Bitcoin at 105 thousand dollars static, the market "overheated" warning
Asian markets began next week with Bitcoin's opening over $ 105,000. However, Cryptoquant explained that increasing demand and profit levels give signals of the market “saturation in the short term”. James Wynn was liquid with a loss of $ 17 million, while Méliuz shares lost 8 %after the Bitcoin purchase plan.
📊 Morning Summary: Heat from crypto to the stock market increases, but the resistors are approaching
Bitcoin started at $ 105,375. After a horizontal movement of 0.4 %at the weekend, there was an increase of 229.000 BTC in the last 30 days, according to Cryptoquant data. This is a data approaching the 279,000 BTC summit in December 2024.
In the same period, the BTC balance in the wallets of whales increased by 2.8 %, while this rate usually shows that the accumulation is slowing down.
💬 “The market is still in the Taurus region, but there may be a short -term saturation.” - Cryptoquant
The report warns that profit sales may increase before progressing to around 120,000 dollars, the next major resistance level.
🔻 James Wynn was liquid with a loss of $ 17 million
The crypto phenomenon James Wynn was reset by losing $ 17 million in its high leverage positions on Hyperliquid.
Finally, Wynn, which opened a BTC Long position of $ 1.25 billion, was completely liquidated after the price of $ 105,000.
His statement in x:
“I always try again. I love playing the game. This was a affordable risk to earn billion dollars.”
🇧🇷 Méliuz’s BTC plan did not affect the market
Brazilian Fintech company Méliuz announced that it will purchase Bitcoin through a $ 78 million stock supply. However, the shares lost 8 %after this statement.
Supply: 17 million new shares (can expand to 51 million)
Current BTC Reserve: 320.2 BTC
Transaction Date: It will be completed between 16-18 June
In March, the company announced in March that 10 %of the cash reserves devoted to Bitcoin.
🏙️ NYC Bitbond Plan rejected
New York Mayor Eric Adams proposed to finance the city infrastructure with Bitcoin -supported bonds. However, New York financial controller Brad Lander described the plan as “legally problematic and financial irresponsible.
“Deviation without a dollar -based borrowing endangers NYC’s credit reliability.”
📈 Market movements:
BTC: 103.813 → 105.305 dollars V Formation recovery
ETH: rose from 2.472 to $ 2,527, the purchase volume increased
Gold: increased by 0.6 %to $ 3.311
Nikkei 225: Fell 0.89 %after Trump’s Steel Tariffs Description
S&P 500 Term: It has been opened with the strongest month since November 2023
Although Bitcoin still seems strong, the bull run may be approaching the “cooling point .. While the institutional steps are increasing, a period in which individual investors should be careful should be taken.
