When market sentiment turns optimistic, is BTC preparing to sprint to new highs?
Entering June, Bitcoin has once again become the focus of the market. As prices approach the key area of $108,000, many analysts are beginning to revisit a seemingly 'distant' target: $130,000.
But this time, it's not just speculation; data is speaking.
RSI returns to high levels; is $130,000 no longer just a fantasy?
Famous Bitcoin analyst Plan B recently expressed that Bitcoin is approaching the critical range of a relative strength index (RSI) of 75. This technical indicator has signaled strong mid-term rises in several previous bull markets. He noted that once the RSI climbs back above 75, Bitcoin is very likely to challenge the psychological high point of $130,000.
Plan B once became a star figure in the crypto market due to his S2F model. Although the model has faced controversy in recent years, its capture of BTC's technical cycle still holds market reference value.
Shorts retreat: Who is 'lifting the sedan'?
Data shows that in the past 24 hours, Bitcoin short liquidations reached as high as $62.08 million, while long liquidations were only $7.52 million. This clear imbalance indicates that the forces suppressing the price in the market are being cleared — the liquidation of shorts is indirectly pushing prices upward.
At the same time, open interest has surged to $75.96 billion, increasing nearly 5%, indicating that more capital is returning to the derivatives market. More importantly, the weighted financing rate has turned positive from negative, currently at 0.0041%, meaning that capital inclined towards the bullish direction is in the ascendant.
The long-short ratio has reached 1.071, suggesting that overall market sentiment has shifted towards bullish. These are common 'structural signals' in the BTC rising cycle.
Support level defense: Can bullish funds maintain their advantage?
Senior analyst Michael van de Poppe states that Bitcoin is currently holding above the key level of around $108,900; as long as this position is not breached, the upward trend is expected to continue.
He pointed out that this range is forming a 'support band recognized by market consensus,' with buyers continuously increasing their positions, forcing sellers to 'cover,' thereby driving further uptrends. Given Bitcoin's current stable fundamentals and technical trends, if this 'base' is solid, breaking through $130,000 in the short term will no longer be just an emotional game, but a continuation of technical momentum.
The bull market logic of Bitcoin: not just a 'safe-haven asset'
Looking back at this round of rebounds, Bitcoin is no longer synonymous with a 'speculative token,' but more like an institution-level investment target.
As ETF capital flows gradually recover, on-chain active addresses continue to rise, and the macro environment improves due to the Fed's looser policies, Bitcoin is gradually breaking away from a single price logic, evolving towards a composite asset attribute of value storage + deflation resistance + decentralized credit anchoring.
Especially against the backdrop of accelerating integration of AI and blockchain, BTC is increasingly seen as the 'reserve currency of the on-chain asset system.'
In this kind of market, data judgment is more important than emotion.
Facing the $130,000 threshold, the market is restless, but what should calm investors focus on?
At this point, a platform that integrates on-chain capital flow, derivatives data, ETF inflow and outflow, and key indicator interpretation is particularly important. Mlion.ai's investment research system was born for this purpose:
Utilize AI to track financing rates, liquidation data, and position distribution in real time to assist in judging long-short trends;
Use sentiment heatboards to identify whether social media and mainstream information are resonating;
Conduct multi-cycle comparative analysis on classic technical indicators like RSI and MACD to capture price critical turning points;
Integrate Bitcoin ETF net inflow data to assess whether institutional trends support the continuation of the trend;
ThroughAI research report functionDaily output of market commentary, saving personal analysis time and improving cognitive efficiency.
If you are looking for the 'starting point' of the next explosion, this AI-enhanced perspective may help you spot opportunities earlier instead of waiting for the market to 'tell you'.
Summary: Will BTC reach $130,000?
Currently, Bitcoin is performing well above $108,000, institutional buying is continuously strengthening, technical signals are converging, and bullish sentiment is further heating up. In the short term, as long as it does not break key support and continues to maintain positive financing rates, the target of $130,000 is not far off.
However, it should be noted that the market still presents volatility and external disturbances (such as shifts in Fed policy, geopolitical issues, etc.), and traders should set stop-loss and take-profit strategies while closely monitoring key capital flow indicators.
Mlion.ai is like your 'smart alarm' in the market, helping you detach from emotions and return to rational investment.
Disclaimer: The above content is for information sharing only and does not constitute any investment advice. Cryptocurrency assets are highly volatile, and investment should be approached with caution!