1. Bitcoin Market
During the period from May 31 to June 6, 2025, Bitcoin’s price movements were as follows:
May 31: Bitcoin opened with a sharp decline, hitting a low of $103,867, then rebounded to $104,900. After a dip to $103,220, the price showed a fluctuating upward trend, reaching an intraday high of $104,802, displaying an overall “V”-shaped recovery pattern.
June 1: The market remained mostly sideways. Bitcoin rose slightly after opening to $104,889, then dropped to $103,992. It rebounded intraday to $104,730 before falling again to $103,870. In the closing period, there was a rally, and the price finally settled near $104,751.
June 2: Bitcoin maintained a fluctuating upward trend during the day, breaking through $105,274, $105,820, and $105,876 sequentially. Although there were minor pullbacks, the overall trend was strong. However, close to the close, selling pressure intensified, and the price quickly dropped to the intraday low of $103,823, before slightly recovering to hover around $104,350 at close.
June 3: Market sentiment turned stronger, with Bitcoin pushing higher to an intraday high of $106,500. It then retreated to $104,954 but quickly regained momentum to hit a new intraday high of $106,790, showing robust bullish energy.
June 4: The price entered a consolidation phase, generally trending downward. Bitcoin fell from $106,668 to around $105,360, with narrowing volatility. After a slight rebound, it briefly dropped to $104,365 before immediately recovering to $105,494, closing at $105,485.
June 5: Bitcoin largely remained sideways. After opening, it slowly declined from $105,000, touching a low of $104,552, then rebounded sharply, fluctuating narrowly around the $105,000 range. The price briefly surged to $105,816 late in the day but then reversed downward, closing at $104,597.
June 6: Bitcoin continued the previous day’s downward trend with increased losses, quickly breaking below the key support level at $103,000. It hit a stage low of $100,501 before stabilizing. At the time of writing, Bitcoin had slightly recovered to $101,964, but short-term momentum remained weak, with growing market caution.
Summary
This week, Bitcoin’s price initially rose and then fell, with moderate gains early on, followed by pressure and a sharp decline at the end. On May 31, the price dropped near $104,000, then showed wide-range fluctuating upward movement from May 31 to June 3, reaching a weekly high of $106,790 on June 3. From June 4 to 6, the market entered a correction and consolidation phase, with the price center shifting slightly lower and volatility narrowing, oscillating around $105,000 as bulls and bears battled in this key range. On June 6, Bitcoin fell sharply to a low of $100,501, erasing most of the week’s gains. The short-term trend turned weaker, indicating the market has entered an adjustment phase.
Bitcoin Price Trend (2025/05/31–2025/06/06)
2. Market Dynamics and Macroeconomic Background
Capital Flows
1.Exchange Capital Flows: Platform Reserves Hit Historic Lows Reflecting Long-Term Holding Signals
According to Cointelegraph, Bitcoin reserves on centralized exchanges have dropped to historic lows, indicating massive BTC outflows from exchanges. This trend reflects that large investors—including whales, institutions, and some countries—prefer to move assets into cold wallets or non-custodial solutions for long-term holding (HODL). Structural capital outflows are generally considered a bullish signal for the mid- to long-term, showing that major funds remain optimistic about future market trends. Furthermore, according to Onchain Lens data, over $558 million worth of BTC was withdrawn from Binance within just one hour, further confirming the market’s strong inclination towards long-term accumulation.
2.Whale Activity: Institutional Buying and Chip Rebalancing Coexist
Over the past week, the monthly holding growth rate of whale addresses has slowed to 28%, a noticeable decline from previous peaks, indicating a reduced willingness among whales to accumulate at high levels. This phenomenon is often seen as a precursor to short-term price deceleration. However, some institutions are bucking the trend; for example, the Japanese listed company Metaplanet continued to increase its Bitcoin holdings during the market adjustment phase, with a total holding now symbolic at 8,888 BTC, demonstrating strong confidence in the mid- to long-term outlook. Additionally, BlackRock moved 5,362 BTC out via Coinbase Prime, coinciding with over $500 million in net redemptions from its iShares Bitcoin Trust (IBIT) over two days, signaling active portfolio rebalancing.
3.Retail Interest Declines: On-Chain Data Shows Market Not Yet in Frenzy Stage
According to CryptoQuant analysis, small-value on-chain Bitcoin transactions under $100,000 have decreased by about 2.45% in the past 30 days, indicating retail participation has not yet reached a market frenzy level. While some smaller investors may participate via ETFs or crypto financial platforms, on-chain capital structure remains a key indicator of investor sentiment. Current data shows overall market sentiment remains rational, with no structural frenzy; market movements are more institutionally driven rather than sentiment-driven.
4.Rising Liquidity Tightening Risk: Sygnum Bank Warns of Potential “Demand Shock”
Sygnum Bank noted in its latest market report that Bitcoin’s circulating supply has decreased by about 30% over the past 18 months, causing sustained tightening of overall market liquidity. Analysts warn that with ETFs continuously accumulating and rising governmental interest in Bitcoin reserves, the market may face a “demand shock” scenario—where buyers far exceed available supply. Furthermore, a weakening dollar and instability in the US Treasury market have increased Bitcoin’s appeal as a safe-haven asset. With multiple factors converging, Bitcoin prices may experience a new wave of upward volatility in the coming months.
5.Bitcoin ETF Capital Flows: Short-Term Outflows Amplify
June 2: -$267.5 million
June 3: +$375.1 million
June 4: +$87.0 million
June 5: -$278.4 million
ETF inflow/outflow data image
On a monthly basis, the US Bitcoin spot ETFs recorded a net inflow of $5.2 billion in May 2025, with Bitcoin’s price rising about 11% over the same period—significantly outperforming traditional safe-haven assets. The IBIT saw a net inflow of as much as $5.9 billion for the month, while Grayscale and ARKB experienced outflows of $321 million and $292 million respectively. Part of the market sentiment shift stemmed from a large $430 million outflow from BlackRock’s iShares Bitcoin Trust (IBIT) on May 30, ending its streak of 34 consecutive trading days of net inflows. This event was viewed as a key signal of a shift in ETF market capital attitudes. Nonetheless, Bitcoin ETFs’ overall inflows in May exceeded those of gold ETFs, indicating that Bitcoin is gradually consolidating its position in global institutional asset allocation. Despite short-term volatility, the market remains highly focused on its mid- to long-term potential. Amid sharp price pullbacks near the end of this week, outflows have rapidly increased, reflecting declining institutional risk appetite and rising safe-haven sentiment. Attention should be paid to the suppressive effect of outflow trends on short-term price performance.
Technical Indicator Analysis
1.Relative Strength Index (RSI 14)
According to Investing.com data, as of June 6, Bitcoin’s (BTC) 14-day Relative Strength Index (RSI) stands at 35.361.
The commonly used RSI reference range is 0–100, with RSI above 70 generally considered overbought, and below 30 considered oversold. The current RSI value is close to the lower edge of 30, at a relatively low position, indicating certain short-term oversold signals in the market. This suggests significant downward pressure but may also be nearing the threshold for a technical rebound. If RSI continues to approach or fall below 30, attention should be paid to whether a stage bottom rebound opportunity is forming.
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
From a short-term perspective, Bitcoin’s current price has clearly fallen below MA5 and MA20, indicating weak short-term momentum and a lack of upward driving force. The MA5 is turning downward and showing signs of a death cross with MA20, which may further intensify expectations of a short-term pullback.
From a mid- to long-term view, the price remains above MA50, MA100, and MA200, showing that the medium-term trend still maintains an upward structure. However, if the price continues to break below the $100,000 psychological level, it may trigger additional technical selling pressure, seeking support near MA50 or even MA100.
Overall, short-term pressure signals are evident. Without an effective rebound, the price risks further testing lower supports. Meanwhile, the mid- to long-term trend has not been materially broken yet. 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 supports are at the $100,500 and $100,000 integer levels. Among them, $100,000 is an important psychological support, not only a key technical integer level but also a significant anchor for market sentiment. On June 6, Bitcoin’s intraday low reached $100,501 before quickly rebounding, showing active buying near this position and preliminarily confirming its effectiveness as short-term support. If this level is lost subsequently, attention should turn to previous lows in the $98,500–$99,000 range for support, with further support possibly down near MA50 (about $95,754).
Resistance Levels: The current short-term resistance is concentrated in the $102,000–$103,000 range, where a rebound was blocked on June 6, indicating persistent selling pressure above. If the price can effectively break through and hold above this zone, it may further challenge the $104,000–$105,000 area, which is a key mid-term resistance region. Additionally, the MA20 ($105,640) also acts as dynamic resistance and is one of the technical signals for bulls to regain dominance.
Currently, Bitcoin is currently in a phase of oscillation and adjustment between important support and resistance. The outcome at $100,000 will directly influence the direction of future trends. If this level holds, the market may form a stage bottom and prepare for a rebound; if broken, a new round of downward movement may be triggered, with close attention needed on whether multi-period moving averages below provide effective support. On the upside, if the $103,000 resistance cannot be quickly broken, the rebound will remain weak and the market is prone to sideways consolidation.
Market Sentiment Analysis
1.High-Level Pullback, Cautious Observation
This week, the overall market sentiment showed characteristics of a high-level pullback and cautious observation. As Bitcoin slightly climbed and broke through the $106,000 mark at the beginning of the week, bullish enthusiasm warmed up temporarily but failed to sustain. The sharp retracement to $100,501 on June 6 significantly damaged market confidence, causing short-term traders to become conservative, with observation sentiment gradually increasing.
2.Key Sentiment Indicator (Fear & Greed Index)
The Fear & Greed Index, as an important tool measuring investor sentiment in the crypto market, effectively reflects changes in market risk appetite. As of June 6, the index stood at 46, at the lower edge of the “Neutral” range, showing that market sentiment has noticeably declined from the previously optimistic region to a more cautious level.
Reviewing this week (May 31–June 5), the daily index values were: 55, 56, 57, 58, 57, 55, 55. Overall, the index maintained a relatively optimistic range of 55–58 during the first six days, indicating acceptable market risk appetite. However, after the sharp price drop on June 6, the index plunged to 46, and the market entered a clear risk-averse state. Compared with last week’s average (about 68), overall sentiment has been weakening steadily, suggesting cooling capital sentiment and increased short-term selling pressure from major funds.
Fear & 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 toward cryptocurrencies, promoting clear regulatory frameworks and encouraging institutional participation, which has helped boost Bitcoin prices. Meanwhile, the launch of the “TRUMP” token sparked ethical controversies, eliciting mixed market reactions. Additionally, on May 28, a U.S. court ruled that its tariff policy exceeded presidential authority, which the market interpreted as a limitation on executive power and a positive signal for market liberalization, indirectly boosting investor confidence in risk assets such as Bitcoin.
Stablecoin Legislation and Macroeconomic Data
The U.S. House of Representatives held a hearing on June 4 regarding stablecoin legislation, aiming to provide a clearer regulatory framework for stablecoins. Furthermore, the U.S. Bureau of Labor Statistics is scheduled to release the monthly employment report on June 6. This data may influence the Federal Reserve’s interest rate decisions, thereby affecting market sentiment toward risk assets including Bitcoin.
Political Disputes Trigger Market Volatility
On June 5, Elon Musk and former President Donald Trump engaged in a heated exchange on social media over topics including trade policy, government intervention, and control of technology. Given their significant influence in financial markets and the cryptocurrency space, this dispute was interpreted by the market as a sign of potential rising political uncertainty. It triggered some investors to adopt short-term risk-averse behavior and was one of the macro factors behind Bitcoin’s sharp pullback on June 6, highlighting the current market’s sensitivity to policy and high-level public opinion risks.
3. Hashrate Changes
Between May 31 and June 6, 2025, the Bitcoin network hashrate exhibited fluctuations as detailed below:
On May 31, the network hashrate surged significantly, rising steadily from 868.43 EH/s to a peak of 1098.21 EH/s, before slightly retreating to close at 1080.74 EH/s, indicating a rapid short-term aggregation of computing power. On June 1, the hashrate showed an overall downward trend, descending from the high point sequentially to 968.91 EH/s, 862.76 EH/s, and 829.97 EH/s, but rebounded slightly to 862.69 EH/s before the end of the day, suggesting some computing power came back online after adjustment.
On June 2, the hashrate experienced intraday volatility, briefly spiking to 934.67 EH/s, then quickly dropping to 786.03 EH/s, and finally stabilizing around 850 EH/s, reflecting instability in hashrate scheduling. On June 3, the hashrate surged again with a high of 1034.89 EH/s but then declined continuously, dipping first to 950 EH/s and closing at 850.11 EH/s. The large fluctuations may relate to temporary shutdowns or reconnections of some mining farms.
On June 4, the hashrate remained relatively low, first rising slightly to 835.79 EH/s before gradually falling to a low of 743.47 EH/s and then recovering to 832.02 EH/s by day’s end. On June 5, the hashrate initially increased to 841.49 EH/s before dropping to 773.23 EH/s, indicating a temporary exit of some computing power. However, the overall pullback was limited, and the hashrate recovered to 841.27 EH/s at the close, reflecting relatively stable network operation. On June 6, the hashrate continued to rise, stabilizing near 865 EH/s as of writing, extending the rebound trend from the previous day.
Overall, from May 31 to June 3, Bitcoin’s hashrate showed wide fluctuations, reflecting frequent adjustments by miners and significant network computing power volatility. From June 4 to June 6, the amplitude of hashrate fluctuations narrowed, indicating increased network stability. The current computing power level remains in a relatively high range. Short-term volatility serves as a reminder for the market to monitor how miners’ operating environments and cost changes impact hashrate, which may exert some pressure on Bitcoin’s short-term price movements.
Bitcoin Network Hashrate Data
4. Mining Revenue
According to data from YCharts, the daily total revenue of Bitcoin miners (including block rewards and transaction fees) this week was 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. Overall, the miners’ daily total revenue this week remained roughly within the range of $42 million to $53 million. Despite some pullbacks, revenue stayed at a historically mid-to-high level, indicating that under the current network conditions supported by Bitcoin price and transaction activity, miner earnings remain stable and sustainable.
Over the past week, the unit hashrate revenue (Hashprice) of the Bitcoin network showed a generally downward trend. As of June 6, the Hashprice stood at $51.25 per PH/s per day, noticeably retreating from the previous week’s high. Since reaching a peak of $57.12 per PH/s per day on May 29, the Hashprice has been steadily correcting, dropping sharply to $51.85 per PH/s per day on May 31, and then fluctuating within a narrow range of $51–53 per PH/s per day. On June 6, a slight further decline occurred, reaching a low of $50.66 per PH/s per day. Currently, the Hashprice is relatively low on a monthly scale but remains in the mid-to-upper range on a quarterly scale. This suggests that under the coexistence of declining transaction fees and growing hashrate, unit hashrate revenue is under pressure but overall profitability has not been fully compressed. The future trend of the Hashprice will mainly depend on Bitcoin price, on-chain transaction activity, changes in fee structures, as well as network hashrate and difficulty adjustment pace. In the short term, it is advised to focus on changes in transaction volume and potential adjustments in mining farm power costs.
According to The Block data, Bitcoin miners’ total revenue in May 2025 reached $1.52 billion, an increase of approximately 28.8% compared to $1.18 billion in April 2024. The revenue growth was mainly driven by the continued strength in Bitcoin prices in May, which boosted miners’ earnings from both block rewards and transaction fees. The Block data also shows that Bitcoin miners’ total revenue in May 2025 reached $1.52 billion, up about 28.8% from $1.18 billion in April 2024, demonstrating strong profitability in May. This growth was primarily driven by the upward trend in Bitcoin prices, alongside increased on-chain transaction volumes and a higher proportion of transactions with fees, providing additional income sources for miners. Funds inflows driven by the ETF market and improved policy expectations enhanced market trading activity, further elevating miners’ overall revenue levels. Although market sentiment cooled somewhat in early June, from a monthly perspective, the mining industry remains within a profitable cycle.
Hashprice Data
Bitcoin Miners’ Monthly Revenue Data
5. Energy Costs and Mining Efficiency
According to BTC.com data, the Bitcoin network completed a new difficulty adjustment at 08:01:30 on May 31, 2025 (block height 899,136). This adjustment increased the difficulty by 4.38%, raising it to 126.98 T, a historic high, further raising the output threshold for miners across the network. As of the time of writing on June 6, based on real-time data from CloverPool, the total network hashrate was 881.36 EH/s, still operating at a high level. The next difficulty adjustment is expected around June 14, with a likely downward adjustment of approximately 1.10% to 125.59 T. This trend suggests that some high-cost mining farms or small-scale miners have recently exited or halted operations, driving a structural contraction in hashrate. This may be related to seasonal electricity price increases and marginal profit compression caused by Bitcoin price volatility.
From the mining cost perspective, according to the latest model calculations by MacroMicro, as of June 4, 2025, the unit production cost of Bitcoin mining was approximately $97,902.76, while the spot price at the same time was $104,731.98. This corresponds to a Mining Cost-to-Price Ratio of 0.93. This ratio is within a healthy range, indicating that current Bitcoin mining activities still have considerable profit margins on a macro level. Despite network hashrate remaining high and difficulty at a historical peak, mainstream mining farms can maintain positive cash flow thanks to higher power usage efficiency and better energy consumption ratios.
Overall, Bitcoin mining currently remains in a profitable zone. Although network hashrate and mining difficulty remain high and unit hashrate revenue is under pressure, mainstream mining farm operations remain stable, benefiting from high Bitcoin prices and transaction fee support. With summer approaching, electricity price increases in some regions may compress marginal miner profits, and high-energy-consumption legacy machines face pressure to be phased out. The industry is accelerating its transition toward highly efficient, low-power equipment. In the future, miner profitability will be influenced by multiple factors such as electricity prices, the pace of difficulty adjustments, and price volatility. Continued attention should be paid to climate, energy policies, and hashrate deployment changes in major mining regions.
Bitcoin Mining Difficulty Data
6. Policy and Regulatory News
U.S. Senator Lummis: Financial Security Is National Security, U.S. Should Establish a Strategic Bitcoin Reserve
On June 4, U.S. Senator Cynthia Lummis stated on social media that financial security is national security and that the United States should establish a strategic Bitcoin reserve. She noted that U.S. military leaders also support this proposal.
California Legislature Unanimously Passes Bitcoin Payment Bill
On June 4, the California Legislature passed a bill with 68 votes in favor and 0 against, allowing the state to accept payments in Bitcoin and digital currencies. The bill will be submitted to the Senate for review.
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7. Mining News
IMF Expresses Concern Over Pakistan’s Bitcoin Mining Plan
On May 31, amid energy shortages and budget negotiations, the International Monetary Fund (IMF) questioned Pakistan’s plan to allocate 2,000 megawatts of electricity for Bitcoin mining. This plan, announced last week, aims to attract independent miners, blockchain companies, and AI companies to Pakistan. The IMF has requested the Pakistan Ministry of Finance to urgently clarify the legality of cryptocurrency mining and the electricity allocation issues, especially given the country’s long-term energy shortages and fiscal pressures. It is reported that the Pakistan 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. A separate meeting is expected to be arranged between both parties to specifically discuss this Bitcoin electricity plan.
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Bitcoin Mining Companies Marathon Digital and Core Scientific Sued Over Crypto Patent
On June 3, according to Cointelegraph, Malikie Innovations recently filed a lawsuit against Bitcoin mining companies Marathon Digital and Core Scientific, accusing them of infringing on their patent rights related to Elliptic Curve Cryptography (ECC) technology. Malikie acquired 32,000 “non-core” patents from BlackBerry in 2023. The lawsuit states that the defendant mining companies used Malikie’s patented technology in Bitcoin mining operations.
Legal expert Aaron Brogan said that such lawsuits typically do not target individual Bitcoin users but could have significant financial impact on the defendant mining companies, who may face up to six years of royalty payments if they lose. AMLBot’s legal director Niko Demchuk noted that if the involved patents have expired or only cover technology prior to Bitcoin’s ECC implementation, Malikie’s claims may be difficult to uphold. The case outcome will depend on the specific patent scope and court interpretation.
8. Bitcoin Related News
Global Corporate and National 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 of it to establish a Bitcoin reserve, becoming one of the publicly listed U.S. companies with the largest Bitcoin holdings.
2.U.S. Bitcoin Spot ETFs: On May 31, according to HODL15Capital data, U.S. Bitcoin spot ETFs collectively hold about 1.205 million BTC, with BlackRock’s IBIT leading with approximately 660,000 BTC, followed by Fidelity’s FBTC and Grayscale’s GBTC.
3.El Salvador: On June 1, mempool data showed El Salvador currently holds 6,194.18 BTC, valued at about $646 million, maintaining its position as the leading nation-level Bitcoin holder.
4.DDC Enterprise: On June 1, cross-border consumer goods e-commerce group DDC Enterprise increased its holdings by 79 BTC, completing the first phase of its 100 BTC purchase plan, and plans to increase holdings to 5,000 BTC within the next 36 months.
5.Jetking: On June 1, Jetking purchased approximately 6 additional BTC, bringing its holdings to 21 BTC with a total investment of about $1.59 million. The Bitcoin investment yield for 2025 reached 31.05%.
6.Reitar Logtech: On June 2, the U.S.-listed company Reitar Logtech announced a Bitcoin acquisition plan worth 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 increase its Bitcoin holdings by 624 BTC, raising its total holdings to 1,471 BTC, continuing to expand its Bitcoin reserves.
8.K33: On June 3, listed company K33 purchased 10 BTC for 10 million Swedish kronor and included them in the company’s 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 app Strike announced its balance sheet now holds 1,500 BTC, ranking it among the top 25 global companies by Bitcoin holdings.
Metaplanet CEO: Volatility Is Not a Bug of Bitcoin but a Signal and “Fuel”
On June 1, Simon Gerovich, CEO of Japanese publicly listed company Metaplanet, which adopts a Bitcoin treasury strategy, posted on the X platform that volatility is not a bug of Bitcoin but a signal, an energy, and a fuel. Volatility drives Bitcoin’s flywheel, accelerating Bitcoin accumulation. Most importantly, Bitcoin’s volatility is attractive to capital.
Analyst: Bitcoin Fundamentals Remain Bullish, Long-Term Holders Continue Accumulating to Form Buffer Support
On June 1, CryptoQuant analyst Axel Adler Jr wrote that although Bitcoin prices briefly retraced to $103,000–$104,000, the fundamentals remain bullish: exchange reserves continue to decline, corporate purchases keep pressuring supply, and long-term holders continue accumulating, forming a market floor buffer.
Meanwhile, the macro situation shows mixed signals: easing PCE inflation reduces some Fed policy pressure, but tariff uncertainties and rising yields strengthen risk aversion, suppressing market appetite for growth. The baseline scenario for next week is Bitcoin trading sideways between $103,000 and $110,000 until new driving factors emerge. If volume expands and momentum breaks above 20% along with a breakout over $110,000, the market is confirmed to be preparing to test the $115,000–$120,000 range. Conversely, if net fund inflows turn positive but prices fall below $100,000, a deeper correction may be indicated.
Analysis: Bitcoin Consolidates Around $105,500, but Market May Be in Early Stage of a New Supercycle
On June 2, Bitcoin’s current trading price is approximately $105,500, near a key support level, with cautious market sentiment. Analysts note this level could be a watershed for short-term direction: a breakdown might test support near $103,000, while holding above it could lead to a renewed challenge of $115,000.
On the other hand, despite significant short-term volatility, analysts remain optimistic about the long-term outlook. Rachael Lucasrenewing, a cryptocurrency analyst at BTC Markets, said that since the long-term uptrend is not yet broken, Bitcoin is expected to possibly retest $115,000, and the market may currently be in the early stages of a new supercycle.
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As of May, the Number of Wallets Holding Over 1,000 Bitcoins Has Risen to 1,455
On June 3, it was reported that as of May 2025, the number of wallets holding over 1,000 bitcoins has climbed to 1,455, marking that whales have begun accumulating again.
Donald Trump Jr.: After Losing Access to Banking Services, Family Goes All In on Bitcoin and Cryptocurrency
On June 3, Donald Trump Jr., eldest son of Donald Trump, said in an interview with CNBC that after losing access to banking services, his family decided to go all in on Bitcoin and cryptocurrency.
U.S. Bitcoin Holdings Vastly Outweigh Gold: Nearly 50 Million Americans Hold Over $11,000 Each
On June 5, it was reported that in 2025, the number of Americans holding Bitcoin and the amount held significantly surpass gold. Data shows that currently 49.6 million Americans hold Bitcoin, with an average holding of $11,089 per person; in contrast, 36.7 million people hold gold, with an average holding of only $1,512 per person. Analysts believe cryptocurrency has become a mainstream asset choice.
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