In June 2025, Bitcoin's price robustly recovered, rising over 4% in a single day and re-entering the $110,000 range, just a step away from the historical peak of $111,980 set in May. Mainstream coins like Ethereum and Solana also rose by 4%-5%, while meme coins collectively warmed up, pushing the total cryptocurrency market cap above $2.2 trillion. This surge, driven by policy, capital, and technology, is reshaping the global allocation logic towards digital assets.

##Macroeconomic Policy Shift: Trade and Regulatory Relaxation Inject Strong Stimulus
###China-US Tariff Agreement Alleviates Market Anxiety

On May 12, the joint statement from the China-US Geneva trade talks announced a cumulative reduction of 115% in additional tariffs, exceeding market expectations. This move significantly eased global concerns over an escalation of the trade war, driving a rebound in risk asset prices. Previously, in early April, when Trump signed the 'reciprocal tariff' policy, Bitcoin had fallen to $74,000, with the US stock market losing $6.6 trillion in market value in a single day.

Global stablecoin legislation has made breakthrough progress.

Hong Kong's (stablecoin regulation) has been implemented: effective May 30, it requires all issuers of stablecoins pegged to the Hong Kong dollar to obtain a license, laying the foundation for compliance. The US GENIUS Act passed procedural voting: on May 19, the Senate advanced the stablecoin regulatory framework with a vote of 66-32, prohibiting the disorderly circulation of algorithmic stablecoins. Clarified regulation attracted nearly $100 billion in new funds into the crypto market through compliant channels.

SEC's Disruptive Policy Shift

New Chairman Paul Atkins publicly criticized the previous administration's suppression of self-custody wallet policies, defining 'self-custody rights' as a fundamental American value, allowing for non-intermediated on-chain financial activities. This stance opens a compliant pathway for decentralized exchanges and staking services.

##Institutional Funds Pouring In: Public Companies Spark 'Coin Hoarding' Trend
Glassnode data shows that Bitcoin's illiquid supply has reached a historical peak, indicating that the rise is led by institutions rather than retail speculation. As of June 17:

The number of publicly listed companies holding cryptocurrencies has reached 124, a surge of 39% since early April, with a total holding of over 816,000 Bitcoin, valued at approximately $85 billion. MicroStrategy has invested $2.1 billion in hoarding coins: acquiring Bitcoin for eight consecutive weeks, holding a total of 580,955 coins, with unrealized gains exceeding $23 billion. BlackRock's holdings are nearing those of Satoshi Nakamoto: holding 620,252 Bitcoin, its spot Bitcoin ETF has entered the top 25 in the US with a scale of $72.4 billion, and is expected to become the world's largest Bitcoin holder by 2026.

Last week was still quite good!!! The team still has positions.

Technical indicators form a 'golden cross'.

Bitcoin's 50-day moving average has crossed above the 30-day moving average, a historical bullish pattern that has often indicated a bull market cycle. The current price has stabilized above the key support level of $107,000, with a short-term target pointing to $120,000.

###Derivatives Market Releases High-Confidence Signals

Ethereum ETF has seen net inflows for 15 consecutive days: diverging from Bitcoin ETF, indicating a shift in institutional allocation strategies. XRP's open contracts surged to $5 billion: increased leveraged trading triggered expectations of short squeezes, boosting prices above $2.22.

###Top Institutions Raise Price Expectations

Standard Chartered Bank: Year-end target of $200,000, potentially rising to $500,000 by 2029. HashKey: expects a peak of $150,000-$180,000, with high volatility maintained but market narratives heating up.

##Concerns Amid Prosperity: High Volatility Risks Persist
Despite optimistic market sentiment, the public conflict between Trump and Musk on June 6 led to a 3% single-day drop in Bitcoin, resulting in 227,000 investors facing liquidation and a loss of $981 million. Bitcoin whale James Wynn's 40x leveraged long position was liquidated, evaporating $16.14 million in an instant. This serves as a warning for investors: regulatory games, whale sell-offs, and geopolitical conflicts remain catalysts for short-term price volatility.

##Future Outlook: Compliance and AI Integration Open New Scenarios
As the US SEC advances (a dedicated regulatory framework for crypto assets), project teams are shifting from 'regulatory avoidance' to 'internal compliance'.

Jeffrey Kendrick, Head of Digital Assets at Standard Chartered Bank, pointed out: 'The strategic reallocation of US assets and continued purchases by large holders will sustain Bitcoin's upward momentum into the summer.' As technological innovation, policy benefits, and institutionalization converge, the cryptocurrency market is accelerating its integration into the global financial system's main artery.

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