BTC Slight Pullback, Guotai Obtains License Benefiting Market Structure

On June 27, news reported that as of June 27, 2025, 14:00 (UTC+8), Bitcoin (BTC) is currently priced at $107,328, fluctuating in the range of $108,084–$106,708 over the past 48 hours.

Overall, the technical outlook is neutral; although volatility has slightly narrowed, there is still no clear breakout trend. Major cryptocurrencies are showing stable performance, with Ethereum (ETH) hovering around $2,430, and Solana and Cardano down by about 2%. The total market capitalization of the crypto market has slightly decreased, with investors increasingly returning to mainstream assets and adopting a wait-and-see approach.

On June 24, Guotai Junan International was approved to upgrade its securities trading license to provide virtual asset trading and consulting services. This is the first Chinese-funded brokerage to receive such an upgrade, and its stock price surged nearly 200% in response. This licensing action serves as a model for traditional financial institutions to enter the crypto market and enhances confidence in industry compliance. Additionally, a recent report emphasizes that while crypto assets have the potential to improve cross-border payments and liquidity, they have not yet entered the realm of central bank reserve assets. This statement reminds the market that while crypto assets hold potential, they still require time to gain widespread recognition as sovereign reserves.

Overall, the market in the past 48 hours remains influenced by regulatory advances, macro data, and geopolitical factors interwoven. Under the backdrop of compliance processes and institutional entry, although the crypto market has seen fluctuations in the short term, the structural driving momentum continues to grow in the medium to long term.

Mr. Zhao reminds investors: Short-term volatility is increasing, please pay close attention to regulatory changes and the impact of options expiration, and be sure to control positions and set reasonable stop losses.

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