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.

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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.

HashKey Trading Moment: BTC may still be affected by geopolitical factors in the short term, after ETH fell, a giant whale bought in at $127 million, market focuses on the $2320 support level

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:

  • Bitcoin: $104,417 (Year-to-date +11.54%), Daily trading volume $47.667 billion
  • Ethereum: $2,511.08 (Year-to-date -24.64%), Daily trading volume $38.332 billion
  • Fear and Greed Index: 54 (Neutral)
  • Market share: BTC 63.9%, ETH 9.3%
  • 24-hour liquidation data: A total of 246,510 people were liquidated globally, with a total amount of 1.14 billion USD.

HashKey Trading Moment: BTC may still be influenced by geopolitical factors in the short term, after a drop in ETH, a certain whale bought the dip at $127 million, market focuses on the support level of $2320

ETF Flows

As of June 12:

  • Bitcoin ETF: +86.3114 million USD (net inflow for 4 consecutive days)
  • Ethereum ETF: +112 million (net inflow for 19 consecutive days)

Today's Outlook

  • Multiple projects will undergo token unlocking.
  • A certain trading platform will launch a new token.
  • A trading platform's institutional department will enable 24/7 trading of XRP and SOL futures for US traders.
  • An NFT trading market will close on June 14.

Hot News

  • A publicly listed company intends to raise $750 million to buy Bitcoin.
  • Israel airstrikes Iran, declaring a national state of emergency
  • The U.S. Senate will hold a final vote on the stablecoin bill.
  • The report shows that 74% of family offices have allocated or are considering allocating digital assets.
  • Several large financial institutions continue to advance their encryption asset business.

HashKey Trading Moment: BTC may still be affected by geopolitical factors in the short term, after ETH's drop, a certain whale bought the dip for $127 million, market focuses on the $2320 support level

ETH-1.54%
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BearMarketSunriservip
· 07-14 07:43
If it can reach 4000, buy a pack of cookies to celebrate.
View OriginalReply0
HalfIsEmptyvip
· 07-13 06:29
Fall and go all in.
View OriginalReply0
FloorPriceWatchervip
· 07-13 06:28
Long positions, don't be timid! Go for it!
View OriginalReply0
probably_nothing_anonvip
· 07-13 06:26
Everyone has dispersed, the institutions are bullish which means it's the peak.
View OriginalReply0
AirdropHarvestervip
· 07-13 06:18
The retail investors are really panicking.
View OriginalReply0
GateUser-bd883c58vip
· 07-13 06:14
4k I laughed to death, in my dreams.
View OriginalReply0
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