Report dated June 8, 2025.
The US stock market is closed on weekends, and the market has calmed down significantly, with no major news.
However, the war of words between Trump and Musk continues. Trump says the relationship with Musk is over and warns Musk not to sponsor Democratic candidates, or there will be serious consequences.
Vice President Vance came out to mediate, hoping Musk can calm down and return to Trump's camp, as Trump also does not want to have a deep-seated feud with Musk.
Although their war of words continues, fortunately it has not escalated further.
Bitcoin's price performance is quite stable, currently fluctuating slightly around $105,000. Although trading volume is relatively low, market sentiment remains stable, with the fear and greed index around 55.
Perhaps everyone is looking forward to some good news from the China-US talks next Monday, and the weekend can be a bit of a relief.
From the data, after entering the weekend, the market pace has clearly slowed down, turnover rate has decreased, and even the short-term investors who lost money and fled in the past two days have calmed down, with significant reductions in selling actions as everyone waits for the US stock market to open on Monday.
From the support data, there has been basically no change; $93,000 to $98,000 remains the strongest support, and the range from $100,000 to $105,000 continues to accumulate chips, which is relatively stable in the short term.
From a funding perspective, market funds have increased by $1 billion, totaling $253.5 billion.
USDT's market value has increased by $635 million, reaching $154.458 billion, indicating a significant inflow of funds into the Asia-Europe market on Saturday.
USDC issued $3.2 billion and destroyed $3.1 billion, resulting in a net outflow of $100 million, consistent with the net outflow of funds from last week to this week.
Although funds in the US region have been net outflow recently, the overall market value of stablecoins is still growing, not only USDT but also other stablecoins have varying degrees of inflow, and the overall market fund flow is doing well.
Overall, after the Trump-Musk war, the market has returned to a low liquidity phase, with everyone cautiously observing and no significant profit effects, suggesting to avoid altcoins.
Next, special attention can be paid to the US May CPI data to be released at 8:30 PM on Wednesday, as it will directly affect the pace of the Federal Reserve's interest rate cuts.
Another point of interest is that traditional gold bulls are beginning to recognize Bitcoin's status as digital gold.
They have included BTC in the new 60/40 asset allocation: bond weight reduced to 15%, gold increased to 25%, commodities at 10%, and BTC at 5%, to cope with high inflation and the trend of de-dollarization.
They predict that by 2030, the market value of BTC could reach 50% of gold, which is $900,000 each.
Gold is mainly allocated on a large scale by central banks, sovereign funds, and institutions, making it suitable as a risk reserve.
BTC is more flexible; it can circulate globally, resist censorship, and withstand capital controls, making it suitable as a supplement to the next generation of gold.
Against the backdrop of de-dollarization and declining government credit, central bank gold and private BTC are resonating, and BTC is becoming the new gold, marking a significant shift in asset allocation logic.