Back in 2017, Tom Lee was one of the few formally dressed men on CNBC who dared to publicly be optimistic about Bitcoin. Not the kind of talk like 'Bitcoin is a tulip craze,' nor the saying that 'blockchain is important, not Bitcoin.' He suggested institutional investors treat Bitcoin as digital gold—buying it before the world reacted. At the time, this sounded more like a college debate in a fog than a mature strategy. Fundstrat Even lost some clients because of it. You know, at that time, Bitcoin was only trading around $1,000, and most people still regarded it as a speculative toy, or even a den of criminals. Of course, Lee's views later became more and more fragrant like aged wine...
$60,800 remains the key level for Bitcoin to watch. Yesterday, Bitcoin met rejection at this level’s daily support, and the daily close fell below it, indicating at an initial stage that this level has now turned into daily resistance.
If Bitcoin breaks above $60,800, it may attempt to push toward $62,700 in the short term; but for now, a drop to the $55,000 area is still highly likely.
Tokens with higher volatility this morning include: SNX, NEAR, XLM.
$BTC 06.27 Market Update - At last night’s daily close, Bitcoin broke below the $60,800 daily support level we’ve been watching. This has pushed Bitcoin to the lowest daily closing price since September 2024. As of today, we can see that the current candlestick is attempting to reclaim that level, but is being rejected.
Simply put: If Bitcoin can reclaim $60,800, then we can again view the $60,000 to $66,000 range as the mid-term consolidation zone. However, as long as price remains below $60,800, the likelihood of a further move down toward around $55,000 increases significantly.
The cryptocurrencies with higher volatility this morning include: AXS, APE, and AAVE.
🔵 SharpLink has resumed buying Ethereum after an 8-month interruption.
🔵 BitMine’s stock will be added to the Russell 1000 Index, which may increase demand for the company’s shares.
As you know, we previously reported that BitMine launched an Ethereum accumulation plan through a stock issuance program similar to MSTR. The more the stock price rises, the more Ethereum the company can repurchase.
$BTC 25号 at 10pm, a sharp drop to 58k was signaled with a take-profit 😊 Captured the drop of nearly 2000 points 🫡 Short position held for 12 hours #币安合约 #百哥VIP
$BTC Member group trading follow-up: On June 25, at around 10 AM yesterday, I alerted to go short BTC. After a sudden V-reversal, it reached the resistance zone—bulls were already exhausted! I decisively entered short and nailed an excellent opportunity ❤️❤️
$TAO Latest News: According to a report by The Information, the U.S. government has asked OpenAI to limit the release of GPT 5.6 during the government review period.
CEO Sam Altman said, “We have made it clear to the U.S. government that this is not our ideal long-term development model.”
From the daily chart, Bitcoin has shown some key changes over the past few weeks. The solid $66,000 daily support level established earlier this year has recently been aggressively tested by bearish retracements. Therefore, to break through $70,000 before falling further, reclaiming and holding above that price level remains crucial.
Yesterday, after sweeping below the $59,000 low, Bitcoin exhibited the same rebound reaction as the last time it touched that level. On the positive side, the daily close held steady at $60,800, meaning there was no new daily closing price (i.e., it did not break below this line of defense). If the daily close falls below $60,800, the next move is likely to open the door to a drop toward $55,000.
At the moment, we are waiting to see whether the $60,000 to $66,000 range represents distribution (a sign before a decline) or accumulation (a sign before an uptrend).
Coins with higher volatility this morning include: ALICE, THETA, DYDX.
$BTC 📊 3-day time frame follow-up, sharing insights from Bai Ge🤔
➡️ The price has filled the minor gap below, but in my view, the pullback isn’t finished yet. ➡️ I still don’t fully believe that the liquidity below has been consumed. ➡️ Right now, I’m uncertain whether Bitcoin will pull back again or break upwards to grab some liquidity above. ➡️ On the lower time frames, I’m still holding a bearish stance. I’ll be watching the 62,200–62,500 retracement zone and will only trade after confirmation on the 30-minute candlestick chart.
#MU Micron Technology's earnings report was excellent, just as everyone expected. However, I think it's too early to hype the demand for storage chips from humanoid robots.
I definitely recognize the potential of humanoid robots, but their integration into everyday life for the average person will surely come after FSD deployment and the rollout of space computing satellites. Why do I say 'everyday life'? Because if humanoid robots are only used for industrial purposes, they don’t necessarily need to be humanoid, and their adoption won't be massive. Also, speaking of Tesla, my assessment from the beginning of the year seems to be spot on: without external catalysts, it's tough for it to reach new highs.
Yesterday, the market seemed to be in a bit of an uptrend until the New York session opened and the stock market dragged crypto down with it.
The effects of Japan's interest rate hike and the drop in the USD/JPY exchange rate are starting to show. Against this backdrop, U.S. and Japanese officials even held an emergency online meeting yesterday to coordinate next steps.
This morning, after the Asian session opened, the market's downward momentum intensified, and a full-blown crash has begun.
Almost all major indices are showing declines: Korea, Japan, Shanghai, Hong Kong, and India. The tech sector has been hit the hardest, mirroring the situation in the U.S. yesterday afternoon.
Right now, we’re keeping a close eye on the market conditions.
$BTC Even though corporate treasury firms are still net buyers of Bitcoin, their daily purchase volume has dropped from over $500 million during the spring peak to the lowest levels this month, which has eliminated a key source of demand.
Ethlabs was officially established in $ETH by former Ethereum Foundation contributors, and funded by Bitmine, Sharplink, and Joe Lubin. Its mission is to accelerate Ethereum’s institutional-grade supercycle.
The on-chain leverage ratio for $BTC has surged to about 38%, comparable to levels seen in 2021. This is primarily driven by a contraction in TVL (Total Value Locked) rather than new lending demand.
The DeFi exploit in April led to an outflow of around $13 billion in TVL funds. Despite the overall market pullback, meaningful deleveraging hasn't truly materialized yet.