🎯 LOT Newcomer Limited-Time Airdrop is Live!
Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!🎯 LOT Newcomer Limited-Time Airdrop is Live!
Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
#现货比特币ETF持仓破110万枚# According to Caixin, on June 10, Bitcoin rose back to the 110,000 USD mark for the first time in two weeks, just 2,000 USD away from the historical high set in May.
From the point of view of technical analysis, according to the 1-hour K-line analysis at 8:38 on June 10, the K-line presents a bearish engulfing and flat-head pattern, and the RSI is close to the overbought area (86.84), indicating that there may be a risk of a downward correction in the short term, but the MACD indicator shows that the bullish momentum is still strong, and the EMA (15) and EMA (60) are in a bullish alignment, suggesting that the overall trend is still in an uptrend.
Market Trading Dynamics
Coin World has detected multiple large transactions of 【BTCUSDT】 on BOSS Wallet, with transaction prices between 91940.88 - 110050 USDT, indicating that there is significant capital trading Bitcoin in the market.
Market sentiment and investor expectations
Typically, when the price of Bitcoin continues to rise and approaches historical highs, market sentiment tends to be optimistic, attracting more investors' attention and participation. However, from the perspective of short-term technical indicators like RSI being overbought and bearish candlestick patterns, some investors may adopt a cautious attitude towards the short-term market, fearing a price correction.
Relevant influencing factors
Previously, there were many positive factors driving the rise in Bitcoin prices, such as global financial giant Goldman Sachs significantly increasing its holdings of iShares Bitcoin ETF (IBIT) by 28%, holding approximately $1.4 billion worth of IBIT shares, and also holding 3.5 million FBTC shares, worth approximately $315 million. This move was interpreted by the market as a strong recognition of Bitcoin's long-term value, attracting more institutional funds to pay attention to the Bitcoin market.
U.S. Vice President JD Vance delivered a speech at the Bitcoin 2025 conference in Las Vegas, openly supporting Bitcoin. The positive signals from the policy front have boosted market confidence, driving active buying in Bitcoin perpetual contracts.
Overall, the price of Bitcoin performed strongly today. Although short-term technical indicators show a risk of pullback, under the influence of continuous institutional funding attention and favorable policy factors, it still has certain potential for long-term rise. However, the Bitcoin market has a high degree of uncertainty and risk, and investors need to closely monitor market dynamics and make cautious investment decisions.
Recently, the K-line shows trading volume: the recent trading volume has increased, with trading volume rising compared to the previous few hours, and both price and trading volume are increasing: trading is active, and the upward momentum is strong.
The recent technical indicator analysis shown by the K-line is:
Based on MACD analysis of the current market trend: no obvious trend, MACD histogram: the histogram remains positive and gradually lengthens: the bullish force is strong.
KDJ Indicator: No KDJ golden cross or death cross, according to KDJ, the neutral KDJ value is: 48
The value of MA10 is greater than the value of MA30, date 2025-06-09 04:00:00, the value of MA10 is greater than the value of MA30, date 2025-06-09 08:00:00,
Price breakout, gap up, oscillation, volume-price divergence.