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TRX $0.3565 +0.07%
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ADA $0.2516 +0.64%
BCH $380.67 +1.28%
LINK $9.74 +2.35%
HYPE $47.50 +4.42%
AAVE $89.12 +1.02%
SUI $1.06 +2.41%
XLM $0.1465 -1.26%
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Analysis: Bitcoin is oscillating between favorable regulations and rising yields, with continuous outflows from ETFs putting pressure on prices

According to Decrypt, the price of Bitcoin remains around $80,350, with a short-term increase of only 0.8%, continuing to face pressure after multiple attempts to break through the $82,000 resistance level failed. This range is seen as a combined resistance level of the ETF cost line, the 200-day moving average, and the CME gap filling area. Although the U.S. CLARITY Act has passed the Senate Banking Committee, bringing positive expectations for crypto regulation, institutional funds continue to withdraw.Data shows that the net outflow of the U.S. spot Bitcoin ETF has decreased to an average of -$88 million per day over the past seven days, marking the largest outflow since mid-February. Analysts believe that this round of selling pressure is more about "profit-taking" rather than panic selling. On a macro level, rising U.S. Treasury yields have become a core source of pressure. The yield on the U.S. 10-year Treasury bond has risen to about 4.52%, reaching a 10-month high, while the April CPI has increased by 3.8% year-on-year, the highest level in three years, further delaying market expectations for a Federal Reserve interest rate cut.Analysts point out that geopolitical conflicts are driving up energy prices, exacerbating inflationary pressures, thereby weakening the appeal of risk assets. From an institutional perspective, some analysts believe that the current outflow of ETF funds is part of portfolio rebalancing rather than a trend-based withdrawal.The options market shows that Bitcoin faces significant resistance in the $82,000-$84,000 range, while $77,000 is a key support level. If the price falls below this range and leverage does not cool down, the market may enter a deleveraging phase, increasing the risk of a correction.

Gate Research Institute: The oscillating low volatility pattern continues, and the demand for bullish spread options has increased

According to observations from Gate Research Institute, this Friday will see approximately $2 billion in concentrated BTC and ETH options expiration, while the implied volatility (IV) for BTC and ETH remains at 43% and 61%, respectively, still within a recent low range. Over the past week, the 25-Delta Skew for BTC and ETH has shown a low-level repair and negative bias convergence trend, with the short-term (7D) improvement being the most significant, reflecting a noticeable cooling in short-term downside protection demand. Meanwhile, large trades buying BTC-300126-100000-C have accumulated approximately 3,000 BTC, with a net premium expenditure of about $3.2 million, indicating that mainstream funds are more inclined to position themselves with bullish structural strategies above key support levels.Gate has exclusively launched a convenient options trading tool—rolling sell options product, which assists users in automatically and continuously selling options within a set period. Users can customize Delta/Strike contract selection, expiration date settings (T+1/T+2/T+3), selling price execution methods, quantities, and optional take-profit and stop-loss parameters. The strategy will automatically execute opening positions daily and seamlessly transition to the next period after expiration, achieving fully automated operation. This feature supports clear risk indicator displays, margin estimates, expected trading paths, and other auxiliary information to help users manage strategy execution more intuitively.

Glassnode: The options market strengthens the range-bound pattern of Bitcoin, with the oscillation range between $81,000 and $95,000

glassnode published this week's market analysis stating that the market continues to fluctuate within a fragile and time-sensitive structure, influenced by significant supply, rising realized losses, and persistently weakening demand. Prices were blocked around $93,000 and subsequently fell back to $85,600, reflecting the dense supply accumulated in the $93,000 to $120,000 range, with previous strong buyers continuously suppressing the price rebound.As long as the price remains below the 0.75 percentile (approximately $95,000) and fails to return to the short-term holding cost benchmark of $101,500, the upside potential may be limited. Despite the pressure, patient demand has so far kept the real market average around $81,300, preventing further price declines. Spot demand remains selectively strong, corporate capital flows are intermittent, and futures positions continue to reduce risk rather than rebuild confidence.The options market has reinforced this range-bound pattern, with near-month contract volatility narrowing, and while downside risks remain, they are relatively stable, with expiration-driven positions limiting price movements until late December. In summary, Bitcoin is currently caught between structural support around $81,000 and ongoing selling pressure above. For a substantial shift to occur, either sellers need to exhaust all selling above $95,000, or new liquidity needs to flow in to absorb supply and reclaim the critical cost basis level.

4E: The cooling of CPI has not changed the oscillating pattern, Bitcoin holds steady at key support

ChainCatcher news, as of June 12, 2025, 14:00 (UTC+8), Bitcoin (BTC) is priced at $107,745, down about 2.3% from the 48-hour high of $110,277. The price has temporarily stabilized after testing the support at $107,500, and is still in a high-level consolidation range. Ethereum (ETH) is hovering around $2,800, and the overall trading volume in the crypto market has slightly decreased, with funds becoming more cautious.The latest U.S. CPI for May showed a month-on-month increase of 0.1% and a year-on-year increase of 2.4%, with core CPI year-on-year at 2.8%, all below market expectations, reflecting a continued moderate decline in inflation. Following the data release, U.S. Treasury yields fell, the dollar weakened, gold prices rose, and risk assets received a short-term boost, but the reaction in crypto assets was relatively mild, indicating that the market has partially priced in expectations of slowing inflation.Despite the favorable data for easing expectations, the Federal Reserve is likely to maintain interest rates at the upcoming rate meeting. Analysts generally believe that the window for rate cuts may be pushed back until after September. Policy uncertainty continues to constrain the market's willingness to take long positions.In addition, Société Générale announced that it will issue a dollar stablecoin in July, and the G7 summit will also discuss multinational regulatory cooperation on crypto assets. The ongoing involvement of traditional finance and regulatory agencies is driving the crypto industry towards compliance and institutionalization, laying the foundation for medium- to long-term development.
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