Bitcoin and Global Markets Shaken by Ceasefire Expectations, CPI, and Trump's Remarks
Bitcoin and Global Markets Shaken by War Agreement Expectations, CPI, and a Word from Trump | Seo Dong-ju, Kim Dong-hwan, Park Sang-hyuk Digital Asset Editor-in-Chief [Crypto PLUS]
Speakers
Park Sang-hyuk
— Editor
Summary
The Crypto PLUS episode covers Bitcoin's price around $60K amid US-Iran tensions and CPI data. Editor Park Sang-hyuk analyzes on-chain metrics pointing to Bitcoin undervaluation and bottoming, warns of heavy institutional selling, and sees a potential quick Iran ceasefire as a bullish catalyst. He also highlights new CME altcoin futures as positive for major altcoins and flags late-cycle warning signs in US equities from surging levered ETF volume.
- Bitcoin rangebound at $60K; Iran conflict worsens but markets hope for a quick deal based on Trump's pattern.
- May CPI was in-line but core sticky, disappointing hopes for a strong Fed pivot.
- Grayscale's on-chain indicator shows Bitcoin undervalued, with $60K as a likely historic floor.
- Long-term holders are accumulating rapidly, nearing the 60% level that preceded past bottoms.
- Capriole data reveals record institutional selling; monitoring ETF flows is key for a reversal signal.
- CME launches first altcoin basket futures, a bullish institutional catalyst for Ethereum, Solana and other top altcoins.
- Record combined volume in levered S&P 500 and semiconductor ETFs signals a late-cycle warning for US equities.
- Binance's Korean stock perpetual futures see enormous volume, potentially drawing liquidity away from crypto.
Ideas
Late-cycle warning for US equities
Record combined trading volume in leveraged S&P 500 and semiconductor ETFs is a typical late-cycle signal. Historically, when the leading asset cracks, other assets decline even more, raising caution for US equities and suggesting an unattractive risk-reward.
Bitcoin bottom forming, undervalued, accumulation rising
Bitcoin is undervalued based on Grayscale's composite on-chain indicator, which has turned negative historically signaling undervaluation. The $60,000 level is likely a historic floor that will not be broken. Additionally, on-chain data shows long-term holders are rapidly accumulating, with their share approaching 60%, a level that previously marked Bitcoin's bottom and preceded rallies.
CME altcoin basket boosts major altcoins
CME's launch of a first-ever basket futures index covering major altcoins including Bitcoin Cash, Ethereum, Solana, Ripple, Cardano, Chainlink, and Stellar will open institutional access and increase demand for these top altcoins, making them attractive.
Up Next
This 3PRO TV (삼프로TV) video, published June 11, 2026, features Park Sang-hyuk discussing SMH, SPY, BTC, ETH, SOL. 3 trade ideas extracted by AI with direction and confidence scoring.