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- Community Morning Brief — Top Headlines 🔹 June 4, 2025
1. Data: Institutional buyers have increased their Bitcoin holdings by 417,000 BTC so far in 2025.
2. The U.S. has presented Vietnam with a complex list of demands in tariff negotiations.
3. Arkham stated on social media that Satoshi Nakamoto’s net worth has now surpassed Bill Gates’.
4. Trump’s Truth Social has filed an application for a Bitcoin ETF.
5. Bloomberg analyst: IBIT’s Bitcoin holdings could surpass Satoshi Nakamoto’s by the end of next year, becoming the world’s largest Bitcoin holder.
6. Attendees of Trump’s crypto dinner rec - #Satoshi Net Worth Tops Bill Gates#
Arkham announced on social media that Satoshi Nakamoto is now wealthier than Bill Gates, with a net worth reaching $116.7 billion compared to Gates' $116.2 billion.
💬 What does this mean for the crypto market? How will Satoshi's wealth impact Bitcoin's future and interest from mainstream investors?
#Trump BTC ETF Application#
Truth Social, operated by Trump Media & Technology Group, has applied for a Bitcoin spot ETF through a partner. The fund aims to track Bitcoin's spot price performance. If approved, Truth Social would be the first social media platfor - 👀 #GateCryptoGiveaway# - Whose eyes are these?
Memecoin Quiz: Guess the memecoins based on the eyes below!
💰 $10 Points * 4 winners
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1️⃣ Follow Gate_Post
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 04:00 AM, Jun 7 (UTC)
As of June 2, 2025, Bitcoin (BTC) is trading at approximately $105,580, reflecting a modest increase of 1.06% over the past 24 hours. The price has fluctuated between an intraday low of $103,935 and a high of $105,808.
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📊 Market Overview
Bitcoin recently reached an all-time high of $111,980 in late May. Since then, it has experienced a pullback, currently consolidating below the $106,000 resistance level. Technical indicators suggest a weakening bullish momentum:
Support Levels: Immediate support is observed around $103,145, corresponding to the 0.236 Fibonacci retracement level. A breakdown below this could lead to further declines towards the psychological support at $100,000 and potentially $97,600.
Resistance Levels: The $105,000–$106,000 range has acted as a significant resistance zone. A decisive move above this could open the path towards $108,000.
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🔍 Technical Indicators
Moving Averages: Bitcoin has fallen below its 20, 50, and 100 EMA on the 4-hour chart, indicating potential bearish pressure.
RSI (Relative Strength Index): Currently around 43.39, suggesting weakening bullish momentum.
MACD (Moving Average Convergence Divergence): Shows a mild bearish crossover, indicating limited upside in the near term.
Ichimoku Cloud: Bitcoin is trading within a thin cloud structure with flat Tenkan-Sen and Kijun-Sen levels, indicating an absence of momentum.
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🧠 Market Sentiment
Despite the recent correction, long-term indicators remain positive:
Exchange Reserves: Bitcoin exchange reserves have hit an all-time low, suggesting strong accumulation by long-term investors and institutions.
Institutional Adoption: Continued interest from institutional investors and favorable regulatory developments contribute to a bullish long-term outlook.
📅 Outlook for June 2025
Analysts suggest that if Bitcoin can reclaim and sustain above the $106,000 resistance, it may resume its upward trajectory towards $108,000 and beyond. However, failure to hold the $103,000 support could lead to a retest of the $100,000 psychological level.