Today the market feels like a hot water bottle—hot to the touch outside, but not bubbling inside. The China-US negotiations seem like a game of Werewolf that never reveals its secrets, reporters and traders are nearly guessing wildly on Twitter. The street riots have calmed down, but the coin prices are showing a 'I might need to observe for three days' attitude. The main players sit like old monks, while the retail investors feel like cats in a steamer—anxious all over, but nobody jumps.
🔻📉 【Small steps in the crypto circle, the market is hot yet steady】
In the past 24 hours, Bitcoin put on a show (I once briefly owned 110k), then clattered back down to 107.4k—calling it a false breakout, it certainly looks the part; claiming it's a real rally, that pullback is too merciless. ETH spent the whole day around 2750 playing Tai Chi, as if saying, 'You trade, I'll stay still.' And BNB? It has become so unresponsive that it's at the level of a 'retirement project,' closing at $668, as if just finished with Tai Chi and ready to soak its feet.
How to view this market? Like a bowl of beef offal noodles on a late-night street—steaming hot, but you just can't taste the spice. Both bulls and bears are waiting for signals, like two cats staring at a refrigerator door, afraid that any movement might be a mistake.
🌏🤝 【China-US Negotiations: The Framework is Set, the Signing Pen is Still in the Stationery Store】
The atmosphere over in London is no easy matter, representatives from both sides of China and the US face each other like two bears just waking from hibernation, discussing tariffs and rare earths, but essentially flirting with the entire market from a distance. On the morning of June 10, when news of 'framework agreement' progress came out, the market surged like it was pumped up with adrenaline, BTC immediately shot up to 110530—then... nothing more happened.
The word 'framework' sounds like what an unreliable man says, 'We have a future,' it sounds sweet, easy to smile in a dream, but the next day, he blocks you on WeChat. What about the market? After a brief climax, it tells you to 'calm down.' Nowadays, the only ones making money from frameworks, besides the liquidation robots from futures liquidation, are the comedians in the crypto circle.
🚨🏙 【Los Angeles Riots: The Fire has Passed, but the Emotions Remain】
ICE's 'citywide crackdown' turned Los Angeles upside down, from protests to chaos, then to military and police suppression, just short of staging a (American Apocalypse 2025). On the morning of June 10, BTC scared off to just over 100k, while Ethereum and BNB looked as if their heads were being held under ice water, stunned for half an hour. But by evening, everything was calm—like nothing had ever happened, the market flipped faster than you can finish a Korean drama.
But to say the impact has passed? Not quite. The memory of capital is short, but the obsession with 'social stability' is long. Bulls dare not charge, bears dare not smash, the market is like a frightened puppy, sniffing for ten minutes before eating.
🏦📈 【Institutions are Moving: ETF Funding In, Cold Wallets Packed】
Come, open your eyes: BTC ETF has received another $45 million. This isn't sentiment, it's violence in silence. Fidelity and BlackRock are still picking up the pieces, large transfers on-chain, cold wallets piled high, resembling a doomsday shelter opening its doors to people. And you? Sitting in front of your phone in a daze, wondering if you should wait for the candlestick to speak.
The truth is, the main players have long stopped talking; they are just getting to work. Exchange outflows are hitting new highs, even the on-chain Gas is faster than you brewing coffee in the morning. Retail investors are still studying KDJ, while institutions are already moving the vault. By the time you see the 'surge' news, they might already be playing Mahjong in Hawaii.
🔥🎉 【Hot Projects: Solana is Playing New Tricks, Circle Comes with Cash】
Zeus Network has launched btcSOL, a play where you use SOL to mine BTC, and it even comes with NBA tickets... this combo is quite crypto-like, superficially serious, but fundamentally crazy, and the community immediately exploded with excitement. Solana's trading volume then soared, users frantically grabbed airdrops, overnight turning this into 'the next ETH L2.'
Circle's IPO is even fiercer—on the first day, the stock price soared to 103, directly turning stablecoins into representatives of speculative coins. ARK and BlackRock both poured in money, the scene was once like a red envelope rain before the New Year’s dinner. The RWA market closely follows the heat, with Ethereum supporting half the sky, and ZKsync not wanting to be left behind. What does this wave of tide indicate? It shows that the market lacks innovation, but it lacks the fate of making money as soon as you buy in.
📉🤯 【The market isn't crazy, but it's not gentle either】
BTC's ups and downs are like a cat scratching a sofa, not for destruction, but just to pass the time; ETH is dragging its feet, like a high school student who can't finish their homework; BNB has become too lazy to move, having learned to enjoy retirement. This market is harder to understand than 'the unreliable man's reunion,' relying solely on reading the atmosphere to survive.
The current market looks like this: policies want to rally, but data isn't cooperating; the technical side wants to fall, but institutions are holding on for dear life. It's like two divorce lawyers sitting on a couch playing Dou Di Zhu, neither willing to throw out the 'bomb.'
