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On-chain data shows the exchange inflows related to the stablecoins USDT and USDC have seen a sharp plunge. Here’s what this could mean for Bitcoin and other cryptocurrencies. Stablecoin Exchange Inflows Have Dropped Below Yearly Average In a new post on X, CryptoQuant author Axel Adler Jr has discussed about the latest trend in the Exchange Inflow of the top two stablecoins in the sector, USDT and USDC. The “Exchange Inflow” refers to an on-chain indicator that keeps track of the total amount of a given asset that’s moving into the wallets associated with centralized exchanges. Generally, investors may deposit their coins into these platforms when they want to trade them away, so a high value on the Exchange Inflow can indicate demand for swapping the cryptocurrency. For volatile assets like Bitcoin, this is something that can naturally be bearish for the price. In the case of stablecoins, however, their price doesn’t see any impact from exchange deposits, since it always remains, by definition, stable around whatever fiat currency the asset is tracking. That said, stablecoin inflows aren’t without consequence. Investors usually deposit these assets to swap into a volatile cryptocurrency of their choice. As such, coins like Bitcoin can see a bullish effect from an Exchange Inflow spike related to these fiat-tied tokens. Now, here is a chart that shows the trend in the combined Exchange Inflow of the top two stablecoins, USDT and USDC, over the past few years: As displayed in the above graph, the Exchange Inflow of USDT and USDC shot up to a very high value at the end of last year, a sign that the investors were making massive deposits of these stablecoins. Alongside the spike in the indicator, the Bitcoin price observed a rally to a new all-time high (ATH), a potential sign that the stablecoin inflows may have helped provide the fuel for the run. At the peak of the spike, the metric reached a value of $131 billion per day. From the chart, it’s apparent that since then, the indicator has been following a downward trajectory and today, its value has come down to $70 billion per day. This represents a significant decline of $61 billion since the high. Though, while the indicator is indeed notably down compared to the peak, its current level is still high in the context of the wider cycle so far. Naturally, if this drawdown in the stablecoin Exchange Inflow keeps up, it could potentially turn out to be a bearish sign for Bitcoin and other digital assets. That said, even though BTC went down earlier in the year, its price is still above the $100,000 mark right now, a possible sign that investors may simply be entering a phase of consolidation. Bitcoin Price Following a surge of about 2.5% over the last 24 hours, Bitcoin has managed to recover back to the $108,100 level.

Global markets have experienced heightened two-way volatility amid the escalating conflict between Israel and Iran, with no clear signs of de-escalation. During yesterday’s early US session, reports emerged suggesting Iran’s willingness to resume nuclear negotiations with the US, raising hopes that tensions might ease. This boosted market sentiment, pushing all major US stock indices into positive territory: the S&P 500 gained 0.9%, the Nasdaq 100 rose 1.4%, the Dow Jones Industrial Average added 0.7%, and the Russell 2000 advanced 1.1%, nearly erasing Friday’s losses. In contrast, WTI crude oil fell by 2%, while Gold (XAU/USD) declined by 1.4%. close Fig 2: WTI crude minor trend as of 17 June 2025 (Source: TradingView) Fig 2: WTI crude minor trend as of 17 June 2025 (Source: TradingView) Yesterday’s decline of -8.8% in WTI crude oil has managed to stall at the former major descending trendline resistance from its 28 September 2023 swing high and the key 200-day moving average, a key support zone of US$70.60/69.15. Thereafter, it staged a bullish reversal of 6.3% that coincided with the hourly RSI momentum indicator hitting close to its oversold region in yesterday’s US session. These observations suggest that last week’s bullish impulsive up move sequence remains intact. Watch the US$70.60/$69.15 key short-term pivotal support, and a clearance above the near-term resistance of US$75.18 (minor swing highs area of 13 June/16 June) sees the next intermediate resistance coming in at US$77.00/77.60 (see Fig 2). On the other hand, a break below US$69.15 invalidates the bullish scenario for the return of a choppy corrective decline sequence to expose the next intermediate supports at US$67.00/66.27, and US$64.15 (also the 20-day moving average). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum (ETH) is attempting to retest the local range highs following last week’s market shakeout. However, some analysts believe that the cryptocurrency will continue its sideways move for the coming weeks before its next big move. Ethereum Eyes Range High Resistance Last week, Ethereum attempted to reclaim the $2,800 barrier, hitting a three-month high of $2,879. However, the market shakeout, fueled by the Iran-Israel conflict, sent the cryptocurrency’s price to retest its local range’s lows before recovering over the weekend. Notably, ETH has been hovering between the $2,400-$2,680 range since the early May market recovery, which saw the King of Altcoins surge from the $1,800 mark toward its current price range for the first time in three months. Nonetheless, it has been rejected from the local range’s resistance four times in the past month. Market watcher Daan Crypto Trades noted that Ethereum’s price action has been consolidating between these two key levels, compressing just below the $2,800 area. This level has been a crucial area throughout the cycle, serving as a key support and resistance level since 2024. The trader considers this area to be “the most important level on this entire chart by far,” detailing that every major retest of this zone has led to either “a nice bounce” or “big dump.” Meanwhile, ETH “went on to really even further” after every reclaim of this level as support. Daan explained that its current price range is “becoming quite a tight range for how long it’s been trading here. You can see how important this is and that there’s likely a big move coming from this point somewhere in the next few weeks.” Based on this, he forecasted that “If we’d see a convincing break above $2.8K and hold there, that would be a good setup for a move to the cycle highs around ~$4K.” However, if it loses this current range, then the $2,100 area “is the big high timeframe level to watch.” Is A 2017 Repeat In The Making? Merlijn The Trader highlighted that Ethereum is now consolidating within its current range after breaking out of a multi-month falling wedge, which suggests that the cryptocurrency could soon experience a massive move. He pointed out that, historically, “this pause often precedes a surge,” adding that the Relative Strength Index (RSI) is also retesting the recent breakout zone. Additionally, the trader noted that ETH appears to be following its 2016-2017 playbook, with a similar structure to eight years ago. At the time, the cryptocurrency had an “explosive setup” that led ETH to a massive lift-off starting in 2017. After the market shakeout, the cryptocurrency moved sideways within a tight range while reclaiming the 50-day Moving Average (MA). Following the key reclaim, Ethereum’s price experienced a massive surge toward new highs. According to Merlijn, “Same breakout zone. Same 50 MA reclaim. Sideways chop… then liftoff. But this time? Bigger market. Institutional fuel is backing ETH. No ceiling in sight. We’re not repeating history… We’re amplifying it.” As of this writing, Ethereum is trading at $2,640, a 3.7% increase in the daily timeframe.

Cardano price started a fresh decline below the $0.680 zone. ADA is now consolidating and might struggle to stay above the $0.620 support. ADA price started a fresh decline below $0.70 and $0.680. The price is trading below $0.680 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.630 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh decline if it dips below the $0.620 support zone. Cardano Price Dips Further In the past few days, Cardano saw a fresh decline below the $0.720, unlike Bitcoin and Ethereum. ADA even declined below the $0.70 level to enter a bearish zone. The bears even pushed the price below the $0.680 level. A low was formed at $0.6134 and the price recently corrected some losses. There was a move above the $0.620 and $0.6350 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.7311 swing high to the $0.6134 low. However, the bears remained active near $0.6560. Cardano price is now trading above $0.620 and the 100-hourly simple moving average. Besides, there is a key bullish trend line forming with support at $0.630 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.650 zone. The first resistance is near $0.6560. The next key resistance might be $0.6720. It is close to the 50% Fib retracement level of the downward move from the $0.7311 swing high to the $0.6134 low. If there is a close above the $0.6720 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.70 region. Any more gains might call for a move toward $0.7350 in the near term. Another Drop In ADA? If Cardano’s price fails to climb above the $0.6720 resistance level, it could start another decline. Immediate support on the downside is near the $0.630 level. The next major support is near the $0.620 level. A downside break below the $0.620 level could open the doors for a test of $0.60. The next major support is near the $0.5650 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.630 and $0.620. Major Resistance Levels – $0.6560 and $0.6720.

The crypto market has been experiencing a rebound during today’s session with Ethereum showing strong momentum. The second largest crypto by market cap has been trending sideways displaying an increasing selling pressure on higher timeframes, but today ETH holders seem hopeful of further gains. At the time of writing, Ethereum is trading at around $2,600 with a 3.5% gain on the past 24 hours. Over the past week, the ETH price shows larger gains with 4.3% returns, the best performance on this timeframe amongst the biggest cryptocurrencies. Ethereum Price On Brink Of Massive Recovery According to Daan Crypto, the current price action for Ethereum shows classical signs of compression. This action is usually recorded when an asset is about to experience a massive spike in volatility, either to the upside or the downside. The analyst pointed out that Ethereum has been trading in a tight range, trapped between two critical levels. If buyers manage to push the price above the first of these levels, sitting at $2,851, then the second crypto by market cap is likely to trend to the upside. On the contrary, if sellers regain control over the ETH market, and price dips below its current levels, then the price is more likely to return to the bottom of its current range, sitting at $2,168. Daan Crypto stated the following, warning his followers on taking positions as the Ethereum price consolidates: ETH Price action is compressing right below this big $2.8K level. If we’d see a convincing break above $2.8K and hold there, that would be a good setup for a move to the cycle highs around ~$4K. If we do lose this current range then $2.1K is the big high timeframe level to watch. No reason to get over excited in either direction until this current consolidation/compression resolves. ETH Price Rally to Ignite Massive Alt Season On a separate note, analyst Cantonese Cat showed the Ethereum price dominance chart, used to gauge the percentage of the total crypto market cap represented by ETH. As seen in the chart below, this chart is tightly compressed according to the Bollinger Band indicator. When these bands compressed, they hint at an upcoming violent move suggesting that Ethereum will abandon its current range soon. If the crypto rallies, then other altcoins are likely to follow and kickstart the beginning of a global upward trend for these assets. On the upcoming alt season, Jameson Lopp, Co-Founder and Chief Security Officer at crypto custodian CASA, stated the following noting the potential new variables that will trigger it: Altseason is coming, just not how you think. Instead of being driven by new tokens on crypto exchanges it will be from new equities on tradfi exchanges. Cover image from Unsplash, ETH/USD chart from Tradingview

XRP price started a fresh increase above the $2.20 zone. The price is now correcting gains and might find bids near the $2.2150 zone. XRP price started a decent upward move above the $2.20 zone. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.280 resistance zone. XRP Price Eyes Another Increase XRP price remained supported above the $2.080 level and started a decent increase, beating Bitcoin and Ethereum. The price climbed above the $2.150 and $2.20 resistance levels. The bulls pumped the price over 5% and pushed it above the $2.220 resistance. Finally, it tested the $2.3350 zone and recently corrected some gains. There was a move below the $2.30 level. The price tested the 50% Fib retracement level of the upward move from the $2.141 swing low to the $2.336 high. The price is now trading above $2.220 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $2.180 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.280 level. The first major resistance is near the $2.320 level. The next resistance is $2.3350. A clear move above the $2.3350 resistance might send the price toward the $2.380 resistance. Any more gains might send the price toward the $2.40 resistance or even $2.420 in the near term. The next major hurdle for the bulls might be $2.50. Another Decline? If XRP fails to clear the $2.280 resistance zone, it could start another decline. Initial support on the downside is near the $2.220 level. The next major support is near the $2.2150 level and the 61.8% Fib retracement level of the upward move from the $2.141 swing low to the $2.336 high. If there is a downside break and a close below the $2.2150 level, the price might continue to decline toward the $2.180 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.2150 and $2.180. Major Resistance Levels – $2.280 and $2.3350.

Crypto asset investment products experienced another challenging week as capital outflows continued for a second consecutive period. According to the latest report from CoinShares, a total of $584 million exited crypto-focused investment vehicles, pushing the two-week cumulative outflows to $1.2 billion. This movement coincides with investor uncertainty surrounding the likelihood of interest rate cuts by the US Federal Reserve this year, which James Butterfill, Head of Research at CoinShares, believes is contributing to waning sentiment in the market. Butterfill attributed the investor pullback to growing skepticism about macroeconomic policy shifts, particularly rate reductions. At the same time, exchange-traded product (ETP) activity hit a new low, with global ETP volumes falling to just $6.9 billion, marking the weakest weekly trading volume since the launch of spot Bitcoin ETFs in the United States earlier this year. Bitcoin and Ethereum Bear the Brunt of The Crypto Outflows Bitcoin accounted for the majority of this week’s outflows, with $630 million leaving BTC investment products. Despite the significant movement of funds out of long Bitcoin positions, short Bitcoin products also recorded outflows totaling $1.2 million. This suggests that investors are not currently betting heavily on downside exposure, opting instead to stay on the sidelines amid uncertain market conditions. Ethereum similarly saw negative flow activity, with $58 million in outflows, continuing the trend of cautious investor behavior across major assets. The report also highlighted geographical breakdowns, noting that the United States led all regions with $475 million in outflows, followed by Canada at $109 million. Germany and Hong Kong recorded smaller outflows at $24 million and $19 million, respectively. In contrast, Switzerland and Brazil stood out as exceptions to the broader trend, bringing in net inflows of $39 million and $48.5 million, respectively. This divergence suggests that local factors or institutional strategies in those regions may be driving different investment behaviors. Altcoins Draw Selective Support While sentiment remained bearish for large-cap assets, some altcoins managed to attract capital inflows. Solana, Litecoin, and Polygon saw modest but notable gains of $2.7 million, $1.3 million, and $1 million, respectively. These inflows may reflect opportunistic positioning by investors seeking exposure to assets that have underperformed recently. Additionally, multi-asset investment products, which spread exposure across various cryptocurrencies, recorded $98 million in inflows. This signals that some investors are using recent price weaknesses to gain diversified access to the market rather than concentrating bets on single tokens. The continued divergence in fund flows highlights the complex sentiment currently influencing crypto markets. With macroeconomic uncertainty still dominating investor outlooks, digital asset markets remain reactive to both global monetary policy signals and evolving regional investment trends. Featured image created with DALL-E, Chart from TradingView

Ethereum price attempted a fresh increase above $2,600. ETH is now trimming gains and might struggle to stay above the $2,500 support. Ethereum started a fresh decline below the $2,600 level. The price is trading below $2,575 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2,525 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,500 zone in the near term. Ethereum Price Corrects Gains Ethereum price found support near $2,440 and started a recovery wave, like Bitcoin. ETH price recovered above the $2,500 and $2,550 resistance levels. The price even spiked above the $2,620 resistance. There was a move above the 23.6% Fib retracement level of the downward move from the $2,880 swing high to the $2,440 low. However, the bears remained active near the $2,660 resistance zone. The bears defended the 50% Fib retracement level of the downward move from the $2,880 swing high to the $2,440 low. The price is again moving lower below $2,600. Ethereum price is now trading below $2,575 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $2,525 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,620 level. The next key resistance is near the $2,640 level. The first major resistance is near the $2,660 level. A clear move above the $2,660 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,800 resistance zone or even $2,880 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,660 resistance, it could start a fresh decline. Initial support on the downside is near the $2,540 level. The first major support sits near the $2,525 zone and the trend line. A clear move below the $2,525 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,440 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,500 Major Resistance Level – $2,660

Ethereum (ETH) grabbed fresh attention on June 16 as futures open interest climbed to a yearly high of $36.56 billion. Prices bounced back above $2,600 and hovered near a key resistance level that has held for months. Traders piled into new positions, setting the stage for a big move in either direction. Futures Open Interest Hits Yearly High According to CoinGlass data, open interest in ETH futures jumped sharply over three days, hitting $36.56 billion on Monday. That number marks the highest level since last year. It shows that many traders are using borrowed funds to bet on where Ethereum will go next. Price Tests Multi‑Year Resistance ETH rose about 4.5% in a single session. Based on technical charts, that rally pushed ETH right up to a long‑standing descending trendline. Investors have watched that line for over a year. It sits just above the 50‑week moving average, while the 200‑week average lies just below. If ETH can clear and hold above these levels, it may signal room to run. But weak trading volume could mean bulls need more firepower before taking charge. ETF Flows Show Steady Support US spot funds tied to Ethereum saw a small outflow of $2.18 million on the same day, marking the first net withdrawal in 19 days. Yet weekly inflows still totaled $528.12 million, pushing total assets under management in these ETFs beyond $10 billion. Institutional Backing Expands ETH Reach Major asset managers are also getting more creative with Ethereum. Companies such as BlackRock and Fidelity have begun rolling out tokenized treasury products and stablecoin‑backed funds that link directly to ETH. Based on statements by those firms, these latest products are intended to expand access for large institutions that have avoided so far. They support the notion that Ethereum is not only capable of fueling DeFi tests, but also applications in the real world. Ethereum Drift Remains Steady Before Potential Ripples Meanwhile, market statistics shows Ethereum traded calmly at $2,630 on June 16, showing a 4% increase in the last 24 hours. Futures markets are warming up, with volumes rising steeply as large players pour into ETH-based contracts. Speculative positions usually foretell choppy action. As increasing amounts of money move into leveraged positions, even modest moves in price can cause forced liquidations—sometimes on both the long and short sides. When that occurs, volatility increases. That is to say, today’s tranquil chart can become jagged quickly once those mammoth bets begin to be unravel. Featured image from Unsplash, chart from TradingView

Bitcoin price started a fresh increase and tested the $108,800 zone. BTC is struggling to rise further and is correcting gains below $108,000. Bitcoin started a fresh increase above the $107,000 zone. The price is trading above $106,800 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $107,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $105,500 zone. Bitcoin Price Starts Fresh Increase Bitcoin price started a fresh increase from the $104,500 support zone. BTC climbed above the $105,500 and $106,200 levels to enter a positive zone. The price even jumped above the $108,000 resistance. However, the bears remained active amid rising global conflict fears. A high was formed at $108,898 and the price is now correcting gains. There was a move below the $108,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $104,529 swing low to the $108,898 high. Besides, there was a break below a bullish trend line with support at $107,800 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $106,800 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $107,600 level. The first key resistance is near the $108,000 level. The next key resistance could be $108,800. A close above the $108,800 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level. More Losses In BTC? If Bitcoin fails to rise above the $108,000 resistance zone, it could start another decline. Immediate support is near the $106,700 level and the 50% Fib retracement level of the upward move from the $104,529 swing low to the $108,898 high. The first major support is near the $106,200 level. The next support is now near the $105,500 zone. Any more losses might send the price toward the $103,500 support in the near term. The main support sits at $102,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level. Major Support Levels – $106,700, followed by $105,500. Major Resistance Levels – $107,600 and $108,000.

Bitwise Asset Management’s European research arm argues that the sharp sell-off that followed last week’s military escalation between Iran and Israel is likely to give way to a powerful relief rally in Bitcoin, echoing the cryptocurrency’s behaviour after earlier geopolitical shocks. In its 16 June weekly newsletter Bitwise Europe points to a “Chart of the Week” that lines up the twenty most significant geopolitical risk events since July 2010 and finds that, on average, Bitcoin was “up 31.2 percent fifty days after the event, with a median gain of 10.2 percent.” According to the authors, “major geopolitical risk events tend to be good buying opportunities for bitcoin and other crypto assets.” The firm’s in-house Crypto Asset Sentiment Index briefly turned negative on Friday—its first dip below zero since May—but had already swung back into slightly bullish territory by Monday morning, a shift Bitwise attributes to renewed inflows into spot exchange-traded products and continued US-dollar weakness. At Bitcoin’s current price of around $107,000, a 31% rally would bring it to approximately $140,000. Missiles Fly, Bitcoin To $140,000? The historical analogue is being tested in real time as markets digest the first open exchange of missiles between Tehran and Jerusalem. The Associated Press reports that Iran has fired more than 370 projectiles at Israel since 13 June, killing at least twenty-four people, while Israel claims to have destroyed over 120 Iranian launchers and says it now enjoys “full aerial superiority over Tehran.” The confrontation triggered a textbook flight to safety: gold blasted through $3,430 an ounce on Friday, establishing a fresh record high, while Brent crude spiked and global equities lurched lower. Bitcoin, which had been flirting with its all-time peak near $111,000 early last week, sank as low as $102,600 during the first wave of air-strike headlines before rebounding to the $106,000–107,000 zone. Even after that drawdown, Bitwise notes, the flagship cryptocurrency still out-performed the S&P 500 on a weekly basis thanks to a late-week equity swoon. Bitwise’s thesis rests on three pillars. First is behavioural: previous geopolitical shocks—from Russia’s 2014 annexation of Crimea to the US–Iran standoff of January 2020—produced knee-jerk liquidations in risk assets, yet Bitcoin’s selling pressure tended to exhaust quickly, setting the stage for a mean-reversion pop. Second is macroeconomic. The firm highlights a “pronounced depreciation of the US Dollar,” as the DXY index slid to its weakest level since March 2022 following softer-than-expected inflation prints and another uptick in continuing unemployment claims. Fed-funds futures now imply 1.9 rate cuts by December 2025, loosening global financial conditions and historically favourable for non-yielding, dollar-denominated assets such as Bitcoin. Third is structural demand: US spot Bitcoin ETFs took in a net $1.37 billion last week, while corporate treasuries kept accumulating—Strategy’s Michael Saylor announced the acquisition of 10,100 BTC for $1.05 billion today , and Tokyo-listed Metaplanet disclosed an additional 1,112 BTC purchase that brings its war chest to 10,000 coins. In derivatives, Bitwise flags that the put-call open-interest ratio on Bitcoin options ended the week at 0.61 after dipping to 0.55, while the one-month 25-delta skew flipped decisively into positive territory at +4.87 percent, indicating a premium for upside exposure despite realised volatility languishing around 30 percent. Funding rates on perpetual swaps also remained net long even during Thursday’s risk-off purge, a pattern the firm interprets as “bullish positioning or demand for topside hedging.” Behind the scenes, whales withdrew a net 169,527 BTC from exchanges, and exchange-held reserves fell to 2.92 million coins—about 14.6 percent of supply—further tightening spot liquidity. Sceptics may note that past performance is not predictive and that the explosive rally following Russia’s 2022 invasion of Ukraine was fuelled in part by unprecedented monetary stimulus that may not be replicated. Bitwise itself concedes that realised losses spiked to $55.5 million on-chain last week and that momentum in “apparent demand” has softened. Yet the firm argues that the confluence of structural inflows, dollar weakness and depressed sentiment mirrors the set-ups that preceded its historical sample of 31-percent rallies. As the newsletter concludes, “structural demand by both ETPs and corporate treasuries as well as continued macro tailwinds via Dollar weakness and global money supply expansion still support a positive market development for bitcoin and crypto assets.” At press time, BTC traded at $107,239.

An analyst has explained how Dogecoin might have to hold strong above this level, if the memecoin has to avoid a 30% price drop. Dogecoin Is Currently Trading Inside A Symmetrical Triangle In a new post on X, analyst Ali Martinez has shared a chart that shows where Dogecoin currently stands from a technical analysis (TA) perspective. Below is the graph in question, showing the trend in the 1-day price of the memecoin. From the chart, it’s visible that the Dogecoin price has possibly been trading inside a triangular channel during the last few months. The channel hasn’t appeared to be just any triangle-shaped one, either, but a special type called the Symmetrical Triangle. A Symmetrical Triangle forms whenever an asset observes consolidation between two trendlines converging at a roughly equal and opposite slope. The upper line of the pattern tracks lower highs in the price, and the lower one higher lows. As the asset moves inside this channel, its range becomes narrower with time, until it shrinks down to a point at the apex. Generally, volatile moves are more likely to occur when consolidation tightens, so a breakout of the pattern becomes increasingly probable as the price approaches the tip of the triangle Symmetrical Triangle breakouts can signal a continuation of the trend in the direction of the break. This means that a rise above the pattern can be a bullish sign, while a drop below it may be a bearish one. As displayed in the chart, the 1-day price of Dogecoin has recently been nearing the end of the triangle, a potential sign that a breakout could be imminent. Currently, the memecoin is retesting the lower line, so it will be interesting to see whether the level holds or if this is where a break would finally happen. Unlike the Ascending and Descending Triangles, two other popular types of triangular channels in TA, breakouts are usually considered to be equally probable in either direction for a Symmetrical Triangle. The reason is simple: consolidation occurs in an exactly sideways manner in this pattern. In contrast, the Ascending and Descending types slope upward and downward, respectively, which can bias the breakout direction. Thus, even if Dogecoin is retesting the lower level right now, a rebound and then breakout from the upper line may also still be quite possible. That said, in the event that a bearish breakout does take place, things can be especially troubling for DOGE, as there is another level of importance just nearby. The level in question, situated around $0.168, corresponds to the 0.786 Fibonacci Retracement level. Fibonacci Retracement levels are lines defined using ratios found in the famous Fibonacci series. “Dogecoin $DOGE must hold above $0.168 to avoid a 30% price drop!” warns the analyst. DOGE Price At the time of writing, Dogecoin is trading around $0.177, down over 4% in the last week.

Donald Trump’s media company is making another play in the crypto space. Trump Media & Technology Group, which runs Truth Social, has filed with the SEC for a new spot ETF. This one would bundle Bitcoin and Ether in a single fund, split 75 percent to 25. If approved, the dual Bitcoin-Ether ETF would be among the first of its kind in the U.S. market. It follows the company’s earlier Bitcoin-only ETF filing and its $2.3 billion Bitcoin reserve plan. One thing’s clear: Trump Media wants a front-row seat in crypto finance. Trump Wants Both Coins on the Menu This new ETF would give investors exposure to both Bitcoin and Ether without needing to handle crypto wallets or exchanges. Crypto.com is listed in the filing as custodian and liquidity provider. The filing builds on the company’s June application for a Bitcoin-only fund. That version also named Crypto.com and raised concerns over ties to Yorkville Advisors, a firm with a rocky reputation. The new fund keeps the same partners but shifts the approach by adding Ether. Bigger Than a One-Off Crypto Move The ETF filing comes just after the SEC gave the nod to Trump Media’s massive Bitcoin treasury plan. This isn’t a one-time idea. The company is clearly laying out a long-term crypto playbook. Ether brings more than name recognition. It powers the world of smart contracts, NFTs, and decentralized finance. Adding it to the ETF gives investors a stake in more than just Bitcoin’s price. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 This Is Not Your Average ETF Filing Plenty of Bitcoin ETFs already exist. BlackRock, Fidelity, and Grayscale are pulling in billions. But none of them offer a hybrid fund combining the two largest crypto assets. BitcoinPriceMarket CapBTC$2.13T24h7d30d1yAll time And none of them come with the political weight of Trump’s name. That alone puts this filing in its own category, for better or worse. A Financial Product With a Campaign Edge Trump has made crypto part of his political message. He’s talked up financial freedom, backed stablecoin projects, and shown up at crypto-linked donor events. This ETF move lines up with that narrative. It’s a business filing, but it also sends a clear message to his base. Trump Media is leaning into crypto culture while building a brand around it. DISCOVER: 20+ Next Crypto to Explode in 2025 What to Watch Next Now it’s up to the SEC. The fund would trade on NYSE Arca if approved. Key questions include the fund’s ticker symbol, its fees, and whether it connects to the Truth Social platform in some way. EthereumPriceMarket CapETH$310.17B24h7d30d1yAll time A rejection could stall momentum. An approval could open the door for more filings from Trump Media and others chasing retail attention. Trump Media Is Just Getting Started This ETF shows Trump Media is not playing around. The company is using crypto to expand its identity and push its brand into new territory. Combining Bitcoin and Ether is a bold move, but the real test will be how regulators and investors respond in the weeks ahead. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Trump Media has filed for a dual Bitcoin-Ether ETF that would split exposure 75% to Bitcoin and 25% to Ether. The ETF follows an earlier Bitcoin-only filing and a $2.3 billion reserve plan, showing a broader crypto strategy. Crypto.com is listed as a custodian and liquidity provider, continuing its partnership from Trump Media’s previous ETF proposal. The hybrid fund is unique among existing ETFs and carries Trump’s political brand, giving it added public attention. If approved by the SEC, the ETF would trade on NYSE Arca and could influence how other political or media brands approach crypto. The post Trump’s Truth Social Wants to Launch Dual Bitcoin-Ether ETF appeared first on 99Bitcoins.

Justin Sun is pulling off one of the flashiest crypto comebacks in recent memory. Tron is going public through a reverse merger with Nasdaq-listed SRM Entertainment, and the deal is being steered by a Trump-connected investment bank. If all goes through, the rebranded Tron Inc. might even have Eric Trump sitting on its board. The merger arrives just months after the SEC hit pause on its fraud case against Sun. And while that investigation is still technically open, it’s no longer in the way, making this the perfect moment for a pivot into the public spotlight. Why Now? Because the Legal Heat Cooled Off This kind of timing doesn’t happen by accident. The SEC’s case against Sun, which accused him of shady token sales and price manipulation, had been hanging over his head for more than a year. But once it was paused, the runway cleared. Going public through a reverse merger means Sun can skip the traditional IPO process. No roadshow. No underwriter headaches. Just a fast track to a Nasdaq listing, and a chance to reframe Tron as a fully legitimate corporate entity. What the Deal Actually Looks Like Here’s how it works: SRM, a small toy and licensing firm with links to Disney and SeaWorld, is merging with Tron and rebranding itself as Tron Inc. Tron will contribute up to $210 million worth of its TRX tokens to the combined entity. SRM, on its end, will raise $100 million to buy Tron’s tokens, then issue new shares and warrants as part of the structure. The financial advisor? Dominari Securities, which just happens to be based in Trump Tower. Its advisory board features Donald Trump Jr. and Eric Trump. There’s already talk that Eric might take a formal leadership role at the newly public Tron. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Turning Tron Into a Token Treasury Sun isn’t just trying to slap a crypto logo on a Nasdaq ticker. He wants Tron Inc. to hold a huge amount of TRX on its balance sheet, think of it like a crypto version of MicroStrategy’s Bitcoin hoarding. TRONPriceMarket CapTRX$25.94B24h7d30d1yAll time This opens the door to some interesting possibilities. Shareholders might eventually get dividends paid in crypto. Tron could use its public listing as a springboard to buy other projects or enter traditional markets without touching fiat. It’s aggressive. But that’s exactly what you’d expect from Sun. The Trump Factor Is Impossible to Ignore Justin Sun and the Trump family go back a bit. He invested $75 million in World Liberty Financial, a Trump-linked stablecoin startup. He’s shown up at donor events. He’s leaning into that relationship now to give this merger extra firepower, both financially and politically. It also fits the mood. With Trump back in office and crypto regulation softening, projects that were once in the legal crosshairs are now making bold moves. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Still, Plenty of Risks in the Rearview The SEC case may be paused, but it’s not off the table. If the agency decides to reopen it, things could get messy fast. And there’s always the issue of volatility. TRX isn’t exactly the most stable token, and building a public company’s value around it isn’t without danger. Plus, we still don’t know how much influence the Trumps will actually have. Is this a branding play, or is there real governance involvement? That matters for anyone thinking of investing. What to Keep an Eye On Watch for official filings. If Eric Trump joins the board, that’s going to make headlines. If Tron starts paying dividends in TRX, that’s going to raise questions. And if the SEC steps back in, it could stop this story in its tracks. This is one of the first big test cases for what post-enforcement crypto looks like in the public market. Final Thoughts Justin Sun has never been subtle. Tron is back, it’s public, and it’s playing the game with political connections, token reserves, and a very bold pitch. Whether it lasts or blows up is anyone’s guess. But one thing’s for sure: Tron Inc. is about to become one of the most watched names in crypto. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Justin Sun is taking Tron public via a reverse merger with SRM Entertainment, backed by Trump-linked Dominari Securities. The merger follows a pause in the SEC’s fraud case against Sun, removing a key barrier to launching Tron as a Nasdaq-listed company. The deal involves up to $210 million in TRX tokens and $100 million in financing, positioning Tron Inc. as a public crypto treasury vehicle. Eric Trump may join Tron Inc.’s board, adding political weight to a crypto brand already leaning into its Trump connections. While bold, the move carries risks, including unresolved SEC charges and the volatility of TRX as a corporate asset. The post Justin Sun Takes Tron Public in Trump-Linked Merger appeared first on 99Bitcoins.

PumpFun and its founder’s X accounts were suspended just days before the launch of the highly anticipated $PUMP crypto token airdrop. Fishy, especially since this isn’t the first time a big crypto account has been randomly suspended like this. How Could Pump.fun Be Affected By This? Pump.fun has been the go-to platform for launching coins on Solana for the past year. Its airdrop was highly anticipated, with the $PUMP token trading at a $6B FDV in the pre-market. This account suspension is a huge blow to Pump Fun, and it could lead to a major crash in the price after launch and hurt platform activity, since Twitter was their main marketing source. Of course, this all depends on whether the account stays banned, which seems pretty likely. X is known for being super strict with their rules around API distribution, so we’ll just have to wait and see how it plays out. Only time will tell. DISCOVER: Top Solana Meme Coins to Buy in June 2025 Join The 99Bitcoins News Discord Here For The Latest Market Insights Key Takeaways X is cracking down on unauthorized API use, suspending tools like WuupX and Pump.fun. Crypto community divided on impact; concerns over token launch vs. bullish market outlook. The post Pump.Fun Account On X Suspended – Is the Fun Over for Traders? appeared first on 99Bitcoins.

As Bitcoin (BTC) reels amidst escalating geopolitical tensions between Israel and Iran – dropping from $110,530 on June 9 to just above $106,900 today – concerns are mounting that BTC’s upward momentum may have stalled. However, on-chain data suggests that both Bitcoin whales and retail investors still anticipate further upside for the leading cryptocurrency. Bitcoin Whale And Retail Inflows To Binance Tumble According to a recent CryptoQuant Quicktake post by contributor Darkfost, Bitcoin inflows to Binance crypto exchange from two distinct cohorts – whales and retail investors – have fallen to their lowest levels in the current market cycle. Darkfost shared the following chart illustrating that Bitcoin whale inflows to Binance have hit their lowest point since 2024. Similarly, retail investor inflows are also at their lowest since 2024, signalling a strong preference to hold rather than sell. The contributor emphasized that this alignment in behavior between whales and retail investors is a “highly constructive signal for the market.” Apart from the consistent inflows observed at the start of the current cycle, Darkfost identified two previous instances when both groups acted in sync. Notably, such periods of aligned behavior have typically coincided with previous market tops. These tops were marked by synchronized BTC inflows into exchanges, leading to a significant uptick in selling pressure and, eventually, market demand exhaustion. Commenting on the recent drop in BTC inflows, Darkfost suggested that market participants may be waiting for clearer macroeconomic cues or are simply exhibiting high conviction in Bitcoin’s long-term potential. They added: Such alignment across investor classes may also reflect broader market confidence, with expectations of further profits ahead. Recent trading setups support the aforementioned outlook. In a separate X post, seasoned crypto analyst Ash Crypto highlighted that a Bitcoin whale had opened a massive $200 million long position with 20x leverage. Should BTC Holders Be Worried? Despite the encouraging dip in BTC inflows to major exchanges like Binance, some analysts warn that a deeper correction may be imminent. For example, TradingView analyst MIRZA recently predicted that BTC could fall as low as $85,000. Similarly, veteran trader Peter Brandt shared a cautionary note, that BTC may see a steep slide in the coming months. Brandt stated that if BTC mirrors the 2021-22 market cycle, then it may risk falling to as low as $23,600. That said, BTC outflows from exchanges continue to rise, depleting available reserves – a dynamic that could result in a supply shock. As of this writing, BTC is trading at $106,920, up 1.8% over the past 24 hours.

A recent analysis by a crypto market expert has reignited interest in XRP’s potential utility, especially in the context of Ripple capturing a portion of SWIFT’s global transaction volume. According to the expert, if Ripple secures just 14% of SWIFT’s market share, the implications for XRP’s supply and potential could be significant. XRP’s Potential If Ripple Takes On 14% Of SWIFT Market expert Crypto Eri has emphasized, through detailed mathematical calculations, the impact Ripple, capturing 14% of SWIFT’s total annual cross-border volume, could have on XRP’s supply and daily transactions. Notably, the market expert emphasized that if Ripple were to process such a percentage, which is roughly $4.2 trillion, it would require a surprisingly small portion of XRP’s total supply to support the transaction. According to Crypto Eri’s calculations, the $4.2 trillion annual volume translates to approximately $11.5 billion in daily transaction value. To assess how much the altcoin would be needed to facilitate this, the analyst assumed a deliberately conservative scenario, with each token being used once every three minutes. This is significantly slower than XRP’s actual settlement capability of 3 to 5 seconds but was chosen to reflect the potential liquidity management constraints in real-world applications. With 86,400 seconds in a day and each transaction occupying about 80 seconds, each XRP could be used for up to 480 transactions daily. Moreover, at the current market price of $2.15, Crypto Eri calculated that one XRP could facilitate $1,032 worth of transactions per day. To process the estimated $11.5 billion in daily volume, this would need approximately 11.15 million XRP tokens. This figure is striking when compared to XRP’s circulating supply, which currently stands at around 58.82 billion tokens. Crypto Eri stated that just 0.0190% of this supply would be necessary to handle the calculated transaction volume, reinforcing the idea that XRP’s high velocity and reusability make it a possible efficient bridge asset. Overall, Crypto Eri’s Ripple-SWIFT analysis model presents a compelling case for XRP’s utility in the global payments space. Her calculations and projections have also sparked widespread engagement across the crypto community, with several independent researchers and members concurring with her assessment and contributing their data-driven models to validate the projections further. The Token Burn Rate Estimates For Trillion-Dollar Use Case As XRP’s potential utility in global finance is brought into focus by Crypto Eri, the market expert also offers new insight into XRP’s burn rate in terms of fees needed to facilitate a $5 trillion annual transaction volume. A crypto community member followed up on the analyst’s earlier Ripple and SWIFT calculations by asking how many of the token would be conservatively burned through transaction fees. The analyst estimated that only 5,000 XRP would be permanently burned in the process—an astonishingly small figure considering the massive scale of value being transferred. The estimate assumes an average transaction size of $10,000, which would result in roughly 500 million transactions per year to reach the $5 trillion mark.

Companies around the globe made 60 Bitcoin announcements in five days, signaling a surge in corporate interest. Between June 9 and 13, companies added thousands of BTC to their balance sheets and revealed plans for billions more. This week’s activity shows that more businesses are treating Bitcoin like any other financial asset. Six New Bitcoin Treasuries Open Doors According to data shared by @btcNLNico on X, six firms created fresh Bitcoin treasuries and together added 404 BTC in just one week. American Bitcoin Corp led the pack with an initial purchase of 215 BTC as it moves toward a public merger under the ABTC ticker. Bitmine and Gumi also made their debut in the corporate Bitcoin club. On top of that, 10 companies—including Mercury Fintech, which unveiled an $800 million financing plan—have filed paperwork or announced intentions to set up their own Bitcoin reserves. Trump Media, owned by US President Donald Trump, even registered for a $2.3 billion Bitcoin Treasury deal. Existing Holders Expand Their Stakes Twenty‑three firms bolstered existing Bitcoin piles with 2,188 BTC of new buys. Strategy was the busiest, scooping up 1,045 BTC and closing a $979.7 million IPO on June 10. Remxpoint added 279.9 BTC, KULR took on 118.6 BTC, and Cipher Mining snapped up 111 BTC. Smaller players like Vanadi Coffee and Rocksoft chipped in with between 1 and 10 BTC each. Based on reports, this wave of buying echoes the rush into Bitcoin ETFs—BlackRock’s IBIT fund alone approached $1 billion in inflows over the same stretch. Plans Point To $1.83 Billion In Future Buys Nine companies have spelled out intentions to buy more Bitcoin, potentially fueling $1.83 billion of fresh demand. ANAP has raised funds earmarked for a 585 BTC purchase. Mélioz brought in $32.5 million and set up warrants that could translate into another $69.48 million in Bitcoin. GameStop announced a $2.25 billion convertible note issue, with proceeds tagged for crypto investments. Asset Tokenization And Capital Raises Take Shape Based on reports, some firms are going beyond simple purchases. DDC Enterprise and H100 Group plan to tokenize real‑world assets and use Bitcoin as collateral. The Blockchain Group in France kicked off a €300 million capital program and won shareholder backing to raise up to 10 billion euros. Featured image from Unsplash, chart from TradingView

Augusta Gold (TSX: G; US-OTC: AUGG) has received a letter from the Export-Import Bank of the United States (EXIM) expressing its interest in providing up to $50 million for the company’s Reward project in Nye county, Nevada. In a press release Monday, the Vancouver-based gold developer said the letter outlines EXIM’s preliminary interest in providing a “direct, competitively priced loan” with a potential 10-year repayment term, including an interest-only period. According to the company, its Reward gold project meets EXIM’s policy goals of job creation and required export nexus, with the letter citing Augusta’s experienced management team and potential support from state and local governments. The Reward project is located along the prolific Walker Lane Trend — which has emerged as a hotbed for gold exploration due to its rich production history and discovery potential. Work to date on the property has delineated an estimated 370,000 oz. in reserves grading 0.86 gram per tonne. According to a feasibility study released last September, the Reward project is expected to produce approximately 39,000 oz., with peak production of 47,000 oz., over a 7.6-year life. First production could occur as early as fall 2025, pending funding, the company has said. Designed as a conventional open-pit, heap-leach operation, the mine project is fully permitted and construction-ready. It is expected to have an initial cost of nearly $90 million, plus $32 million in sustaining capital. “This letter of interest from EXIM for over 50% of the project construction cost, marks a significant milestone for Augusta Gold and underscores the strategic importance of the Reward project to domestic mineral production and economic development,” said Don Taylor, CEO of Augusta Gold, in the statement. Once built, Reward would be Augusta’s first mine operation in a highly prolific gold district of Nevada. Moving forward, the Reward project is likely to be integrated with the company’s larger Bullfrog project located 11 km to the northwest. “Our goal is to be a low cost, 150,000 oz. per annum producer in Nevada by 2027,” Taylor previously said. The Reward project is one of several projects for which the EXIM has lined sizeable loans. Also on Monday, the bank expressed its interest in funding the Tanbreez rare earth project in Greenland and the K.Hill manganese project in Botswana. Shares of Augusta Gold closed Monday’s session 4% higher at C$1.02 apiece, for market capitalization of C$87.7 million ($64.6 million).

Inflection Resources (CSE: AUCU / OTCQB: AUCUF) announced Monday it has entered into definitive agreement to acquire an 100% interest in a portfolio of Australian copper-gold exploration projects in New South Wales and the Northern Territory from subsidiaries of Newmont Corporation (NYSE: NEM). The Tennant East project located in Australia’s Northern Territory comprises 12 exploration licenses covering a number of iron oxide copper gold (IOCG) targets which have received minimal exploration work to-date, the company said. The Bell River project is located in the Macquarie Arc in central New South Wales. Inflection said it considers the project to be highly prospective for copper-gold porphyries, with the presence of outcropping lithocaps interpreted to represent the upper parts of preserved porphyry systems. Inflection CEO Alistair Waddell said the acquisition represents the culmination of an extensive evaluation process. “The Tennant East and Bell River projects meet our rigorous selection criteria, particularly regarding the scale and quality of individual exploration targets and concepts,” Waddell said in a news release. These new projects complement our existing New South Wales portfolio and will be explored in parallel with our current AngloGold Ashanti-funded exploration program. We look forward to applying our systematic, systems-thinking exploration approach to unlock the potential of these projects once the transaction is completed.” Last year, Inflection Resources announced a collaboration with Australian microsatellite developer Fleet Space Technologies to pioneer the use of space technology and AI to accelerate the discovery of large-scale copper-gold deposits in Australia’s Macquarie Arc. Inflection Resources stock closed the day down 1.79% in Toronto. The company has a C$30.9 million ($22.8m) market capitalization.

Log in to today’s North American session Recap for June 16. The G7 meeting is advancing and the Iran-Israel conflict is still making headlines. There has been news of advanced US-Canada and US-UK trade talks as the G7 leaders are discussing, we will get some headlines soon. The latest development has seen launches of the largest salve of ballistic missiles by Iran towards Israel and Netanyahu saying that killing Iran's leader Ali Khameini wouldn't "escalate the conflict, it's going to end the conflict". Nevertheless, markets have been in a surprisingly ecstatic mood with Equity indices rallying all around the world – a proof that market expectations for the conflict had been for the worse, as even the latest headlines haven't done much to calm the positive sentiment on the session. Read More: USDJPY rallies within its range ahead of the BoJ Rate Decision Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum has remained in a volatile consolidation phase, trading between the $2,400 and $2,800 levels as geopolitical tensions weigh heavily on global markets. After last week’s failed breakout above resistance, ETH has retraced yet again, struggling to build sustained momentum. The ongoing conflict between Israel and Iran has intensified market uncertainty, contributing to spikes in volatility across risk assets, including cryptocurrencies. Despite the macro headwinds, Ethereum bulls continue to defend key support levels, preventing a deeper breakdown. The $2,400 zone has acted as a strong floor in recent weeks, absorbing sell pressure and keeping ETH within its current trading range. Meanwhile, the $2,800 resistance remains the major hurdle to reclaim for a bullish breakout scenario. Top analyst Jelle shared a technical outlook suggesting that Ethereum is still consolidating below a key resistance area. This structure indicates that ETH is coiling before its next major move. The window for a potential breakout narrows as price tightens within this established range. Ethereum Prepares To Move Ethereum has pushed into a critical price zone, with bulls attempting to hold the $2,600–$2,700 range after recent volatility. The asset has shown resilience, rebounding from last week’s lows and re-entering the mid-range of its multi-week consolidation. With price action once again approaching the $2,800 resistance level, market participants are eyeing a potential breakout that could open the door to $3,000 and beyond. Analysts remain divided. On one side, bullish momentum and improving market sentiment suggest ETH is preparing for a larger move. A confirmed breakout above $2,800 would likely trigger aggressive buying and initiate a broader altcoin rally. Many investors are positioning themselves in anticipation of a rotation from Bitcoin into high-beta assets like Ethereum, hoping to ride the next phase of the cycle. On the other side, caution persists. Some technical analysts argue that Ethereum may still be at risk of losing steam, especially if the price gets rejected again at resistance. A failure to maintain the current range could result in a retracement toward $2,400 support or even lower, shaking out weak hands. According to a recent technical update from Jelle, Ethereum remains locked in consolidation just below its key resistance zone. The analysis points to a tightening structure where the window of opportunity is closing. If ETH breaks above this zone, it could ignite fireworks across the altcoin market. With global uncertainty still present and traders closely watching resistance levels, Ethereum’s next move could define the pace of the broader market. Whether it’s a breakout or a breakdown, the coming days are likely to be pivotal. ETH Price Action: Technical Details Ethereum is currently trading at $2,606, maintaining a tight consolidation range between $2,400 and $2,800 as shown in the 12-hour chart. After multiple rejections around the $2,800 zone, the asset is struggling to break through this resistance level decisively. Despite the volatility triggered by macroeconomic uncertainty and Middle East conflict, ETH has managed to defend the $2,500 area, supported by a rising 100-period moving average. The recent bounce from the lower end of the range suggests that bulls are still active, stepping in to defend critical structure. However, volume remains relatively muted, indicating that buyers are cautious and awaiting confirmation before initiating larger positions. Meanwhile, the 50-period moving average remains above the 200-period MA, hinting at a medium-term bullish bias if support continues to hold. The yellow horizontal zone marks the key resistance Ethereum must clear to trigger a sustained move higher, with a clean break above $2,800 likely igniting upside momentum toward $3,000. If the range breaks to the downside, the $2,400 zone is the next level to watch for demand. Featured image from Dall-E, chart from TradingView

USDJPY has been range-bound between 142.30 and 146.29 since mid-May, following a five-month downtrend. Volatility within the range has remained elevated, driven by a combination of geopolitical developments and key data releases impacting multiple asset classes. From a geopolitical perspective, the conflict between Iran and Israel shows no clear signs of easing, with headlines emerging by the hour. Despite this, US equity markets have largely shrugged off risk-off sentiment, although they have pulled back from their intraday highs. Tonight, between 19:00 and 20:00 ET, the Bank of Japan will announce its latest rate decision. While no rate hike is expected, markets will be closely watching for any adjustments to the pace of government bond purchases. A more aggressive tapering stance could support the yen, while a continuation of dovish policy may keep it under pressure. Read More: Nasdaq leads US Indices as Market mood get euphoric Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Trading at ~$71.37, WTI has fallen by over 2.30% in today’s session, undoing previous gains made in the Asian session. Read more: Asia mid-session: Oil extends gains, Asian equities recovered, and Gold retreated WTI (WTICOUSD): Key Takeaways Rallying to 5-month highs of ~$76.29 on Friday, WTI has retraced in today’s session, but still remains on pace for its best monthly performance since February 2021Owing to the escalating conflict between Israel and Iran, fears of supply disruption surrounding the conflict have boosted crude oil pricing, with recent developments suggesting President Trump will help broker a deal between the two nationsFollowing the initial surge in pricing, comparative easing of geopolitical tensions in the Middle East has allowed crude oil pricing to fall, most notably in the Strait of Hormuz, which remains business as usual WTI (WTICOUSD): Geopolitical tensions boost supply risk premium, crude oil rallies Rallying more than 10% on Friday, news of Israeli airstrikes on Iranian nuclear facilities, and subsequent retaliation, remains the most significant and immediate driver of crude oil pricing. With the Middle East renowned for both global oil production and transit, recent conflict poses a significant risk to international supply, with at least one outcome being a sharp rally in oil prices. close @realDonalTrump, TruthSocial, 13/06/2025 @realDonalTrump, TruthSocial, 13/06/2025 Making reference to previous successes in brokering deals, albeit self-proclaimed, via a TruthSocial post, a general air of comparative optimism surrounds current conflicts, with oil pricing cooling from highs in today’s session. Trump also commented further over the weekend, encouraging negotiations between the two nations. With the recent rally underpinned by a risk to supply, a key development is that the Strait of Hormuz, part of Iran’s territorial waters, remains open as usual, helping pacify market fears. Some worry it could be obstructed, or even completely closed, amid an escalation in the current conflict. In somewhat typical market fashion, geopolitical factors often introduce immediate volatility, but sustained price levels, either higher or lower, require actual change to market fundamentals to stick the landing. Either way, the next few days remain crucial for ongoing negotiations and by extension, crude oil pricing. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Crypto analyst X Force has drawn the crypto community’s attention to a key fractal from 2023, which paints a bullish picture for the Bitcoin price. However, the analyst suggested that a drop to $90,000 could still be on the cards for BTC, although that won’t invalidate the macro setup. Key Fractal Shows Bitcoin Price Is Still Bullish In an X post, X Force highlighted a key fractal from the early phase of the 2023 bull market and noted why it supports the view that the current trend remains bullish. He remarked that the price structure that was observed back then could offer insights relevant to the current analysis, as history often rhymes even though it might not repeat itself exactly. X Force then noted that in 2023, a larger degree wave 1 terminated, followed by a shallow wave 2 that retraced only to the 23.6% to 38.2% Fibonacci levels. The analyst then declared that this interpretation wasn’t just hindsight but it was the only valid count even in real-time. He also raised the possibility of the Bitcoin price creating another low. X Force explained that the context of the micro timeframes is losing weight as every bounce and dump is extremely sensitive to the overall creation of the wave structure. Meanwhile, the analyst indicated that the Bitcoin price could still drop to as low as $90,000 but noted that it is important that BTC remains above this critical support level. In an X post, the crypto analyst stated that as long as the Bitcoin price stays above the $90,000 level, the implications of the shorter-term price action have zero impact on the overall macro trend. X Force added that pullbacks and choppiness are not only healthy but vital to any bull market. A BTC Price Crash Imminent? Veteran trader Peter Brandt has raised the possibility of a Bitcoin price crash happening soon. In an X post, he questioned if November 2021 was happening all over again for the flagship crypto. His accompanying chart showed how that period formed the cycle peak for BTC, following a double top formation. The Bitcoin price then crashed from its all-time high (ATH) of around $69,000 and consolidated for over two years before witnessing another breakout in 2024. The chart indicated that BTC may have formed a double top again following the recent rally to a new all-time high of $111,900. If so, this could mark the end of the cycle’s bull run, with a crash set to follow. However, the chart suggested that BTC could sustain this bull run if it holds above $104,612. At the time of writing, the Bitcoin price is trading at around $106,700, up in the last 24 hours, according to data from CoinMarketCap.