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After Ethereum's big dump of 9.2%, institutional funds buy the dip, and the year-end target is still looking at 4000 US dollars.
The crypto market is facing geopolitical pressures, and institutional investors are actively getting on board after a significant pullback in Ethereum.
Market Observation
Recent risk events in the global financial markets have been frequent, and the geopolitical situation remains tense. Israel has launched airstrikes on multiple targets within Iran, leading to a sharp rise in international risk-averse sentiment, with gold and oil prices soaring. At the same time, a passenger plane suffered an accident while en route to the UK, resulting in a large number of casualties. The domestic situation in the United States is also turbulent, with riots and protests occurring in many places. In terms of monetary policy, the Federal Reserve has maintained a high interest rate stance since December last year, and the market expects that interest rate cuts may begin in September this year.
In this complex macro environment, the global crypto asset market in the first half of 2025 is witnessing a key shift from retail-driven to institution-led. Bitcoin reached an intra-year high of $110,000 in May, with the continuous influx of institutional funds driving the transformation of crypto assets from speculative products to asset allocation tools. Crypto concept stocks have performed strongly, with several related targets recording significant gains. Analysts believe that the resonance between crypto assets and concept stocks is mainly driven by three major forces: improved regulatory frameworks, influx of institutional funds, and technological innovation.
However, influenced by the situation in the Middle East, the Bitcoin market experienced a significant pullback this morning, falling below the $103,000 mark. Analysts believe that short-term price movements will be primarily affected by geopolitical conditions. As for Ethereum, although the price has dropped below $2,500, down 9.2% in 24 hours, institutional investors are still actively positioning themselves. One large address purchased 2,825 ETH again this morning, accumulating a total of 160,736 ETH over the past two weeks. Another institutional investor utilized 127 million USDC to buy 48,800 ETH within 6 hours after today's market decline.
The analysis report indicates that if the ETH price falls below $2320, it may test the range between $2000 and $1800, but in the short term, it is more likely to continue rising. If it breaks through $2793, it could trigger a new round of increases, with a target price potentially reaching $4000; even if there is a short-term pullback, it is expected that there will still be a chance to break through $3000 in July or August, with the year-end target maintained at $4000.
In terms of market dynamics, several AI and Meme projects have experienced significant fluctuations. Notably, a Canadian listed company has increased its holdings in a token from a certain trading platform. On the other hand, a NASDAQ-listed company saw its stock price plummet by 70% after submitting a registration statement related to financing.
Key Data
As of June 13, 12:00 HKT:
ETF Flows
As of June 12:
Today's Outlook
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