On June 10th, according to 4E Observation, as of 14:00 (UTC+8) on June 10, 2025, Bitcoin (BTC) was quoted at $109,240, rising by 3.6% over the past 24 hours. The intraday high reached $110,290, approaching the year’s highest. The technical aspect indicates that the bull forces have regained control of the pace, and the support at $105,000 is clearly effective. Mainstream currencies such as ETH, SOL, and LINK also recorded gains of 1% to 4%, with the total market capitalization of the crypto market rising above 2.5 trillion US dollars, indicating a gradual recovery in capital sentiment.
On-chain data shows that institutional funds are continuously flowing into crypto funds. Circle plans to list on the New York Stock Exchange this week, with a valuation that may reach 7.2 billion US dollars. Coupled with the expectation of stablecoin legislation, it provides medium-term positive support for the market. Although some BTC ETFs still show signs of net outflows, mainstream products such as IBIT still attract a large amount of funds, indicating that the long-term allocation demand is stable.
At the macro level, the US May CPI and non-farm payroll data are about to be released. The market generally expects that if the data is weak, it will strengthen the expectation of a rate cut in September, which is beneficial to risky assets such as crypto. The European Central Bank will also hold a policy meeting. If dovish signals are sent out, it will further ease global financial pressure.
4E reminds that the crypto market is at the intersection of a technical rebound and macro competition. In the short term, it may continue to perform strongly. It is recommended that investors pay attention to the dynamics of the Federal Reserve, the progress of stablecoin legislation, and the changes in ETF capital flows, control positions reasonably, and guard against the risk of high-level volatility.
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