the week. Tron led with a $1.38B increase in USDT and USDC, while Ethereum added $1.12B.
Stablecoin (USDT & USDC) 7-Day Change by Chain – June 16, 2025. Source: Lookonchain
Conversely, Avalanche saw the largest outflow, losing $768.6M. Other networks like TON and Aptos followed with $325M and $77.5M outflows, respectively.
A Mixed Picture for On-Chain User Activity
An analysis of on-chain user activity shows a more mixed picture across different blockchain ecosystems. The Layer-2 network Base recorded a 77.35% increase in daily active addresses and a 5.84% rise in daily transactions. Avalanche also saw a 74.94% jump in transactions, although its active addresses dropped 18.77%.
Hyperliquid’s TVL climbed 12.85%, the highest among top chains. However, it faced a 30.14% drop in active addresses and a 53.89% decline in transaction volume.
Ethereum’s TVL remained steady at $61.4B, but it saw a 3.32% decrease in daily active addresses. Solana gained 1.44% in TVL and saw a 9.62% rise in users, showing strong network engagement.
Despite the price-driven fear, institutional interest, stablecoin expansion, and selective network growth continued to support the broader crypto ecosystem.
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