🔻📉【Small steps in the crypto world, a steady heat in the market】
Bitcoin (BTC): In the past 24 hours, the price fluctuated between approximately $101,860 and $103,300, ultimately closing at around $102,780, with a daily increase of about 0.66%.
Ethereum (ETH): Fluctuated between $2,249 and $2,313, closing at around $2,284, down about 0.48%.
Binance Coin (BNB): Trading between $627 and $633, with a slight rise, closing up about 0.29%.
Overall, BTC is warming up steadily around $100,000 with a slight increase, ETH has temporarily stopped its decline after a significant drop the previous day, and BNB is the most stable—seemingly the only one holding up among the 'honest people'. This 'hot yet stable' trend indicates that most funds are still watching and waiting, with neither bulls nor bears rushing to flee.
🌏🤝【International Political and Economic Impact】This week, the sudden escalation in the Middle East.
Israel launched nighttime strikes on several Iranian nuclear facilities, and the Iranian Islamic Revolutionary Guard vowed to retaliate against all US interests in the Middle East. Geopolitical risks surged, greatly favoring safe-haven assets: Brent crude oil prices briefly rose to about $75 per barrel, with a daily increase of 6-7%, and gold also surged to about $3,435 per ounce, causing the US dollar index to strengthen by about 0.8%. Consequently, risk assets faced sell-offs: all three major US stock indices fell (S&P 500 down 1.1%, Dow down 1.8%, Nasdaq down 1.3%), and the fear index VIX spiked to a three-week high. The crypto market naturally couldn't stay out of it: following news of Israeli airstrikes, Ethereum plunged over 5% during the day, while Bitcoin slightly dropped about 1%, indicating that bullish funds also rushed into stablecoins and traditional safe-haven assets, sharply cooling risk appetite.
🚨🏙【Sudden Hedge Line】
Since the 17th of this month, the escalation of the Middle East conflict has directly impacted the influence of Ethereum on hedge hacker groups: the anonymous organization 'Middle East Ghost' claimed on the dark web that it would hack exchanges, causing panic in the technical routes of some projects. Although it did not trigger significant capital movement, it added uncertainty to the market.
🏦📈【Institutional Actions】
On-chain data shows that large amounts of funds continue to flow into cold wallets for Bitcoin and Ethereum, indicating that major players are accumulating.
On June 22 at 10:00 AM (UTC), whale wallets sold 3,158 ETH and 2,298 ETH respectively, transferring both batches of funds to exchanges, causing short-term pressure on ETH.
Grayscale's Ethereum Trust experienced a net redemption of $12 million, indicating that institutions' patience for ETH is clearly lower than for BTC.
Exchange Bitcoin reserves continue to decline: Binance saw a net outflow of thousands of coins in a single day; meanwhile, Bitcoin OTC ETFs continue to see net inflows, indicating that major players are taking advantage of the chaos to build positions.
🔥🎉【Project Spotlight】
BTC Bull: An ERC-20 meme token linked to the price of Bitcoin with a designed airdrop and burn mechanism, the presale has raised over $7.2 million.
GENIUS Act: The US Senate has passed a regulatory framework for stablecoins.
Hacker Storm: The Israeli hacker group 'Predatory Sparrow' claims to have hacked and destroyed $90 million in funds, waking the crypto world again.
Solana Ecosystem: The Pump.fun craze is still ongoing, rumors about Terra 2.0 are rampant, and TRX's market cap has broken through the $25 billion mark.
📉🤯【The market isn't crazy, but it's also not gentle】
Market sentiment is like 'boiling a frog in warm water': BTC holds at $105K, Ethereum consolidates around $2,300, and BNB firmly maintains $630. In the past 24 hours, there were 170,000 liquidations, totaling $675 million, 90% of which were long positions.
This 'not crazy yet not gentle' trend shows no major breakout, yet keeps everyone alert—any slight relaxation could get swept away by a big wave.
