Did you think that the US-China trade negotiations were just a game between major powers? Wrong, in the crypto world, this is a big show that can make K-lines dance! On June 10, the negotiations in London were still in a tug-of-war, BTC surged from $105,000 to around $110,000, ultimately closing at $109,800, up 4.7%. ETH and BNB also warmed up, rising by 5% and 1.5% respectively. But don't forget, the riots in Los Angeles have just calmed down, and market sentiment is like a roller coaster—first a scare, then a sigh of relief. In today's article, let's dig into the covert battle of this trade negotiation and the riots, and the true signals behind the K-lines!
🔻📉【Small steps in the crypto world, a hot but stable market】
🚨【First rise then fall, stability is key】
In the past 24 hours (from June 10, 2025 01:00 EDT to June 11, 01:00 EDT), Bitcoin (BTC) rode a mini roller coaster, rising from $104,964.14 to a high of $110,530.17, ultimately closing at $109,894.02, with an increase of about 4.7%. Ethereum (ETH) rose from $2,536.36 to $2,662.89, an increase of about 5%. Binance Coin (BNB) rose from $655.07 to $665.28, with an increase of about 1.5%.
Overall market sentiment resembles a 'slow-burning player': BTC leads the charge, with ETH and BNB trailing behind, catching their breath. The market lacks a clear direction, like a programmer who just finished overtime—wants to work, but first needs a cup of coffee. Bulls want to charge but fear a fall, while bears want to crash but fear a rebound, and the wait-and-see sentiment has become the main character.
🌏🤝【US-China negotiations hanging by a thread, market holds its breath】
On June 9, US-China talks began in London and continued to drag on on June 10. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng were at odds, discussing tariffs and rare earth exports, while the market watched like a suspense drama—will the outcome be a bull market or a bear market? No one knows! Some on X are shouting 'BTC is about to break $108,000' (@Cato_CryptoM), but others are worried that a breakdown in negotiations will crash the market. After the Geneva talks in May, BTC rose by 3.2%, will this happen again? Or will the market be 'boiled like a frog in warm water'? The price now seems to be waiting for a loud firecracker, whether it explodes depends on the negotiation results.
🚨🏙【Los Angeles Riots: Aftermath Still Unsettled】
On June 10, the riots in Los Angeles triggered by the ICE arrests calmed down, and the Trump administration dispatched the National Guard and Marines to control the situation. California Governor Gavin Newsom criticized this move as a 'deliberate provocation' (Los Angeles riots). In the early stages of the riots, BTC fell from $106,568.59 to $100,372.26, with ETH and BNB also shaking a bit, as if startled. But once the situation calmed down, market sentiment warmed up, and prices rebounded (Crypto market impact).
This wave of riots was like a 'quick scare', initially making investors' hearts race, but once it calmed down, everyone started looking at the K-lines for direction. In the long run, we still need to watch social stability and policy direction.
🏦📈【Institutions are calm, quietly accumulating】
Don't be fooled by the market's sluggishness, institutions are not idle:
Fidelity's BTC ETF saw a net inflow of $22.8 million in the past 24 hours, sending a clear signal: the big players remain confident in BTC (Fidelity BTC ETF).
On-chain data shows that BTC and ETH continue to flow from exchanges to cold wallets, retail investors are watching, and the main players are locking up (Chain data).
Trump Media and GameStop have also joined the BTC hoarding army, indicating that institutions are optimistic about the long-term prospects of the crypto market (Trump Media BTC).
In plain terms: the market is stagnant, and the main players aren't running away. If you cut your losses now, institutions will probably smile and say 'thank you for your business'.
🔥🎉【Hot Topics: btcSOL and Circle IPO】
The crypto world has never lacked 'drama queens':
Zeus Network's btcSOL has emerged, allowing users to earn Bitcoin by staking SOL, and even giving away NBA tickets, it's simply 'Double Eleven in the crypto world'! This move has ignited community enthusiasm, and the trading volume in the Solana ecosystem is expected to explode (Zeus Network btcSOL).
Circle's IPO was a huge success, with its stock price soaring from $31 to $103.75 on the first day of trading on June 5, closing at $84.92 with a market cap of $187 billion. ARK Invest spent $373 million to buy 4.5 million shares, and BlackRock also subscribed for 10%, completely igniting the stablecoin market (Circle IPO).
The RWA market is also not to be underestimated, with TechFlow Post stating a 48% growth in the first half of 2025, with Ethereum holding over 50% market share, ZKsync closely following (RWA market).
These hot topics are like the 'traffic codes' of the crypto world—loud and quick to rise, retail investors get excited, and the main players are smirking.
📉🤯【The market isn't crazy, but it's not gentle either】
Overall, the market in the past 24 hours has been somewhat 'tepid'—no major collapse and no major explosion. BTC rose by 4.7%, like a 'consolation prize' from negotiations; ETH and BNB saw slight fluctuations, as if they were players who just woke up. From a policy perspective, US-China negotiations remain unresolved; from an institutional perspective, capital inflow is steadily progressing; from a community atmosphere perspective, people are arguing but no one dares to go All In.
This kind of 'muddy 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. The outcome of the negotiations could be the fuse for the next bull market or the opening gong for a bear market.
🪞📜【Time for post-game analysis】
To summarize today's market, the main tone is 'steady yet warm', with BTC's momentum and community enthusiasm being hot, while ETH and BNB maintain a 'Buddhist-like' performance. The US-China trade negotiations are like a sword of Damocles hanging overhead, while institutions are quietly accumulating below. After the Los Angeles riots calmed down, the market returned to calm, but long-term impacts require attention to social stability and policy changes. The heat generated by Zeus Network's btcSOL and Circle's IPO has ignited the market, but for it to truly take off, we need to see if the negotiations can provide a 'loud firecracker'.
To sum up today's situation in one sentence: the market feels like warm water for soaking feet, not hot enough to burn but uncomfortable. Retail investors complain about the slowness, while the main players find it noisy, and the market is waiting for a big move.
