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📊 Bitcoin & Ethereum Market Update – June 15

🌍 Geopolitical Tensions Drive Volatility!

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💥 Bitcoin (BTC) Analysis

🔻 Price Dip: BTC briefly fell below $103,000 on June 13 amid Middle East tensions but rebounded to $105,000.

📉 24h Volume: ~$6.8B
🛑 Support: $103,000 – A psychological & tested floor
📈 Resistance: $108,000 – May highs, needs strong volume to break

🔍 On-chain Insight:
Big wallets (100–10,000 BTC) did heavy selling on May 27 – signs of short-term profit-taking.

🏛 ETF Outflows:
$129M pulled from US Bitcoin ETFs recently, reflecting institutional caution, though long-term ETF inflows trend remains bullish.

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🚀 Ethereum (ETH) Analysis

📈 Price Recovery: ETH rebounded from a low of $2,458 to $2,542 as of June 15.

📉 24h Volume: ~$12.9B
🛑 Support: $2,408 – Key recent low
📈 Resistance: $2,821 – Late May rally high

🧠 Upgrade Alert:
Ethereum’s Pectra hard fork (Prague + Electra) is testnet ready and launching March 2025, boosting Layer-2 scaling and account abstraction.

💰 Institutional Inflows:
Ethereum ETFs saw $281M inflows (week of June 6) — 4th consecutive week showing strong institutional faith.

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