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Overall MarketSource: TradingViewThe above chart is the BTC price in the 1-day candle chart at a log scale.In our previous report dated June 6, we identified a strong support zone between $100,000 and $102,000, as highlighted on the accompanying chart. Following Bitcoin’s rebound from this support area, the upward trendline (depicted as the blue line) was expected to act as resistance within the $108,000 to $110,000 range. As anticipated, BTC encountered significant selling pressure upon reaching the $110,000 level on June 11.On Thursday, June 12, the Israel-led airstrike heightened geopolitical tensions in the Middle East, triggering a swift decline in BTC’s price toward the $102,000 support level. Concurrently, gold and oil prices surged amid the escalating regional instability. Notably, Bitcoin demonstrated greater resilience during this episode compared to the geopolitical tension escalation in October 2024, missile attacks by Iran on Israel.Currently, BTC is consolidating within a narrow range between $104,000 and $106,000, despite substantial capital inflows through ETFs over the past eight trading sessions. This price stagnation amid strong inflows has raised cautionary signals, and we anticipate increased volatility in the near term.Additionally, reports indicate that former US President Trump privately approved attack plans targeting Iran but withheld final authorization as of Wednesday Eastern Time. The potential for further escalation in the Middle East is generating significant uncertainty, prompting investors to closely monitor developments and prepare capital allocation strategies under various scenarios.On the macroeconomic front, the Federal Reserve announced its June FOMC decision to maintain interest rates at 4.50%. Chair Powell’s remarks underscored a “wait and see” approach toward future rate adjustments. The Fed’s hawkish stance suggests that the easing of global liquidity conditions may be delayed until later this year.Given the current geopolitical landscape and monetary policy environment, our desk has formulated several trading ideas for the coming two weeks. Please note, this is not financial advice, and we encourage you to conduct your own research.Trading IdeasScenario 1: Geopolitical Tensions Escalate, BTC Price DeclinesLong Entry: Support bounce near $100,000 - $102,000Rationale: This zone has consistently acted as strong support (highlighted by the red horizontal band), with multiple price rebounds indicating robust buyer interest.Take Profit: $110,000 - $111,500 (near recent highs and psychological resistance)Stop Loss: $98,500 (just below the support zone to limit downside risk)Scenario 2: Geopolitical Tensions De-escalate, Potential Negotiations Between Israel/US and IranShort Entry: Rejection near $111,500 - $112,000 resistanceRationale: The $111,500 - $112,000 level has proven to be a strong resistance zone, with recent price rejections.Take Profit: $103,000 - $105,000 (near support and previous consolidation areas)Stop Loss: $114,000 (above recent highs to protect against breakout)Please note that Thursday is a public holiday in the US, resulting in the closure of the US stock market. Consequently, there will be limited guidance from Bitcoin spot ETF flows. In the absence of ETF-driven capital inflows, it will be critical to closely monitor BTC price action to assess underlying selling pressure.Bitcoin ETF TrackerThe above table is the BTC spot ETF net inflow data in the past five trading sessions.Since June 9, 2025, approximately $2 billion in capital has flowed into the BTC asset class through ETF channels, according to the ETF capital tracker. This substantial inflow indicates that traditional financial institutions are increasingly allocating risk exposure to Bitcoin, often referred to as digital gold, despite the recent price decline triggered by the Israeli airstrike news last Thursday.Nevertheless, despite the $2 billion investment via ETFs, alongside significant BTC accumulation by publicly listed companies like Strategy and others from the open market, Bitcoin’s price has remained confined within a narrow range. It has struggled to gain upward momentum. The inability of BTC’s price to advance amid strong capital inflows raises concerns regarding underlying selling pressure. The muted price response despite robust inflows may suggest that Bitcoin is encountering significant resistance from large sellers, effectively capping its upside potential.Macro at a glance Last Thursday (June 12, 2025)US initial jobless claims rose slightly to 248,000 last week, marginally above the forecasted 242,000.The US Producer Price Index (PPI) recorded a modest 0.1% month-over-month increase in May, falling short of the anticipated 0.2%. The impact of tariffs on domestic inflation appears to be unfolding more gradually than expected.In the evening (Eastern Time), Israel unexpectedly launched missile strikes targeting Iranian nuclear facilities, significantly escalating geopolitical tensions in the Middle East. This development triggered a broad sell-off in risk assets, while gold and oil prices surged in response.On Tuesday (June 17, 2025)The Bank of Japan announced it would maintain its interest rate at 0.50%, keeping it unchanged. Additionally, the central bank signaled a more cautious approach by deciding to slow the pace of its balance sheet reduction next year, reflecting a measured stance on unwinding its quantitative easing program.US retail sales declined by 0.9% in May, exceeding the expected decrease of 0.5%. Core retail sales also fell by 0.3%, contrary to analyst forecasts of a 0.2% increase.On Wednesday (June 18, 2025)The UK’s annual Consumer Price Index (CPI) growth rate slowed slightly to 3.4% in May, down from 3.5% in April, but missed the forecasted 3.3%.In contrast, the Eurozone’s annual CPI growth rate eased to 1.9% in May, down from 2.2% in April.US initial jobless claims remained steady at 245,000 last week.Following its June meeting, the Federal Reserve announced it would keep the benchmark interest rate unchanged at 4.50%, as widely anticipated. Fed Chair Jerome Powell’s press conference reinforced a “wait and see” approach regarding future rate adjustments. The Fed’s dot plot projections indicate the possibility of two rate cuts in 2025.Why trade OTC?  Binance offers our clients various ways to access OTC trading, including chat communication channels and the Binance OTC platform (https://www.binance.com/en/otc) for manual price quotations, Algo Orders, or automated price quotations via Binance Convert and Block Trade platform (https://www.binance.com/en/convert) and the Binance Convert OTC API. Email: [email protected] for more information.Join our Telegram Channel (@BinanceOTCTrading) to stay up to date with the markets!

According to BlockBeats, an estimated $5.8 trillion in stock contracts are set to expire this Friday, including $4.2 trillion in index options, $708 billion in U.S. ETF options, and $819 billion in individual stock options. This event may lead to increased stock market volatility, surpassing the relatively mild fluctuations seen in recent weeks. Each quarter, a variety of exchange-traded derivative contracts expire on the same day, an occurrence sometimes referred to as the 'Triple Witching' event by market observers. Experts anticipate that while the event itself may not cause additional volatility on Friday, it could pave the way for more abrupt market movements in the following week.

According to PANews, Blockdaemon, a provider of institutional blockchain infrastructure, has announced the launch of its DeFi and staking service, Earn Stack. This new offering aims to provide institutions with access to DeFi and staking opportunities across more than 50 protocols, along with access to numerous DeFi liquidity pools and cross-chain bridges. Blockdaemon claims that Earn Stack adheres to the recent guidelines issued by the U.S. Securities and Exchange Commission (SEC), ensuring secure, non-custodial staking and simplifying entry into the DeFi space. The company emphasizes its focus on institutional clients, highlighting its ISO 27001 cybersecurity certification and compliance with SOC 2 standards for customer data management. Konstantin Richter, the founder of Blockdaemon, stated that the platform enables one-click integration of multi-chain staking and DeFi functionalities through institutional-grade APIs. Additionally, it offers customized API services for liquidity aggregation, standardized staking access, and yield tracking.

Binance Blog published a new article, revealing insights into a recent trend where football passion meets web3 technology through the CR7 x Binance collection. This initiative offers fans exclusive perks such as autographed merchandise, early content access, and the chance to meet Cristiano Ronaldo in person. Running from June 11 to June 27, 2025, the campaign aims to provide collectors and newcomers with unforgettable real-world moments. Cristiano Ronaldo's impact on football is unparalleled, and his legacy continues to evolve. The CR7 x Binance collections allow fans worldwide to own a piece of this journey in a novel way, blending digital legacy with tangible benefits. Ahead of the launch of 'Forever To The Moon,' several holders from previous drops shared their experiences, highlighting the unique intersection of technology and fandom. Abdulla, a Drop 4 Grand Prize Winner, expressed his excitement about owning a piece of Ronaldo's legacy and enjoying exclusive content and giveaways. Meeting Cristiano in person was a standout experience, showcasing the collection's value beyond mere ownership. Sebastian, a Drop 5 Proof of Skill Winner, obtained his collectible through a skills-based contest, emphasizing the dynamic nature of the campaign. His victory not only provided him with a digital collectible but also deepened his understanding of the web3 world. For Sebastian, the CR7 x Binance journey is about engaging and testing one's passion, merging the thrill of sport with digital access. He encourages others to explore the web3 world, especially through an NFT from one of the most followed individuals globally. The upcoming Drop 6: 'Forever To The Moon' presents an opportunity for fans to join the ranks of winners like Abdulla and Sebastian. With 7,777 mystery boxes available, participants can win rewards such as signed gear, tickets to Binance Blockchain Week, and a 7-minute meet-and-greet with Cristiano Ronaldo. This drop exemplifies the fusion of football and web3, offering real-world benefits to digital fandom. It's a chance to be part of something unforgettable, blending sport and technology in a unique way.

According to the announcement from Binance, the platform will temporarily suspend deposits and withdrawals of tokens on the Zilliqa (ZIL) network starting approximately at 2025-06-22 23:00 (UTC). This suspension is to facilitate a network upgrade and hard fork aimed at enhancing user experience. The upgrade is scheduled to occur at block height 4,770,087, which is expected around 2025-06-23 00:00 (UTC).The trading of tokens on the Zilliqa network will remain unaffected during this period. Binance assures users that it will manage all technical requirements related to the upgrade. Once the network is confirmed to be stable post-upgrade, deposits and withdrawals will be reopened. This process may take up to one week, and no further announcements will be made regarding the reopening.Users are advised to stay informed about the network's status through official channels. The upgrade is part of ongoing efforts to improve the network's performance and reliability. Binance emphasizes that the suspension is a temporary measure to ensure a seamless transition during the upgrade process.

According to PANews, trader AguilaTrades has expanded their Bitcoin long position to $318 million, currently showing an unrealized profit of $3.95 million. The trader initiated their third long position on Bitcoin yesterday afternoon, gradually increasing the position to its current level through multiple additions.The details of AguilaTrades' position include a 20x leverage on 3,003 BTC, with an entry price of $104,820 and a liquidation price of $98,956. Previously, when the position size exceeded $400 million, Bitcoin experienced a pullback of over $4,000.

According to Foresight News, Metaplanet's CEO announced on X that the company achieved a trading volume of 6.7 million shares by the close of trading, with a transaction value of approximately 12 billion yen.

According to Foresight News, Cointelegraph reports that the Ethereum (ETH) strategy reserve, driven by 38 entities, has exceeded $3 billion. This milestone highlights the growing interest and investment in Ethereum's strategic reserves, reflecting the cryptocurrency's expanding influence in the financial sector.

According to Foresight News, TikTok's official policy account on X has refuted claims regarding its ownership acquiring TRUMP coin. The denial comes in response to accusations made by California Democratic Representative Brad Sherman. Sherman had previously alleged that TikTok's Chinese owner announced a $300 million purchase of TRUMP coin.

According to Odaily, the total value locked (TVL) in the JUST DeFi protocol on the TRON blockchain has reached $9.26 billion. This milestone underscores its strategic importance as a core DeFi infrastructure within the TRON ecosystem. As a leading DeFi protocol on TRON, JUST is committed to continuous innovation and upgrades. The protocol aims to enhance cross-chain asset exchanges and smart staking and lending services, striving to provide users with a safer and more efficient one-stop DeFi solution.

According to PANews, Bank of England Governor Andrew Bailey recently expressed skepticism about the necessity of a consumer-facing digital pound during a conference in Kyiv, Ukraine. Bailey stated that he remains unconvinced of the need to create a new form of currency, marking the clearest official reservation regarding the "Britcoin" initiative. The project is currently in the design phase but faces public concerns over privacy and security, banking industry worries about deposit outflows, and warnings from the House of Lords Economic Affairs Committee that the risks may outweigh the benefits. Bailey noted that while progress is being made on wholesale central bank digital currencies for interbank settlements, the retail version still requires justification of its practical benefits.

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.28T, up by 0.66% over the last 24 hours. Bitcoin (BTC) traded between $103,929 and $106,525 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $105,828, up by 0.81%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include T, FUN, and KAIA, up by 17%, 15%, and 13%, respectively.Top stories of the day:Ethereum Strategy Reserve Surpasses $3 Billion Arizona Senate Passes Bitcoin Reserve Bill HB 2324Hong Kong Virtual Asset ETFs Record Trading Volume Russia's Digital Ruble Set for 2026 Launch Amid Infrastructure Delays Corporate Bitcoin Holdings Surpass 768,500 Coins, Valued Over $82 BillionU.S. President Trump to Convene National Security Meeting TRX Surpasses DOGE in Cryptocurrency Market Capitalization Russia Aims to Regulate Cryptocurrency Mining Industry Trump Extends TikTok Sale Deadline by 90 Days Bitcoin's Potential to Surpass Gold's Market Value, Says Mexican BillionaireMarket movers:ETH: $2547.63 (+0.69%)XRP: $2.166 (+0.27%)BNB: $648.5 (+0.52%)SOL: $147.38 (+1.10%)DOGE: $0.17001 (-0.19%)TRX: $0.2739 (-0.36%)ADA: $0.6009 (+0.03%)WBTC: $105777.79 (+0.80%)BCH: $491.1 (+5.52%)TRUMP: $9.34 (+0.00%)

According to Odaily, QCP Capital's market commentary on June 20 highlights that despite the potential for escalating tensions in the Middle East, Bitcoin's price remains stable, with investors adopting a wait-and-see approach as they anticipate a clear catalyst. The derivatives market reflects a cautious tone, with the risk reversal structure for Bitcoin and Ethereum indicating a preference for downside protection, suggesting that bulls are hedging their spot positions. Additionally, Ethereum's implied volatility for June is lower than that of September contracts, possibly indicating a decline in short-term event-driven volatility or profit-taking by some investors. QCP Capital believes that although volatility is currently low, the market is in a 'ready-to-explode' state, where any macroeconomic event, policy change, or unexpected news could trigger significant fluctuations.

According to BlockBeats, the trading volume for all Hong Kong virtual asset ETFs reached approximately HKD 6.5942 million by the close of trading today. The Huaxia Bitcoin ETF (3042.HK/9042.HK/83042.HK) recorded a trading volume of HKD 1.9149 million, while the Huaxia Ethereum ETF (03046.HK/09046.HK/83046.HK) saw a volume of HKD 1.5178 million.The Harvest Bitcoin ETF (03439.HK/09439.HK) had a trading volume of HKD 949,200, and the Harvest Ethereum ETF (03179.HK/09179.HK) recorded HKD 694,000.Additionally, the Bosera Bitcoin ETF (03008.HK/09008.HK) reported a trading volume of HKD 528,800, while the Bosera Ethereum ETF (03009.HK/09009.HK) had a volume of HKD 989,500.

According to PANews, Anatoly Aksakov, Chairman of the Financial Markets Committee of the Russian State Duma, announced on June 18 that the widespread implementation of the digital ruble is now scheduled for 2026. The initial plan was to launch after July 1, 2025, but it has been postponed to allow financial institutions more time to enhance their infrastructure.Since its pilot phase began in August 2023, the digital ruble initiative has expanded to include 15 banks, approximately 2,000 individuals, and 50 businesses. To date, the system has processed over 55,000 personal transfers and 15,000 payments for goods.The Central Bank of Russia has emphasized that the adoption of the digital ruble will be entirely voluntary, and there are no plans to eliminate cash or non-cash payment methods.

According to PANews, the Brazilian Ministry of Justice and Public Security announced a contract bidding on June 20, 2025, for the procurement of a cryptocurrency tracking software system. The software is required to support transaction monitoring for at least 12 major blockchains, including Bitcoin and Ethereum, with the capability to expand to more blockchains in the future. It must also be able to obtain critical data such as IP addresses, geographical locations, and wallet addresses. The system will initially be deployed in the capitals of 15 states, with a contract duration of 36 months.The Brazilian government has intensified efforts to combat cryptocurrency-related crimes, launching four major operations over the past year targeting money laundering and illegal crypto activities. This initiative reflects Brazil's commitment to enhancing its ability to track and address illicit activities within the cryptocurrency sector.

Binance Blog published a new article, highlighting the U.S. Senate's recent approval of the GENIUS Act, a pioneering legislative effort to establish a national framework for regulating payment stablecoins. This landmark bill, passed with a 68-30 vote, aims to set stringent guidelines on reserves, transparency, and consumer protections while prohibiting algorithmic and interest-bearing stablecoins. If the House of Representatives approves the bill and it is signed into law, it could significantly influence stablecoin adoption across the crypto, fintech, and traditional finance sectors, impacting U.S. consumers and potentially setting a global precedent.The GENIUS Act, co-sponsored by a bipartisan group of Senators including Tim Scott, Bill Hagerty, Kirsten Gillibrand, and Cynthia Lummis, marks a shift from enforcement-by-litigation to constructive policymaking. This move aligns with the current administration's focus on fostering financial innovation in the United States. The bill introduces a framework specifically for "payment stablecoins," which are digital tokens pegged to stable assets like the U.S. dollar, designed for everyday transactions. It mandates 1:1 reserve backing, requiring issuers to hold liquid, high-quality assets to fully back their tokens. This requirement is enforceable through monthly public disclosures and mandatory audited financial statements for large issuers.The legislation also bans yield-bearing stablecoins and algorithmic stablecoins, mandating a comprehensive study by the Treasury Department on the latter. These measures aim to distinguish payment stablecoins from investment products and minimize risks of destabilizing feedback loops. The GENIUS Act introduces a tiered regulatory model, placing large issuers under federal oversight while allowing smaller issuers to operate under state-based frameworks if they meet federal standards. Custodians must adhere to strict rules to protect consumer assets, ensuring they are kept separate from the custodian's funds and legally recognized as the consumer's property.For the crypto industry, the GENIUS Act could be transformative by providing clarity where there was once confusion. It codifies best practices for responsible issuers and signals that regulatory compliance will be rewarded with broader market access. Offshore issuers will face new barriers, needing to appoint a U.S.-based registered agent for legal matters. The bill may also encourage non-crypto companies to integrate stablecoin technology, reducing legal risks and fostering competition. However, some industry players may view the ban on interest-bearing stablecoins as restrictive.The bill now moves to the House of Representatives, where it will be reconciled with the STABLE Act. Early indications suggest the GENIUS Act will pass with bipartisan support, and U.S. President Donald Trump is expected to sign it into law. Once enacted, federal regulators will develop detailed guidelines, ushering in a new era of licensing and oversight for stablecoin issuers. This legislation represents a significant moment in cryptocurrency history, signaling the U.S.'s commitment to shaping the future of digital finance.

According to BlockBeats, DeFi Hub protocol EnsoFi and AI blockchain project OpenLedger have integrated into the Irys ecosystem, a developer of on-chain data solutions.With OpenLedger's launch on the mainnet, they will gain access to Irys's dedicated datasets, which are permanently stored on a high-performance data chain. This access aims to facilitate the development of robust and professional AI models. OpenLedger seeks to achieve large-scale, deep, and verifiable on-chain data at minimal cost.EnsoFi's EDAS decision-making, training, and analysis data will be securely and verifiably stored on Irys. All outputs from the agents will be transparently available on-chain. As the collaboration progresses, EDAS agents will be able to leverage Irys's programmable data to discover, collaborate, and continuously optimize their strategies, unlocking more complex automation opportunities.

According to Foresight News, Tools for Humanity, a contributor to Worldcoin, has announced the acquisition of Dawn Wallet. The wallet service will gradually shut down over the coming weeks, with comprehensive support provided for the transition of personal assets. Additionally, Dawn Wallet founders Tom Waite and Isaac Rodriguez have joined Tools for Humanity.

According to PANews, Circle's stock experienced a significant increase of nearly 13% in pre-market trading, reaching $225.78. This follows a substantial rise on Wednesday when Circle's stock (CRCL.N) surpassed $200, closing with a gain of 34.25%.The surge in Circle's stock price comes amid recent comments from the founder of Airwallex, who suggested that it might be time to short Circle. This statement has sparked discussions and speculation in the market regarding Circle's future performance.