#中心化与去中心化交易所 II. Market Dynamics and Capital Movements

1. Bitcoin Strong Rebound

Rebounded from a low of $100,377 on June 5th to $104,472, with a 24-hour trading volume of $47.8 billion, showing a V-shaped reversal technically. Resistance levels are seen at $105,000-$107,000, and support level at $101,500.

Catalysts for the rebound include improved ETF inflows (net inflow of $50 million in a single day) and short covering.

2. Circle Surges 168% on First Day of Trading

Stablecoin USDC issuer Circle debuts on the NYSE, closing at $83.23 (issue price $31), with a market capitalization exceeding $18.5 billion, becoming the "first stablecoin stock".

BitMEX founder warns that this IPO boom may revive the ICO bubble risks of 2017.

3. Institutional Holdings Surge

Bitcoin holdings of 116 listed companies increased to 809,100 BTC (approximately $85 billion), more than double the amount in 2024, mainly due to Trump's policy support and new accounting standards allowing for profit recognition.