header-langage
简体中文
繁體中文
English
Tiếng Việt
한국어
日本語
ภาษาไทย
Türkçe
Scan to Download the APP

Analyst: Bitcoin Reclaims $105,000, but Structural Weakness Persists, Price Mainly Supported by Corporate and Institutional Buying Pressure

2025-06-09 12:30

BlockBeats News, June 9th, according to The Block, Kronos Research analyst Dominick John stated: "Bitcoin is able to reclaim $105,000 to show strength, but the market structure remains fragile, with the Fear and Greed Index currently at 55, indicating a wait-and-see sentiment dominating the market, as it awaits macro catalysts or trend confirmation."


HashKey Eco Labs CEO Kay Lu also pointed out that Bitcoin is currently in a "sensitive" range near a key support level, where any bearish news could trigger investor panic selling.


Presto Research analyst Min Jung stated that the price support above $105,000 mainly comes from institutional buying pressure driven by corporate Bitcoin reserves, with the corporate BTC allocation narrative providing support as more and more companies start to emulate Strategy's approach. With CPI and PPI data set to be released this Wednesday and Thursday, volatility around this period could intensify, and if inflation exceeds expectations, it could suppress risk assets. Unless there is a breakthrough or deadlock in U.S.-China trade negotiations, the market is unlikely to see significant fluctuations before then.

举报 Correction/Report
This platform has fully integrated the Farcaster protocol. If you have a Farcaster account, you canLogin to comment
Correction/Report
Submit
Add Library
Visible to myself only
Public
Save
Choose Library
Add Library
Cancel
Finish