Tell me what you think will happen?
🟠 Market Snapshot
• Bitcoin (BTC) is trading at around $107,200, down ~1.6% over the past 24 hours. The daily high reached $110,277 before a mild pullback.
• Ethereum (ETH) follows suit, currently priced at $2,743, also seeing slight corrections from a daily high of $2,871.
• The global crypto market cap stands at $3.43 trillion, down about 1% today.
🔍 What’s Causing the Pullback?
1. Normal Market Correction
After nearing an all-time high of $112,000, Bitcoin is undergoing a natural technical correction. These dips often happen after sharp gains as traders lock in profits.
2. Liquidations & Key Support Levels
Bitcoin dropped below the $110,000 support, triggering automated sell-offs and liquidation of long positions. Over $617 million in long positions were liquidated across exchanges.
3. Macro & Geopolitical Pressures
Even though the U.S. CPI data came in softer than expected (2.4% vs. 2.5%), ongoing geopolitical uncertainty (e.g., U.S.–China trade tensions and Middle East conflicts) is making markets cautious.
📈 Institutional Signals & Ethereum ETF Boom
• Ethereum ETFs saw $240 million in net inflows on June 11 alone, exceeding Bitcoin ETFs ($164 million). This marks the 18th consecutive day of net inflows into Ethereum products—a major bullish sign.
• Institutional analysts from 21Shares and Cantor Fitzgerald continue to support bullish long-term targets, with BTC potentially reaching $120,000 this summer and possibly $200,000 by year-end if momentum holds.
🌐 Stablecoins & Regulation Momentum
• Stablecoin Supply has reached $247 billion, roughly 10% of U.S. M2 money supply in circulation. However, only 6% of these coins are used for actual payments—the rest are tied to trading and DeFi activity.
• In the U.S., the proposed GENIUS Act could fast-track stablecoin integration into the regulated financial system.
