Author: Mengqi | Editor: Mengqi

1. Bitcoin Market

From May 31 to June 6, 2025, the specific trends of Bitcoin are as follows:

May 31: Bitcoin quickly fell after opening, reaching a low of $103,867, then rebounded to $104,900. After a round of adjustment to $103,220, the price showed a fluctuating upward trend, with an intraday high of $104,802, overall performing a "V"-shaped recovery.

June 1: The market maintained a fluctuating pattern throughout the day. Bitcoin slightly rose to $104,889 after opening, then fell back to $103,992. After rebounding to $104,730, it again dipped to $103,870. A late surge occurred, and it finally closed around $104,751.

June 2: Bitcoin maintained a fluctuating upward trend during the day, breaking through $105,274, $105,820, and $105,876. Although there were slight pullbacks, the overall trend was strong. However, near the close, the market showed significant selling pressure, and the price briefly dropped to an intraday low of $103,823, with a slight recovery before closing around $104,350.

June 3: Market sentiment strengthened, and Bitcoin began to rally, reaching an intraday high of $106,500, then faced resistance and fell back to $104,954, but soon surged again, setting a new intraday high of $106,790, showing strong bullish momentum.

June 4: The price trend entered a consolidation phase, overall showing a fluctuating downward trend. Bitcoin fell from $106,668 to around $105,360, with gradually narrowing fluctuations, slightly rising before briefly dipping to $104,365, then immediately recovering to $105,494, closing at $105,485.

June 5: Bitcoin maintained a fluctuating trend throughout the day, slowly retreating from $105,000 after opening, hitting a low of $104,552, then quickly rebounding, with prices fluctuating narrowly around the $105,000 range. A brief surge to $105,816 occurred at the end of the day, but it then turned downward, closing at $104,597.

June 6: Bitcoin continued the downward trend from the previous day, with the decline expanding, quickly breaking through the key support level of $103,000, hitting a low of $100,501, and stabilizing after reaching a temporary low. As of the time of writing, Bitcoin's price slightly rebounded to $101,964, with short-term trends still weak and market sentiment increasingly cautious.

Summary

This week, Bitcoin's trend first rose and then fell, initially showing a gentle upward movement, followed by pressure and a decline, accelerating downward towards the end. On May 31, the price dipped to around $104,000, and from May 31 to June 3, the trend showed a wide range of fluctuating upward movement, reaching a weekly high of $106,790 on June 3. From June 4 to June 6, the market entered a phase of adjustment and consolidation, with the price center slightly shifting downward, and fluctuations gradually converging, oscillating around $105,000, indicating a struggle between bulls and bears in a key range. On June 6, Bitcoin's price fell sharply, hitting a low of $100,501, essentially reversing the gains made during the week. The short-term trend has weakened. Overall, the market has entered an adjustment phase.

Bitcoin Price Trend (2025/05/31-2025/06/06)

2. Market Dynamics and Macroeconomic Background

Capital Flow

1. Exchange Capital Flow: Platform Reserves Hit Historic Low, Reflecting Long-term Holding Signal

According to Cointelegraph, the reserves of Bitcoin on centralized exchanges have fallen to historic lows, indicating that a large amount of BTC is flowing out of exchanges. This trend reflects that large investors (including whales, institutions, and some countries) tend to transfer assets to cold wallets or non-custodial solutions for long-term holding (HODL). Structural capital outflows are generally seen as a bullish signal for the medium to long term, reflecting that major funds remain optimistic about future market trends. Additionally, according to Onchain Lens data, over $558 million in BTC was withdrawn from Binance in just one hour, further confirming the market's strong inclination for long-term holding.

2. Whale Dynamics: Institutional Buying and Chip Rebalancing Coexist

In the past week, the monthly holding growth rate of whale addresses has slowed to 28%, significantly down from previous highs, indicating a weakened willingness of whales to accumulate at high levels. This phenomenon is often seen as a precursor to a slowdown in short-term price increases. However, some institutions are positioning themselves against the trend, such as the Japanese listed company Metaplanet, which continued to increase its Bitcoin holdings during the market adjustment phase, raising its total holdings to a symbolic 8,888 BTC, showing its firm belief in the medium to long-term trend. Furthermore, BlackRock transferred 5,362 BTC through Coinbase Prime, coinciding with over $500 million in net redemptions from its iShares Bitcoin Trust (IBIT) within two days, indicating active asset portfolio rebalancing.

3. Retail Investor Enthusiasm Declines: On-chain Data Indicates Market Has Not Entered a Frenzy Stage
According to CryptoQuant analysis, in the past 30 days, the on-chain transaction volume of Bitcoin involving amounts less than $100,000 has decreased by about 2.45%, indicating that retail participation has not yet reached a frenzy stage. Although some small investors may participate in the market through ETFs or crypto financial platforms, the on-chain capital structure remains a key indicator reflecting investor sentiment. From the current data, overall market sentiment remains within a rational range, with structural frenzy yet to emerge, and the market is more driven by institutions rather than emotions.

4. Liquidity Tightening Risk Rises: Sygnum Bank Warns of Potential "Demand Shock" Trigger
Sygnum Bank's latest market report points out that over the past 18 months, the circulating supply of Bitcoin has decreased by about 30%, leading to a continuous tightening of overall market liquidity. Analysts warn that as ETFs continue to accumulate and governments' interest in Bitcoin reserves rises, the market may face a "demand shock" situation, where the number of buyers far exceeds the available supply. Additionally, the weakening dollar and instability in the U.S. Treasury market have increased Bitcoin's appeal as a safe-haven asset. With multiple factors at play, Bitcoin's price may face a new round of upward volatility in the coming months.

5. Bitcoin ETF Capital Flow: Short-term Outflows Amplified

June 2: -$267.5 million

June 3: +$375.1 million

June 4: +$87 million
June 5: -$278.4 million

ETF Inflow/Outflow Data Image

From a monthly perspective, the U.S. Bitcoin spot ETF recorded a net inflow of $5.2 billion in May 2025, while Bitcoin's price rose by about 11% during the same period, significantly outperforming traditional safe-haven assets. The IBIT saw a net inflow of as much as $5.9 billion in a single month, while Grayscale and ARKB recorded outflows of $321 million and $292 million, respectively. The shift in market sentiment partly stemmed from a significant outflow of $430 million from BlackRock's iShares Bitcoin Trust (IBIT) on May 30, ending its previous record of 34 consecutive trading days of net inflows, which was seen as a landmark signal of a shift in ETF market capital attitudes. Nevertheless, the overall inflow scale of Bitcoin ETFs in May exceeded that of gold ETFs during the same period, indicating that Bitcoin is gradually consolidating its position in global institutional asset allocation. Despite short-term volatility, the market remains highly attentive to its medium to long-term potential. Against the backdrop of a significant price correction at the end of this week, capital outflows rapidly amplified, reflecting a retreat in institutional risk appetite and a rise in safe-haven sentiment, necessitating caution regarding the suppressive effect of outflow trends on short-term price movements.

Technical Indicator Analysis

1. Relative Strength Index (RSI 14)

According to Investing.com data, as of June 6, the 14-day Relative Strength Index (RSI) for Bitcoin (BTC) is 35.361.

The commonly referenced range for RSI is 0-100, with values above 70 typically indicating overbought conditions and below 30 indicating oversold conditions. The current RSI value is close to the 30 edge, indicating a relatively low position, showing that the market has certain oversold signals in the short term, suggesting significant downward pressure, but may also be nearing the edge of a technical rebound. If the RSI continues to approach or fall below 30, attention should be paid to whether a temporary bottom rebound opportunity forms.

2. Moving Average (MA) Analysis

5-day Moving Average (MA5): $103,528.45

20-day Moving Average (MA20): $105,640.98

50-day Moving Average (MA50): $95,754.90

100-day Moving Average (MA100): $94,173.16

200-day Moving Average (MA200): $87,225.29

Current Market Price: $101,724.20

MA5, MA20, MA50, MA100, MA200 Data Image

In the short term, Bitcoin's current price has significantly fallen below MA5 and MA20, indicating a weak short-term trend, with the market lacking upward momentum. MA5 has turned downward and shows signs of a death cross with MA20, which may further exacerbate short-term pullback expectations.

In the medium to long term, the price remains above MA50, MA100, and MA200, indicating that the medium-term trend still maintains an upward structure. However, if the price continues to break below the $100,000 integer level, it may trigger more technical selling pressure, seeking support at MA50 or even MA100.

Overall, short-term pressure signs are evident, and without an effective rebound, there is a risk of continuing to test lower support; while the medium to long-term trend has not been substantially damaged, attention should be paid to whether it can stabilize above $100,000.

3. Key Support and Resistance Levels

Support Levels: The current short-term key support levels are at the $100,500 and $100,000 integer levels. Among them, $100,000 is an important psychological support level, not only a key integer level on the technical front but also an important anchor point for market sentiment. On June 6, Bitcoin quickly rebounded after hitting a low of $100,501, indicating that buying activity became active near this level, initially validating its effectiveness as short-term support. If this level is subsequently lost, attention should be paid to the support performance in the previous low range of $98,500-$99,000, with further support potentially looking down to MA50 (around $95,754).

Resistance Levels: The current short-term resistance levels are concentrated in the $102,000-$103,000 range, where a rebound was blocked on June 6, indicating that selling pressure above remains significant. If the price can effectively break through and stabilize in this area, it may further challenge the $104,000-$105,000 line, which is the key resistance area for the medium term. Additionally, MA20 ($105,640) also constitutes dynamic resistance, serving as one of the technical signals for bulls to regain dominance.

Overall, Bitcoin is currently in a fluctuating adjustment phase between important support and resistance, and the gain or loss of $100,000 will directly affect the future trend direction. If this level holds, the market may build a temporary bottom and prepare for a rebound; conversely, if it breaks, it may trigger a new round of downward movement, necessitating close attention to whether the support from multiple cycle moving averages below is effective. If the upper resistance of $103,000 cannot be quickly broken, the rebound remains a weak repair, and the market is likely to fall into sideways consolidation.

Market Sentiment Analysis

1. High Position Retreat, Cautious Observation

This week, the overall market sentiment exhibited characteristics of a high position retreat and cautious observation. As Bitcoin slightly rose and broke through the $106,000 line at the beginning of the week, bullish enthusiasm warmed up momentarily but could not be sustained. The significant drop to $100,501 on June 6 severely impacted market confidence, leading short-term traders to become conservative, with cautious sentiment gradually rising.

2. Key Sentiment Indicator (Fear and Greed Index)

The Fear and Greed Index serves as an important tool for measuring investor sentiment in the crypto market and can effectively reflect changes in market risk appetite. As of June 6, the index reported 46, positioned at the lower end of "Neutral," indicating that market sentiment has significantly retreated from the previously optimistic area to a more cautious level.

Looking back at this week (May 31 to June 5), the daily values of the index were: 55, 56, 57, 58, 57, 55, 55. Overall, the index maintained a relatively optimistic range of 55-58 during the first six days of the week, representing a decent market risk appetite. However, after the sharp price drop on June 6, the index plummeted to 46, indicating a clear risk-averse state in the market. Compared to last week's average (around 68), the overall sentiment shows a continuous weakening trend, suggesting that capital sentiment is cooling, and short-term selling pressure from major funds is increasing.

Fear and Greed Index Data Image

Macroeconomic Background

U.S. Policy and the Impact of the Trump Administration

The Trump administration has recently taken an open stance towards cryptocurrencies, promoting a clear regulatory framework to encourage institutional participation, which has boosted Bitcoin's rise. Meanwhile, the introduction of the "TRUMP" token has sparked ethical controversies, with mixed market reactions. Additionally, a U.S. court ruled on May 28 that its tariff policy exceeded presidential authority, interpreted by the market as a limitation on executive power, favoring market liberalization, indirectly boosting investor confidence in risk assets like Bitcoin.

Stablecoin Legislation and Macroeconomic Data

On June 4, the U.S. House of Representatives held a hearing on stablecoin legislation, aiming to provide a clearer regulatory framework for stablecoins. Furthermore, the U.S. Bureau of Labor Statistics is set to release its monthly employment report on June 6, which may impact the Federal Reserve's interest rate decisions and subsequently affect market sentiment for risk assets like Bitcoin.

Political Disputes Trigger Market Volatility

On June 5, Elon Musk and former President Donald Trump engaged in a heated exchange on social media regarding trade policies, government intervention, and technological control. Given their high influence in the financial and cryptocurrency markets, this dispute was interpreted by the market as a signal of potential political uncertainty, triggering some investors' short-term risk-averse behavior, contributing to the significant drop in Bitcoin on June 6, highlighting the current market's sensitivity to policy and high-level opinion risks.

3. Hash Rate Changes

From May 31 to June 6, 2025, the Bitcoin network hash rate exhibited fluctuations, as detailed below:

On May 31, the network hash rate surged significantly, rising from 868.43 EH/s to a peak of 1098.21 EH/s, slightly retreating by the end of the day to close at 1080.74 EH/s, indicating a rapid accumulation of computing power in the short term. On June 1, the hash rate showed an overall downward trend, sequentially falling to 968.91 EH/s, 862.76 EH/s, and 829.97 EH/s, but slightly rebounded to 862.69 EH/s before the day ended, indicating that some computing power came back online after adjustment. On June 2, the hash rate experienced fluctuations during the day, briefly spiking to 934.67 EH/s, then quickly dropping to 786.03 EH/s, ultimately stabilizing around 850 EH/s, reflecting instability in computing power scheduling. On June 3, the hash rate surged again, reaching a high of 1034.89 EH/s, but then continued to decline, first dropping to 950 EH/s, and finally closing at 850.11 EH/s, with significant volatility possibly related to temporary shutdowns or reconnections of some mining farms. On June 4, the hash rate remained relatively low, initially rising slightly to 835.79 EH/s, then slowly declining to a low of 743.47 EH/s, and finally rebounding to 832.02 EH/s. On June 5, the hash rate first rose to 841.49 EH/s, then fell back to 773.23 EH/s, indicating that some computing power temporarily exited. However, the overall pullback was limited, and by the end of the day, it had recovered to 841.27 EH/s, reflecting stable network operation. On June 6, the hash rate continued to rise, stabilizing around 865 EH/s as of the time of writing, continuing the upward trend from the previous day.

Overall, from May 31 to June 3, Bitcoin's hash rate showed wide fluctuations, reflecting frequent dynamic adjustments of miners' computing power and significant volatility in network hash rate. From June 4 to June 6, the amplitude of the hash rate gradually narrowed, indicating that network computing power is tending towards stability. Overall, the current computing power level remains high. Short-term fluctuations remind the market to pay attention to how the miners' operating environment and cost changes impact computing power, which may exert some pressure on Bitcoin's short-term price trends.

Bitcoin Network Hash Rate Data

4. Mining Revenue

According to YCharts data, the daily total revenue of Bitcoin miners (including block rewards and transaction fees) for this week is as follows: May 31: $52.78 million; June 1: $43.81 million; June 2: $44.02 million; June 3: $48.10 million; June 4: $41.91 million; June 5: $44.00 million. From an overall trend perspective, miners' average daily total revenue this week roughly maintained in the range of $42 million to $53 million. Despite some pullback, it remains in a historically high range, indicating that under the support of Bitcoin prices and decent trading activity, miners' earnings are still stable and sustainable.

In the past week, the unit revenue (Hashprice) of the Bitcoin network has shown an overall downward trend. As of June 6, Hashprice reported $51.25 per PH/s per day, significantly down from last week's high. Since reaching a high of $57.12 per PH/s per day on May 29, Hashprice has continued to decline, dropping sharply to $51.85 per PH/s per day on May 31, and then fluctuating within a narrow range of $51 to $53 per PH/s per day. On June 6, it saw a slight decrease again, hitting a low of $50.66 per PH/s per day. Currently, Hashprice is at a relatively low level on a monthly basis, but from a quarterly perspective, it remains in the upper range, indicating that while unit revenue is under pressure due to declining transaction fees and increasing computing power, the overall profit margin has not been completely compressed. The future direction of Hashprice will be primarily influenced by Bitcoin prices, on-chain trading activity, changes in fee structures, and the adjustment rhythm of network computing power and difficulty, with a focus on changes in trading volume and potential adjustments in mining farm electricity costs in the short term.

According to The Block data, Bitcoin miners' total revenue reached $1.52 billion in May 2025, up about 28.8% from $1.18 billion in April 2024. The revenue growth was mainly driven by the sustained rise in Bitcoin prices in May, leading to higher earnings for miners from block rewards and transaction fees. According to The Block data, Bitcoin miners' total revenue in May 2025 reached $1.52 billion, reflecting strong profitability compared to $1.18 billion in April 2024, showing robust earnings potential. This growth was primarily driven by rising Bitcoin prices, along with increased on-chain trading volume and a higher proportion of transactions with significant fees providing additional revenue sources for miners. The capital inflow driven by the ETF market and policy expectations has enhanced market trading activity, further boosting miners' overall revenue levels. Although market sentiment has somewhat retreated in early June, from a monthly perspective, the mining industry remains in a profitable cycle.

Hashprice Data

Monthly Revenue Data of Bitcoin Miners

5. Energy Costs and Mining Efficiency

According to BTC.com data, the Bitcoin network completed a new round of mining difficulty adjustment on May 31, 2025, at 08:01:30 (block height 899,136), with this round of difficulty increased by 4.38%, raising it to 126.98 T, setting a new historical high, further raising the output threshold for all miners in the network. As of June 6, according to real-time data from CloverPool, the total computing power of the Bitcoin network is 881.36 EH/s, still operating at a high level. The next difficulty adjustment is expected to occur around June 14, with a potential downward adjustment of 1.10%, to 125.59 T. This trend indicates that some high-cost mining farms or small-scale miners may have exited or shut down recently, leading to a structural contraction in computing power, possibly related to seasonal increases in electricity prices and marginal profit compression caused by Bitcoin price fluctuations.

From the perspective of mining costs, according to the latest model calculations from MacroMicro, as of June 4, 2025, the unit production cost of Bitcoin is approximately $97,902.76, while the spot price during the same period is $104,731.98, resulting in a mining cost-to-price ratio of 0.93. This ratio is within a healthy range, indicating that current Bitcoin mining activities still possess considerable profit margins on a macro level. Despite the network's computing power remaining high and difficulty at historical peaks, mainstream mining farms can still maintain positive cash flow due to higher electricity usage efficiency and better energy consumption ratios.

Overall, Bitcoin mining remains within a profitable range, despite high network computing power and mining difficulty, and unit revenue is under pressure. However, benefiting from sustained high Bitcoin prices and support from transaction fees, mainstream mining operations remain stable. As summer approaches, rising electricity prices in some regions may compress marginal miner profits, and high-energy old models face elimination pressure, accelerating the industry's transition to efficient and low-consumption equipment. In the future, miners' profitability will be influenced by multiple factors, including electricity prices, difficulty adjustment rhythms, and price fluctuations, necessitating ongoing attention to climate, energy policies, and changes in computing power deployment in major mining areas.

Bitcoin Mining Difficulty Data

6. Policy and Regulatory News

U.S. Senator Lummis: Financial Security is National Security, the U.S. Should Establish Strategic Bitcoin Reserves

On June 4, U.S. Senator Cynthia Lummis stated on social media that financial security is national security, and the U.S. should establish strategic Bitcoin reserves. She mentioned that U.S. military leaders also support this claim.

California Assembly Passes Bitcoin Payment Bill Unanimously

On June 4, the California Assembly passed a bill allowing the state to accept payments in Bitcoin and digital currencies with a vote of 68 in favor and 0 against. The bill will be submitted to the Senate for review.

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7. Mining News

IMF Expresses Concerns Over Pakistan's Bitcoin Mining Plan

On May 31, amid energy shortages and budget negotiations, the International Monetary Fund questioned Pakistan's plan to allocate 2,000 megawatts of electricity for Bitcoin mining, which was announced last week to attract independent miners, blockchain companies, and AI firms to Pakistan. The IMF has requested urgent clarification from Pakistan's Ministry of Finance regarding the legality of cryptocurrency mining and electricity allocation, especially given the country's long-standing energy shortages and fiscal pressures. It is reported that the Pakistani government did not consult the IMF before announcing this decision. Additionally, the IMF expressed concerns about the potential impact of cryptocurrencies on Pakistan's electricity prices and resource allocation, and it is expected that the two sides will arrange a separate meeting to specifically discuss this Bitcoin electricity plan.

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Bitcoin Mining Companies Marathon Digital and Core Scientific Sued Over Crypto Patent Infringement

On June 3, Cointelegraph reported that Malikie Innovations has recently sued Bitcoin mining companies Marathon Digital and Core Scientific, accusing them of infringing on its patents related to elliptic curve cryptography (ECC). The company acquired 32,000 "non-core" patents from Blackberry in 2023. The lawsuit claims that the defendant mining companies used the patented technology owned by Malikie in their Bitcoin mining operations.

Legal expert Aaron Brogan stated that such lawsuits typically do not target individual Bitcoin users but may have significant financial implications for the defendant mining companies, facing potential royalty claims for up to six years if they lose. AMLBot's legal director Niko Demchuk believes that if the involved patents have expired or only cover technologies prior to Bitcoin's ECC implementation, Malikie's claims may be difficult to establish. The outcome of this case will depend on the specific patent scope and court interpretations.

8. Bitcoin News

Global Enterprises and Countries' Bitcoin Holdings (This Week's Statistics)

1. Trump Media Group: On May 30, Trump Media Group completed approximately $2.44 billion in private financing, planning to use about $2.32 billion to establish Bitcoin reserves, becoming one of the companies with the largest Bitcoin holdings among U.S. listed companies.

2. U.S. Bitcoin Spot ETF: On May 31, according to HODL15Capital data, the U.S. Bitcoin spot ETF holds approximately 1.205 million BTC, with BlackRock's IBIT leading with about 660,000 BTC, followed by Fidelity's FBTC and Grayscale's GBTC.

3. El Salvador: On June 1, mempool data showed that El Salvador currently holds 6,194.18 BTC, valued at approximately $646 million, continuing to lead in national-level Bitcoin holdings.

4. DDC Enterprise: On June 1, cross-border consumer goods e-commerce group DDC Enterprise increased its holdings by 79 BTC, completing its initial plan to purchase 100 BTC, and plans to increase its holdings to 5,000 BTC over the next 36 months.

5. Jetking: On June 1, Jetking added approximately 6 BTC to its holdings, bringing its total to 21 BTC, with a cumulative investment of approximately $1.59 million, achieving a 31.05% return on Bitcoin investment in 2025.

6. Reitar Logtech: On June 2, the U.S.-listed company Reitar Logtech announced a Bitcoin acquisition plan of up to $1.5 billion to enhance financial stability and promote logistics technology development.

7. The Blockchain Group: On June 3, the company spent €60.2 million to acquire 624 BTC, increasing its total holdings to 1,471 BTC, continuously expanding its Bitcoin reserves.

8. K33: On June 3, the listed company K33 purchased 10 BTC for 10 million Swedish Krona and included it in its balance sheet, further improving its digital asset allocation.

9. Bitmine: On June 5, mining company Bitmine plans to raise $18 million through an IPO to purchase Bitcoin and will be listed on NYSE American under the ticker "BMNR."

10. Strike: On June 5, Bitcoin payment application Strike announced that its balance sheet now holds 1,500 BTC, ranking among the top 25 global enterprises.

Metaplanet CEO: Volatility is Not a Bug of Bitcoin, But a Signal and "Fuel"

On June 1, Simon Gerovich, CEO of the Japanese listed company Metaplanet, which adopts a Bitcoin treasury strategy, stated on the X platform that volatility is not a bug of Bitcoin, but a signal, an energy, a fuel. Volatility drives Bitcoin's flywheel, accelerating its accumulation. Most importantly, Bitcoin's volatility is attractive to capital.

Analysts: Bitcoin Fundamentals Remain Bullish, Long-term Holders Continue to Accumulate, Forming Buffer Support

On June 1, CryptoQuant analyst Axel Adler Jr stated that despite Bitcoin's price briefly retreating to the $103,000-$104,000 range, the fundamentals remain bullish: exchange reserves continue to decrease, corporate purchases continue to pressure supply, while long-term holders continue to accumulate, forming a buffer below the market.

At the same time, the macro situation presents mixed signals: PCE inflation slowing has alleviated some of the Federal Reserve's policy pressure, but tariff uncertainties and rising yields have reinforced a risk-averse atmosphere, suppressing the market's growth willingness. The benchmark scenario for next week is for Bitcoin's price to consolidate between $103,000 and $110,000 until new driving factors emerge. If trading volume expands and momentum breaks through 20%, accompanied by a breakthrough above $110,000, it would confirm that the market is preparing to test the $115,000-$120,000 range. Conversely, if net capital inflows turn positive and the price falls below $100,000, it may signal a deeper correction.

Analysis: Bitcoin Consolidates at $105,500, but the Market May Be in the Early Stages of a New Super Cycle

On June 2, Bitcoin's current trading price is around $105,500, near a key support level, with market sentiment cautious. Analysts point out that this level may be a watershed for short-term directional choices; if it breaks, it may test support near $103,000, while if it holds, it may challenge $115,000 again. On the other hand, despite significant short-term market volatility, analysts indicate that the long-term outlook remains optimistic. BTC Markets cryptocurrency analyst Rachael Lucas believes that since the long-term upward trend has not been broken, it is expected to challenge the $115,000 level again, and the market may currently be in the early stages of a new super cycle.

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As of May, the Number of Wallets Holding Over 1,000 Bitcoins Has Increased to 1,455

On June 3, it was reported that as of May 2025, the number of wallets holding over 1,000 Bitcoins has risen to 1,455, indicating that whales have begun accumulating again.

Trump's Eldest Son: After Being Unable to Obtain Banking Services, the Family Goes All In on Bitcoin and Cryptocurrencies

On June 3, Donald Trump Jr. stated in an interview with CNBC that after being unable to obtain banking services, his family chose to go all in on Bitcoin and cryptocurrencies.

U.S. Bitcoin Holdings Completely Outpace Gold: Nearly 50 Million Hold Over $11,000 Each

On June 5, it was reported that in 2025, the number of people in the U.S. holding Bitcoin and the amount held significantly surpassed that of gold. Data shows that currently, 49.6 million Americans hold Bitcoin, with an average holding amount of $11,089; while only 36.7 million people hold gold, with an average holding amount of only $1,512. Analysts believe that cryptocurrencies have become a mainstream asset choice.

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