1. Market Frenzy: Bitcoin is back, and institutions are extremely eager.
Bitcoin has once again crossed the $110,000 mark after two weeks, just one step away from its historical high. The core driving forces for this round of explosion are three:
Policy Dividend: The Trump administration plans to establish a 'National Bitcoin Strategic Reserve' and promote the adoption of fair value accounting standards by companies, while sovereign funds (like Saudi PIF) accelerate their entry.
ETF Syphon Effect: The net inflow of spot Bitcoin ETFs is expected to exceed $70 billion this year, and if Ethereum ETFs are approved, it will add further fuel.
Extreme Supply and Demand Imbalance: Only 900 BTC are issued daily, 74% of the circulating supply is locked for over 2 years, and exchange reserves continue to see net outflows (Binance reduced by 51,000 BTC in May).
Economic Perspective: This perfectly confirms Say's Law — when supply contracts (halving effect) meets surging demand (ETF funds), prices are bound to break through the margin.
2. Ethereum Ecosystem's Major Counterattack: The Layer 2 war has entered a heated phase
ETH surged today, breaking through $2800, with key catalysts coming from:
Technical Upgrade: The Pectra upgrade will increase throughput by ten times, and staking coins (like LDO, SSV) are being fully bet on by institutions.
ETF Fund Inflows: Since its launch, the daily net inflow of the Ethereum spot ETF has never been interrupted, with consensus power far exceeding expectations.
Trader Strategy: Referring to Metcalfe's Law, the value of the Ethereum network is proportional to the square of the number of users — currently, Layer 2 active addresses are increasing by 40% per month, with a target price of $3000 being just the starting point.
3. Solana and Meme Coins: A 'casino track' with high risks and high rewards
SOL: After the Firedancer upgrade, TPS broke through one million, but caution is needed regarding the selling pressure brought by the unlocking of 127 million STRK tokens on June 13.
Meme Coins: Although strong coins like SUI attempt to rally, overall they still lack a profit-making effect, and the next wave of market movement needs to wait for new liquidity injection.
Behavioral Finance Warning: Retail investors often fall into the disposition effect — selling profitable coins (like ETH) too early, while stubbornly holding onto losing coins (like Meme coins).
4. Fable: The Bull Market Revelation of the Miner and the Traveler
Once there was an old miner who told a traveler when Bitcoin was at $10,000: 'True wealth belongs to those who can hold the shovel.' The traveler scoffed and left, frequently trading during the bull market, eventually being washed out by volatility. Meanwhile, the miner quietly invested his earnings in ETH staking, and five years later, his passive income exceeded the principal of most people.
Meaning: The most dangerous thing in a bull market is not volatility, but the arrogance of thinking one can outsmart the market.
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⚠️ Disclaimer: The market has risks, and this article does not constitute investment advice.