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ETH is expected to break through 2700 USD, ZKJ big dump triggers 100 million liquidation, Solana ecosystem tokens strengthen.
Market Dynamics: ETH is expected to break through $2700, ZKJ's big dump triggers massive liquidations, Solana ecosystem Tokens benefit
1. Market Observation
macro economy
The Federal Reserve will announce its interest rate decision in the early hours of June 19, and the market is highly focused on Chairman Powell's speech for guidance on policy direction. Despite a slowdown in job growth, the unemployment rate has remained stable for three consecutive months, partly due to a decrease in the number of immigrants reducing labor supply. The core inflation rate in May rose less than expected for the fourth consecutive month, and expectations for rate cuts supported a seven basis point drop in the yield on the U.S. two-year Treasury note to 3.96% last week.
Some Federal Reserve officials have expressed an open attitude towards interest rate cuts, believing that the impact of tariffs on prices can be viewed as temporary, as long as inflation expectations remain stable. Some economists predict that if officials raise inflation expectations, the number of interest rate cuts this year may be reduced. Analysis suggests that interest rate cuts could begin in the fourth quarter to address potential slowdowns in the labor market. The impact of tariff policies and geopolitical situations add uncertainty to the economic outlook, and the market will closely monitor the Federal Reserve's new round of economic forecasts.
Industry Trends
In the global wave of digital transformation, the integration of traditional industries with Web3 and AI technologies is reshaping the business landscape. This trend is reflected not only in the corporate layout of decentralized AI and blockchain technologies but also in specific investment actions. For example, a NASDAQ-listed company has invested $500 million in Fetch.ai Token, aiming to create the largest corporate AI token reserve in the world. The world's first decentralized large language model launched by Fetch.ai provides AI support for multiple industries with advantages in data privacy, scalability, and community-driven innovation.
However, as companies accelerate their entry into Web3 through private equity and crypto market makers, they must also be wary of the price volatility of crypto assets and regulatory compliance risks, ensuring strategic sustainability while seizing innovation dividends.
Bitcoin trend
Bitcoin remains volatile over the weekend. The technical indicators show that BTC is currently trading above the 0.236 Fibonacci retracement level (104,872 USD) and along the upward trend line that has been in place since the beginning of June. The MACD histogram is flattening, indicating a weakening of bearish momentum. If the price breaks above the 50-period moving average (106,351 USD) and stays above the 0.5 Fibonacci level (106,788 USD), it may test 107,640 USD and 108,864 USD in the short term.
Despite the increased market volatility, the technical structure of Bitcoin remains sound, and as long as it does not fall below $103,169, its overall upward trend remains solid. Analysts have pointed out that $105,000 is a key resistance level, and if it is breached again, Bitcoin may retreat to the $100,000 liquidity area, providing new buying opportunities for the market. Other traders believe that Bitcoin is forming an "inverse head and shoulders pattern," and once it breaks the neck line ($113,000), the price target may exceed $140,000.
Historical data shows that after a significant rise in oil prices, Bitcoin prices may increase by 16% to 24% in the short term. Although Bitcoin is generally considered a risk asset, it has seen notable rebounds following several historical events when oil prices surged. For example, after oil prices rose to $80.50 in January 2025, Bitcoin rebounded 22% from $89,300 to $109,300, a similar situation also occurred in 2024. Currently, as oil prices rise again, historical data indicates that Bitcoin around $102,800 may be an attractive entry point, with a target increase of 16% to $119,200 by June 21.
ETH trend
Ethereum stabilized around $2509 after a pullback from $2771 to $2443 last week, resulting in a loss of $298 million for 80,000 traders. However, institutional investors continued to increase their positions, with a large asset management company purchasing $570 million in ETH over the past two weeks, currently holding over 1.5 million coins valued at $3.83 billion, while another company acquired 176,000 ETH for $463 million.
From a technical perspective, ETH is testing the key support range of $2,500 to $2,550. If the support holds, it may rebound to the range of $2,700 to $2,800; otherwise, it may pull back to $2,300 or even $2,000. Notably, the supply of ETH on exchanges has dropped to its lowest level in eight years, and the supply shortage may drive prices up. The market generally anticipates that ETH is expected to break $4,000 by the end of 2025, with some analysts being more optimistic, forecasting a short-term target price of $5,400 and a long-term target price of $7,000.
market volatility
On the evening of June 15, ZKJ and KOGE experienced a big dump on a trading platform. The price of ZKJ plummeted from $1.98 to $0.253, a fall of 83.64%; KOGE also suffered a heavy blow, falling from $62 to $8.48. Analysis indicates that this big dump was triggered by multiple key addresses withdrawing liquidity and large sell-offs, leading to panic selling and liquidity exhaustion in the market. Moreover, the upcoming unlocking of 15.53 million Tokens of ZKJ further exacerbated the selling pressure. Data shows that the total liquidation amount across the network in the past 24 hours reached $240 million, with ZKJ contributing $102 million.
At the same time, the SOL ecosystem may benefit from the big dump of related tokens and the impending ETF, showing strong performance. SOL has increased by 7.3% in the last 24 hours, with the ecosystem project Marinade up 39.4% in 24 hours, Jito up 18.2%, and Kamino up 10%. The market cap of the meme coin aura briefly reached 235 million USD, hitting an all-time high before falling back to 178 million USD. In addition, WLFI community members expect their token to go live on June 16, while the official announcement is set to release an important announcement tonight at 8 PM, with the current institutional OTC price at 0.10 USD.
2. Key Data (As of June 16, 12:00)
3. ETF Flows (as of June 13)
4. Today's Outlook
Top 500 largest market cap gains today: VaderAI (VADER) up 20.63%, Jito (JTO) up 16.75%, Non-Playable Coin (NPC) up 15.61%, Ribbita (TIBBIR) up 14.52%, Chintai (CHEX) up 14.04%.
5. Hot News