Bitcoin climbs to 107K because “chariot fades out, risk appetite roars”

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When Asia begins Thursday’s trading day,

Change hands above $107K, According to Coindesk market dataand Coindesk 20The measurement of the largest digital assets was only 3,000, an increase of 0.7%.

Looking back on this week, analysts and market observers are considering the sell-off in the Middle East, the Israeli and Iran trade rocket fires, and the U.S. bombing campaign on Iran’s nuclear facilities, turned into a textbook rally that turned into a person who made cryptocurrencies, technology stocks and the broader market sentiment similar.

“The war drums are gone, the roar of risk revelry,” QCP Capital wrote in a market notes on June 25. “Traders seem to have already set a price with a resolution or just stop waiting for one. Instead of flight safety, go all out.”

This shift is visible in asset classes. U.S. stocks surged, oil prices fell back to pre-conflict levels, while Coinbase stock jumped 12% in regulatory news.

For BTC, a rebounding signal above $107K is not only eased, but also updated momentum, even as investors keep focusing on the macro calendar while the other is focusing on global flashpoints.

“This has been a sharp week in cryptocurrency,” said OKX Singapore CEO Gracie Lin. “Bitcoin fell $100,000 earlier in the week when tensions in the Middle East rocked the market, but rebounded quickly after the news of the ceasefire – now trading is just below its all-time high.”

Lin pointed to a number of U.S. economic data, including GDP and unemployment claims, which is the next catalyst for the BTC movement later this week.

“Recent PMI numbers have remained stable, but the continued weakness in housing has raised questions about the broader economy,” she said. “If Thursday’s GDP or unemployment claims are weaker than expected, Bitcoin could benefit as investors look for hedges targeting weaker traditional markets.”

In addition, the quarterly expiration of Bitcoin futures and options, and the volatility may be valid. “Another round is expected,” Lin said.

Meanwhile, QCP is moving beyond this week’s swing, focusing on evolving Bitcoin into a structural force for macro assets.

Institutional momentum continues to build from Procap’s $386 million BTC purchase to Coinbase amid MICA’s regulatory victory.

“If this cumulative trend persists, Bitcoin may not only match gold as a macro hedge, but may also compete in total market capitalization,” the QCP wrote.

Nevertheless, QCP cautiously added: “Geopolitics remains a permanent undercurrent.”

Despite the market shrugging to a large extent, concerns over NATO-Russia tensions are still growing. As Western countries raise their defense budgets, Trump will attend the NATO summit, and the next geopolitical shock may not come from the Middle East.

For now, Bitcoin is waving its risk enthusiasm. But under the ground, the battles, battles and buying frenzys between volatility and conviction continue to define the market.

Analysts explain

For overseas crypto projects, gold tickets are listed on Korean exchanges such as Upbit or Bithumb, instant liquidity injection and verification milestones.

However, this mentality may be part of the problem, explains Bradley Park, an analyst with DNTV research in a recent interview with Coindesk.

Last year during South Korea’s Blockchain Week, Parker kept hearing the same questions from foreign teams:

“How do we list it in Korea exchange? ”

South Korea has a deep liquidity pool in exchanges, and traders in the country are known for their euphoric gatherings.

“Honestly, many of them approached it in the wrong way,” Parker told Kodsk. “Perhaps the better question is: How can we really connect with the Korean community?”

Park’s paper is simple: In the Korean Web3 market, the community is not a checkbox. This is the core. Lists are usually results, not targets, and the key signal of exchange is real grassroots activity.

Take Newt as an example. As its token generation activity progresses, South Korea’s Degens lights up platforms like Kaito with native content, discussions and speculation.

“This grassroots excitement directly translates into momentum,” Parker said. “The existing upbit and Bithumb listed NEWT on the same day. That’s no coincidence. This is the result of the accumulation of the organic community for weeks. ”

But the park warns not to consider Newt as the perfect blueprint.

“It’s not a perfect model, but it does show how fundamental respect for the Korean community translates into visible results,” he said.

“That is, the subsequent price drop and short-term excitement of fading puts the project in another challenge: keeping the spark alive is as difficult as lighting it in the first place.”

Another example: Edward Park, a well-known Korean influencer and early chunky penguin holder, posted information about Newt among Koreans, gaining more than 50,000 views. Bradley Park believes that while this doesn’t seem to be much, it’s important to be the quality of participation.

Thanks to Edward Park’s trust, he attributed a single position to catalyzing interactions with other key stakeholders in the Korean cryptocurrency space.

Projects that treat Korean users as exiting liquidity rather than stakeholders tend to be penalized.

Park pointing to Zora casewhere Korean users showed strong early participation, but after perceived unfair airdrop, the project felt pain for the project.

“Interest in future basic ecosystem projects has declined. They failed to open the virus in South Korea because users feel they don’t take it seriously.”

Localization is also important, especially languages. The park compared two projects: cookieSuffering from poor translation, low-quality content, and Katoinvest in Korean-speaking employees and specialized Local language exercises followed by pumping after its Upbit was launched.

lesson? If your entry strategy starts with “List, dump tokens”, don’t expect Korean users to play together.

“Even if your goal is to exit through Korean exchanges, at least respect Korean users, encourage their participation and recognize their contributions,” Parker said.

Community-driven token lists are possible, but they are fragile.

“A listing strategy that is purely targeting short-term liquidity will always have its limits,” Parker said. “There is no plan to build lasting trust, and even the most explosive momentum will eventually burn.”

Because in Korea, authenticity is not the atmosphere. This is the price for admission.

Market changes:

• BTC: As a ceasefire, Bitcoin rose 1.46% to $107,600, with $514 million purchased by institutions fueling from $107K below $100,000, with strong support at 107K and CD20 Index up 1.4%.
• ETH: According to Coindesk Research’s technical analysis model, Ethereum rose 1.42% to $2,425.53, rebounded from the recent Middle East ceasefire and continued whales to build up market sentiment and helped defend the major $2,400 support.
• Gold: As the market digests the Israel-Iran ceasefire and lingering global tensions, gold prices are as high as $3,340.90, silver to $35.79, and with the trading nation David Morrison warns that the unresolved U.S.-China trade issues still pose risks.
• Nikkei 225: Japan’s Nikkei 225 rose 0.4% as investors weighed the Israel-Iran ceasefire, Asia-Pacific markets opened on Thursday.
• S&P 500: U.S. stock futures were flat on Wednesday, with the S&P 500 near the S&P 500, but analysts warned that geopolitical or black swan events could stop rallying.

Encryption elsewhere:

• Tether CEO predicts one trillion AI agents will trade with Bitcoin and USDT within 15 years (piece)
• Animoca Brands’ flagship project MOCA Network to debut L1’s digital identity (Coindesk)
• Leading crypto senators see end of the year as U.S. legislation target (Coindesk)