According to the current liquidation map, the market bears dominate around the current Bitcoin price of $108,600. If the market fluctuates by $2,000 and rises again to around $110,600, the cumulative liquidatable amount for bears is estimated to be approximately $970 million. Conversely, if the market drops to around $106,600, the cumulative liquidatable amount for bulls is estimated to be about $1.2 billion. Yesterday, the net inflow of spot funds for Bitcoin ETFs was $18.2 million, while the net inflow for Ethereum ETFs was $76.7 million.
Market direction: bearish in the short term. From the current market trend, whether from the 4H or daily level, there are signs that the market is due for a correction, while Ethereum is showing slight strength. The overall market is still in a volatile consolidation phase awaiting the next movement. For most altcoins currently, they are also slightly correcting alongside the market. Personally, I believe attention should be focused on the conflict regarding immigration in the U.S. If the situation escalates further, it will definitely impact the U.S. stock market, leading to a market correction as well.
Pay attention to 3 altcoins that may increase by 10 times in the future!
1. CAKE
The steady growth of PancakeSwap (CAKE) proves that even in a tough market environment, excellent projects can thrive. As one of the largest decentralized exchanges (DEX), PancakeSwap's price recently soared 4.79% in just one day, reaching $2.57. Its market capitalization exceeds $827 million, and the trading volume reached $147 million, indicating that it remains popular among cryptocurrency users.
One important reason for its recent rise is the launch of a new feature that allows users to exchange tokens across different blockchains such as BNB Chain, Arbitrum, and Base. Thanks to the partnership with Across Protocol, users no longer need to rely on complicated third-party services for these exchanges.
This new cross-chain feature may make PancakeSwap more popular as it simplifies the trading process and increases access to different assets. Although the token has not yet reached its target price of $4.29 in April 2024, some experts believe it could rise to $6.34 or even higher during the next round of cryptocurrency surge. With powerful tools, excellent usability, and continuous upgrades, CAKE continues to prove itself as a leader in the DeFi space.
2. SNX
Synthetix (SNX) is attracting attention with a series of impressive technological upgrades and new use cases. Known for supporting synthetic assets, Synthetix recently attracted many seasoned traders through the launch of its Layer 2 network update. These updates enable the platform to offer a faster and more economical trading experience, enhancing efficiency.
Developers have been focusing on smart tools, such as enhanced oracle connections and flexible liquidity features. These tools help traders build and use synthetic assets more easily. SNX's daily trading volume has increased by 50%, and its market capitalization is about to break $500 million. Its steady growth on the daily and weekly charts is a good sign of its development momentum.
On June 1, 2025, founder Kain Warwick announced plans to integrate artificial intelligence tools into the development process. Tools such as Cursor and Claude Opus are being used to accelerate the release of new features. The team is also working to improve the reliability of its stablecoin, sUSD.
With these technological updates and new AI integration, Synthetix is rapidly becoming the platform of choice for traders seeking speed, flexibility, and innovation. It is no exaggeration to say that, under the right conditions, it could become the next explosive cryptocurrency.
3. LINK
In 2025, Chainlink (LINK) showed a downward trend at the beginning of the year, but by April, the momentum began to shift. At the beginning of the month, LINK started to recover from a low of $10.067. By May, it had formed a bullish rounded bottom formation, with a key neckline at $18.
However, since mid-May, LINK has struggled to maintain its position near the neckline and has retreated to the support level of the rounded bottom. Nevertheless, in the first week of June, LINK has risen by gaining support from this structure, which is highly consistent with the long-term support area around $13.
To maintain a short-term price increase, it needs to break and maintain a daily closing price above the neckline at $18. This could signal a potential upward trend, with LINK's target being to retest the $24 resistance level in June, an area that had support in trading volume earlier this year.
If LINK breaks the $24 barrier, it is predicted that the token price may climb to $32 by the end of 2025.
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