💎The trading week is dominated by risk-on sentiment, gold is rising, stocks and BTC are both hitting new highs, what awaits us?

🔶 Risk-on sentiment prevails
- The global financial market maintains a risk-on sentiment as the US stock market (, led by the tech/AI group, breaks new highs, while capital continues to flow into spot crypto ETP funds.
- The 12th consecutive week of positive inflow for crypto funds, $BTC along with Nasdaq and S&P 500 hit all-time highs.
- Total crypto market capitalization surpasses $3.67T, Bitcoin hits $119.2K, altcoins also surge causing BTC Dominance to drop to 63.8%.

🔶 Institutional capital flows and treasury strategy
- Organizations continue to buy aggressively, with total crypto ETF assets surpassing $160B. The "digital asset treasury" model is beginning to spread: Thumzup Inc. has added XRP and DOGE to its reserves; more than 30 organizations are considering using $BNB as a budget management asset.

🔶 FOMO psychology and massive short liquidation
- Bitcoin $113K to $118K without a significant pull-back. Total liquidation value exceeded $1B, mainly from short positions. Liquidity on the exchange has dried up along with the amount of $BTC held on the exchange being at a 3-year low, leading to a massive short squeeze.
- Ethereum has surpassed $3,000 for the first time after many months of sideways movement, and altcoins are also in agreement with the trend of $BTC.

🔶Macroeconomic support:
- The market is sluggish with news on tariffs. Weak U.S. employment data is a factor driving expectations for rate cuts.
- "Crypto Week" in the US with 3 major bills promoting blockchain & stablecoin is also a significant factor driving the crypto market sentiment.

🔶Next week is extremely important: The CPI data for the US in June will be the turning point for market sentiment, 3 important bills will be discussed before being passed )CLARITY, Anti-CBDC, GENIUS(. If 1 bill passes, the legal narrative will shift → altcoins will benefit first.