
Is Bitcoin Poised for a $110K Surge This Q3?
2025-06-29
Author: Li
Bitcoin is experiencing a pivotal moment, fueled by a surge in USDT supply hitting record highs. Is the crypto giant on the verge of a breakthrough, or will shorts ignite a wave of volatility?
The cryptocurrency market finds itself on a precarious edge, with sentiment firmly split as bulls and bears engage in an intense battle for dominance over Bitcoin (BTC). This tension creates a unique opportunity for savvy traders ready to exploit upcoming volatility.
According to AMBCrypto, how this struggle unfolds could define Bitcoin's next significant move.
Bulls and Bears Clash as Bitcoin Holds Ground
As Q2 comes to a close, Bitcoin is rebounding nicely from a dramatic low of $98k, coinciding with a notable easing of macro fears. This turnaround has effectively shaken off bears who anticipated lingering geopolitical turmoil.
Recent futures market data indicates that just 58% of long positions are now in a potential squeeze zone, a notable drop from over 80% a week prior. Clearly, we've witnessed a substantial reset in market leverage.
With Bitcoin inching closer to the ambitious $110k target, short sellers are circling once more. Currently stabilizing in the $106k-$108k range following a breakout earlier in the week, bears now possess a clear level to defend.
Traders like James Wynn, known for leveraging high-stakes BTC positions that frequently result in liquidations, are re-entering the arena. This time, he's made headlines with a hefty 40x short worth $1.49 million, dangerously positioned near a liquidation point of $108,630. Could his bold strategy spark a pivotal spike in Bitcoin's volatility?
The $110K Dilemma: Breakout or Rejection?
Unlike the rapid rebound earlier in June, where Bitcoin surged nearly 10% from a low of $100,424 in just four candles, the current price action appears far more deliberate.
This tempered pace aligns with a significant macro indicator: Tether's (USDT) circulating supply has reached a new all-time high of $158 billion, signaling increased liquidity in the stablecoin market.
In this light, Bitcoin's steady ascent may signify not just speculative buying but a smart accumulation of assets, especially as industry giant BlackRock reportedly invests $1.15 billion in BTC each week.
As such, Bitcoin's current consolidation might just be the springboard for a strategic retest of the coveted $110k mark heading into early Q3.