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๐ Bitcoin & Ethereum Market Update โ June 15
๐ Geopolitical Tensions Drive Volatility!
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๐ฅ Bitcoin (BTC) Analysis
๐ป Price Dip: BTC briefly fell below $103,000 on June 13 amid Middle East tensions but rebounded to $105,000.
๐ 24h Volume: ~$6.8B
๐ Support: $103,000 โ A psychological & tested floor
๐ Resistance: $108,000 โ May highs, needs strong volume to break
๐ On-chain Insight:
Big wallets (100โ10,000 BTC) did heavy selling on May 27 โ signs of short-term profit-taking.
๐ ETF Outflows:
$129M pulled from US Bitcoin ETFs recently, reflecting institutional caution, though long-term ETF inflows trend remains bullish.
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๐ Ethereum (ETH) Analysis
๐ Price Recovery: ETH rebounded from a low of $2,458 to $2,542 as of June 15.
๐ 24h Volume: ~$12.9B
๐ Support: $2,408 โ Key recent low
๐ Resistance: $2,821 โ Late May rally high
๐ง Upgrade Alert:
Ethereumโs Pectra hard fork (Prague + Electra) is testnet ready and launching March 2025, boosting Layer-2 scaling and account abstraction.
๐ฐ Institutional Inflows:
Ethereum ETFs saw $281M inflows (week of June 6) โ 4th consecutive week showing strong institutional faith.
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๐ Stay ahead of the curve with real-time insights & trade setups on #GateLive!