Let’s talk about why Bitcoin can reach $110,000 today (Monday night): the core path is loosening of macro expectations → structural buying → supply-side contraction → technical and emotional release. Loosening of macro expectations: expectations for the Fed’s rate cut have clearly increased, especially Trump’s public pressure on Powell, which has caused the market to reprice the probability of a summer rate cut; coupled with the postponement of short-term macro negatives (such as tariff issues), risk appetite has returned, and funds are willing to flow into high-beta assets. The macro narrative has provided a risk-on tailwind environment, which is a prerequisite for funds to dare to move.
The core driving force is firm structural buying, which is the main engine of growth. We can see two sources of funds draining the market:
1. The net purchase volume of ETFs from 2025 to date (over 81,000 BTC) has completely covered and exceeded the new coins mined by miners in the same period (about 72,000 BTC)
2. Listed companies continue to include BTC in their balance sheets (over 3% of the entire network has been locked up), coupled with the Circle IPO surge, Cboe's launch of a new BTC index and other events. While demand is strong, supply is shrinking.
On-chain data shows that the exchange’s BTC reserves have fallen to the lowest point since 2018 (less than 2.6 million available). After the halving in April 2024, only about 450 BTC will be produced every day (as mentioned above, it is not enough for ETFs to fill the gap). The result is that active circulation and active sellers in the market are extremely scarce.
Under this condition of low liquidity and rigid supply, the price can be easily leveraged by the appearance of a little incremental capital, and the buying effect can be magnified several times.
Another point worth noting is that the margin call of over $310 million on June 6 just cleaned up the long leverage, the funding rate returned to a healthy level, the market burden was reduced, and after a few days of bottoming out, the price entered the key area of 109k-111k today, where a large number of short stop-loss orders and margins were piled up.
Ambush 3 types of altcoins that will increase 10 times in the future bull market!
1.IOTA
IOTA has made significant progress in the past few weeks, which is expected to reshape its position in the cryptocurrency space. One of the most important updates is the launch of Swirl, a new liquid staking platform that has gone live on the IOTA mainnet. With this update, users can now stake their IOTA tokens and receive rewards in stIOTA.
These stIOTA tokens are liquid, meaning holders can still trade them, use them in DeFi, and even earn additional rewards — all while their original IOTA tokens remain staked. This is a smart move that expands IOTA’s adoption in the growing DeFi ecosystem.
In addition, the IOTA Foundation recently partnered with five major global organizations to form the TWIN Foundation. The organization’s members include the World Economic Forum and the Tony Blair Institute for Global Change, among others. Their goal is to use IOTA’s decentralized technology to build a more transparent and inclusive trade system. The initiative will run the Global Trade Information Network (TWIN) based on the IOTA distributed ledger.
On May 5, 2025, IOTA also completed a major upgrade called the Rebase Protocol. This update aims to enhance decentralization and increase staking participation, thereby strengthening the network and attracting more developers.
Despite these positive updates, the IOTA token has been going through a downturn in the market, down about 23.81% over the past month. However, the daily and weekly charts have begun to show signs of recovery. Daily trading volume has increased by more than 15%. Many investors hope that with these new changes, IOTA will be able to rebound soon and may become the next cryptocurrency to break out.
2.BONK
Bonk (BONK), on the other hand, is in a more mixed situation. Its price has fallen by 1.10% over the past week, reflecting the general plight of meme coins. However, its long-term outlook is more positive due to its close ties to the Solana ecosystem and growing interest from institutional investors.
BONK has currently integrated more than 350 on-chain applications and recently announced a partnership with Nasdaq-listed DeFi Development Corp to launch a new validator. This move will help increase the decentralization of the Solana network and attract more investors. Despite competition from emerging meme tokens such as Fartcoin and Dogwifhat, BONK has a first-mover advantage with a solid market cap of $1.29 billion.
BONK’s price action depends on whether it can keep up with Solana’s growth and handle the volatility common in meme coin trading, and the token will likely remain range-bound unless a major catalyst emerges.
Still, if Solana’s ecosystem continues to expand, BONK could benefit and gradually become a utility token rather than just a meme. In the long run, this validator project might even help change the way people think about BONK.
3.KSM
Finally, there is Kusama (KSM), often referred to as Polkadot’s “wild brother.” Built on the same Substrate framework as Polkadot, Kusama provides a proving ground for new projects looking to scale and innovate quickly. Some teams use Kusama as a stepping stone before migrating to Polkadot, while others choose to continue using it for its flexibility and speed.
As of writing, KSM is trading at $16.24, up slightly by 0.18% in the past 24 hours and 3.35% in a week. Its trading volume has increased by 16.10% to $7.22 million. The price outlook is slightly pessimistic at the moment, but the Fear & Greed Index shows a score of 62, indicating that investor optimism is growing.
Kusama has a strong developer community and a solid foundation. If the project can acquire some new partners or make updates, the price of KSM could break through $25. Some experts predict that in a bull market, the average price of KSM will reach $23.19 by the end of the year. However, in the worst case scenario, if the market turns bearish, the price of KSM could drop to around $11.99.
Kusama continues to thrive as a playground for blockchain innovation. As investor interest grows and technological upgrades advance, it may become the next explosive cryptocurrency.
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