Bitcoin News

Story: Bitcoin Takes a Breather Around $106K Before Potential New Rally

By Sakamoto Nashi

1 / 15

Market Needs Time to Digest Gains. Forster explained that the current slowdown gives the market time to “digest recent gains” and…

2 / 15

ETF Inflows Point to Institutional Demand. While Bitcoin’s spot price has slowed, there has been a large amount of capital flowing into…

3 / 15

Interest Rate and Legal News Add Uncertainty. Adding to the mix are two key factors that could impact Bitcoin’s price in the near term: U.S.

4 / 15

Q3 2025 Could Surprise to the Upside. Looking ahead, Forster said the third quarter of the year could bring unexpected strength.

5 / 15

Final Thoughts. Although Bitcoin’s price has cooled down slightly after hitting record highs, this “pause” may be…

6 / 15

Bitcoin (BTC) is currently taking a break after a strong rally that saw prices climb to a new all-time high of $111,970 in May 2025.

7 / 15

According to Nick Forster, founder of Derive, an on-chain options protocol, this kind of sideways price movement often follows a large rally.

8 / 15

Forster explained that the current slowdown gives the market time to “digest recent gains” and prepare for what may be the next upward phase.

9 / 15

Despite this pause, Bitcoin is still up more than 11% over the past month. Prices reached their highest point on May 22 and have slightly cooled since then.

10 / 15

Interestingly, these massive investments haven’t caused a sharp price increase yet. Forster said this is because ETF buyers, especially institutions, tend to hold their…

11 / 15

“Despite significant inflows into Bitcoin ETFs, Bitcoin’s price hasn’t experienced a matching rise,” Forster noted.

12 / 15

Adding to the mix are two key factors that could impact Bitcoin’s price in the near term: U.S. interest rates and recent court rulings on tariffs.

13 / 15

On May 28, the U.S. Court of International Trade ruled that former President Donald Trump overstepped his authority in imposing sweeping tariffs.

14 / 15

Forster believes the legal decisions around tariffs have eased fears of trade-driven inflation, which could support Bitcoin in the short term. But he also said the U.S.

15 / 15

Looking ahead, Forster said the third quarter of the year could bring unexpected strength. Historically, Q3 has been a slower period for Bitcoin.

The Currency Analytics

Want the full story?