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Gate Research Institute: June market structural adjustment, funds concentrated on impulse volume opportunities

Gate Research Institute recently released the market report titled "June Market Structural Adjustment, Funds Concentrated on Impulsive Volume Opportunities," indicating that in June 2026, the cryptocurrency market weakened again under the multiple influences of macro pressure, institutional capital outflows, and a decline in risk appetite.From the market structure perspective, June did not see a widespread recovery, but rather a localized profit effect driven by a few long-tail assets. About 71% of the top 500 tokens recorded a decline, with only a quarter achieving an increase. BTC, ETH, and most mainstream assets faced pressure simultaneously, while low market cap tokens like CYDX, ANSEM, VELVET, SYN, and CX recorded increases of several times or even hundreds of times due to event catalysts and capital speculation, significantly raising the overall average returns.Volume analysis shows that the average trading volume amplification factor for 450 valid samples is 2.54x, with a median of only 0.49x. Only 17 tokens had a volume increase of more than 3 times, and 8 tokens exceeded 10 times. TEMPLE (289.05x), CX (259.13x), and MTBILL (128.15x) ranked at the top of the volume list.Overall, the market in June is still in a phase of shrinking risk appetite, and true recovery signals still need to be observed in the stabilization of leading assets like BTC and ETH, as well as the re-diffusion of funds from long-tail speculation back to mainstream assets.

Ansem: Pessimism has reached an extreme, and the current entry point for Bitcoin is a good trading opportunity

Crypto KOL Ansem reiterated the long-term investment logic of Bitcoin, stating that despite previously holding a bearish stance, the current price level presents a good buying opportunity. He pointed out that the core narrative of Bitcoin as the hardest currency remains unchanged—it's not subject to government seizure, can be transferred across borders instantly, and is not affected by the long-term depreciation of the dollar, making it an ideal vehicle for long-term wealth storage. The performance of gold outpacing Bitcoin between 2024 and 2025 temporarily undermined the "digital gold" narrative, but he believes that as long as price momentum rebounds, market confidence can be restored.On a macro level, Ansem believes that with the reopening of the Strait of Hormuz and the expected easing of inflationary pressures, the Federal Reserve's hawkish stance may be nearing its peak, at which point both Waller and the Federal Reserve will have room to cut interest rates rather than continue raising them; the strength of the dollar and rising interest rates exert pressure on gold, but if profits from AI stocks flow into real estate, cash, and long-term value storage assets, both gold and Bitcoin will benefit; institutional investors like Paul Tudor Jones still show interest in Bitcoin.Previously, Ansem candidly admitted to being bearish on Bitcoin due to Saylor's (founder of Strategy) position risk, once believing that $60,000 would be hard to maintain, but he stated he is now responding to buy signals. He noted that the current price action has priced in the worst-case scenario of Saylor being forced to sell, and even if he truly needs to sell, it would not happen for at least six months. He concluded that Bitcoin is currently at the intersection of long-term historical support levels and the most pessimistic market sentiment he has observed, making entry at the beginning of Q3 a trading opportunity worth paying attention to.

a16z Crypto Operating Partner: Capital flow is the moat, and there are plenty of opportunities for crypto entrepreneurs

a16z Crypto Operating Partner Jason Rosenthal posted on the X platform that cash flow is the moat. The best companies often establish themselves by placing themselves in the "cash flow," and cryptocurrency is the first modern technology born for this purpose. If your startup has not designed its products and business models around these principles, you will miss a great opportunity. Thanks to stablecoins, funds and value can now flow at the speed of the internet—global settlement, 24/7 uninterrupted, with end-to-end programmability.Railway companies do not make money from locomotives, but from every ton of goods that pass through the tracks; companies like Visa and Jane Street are all part of the cash flow. Cash flow combined with network effects is one of the most enduring business structures in history. There is a lot of profit margin in traditional financial services, and processes such as payments, custody, lending, foreign exchange, settlement, and market making can all be compressed. Crypto entrepreneurs have the opportunity to build the next generation of cash flow businesses that are programmable, instant, and global.This model can also be extended to computing, GPU markets, AI training data, energy, robotics, space, rare earth metals, and other fields. Founders should ask themselves: Are you in the cash flow? When the value of product activities grows tenfold, does your revenue grow accordingly? In your target market, where are the segments with the highest profit margins relative to the value created?
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