The global financial market is facing a critical moment, and Crypto Assets may continue to consolidate.

The Federal Reserve kept the benchmark interest rate unchanged this week, but the overall stance is hawkish. Officials have differing views on the future direction of policy, with some expecting at least two rate cuts this year, while others believe rates will remain stable. Current inflation is close to the 2% target but has not been fully achieved, and economists warn that premature rate cuts could lead to a rebound in inflation.

This Friday, approximately $6.5 trillion in US stock options and derivative contracts will expire, and while this "Triple Witching Day" event may not directly trigger severe fluctuations on the day, it could lay the groundwork for volatility risks in the market next week. Analysts believe that this expiration date could become one of the largest expiration events in history, and investors should be cautious of potential market volatility risks.

In the virtual assets industry, industry experts believe that the sector has entered the second growth curve stage, with the focus shifting from "digital natives" represented by Bitcoin to "digital twins" represented by stablecoins and asset tokenization. Stablecoins are regarded as the optimal form of currency at present and are expected to play a significant role in the future global financial system. Compliant exchanges possess foundational capabilities in regulatory compliance, asset custody, and clearing and settlement, and are likely to become hubs for global virtual assets.

The crypto market has been relatively flat recently, with the price of Bitcoin remaining unchanged for the past three days. Analysts point out that escalating geopolitical tensions and the Federal Reserve's decision to maintain interest rates are putting pressure on Bitcoin. Technically, the price of Bitcoin is constrained by multiple moving average resistance levels, and the market trading volume is sluggish, indicating a strong wait-and-see sentiment. In the short term, Bitcoin may continue to consolidate, and if demand remains weak, it may dip to the support range of 94,000 to 97,000 dollars.

Solana is currently oscillating within a key support range of $140-$145. Analysts suggest building long positions in the $128-$140 range, with target prices of $204.31, $229.01, and $258.45 respectively. However, if the $140 support is broken, it could trigger an accelerated decline to the $102-$103 area. Additionally, the Solana ETF submitted by VanEck was registered with the DTCC on June 18, which is seen as a preliminary preparation for ETF approval.

In the altcoin market, the MEME coin LABUBU has dropped 23% in the past 24 hours, significantly reducing its market value. Within the Solana ecosystem, some new projects like Gorbagana, $YOURSEL, and $shiyo have attracted investor attention. On the other hand, the popularity of Meme coins on Avalanche has cooled down.

Key Data (As of June 20, 12:00 HKT)

• Bitcoin: $104,658 (Year-to-date +11.46%), Daily spot trading volume $17.204 billion
• Ethereum: $2,520.03 (Year-to-date -24.9%), daily spot trading volume is $9.922 billion
• Fear and Greed Index: 48 (Neutral)
• Market Share: BTC 64.1%, ETH 9.4%
• 24-hour BTC long-short ratio: 1.10206
• 24-hour liquidation data: A total of 55,924 people were liquidated globally, with a total liquidation amount of 89.34 million USD.

Today's Outlook

• A certain trading platform will include the calculation of new position points.
• Multiple trading platforms will delist certain trading pairs
• Lista DAO (LISTA) and SPACE ID (ID) will welcome token unlock.

Hot News

• Bitcoin on-chain transaction volume hits an 18-month low, as the craze for Runes and Ordinals fades.
• Semler Scientific appoints a Bitcoin Strategic Director, plans to hold 105,000 coins by the end of 2027.
• 49% of surveyed institutions globally have used stablecoins for payments
• The Bitcoin treasury reserves of listed companies have exceeded 768,500 coins, valued at over 8.2 billion USD.
• Fidelity: The growth rate of the "ancient supply" of Bitcoin that has not moved for over ten years has surpassed the daily new output.
• SOL Strategies submitted Form 40-F registration statement to the SEC in the United States, planning to list on NASDAQ under the code "STKE".
• LGHL secured $600 million in funding from ATW Partners to launch the HYPE treasury.
• Fetch.ai will launch a $50 million FET token buyback plan.