Bitcoin Price Holds Below $110K as QCP Sees ‘Tight Range’; Altcoins Outperform

By James van Straten (first of all, unless stated otherwise)

Bitcoin

Treasury-Holding companies remain an important engine of Momentum as the largest cryptocurrency by market capitalization transactions just below $ 110,000, an increase of 2% in the last 24 hours, and only 2% below the record height set last month.

Yet it performs behind the wider market, as measured by the Coindesk 20 -Index, which has won 3.4%, and Ether

which is more than 6% higher, according to Coindesk data.

According to Bitcointreasuries.netThe number of listed companies that retain Bitcoin as a Treasury assets has risen to 126, that is the growth of 22 in just 30 days. Together about 819,000 BTC, an increase of 3.25% in the same period.

Analysis of Matthew SigelThe head of Digital Assets Research at Vaneck, underlines the growing institutional firepower focused on Bitcoin. He emphasizes that the combined capital increase potential of companies such as Strategy (MSTR), Cantor Equity Partners (CEP), Asset Entities (ASST), Semler Scientific (SMLR), friendly (NAKA) and Trump Media & Technology Group (DJT) amounts to $ 76 billion.

That amount represents 56% of the assets management (AUM) of all Bitcoin ETFs and 169% of the total net intake in these ETFs in the past 16 months.

Here is another illustration of institutional support: Blackrock’s Ishares Bitcoin Trust (IBIT) became the fastest fund to exceed $ 70 billion in AUM, where the milestone was reached in just 341 days. That overshadows the record of SPDR Gold Shares (Gld), which lasted 1,691 days, according to Bloomberg ETF analyst Eric Balchunas. On Monday alone, IBIT saw $ 2.7 billion in trade volume and became sixth among all ETFs per day volume.

Yet settings are not the only influence. A recent telegram memorandum of QCP capital pointed to one-year lows in implicit volatility and a pattern of modest price action, and noted that BTC was “stuck in a tight range” as the center of the year approaches.

A clean break of less than $ 100,000 or more than $ 110,000 is needed to rinse “broader market interests,” wrote it.

In the meantime, US CPI, Wednesday, and any news of the American commercial interviews in London in London can help give a stronger direction to the market. Stay alert!

Crypto
- June 10, 10 am: US House Final Services Committee hearing For the preparation of various measures, including the invoice of the crypto market structure, ie the Digital Asset Market Clarity (Clarity) Act.
- June 11, 7 am: Stratis (Strax) Activates Mainnet hard fork at block 2.587.200 to enable the Masternode set -out protocol.
- June 12, 10 am: Coinbase’s State of Crypto Summit 2025 (New York). Livestream -Link.
- June 16: 21Shares conducts one 3- Out-1 part Split For Ark 21Shares Bitcoin ETF (ARKB); Ticker and NAV remain unchanged.
- June 16: Brazili’s B3 Exchange launch USD-Settled Ether (0.25 ETH) and Solana (5 Sol) Futures contracts, approved by the securities regulator of Brazil, the Comissão de Valores Mobiliários (CVM) and Benchmarkt to Nasdaq Indices.
Macro
- 10 June, 8 hours: The Brazilian Institute for Geography and Statistics (IBGE) Releases can be data from the consumer price Inflation data.
  - Inflation Mom Prev. 0.43%
  - Inflation percentage Yoy Prev. 5.53%
- 11 June, 8.30 am: The US Bureau or Labor Statistics (BLS) Releases can be data from the consumer price inflation data.
  - Core inflation Mom Est. 0.3% versus last. 0.2%
  - Core inflation Yoy Est. 2.9% versus last. 2.8%
  - Inflation mom est. 0.2% versus last. 0.2%
  - Inflation percentage Joj Est. 2.5% versus last. 2.3%
- June 12, 8.30 am: The US Bureau or Labor Statistics Releases May producer Price Inflation data.
  - Core ppi mom est. 0.3% versus last. -0.4%
  - Core PPI Yoy Est. 3.1% versus last. 3.1%
  - Ppi mom est. 0.2% versus last. -0.5%
  - PPI YOY EST. 2.6% versus last. 2.4%
- June 12, 3 p.m.: Argentina’s National Institute of Statistics and Census Releases May Inflation data.
  - Inflation Mom Prev. 2.8%
  - Inflation percentage Yoy Prev. 47.3%
Gain (Estimates based on FactSet -data)

Token -Events

Governance votes and calls
Unlock
- June 12: APTOS (APT) to unlock 1.79% of its circulating stock worth $ 53.61 million.
- June 13: Inceaful (IMX) to unlock 1.33% of its circulating stock worth $ 12.82 million.
- June 15: Starknet (Strk) to unlock 3.79% of its circulating stock worth $ 16.90 million.
- June 15: SEI (SEI) to unlock 1.04% of its circulating stock worth $ 10.59 million.
- June 16: Arbitrum (ARB) to unlock 1.91% of its circulating stock worth $ 32.21 million.
- 17 June: ZKSync (ZK) to unlock 20.91% of its circulating stock worth $ 41.25 million.
- 17 June: Apecoin (APE) to unlock 1.95% of its circulating stock worth $ 10.88 million.
Token launches
- June 16: Advised deadline To sail Static as part of Lido in the Sunset process of Polygon ends
- June 26: Coinbase to quit Helium Mobile (Mobile), Render (RNDR), Ribbon Finance (RBN) and Synapse (Syn).

Conferences

The Coindesk Policy & Regulation Conference (previously known as State of Crypto) is a one-day boutique event that is held in Washington on 10 September, with which general advice, compliance officers and regulatory managers are able to meet officials responsible for crypto legislation and regulatory supervision.

Token talk

By Oliver Knight

The SEC announced special exemptions for Defi projects on Monday, so that the tokens of Aave (Aave) and Uniswap (Uni) jump by around 16%.
In the meantime, Ether (ETH) increased by 7.3% if the daily trade volume more than doubles to $ 26.5 billion.
An outbreak for ETH above the level of $ 2,650 resistance would open a path to $ 4,000, where it was traded briefly in December before it passes that profit in February.
Coinmarketcaps altcoin season index has been checked since the turn of the month of 18 to 29 of a maximum 100, which suggests that traders focus on the Altcoin market instead of Bitcoion, although BTC was dominant during the recent cycle.
Bitcoin has risen by 32% since March, but has been surpassed by a large part of the altcoins, including hype, sui and ETH, which have risen between 42% and 200% respectively in the same period.

Derivatives Positioning

Bitcoin Options Open Interest (OI) rose to a highlight of June of $ 44.33B, led by Deribit at $ 35.24 billion, followed by CME ($ 3.5 billion) and OKX ($ 3.24B), according to CoingLass data.
The BTC Options-to-Futures OI ratio was 57.6%, which reflects a strong demand for optionality in relation to directional exposure.
Traders remain bullish with a well/call ratio of 0.57 on Deribit.
The 140K strike leads by $ 1.79 billion in fictional conditions, while the decline of 27 June dominates the curve by $ 13.7 billion in total fictional value. The best traded instruments include 120K and 150K calls that expire in June and August.
Futures Open Interest Momentum remains positive in BTC, AXL and Altcoins.
AXL’s OI has risen more than 800% in the last 24 hours, according to VELO data.
BTC financing percentages on Deribit reached 36.1%APR, with a comparable increased levels on hyperliquid (27.5%) and Bybit (11%), which emphasized the ongoing demand for the long side.
On Binance, the liquidation lever rose sharply to $ 129.3 million near the price level of $ 106.6k, which reflects a cluster of open interest that can be wiped out as the prices, according to Coinglass, withdraw to that zone.
In the last 24 hours, the actual BTC readings amounted to $ 170.74 million, dominated by short liquidations of $ 160.93 million, which signaled aggressive purchasing as the price rose due to important levels.

Market movements

BTC has risen 0.71% from 4 p.m. at $ 109,535.95 (24 hours: +2.14%)
ETH has risen 3.92% at $ 2,692.82 (24 hours: +6.18%)
Coindesk 20 has risen 1.52% at 3,210.97 (24 hours: +3.21%)
Ether CESR Composite strike Rate has risen 14 BPS at 3.08%
BTC financing percentage is 0.01% (10.95% on an annual basis) on Binance

Dxy has risen 0.21% at 99.15
Goudfutures fell by 0.13% at $ 3,350.60
Silver Futures fell by 0.44% at $ 36.63
Nikkei 225 ditch 0.32% at 38,211.51
Hang seng closed unchanged at 24,162,87
FTSE has risen 0.32% at 8,860.46
Euro Stoxx 50 has fallen by 0.32% at 5,404.14
Djia Sloot on Monday unchanged on 42,761.76
S&P 500 closed unchanged at 6.005.88
Nasdaq Composite closed 0.31% on 19,591.24
S&P/TSX Composite closed 0.20% at 26,375.80
S&P 40 Latin -Aramika closed 0.38% at 2.574.85
US 10-year-old Treasury rate drops by 3 BPS at 4.45%
E-mini S&P 500 Futures are unchanged at 6.006.50
E-mini Nasdaq-100 Futures are unchanged on 21,805.50
E-mini Dow Jones Industrial Average Index has fallen by 0.16% at 42.728.00

Bitcoin -Statistics

BTC Dominance: 64.53 (-0.18%)
Ethereum to Bitcoin ratio: 0.02445 (+0.99%)
Hashrate (seven -day progressive average): 878 EH/s
Hashprice (spot): $ 54.72
Total number of costs: 5.00 BTC / $ 535,990
Cme futures open interest: 151.915
BTC priced in gold: 32.7 oz
BTC vs Gold Market Cap: 9.27%

Technical analysis

After trading in the weekly order block, Solana reclaimed the 50-day exponential advancing average and 100-day EMA on the daily period.
The price is currently covered by the 50-day measure on the weekly period. A decisive break and holding above this level can open the door for a movement back to the earlier range heights between $ 170 and $ 180.
In the case of a pullback, Bulls wants to see a higher low shape, whereby the weekly order block is retained as a strong support zone.

Crypto -shares

Strategy (MSTR): Closed on Monday at $ 392.12 ( +4.71%), +0.64% at $ 394.61 in pre-Market
Coinbase Global (Coin): closed at $ 256.63 ( +2.13%), +0.34% at $ 257.49
Circle (CRCL): closed at $ 115.25 ( +7.01%), +3.44% at $ 119.27
Galaxy Digital Holdings (GLXY): closed on C $ 28.58 (+4.31%)
Mara Holdings (Mara): closed at $ 16.27 (+3.11%), unchanged in pre-market
Riot platforms (Riot): closed at $ 10.12 ( +2.74%), +0.3% at $ 10.15
Core Scientific (Corz): closed at $ 12.71 ( +4.27%), +1.57% at $ 12.91
CleanSpark (CLSK): closed at $ 10.12 ( +3.37%), +0.2% at $ 10.14
Coinshares Valkyrie Bitcoin Miners ETF (WGMI): closed at $ 20.16 (+3.01%)
Semler Scientific (SMLR): closed at $ 33.99 (+3.06%)
Exodus Movement (Exod): closed at $ 29.01 ( +0.52%), +0.24% at $ 29.08

ETF flows

Spot BTC ETFs

Daily net flow: $ 386.2 million
Cumulative net flows: $ 44.61 billion
Total BTC Holdings ~ 1.2 million

Spot ETFS

Daily net flow: $ 52.7 million
Cumulative net flows: $ 3.4 billion
Total ETH companies ~ 3.79 million

Source: Distant investors

At night

Graph of the day

The total market capitalization of Stablecoins surpasses $ 250 billion for the first time.

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