🔻 Market Performance

Crypto market down ~2.9% overall, led by losses across Bitcoin and altcoins .

Bitcoin hover around $109,000, dipping 0.3%–0.5% amid profit-taking and macroeconomic uncertainty .

Ethereum trades near $2,550–2,570, with a 1–2% drop .

Altcoins show greater volatility: XRP down ~4%, Solana ~3%, and Cosmos (ATOM) down 4%, testing key support levels .

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🐋 Whale Moves & Institutional Trends

Two ancient Bitcoin wallets from 2011 transferred 10,000 BTC each (~$2 billion each). The coins were moved, not sold — likely to avoid disrupting markets .

Bloomberg reports ~500,000 BTC shifted from whale to institutional hands over the past year — signaling a major long-term redistribution .

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🕰 Market Structure & Outlook

Implied volatility for BTC (~36%, down from 44%) and ETH (~60%, down from 68%) has slumped, suggesting consolidation and the buildup to a July breakout .

Analysts predict a potential Bitcoin rally:

Ed Campbell (Rosenberg) sees upside to $143K if BTC clears $114K resistance .

Other analysts suggest momentum could push BTC to $120K in July as market matures .

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⚖️ Macro & Regulatory Drivers

U.S. job data initially lifted risk assets, but markets faltered as trade-tariff concerns resurfaced .

ETF inflows remain robust:

Bitcoin ETFs now have ~$50 billion in inflows .

Spot ETH ETFs also saw renewed buying .

Institutional interest continues to deepen, with whales distributing to long-term holders and ETFs broadening access .

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📌 Summary & Strategic Insight

Market activity today reflects a familiar cycle: profit-taking, macro jitters, and massive on-chain movements from dormant holders. However, underlying momentum indicators—low volatility, ETF inflows, and consolidation around key levels—indicate a potential bullish breakout in July. Watch the $114K BTC resistance closely: clearing that could unlock a surge toward $120K–$143K.