Compound Interest Theory 3
Today, the cryptocurrency market maintains a volatile pattern under both macroeconomic and geopolitical pressures. Bitcoin's price fluctuates between an intraday high of $106,097 and a low of $104,300, currently trading around $105,100, with a 24-hour increase of approximately 0.23%. The situation in the Middle East has become tense again, increasing investors' risk-averse sentiment, which has strengthened gold, while putting short-term pressure on crypto assets.
The performance of U.S. macro data has been mixed, with May's PPI exceeding expectations, raising concerns about inflation stickiness, and adjustments in Federal Reserve interest rate expectations have increased market wait-and-see sentiment. Additionally, U.S.-China trade dialogue has resumed, and the market remains attentive to this. Despite the increasing external uncertainties, institutional capital inflows remain stable. This week, Bitcoin spot ETFs have recorded net subscriptions exceeding $1 billion, and Ethereum-related ETFs continue to show a net inflow trend, reflecting that long-term investor confidence remains strong.
On-chain data shows that the sentiment index is slightly below neutral levels, but the activity of whale addresses has increased, which may suggest that some funds are building positions at low levels. Overall, the market lacks a directional breakthrough in the short term, but the competition between structural capital and macro signals will still dominate future price performance.
