I. Bitcoin's Strong Rebound Leads Crypto Market Recovery (Market Analysis for June 10, 2025)
After a brief pullback, Bitcoin reclaimed the $110,000 mark on June 10, 2025, rebounding nearly 9% from its June 5 low of $101,000, just 1.62% away from the historical high of $111,980 set in May. This rebound not only drove mainstream cryptocurrencies like Ethereum (ETH) and Solana (SOL) to rise 4%-5% simultaneously but also pushed the meme coin sector to warm up, with Doge (DOGE) and Shiba Inu (SHIB) recording gains of 4.5% and 2.5% respectively.
Coinglass data shows that in the last 24 hours, 102,028 people were liquidated globally, with a total liquidation amount of $421 million. The largest single liquidation occurred on Bybit - BTCUSDT, valued at $3.279 million.
If Bitcoin continues to rise and breaks through the previous high of $11,980, it could clear short positions with a strength of $685 million.
Market Driving Factors Analysis:
Favorable Macroeconomic Policy Expectations
The restart of US-China trade tariff negotiations became a key catalyst. As both sides released signals of easing, the Nasdaq and S&P 500 indexes rose simultaneously, with risk asset preference recovering. Bitcoin's dual characteristics as "digital gold" and a risk asset were strengthened in this environment, attracting over $323 million in short positions to be cleared within 24 hours.
Continuous Institutional Fund Inflow
Although the spot Bitcoin ETF experienced net outflows for five out of the past seven days, the Ethereum ETF has achieved consecutive 15 days of net capital inflow, showing a very strong bullish signal and indicating a divergence in institutional crypto asset allocation strategies.
JPMorgan analysts noted that Bitcoin's 17% year-to-date gain has already surpassed gold's performance in the same period, with corporate demand and policy support driving its transformation into a "macroeconomic hedging tool".
Technical Breakthrough Signals
Bitcoin's 50-day moving average crossing above the 30-day moving average formed a "golden cross", a historically bullish pattern that has often signaled bull market cycles. The 10X Research report emphasizes that negative funding rates, market bottom formation, and surging spot demand create a high-confidence breakthrough signal, with a short-term target of the $120,000 range.
[The rest of the translation follows the same approach, maintaining the structure and translating all text while preserving technical terms and proper nouns as specified.]Conclusion
Bitcoin breaking through $110,000 is not just a price milestone, but a turning point for crypto assets integrating into the global financial system. When the SEC transforms from an "enforcer" to a "rule-maker," and when the Trump administration incorporates blockchain into national strategy, this transformation driven by technology, capital, and policy is reshaping the narrative of wealth in the 21st century. Market participants must seize compliance dividends while also being wary of undercurrents in the cycle—after all, in the crypto world, the only constant is eternal change.
