• Unrealized profits for Bitcoin reached $1.2 trillion, close to the historical peak of $1.3 trillion
• Trading is at a level 5.5% lower than the ATH of $111,970, with strong support from STHs at $98,300
• Long-term holders control 73% of the supply, indicating reduced selling pressure
• HODLing Dominance indicates investor confidence
Key Factors
• Stable inflation data and potential interest rate cuts from the Federal Reserve enhance risk appetite
• ETF inflows reached $769.5 million this week, and only $2.8 billion in May
• Whale activity: 80,009 Bitcoin ($8.7 billion) were moved from a dormant wallet, indicating potential rebalancing
• The momentum of ETFs shows ongoing institutional interest
Trading Effects
• Technical indicators: MACD shows a bullish crossover, and the Relative Strength Index (RSI) is balanced at 58
• Target breakout levels: $115,000 - $135,000 if trading remains above $106,000
• Risk factors: $3.6 billion in options expiry this week may increase volatility
• Sentiment changes - 82% of the investor community is optimistic, but profit-taking sales remain a concern#BigTechStablecoin #BTCWhaleMovement #SpotVSFuturesStrategy #TrumpVsMusk #FedWatch $BTC $ETH $BNB