Do you think the disagreement between the president and Martians is just entertainment gossip? Wrong. In the cryptocurrency world, every bit of trash talk can trigger hundreds of millions of dollars in liquidations. Just days after Trump and Musk had a fight, BTC fell below $100,000—fortunately, these two turn their faces faster than flipping a book, and a phrase like 'the relationship has never been better' temporarily eased the market's worries. But behind the calm, ETH quietly dropped, BNB barely held on, and XRP gained attention with a prophecy of 'about to surge 350%.' The days seem calm, but in reality, the knife is hidden in the K-line.
🔻📉【Cryptocurrency Market Taking Small Steps, Cooling Before Warming】
🚨【Preliminary Warm-Up Before the Pullback】
In the past 24 hours, Bitcoin slightly rose from about $105,605 to a high of $106,348, before finally falling back to $105,717, barely recording a +0.11% increase. Ethereum performed poorly, dropping from $2,536 to $2,508, down about 0.58%. BNB was a bit more resilient, staying around $652, recording a +0.33% small gain.
Overall, it means: the rise feels hollow, and the decline is slow, a typical 'grinding market.' The market lacks direction, like an intern trying to prove themselves—trying everything but not getting anything done. Bulls fear bears, bears fear the Federal Reserve, and a wait-and-see attitude takes center stage.
👴🛸【Trump and Musk Duet】
On June 6, Trump stated, 'My relationship with Musk has never been better,' and on June 8, he emphasized again, 'We cooperate happily.' This revival of brotherhood is an alternative positive for the cryptocurrency market—after all, when Musk speaks, Dogecoin's heart rate increases.
Although DOGE hasn't shown any shocking movements these days, the market atmosphere has stabilized somewhat; at least no one is worried anymore about 'Platform X' being taken offline by Trump.
🏦📈【Institutions Watching but Not Leaving】
The movement of funds is the real signal. Fidelity's Bitcoin spot ETF saw a net inflow of $22.8 million in the past 24 hours, showing that institutions have not been scared off by the current consolidation. More notably, on-chain data for Bitcoin and Ethereum shows that coins are still flowing out of exchanges into wallets and cold storage, a typical 'locking up to avoid shocks.'
In plain language: although the market isn't moving up, the main players aren't leaving. If you sell now, the institutions will say 'thank you' and continue to act as if they're just passing by.
🔮💸【XRP Continues to Sell Dreams】
Ripple has started a new round of 'dreams turning into reality' drama these days, with XRP rising about 1.6%, but the increase is far from what its community is shouting about—with claims of '350% surge, XRP will hit $10.' We respect dreams and understand obsession, but no matter how loud they shout, it won't bring substantial benefits. Right now, XRP feels more like the keynote speaker at a fortune teller convention, speaking rapidly with absurd content.
📉🤯【The Market Doesn't Make Sense, But It's Not Crazy】
Overall, the market is not 'violent'—whether rising or falling. You could say it 'lacks soul,' or you could say it 'is very rational.' From a policy perspective, there have been no new changes in the U.S. macro environment recently; from an institutional perspective, inflows are small but stable; from a community atmosphere perspective, bulls and bears argue, but no one dares to go all in.
This type of 'dragging' in the market is essentially the market waiting for direction—everyone knows a big wind is coming, but no one knows from which window it will blow in.
