Bitcoin (BTC) bounced back to $69,000 on June 12 after a dip to $66,000 the previous day due to macroeconomic uncertainties, miner selling pressure, and outflows from spot exchange-traded funds (ETFs). The US inflation data set a positive stage for risk-on assets like Bitcoin, pushing the S&P 500 to a record high. Traders are now speculating if Bitcoin can cross the $72,000 mark. The derivatives market seems to support this possibility. However, Bitcoin’s trajectory will largely depend on institutional inflows. Concerns are also rising that miners may dictate BTC price trends. On June 10, Marathon Digital sold 1,000 BTC, valued at nearly $70 million, negatively affecting investor sentiment towards Bitcoin.