📰 Asia Morning Briefing – June 20, 2025 ⚠️ CryptoQuant Warns of Bitcoin Pullback to $92K as Analysts Clash Over Market Direction 🔍 Summary: Bitcoin’s bullish party might be hitting a speed bump. According to data from CryptoQuant, key on-chain signals are flashing red, suggesting $BTC could drop to $92,000—even after recently peaking near $112K. But not everyone’s hitting the panic button. While some analysts echo the bearish tone, others argue the bull cycle still has gas left in the tank, projecting a continuation to $137K or more.
📉 Bearish Signals (CryptoQuant POV): Miner Reserve Drain: Miners have offloaded roughly 30,000 BTC since late May, signaling increasing sell pressure from those who typically act as market tops.
Profit-Taking Spree: Long-term holders (1–2 years) booked over $1.2 billion in profits. Mid-term holders (6–12 months) took around $904 million. These kinds of exits often signal a market nearing exhaustion. Short-Term Holders (STHs) are now in negative territory (aka "underwater"), often a leading indicator for corrective moves.
📈 Bullish Arguments (Cycle + Macro POV): cycle Still Rolling: Analysts point to the "fractal bull market cycle" that began in Jan 2023, with projections extending to Nov 2025. Historically, this phase tends to be the most explosive. Target Range: If the pattern holds, BTC could still shoot toward $137K–$150K before a meaningful macro top. Macro Bulls Stay Firm: Voices like Raoul Pal, Samson Mow, and Michael Saylor remain ultra-bullish, citing increasing institutional demand, ETF inflows, and global fiat debasement narratives.
🔮 What to Watch Next: Key Levels: Support: $102K Resistance: $106K–$110K Losing $102K cleanly could open the door to that $92K dip. Holding above $106K? Bull case stays alive and thriving. Volatility Expected: Summer months tend to bring low volume and fakeouts. Be cautious of chop zones and breakout traps. 🏦 Institutions Keep Scooping BTC: In a surprise move, Semler Scientific (a med-tech company) announced plans to hold up to 100,000 BTC on its balance sheet by 2027, making it one of the most aggressive corporate adopters after MicroStrategy. This shows broader adoption outside traditional finance circles. 💬 Final Word: BTC is entering a decision zone. On-chain data warns of a potential cooling off toward $92K, while macro bulls argue the real breakout hasn’t even started. The next few weeks could determine whether this is just a pit stop—or the start of a deeper pullback.
🧠 GENIUS Act: U.S. Senate Passes Groundbreaking Stablecoin Regulation
📅 June 17, 2025 – The U.S. Senate has passed the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) with a strong 68–30 bipartisan vote, marking a huge milestone for crypto regulation in the U.S.
🔍 Key Highlights:
✅ 1:1 Reserve Requirements: All stablecoins must be fully backed by U.S. dollars or highly liquid assets like Treasuries. 🧾 Monthly Disclosures & AML: Issuers over $50B in assets face stricter anti-money laundering checks and must provide regular reserve audits. 🚫 Big Tech Ban: Companies like Amazon, Meta, and non-regulated foreign entities are barred from issuing their own stablecoins. ⚖️ Conflict-of-Interest Rules: Lawmakers and execs can’t hold stablecoins or profit off them while in office. Big transparency push for holdings over $5,000.
💥 Why It Matters:
🏦 First real U.S. federal framework for stablecoins—this gives legal clarity and unlocks institutional growth. 💸 Favors regulated players like Circle ($USDC ), while putting more pressure on Tether ($USDT) to stay transparent. 🏛 Legacy finance (like Bank of America and Fidelity) now has a green light to explore regulated stablecoin products. 🔗 Boosts momentum for real-world asset tokenization and TradFi–DeFi integration.
🧠 Summary: The GENIUS Act is a massive win for U.S. crypto adoption—setting clear, strict rules for stablecoin issuers while opening the door for banks and institutions to step in. The bill now heads to the House for the next round, with potential for a full rollout by late 2025. USDC = front-runner.
🔥 BBVA Advises 3–7% Crypto Allocation in BTC & ETH for Wealthy Clients
Spain’s second-largest bank, BBVA, is now actively advising its high-net-worth clients to allocate 3% to 7% of their investment portfolios to Bitcoin (BTC) and Ethereum (ETH), according to a new Reuters report.
💬 Philippe Meyer, head of digital asset strategy at BBVA Switzerland, said:
“Crypto can enhance portfolio performance without excessive risk. Even a 3% allocation has noticeable impact.”
🔍 Key Details:
👑 Advice is tailored to risk profile: → 3% for conservative investors → 7% for aggressive risk-tolerant profiles
🏦 BBVA has been running this advisory service since Sept 2024, not just enabling crypto trading but actually guiding clients on how much to invest
✅ Clients can trade BTC & ETH directly through BBVA Switzerland, backed by full custody and fiat ramps
📈 BBVA reports growing interest from traditional wealth clients in digital assets, even amid market volatility
💵 BBVA is working on expanding this advice to other digital assets in late 2025
🧠Summary
BBVA is officially bullish on crypto—advising wealthy clients to put up to 7% into BTC and ETH. Another legacy TradFi giant joins the ranks of crypto-forward institutions, signaling a deeper institutional shift 🚀
Bitcoin is holding firm above $100K for 30 consecutive days, marking the longest-ever streak at this level. This comes despite rising geopolitical tension between Iran and Israel, suggesting strong market resilience and institutional conviction.
🔹 BTC May High: ~$112K 🔹 30-Day Streak Above $100K (started May 8) 🔹 Crypto Market in May: +10.3% (Binance Research) 🔹 Support Zone: $100K–$103K 🔹 Next Bull Targets: $120K, then $130K
🧠 What’s driving strength? • Continued ETF inflows (spot & futures) • Growing corporate treasury adoption • Global investors hedging macro risk • US Dollar weakening slightly → more BTC demand
💥 Despite war news, volatility stayed low and volume held steady, which is rare during political shocks. Analysts say this could mark a structural floor for BTC, not just a short-term bounce.
📊 Market Sentiment: Bullish • Funding rates positive, but not overheated • RSI cooling off = room to run • Altcoins lagging slightly = BTC dominance rising
Shiba Inu ($SHIB ) continues to slide even as the burn rate explodes. Over 116M SHIB were burned this week, with Binance reporting a +3,400% spike (537M SHIB in 24h 🔥). But despite the deflationary push, SHIB remains stuck below resistance at $0.0000122.
🔹 Burn Rate: +112,000% (🚀 deflation in full force) 🔹 Key Resistance: $0.0000122 — watch for breakout 🔹 Chart Watch: Double bottom (W pattern) forming. Breakout = $0.000015–$0.000016 potential 🔹 Wallets: 1.5M+ SHIB holders. Shibarium on-chain activity rising 🔹 Whales: Still holding. One June whale sold 100B SHIB for $311K, but no major dumps since 🔹 24h Volume: $100M+ 🔹 Market Cap: ~$7B 🔹 Current Price: ~$0.0000119–$0.0000122 range 🔹 Trend: Short-term bearish. Long-term signs of reversal if breakout holds
💡 Binance Setup ✅ Set alerts above $0.0000122 ✅ Monitor SHIB/BUSD and SHIB/USDT pairs for volume surges ✅ Watch whales via Binance Smart Chain trackers ✅ Burn stats + Shibarium growth = long-term fuel
$SHIB might be prepping for a breakout — wait for confirmation before jumping in. 📈🔥
🚨 Major Proposal for Terra Classic ($LUNC $USTC ) A game-changing idea is on the table — one that could redefine the entire ecosystem. 🌕 🧠 Here’s the Proposal: A phased reactivation of the Market Module — the same mechanism that once powered Terra’s massive rise… and its dramatic fall. But this time, it’s different: ✅ Risk controls in place ✅ Supply burn mechanisms active ✅ Validators Vegas & StrahCole at the helm 🔍 What’s the Market Module? It’s the bridge between LUNC and USTC — enabling on-chain arbitrage, boosting utility, and reviving the original system with smarter safeguards. 📌 Why It Matters: • Controlled token minting + automatic burning 🔥 • Arbitrage creates value for users 💰 • Big step toward Terra’s recovery 📈 • Backed by experienced leadership 💪 🚀 Pass or fail, the message is clear: Terra Classic isn’t giving up. 3 years on, the mission continues — stronger and more strategic. 🗳️ Voting soon. All eyes on $LUNC . The Market Module might just be the key to a major comeback. #TerraLunaClassic #LUNC✅ #defi #BinanceUpdates
🚨 Trump Media Secures SEC Approval for $2.3B Bitcoin Treasury Play
✅ SEC Clears Trump Media Funding Path
Trump Media & Technology Group has received SEC approval for its S-3 registration, unlocking access to over $2.3 billion in equity and convertible notes. This positions the company to start accumulating Bitcoin directly on its balance sheet.
💼 Key Financials
$2.3B raised from 50+ institutional investors
Covers 56M equity shares + 29M convertible notes
Funds intended to support Bitcoin purchases, Truth Social expansion, and broader digital services
Existing cash position: ~$759M (as of last update)
🟠 Bitcoin Exposure Strategy
Trump Media joins companies like MicroStrategy and Tesla in adopting Bitcoin as a treasury asset
BTC custody will be handled by Crypto.com and Anchorage Digital, ensuring institutional-grade security
Strategy aligns with Trump Media’s vision to expand the “Patriot Economy” through digital finance, media, and tech
📈 Truth Social Bitcoin ETF Filing
The company has also submitted a proposal for a Truth Social Bitcoin ETF, which, if approved, would give investors direct exposure to BTC via publicly traded shares. This could make crypto more accessible to traditional retail investors, including retirement accounts and brokerage portfolios.
🔥 Market Reactions & Risks
TMTG stock saw a slight ~2% drop following the news, suggesting some investor caution around dilution
Analysts point to potential conflict of interest between the ETF sponsor and Truth Social’s political affiliations
Nonetheless, the move is being viewed as a bold step toward deeper crypto–Wall Street integration
📌
SEC greenlights $2.3B raise for Trump Media’s Bitcoin play
BTC treasury + ETF filing positions company as a potential crypto powerhouse
Strong institutional backing, but political ties may stir regulatory and investor debate
Could accelerate mainstream crypto adoption through stock market exposure#TrumpBTCTreasury
Vietnam Greenlights Crypto: A New Era for Digital Assets 🚀
Vietnam has officially embraced digital assets with the passage of the Law on Digital Technology Industry by the National Assembly on June 14, 2025. This landmark legislation, effective January 1, 2026, categorizes digital assets into virtual and crypto assets, recognizing their role in the digital economy 📊 (theinvestor.vn).
The law introduces a regulatory framework for crypto assets, including Anti-Money Laundering (AML) and cybersecurity measures 🔐, aligning with international standards. This move addresses concerns raised by the Financial Action Task Force (FATF), from which Vietnam has been on the "gray list" since 2023 ⚖️ (theinvestor.vn).
Beyond crypto, the legislation signals Vietnam's ambition to become a digital technology hub 🌐. It offers incentives such as tax breaks and support for innovation hubs to attract investments in AI, semiconductors, and digital infrastructure 💡 (vietnaminsiders.com).
This development positions Vietnam as a significant player in the global digital economy, fostering innovation and attracting international investments 🌍.
🧊 BlackRock hasn’t bought XRP There’s ZERO confirmation of any purchase or ETF filing for XRP. All the hype? Just speculation.
⚖️ XRP is still in legal limbo Until Ripple fully beats the SEC, big institutions like BlackRock are watching — not buying.
📄 BlackRock = BTC + ETH focus They’ve filed ETFs for Bitcoin and Ethereum. No signs of altcoin moves… yet.
🎯 Bottom line: Don’t let clickbait posts or $9T screenshots fool you. If BlackRock touches XRP, it’ll make headlines across real finance media. Not Telegram rumors.
💡 Protect your capital. Stay sharp. Don’t trade off vibes — trade off facts.
🚨 PSA to TRUMP Token Holders (and hopium addicts) 🚨
Y’all, let’s keep it 100 — TRUMP ain't hitting $70 again. That train left the station during max hype and peak political mania. Right now, too many are bag-holding based on nostalgia, not actual momentum.
Here’s the tea 🫖:
📉 The chart is broken. It’s not just a dip — it's a slow bleed. Volume’s dried up, momentum’s gone, and smart money already rotated into newer narrative plays.
🗳️ Election hype? Already priced in. The whales sold into your dreams. And with how unpredictable politics are rn, any bad headline could nuke sentiment further.
💰 Retail exit liquidity is drying up. You’re not early anymore — you’re exit liquidity for insiders waiting to dump on the next pump attempt.
⚠️ Don’t get trapped by influencers posting old screenshots of $70 candles. That was then. We’re in a new cycle now. Stop romanticizing the past and start protecting your capital.
👉 If you're still holding TRUMP hoping for a miracle, ask yourself this: Is the risk really worth the zero?
Everyone’s eyes were on $PEPE , and rightfully so — there were claims of tens of millions, even billions flowing in at its peak. That kind of speculative hype is always impressive, even if short-lived. But today? The market doesn’t even flinch at it.
Meanwhile, something else is quietly brewing…
$Moco is now sitting at just $2M in market cap
That’s tiny compared to $PEPE’s previous highs — and that’s exactly what caught my attention.
When I dug deeper, I filtered out the top wallet (yes, the one on the CZ list) — and the actual circulating market value drops to around $1.5M. That’s basically microcap territory.
Why does this matter?
Undervalued assets in the memecoin space tend to explode when attention rotates back.
$MOCO has low-cap potential, and early entries here could yield outsized returns.
The hype cycle is cyclical — when $PEPE and friends fizzle out, smart capital starts hunting for the next rotation.
📉 Right now, $MOCO is in accumulation zone. Few are watching. That’s usually when the real gains are made.
Final thoughts:
Don’t just chase what already pumped. The market won’t give $PEPE another 100x. But if $MOCO even sniffs its trajectory, we could be looking at a 10x+ move from here. #PEPE