In the context of growing monetary expansion and geopolitical uncertainty Bitcoin continues to gain momentum as a key financial asset, with institutional and corporate players turning to it.
On June 7, crypto kitty James Wynn wrote that China has injected crypto into its economy liquidity amounting to $139 billion, and other central banks are pursuing similar policies. Against this backdrop, Bitcoin becomes a digital hedge, steadily absorbing excess liquidity from fiat systems around the world.
According to CryptoRank, the number of large holders of CME futures Bitcoin rose to an all-time high of 217. That’s up 36% from January, indicating steady accumulation. It appears that institutions aren’t reacting to short-term headlines, but are building long-term positions.
Corporate entities are also entering the fray. For example, GameStop has added Bitcoin into its treasury, and Trump Media raised $2,3 billion to buy BTC.
Cryptanalyst Michael van de Poppe believes that Bitcoin has rebuilt an important resistance zone. Its price recently dropped below $100,739 and then bounced back sharply. This indicates that the market has broken through stop-loss levels and attracted buyers’ interest. Technical indicators such as volume and RSI are pointing to bullish momentum.
The key resistance level is $105,800. A confirmed break above this level could trigger a significant rally due to short accumulation and demand imbalances in the market. However, a failure to break above this level could lead to a retest of the support zones at $100,739 or even $91,770.
Over the past 24 hours, Bitcoin trading volume has reached $22,3 billion, and the price has risen above $106,00, showing a daily gain of 0,8% and a weekly gain of 0,7%. Its current market capitalization exceeds $2 trillion.
