Jun 10, 2025

BTC tests key support at $109K and $106K

Industry landscape

According to CNN, Donald Trump has launched a nationwide investment plan, offering $1,000 in stocks for every American newborn.
Publicly listed company Siebert Financial is planning to raise $100 million to purchase cryptocurrency assets and invest in AI technology.
Cryptocurrency investment startup Parataxis Holdings is planning to go public through a merger with special purpose acquisition company SilverBox Corp IV.
AI agent platform Virtuals Protocol has launched the smart contract audit agent "IRIS", with 50% of the total Token supply allocated to the Ethereum community.
Ethereum L2 project RISE has secured a $4 million investment from Galaxy Ventures.
UK's Insolvency Service has hired its first dedicated crypto intelligence specialist, Andrew Small, to help trace and recover digital assets in insolvency and criminal cases.
Bitcoin core development team is planning to implement the OP_RETURN change in October.
According to Bloomberg, US Senate Majority Leader John Thune has set the stage for a key procedural vote on June 11 regarding the GENIUS Act, intending to advance the stablecoin bill for passage this week.

Exchange updates

Binance will cease supporting deposits and withdrawals of Stafi (FIS) and Measurable Data Token (MDT) via BNB Chain on June 16, while Binance Alpha and Binance Futures have launched the Defi App (HOME).
Bybit will launch Bombie (BOMB) spot trading.
Coinbase International will launch the FARTCOIN/USDT perpetual contract trading pair on June 12.
Bithumb has listed dogwifhat (WIF) and Pocket Network (POKT) on its Korean Won market.

Mainstream data observations

BTC core liquidation positions: Long positions at $108,896 with a liquidation amount of $641 million; Short positions at $110,688 with a liquidation amount of $255 millionThe current BTC price: $109,597. Strong liquidation pressure on long positions, with concentration near $108,900 and $106,300, where significant liquidation pressure is present.
ETH core liquidation positions: Long positions at $2,633.7 with a liquidation amount of $695 million; Short positions at $2,738.1 with a liquidation amount of $380 millionThe current Ethereum price: $2,689.6. Significant liquidation pressure on long positions, with substantial liquidation amounts near $2,650, a key price level to watch.
Total stablecoin market cap: $250.78B. The total market cap saw a slight increase on June 10. USDT increased by $607.79M, with a 1.32% increase on Tron and a 0.57% increase on Ethereum.
BTC market share: 64.52%. The TOTAL 3 Market Cap: $872.46B. BTC market share continues to fluctuate above 64%. TOTAL 3 market cap has seen a slight increase. Ethereum broke above $2,650 on the morning of June 10, reaching a high of $2,727.90. Moving forward, the focus will be on the changes in BTC market share.
Bitcoin MVRV-Z score: 2.39. MVRV is the ratio of the minimum market value (current market cap) to the realized value (the total value of all BTC at their last movement). BTC’s market valuation has cooled slightly but remains in a neutral-to-high score range. Limit orders can be set accordingly.
Bitcoin BVIV score: 44.19The BVIV score is currently at a neutral level. Compared to May, the data indicators have significantly declined, and the volatility momentum is relatively low.

[Market rating]

On the morning of June 10, BTC surged strongly, breaking above $110,000, with a very strong market rally. It has slightly pulled back, fluctuating around $109,000. BTC is currently testing key support levels. The focus will be on support at $109,000 and $106,000. The current market bull/bear sentiment score is 80 (Bullish).

[0-40 Bearish; 40-50 Cautiously Bearish; 50-70 Neutral; 70-80 Cautiously Bullish; 80-100 Bullish]

Emerging projects

Token	BALL	vlogs	LAMBO
Description	Lottery-style tokens allow users to receive one lottery ticket for every 10,000 SBALL tokens held. A portion of the prize pool comes from the funds users spend on token purchases, and the transaction volume can be observed for sustainability.	The concept is an AI-generated video blog, inspired by the recent viral gorilla Vlog on TikTok.	A Lamborghini concept meme is featured on the website, comparing the current market value with the prices of various Lamborghinis, symbolizing "When can I buy a Lamborghini?"
Price	$0.002237	$0.001678	$0.002855
Market Cap（$)	2.2 million	1.6 million	28.5 million
Token Holders	9509	1328	2231

Token	ASSDAQ	PCULE	KET
Description	The concept of ASSDAQ.com is a community-driven fan site that also offers a free meme generator tool for the community. This tool is intended solely for humor, satire, and entertainment.	A Telegram trading bot is created for Polymarket’s prediction market and traders, allowing users to search markets, place orders, and manage positions.	The concept is an AI agent capable of executing transactions across multiple blockchain networks.
Price	$0.001541	$0.01187	$0.5096
Market Cap（$)	1.5 million	11.8 million	509 million
Token Holders	4544	4635	30998

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