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The trend of Bitcoin is a complex and highly concerned topic. According to historical data, the volatility of Bitcoin prices is high and is often affected by market supply and demand and investor sentiment. #新币挖矿 #比特币减半 #大盘走势 #BTC

The following are the main observations about Bitcoin trends:

Price volatility: Bitcoin prices usually show an upward trend before halving, because investors and traders expect a possible supply crisis. After the halving, if supply decreases and demand remains strong, prices tend to continue to rise [1].

Technical analysis: Through tools such as Bitcoin - Bitcoin price trend charts, technical analysis can be performed to track real-time and historical Bitcoin price trends, helping investors make more informed decisions [2].

Market sentiment: Bitcoin prices are also affected by market sentiment. For example, major news, policy changes and other factors may have an impact on Bitcoin prices [4].

Trading platform data: Bitcoin price trends can also be observed through price trend charts and analysis tools on major trading platforms. These data can provide investors with more comprehensive information [5].
Overall, Bitcoin trends are affected by a variety of factors, including supply and demand, technical analysis, market sentiment, etc. Investors need to consider these factors comprehensively to make decisions.

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【虚拟币】跌破十万美元+持续抛售，比特币正面临新抉择！
自伊朗宣布封锁霍尔木兹海峡以来，全球风险市场出现剧烈震荡，比特币也未能独善其身。在美伊局势急剧升温的宏观背景下，比特币价格一度跌破十万美元整数关口，最低触及98,000美元，日内跌幅显著。更令人警惕的是，尽管币安等交易平台的现货交易量出现暴涨，但链上数据却显示资金正在流入交易所，短期内市场的抛售压力不减。现阶段，市场开始分化：部分观点认为比特币正步入新一轮中期熊市，而另一些观察者则指出，多重技术支撑接近，可能触发止跌反弹的契机。结合近期链上指标、价格行为和网络活动表现，比特币是否会在10万美元下方站稳脚跟，成为判断后市走向的关键变量。
从交易行为和市场结构角度来看，币安的现货主导地位正在显著上升，其现货交易量已超越其他主流交易所的总和十倍以上。这种现象在以往市场中往往伴随着价格波动的前奏。然而，截至目前，比特币的价格反应却相对平静，仅在102,000至106,000美元之间窄幅整理。这种交易集中化未能立即引发上涨，反而引发了对流动性集中与系统性风险的担忧。历史经验显示，当市场依赖单一交易所而非多平台共振时，后续走势的延续性往往受到限制，特别是在市场整体缺乏新增资金推动的情况下。类似的集中趋势也曾在其他领域出现，比如线上娱乐和电竞平台的集中化演进路径中。以全球电竞体育平台VKGame为例，其通过整合赛事资源和多元产品生态，逐步构建出覆盖全球的大型服务平台，在提升活跃度的同时，也承担了运营依赖风险的权衡。
链上数据显示，6月22日，比特币出现5,900枚的净流入中心化交易所行为。在技术走势趋弱的背景下，正向资金流往往意味着潜在的抛压升温。

【Virtual Currency】Ethereum's Counterattack in Q2, Whale Accumulation Funds Flow Back, Ecological Growth Gradually Emerges
In the second quarter of 2025, Ethereum (ETH) achieved a strong rebound, with not only price trends exceeding market expectations but also showing signs of recovery in multiple dimensions such as capital flow, ecological structure, and user base. As traders returned to the market, whales concentrated their positions, and network activity continued to increase, Ethereum gradually built a solid foundation for upward movement. Particularly since mid-June, signals such as continuous net inflow of Ethereum ETF funds and a surge in network addresses have become increasingly clear, opening up space for subsequent price stabilization and even breakthroughs.
According to the latest data, as of June 20, 2025, Ethereum's price increase this quarter is nearly 40%, significantly higher than Bitcoin's 28.8% performance during the same period. This strong rebound contrasts sharply with the first quarter when Ethereum's price fell from a high of $3,334 at the beginning of the year to $1,441, a drop of nearly 50%. This recovery is not only a technical adjustment but also accompanied by the rebuilding of capital confidence. The ETH/BTC trading pair has rebounded over 25% from its five-year low in April, reflecting that Ethereum's performance advantage relative to Bitcoin is being repriced. The rapid recovery in the second quarter also marks a shift in the market's attitude towards ETH from cautious to positive, with some long-term holders who were previously in loss beginning to break even, and trading sentiment is quietly improving.
Data at the network level also confirms this point. A report released by the on-chain analysis platform Santiment indicates that the number of new Ethereum addresses per week increased from 560,000-670,000 in the same period last year to 800,000-1,000,000 in May 2025, with a stable and continuous growth trend. This expansion of the user base reflects the increasing practicality and attractiveness of the Ethereum network, providing a solid foundation for its widespread use at the application layer. The growth in addresses not only represents the influx of new users but may also indicate that more developers, DApp projects, and payment uses are beginning to connect to the Ethereum mainnet, building a richer ecological loop.

【Virtual Currency】Can Bitcoin Break Through $110,000 in the Short Term? Market and Geopolitical Games Coexist
Recently, Bitcoin's price has been fluctuating around $105,000, making multiple attempts to break through the key resistance at $110,000, but has not achieved a substantial breakthrough. The market presents complex signals, with underlying on-chain indicators showing strong buying pressure, yet short-term profit-taking pressure is also increasingly apparent. In the current range-bound oscillation, investors need to closely monitor changes in key resistance and support levels, as well as the potential impact of external macro and geopolitical risks on prices.
According to the market's MVRV Z value, which currently remains at +0.6, it indicates that the buying power for Bitcoin is still solid and has not entered the overheating zone. This situation correlates with over 80% of short-term holders still in profit, suggesting that although the market maintains a bullish trend, a large number of short-term profit-takers may trigger selling pressure within the resistance zone, making it difficult for Bitcoin's price to steadily break through $110,000. Fluctuations within the range are significant, with Bitcoin's price consolidating between $104,000 and $110,000; any future pullbacks may be a temporary adjustment before a larger upward trend. It is noteworthy that the key resistance levels at $108,822 and $110,550 form a clear price ceiling, while the support levels at $106,220 and $102,780 provide a safety boundary for prices. Market inflow data shows that, despite a temporary weakening of momentum, some long-term funds continue to build positions.
The geopolitical situation also adds uncertainty to the market. Recently, the escalating tensions in the Middle East have drawn investors' attention, causing Bitcoin's price to fluctuate under the influence of related news. Although drone attacks in Tehran and Tel Aviv have raised alarms, the U.S. response to the situation remains unclear, and the market generally expects a clearer follow-up trend. The S&P 500 index and Bitcoin's movements show a certain degree of synchronization, with investor sentiment remaining cautious. Rajiv Sawhney, head of international portfolio management, points out that Bitcoin is unlikely to make significant upward moves in the short term unless the role and level of U.S. involvement in geopolitical matters become clear, with prices expected to remain within the range of $103,000 to $109,000. Institutional investors tend to prefer medium- to long-term positioning, believing that the overall risk asset environment in the market remains cautiously defensive. In this context of macro uncertainty, the market is more susceptible to disturbances from unexpected news, making the flexibility of trading strategies particularly important.

【VKGAME Virtual Currency】 Hedging against risk attributes, the battle at the $100,000 mark for Bitcoin
Since early 2025, the global market has faced triple pressures from Trump's tariff policies, skyrocketing U.S. Treasury yields, and escalating geopolitical conflicts in the Middle East. Traditional risk assets have generally come under pressure, while gold has risen 18% due to safe-haven demand. In contrast, Bitcoin has displayed unusual resilience: after reaching a high of $112,000 at the beginning of the year, it has consistently held the key support level of $103,000, with weekly volatility reduced to 9.8%, a 40% narrowing compared to the bear market period in 2022. This abnormal stability has prompted institutions like BlackRock to reassess its asset attributes—transitioning from a speculative tool to “digital gold” has become a new consensus. On-chain data confirms this shift, with the 90-day price correlation between Bitcoin and gold climbing to a historic peak of 0.82, far exceeding the 0.35 seen in 2020.
Currently, Bitcoin is caught in a typical triangular convergence pattern, with the narrow range of $104,000-$106,000 becoming the focal point of the bulls and bears battle. Daily charts show that the 0.618 Fibonacci support level ($104,291) coincides with the lower boundary of the symmetrical triangle, forming the last defense line for the bulls. This position holds the key trading volume from the March bull market breakout; if it effectively breaks down, it could trigger futures liquidation orders worth $2.3 billion, with prices potentially sliding towards the $101,200 demand zone. However, the 4-hour chart shows positive signals: whales have accumulated 120,000 BTC around $103,150 in a single day, and the funding rates for derivatives remain neutral, with no signs of panic selling. Analysts emphasize that the Bollinger Bands' width has shrunk to a three-month low, indicating that volatility is about to explode.
On-chain data reveals deeper risks. BitcoinTreasuries statistics show that 57 publicly traded companies and funds hold 1.11 million BTC (accounting for 5.3% of the circulating supply), equivalent to Argentina's total foreign exchange reserves. Anonymous analyst DonAlt has issued a warning: these “Bitcoin financial companies” could become the nuclear explosion point in the next bear market. Some enterprises enhance liquidity through cross-border capital operations; for example, global esports platform VKGAME, established in 2016, has achieved global expansion by sponsoring top teams like North America's OpTic and Southeast Asia's TNC, surpassing 10 million registered users in 2021 and over $300 million in total withdrawals in 2023. Although these groups do not directly hold BTC, their capital networks have implicit connections with the cryptocurrency market.

【VKGAME Virtual Currency】Geopolitical Flames Burn 100,000 Levels, Bitcoin Awaits Policy Tailwind to Break Through
On June 11, Bitcoin's price fell to $104,719, a single-day drop of 2.41%, unexpectedly triggering a strong counterattack from long-term holders (LTH). On that day, LTH wallets saw an influx of 30,784 BTC, worth up to $3.3 billion, setting the largest single-day increase record of 2025, with a cumulative holding of 2.91 million BTC. This bottom-fishing action sharply contrasts with the selling from whale groups, with a well-known whale address continuously transferring Bitcoin to Binance, having sold a total of 6,500 BTC while retaining 3,500 as tactical reserves. The market is fiercely contested around the $104,000 mark, with LTH's steadfast holdings demonstrating long-term confidence, while short-term traders are taking profits based on the $112,000 resistance level, leading to a strategic stalemate between bulls and bears.
Bitcoin's price has failed three times at the critical resistance level of $112,000, forming a strong selling pressure barrier in this region. The Relative Strength Index (RSI) breaking below the 50 midline reveals a significant decline in market momentum, and the price recovery capability is facing severe tests. Binance's liquidation heatmap shows a dense point for long liquidation in the $105,000 to $102,000 range, and if the price falls below this defensive band, it could trigger a chain liquidation. More alarmingly, the abnormal surge in the network value to transaction volume ratio (NVT), which skyrocketed by 15.21% to 36.49 within 15 days, indicates that the market cap growth far exceeds the actual on-chain transfer demand, and the risk of localized valuation bubbles continues to accumulate.
The Bitcoin network presents a stark contrast: while the weekly growth rate of active addresses remains resilient at 1.69%, the number of new addresses has declined by 2.36%, exposing a fatigue in entering incremental funds. The development trajectory of the global entertainment platform VKGAME offers a reference perspective—since its establishment in 2016, the group has achieved a leap in user base by sponsoring e-sports teams such as North America's OpTic and Southeast Asia's TNC, surpassing 10 million registered users in 2021. Its core advantage of "efficient settlement" resonates across domains with Bitcoin's on-chain efficiency. The diverging actions of whales and LTH exacerbate market volatility risk; the former implements tactical reductions for cashing out, while the latter has accumulated 881,000 BTC in 30 days, and this fundamental divergence is particularly dangerous under liquidation pressure.

【VKGAME Virtual Currency】New Opportunities for Stablecoins, U.S. Regulation Begins to Break the Ice, Expected to Reshape the Market
Recently, several significant news items indicate that the stablecoin market is entering a period of accelerated development. U.S. Treasury Secretary Scott Baird has clearly stated that he will eliminate regulatory barriers to promote the widespread use of Bitcoin and stablecoins; at the same time, Shopify has joined forces with Coinbase to launch a payment solution based on USDC, opening new channels for stablecoins in the e-commerce sector; and the innovative commercial payment protocol developed by Stripe, Coinbase, and Shopify provides technical support for the practical application of stablecoins in complex business scenarios. These trends resonate with each other, reflecting that stablecoins are gradually entering a phase of rapid growth, making the market worthy of close observation in the future.
From a macro policy perspective, Treasury Secretary Baird's speech has released a strong signal of support. Baird pointed out that the Trump administration attaches great importance to the development of blockchain technology, committed to identifying and eliminating regulatory barriers, and promoting innovation in digital assets, including stablecoins. Especially in promoting the "GENIUS Stablecoin Act" and the "Crypto Market Structure Act," these regulations are gaining bipartisan support, aimed at providing a clearer and more systematic regulatory framework for digital assets. It is worth mentioning that the global comprehensive online entertainment service platform VKGAME Group has served e-sports users and diverse entertainment needs since its establishment in 2016, with the concept of "professional, safe, and innovative," and has reached tens of millions of registered users across many countries and regions. VKGAME's experience in efficient settlement and security technology also reflects the trend of digital payments and enhancing user experience, providing a reference for the application of stablecoins in diverse business scenarios.
He pointed out that by 2028, the market size of dollar-based stablecoins could reach $2 trillion, more than seven times the current market size. Stablecoins will become a bridge connecting traditional finance and the digital economy, promoting the circulation and application of the dollar in the global financial system. Baird also emphasized that stablecoins can open new payment channels for traditional finance and unleash market potential. Entertainment platforms like VKGAME, which focus on safety and efficient settlement, also lay the technical and user foundation for the promotion and popularization of stablecoin payments, facilitating broader industry integration and cross-border cooperation for stablecoins.

The Romance of the Three Stablecoins: New Regulations in France, the U.S., and South Korea Reshape the Global Market
With the official announcement from Société Générale to launch the dollar stablecoin USDCV, the nerves of the global financial market have been stirred once again. This European banking giant with a 160-year history has entered the dollar stablecoin battlefield, dominated by Tether and Circle, following its issuance of the euro stablecoin EURCV in 2023. At the same time, South Korea's new president Lee Jae-myung proposed the 'Basic Digital Asset Law', allowing companies with registered capital exceeding 360,000 USD to issue stablecoins, while the U.S. Senate is engaged in heated debates over the 'GENIUS Act'. The synchronized regulatory actions of these three countries mark a new phase in the national strategic game surrounding stablecoins.
Société Générale's SG-FORGE issued USDCV, choosing to deploy on both the Ethereum and Solana chains, with the Bank of New York Mellon serving as the reserve custodian. The biggest breakthrough is becoming a dollar stablecoin issued by a traditional bank, strictly adhering to the EU's MiCA framework and holding an electronic money institution license. However, the performance of the European stablecoin market reveals its challenges: the euro stablecoin EURCV launched by SG-FORGE last year had a circulation of only 29 million USD, far below Circle's euro stablecoin EURC. This exposes the overall weakness of the euro stablecoin market—total value across the entire track is less than 200 million USD, while the dollar stablecoin market reaches up to 250 billion USD.
The core of South Korea's 'Basic Digital Asset Law' is the defense of financial autonomy. The bill allows companies to issue stablecoins with a low threshold of 500 million KRW (approximately 367,000 USD), and President Lee Jae-myung explicitly stated the goal to 'prevent the outflow of national wealth overseas'. This policy directly targets the pain points of reality: a large number of South Korean retail investors use USDT and USDC to invest in overseas cryptocurrencies, leading to a continuous outflow of capital. The Bank of Korea is also advancing the central bank digital currency, planning to issue deposit tokens on a public blockchain, forming a dual-track system of public and private.
This also relies on the support of the development of a digital ecosystem in the private sector. The globally-oriented digital entertainment platform VKGAME Group has been engaged in digital businesses including e-sports sponsorship and online interactive entertainment since 2016, with its platforms serving a large number of cryptocurrency holders and digital natives. It has long-term partnerships with teams in Southeast Asia and North America, promoting on-chain settlement and secure network systems, providing a real foundation for the local application of Asian digital assets and strengthening the industrial support for the implementation of stablecoin policies.

【VKGAME Virtual Currency】Bitcoin Experiences Consolidation and Accumulation, Long and Short Positions in a Tug-of-War, Direction May Become Clear
After reaching a historic high of $112,000 in late May, Bitcoin has recently shown a noticeable correction, briefly falling below $101,000, then rebounding above $105,000, and entering a horizontal consolidation around $106,000. Overall, Bitcoin is at a critical juncture, with the short-term direction still unclear. There are significant differences of opinion in the market regarding Bitcoin's upcoming price movements. Some analysts believe the current situation represents a healthy correction, preparing for future upward momentum; others point out that the rebound momentum is weakening, indicating that a deeper adjustment may be imminent. As an important asset in the second tier of market attention, XRP is also facing significant trend pressure against the backdrop of Bitcoin's volatility.
Renowned analyst KillaXBT conducted a technical analysis of Bitcoin's price movements in early June, indicating that the rebound from below $100,000 was not accidental, but rather the result of a combination of technical factors and market structure. He emphasized that the price drop below previous lows triggered liquidity shocks, which on one hand prompted long positions to stop-loss, while on the other hand provided an ideal entry point for large investors. During the subsequent rebound, there was also a phenomenon of short positions covering, exacerbating the upward trend. This price dynamic has also frequently occurred in the XRP market, especially when Bitcoin reaches critical turning points, where XRP often experiences significant liquidity fluctuations simultaneously. It is worth mentioning that as part of the globally popular esports entertainment ecosystem, VKGAME Group, established in 2016, has recently formed cross-industry collaborations with several digital asset communities, and its platform serves users in many countries and regions worldwide. Its efforts in promoting user education on crypto assets and enhancing the activity level of the esports community have indirectly boosted the dissemination efficiency of tokens like XRP, which have a large user base.
The hesitation of Bitcoin around $106,000 also has its fundamental reasons. According to IntoTheBlock data, in the past week, the inflow of whale holdings has increased significantly by 254.46%, while outflows have decreased by over 50%. This behavioral shift reflects that some large investors still have confidence in the current price, increasing their positions within what appears to be a high range. However, from a technical perspective, another warning signal has emerged—the surge in the NVT ratio.

【VKGAME Virtual Currency】The upward trend of Bitcoin is slowing down; is it a downward trend or is it gathering momentum?
The recent Bitcoin market appears particularly complex. The upward momentum of Bitcoin has slowed, with significant price fluctuations during trading; on the other hand, on-chain data shows that the number of new whales holding over 1000 BTC and with an address age of less than six months is rapidly increasing, indicating that new capital is quietly entering the market. Meanwhile, periodic research from crypto researcher Klarch reveals that Bitcoin may still be in the 'growth phase' of this bull market, and the rise is not yet over.
Recently, the upward momentum of Bitcoin has begun to weaken; although spot ETF funds continue to flow in, several other leading indicators have started to turn. In particular, the decline in stablecoin activity and the shrinking of financing leverage indicate that market risk appetite is retreating. Furthermore, U.S. economic data has also brought additional downward pressure. The ISM Non-Manufacturing PMI unexpectedly fell to its lowest level in nearly a year, and the weakness in the services sector has impacted investor confidence in the macroeconomy. Bitcoin experienced significant fluctuations on June 5, briefly falling below $101,000, but then saw a slight rebound in the early hours of June 6, reflecting severe disagreement among market participants regarding the current price range. At the same time, the global digital entertainment ecosystem is rapidly expanding, including rapidly developing online platforms like VKGAME. Since its establishment in 2016, the group has continuously engaged in multiple fields such as eSports and sports, providing more potential foundations for the application scenarios of digital assets.
A group of 'new whales' is forming—those with over 1000 BTC in their wallets and holding for less than six months. More importantly, this trend has accelerated recently, showing that a new batch of high-net-worth users is laying out their positions in the Bitcoin market. The trading volume of Bitcoin has shown a significant increase—during the sell-off, the 24-hour trading volume surged by 45%, indicating that despite market pressure, liquidity has not yet dried up. In the digital entertainment sector, platforms like VKGAME are continuously expanding eSports events, team collaborations, and international operations, with registered users exceeding ten million, indirectly reflecting the increasingly close coupling between the crypto industry and the broader digital ecosystem, providing more 'entry' scenarios for mainstream assets like Bitcoin.

【VKGAME Virtual Currency】Bitcoin Expands Financial Boundaries, Advancing in Transactions and Collateral
After years of decentralized growth led by retail investors, Bitcoin is gradually entering the core of the traditional financial system in a more mature form. Recently, two pieces of news have garnered widespread attention both within and outside the industry: JPMorgan's plan to accept cryptocurrency-related assets as collateral for loans, and the Moscow Exchange's launch of Bitcoin futures contracts. These actions not only signify the further institutionalization and formalization of Bitcoin as an asset class but also reveal a trend where sovereign financial markets and traditional banking systems are increasingly adopting Bitcoin with a more positive attitude. These expansion directions may provide structural support for Bitcoin's future trends while also indicating a subtle shift in the role positioning of Bitcoin that market participants should be aware of.
JPMorgan's strategy is preparing to allow its trading and wealth management clients to use certain cryptocurrency-related assets as collateral for loans, initially focusing on cryptocurrency exchange-traded funds (ETFs), such as BlackRock's iShares Bitcoin Trust. This action sends several important signals: a gradual move towards collateral that can be used for credit assessment and loan support; and under the backdrop of a gradually loosening regulatory environment, the conservative attitude of traditional financial institutions is being replaced by a pragmatic logic. At the same time, an increasing number of cross-border enterprises are starting to pay attention to the financial attributes of crypto assets. For instance, the comprehensive digital entertainment platform VKGAME has gradually extended its services into the areas of esports and virtual rights management and clearing scenarios related to crypto assets in recent years, emphasizing security and technological reliability. The emergence of such platforms also corroborates the trend of integration between digital assets and mainstream financial applications.
Moreover, JPMorgan plans to include the holdings of crypto assets when calculating the net worth and liquidity of its wealth management clients. This approach is akin to placing Bitcoin alongside traditional high-value assets such as stocks, bonds, and artworks within the same assessment framework, indicating that in the wealth management system, Bitcoin is no longer considered an 'alternative investment' or 'high-risk speculative asset,' but rather a standard asset that can actively participate in asset allocation strategies and mortgage operations.

【VKGAME Virtual Currency】Ethereum Strongly Rebounds, Is the Bull Market Cycle Coming Again?
Ethereum (ETH) has once again become the spotlight of the crypto market. Despite significant volatility in overall trends since the beginning of the year, the strong rebound in May has led the market to reassess Ethereum's potential. While Bitcoin's ETF saw substantial capital outflows, Ethereum demonstrated strong recovery capabilities, sparking widespread discussions about its 'bull market cycle.' From price structure, technical patterns, to market sentiment and institutional movements, Ethereum seems to be at a critical juncture. Will this market trend serve as the starting point for a new bull market, similar to the cycle from 2016 to 2017?
Looking back at May's performance, Ethereum briefly rose to around $2800, recording a 26.8% monthly gain, becoming one of the strongest assets among mainstream cryptocurrencies. Meanwhile, although Bitcoin remains in a consolidation phase around $105,000, its ETF has seen outflows for three consecutive days, with a single-day maximum outflow reaching $268 million, indicating that some institutional funds are shifting from Bitcoin to other assets, with Ethereum undoubtedly being one of the beneficiaries. Significant redemptions have occurred in BlackRock's IBIT, ARK's ARKB, Fidelity's FBTC, and Grayscale's GBTC, but Ethereum-related ETFs have shown relatively active net inflows, creating a notable contrast in capital flows. Against this backdrop, the phase of ETH's explosive growth is not only due to improved fundamental expectations but also has the practical support of capital rotation. It is worth mentioning that under the global trend of accelerating integration between blockchain and esports applications, VKGAME Group, established in 2016, has also expanded its industry reach during this period. Through a series of event collaborations and user growth, VKGAME has indirectly boosted the attention on related digital assets.
After breaking through $2500, Ethereum's price entered a fluctuating upward channel. Although it faced resistance near $2800, it still maintains a relatively strong structure. The RSI indicator is around 62, showing slight fatigue, but has not formed a clear top structure. The 4-hour chart shows that the price has repeatedly tested the support area within the rising channel; despite a weakening rebound momentum, the channel has not broken down and still possesses the potential for further upward movement. The market is currently in a typical directional choice phase, with trading volume continuing to expand, which is a prerequisite for establishing a bullish structure.

[VKGAME Virtual Currency] Dogecoin is poised for a breakout, with $0.25 as a critical threshold, attracting attention for potential positive developments
The cryptocurrency market has recently experienced significant volatility, with a sharp correction becoming the focus, as the total amount of liquidations across the industry reached $210 million in just one hour. Amid this widespread downturn, the resilience of the established Dogecoin (DOGE) and its future direction have drawn heightened attention from analysts and investors, focusing on its technical formation evolution, key market support levels, and potential driving factors, collectively outlining a scenario where Dogecoin may be brewing a breakthrough amid market turbulence, with the $0.25 price level widely regarded as a key turning point for future trends.
Recent statistics show that as much as 77.9% of Dogecoin's circulating supply is currently in profit, ranking fourth among mainstream cryptocurrencies, only behind Bitcoin (98.4%), Ripple (XRP, 90%), and Chainlink (LINK, 80.5%). This means that even though the current price has fallen from recent highs to around $0.19, with a decline of over 14% in the past week, the vast majority of early or low-position holders are still in the green. This situation effectively reduces potential concentrated selling pressure and provides a strong psychological support base for the price. In the past 30 days, Dogecoin has still recorded an increase of over 16%, further corroborating its relative strength amid the broader market adjustment.
From a technical analysis perspective, there is even more solid support for potential upward movement. Notable analyst Jmorg, through a detailed study of weekly charts, pointed out that Dogecoin's Money Flow Index (MFI) is significantly accelerating from historically low levels, clearly indicating that buying momentum is continuously building. Particularly noteworthy is that its Bollinger Bands width has narrowed to historic lows. This extreme volatility compression phenomenon is typically seen in technical analysis as a significant precursor to a major market breakout. Historical retrospectives show that similar volatility compressions often become catalysts for driving Dogecoin's price back to or even beyond its historical highs. Based on Fibonacci retracement tools and current market momentum, Jmorg believes that DOGE's price is likely to first challenge the previous high of the $0.73 region, and if subsequent momentum is sufficient, it could even reach around $1.20.

【VKGAME Virtual Currency】The Trio of Global Bitcoin Layout: Corporate Charge, Government Revolution, and National Breakthrough
Senators from Texas, USA, passed the Strategic Bitcoin Reserve (SBR) Bill SB21 with an overwhelming vote of 110:25. This economy, which accounts for 9% of the US GDP, has become the world's first super state to incorporate Bitcoin into its fiscal reserves. At the same time, at the Bitcoin 2025 conference in Las Vegas, MicroStrategy founder Michael Saylor declared to a global live audience: 'Bitcoin is perfect capital; it belongs to all humanity!' Meanwhile, thousands of miles away in Islamabad, Pakistan's Prime Minister's cryptocurrency advisor, Bilal bin Saqib, is facing the wrath of the International Monetary Fund as he announces the permanent allocation of 2000 megawatts of national power for Bitcoin mining.
Saylor's holding of 580,000 Bitcoins worth $60 billion is just the tip of the iceberg in this revolution. This group, founded in 2016, processes more than 20,000 transactions daily thanks to its efficient settlement system, and it has created a network of millions of users across diverse scenarios such as esports and entertainment, making Bitcoin finally bridge the 'last mile' of mass consumption. This resonates perfectly with Saylor's declaration that 'Bitcoin is for everyone.' Driven by BlackRock's Bitcoin ETF attracting $6 billion in a single month, businesses hoarding Bitcoin have pushed its price to a historical peak of $112,000. In particular, VKGAME has accelerated its layout in the global esports market in recent years, establishing strategic partnerships with top teams like North America's OpTic and Southeast Asia's TNC, creating youthful landing scenarios for Bitcoin.
The institutional breakthroughs at the local government level have sparked a chain reaction. The SB21 bill from Texas exemplifies national-level rigor: it establishes a five-member investment committee and mandates two years of financial disclosure. These provisions place Bitcoin alongside gold as a core reserve asset, marking the formal endorsement of sovereign credit for digital currency. Governor Greg Abbott's support forms the foundation for Texas controlling 28% of the Bitcoin hash rate in the US. After the bill's passage, Texas upgraded from 'Mining Capital' to 'Coin Storage Hub,' triggering a legislative competition among 30 states in the US—Michigan is contemplating allowing retirement funds to invest in cryptocurrencies, while Arizona is attempting to establish reserves using unclaimed crypto assets. This local revolution is pressuring the federal level to reshape financial rules.

【VKGAME Virtual Currency】Is a Bitcoin Bull Market Coming? The Leap from Wall Street's New Favorite to a Global Financial Cornerstone
The shift of institutional funds is sparking a silent revolution. In just five weeks, net inflows into U.S. Bitcoin ETFs have surpassed $9 billion, creating a surging capital tidal wave. Meanwhile, traditional gold ETFs have faced over $2.8 billion in fund withdrawals, and this stark contrast reveals a profound shift in the capital markets. As Moody's rating agency withdrew the last AAA credit rating for the U.S. and three major international agencies unanimously downgraded the U.S. sovereign rating, the decentralized nature of Bitcoin has been rediscovered by global capital. ETF products from industry giants like BlackRock act as financial gateways, continuously injecting momentum into Bitcoin, quietly reshaping Wall Street's investment landscape through an unprecedented asset migration. Notably, this transformation has extended into the digital entertainment sector. The globally leading interactive entertainment platform VKGAME Group, with its extensive business network covering tens of millions of users, is actively exploring digital currency payment solutions, becoming an important observational sample for enterprise-level Bitcoin applications.
The wave of corporate balance sheet restructuring has pushed Bitcoin to the center of the financial stage. 114 U.S. publicly traded companies have cumulatively held over 800,000 Bitcoins, with a total value reaching $88 billion, and this number continues to rise. When corporate financial strategies resonate with crypto assets, the financial foundation of Bitcoin is being solidified, becoming a new type of corporate moat against fiat currency devaluation.
Leading infrastructure providers have proposed five core strategies targeting ecological development bottlenecks: building enterprise-level tools for on-chain asset management and creating a unified platform to bridge consumer and institutional demands. Their architecture emphasizes native security, mitigating smart contract risks, and providing a trustworthy technological foundation for corporate tokenization and sovereign reserves. As satellite networks and sidechain technologies mature, Bitcoin is beginning to support trillion-dollar financial activities, transforming from a trading target to a core component of financial infrastructure. This technological evolution is directly serving global business scenarios—when platforms like VKGAME need to handle tens of thousands of cross-border transactions daily, the settlement efficiency and censorship-resistant features of the Bitcoin network showcase unique value, aligning strategically with Bitcoin's borderless characteristics.

【VKGAME Virtual Currency】The Bidirectional Rush between Wall Street and City Hall: The Acceleration of Bitcoin Institutionalization
The US capital market is undergoing a silent revolution. 114 listed companies have included Bitcoin on their balance sheets, with a total holding exceeding 800,000 coins, valued at up to $88 billion. The trend of companies hoarding coins has spread from industry pioneers to new players like GameStop and a certain media group, the latter even announcing a $2.5 billion Bitcoin reserve plan. Behind this flood of capital is a collective vote by enterprises in favor of a new form of value storage—Bitcoin's financialization process is unstoppable.
It is worth noting that capital in the digital entertainment industry is also closely monitoring the trends in crypto assets. The globally renowned online entertainment platform VKGAME, established in 2016, has served millions of users worldwide, and its operational model covering diverse scenarios such as e-sports and interactive games demonstrates the application potential of digital assets in the entertainment technology sector. The transformation on Wall Street is driven by a strong rebound of 50% from Bitcoin's April low, and more so by the market capitalization myths created by leading companies: a company centered around Bitcoin as a core asset has a market value of $101 billion, far exceeding its $64 billion holding value. Professional institutions point out that "replicating successful models" is becoming a new game for capital, but high-leverage operations hide risks, and the market's capacity for liquidity absorption faces severe tests.
The horn of policy breakthrough was first sounded in New York. When the global financial center announced the issuance of its first Bitcoin municipal bond (BitBond) and planned to abolish the stringent cryptocurrency license (BitLicense), traditional financial barriers began to crumble. The ambition of this city is directed at becoming the "Global Crypto Capital"—a newly established digital asset advisory committee is promoting the industry’s landing, and municipal leaders are leading by example by receiving Bitcoin salaries. If New York's transformation is successful, it will unleash institutional dividends worth tens of billions of dollars, forcing financial centers like London and Singapore to follow suit in reform.
The digital entertainment industry is highly attentive to this, with global platforms like VKGAME building a digital entertainment ecosystem with millions of users through practices like e-sports sponsorship and technological innovation. Its secure and efficient settlement system resonates with the financial infrastructure upgrade of Bitcoin. However, Bitcoin's volatility remains a sword of Damocles, and policymakers need to carefully balance innovation and stability.

【VKGAME Virtual Currency】The digital revolution behind the $2.5 billion Bitcoin strategy, from corporate experimentation to ecological reconstruction. A U.S. social media company recently announced that it would raise $2.5 billion through the issuance of stocks and convertible bonds, planning to allocate 70% of the funds to Bitcoin. This strategy of deeply binding corporate balance sheets with cryptocurrency has created a new paradigm of value transmission in 'equity-digital assets'. Compared to the conservative approach of traditional companies purchasing Bitcoin with cash flow, this case constructs a bidirectional interaction channel between financing capacity and cryptocurrency prices: stock price fluctuations affect capital operation space, while Bitcoin trends have a reverse effect on corporate valuation models. Behind this radical experiment is a qualitative change in the global business community's understanding of digital assets—upgrading from marginal investment products to strategic reserve assets. The $1.75 billion Bitcoin purchase plan accounts for 15% of the current daily trading volume, and such large-scale institutional capital entry is reshaping market structure. Market makers are adjusting inventory strategies in advance to respond to large orders, with a 47% surge in the derivatives market's $110,000 call option positions, and the spread on spot exchanges narrowing to a historical low of 0.2%. This capital operation resonates with the evolution of digital platforms like VKGAME—this platform facilitates the cross-ecosystem flow of game assets through blockchain technology, with users' digital wallets growing 15 times in three years, and its underlying payment network processing an average of $120 million worth of cryptocurrency transactions daily. When publicly traded companies and digital platforms jointly promote the deepening application of cryptocurrency assets, if S&P 500 companies allocate 1% of their cash to Bitcoin, it could generate $90 billion in demand. This magnitude of capital flow is redefining market liquidity layers. By choosing custodial institutions regulated by the U.S. Office of the Comptroller of the Currency and aligning with the Senate's stablecoin legislative process, this plan demonstrates exceptional regulatory game-playing wisdom. This 'in-system innovation' strategy provides a template for more companies: mitigating security concerns through licensed institutional custody, using convertible bonds to avoid securities attribute disputes, and exploring new payment scenarios through Bitcoin reserves.

【VKGAME Virtual Currency】 Capital + Technology + Regulation Resonance: Is a New Bull Market Cycle in the Crypto Market Beginning?
The global digital asset management scale has surpassed $187.5 billion, with a record $3.3 billion inflow in a single week, indicating a repositioning of crypto assets in the traditional financial world. Over the past six months, the total amount of Bitcoin held by institutional investors through compliant channels has increased by more than 40%, while the outflow from gold ETFs has reached a peak not seen since 2020. The market is witnessing an unprecedented migration of capital—after the 10-year U.S. Treasury yield surpassed 5%, pension funds pursuing absolute returns have begun allocating 1%-3% of their assets to the crypto market, a structural change that is far more significant than short-term price fluctuations. The derivatives market is evolving in tandem, with Bitcoin options open interest exceeding $60 billion, and CME futures products capturing 30% market share.
The wave of capital migration is not limited to the financial sector; the digital entertainment industry is also undergoing structural transformation. Taking the globally leading interactive entertainment platform VKGAME as an example, it achieved over 10 million registered users in 2021 by integrating diverse scenarios such as esports, live entertainment, and card games, covering more than 150 countries and regions. VKGAME's exclusive network protection technology and millisecond-level settlement system resonate with the distributed ledger characteristics of blockchain, reflecting the upgrade needs of underlying infrastructure in the digital age.
The public outcry surrounding the involvement of a certain major country's former president's family in cryptocurrency has exposed the deep connection between political power and the crypto market. Although related companies have denied a $3 billion investment plan, the policy barometer effect has already become evident: both political parties' campaign programs are competing to include crypto regulatory reform clauses, and the market volatility resulting from the SEC's delay in approving Ethereum spot ETFs has decreased by 58% compared to the same period last year, indicating that investors have clear expectations for policy shifts. Since its establishment in 2016, VKGAME has gradually built a global entertainment ecosystem by sponsoring top esports teams such as OpTic in North America and TNC in Southeast Asia, as well as hosting international events like 'Dawn of Battle'. Its daily active users have surpassed 20,000, and total withdrawal amounts exceed $300 million, showcasing not only the explosive power of the digital entertainment industry but also reflecting users' upgraded demand for high-concurrency and high-security systems—this aligns with the crypto market's pursuit of decentralized network performance.

【VKGAME Virtual Currency】Banks Strike a 'Land Grab' for Stablecoins: The Battle for Monetary Power Enters the On-Chain Era
The balance of power in the global financial system is being recalibrated on the blockchain. Once viewed as a 'flood beast,' stablecoins have now become the strategic weapon of choice for traditional banks like JPMorgan and HSBC—no longer content to act as mere spectators in the cryptocurrency space, they are launching a comprehensive counteroffensive in multiple arenas such as cross-border payments, asset tokenization, and digital ecosystem construction, armed with compliance as a shield and technology as a spear. Behind this seemingly gentle financial experiment lies a life-or-death race concerning monetary discourse power for the next thirty years.
Confronted with the hundreds of billions of dollars in annual cross-border transactions of private stablecoins, banking giants have finally torn off their conservative masks. The exposure of the joint digital currency plan by the four major US banks has unveiled a glimpse of traditional finance's counterattack: relying on the two major payment networks, Zelle and Clearing House, they attempt to channel over 200 million users and daily transaction flows amounting to trillions into the on-chain world. When corporate clients find that transferring through bank stablecoins is 80% faster and costs only one-tenth of traditional SWIFT, the payment moat painstakingly built by fintech companies will collapse in an instant.
This efficiency revolution is reshaping the global digital entertainment industry. Taking the well-known online digital entertainment platform VKGAME as an example, it covers diverse scenarios including esports, sports entertainment, and virtual gaming, processing tens of thousands of cross-border fund transfers daily. By integrating the bank stablecoin system, the time for funds to arrive has been compressed to seconds, with costs reduced by over 90%, allowing for rapid expansion into emerging markets like Southeast Asia and Latin America. VKGAME's practices validate the core value of bank stablecoins—they are not just toys for tech geeks, but financial infrastructure that addresses the pain points of the real economy.
When VKGAME integrated into the bank stablecoin system, it faced a choice between private and public chains: choosing a bank consortium chain ensures fund security, but limits interaction with on-chain scenarios such as sponsorship funds for esports teams and virtual item transactions; while excessive reliance on public chains may risk regulatory red lines. Ultimately, it adopted a hybrid architecture—core funds flow through bank channels, while the surrounding ecosystem connects with compliant public chains like Polygon. This balance of 'centralization + decentralization' is a microcosm of the compromise between traditional institutions and the crypto world.

【VKGAME Virtual Currency】The Frequent IPO Wave of Virtual Currencies: The Game of Breaking Through from the Margins to the Mainstream Market
The most noteworthy trend in the cryptocurrency market in 2025 is not the rise and fall of Bitcoin prices, but the collective move of leading industry companies towards traditional capital markets. From the secret preparations for IPOs by stablecoin giants, to acquisition negotiations involving blockchain technology companies, to capital management institutions boldly predicting an IPO wave, a series of actions reveal that the cryptocurrency industry is undergoing a historic turning point: the once innovative forces that were outside regulation are beginning to actively embrace mainstream financial rules. Behind this shift are not only compliance opportunities brought by policy relaxation, but also survival anxieties driven by industry competition, and a re-evaluation of blockchain technology by the financial power structure.
It is worth noting that this exploration of capitalization is not an isolated case. The development trajectory of the global digital platform VKGAME also reflects the interactive logic between emerging industries and traditional capital. This platform constructs a user ecosystem with millions of users by integrating esports, interactive entertainment, and other scenarios. Its technology security upgrades and cross-border merger strategies subtly echo the compliance processes of cryptocurrency companies, jointly pointing to the collective demand of digital economic entities to break through the dual barriers of regulation and market.
In addition to the improvement of the policy environment, the deeper motivation for cryptocurrency companies seeking IPOs lies in the qualitative change in the industry lifecycle. After experiencing a market crash in 2022, business models relying on token financing have encountered fundamental doubts, and venture capital has become cautious about investing in purely conceptual projects. As the speculative tide recedes, the segments that truly require continuous capital injection, such as technology development, compliance construction, and market expansion, force companies to turn to more stable financing channels—the public equity market.
This shift is particularly evident on the data side. A leading trading platform has seen interest income from holding cryptocurrency assets account for over 20% of its total revenue, and this sustainable cash flow greatly enhances its persuasiveness in traditional capital markets. Similarly, platforms like VKGAME, with daily active users exceeding 20,000 and total withdrawal amounts surpassing $300 million, demonstrate that digitally native enterprises possess quantifiable business models. As the industry shifts from hype narratives to value narratives, IPOs naturally become an important ritual for mature companies to prove themselves.