📈 Market (24 Hours to June 10, 2025)
Market cap rose ~3.9%, reaching $3.41 trillion.
24‑hour trading volume increased ~40%, totaling $131.3 billion.
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Main Drivers Behind the Surge
1. Institutional inflows into crypto funds
Digital asset products attracted $224 million in inflows in the week ending June 6.
Seven-week cumulative inflow of $11 billion, with $296.4 million into Ether and $386.2 million into spot Bitcoin ETFs on June 10.
2. Short liquidations triggering a squeeze
Over $451 million in crypto derivatives were liquidated in the past day, of which ~$391 million were shorts.
Short Bitcoin liquidations alone totaled about $195.8 million.
The single largest liquidation was approximately $4.06 million on HTX (ETH/USDT).
3. Bullish technical setup on TOTAL index
TOTAL confirmed a “bull flag” breakout at around $3.25 trillion on June 8.
It’s now testing the $3.5 trillion resistance, with a potential upside target near $4.36 trillion (≈ +30%).
Indicators include RSI rising from 44 → 59 and a Golden Cross (50‑day SMA crossing above 200‑day) on June 6.
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✅ Summary Takeaways
A combination of strong institutional demand, forced liquidations of short positions, and technically bullish market structure has propelled today’s crypto rally.
The positive sentiment is both broad-based and technically reinforced—suggesting potential continuation if key resistance levels are cleared.
