在ETF流动，期权到期和通货膨胀方面，比特币跳舞接近107,000美元。本周的加密评论将关键水平带入了下一个大举动的潜在触发器。

Bitcoin, Options Expiry, Crypto Review: Navigating the $107K Battleground

比特币，期权到期，加密货币评论：浏览$ 107K的战场

Bitcoin's been stuck in a tactical tug-of-war around $107,000 as June wraps up. ETF inflows offer support while a massive options expiry looms. Let's break down what's driving the crypto market.

随着6月的总结，比特币被困在战术拔河比赛中左右。 ETF流入提供支持，而大规模的期权迫在眉睫。让我们打破驱动加密市场的原因。

Options Expiry Volatility

选项到期的波动

The big news? A whopping $40 billion in Bitcoin options are expiring. This creates a "max pain point" around $102,000, potentially limiting upward movement and increasing the risk of a temporary dip. Buckle up for potential volatility!

大新闻？高达400亿美元的比特币选择即将到期。这会产生一个约102,000美元的“最大疼痛点”，可能会限制向上移动并增加临时下降的风险。扣紧潜在的波动！

Institutional Inflows vs. Onchain Apathy

机构流入与OnChain冷漠

Institutional demand via spot Bitcoin ETFs remains strong, adding over $4 billion in net flows. BlackRock's IBIT now controls a staggering $75 billion in Bitcoin, representing 3% of the circulating supply. However, onchain activity is weakening, with declining transfer volume and fading profitability metrics. Are long-term holders the only ones still in the game?

通过现货比特币ETF的机构需求仍然很强劲，增加了超过40亿美元的净流量。现在，贝莱德的IBIT控制着一个惊人的750亿美元的比特币，占循环供应的3％。但是，随着转移量的下降和褪色的盈利指标，OnChain活动正在减弱。长期持有者是游戏中唯一的持有人吗？

Technical Levels to Watch

要观看的技术级别

Bitcoin's caught in a descending channel, with resistance near $108,000–$110,500 and support around $103,400–$104,600. A daily close above $108K could signal a move towards $112,000, while a dip below $104K might trigger a slide towards $98,500. Keep an eye on these levels!

比特币陷入了下降频道，电阻接近$ 108,000- $ 110,500，支持约$ 103,400- $ 104,600。每天关闭$ 108K的收入可能会指示向$ 112,000的转移，而低于$ 104K的下跌可能会触发幻灯片，直达98,500美元。密切关注这些水平！

Macro Headwinds: Inflation Sticking Around

宏观逆风：通货膨胀挂在周围

The macro picture isn't helping. Core PCE inflation data rose to 2.7%, reducing the likelihood of a summer rate cut by the Fed. Tighter financial conditions historically put pressure on risk assets like Bitcoin. Will Bitcoin decouple, or will macro forces prevail?

宏观图片无济于事。核心PCE通货膨胀数据上升到2.7％，降低了美联储削减的夏季率的可能性。历史上，财务状况更严格，对比特币等风险资产施加压力。比特币会脱致，还是宏部队会占上风？

Cathie Wood's Bold Prediction

凯茜·伍德的大胆预测

Cathie Wood of ARK Invest suggests Bitcoin holders might soon be able to get home equity loans via Coinbase. This signals the growing integration of crypto with traditional finance. Fannie Mae and Freddie Mac are even exploring incorporating crypto into mortgage applications' reserve requirements. Exciting times, but regulatory clarity is crucial!

方舟投资公司的Cathie Wood建议比特币持有人很快就可以通过Coinbase获得房屋净资产贷款。这表明了加密货币与传统金融的日益融合。房利美（Fannie Mae）和房地美（Freddie Mac）甚至在探索将加密货币纳入抵押贷款申请的储备要求。令人兴奋的时刻，但是监管清晰度至关重要！

Final Thoughts

最后的想法

Bitcoin's at a crossroads. Options expiry, ETF flows, and macro conditions are all battling for control. Whether you're a seasoned trader or just dipping your toes into the crypto waters, keep an eye on those key levels and remember to stay diversified. And hey, maybe one day you'll be using your Bitcoin to buy a house! Stranger things have happened, right?

比特币在十字路口。期权到期，ETF流和宏观条件都在为控制作斗争。无论您是经验丰富的商人，还是只是将脚趾浸入加密货币水域，请密切关注这些关键水平，并记住保持多元化。嘿，也许有一天您会使用比特币购买房屋！陌生人的事情发生了，对吗？