Last night, the global situation seemed to be frantically spinning like it was injected with energy by an old demon, and I, the old leek, couldn't sleep well. I opened my eyes to find the cryptocurrency market, gold, oil, and European and American stock markets all experiencing "force 8 winds," with plenty of bullets flying in the Middle East and a stronger emotional connection. Alright, no more rambling, let's get straight to the point.
🔻📉【Crypto market small steps】(Market overview)
Bitcoin fluctuated and fell in the past 24 hours, peaking at about $107.7K and dipping to about $103.4K, closing around $104.6K, down about 2%. Ethereum has also seen a continuous decline of over 5%, currently priced around $2,498; BNB is also not escaping the shadow, dropping below $650 and hovering around that level. In terms of fund flows, there are dark currents: big players have not fully exited; instead, they are quietly accumulating. On-chain data shows that large holders of Ethereum holding between 1,000 and 10,000 ETH are aggressively buying, with their holdings rising to about 14.3 million (equivalent to the level during the 2017 bull market). Institutional funds continue to pour in - Bloomberg data shows that US Ethereum ETFs have seen net inflows for 14 consecutive trading days, totaling about $812 million.
Overall, Bitcoin's market has not completely collapsed; fund flows are relatively stable, but it was caught off guard by a wave of adjustments.
🌏🤝【International political and economic impacts】(Middle East and other macro aspects)
The international market is synchronously shaken by geopolitical and macro factors. In the US stock market, the Dow Jones fell about 0.7%, the S&P 500 dropped 0.84%, and the Nasdaq plunged 0.91%; the European Stoxx 600 index fell below a one-month high, closing down about 0.8%. The only sector that avoided the limit down was energy: oil prices soared, with WTI briefly breaking $75/barrel, rising over 4.4% on the day, while Brent crude once skyrocketed over 5.5% to challenge $75. Gold prices hit a new high, with spot gold slightly rising about 0.2%, approaching $3,390/ounce, indicating a significant increase in safe-haven demand. The US dollar index performed strongly, rising about 0.2% to around 98.65, while US Treasury yields fell, with funds flocking to safe havens. On one side, Trump temporarily ended his G7 itinerary to return to Washington, claiming to have "limited patience with Iran" (but not taking action for now); on the other side, the Federal Reserve's interest rate meeting is imminent on Wednesday.
In short, as long as the tensions in the Middle East do not escalate to a chaotic level, this "arms race" will push up oil and gold on paper while suppressing risk assets, with various contradictions making the market both dull and unpredictable.
🚨🏙【Social or security events】(Focusing on the Iran conflict)
The conflict between Israel and Iran continues to escalate: having just ended bombings on Iranian nuclear facilities on Friday, over the weekend, the Israeli military launched airstrikes on Iran's largest oil and gas field, South Pars, causing the production platform to cease operations. Iran immediately retaliated with missiles and drones, with both sides exchanging a few rounds of ammunition daily. President Trump made a show of declaring he wants to "completely resolve the Iranian nuclear issue," verbally pressuring Iran while sending officials to mediate (even temporarily leaving the G7 summit to return home). The tensions in the Middle East have led to a flow of safe-haven funds, causing gold and oil prices to surge. Meanwhile, the crypto market has also been active - Investing.com reported that Bitcoin continued to retreat in this conflict with Iran, with risk appetite significantly diminished.
In other words, the sound of gunfire has given cryptocurrency investors peace of mind: this round of market is more about adjustments in the risk sector rather than a celebration in a single area.
🏦📈【Institutional actions】(ETF inflows, on-chain changes, fund behaviors)
In terms of funds, the trend remains bullish: US compliant exchanges' ETH ETFs continue to attract capital, leading the enthusiasm of institutional investors to return. According to Bloomberg statistics, nine US Ethereum spot ETFs have seen net inflows for 14 consecutive days, totaling about $812 million, marking the largest influx of funds since 2025. On-chain data also shows a broader picture: Ethereum whales are no longer running out of steam; instead, they are actively buying, with the holdings of whale wallets (1,000 to 10,000 ETH) sharply increasing, reminiscent of the bull market in 2017. Regarding Bitcoin, despite last night's adjustments, long-term investors remain confident. Some analysts believe that Bitcoin may see larger-scale institutional inflows in the future.
In summary, long-term funds' appetite for crypto assets has not diminished; rather, they are seeking "price undervaluation" to allocate assets in the face of external risk events.
🔥🎉【Project hotspots or events in the community】(Binance Alpha and other hotspots)
Binance's Alpha trading platform has become the center of discussion this week. The two recently hyped Alpha tokens, $ZKJ and $KOGE, triggered a massive sell-off due to a price crash, leading to a chaotic trading mechanism. It was officially announced that starting from June 17 at 8:00, the trading volume of all Alpha tokens (Alpha→Alpha) will no longer count towards points, effectively telling everyone that "the cheat path of exchanging tokens for tickets has been eliminated." Once the news broke, the Alpha platform exploded: many victims shared screenshots of their liquidations on social media, angrily criticizing the late rule change. Rumors suggested that over 100,000 people exited the Alpha community within a day, resulting in a "crying trust crisis" erupting in the community. Whether it was furious complaints about being harvested or sarcastic jokes, they were all abundant. However, Binance was busy: various new projects were lined up for launch. The projects being tested in the Alpha system are comparable to (CCB's mooncake gift package): including Eclipse (Alpha's first project, with 335 test accounts), SpaceAndTime (IDO completed on May 9, over 150 accounts received rewards), Humanity Protocol, Saharalabs, Towns, Layer3, and as many as 6 projects.
Everyone is both complaining that the Alpha mining game is no longer friendly while simultaneously completing tasks to grab points - it's truly a love-hate hotspot.
📉🤯【The market is not crazy, but it is not gentle】(Comprehensive sentiment analysis)
In summary, the market is not in an extremely crazy state, but it certainly can't be called gentle. The fear index VIX once rose to a one-month high of 21.6, indicating that risk sentiment has indeed tightened; but compared to historical highs, it is still far from that, and people have not truly self-destructed. The US dollar index slightly rose about 0.2%, which also exerted some pressure on risk assets. Sentiment in the crypto space follows the macro trend: although Bitcoin was more stable than the limit up yesterday, funds were cautious, essentially resulting in a sideways market with "not much increase, not much drop." I think it's like riding a slightly tipsy wild horse - if you don't whip it, just let it sway, and it won't suddenly kick you.
To be honest, the market lacks a heat wave; investors still prefer to watch and diversify their layout, after all, the dual pressures of war and tapering are still looming overhead, who would dare to gamble with their lives?
🪞📜【Time for reflection】
Looking at the market, I understand: the fluctuations of non-ferrous metals are all stories; those who are not in the wind are always the leeks. Right now, with the whole world preparing to charge ahead, those who promote Bitcoin's bullish trend are gradually dwindling; it’s like the mantis stalks the cicada, unaware of the oriole behind. If it weren't for the dizzying headlines I see, I would have long since set my stop-loss line in stone. Overall, although the situation is turbulent, the bullish sentiment at $100,000 still prevails; experienced leeks know: the real madhouse is always on the last page of the investment textbook, and it won't be in the neighboring news. In short, we seasoned leeks can only watch the market rise and fall with a smile - as long as the ability to make money is not scared away by the turmoil in the Middle East.
🧨【Today's piece of madness】
In such a lively war, the only thing I'm sure of is: no matter how much Bitcoin rises, it won't save my girlfriend's mood, which is even worse than my game.
