$ETH

According to 4E observations, as of June 10, 2025, at 14:00 (UTC+8), Bitcoin (BTC) is priced at $109,240, with a 3.6% increase over the past 24 hours, reaching a daily high of $110,290, approaching the year's high. Technical indicators show that bullish forces have regained control, with clear support at $105,000. Mainstream cryptocurrencies such as ETH, SOL, and LINK have also recorded increases of 1%-4%, with the total market capitalization of the crypto market rising above $2.5 trillion, indicating a gradual warming of capital sentiment.

On-chain data shows that institutional funds are continuously flowing into crypto funds, and Circle plans to go public on the New York Stock Exchange this week, with a valuation that could reach $7.2 billion. Coupled with expectations for stablecoin legislation, this provides mid-term positive support for the market. Although some BTC ETFs still show signs of net outflows, mainstream products like IBIT continue to attract significant capital, indicating stable long-term allocation demand.

On the macro level, the U.S. May CPI and non-farm payroll data are about to be released, and the market generally expects that if the data is weak, it will strengthen expectations for a rate cut in September, which would be favorable for risk assets like crypto; the European Central Bank will also hold a policy meeting, and if dovish signals are released, it will further relieve global financial pressure.

4E reminds that the crypto market is at the intersection of technical rebounds and macro games, and short-term strong performance may continue. Investors are advised to pay attention to Federal Reserve dynamics, stablecoin legislation progress, and ETF fund flow changes, to reasonably control positions and guard against high-level volatility risks.