Crypto Market Dynamics: Bitcoin Approaches $110,000 Threshold, Meme Coins Continue to Heat Up

Bitcoin broke through $108,500 in a low liquidity environment over the weekend, just a step away from the historical weekly closing high of $109,000. The core issue currently concerning the market is whether Bitcoin can break through the $109,000 liquidity zone and maintain its upward momentum. Some analysts point out that the 15-minute chart shows a bullish structure of "higher lows," and selling pressure is gradually dissipating. Others believe that the MACD indicator has shown a golden cross, with bulls still in control of the short-term trend.

However, some analyses suggest that if the historical halving cycle of Bitcoin repeats, the peak of the bull market may arrive in September or October 2025. The market is currently entering the final stage of the bull market, with only 2-3 months left. Bitcoin needs to regain the accumulation range high point of $104,400, while the multi-week downward trend line of this range is at $104,881. Looking back at 2024, Bitcoin accelerated its rise for 260 days before the halving and reached a historical high, but then experienced a longer adjustment period, which slowed the cycle rhythm. Although the cycle has recently slowed down, once it enters a rapid rising phase, it may quickly make up for this "extended cycle."

Ethereum outperformed Bitcoin, closing the week above $2500, with a 7-day increase of 12.23%. On-chain data shows a potential bullish trend, and more traders believe that the ETH price may reach $3000 in the near future. The Ethereum ecosystem is also seeing a long-awaited resurgence, with news that a certain project team developer will participate in the Robinhood Cannes conference, which boosted the relevant tokens by 17.4%.

In terms of Meme coin, Moonshot launched the Meme coin creation tool Moonshot Create on Friday night. Since its launch, the platform has listed multiple Meme coins. Among them, the market caps of $MONKEPHONE, $MOONCOIN, and $RICH are currently hovering around $7 million, while $MOONCAT has the highest market cap of $3.11 million, currently at $1.68 million. In addition, $MORI has risen for 4 consecutive days since its launch, with a peak market cap of $155 million, currently at $132 million. $USELESS has continuously broken new highs since June 5, with an increase of 1729.7% in nearly a month, and its market cap has surpassed $200 million today.

In terms of key data, Bitcoin is currently priced at $108,379, and Ethereum is at $2,500.45. The Fear and Greed Index is at 52, indicating a neutral level. A total of 80,868 people were liquidated globally in the past 24 hours, with a total liquidation amount of $201 million. Bitcoin ETF has seen a net inflow for 14 consecutive days, with a single-day inflow of $501 million; Ethereum ETF had a single-day inflow of $77.4472 million.

Events worth paying attention to in the coming days include: a certain wallet's exclusive TGE will launch on June 30 with NodeOps (NODE); Zama will launch its testnet on July 1; the founder of Ethereum and the chief strategy officer of a certain project will participate in a fireside chat hosted by Robinhood in Cannes on July 1; the U.S. Senate will vote on the Beautiful Law Act; and central bank governors from around the world will hold a panel discussion. Additionally, multiple projects will see token unlocks.

Top 500 market cap gains today: Humanity Protocol (H) up 103.83%, Launch Coin (LAUNCHCOIN) up 32.17%, Shentu (CTK) up 21.58%, Useless Coin (USELESS) up 19.71%, Arbitrum (ARB) up 17.82%.