1. Overview

Trade tensions between the U.S. and Europe have escalated, putting pressure on the U.S. Dollar Index and sending gold prices up nearly 3%. Bitcoin remains relatively stable with contracting trading volume, hovering at a key psychological and technical inflection point. Strategy has continued to increase its Bitcoin holdings for eight consecutive weeks. Additionally, Sonic’s airdrop is scheduled to launch in June, with 25% to be released immediately. Markets are closely watching the U.S. April JOLTS Job Openings data due out tonight.

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2.Global Marco & Policy Outlook

Today’s Key Events

• U.S. April JOLTS Job Openings data to be released (previous: 719.2K).
• Fed Chair Jerome Powell to deliver opening remarks at an event, with markets eyeing his stance on inflation and future policy direction.
• South Korea holds its presidential election today, with both leading candidates expressing bipartisan support for spot crypto ETFs.

Key Macro Headlines

1. U.S.-EU Trade Tensions Intensify
   Former U.S. President Donald Trump has proposed raising tariffs on steel and aluminum from 25% to 50%, prompting strong opposition from the EU, which warned of reciprocal countermeasures. If no mutual resolution is reached, current and additional tariffs are set to take effect by July 14, possibly sooner. 
2. Trump Demands Final Trade Offers by Wednesday
   According to Reuters, the U.S. administration has asked countries engaged in advanced trade talks to submit their “best offers” by Wednesday, aiming to finalize deals before the July deadline. So far, only a limited agreement with the UK has been reached, with key talks ongoing with the EU, Japan, Vietnam, and India. 
3. SEC Seeks Public Feedback on WisdomTree Bitcoin ETF Redemption Mechanism
   The U.S. SEC is soliciting comments on whether to allow the WisdomTree Bitcoin Fund (BTCW) to adopt an in-kind creation and redemption model. BTCW, approved in January 2024, would allow investors to redeem shares directly in Bitcoin rather than cash if the rule change is approved. 
4. Reitar Logtech Announces $1.5 Billion Bitcoin Purchase Plan
   According to TipRanks, Reitar Logtech, a publicly listed U.S. company, plans to acquire $1.5 billion worth of Bitcoin to enhance its financial stability and advance logistics technology initiatives. The move is part of the company’s broader strategic vision. 
5. Public Companies Net Buy $196M in BTC Last Week; Strategy Continues Accumulation
   Data from SoSoValue shows that public companies (excluding miners) saw net BTC inflows of $196M last week, while Bitcoin ETFs had net outflows of $157M. Strategy (formerly MicroStrategy) continued its BTC accumulation for the eighth consecutive week, purchasing 705 BTC at an average price of $106,495, bringing its total holdings to 580,955 BTC.

Traditional Markets Snapshot

U.S. stocks closed slightly higher: S&P 500 rose 0.41%, Dow Jones gained 0.08%, and the tech-heavy Nasdaq climbed 0.67%. The U.S. dollar weakened, while gold surged nearly 3%.

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3.Crypto Market Tracker

1) Major Tokens – Spot Market Performance

(As of 10:00 AM, June 3, 2025)

2) Futures Market Flows

According to Coinglass, net outflows were prominent across contracts for BTC, XRP, SOL, DEXE, WCT, and TRB in the past 24 hours, indicating possible trading opportunities.

3) Liquidation Map

Based on Coinglass data (as of June 3), BTC/USDT’s liquidation map shows that if BTC breaks below $104,000, long positions worth up to $248 million across major CEXs could be liquidated. Conversely, a breakout above $108,000 could trigger short liquidations totaling $315 million. Leverage should be managed carefully to avoid mass liquidation events.

4) BTC Long/Short Ratio

As of 10:00 AM today, Coinglass reports the global BTC long/short ratio at 0.6832, with 40.59% long and 59.41% short.

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4. Blockchain Headlines

• SEC seeks feedback on WisdomTree Bitcoin ETF’s in-kind redemption mechanism
• Trump-related WLFI address sends 10M USDC to BitGo
• Tether partners with TON Foundation to launch cross-chain gold-backed stablecoin XAUt0
• Ethereum Foundation restructures core dev team under new name “Protocol,” with three strategic focus areas
• Strategy plans to issue 2.5M “Stride” preferred shares to fund its BTC acquisition strategy
• Sonic airdrop confirmed for June; 25% to be released immediately, 75% to unlock linearly via NFT mechanism

5. Institutional Perspectives- Daily Picks

• Matrixport: June has historically shown average BTC returns of just 1.9%, with high volatility. October remains a strong month.
• Glassnode: 3-5 year BTC holders have slowed selling but continue to exert pressure.
• CryptoQuant: As this cycle nears its end, Bitcoin’s dominance may decline, setting the stage for a sharper altcoin rally.
• QCP Capital: Short-term outlook remains mild; institutions like Strategy and Metaplanet are doubling down on Bitcoin.

6. BTCC Exclusive Technical Analysis

BTCC Analyst Harvey notes:

Bitcoin is currently at a critical psychological and technical pivot, with near-term direction likely to determine the sustainability of the broader bull structure. While momentum indicators such as MACD and RSI suggest some weakening in bullish strength, BTC remains in an upward channel consistent with the early stages of a potential supercycle. Key support stands firm above $105,000; a breakdown could lead to a retest of $103,000, with a long-term support base around $97,600. Overall, current pullbacks appear to be healthy corrections rather than signs of a broader trend reversal.

Risk Disclaimer:

The above content is for informational purposes only and does not constitute investment advice or trading recommendations. Markets are subject to risk—please exercise caution and conduct due diligence.

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