Glassnode data shows that Ethereum whale wallets have net increased their holdings by over 800,000 coins for seven consecutive days, with a total position of over 14.3 million coins held between 1,000 and 10,000 coins. On June 12 alone, the net increase of Ethereum whales exceeded 871,000 coins, marking the largest single-day net inflow this year. Such a large-scale purchase is also the first since 2017.
After advising everyone to reduce their Bitcoin positions in mid-May, my uncle has only recommended increasing Ethereum positions within a month. The other sections have remained unchanged. This includes Ethereum's first-mover advantage in the current Wall Street RWA crypto layout and the consideration of Ethereum's infrastructure attracting funds after continuous hype around stablecoins. The market cannot simply start from memes and end with memes.
In macro data, yesterday Bitcoin spot ETF had a net inflow of $216 million, remaining in a net inflow state for a consecutive week; Ethereum spot ETF saw a net inflow of $11.09 million, slightly showing fatigue in the short term. Overall, the short-term market decline and subsequent rebound caused by geopolitical conflicts have led the capital market to have a positive attitude towards Trump's potential mediation, and the likelihood of black swan events has decreased again.
Tonight at 2 a.m., the Federal Reserve will announce the interest rate decision for June. The current market signals suggest that rates will generally remain unchanged. The focus will be on Powell's speech regarding the economy following the decision, from which the next economic policy signals will be derived. Based on past experience, no matter what Powell says, Trump will inevitably step in, and if he doesn't provide a clear signal for interest rate cuts, Trump may really struggle.
The long-awaited (GENIUS Act) has finally passed with a high vote in the US Senate. It will officially take effect after Trump signs it. The market's reaction to this act is not significant in the short term, as the benefits have mostly been released in advance. In the long term, it essentially curtails negative claims about cryptocurrencies being equivalent to air, providing basic guidelines for the stable long-term injection of off-market funds into the crypto market.
The US stock market has been extremely strong recently. According to unreliable sources, there have been many restrictions recently in the domestic market regarding capital outflows, especially concerning the outflow of retail investors' funds. Individuals wanting to open an offshore account are mostly unsupported remotely. It is evident that places with economic prosperity can attract people. Smart people with smart money are always a step ahead. My uncle tentatively believes that when the market rises, establishing necessary systems to limit retail participation is also to protect them from losses.
Recently, the market has been quite dull. My assistant said they have been experiencing continuous heavy rains and typhoons, creating a stark contrast in market sentiment. My uncle is grateful for the reminder from his soulmate in advance, living in a sunny corner, occasionally checking (it has always been) to reduce noise for himself, flipping through Brother Sun's (this world is both cruel and gentle) to gain insight into his unique self-awareness.
With half of the year gone, it's time to make good plans for the second half. I just browsed and saw that Trump is about to play the card of drug tariffs. If that is the case, the tariffs game that has been played since he took office is about to reach its end.
BTC: The supply of Bitcoin is frighteningly stable, and the market is looking for an opportunity. The divergence indicator on the weekly trend has eased somewhat, but it still needs time for final confirmation. Before new liquidity appears, my uncle tends to think it will go down for a while. In the short term, apart from waiting for a market turning point, there isn't much room for operation. The four-hour market high is around 108,500 points, and the low is around 104,000 points.
ETH: Ethereum is linked to Bitcoin. I tend to aggressively start accumulating at Ethereum's low points, and I will continue to increase my position when there are significant pullbacks. The short-term trend's importance regarding the cyclical trend is not significant; as long as funds continue to flow into Ethereum, the certainty of the market will greatly increase. Technically, Ethereum's daily low is at 2,360 points, and the range high is at 2,730 points.
The altcoin market is fluctuating, following the lead. The stablecoin concept MKR has surged 3.5 times this year. If this concept continues to ferment, my uncle tends to think it can take the lead and reverse, waiting for opportunities below 1,800 points.
Brother Sun's upward social capabilities are terrifyingly impressive. After this wave of landing in the US, if we can see him in the mainland, it will truly mean he has completely landed. In last night's live broadcast, Brother Sun also played the HTX card again, along with future plans. Therefore, my uncle believes that in all his series, the long-term value perspective should focus on HTX.
The market cap of HYPE turned after reaching a new high yesterday. I'm waiting for a chance for a significant drop; I believe there will definitely be considerable space in the future. UNI, which previously drew attention at $6, surged to $8.6 before pulling back, and there are still expectations for speculation.
Finally, conducting a survey, focusing on live explanations of technical aspects and project logic. Is there a demand for this? Previously, I have been providing value for this section to a third party, and there are plans to start classes within the community soon.
Other questions can be discussed in the comments.
The Fear and Greed Index is at 52 for the day.
Finally, stay away from leverage and stock up on spot assets! #GENIUS稳定币法案 $BTC #美联储FOMC会议
