Avinash Shekhar, Co-Founder & CEO of Pi42, stated, “The crypto market is finding its footing with a cautiously optimistic undertone.” “In the last week, Bitcoin has risen more than 3%, demonstrating strong backing from market players. Should current levels remain stable, a retest of the $110,000 mark appears probable.

Sathvik Vishwanath, the Co-Founder and CEO of Unocoin, emphasized that Bitcoin seems ready for a breakout, as open interest is high and funding rates are close to neutral. The liquidation clusters ranging from $106K to $110K indicate a possibility of stop-hunts. He noted that a decisive move above $108.5K could generate momentum toward the $112K–$115K range.

Vikram Subburaj, the CEO of Giottus, mentioned that the forthcoming options expiry worth $20 billion on Friday could lead to additional volatility. “Data from the order book indicates increasing interest close to $111,000. He noted, “On the downside, though, $104,000 is still the key level to monitor.”
Stocks Recommendations Recent data indicates an increasing institutional interest in crypto assets. It has been reported that BlackRock ETFs added 3,210 BTC and 22,550 ETH, while the Japanese company Metaplanet acquired 1,234 BTC valued at $132.7 million, surpassing Tesla’s Bitcoin holdings. In the meantime, GameStop secured an additional $450 million through zero-interest notes and intends to designate part of this money for Bitcoin as a reserve asset.

Nonetheless, the regulatory landscape continues to be intricate. Effective June 27, Barclays Bank has announced a prohibition on credit card purchases of cryptocurrency, prompting worries about access limitations for retail investors.

The research team at CoinDCX noted that the robustness of Bitcoin is enhancing overall market sentiment, leading to significant increases in certain altcoins such as Pi, Kaspa, and Bitcoin Cash. “The overall market trend is mostly stable, preparing for the next bullish wave,” the team stated.Conversely, recent high performers like Sei, Fartcoin, Stacks, and Curve DAO Token experienced significant pullbacks of 8–10%, indicating profit-taking in certain areas.

Ethereum maintained a stable trading position above $2,470, with analysts observing an increase in optimism regarding a possible breakout toward the $2,800 mark. “While ETF flows for Ether have been robust, futures data indicates some caution among traders,” Shekhar of Pi42 added.
Analysts expect the crypto market to trade within a narrow range in the near term, influenced by technical factors and liquidity dynamics, as no significant macroeconomic triggers are anticipated until new inflation data is released.

Vishwanath advised, “Stay alert for the expansion of volatility.” “The market is wound up and ready to break out.”