BTCC Crypto Daily (June 16) | Trump Media and Other Institutions Boost Bitcoin, BTC Breaks Above $106K

Last updated:06/16/2025

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BTCC, a seasoned player in the cryptocurrency sector, has established a solid foundation of credibility through its over a decade of platform operation and profound industry experience. The platform boasts an experienced team of professional analysts who leverage their keen market insights and profound understanding of blockchain technology to offer precise market analyses and investment strategies to users. Furthermore, BTCC adheres to rigorous editorial standards, ensuring that every report and analysis is fact-based, striving for objectivity and fairness, thus providing investors with authoritative insights they can rely on. In the rapidly evolving cryptocurrency market, BTCC stands out as an indispensable partner for numerous investors and enthusiasts due to its stability, professionalism, and forward-thinking approach.

1.Overview

Vietnam passes the Digital Technology Industry Law, officially recognizing crypto assets as legal.
Hong Kong’s Stablecoin Ordinance passes Legislative Council, allowing licensed issuers to peg to multiple fiat currencies.
Trump Media Technology Group’s registration statement approved by SEC; plans to allocate over $2.3 billion to purchase Bitcoin.
Metaplanet to issue $210 million zero-coupon bonds to acquire more Bitcoin.
Major unlocks for ZK, ARB, APE, and S tokens scheduled this week.

2.Macro & Policy Outlook

Key Events Today

Brazil’s B3 Stock Exchange launches Ethereum and Solana futures today.
U.S. June NY Fed Manufacturing Index to be released (previous: -9.2).
Arbitrum (ARB) unlocks approximately 92.65 million tokens, representing 1.91% of circulating supply, valued at about $30.2 million.

Global Macro Developments

1.Ongoing Clashes Between Israel and Iran Intensify Middle East Tensions
Following last Friday’s Israeli airstrike on Iran, both sides have engaged in multiple rounds of missile and drone attacks targeting nuclear and military sites, resulting in heavy casualties. Israeli forces attacked Iran’s largest gas and oil field, marking the first strike on a refinery since the Iran-Iraq war. Iran is seriously considering shutting down the Strait of Hormuz. Israeli Prime Minister Netanyahu stated that Israel would stop its actions if Iran abandons its nuclear ambitions, while Iran’s president warned that continued Israeli strikes would end any negotiations with the U.S.

2.Fed Decision and Retail Sales Data Draw Market Focus
This week, the U.S. will release the Fed’s interest rate decision and retail sales data. Analysts have slightly optimistic expectations for retail sales, while Fed Chair Powell is expected to maintain a cautious tone, stressing that it is too early to determine the policy path ahead. Markets are also watching potential disruptions to energy and shipping markets due to escalating Middle East tensions. Meanwhile, both the House and Senate face pressure to finalize major tax reform before Independence Day, with updates anticipated this week.

3.Bitcoin ETFs See Inflows for Five Consecutive Days
According to Farside Investors, Bitcoin ETFs have recorded net inflows for five consecutive days since June 9, with more than $386 million flowing in on the first day, and $301 million on Friday. Over the past five days, Bitcoin ETFs saw total inflows exceeding $1.3 billion. Despite news of Israel’s strike on Iran, Bitcoin only dipped around 3%, demonstrating resilience.

4.U.S. Michigan Inflation Expectations Drop Sharply, Consumer Sentiment Surges
As tariff-driven inflation concerns ease, the preliminary June Michigan Consumer Sentiment Index rebounded sharply, far exceeding expectations. The 1-year inflation expectation saw its largest month-over-month drop since 2001, and long-term expectations also declined slightly, indicating consumers’ economic concerns are easing.

5.Brazil Ends Crypto Tax Exemption, Imposes 17.5% Capital Gains Tax
Brazil has eliminated its previous crypto tax exemptions for small gains, implementing a unified 17.5% capital gains tax on all digital asset profits. The new rule, published under Provisional Measure 1303, aims to boost fiscal revenue through financial market taxation. According to Portal do Bitcoin, effective June 12, the unified tax rate applies equally to all investors, regardless of transaction size.

6.Vietnam Passes Digital Technology Industry Law to Legalize Crypto by 2026
On June 14, Vietnam’s National Assembly approved the Digital Technology Industry Law, bringing digital assets under regulatory oversight. The law, effective January 1, 2026, recognizes crypto assets and lays the foundation for broader digital innovation nationwide. Digital assets are classified into two categories: virtual assets and crypto assets, both verified and transferred via cryptographic or digital technology but excluding securities, digital fiat currency, or other financial instruments. Regulators are tasked with defining business conditions, classifications, and supervisory mechanisms.

7.Hong Kong Treasury: Licensed Issuers May Choose Multiple Fiat Currencies as Stablecoin Pegs
On June 15, Hong Kong Financial Secretary Paul Chan announced that the Stablecoin Ordinance had passed the Legislative Council and will take effect on August 1. The new rule allows licensed issuers to select multiple fiat currencies as stablecoin pegs, enhancing liquidity and competitiveness. Chan noted that Hong Kong’s digital asset sector saw $17.2 billion in local bank-related transactions last year, with $5.1 billion in custody volume, as the city steadily advances stablecoin innovation.

8.Trump Media Approved by SEC, Plans Massive Bitcoin Purchases
Trump Media Technology Group’s registration statement has been approved by the SEC, paving the way for over $2.3 billion to be deployed into Bitcoin purchases. While the timing and size of acquisitions are yet to be disclosed, the firm stated it would act at an “optimal internal schedule.” This move marks a significant mainstream media entry into the crypto market and signals growing institutional adoption of digital assets.

Traditional Asset Correlations

Last Friday, the S&P 500 fell 1.13%, Dow Jones declined 1.79%, and Nasdaq dropped 1.30%. Spot gold continued rising, trading at $3,440/oz, up 0.21% intraday, approaching within $50 of April’s historical high.

3.Crypto Market Snapshot

1. Spot Performance of Major Cryptocurrencies

(as of 14:00 HKT, June 16, 2025)

2. Derivatives Capital Flow Analysis

According to Coinglass data, in the past 24 hours, DOGE, XRP, UNI, ZKJ, OP, SUI, and PEPE saw leading net outflows in contract trading, suggesting possible trading opportunities.

3. Bitcoin Liquidation Map

As of June 16, with Bitcoin trading at $106,512:

If BTC falls below $104,000, cumulative long liquidations across major CEXs may reach $1.13 billion.
If BTC breaks above $108,000, cumulative short liquidations may total $882 million.

Leverage should be managed cautiously to avoid large-scale liquidations amid market volatility.

4. Bitcoin Long/Short Ratio

As of 14:00 HKT on June 16, Bitcoin’s global long/short ratio stood at 1.1561, with 53.62% long positions and 46.38% short positions.

5. On-Chain Monitoring

According to Onchain Lens, whale address “qianbaidu.eth” transferred 595.19 billion PEPE (approx. $6.53 million) from its wallet to Binance on June 16.

4.Blockchain Headlines

Trump’s military parade sponsorship by Coinbase and tech giants sparks controversy.
Ethereum spot ETFs saw $528 million in net inflows last week, marking five consecutive weeks of inflows.
Meme coin LABUBU, based on Pop Mart IP, surged 54% in 24 hours, market cap surpassed $55 million.
Arbitrum, Solana, and Unichain lead cross-chain bridge inflows over the past week.
NFT trading volume rose 37.1% over the past 7 days; Immutable network transactions up over 150%.
Grayscale, VanEck, and other SOL ETF issuers filed updated S-1 forms.
Metaplanet to issue $210 million zero-coupon bonds for additional Bitcoin purchases.
Michael Saylor to serve as advisor to help Pakistan establish Bitcoin reserves.
BTCC launched 50x leverage perpetual contracts for LA and PLUME USDT pairs.

5.Institutional Insights · Daily Picks

Glassnode: Bitcoin’s uptrend remains intact despite significant rallies in past cycles.
Metaplanet: To issue $210M zero-coupon bonds for Bitcoin accumulation; share price rose 12.39% on announcement.
Analyst: Trump’s crypto support is a key factor for his 2024 campaign; 28% of Asians and 20% of African-Americans hold crypto vs. 14% of Whites. The Trump administration promises pro-crypto policies, Bitcoin mining protection, and CBDC prohibition.

6.BTCC Exclusive Market Analysis

On June 16, according to BTCC data, Bitcoin broke above $106,000, currently trading at $106,559, up 0.45% over 24 hours.

Geopolitical uncertainty rises as Middle East tensions escalate. Israel and Iran continue exchanging attacks, while the upcoming Fed rate decision and retail sales data weigh on market sentiment. The Fed is expected to remain cautious, refraining from prematurely signaling policy shifts, leading to a slight pullback in risk appetite.

BTC is hovering near $106,500. Technically, daily charts show consolidation around short-term moving averages; MACD remains in bearish crossover, momentum is weak, and RSI sits near 52. A breakout above $107,000 could target resistance at $109,000–$110,000, while a drop below $105,000 raises risks of revisiting $103,000.

Short-term recommendation: Monitor Fed decisions and Middle East developments for sentiment shifts. Maintain controlled positions and avoid aggressive buying.

Risk Disclaimer: The above content is for informational purposes only and does not constitute investment advice or trading recommendations. The market involves risks; investors should exercise caution and proper risk management.

How to Trade Crypto on BTCC?

This brief instruction will assist you in registering for and trading on the BTCC exchange.

Step 1: Register an account

The first step is to hit the “Sign Up” button on the BTCC website or app. Your email address and a strong password are all you need. After completing that, look for a verification email in your inbox. To activate your account, click the link in the email.

Create an Account

Step 2: Finish the KYC

The Know Your Customer (KYC) procedure is the next step after your account is operational. The main goal of this stage is to maintain compliance and security. You must upload identification, such as a passport or driver’s license. You’ll receive a confirmation email as soon as your documents are validated, so don’t worry—it’s a quick process.

Complete KYC

Step 3. Deposit Funds

After that, adding money to your account is simple. BTCC provides a range of payment options, such as credit cards and bank transfers. To get your money into your trading account, simply choose what works best for you, enter the amount, and then follow the instructions.

Fiat Deposit. Buy USDT using Visa/Mastercard (KYC required).
Crypto Deposit. Transfer crypto from another platform or wallet.

Deposit Funds

Step 4. Start Trading

If you wish to follow profitable traders, you might go for copy trading, futures, or spot trading. After choosing your order type and the cryptocurrency you wish to trade, press the buy or sell button. Managing your portfolio and keeping track of your trades is made simple by the user-friendly interface.

Start Trading

Look more for details: How to Trade Crypto Futures Contracts on BTCC

BTCC FAQs

Is BTCC safe?

Based on its track record since 2011, BTCC has established itself as a secure cryptocurrency exchange. There have been no reports of fraudulent activity involving user accounts or the platform’s infrastructure. By enforcing mandatory know-your-customer (KYC) and anti-money laundering (AML) procedures, the cryptocurrency trading platform gives consumers greater security. For operations like withdrawals, it also provides extra security features like two-factor authentication (2FA).

Is KYC Necessary for BTCC?

Indeed. Before using BTCC goods, users must finish the Know Your Customer (KYC) process. A facial recognition scan and legitimate identification documents must be submitted for this process. Usually, it is finished in a few minutes. This procedure has the benefit of strengthening the security of the exchange and satisfying legal requirements.

Because their accounts will have a lower daily withdrawal limit, those who do not finish their KYC are unable to make deposits. It should be noted that those who present a legitimate ID without a facial recognition scan will likewise have restricted withdrawal options.

Is There a Mobile App for BTCC?

Indeed. For users of iOS and Android, BTCC has a mobile app. The exchange’s website offers the mobile app for download. Since both the web version and the mobile app have the same features and capabilities, they are comparable.

Will I Have to Pay BTCC Trading Fees?

Indeed. BTCC levies a fee for trade, just like a lot of other centralised exchanges. Each user’s VIP level, which is unlocked according to their available money, determines the different costs. The BTCC website provides information on the charge rates.

Can I Access BTCC From the U.S?

You can, indeed. According to its website, BTCC has obtained a crypto license from the US Financial Crimes Enforcement Network (FinCEN), which enables the cryptocurrency exchange to provide its services to investors who are headquartered in the US.

According to BTCC’s User Agreement document, its goods are not allowed to be used in nations and organisations that have been sanctioned by the United States or other nations where it has a licence.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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