The market continues to experience volatility, but several major cryptocurrencies are beginning to show signs of strength and stability.
The crypto market cap slipped again today, down 4.1% to $3.33 trillion, while daily trading volume reached $142.2 billion. The market remains volatile, though some major coins are showing signs of resilience
TL;DR :* The total crypto market cap fell by 4.1% today, now at \$3.33T, with volatility still elevated.* Bitcoin (
$BTC ) remains above \$103K after pulling back from its all-time high of \$111.8K.* Long-term holders are taking profits, limiting short-term price growth.* Speculative interest is rising in small-cap coins like **KILL BIG BEAUTIFUL and VICE* Institutional demand and ETF inflows could push BTC toward \$115K by early July.* The upcoming U.S. jobs report may impact BTC’s next move, with \$95K–\$97K as key support levels.
Crypto Winners & Losers
At the time of writing, Bitcoin (BTC) is changing hands at $103,188, largely unchanged on the day. Ethereum ($ETH ), however, fell another 5.8% to $2,455.79.
$XRP stays stable at \$2.13 (+0.1%), while USDT and USDC hold at \$1. SOL drops 3.5% to \$147.26, and DOGE falls 7.2% to \$0.175. Small caps surge: KILL BIGBEAUTIFUL (+168.5%), VICE (+35%), GIZA (+17.7%), showing rising speculative interest.
Top crypto assets remain range-bound, but on-chain data hints at a potential shift. Bitcoin’s strength above the \$100K mark continues to anchor market sentiment.
Meanwhile, macro factors like U.S. debt issues and global liquidity trends may influence the next phase of the cycle. Investors are closely watching for signs of a breakout
Bitcoin’s Rally Faces a Test as Long-Term Holders Lead Profit-Taking
Bitcoin recently hit a new all-time high of **\$111.8K** before pulling back to **\$103.2K**, as long-term holders began taking profits, according to **Glassnode**.
The rally was mainly driven by spot buying, with strong support now established between **\$81K and \$104K**. However, older holders are selling into strength, creating resistance for further upside.
On-chain data indicates several past accumulation zones—especially between **\$25K–\$31K** and **\$60K–\$73K**—have turned into distribution zones. These experienced investors are now influencing the market structure, putting selling pressure that may limit Bitcoin’s short-term growth
Cost basis models highlight immediate support near $103.7k and $95.6k, with resistance sitting at $114.8k. The average entry price for short-term holders is now around $97.1k, with wider bands defining the market’s current sentiment range. A break of these levels could signal whether momentum is fading or reigniting.
Profit realization has intensified, with daily profits spiking to $1.47B, marking the fifth such event this cycle. Importantly, this selling is being led by long-term holders—those holding for over a year—indicating mature capital rotation rather than speculative churn.
In short, Bitcoin’s latest surge has entered a critical phase. Elevated profit-taking by veteran investors, coupled with cooling momentum, suggests that the market may be transitioning into a consolidation or top-formation phase. Whether support zones hold in the coming weeks will determine if the rally resumes or deeper corrections unfold.
Levels & Events to Watch Next
Bitcoin is currently trading at \$103,450, after briefly hitting an intraday high of \$103,467 without pushing further. It's now down about 7.5% from its recent all-time high of \$111,814. Over the past week, BTC has slipped around *3%*, though it still holds a *monthly gain of roughly 8%*
Bitfinex analysts predict that Bitcoin could rise to \$115,000 or more by early July, fueled by institutional demand, ETF inflows, and broader macroeconomic factors.
In their recent market outlook, they noted that Friday’s U.S. jobs report may impact expectations around Federal Reserve rate cuts, which would be positive for risk assets like Bitcoin.
Although the labor data won’t solely determine Bitcoin’s direction, weaker-than-expected numbers could strengthen disinflation trends and encourage a dovish Fed approach. In this case, Bitcoin might test the \$120,000 to \$125,000 range in June. On the downside, the \$95,000 to \$97,000 area is considered an important accumulation zone
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