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FTX stablecoin payouts and ETF inflows could boost Bitcoin in June
Bitcoin could benefit from favorable market conditions through July, before seasonal headwinds and tariff deadlines take effect, analysts say.
Bitcoin (BTC) has jumped more than 25% since April, and it’s now holding near $106,000 with several signs pointing to more upside in the coming weeks, analysts at Matrixport say. In a Friday report, the analysts suggested that a new all-time high might be within reach due to several positive catalysts on the horizon.
According to the report, Bitcoin has surged back to the upper end of its range at $106,000, and with multiple positive catalysts on the horizon, a new all-time high “may be within reach.” One of the biggest near-term catalysts could be the upcoming round of FTX creditor distributions, expected to begin around May 30, the analysts say.
The firm also pointed to continued inflows into Bitcoin ETFs as a key driver. Along with the FTX-related liquidity, Matrixport sees a “favorable window until July” where multiple tailwinds could align. These include the end of the 90-day tariff truce, the start of Q2 earnings season, and a possible peak in its internal liquidity measure.
Political developments may also help as U.S. President Donald Trump has shifted his focus to announcing inbound investments and deals, “bolstering positive sentiment for the stock market and Bitcoin,” the analysts said.
Matrixport believes the broader environment remains supportive, especially with “potential deregulation efforts” and what it described as “a coordinated interest in maintaining high Bitcoin prices,” maintaining a constructive view since Bitcoin broke above $84,500.