On June 29, the crypto circle resembled a gambling table, with an eerie atmosphere of 'stillness before movement' in the air. 40 billion USD in BTC options are about to expire, but the market acts like an old player feigning sleep at the poker table, refusing to reveal its hand. The candlestick is quiet, Bitcoin has only slightly fallen 0.11%, but behind this lies the silent struggle of capital giants.
🔻📉【Small steps in the crypto circle, the market is hot yet stable】
Bitcoin (BTC) slightly fell to $107,407.17, down 0.11%, as if to say: 'I'm not moving, I'm waiting for you to make the first move.'
Ethereum (ETH) rebounded to $2,432.22, up 0.64%, like a little clever one sneaking in the dark for a scoop.
Binance Coin (BNB) steadily rose to $647.90, up 0.45%, continuing to be its 'middle class in the crypto circle'.
The market is calm, but the funds on-chain are stirring, whales are not sleeping, and retail investors shouldn't dream.
Little Horse's Comments: Price stagnation means a standoff between bulls and bears, but once a big player takes action, the candlestick may have the chance to 'explode'.
🌏🤝【International political and economic shocks】
Trump announced last night on X that 'negotiations with Canada have ended', but the market only calmly waved its hand: the Dow slightly rose, and the S&P adjusted slightly. Analysts point out that this 'talk without collapse' act is more of a political maneuver before the elections, which won't change market sentiment in the short term.
Interestingly, Ethereum took the opportunity to rebound amid this 'stable yet changing' sentiment. FXStreet points out that strong support from tech stocks supports overall risk asset sentiment, and ETH is 'hitching a ride'.
Little Horse's Comments: Political events no longer create big fluctuations, macro risks are becoming controllable, and the crypto circle is taking the opportunity to gather strength.
🚨🏙【The eve of the options expiration storm】
40 billion USD in Bitcoin options will expire tonight at 8 PM Beijing time, yet the market is surprisingly calm, like generals not sleeping at night staring at the map before battle. AInvest points out: BTC fluctuating around 107,500 USD is clearly the result of mixed sentiment and hedging positions.
The candlestick remains motionless, everyone knows: the storm is either an hour away or tomorrow dawn.
Strategy recommendation: Reduce leverage, gradually approach the edge of the range; if there's a real shakeout, consider adding to positions on dips.
🏦📈【Institutional actions are low-key but ruthless】
On-chain data shows: BTC and ETH cold wallet net inflows have warmed up again, and whales are quietly accumulating before the options. Grayscale Bitcoin Trust saw inflows of over 17 million USD on the day, while ETH was partially redeemed for arbitrage, indicating that institutions still prefer Bitcoin.
USDT on-chain trading volume remains high, and some Asian exchanges are becoming active again, indicating that retail investors are starting to 'queue up to enter the market' in advance, but those really daring to take large positions are still the old hands.
Little Horse's Comments: Those who are bottom fishing are mostly the 'big legs', while small investors should observe before taking action.
🔥🎉【Project hotspots run deep under calm waters】
DeFi project YieldStar locked up over 65 million USD in 24 hours, becoming the brightest L2 star this week. The NFT sector continues to be sluggish, with Blur trading volume declining nearly 12%, but Layer 2 solutions in the Ethereum ecosystem are continuously attracting funds.
Tether continues to issue 1 billion USDT, like supplying ammunition to the bulls, but the market is still hesitant about the timing to start the battle.
📉🤯【The market is not crazy, but it's not gentle either】
Gold fell 1.65%, marking the largest single-day drop in two weeks, with safe-haven funds starting to flow out.
WTI crude oil fell 0.78% to $65.07, Brent oil prices remained flat, and global markets show signs of funds flowing back from safe-haven assets to the stock and cryptocurrency markets.
This is very much like a story: on the eve of the storm, even the leaves dare not shake, but the air is filled with the scent of gunpowder.
Little Horse's Comments: Gold and oil are retreating, and funds are quietly flowing into the 'shallow waters' of the stock and crypto markets.
🪞📜【Time for hindsight】
Today's candlestick is a situation of 'soft gloves over iron fists'. On the surface, it seems calm, but every slight fluctuation in the market hides capital's bets.
A crazy saying: 'If the options don't explode, the candlestick won't jump; the strategy in the crypto circle is: let the enemy fall asleep first!'
Ending comments:
In this 'everything is on hold' situation, the real winners are not those with the most gains, but those who can endure the silence. BTC's sideways movement is an attitude, ETH's rise is a test, and BNB's steadfastness is a judgment.
If there are no explosions after the options settlement tonight, it will signal the main force's next wave of attack. If a wave of liquidations occurs, it may be the cost of retail investors 'going all in' early.
Don't rush to chase highs, and don't be afraid of shakeouts. A real bull market is never built on just one or two candlesticks; it begins when everyone hesitates, and the main force quietly accumulates.
