Crypto is Still on Track!📈

This week brought lots of volatility but huge adoption news!

Jun 06, 2025

Hey Thinkers 💡

This week was a pivotal one for Bitcoin and the broader crypto market. While BTC experienced a pullback, it was not unexpected. We’ve been closely tracking the daily Relative Strength Index (RSI), which showed Bitcoin entering the overbought zone—typically a textbook signal for a short-term correction.

Relative Strength Index (RSI) Definition

Now the key question is: How deep will the pullback go before the next move higher? Will we see Bitcoin reset all the way to the oversold zone before bouncing back, or will bullish momentum kick in sooner? Time will tell—but overall, the bull market remains on track.

📈 Bull Market Still Intact: Key Metrics to Watch

Some market participants are speculating that the recent pullback marks a cycle top. However, several critical indicators suggest otherwise:

Sentiment Still Subdued: We haven’t hit peak euphoria or greed—conditions historically associated with market tops. In fact, fear and uncertainty are still present, which usually precedes further upside.
Global Liquidity Rising: Liquidity across global markets continues to trend upward. Bitcoin tends to follow this macro liquidity path, and with the DXY (U.S. Dollar Index) still showing weakness, the broader setup remains bullish.
Whales Are Buying: This week saw a significant spike in wallets holding 10+ BTC, indicating that large players are buying the dip.
Pi Cycle Top Indicator Hasn’t Flashed: This macro-level signal, which historically marks bull market tops, remains dormant—another sign we may not be done yet.

🚀 Adoption Accelerates: Institutions & Tech Giants Embrace Crypto

This week brought a wave of adoption headlines that signal growing institutional and corporate interest:

JPMorgan Steps In: Just one week after CEO Jamie Dimon downplayed Bitcoin, JPMorgan is now preparing to offer trading and wealth management clients access to crypto-linked assets as collateral for loans. They’ll begin with BlackRock’s iShares Bitcoin Trust ETF—a massive step for the world’s largest bank.
Uber Eyes Stablecoins: Uber CEO Dara Khosrowshahi revealed that the company is exploring stablecoin integrations to reduce costs in global payments.
Big Tech Joins the Party: According to Fortune, tech giants like Apple, X (formerly Twitter), Airbnb, and Google Cloud are looking into stablecoin adoption as stablecoin legislation in the U.S. nears finalization.
Circle Goes Public: Circle, issuer of USDC, officially went public on the NYSE—marking the first stablecoin issuer to do so.
Gemini Files for IPO: Crypto exchange Gemini has confidentially filed for an IPO with the SEC, signaling continued confidence in the public markets for crypto firms.

🏛️ U.S. Congress Moves on Crypto Market Structure

The House held a key hearing this week on the CLARITY Act, a digital asset market structure bill. Even more important, a markup session has officially been scheduled for Tuesday, June 10 at 10:00 AM EST. This session will review and potentially advance the CLARITY Act alongside several other digital asset-related bills.

Final Thoughts
Despite short-term volatility, the fundamentals and macro indicators continue to align with a broader bullish trend. From institutional accumulation to policy momentum and real-world adoption, the crypto market is maturing—and fast.

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