🚀 $BTC Smashes $110K – Real Breakout or Just Hype? 🟢🪙 (IMP)
📅 June 11, 2025 | Bitcoin just hit a fresh high—breaking past $110,000 for the first time in days and holding strong around that level.
🔍 What’s Driving This?
📉 Inflation cools down in the U.S. – May CPI came in lower than expected, fueling hopes for a Fed rate cut in September (via decrypt.co).
🏦 Big Money Is In – Spot BTC ETFs pulled in $386M+ recently, taking total U.S. ETF holdings to $131B+, over 6% of BTC’s market cap (via ccn.com & analyticsinsight.net).
💼 On-chain/technical check – Exchange reserves are dropping, leverage is getting
reset, and BTC has tapped $110K twice in 24 hours (via ccn.com, crypto.news, and others).
📊 What’s Next?
Indicators like RSI and SMA still look bullish. Some analysts are eyeing a push toward $120K–$150K, but caution remains with resistance at $112K–114K.
Macro risks, stock market ties, and potential profit-taking could still shake things up.
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