Following #Hawk means following future wealth😍

Family, we are witnessing history! Today the crypto market is simply explosive, with Bitcoin and Ethereum both surging! Bitcoin has strongly broken through $120,000, setting a new historical high with an intraday increase of over 3%. Its market capitalization has exceeded $2.4 trillion, entering the top five in global asset rankings! Ethereum is also not to be outdone, breaking through the $3,000 mark, reaching a new high in five months, with a 40% increase in on-chain transaction volume over the past 24 hours.

This round of increase was directly triggered by market capital speculation and technical breakthroughs. Bitcoin's break of the historical high triggered programmatic stop-loss orders, creating a 'long squeeze', further pushing up prices. Moreover, after breaking through key resistance levels, it also activated technical buying. From the perspective of core driving forces, institutional funds continue to enter the market, with Bitcoin spot ETFs seeing a net inflow for 21 consecutive days, and BlackRock's IBIT holdings surpassing 300,000 BTC, with institutional holdings now accounting for 6.8% of circulating supply. Additionally, Ethereum 2.0 has completed its final shard upgrade, with TPS increasing to over 100,000 and gas fees dropping to historical lows, boosting market confidence. Coupled with the macro environment, where the Federal Reserve's interest rate cut expectations have advanced, and the U.S. June CPI has dropped to 2.1%, funds are accelerating towards high-volatility assets.

This wave of market activity has been too intense, with $169 million liquidated across the network in the past 12 hours, of which approximately $165 million were short liquidations. Nevertheless, the cryptocurrency market has clearly entered a new development stage, with Bitcoin gradually transforming from a 'speculative asset' to a 'macro hedge tool'. How long do you think this bull market can last? #BTC重返12万 #ETH突破4300 #BTC #ETH #BTC🔥🔥🔥🔥🔥