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Генеральный директор Strategy Майкл Сэйлор (Michael Saylor) в интервью изданию Bloomberg прокомментировал агрессивную стратегию компании по покупке биткоина и заявил, что биткоин не упадет до нуля, а наоборот, взлетит до $1 млн.

Financial commentator Gary Cardone ignited a heated debate this week after he accused XRP of siding with authoritarian powers to stay relevant.

His statements followed speculation that the European Central Bank (ECB) could use the XRP Ledger to power its upcoming digital euro project. No formal decision has been made by the ECB, but the rumor alone was enough to stir strong opinions.

Cardone Slams XRP And Christine Lagarde

Cardone didn’t hold back in his comments. He said XRP would “take any path it needs to survive,” even if that meant teaming up with “the most oppressive people on the planet.”

He called ECB President Christine Lagarde “Ms. Cringe” and claimed she wants to turn Europe into a “prison continent.”

Is XRP The Covid-19 Of Finance? Expert Thinks So

It didn’t stop there. Cardone compared the altcoin’s role in global finance to a second wave of Covid-19. “It’s Covid-19 Part Two in finance,” he posted. He also said supporting XRP is like voting for “European warmongers.”

These comments lit a fire under the XRP community, who were quick to respond.

XRP will take any path they need to survive including coordinating with the most oppressive people on planet Earth, one of them pictured below, Ms Cringe, who will do whatever is needed to turn Europe into a Prison Continent, so there is martial law everywhere and they can scam… https://t.co/ZfXFhWQoiD

— Gary Cardone (@GaryCardone) June 9, 2025

Rumors About The Digital Euro Continue

There’s been growing talk that the ECB might launch the digital euro using blockchain tech. Some believe the Ledger is in the running. But so far, the central bank hasn’t confirmed anything.

It hasn’t even committed to launching the digital euro yet. The European Parliament still needs to approve it.

Ripple, the company tied to XRP, has held talks with central banks in countries like Palau and Georgia. They’ve already launched pilot programs with Ripple’s help. But that doesn’t mean the ECB is next in line.

Despite the lack of official backing, XRP fans are hopeful. Any involvement with a central bank brings a level of legitimacy. For some, it’s exciting. For others, it’s a red flag.

Supporters Push Back On Cardone’s Claims

Crypto influencers wasted no time hitting back at Cardone. Robert Doyle, known online as Crypto Sensei, called the claims “factually wrong” and clarified there’s no proof the ECB picked XRP Ledger for anything.

Moon Lambo, another well-known voice in the crypto community, said Cardone may have fallen for fake news. He even suggested Cardone is pushing an agenda, calling it “XRP Derangement Syndrome.”

You suffer from the affliction known as $XRP derangement syndrome.

— Moon Lambo (@MoonLamboio) May 10, 2025

Moon Lambo linked to the ECB’s official website, showing that no platform decisions have been made. He warned that careless posts damage credibility and urged Cardone to act with integrity.

Divided Views Over Altcoin’s Role In Global Finance

This debate reveals a bigger split in the crypto world. Some people think working with governments and banks shows that a crypto project is useful. Others say it’s a betrayal of what crypto was built for—freedom from centralized control.

Featured image from Imagen, chart from TradingView

Профессор права Джорджтаунского университета Адам Левитин (Adam Levitin) заявил, что проект закона о стейблкоинах Genius предоставляет необоснованные преференции владельцам цифровых активов, которые смогут первыми претендовать на возврат своих активов в случае банкротства банка.

Профессор права Джорджтаунского университета Адам Левитин (Adam Levitin) заявил, что проект закона о стейблкоинах Genius предоставляет необоснованные преференции владельцам цифровых активов, которые смогут первыми претендовать на возврат своих активов в случае банкротства банка.

A South Korean lawmaker has introduced a comprehensive bill aimed at establishing a more structured regulatory environment for crypto assets in the country. The proposed legislation, known as the Digital Asset Basic Act, was announced Tuesday by Min Byeong-deok, a member of the ruling Democratic Party.

The bill is designed to complement the Virtual Asset Investor Protection Act, which took effect in July 2024, by going beyond investor safeguards to define a broader legal foundation for digital asset activity.

Aligning with Global Stablecoin Trends

At a press conference, Min described the bill as a step toward positioning South Korea as a global leader in the digital economy. A key feature of the legislation is the implementation of a licensing system for stablecoin issuers.

Under the proposed rules, stablecoin operators would be required to hold a minimum of 500 million Korean won (approximately $367,890) in owner’s capital to qualify for a license. This requirement is intended to ensure financial accountability and support the government’s broader goal of promoting Korean won-denominated stablecoins.

The stablecoin licensing provision appears to support the administration’s broader policy agenda under President Lee Jae-myung, who previously committed to enabling a domestic stablecoin market.

Min, who led the digital asset committee during President Lee’s election campaign, indicated that the measure aims to curb capital flight through foreign-currency-based stablecoins and support a robust local digital financial system.

The legislative push follows similar developments in other jurisdictions. In the United States, the Genius Act, which addresses stablecoin regulation, is gaining traction with support from President Donald Trump. Meanwhile, Hong Kong recently enacted its own licensing framework for stablecoin issuers.

These international examples appear to inform South Korea’s approach, as Min highlighted parallels with regulatory practices in the US, European Union, and Japan,particularly regarding the issuance, distribution, and trading of digital assets.

Establishing Broader Oversight of Digital Assets

Beyond stablecoins, the Digital Asset Basic Act seeks to provide legal clarity on digital asset classifications and the responsibilities of service providers operating within the ecosystem.

The bill includes provisions for the creation of a Digital Asset Committee to be directly overseen by the Office of the President, emphasizing a centralized oversight mechanism.

In addition to structural reforms, the proposed legislation outlines legal frameworks to address market misconduct. These include penalties for unfair trading practices such as price manipulation or the dissemination of false information, areas not directly addressed by prior laws.

The bill also includes measures to standardize compliance procedures for exchanges and custodians operating in the country. If enacted, the Digital Asset Basic Act would mark a significant step in the evolution of South Korea’s crypto regulatory space.

As jurisdictions around the world continue to develop their approaches to digital finance, South Korea’s proposed framework positions it among the countries seeking to balance innovation with oversight. The bill is expected to undergo further review and discussion in the National Assembly in the coming months.

Featured image created with DALL-E, Chart from TradingView

The coming Bank of Japan meeting on June 16–17 could shake up both stock markets and crypto trading around the world. Bitcoin traders especially are on edge. Arthur Hayes, co-founder of BitMEX, warned that a shift by the BOJ might send risk assets much higher.

BOJ Meeting On June 16–17

According to Hayes, if the BOJ holds off on reducing its bond purchases and instead brings back some quantitative easing, markets will get a big push. Right now, the bank is doing what’s called quantitative tightening. On July 31, 2024, it cut government bond buys by 400 billion yen a quarter. That started in August 2024. The BOJ plans to check how that’s working at this month’s meeting.

Shifts In Bond Buying Plans

Based on reports from unnamed sources, some BOJ officials want to slow down the cuts even more. They’re talking about dropping bond purchases by 200 billion yen per quarter starting in April 2027. That would mean less money leaving the market. It’s a sign they’re ready to be more cautious if economic data weakens at home.

I don’t think ordinary Japanese plebes would agree. If the BOJ delays QT, and restarts selected QE at its June meeting risk assets are going to fly.

LFG $BTC pic.twitter.com/ET08M6tWeS

— Arthur Hayes (@CryptoHayes) June 10, 2025

Bitcoin Reacts To Rising Yields

Bitcoin hit a high of $112,000 on May 22. That came just two days after Japan’s 30-year bond yield jumped to 3.185% on May 20, 2025. Traders saw that spike in long-term yields as a warning sign about Japan’s debt load. Some big investors then looked to Bitcoin as a place free from government default risk.

Future Risks And Hopes

André Dragosch of Bitwise Europe said that if yields keep rising, Bitcoin could head toward $200,000. He pointed out that Bitcoin has no central authority that could fail. But other risks loom. The US Federal Reserve, the European Central Bank and other big players are all on different paths. Any BOJ move would travel through global currency markets and could face pushback from regulators.

What Comes Next

Market watchers will focus on the wording in the BOJ statement. They’ll watch for phrases like “flexible approach” or hints that the bank could act again if needed. They’ll also look for any shift in how much the BOJ will let longer-term yields move. If the bank gives itself more room on the yield curve, that could count as a small form of easing.

For traders in Tokyo, New York and beyond, that language will matter. A surprise tilt back to easing could pour fresh yen into global markets. That might send Bitcoin and other risk assets flying, at least for a while. But if the BOJ only eases its pace of tightening, the boost could be modest. Either way, all eyes are on June 16–17.

Featured image from Twenty20, chart from TradingView

BlackRock’s Head of Digital Assets, Robert Mitchnick, says the explosive success of the iShares Bitcoin Trust (IBIT) is only the beginning. Speaking with Bloomberg’s ETF IQ on June 9, Mitchnick described the Bitcoin ETF phenomenon as being in its “very early” phase, with institutional capital still gradually working through onboarding and due diligence pipelines.

“Very Early” For Bitcoin ETFs

“There has been nothing like this,” Bloomberg’s Eric Balchunas said, citing IBIT’s unprecedented growth. The ETF reached $70 billion in assets under management in just 341 days—a record-breaking pace compared to the previous fastest, GLDY, which took 1,691 days. “Just ridiculous numbers here,” Balchunas added.

Mitchnick credited this historic inflow to a combination of retail enthusiasm and the beginning stages of professional allocation. “It is a lot of things coming together,” he said. “You don’t get a chart like that without a confluence of actors all occurring at the same time.”

He continued: “Out of the gate it was retail and investor demand, and that ran the gamut of small retail investors to ultra net worth. Now, more recently, we have seen steady progress of more wealth advisor adoption, more institutional adoption.”

But despite IBIT’s dominance and the sector-wide momentum, Mitchnick stressed that institutional penetration remains low. “Very early,” he said when asked how far wealth advisor adoption is. “What we have seen is a concerted effort by most of the largest firms to progress through their diligence and research and approval process… You’ve seen that fast-tracked by a number of firms. We’re talking by quarters, not months.”

That timeline reflects the structural reality of traditional asset management, where new ETF approval involves multi-year workflows. “Slowly but surely,” Mitchnick noted, “you have seen an acceleration, particularly in the last couple months, of more notable firms lowering barriers, granting approval to their advisors to use this, and that is set to continue.”

Beyond regulatory comfort, Bitcoin’s evolving risk profile is playing a pivotal role in institutional interest. “Bitcoin is a volatile asset,” Mitchnick acknowledged. “At the same time, its risk and return drivers are markedly different from most of the rest of the assets in a traditional portfolio. That is important.”

He underscored the appeal of Bitcoin’s low correlation with traditional assets. “When institutions are looking at this, they are heavily focused on that correlation—whether it is zero or, even in some periods, negative. Then the portfolio construction case is compelling to them,” he explained. “When you look at this as a global scarce emerging monetary alternative with a whole set of risk and return factors, that correlation is what should prevail.”

Asked whether the crowded Bitcoin ETF market—with a dozen products now trading—might need consolidation, Mitchnick responded optimistically. “A lot of them have been very successful. IBIT has been the leader by a fair margin, but there’s such demand that it is exciting… That is a good thing.”

And Ethereum?

On the subject of Ethereum and the forthcoming iShares ETH ETF, Mitchnick was more cautious. “It is a little more of a retail-concentrated investor base than we have seen with IBIT,” he said. “The institutional investment thesis with Bitcoin as a growing global alternative is resonating quite strongly. But when we talk about Ether, there is an exciting story there, but it is more about a technology story. That is a much harder case for a lot of institutions to underwrite, especially compared to other technology things.”

Ultimately, Mitchnick framed BlackRock’s digital asset strategy not as a short-term marketing play, but as a gradual integration of Bitcoin into global portfolio theory. “Many of our clients are watching closely,” he said. “We believe this is just the beginning of a multi-year journey that will redefine asset allocation globally.”

With IBIT continuing to lead the pack in flows and performance—up 121% since inception—BlackRock appears well-positioned not only to ride the ETF wave but to shape its direction. “This is still the very early days,” Mitchnick reiterated. “The story is far from over.”

At press time, BTC traded at $109,625.

Dogecoin’s current trading range between $0.18 and $0.24 has largely mimicked the steady accumulation phases seen in past bull cycles. Although its price action appears muted on shorter timeframes, a technical analysis of broader market cycles shows that the meme coin may be nearing the end of its consolidation phase and entering the early stages of a breakout trajectory.

Fibonacci Pattern Points To Bullish Continuation

According to a recent post by crypto analyst Javon Marks on the social media platform X, Dogecoin’s price movements over the years reveal a highly consistent relationship with Fibonacci extension levels, especially the 1.618 level. Marks highlighted that in the two previous primary cycles, 2014 to 2017 (Cycle 1) and 2017 to 2021 (Cycle 2), Dogecoin exceeded the 1.618 Fibonacci extension measured from its respective accumulation bases in their bear market lows. 

In Cycle 1, DOGE went from a 0 Fibonacci level in the 2015 bear market low to a peak above the 1.618 Fibonacci level in 2018. This translated to a move from $0.00009 to $0.00748, representing an increase of more than 8,200% from its cycle low.

Cycle 2 followed a similar structure, where the pattern of surpassing the 1.618 Fib level held true. DOGE initially consolidated around its 0 Fib baseline near $0.00168 throughout most of 2020 during a prolonged bear market. Then, in early 2021, the meme coin began to surge aggressively, first reclaiming the 1.0 extension level around $0.11773 and eventually moving beyond the 1.618 extension of $0.39921. This breakout culminated in Dogecoin reaching its current all-time high of approximately $0.7326 in May 2021, a 43,000% increase from its cycle low.

Dogecoin’s Next Price Target

As illustrated in the accompanying chart, the Fibonacci projection for the current Dogecoin cycle begins at the 2022 bear market low of $0.06036. This price point forms the zero baseline for what is now being tracked as Cycle 3.

Keeping in mind Dogecoin’s cyclical behavior, this places the current 1.618 Fibonacci extension target at $2.28008 for the ongoing cycle. Notably, the 1.0 Fib extension level was already confirmed at $0.56953 following Dogecoin’s earlier all-time high. Reaching this price target would translate to a 3670% increase from the current price level, but Dogecoin could repeat what happened in Cycle 2 and even exceed the 1.618 Fib level.

Notably, each breakout not only exceeded the Fibonacci level but also reset the base for the next macro cycle. Therefore, a successful move above $2.28 would complete the third full cycle and lay the groundwork for DOGE’s long-term valuation above the $1 threshold even in the next bear market. At the time of writing, Dogecoin is trading at $0.1912, up by 5.5% in the past 24 hours.

Data shows Bitcoin sentiment on social media may be starting to become overheated, a sign that could end up being a threat to the price rally.

Bitcoin Social Media Sentiment Is Currently Notably Positive

In a new post on X, the analytics firm Santiment has discussed how sentiment around Bitcoin has changed on the major social media platforms after the latest recovery rally.

The indicator of relevance here is the “Positive/Negative Sentiment,” which compares the level of positive sentiment to negative sentiment around a given cryptocurrency on social media.

The metric works by filtering posts/messages/threads containing mentions of the asset and putting them through a machine-learning model that separates between positive and negative comments. The indicator counts up the number of both types of posts and takes their ratio to provide a net representation of social media.

Now, here is the chart shared by Santiment that shows the trend in the Positive/Negative Sentiment for Bitcoin over the past month:

As displayed in the above graph, the Bitcoin Positive/Negative Sentiment has seen a spike in the zone above the 1.0 mark, which suggests a flood of positive posts related to the asset have hit social media platforms. This turn toward a significant positive sentiment has come as the cryptocurrency’s price has been going through a recovery surge.

This isn’t a particularly unusual trend, as excitement tends to rise among traders whenever bullish price action takes place. In the context of the latest surge, especially, an uplift of sentiment isn’t surprising, as it has brought the price close to the all-time high (ATH).

While some hype is to be expected, an excess of it can be something to watch out for. The reason behind this is the fact that Bitcoin and other cryptocurrencies have historically tended to move in the direction that goes contrary to the crowd’s opinion.

This means that a surge of greed in the market is something that can lead to a top for the asset’s price. Similarly, a cooldown in sentiment can imply a bullish reversal instead.

From the chart, it’s apparent that the Positive/Negative Sentiment declined to a relatively low level a few days ago when Bitcoin saw a drawdown toward $100,000. This fear among social media users may have helped the coin reach a bottom.

After the latest spike in the indicator, the situation is now the opposite, with Fear Of Missing Out (FOMO) potentially developing among the investors. It now remains to be seen whether this overexcitement would provide impedance to the price rally or not.

BTC Price

Bitcoin briefly broke above $110,000 during the past day, but the asset has since seen a minor pullback as it’s now back at $109,500.

Bitcoin is currently trading around critical levels, having recently surged past the $110,000 mark, a milestone that underscores its robust momentum. As of Tuesday, June 10, 2025, at 07:08 AM EDT, BTC hovers below its all-time high of $112,000, yet it demonstrates resilience with strong support around the $105,000 level. This positioning suggests the cryptocurrency is well-positioned to maintain its upward trajectory, provided it can sustain this key support.

The market’s bullish sentiment is further bolstered by significant accumulation from long-term holders (LTHs), a trend highlighted by recent CryptoQuant data. Starting from the $83,000 level, the LTH cohort has expanded from 14.031 million to 15.182 million BTC, an increase of 1.151 million BTC. Valued at approximately $125.4 billion at current prices, this accumulation reflects a deepening commitment from seasoned investors.

This substantial influx of holdings, amassed primarily in the $61K–$83K range, underscores a growing confidence in Bitcoin’s long-term value. As the market watches for a potential retest of the $112,000 ATH, the strength of LTH support could be the deciding factor in whether BTC continues its climb or faces a pullback.

Bitcoin Prepares To Move As LTH Signal Strength

Bitcoin is poised to enter a phase of price discovery, potentially signaling an explosive move that could reshape the entire cryptocurrency market. As of Tuesday, June 10, 2025, BTC is consolidating near its all-time high (ATH) of $112,000, a critical juncture that could dictate its next direction. This week promises to be decisive, with the market teetering between an expansion into uncharted territory above $112,000 or a pullback to clear liquidity below $105,000.

Macroeconomic uncertainty continues to fuel volatility across financial markets, with the U.S. economy exhibiting increased systemic risks. Rising US Treasury yields are adding pressure, amplifying the stakes for BTC’s next move.

Top analyst Axel Adler recently provided valuable insights, highlighting the robust accumulation by Long-Term Holders (LTHs). Starting from the $83,000 level, the LTH cohort has grown from 14.031 million to 15.182 million BTC, an increase of 1.151 million BTC, currently valued at approximately $125.4 billion. These coins were amassed in the $61K–$83K range, with an average entry price of around $72,000.

The LTHs now enjoy an unrealized profit of about $42.5 billion, representing a 51% gain above their cost basis. This significant holding increase reflects strong confidence in Bitcoin’s long-term potential, potentially acting as a stabilizing force during this consolidation phase. Whether BTC breaks out to new highs or retreats to test lower support, the LTH accumulation suggests a solid foundation.

BTC Consolidates Below Price Discovery

Bitcoin is trading at $109,546 on the daily chart, consolidating just below the $112,000 all-time high after reclaiming the $109,300 resistance level. The price action shows a strong recovery from last week’s dip to the $103,600 support, a level that continues to act as a key pivot during periods of volatility. This clean bounce from support, followed by multiple higher lows, keeps the overall structure bullish.

The 50-day simple moving average (SMA) at $102,409 continues to rise, offering additional support just above the $100K psychological level. Meanwhile, the 100 and 200 SMAs at $93,237 and $95,419 remain well below the current price, highlighting Bitcoin’s dominant trend strength.

Volume has been steady, and the price is now pressing against the upper range, suggesting the market is coiling for a decisive move. A daily close above $112K would signal breakout confirmation and likely trigger Bitcoin’s entrance into price discovery. However, if BTC fails to reclaim new highs, a sweep back toward $105K–$106K is possible, especially given current macroeconomic headwinds.

Featured image from Grok, chart from TradingView

The XRP price action is making headlines again as a rare technical pattern known as the Guardian Arch formation points to a potential 1,000% surge. If this prediction plays out, XRP, which is currently sitting at $2.28, could soar to $27, marking one of the most explosive bull runs in crypto history. 

Guardian Arch Fuel $27 XRP Price Explosion 

On June 6, prominent crypto analyst Egrag Crypto captured the attention of the broader crypto community by identifying a distinct pattern, the Guardian Arch, on the XRP price chart. With the emergence of this key chart formation, the analyst forecasts a parabolic move that could see XRP potentially reaching between $20 and $27 this cycle.

According to Egrag Crypto’s analysis, XRP appears to be following a measured move trajectory that historically results in a significant upward price surge. The Guardian Arch formation, highlighted by the yellow line on the XRP chart, is seen as a critical threshold that, once breached, could mark the altcoin’s entry into a sustained double-digit territory. 

Notably, Egrag Crypto forecasts that the measured move points to an initial conservative target of $20 for XRP. However, with the bullish momentum from the Guardian Arch formation, the analyst believes that the XRP price could skyrocket even higher, potentially surging by 1,000% to reach historical all-time highs of $27. 

In response to Egrag Crypto’s $27 price forecast for XRP, a community member questioned what level of market dominance would support this bullish thesis. The analyst replied that XRP’s dominance will need to climb to around 15%, indicating that it must capture a significantly larger portion of the total cryptocurrency market cap. 

This is a rather ambitious scenario, considering XRP’s current dominance typically hovers between 2% and 4%. Moreover, achieving a 15% market dominance would require a substantial inflow of capital into the cryptocurrency and a major shift in market dynamics favoring the asset. 

Post-Peak Caution And Bear Market Forecast

While the XRP price outlook, based on Egrag Crypto’s analysis, looks extremely bullish in the short to mid-term, the analyst also issues a sobering warning about the possibility of a harsh reversal. Drawing parallels with the 2021 market cycle, where XRP experienced a steep decline following its peak, the analysis outlines a potential 86% drop that could follow the projected market top of around $27. 

In this bearish scenario, Egrag Crypto predicts that XRP could fall back to a price level near $3, which he considers a possible bear market bottom. The analyst has also indicated that the Guardian Arch formation on the XRP price chart may have a dual-purpose framework. This chart pattern encapsulates the potential for a massive upward move while simultaneously functioning as a gateway into a post-peak downtrend. 

Notably, Egrag Crypto has emphasized the importance of strategic planning in trading, advising traders to avoid depending on a single exit point for profit taking. Instead, he recommends setting rational, tiered profit targets as the market unfolds while planning and following a clear and flexible exit strategy. 

After a remarkable bullish performance on Monday, Bitcoin, the largest digital asset, has taken the spotlight as it surges towards its current all-time high, achieved in May. Despite BTC’s notable upward movement in the past few days, short-term investors are exhibiting a weakening sentiment toward the flagship asset.

A Bearish Behavior From Bitcoin Short-Term Holders

Given the renewed market uptrend, Bitcoin has regained a positive trend and surged back above key resistance levels like the $109,000 price level. During this period, Darkfost, an on-chain expert and verified author, outlined a waning activity from short-term BTC holders or retail investors.

According to the on-chain expert, it appears that the most recent BTC drop, in which the flagship asset fell below the $80,000 mark, severely unsettled short-term holders. This worrying behavior among these investors is observed in a shift in the STH Net Position Change metric into negative territory.

The shift in STH’s net position into a bearish zone reflects an increasing wave of selling pressure from younger investors, in contrast to the tenacity of the long-term holder cohort. Short-term holders’ activity often influences BTC’s performance in the near term; this significant move might portend trouble ahead for the digital asset.

Darkfost revealed in the X post that the net position change among short-term holders has sustained a bearish trend over the past month. Looking at the chart, this trend has been in negative territory even though Bitcoin’s price has remained strong above the $100,000 mark.

Data from the author shows that the metric is drawing closer to levels comparable to those observed during the previous correction after a total of -833,000 BTC were shifted. Since the change, it seems short-term holders have become considerably more sensitive to changes in the market. 

As for the recent drop in BTC’s price around the $100,000 level, Darkfost stated it was sufficient to cause fresh anxiety among this group of investors. Considering the trend, the expert claims it is imperative to keep a tight eye on these holders’ behavior in the near future to gauge BTC’s potential next trajectory.

Fading Retail Holders Buying Pressure

Bitcoin may have rallied strongly, but short-term holders have been responding negatively to the uptrend with a persistent sell-off. On-chain analyst Boris revealed that while these investors offload their coins, long-term holders or seasoned investors are accumulating, indicating a potential inflection in Bitcoin’s structure.

For 30 days, retail addresses have viewed BTC’s renewed price increase as a chance to sell. Within the 30 days of consistent distribution by this group, one day in particular stands out the most with over 592,000 BTC in net outflows.

Such actions convey a general anticipation of lower price movement as well as pessimism toward the surge. Given that short-term holders are selling and long-term holders are buying, this implies that the ongoing rally is not just speculative, but structurally supported by strong hands.

Bitcoin surged nearly 5% in under 24 hours yesterday, pushing decisively above the $110,000 level and reigniting momentum across the crypto market. The move signals growing strength from bulls, who are now targeting a breakout beyond the all-time high at $112,000 to confirm trend continuation and open the door for price discovery.

Analysts are calling this a pivotal moment for Bitcoin. After weeks of consolidation and volatility, BTC has reclaimed key territory — but to sustain the rally, a clean break above the all-time high is crucial. Until then, the risk of rejection or sharp pullbacks remains on the table, especially with growing macroeconomic uncertainty and thin liquidity in spot markets.

Adding to the caution, data from HyperLiquid’s liquidation map reveals a significant cluster of long position liquidations concentrated around the $105,000 mark. Bitcoin’s trend remains bullish, but the market is approaching a decision point. A breakout above the ATH would confirm strength and likely lead to aggressive upside. Failure to follow through, however, could set the stage for heightened volatility in the days ahead.

Bitcoin Consolidates As Long Liquidation Risks Grow

After an impressive 50% rally that brought Bitcoin to its all-time high of $112,000, the market has shifted into consolidation mode. Price is now hovering just below ATH levels, with bulls holding control but struggling to push decisively into price discovery. Momentum has cooled, and BTC appears to be waiting for a fresh catalyst to resume the uptrend.

The recent volatility began in late May, when macroeconomic uncertainty and market-wide retracements shook sentiment. However, Bitcoin has held up remarkably well, maintaining key support levels and defending the $105,000–$107,000 range. This strength has helped sustain the broader bullish structure, with higher lows forming on the chart and no major breakdowns despite macro headwinds.

Top analyst Axel Adler recently shared insights from HyperLiquid’s liquidation map that add complexity to the current setup. According to Adler, there is a significant concentration of long position liquidations clustered around the $105,000 level. This creates a potential “magnet effect” — where bearish momentum could be drawn toward that zone to trigger stop-outs and forced liquidations, amplifying downside pressure if support breaks.

For now, Bitcoin remains rangebound between $105K and $112K. Traders are watching for either a clean breakout into new highs or a sweep of lower support to test market resilience. Until a decisive move occurs, patience is critical. With the current structure still leaning bullish, the next catalyst — whether macroeconomic, regulatory, or sentiment-driven — will likely determine whether BTC enters full price discovery or revisits support.

BTC Retests $109K After Breakout As Bulls Defend Gains

Bitcoin is currently trading at $109,547 on the 4-hour chart, consolidating just above the key $109,300 resistance level after a sharp breakout. The move above this level, which had previously capped upside since late May, marked a significant shift in momentum as BTC surged nearly 6% over the past two sessions. The price is now attempting to stabilize after briefly hitting a high of $110K.

The breakout was supported by rising volume and a clean move above all major moving averages — including the 50 SMA ($105,553), 100 SMA ($106,294), and 200 SMA ($105,615) — which now act as strong dynamic support levels. The bullish momentum remains intact as long as the price holds above $109,300. A successful retest of this level would confirm it as new support and could set up a push toward all-time highs at $112,000.

However, if BTC fails to hold this level, the price may revisit the $106,000–$107,000 range, where buyers previously stepped in. The structure remains bullish overall, but with resistance overhead and potential long liquidation clusters below, volatility is likely to remain elevated.

Featured image from Dall-E, chart from TradingView

Crypto analyst Mmatters has commented on the current Dogecoin price action, hinting that a breakout might be imminent. He further revealed what needs to happen this time around for the foremost meme coin to sustain any breakout and rally to new highs. 

Dogecoin Price Needs To Break Through This Level

In an X post, Mmatters stated that it is necessary that the Dogecoin price manages to break through the last local high, even as market participants expect an upwards move soon. His accompanying chart showed that $0.4390 is the level that the meme coin needs to break above as it eyes a rally to new highs.

The crypto analyst had remarked that, like many other altcoins, the Dogecoin price is in a critical situation. His chart also indicated that DOGE is at a crossroads on this breakout as the meme coin risks dropping below $0.10 if it fails to breach the previous local high. Mmatters noted that this is the bearish alternative. 

He remarked that such a Dogecoin price decline would be a tough outlook, but one that brings a great buy-the-dip opportunity. He added that the probability of the meme coin dropping to that level is about 55/45 bullish. This indicates that DOGE is more likely to rally to the upside in the short term. 

Dogecoin reached $0.43 last year, in November, following a parabolic rally that began towards the end of September. The meme coin is again looking to make a run as the Bitcoin price targets new all-time highs (ATHs). Altcoins like DOGE are known to make their move whenever the flagship crypto begins a run. With BTC close to its current ATH of $111,900, the meme coin could again break the psychological $0.2 price level. 

DOGE Daily Close Confirms RSI Breakout 

In an X post, crypto analyst Trader Tardigrade revealed that the Dogecoin price’s daily candle closed above $0.175, confirming the Relative Strength Index (RSI) breakout. His accompanying chart showed that DOGE could rally to as high as $0.3 on this projected breakout. This will take the meme coin past its previous high of $0.26, which it reached when Bitcoin hit a new ATH in May.

Meanwhile, analyzing DOGE’s 4-hour chart, Trader Tardigrade stated that a Golden Cross was approaching. He noted that the Dogecoin price has been aligning with the same price action as the SMA from May 6th to 9th. The analyst added that a similar bullish candle breaking above both SMAs has appeared. Based on this, he declared that a massive surge could be imminent. 

At the time of writing, the Dogecoin price is trading at around $0.19, up over 5% in the last 24 hours, according to data from CoinMarketCap.

With a notable bounce, Bitcoin has regained its upside traction once again, surging beyond key resistance levels as it aims to revisit its peak. While several key factors could be responsible for the recent upward move in BTC’s price, one factor seems to stand out the most among all.

What’s Behind The Bitcoin Renewed Upswing

Bitcoin has witnessed downside pressure since reaching a new all-time high in May this year. However, BTC’s price has recently made an electric comeback, rising above the crucial $105,000 level in a stunning display of power on Monday.

Following the renewed upward performance by BTC, Glassnode, a leading financial and on-chain analytics platform, has underscored the major trigger behind the sharp rally. According to the on-chain platform, the sudden upswing is likely driven by a wave of short positions liquidations. 

Following weeks of ambiguity and price fluctuations that shook investor confidence, the flagship cryptocurrency has rekindled optimism among investors about further gains. As traders who bet against BTC’s upside potential were forced to cover their positions, a surge of buy orders swept over the market, which appears to have caused prices to spike higher. 

This abrupt action from Bitcoin not only highlights how erratic the asset may be but also suggests that the market mood may change as bulls or buyers gain ground. Furthermore, it marks a turning point in BTC’s path, increasing the potential for the flagship asset to reclaim its all-time high and even beyond.

Data from the on-chain platform shows that the total short liquidations of the 24-hour Simple Moving Average (24H SMA) increased from $105,000 to $359,000 in just 4 hours. Prior to the upward move, Bitcoin’s funding rates turned negative, which pointed to a rise in short appetite. However, as of Monday, those short bets from investors were observed being squeezed.

A Solid Cluster Of Liquidity Ahead For BTC

In an X (formerly Twitter) post, Daan Crypto Trades, a technical expert and trader, has shed more light on Bitcoin’s recent liquidation heat map, particularly on the largest cryptocurrency exchange, Binance.  

After examining the liquidation heat map on the monthly time frame, the expert highlighted that the chart’s narrative is consistent with other charts that show significant liquidity clusters aligning well with critical levels. Nonetheless, the expert believes that below the $100,000 mark and Thursday’s low are areas where things can pick up speed, and the current correction could occur.

Meanwhile, above the $112,000 level and into new all-time highs is where Bitcoin’s price would find a strong cluster of liquidity from shorts that had amassed during this time. Also, Daan Crypto Trades noted that a lot of stops are likely to be placed above the point.

Malaysia’s crypto miners are at a crossroads. A new study by the ACCESS Blockchain Association of Malaysia points to big gains ahead. But it also warns that illegal outfits are draining more than RM441 million from the power grid between 2020 and 2024. That $100 million loss has hit both public safety and investor trust.

Malaysia Mining Faces Power Theft Crisis

According to national utility Tenaga Nasional Berhad (TNB), hidden rigs in homes and offices have been tapping into the grid without permission. Over the last five years, TNB logged power losses worth RM441 million. That’s more than $100 million in stolen electricity.

Now, grid instability is rising. Local communities risk outages. And real miners worry their bills could spike to cover the shortfall.

Legal Mining Growth Could Bring RM700 Million

Based on reports from ACCESS, formalizing crypto mining could unlock RM700 million in hardware and infrastructure this year alone. It could also create 4,000 new jobs and boost annual tax revenues by around RM150 million.

Malaysia already ranks among the top 10 countries worldwide by bitcoin hash rate share. Cheap industrial tariffs in places like East Sarawak help explain the hike. Yet many legal players stay under the radar. They fear unclear rules and sudden policy shifts.

Regulators Urged To Act

The study points out that no agency specifically licenses mining. The Securities Commission looks after asset trading and custody, but it stops there. Miners have no dedicated permit. They face vague electricity tariffs and murky environmental rules.

That confusion deters investors who want stability. ACCESS calls for a clear mining license, fair pricing, and defined environmental checks.

In neighboring Thailand and Indonesia, illegal mining has also spiked. Between 2018 and 2024, power-theft incidents tied to crypto rigs jumped nearly 300%, totaling nearly 2,400 cases. That regional trend underlines a shared headache. If Malaysia doesn’t tighten laws, it risks losing credibility in the fast-growing digital asset arena.

TNB has started using smart meters and data analytics to spot theft early. But enforcement remains patchy. Multiple government bodies share responsibility, which means cases often slip through the cracks. Without a unified team on this, illegal operators keep hitting the grid—and the public.

ACCESS suggests updating landlord liability laws so building owners can’t turn a blind eye to unauthorized rigs. It also recommends energy pricing tied to sustainability, nudging miners toward greener power.

Featured image from LinkedIn, chart from TradingView

Global Macro Investor’s head of research Julien Bittel used a marathon X thread on 9 June to stitch together what he calls “The Everything Code”―a demographic-debt-liquidity feedback loop that he believes will catapult the digital-asset complex from today’s roughly $3.5 trillion capitalization to $100 trillion within a decade.

Speaking against the backdrop of a crypto market that has already doubled since the start of 2024, Bittel lays the groundwork with a blunt diagnosis of the developed world’s labour market. “The labor force participation rate isn’t going to rise anytime soon – it’s set to keep declining over time. This is a structural problem,” he writes, adding that “humans are already being replaced by AI and robots at a staggering pace, and that shift is only just beginning. This is deflationary.” In his view, shrinking workforces meet unyielding entitlement promises in a cocktail that “reinforces the need for ongoing stimulus to keep the system afloat. Fewer workers. More tech. Same debts.”

Bittel’s next step is the fiscal arithmetic. With public and private liabilities already hovering near 120% of global GDP, “the only answer is more debt… That’s how the system survives,” he warns. Should growth sputter, “Debt-to-GDP is going to keep rising over time,” a trend he expects policymakers to absorb through monetary debasement rather than austerity.

Debasement, he reminds readers, is the hidden eight-percent annual loss of purchasing power that piles on top of headline inflation. “Cash has quietly become one of the riskiest assets out there,” Bittel argues, forcing savers to seek double-digit nominal returns simply to stand still.

The $100 Trillion Crypto Supercycle

From there the thread pivots to liquidity, the variable Bittel and GMI founder Raoul Pal have elevated to first-principles status. When GMI combines central-bank balance-sheet expansion with commercial-bank credit creation across major economies, the resulting “Total Liquidity” gauge explains about 90% of Bitcoin’s moves and 95% of the Nasdaq-100’s, he writes. “Fewer workers. More tech. Same debts,” means liquidity must keep rising to prevent a credit contraction, and that liquidity, in Bittel’s models, “is the tide that lifts scarce, risk-sensitive assets.”

Scarcity is the bridge to Bitcoin. “Bitcoin has been compounding purchasing power faster than any asset in human history—annualizing nearly 150 percent in excess of the debasement rate since 2010,” Bittel notes, while even the Nasdaq’s stellar 13 percent real return “is down 99.94 percent versus Bitcoin since the start of 2012. Shocking…” The superlatives serve a purpose: they frame Bitcoin as the only macro-scale antidote to the policy cocktail of demographic drag, rising leverage and forced liquidity.

All of that funnels into his headline projection. “We’re still in the early stages of a global race—a scramble by institutions, sovereigns, and individuals—to accumulate as much Bitcoin as possible,” Bittel writes. That scramble, he believes, will propel the crypto universe “from a $3 trillion asset class today to $100 trillion over the next seven to ten years.”

Doing the math, a jump from the current $3.55 trillion market capitalisation implies a 40% compound annual growth rate over a decade, or roughly 61% if the window compresses to seven years—both aggressive, but neither without precedent in earlier crypto cycles.

Bittel concedes the path will be “both incredibly challenging and unimaginably rewarding—the worst of times and the best of times,” but he insists Bitcoin is “part of the solution.” He and Pal have called the coming chase for scarce assets “the single greatest wealth-creation opportunity of our lifetimes,” and Bittel closes the thread by declaring that if GMI’s call plays out, it will be “remembered as the greatest macro trade of all time. This is The Everything Code.”

Pal, whose own presentation at Real Vision’s Sui Basecamp in May framed crypto as “a supermassive black hole that outperforms and sucks in every other asset,” reaches similar conclusions. He places Bitcoin in what he calls the “banana zone,” a reflexive phase in which expanding liquidity and herd behaviour interact to drive parabolic gains, with a cycle target of roughly $450,000 per coin. Pal’s estimates implies a Bitcoin capitalization only well above $40 trillion even without altcoins—complementing Bittel’s upper-bound scenario.

At press time, the total crypto market cap stood at $3.37 trillion.

Глава «Биткоин-семьи», продавшей восемь лет назад дом и все свои вещи ради покупки первой криптовалюты, Диди Тайхуту (Didi Taihuttu) рассказал, что на фоне волны похищений криптоинвесторов ему пришлось полностью изменить подход к хранению цифровых монет.

Глава «Биткоин-семьи», продавшей восемь лет назад дом и все свои вещи ради покупки первой криптовалюты, Диди Тайхуту (Didi Taihuttu) рассказал, что на фоне волны похищений криптоинвесторов ему пришлось полностью изменить подход к хранению цифровых монет.

Компания Strategy завершила покупку 1045 биткоинов на сумму $110,2 млн по средней цене $105 426 за монету. Сейчас во владении компании находится 582 000 BTC, которые приобретены примерно за $40,8 млрд по средней цене около $70 086 за монету.