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<h2 class="font-headline-sm font-medium"><strong>Good Morning, Asia. Here's what's making news in the markets:</strong></h2>
<p><em>Welcome to Asia Morning Briefing, your daily resource for key stories during U.S. hours along with a recap of market movements and insights. For an extensive look at U.S. markets, check <a target="_blank" href="https://www.coindesk.com/daybook-us">CoinDesk's Crypto Daybook Americas.</a></em></p>
<p>As Asia starts its trading day, Bitcoin is above $104,500. Despite potential geopolitical tensions in the Middle East, its market movement is minimal. In fact, Bitcoin has only dipped by 2% over the last week, as per <a target="_blank" href="https://www.coindesk.com/price/bitcoin">CoinDesk market data</a>.</p>
<p>Market analysts are divided over whether this calmness in the crypto sector indicates resilience or if there are underlying issues. Recent reports from <a target="_blank" href="https://cryptoquant.com/community/dashboard/66c366531dad4a62a5d42c79">CryptoQuant</a>, <a target="_blank" href="https://insights.glassnode.com/the-week-onchain-week-24-2025/">Glassnode</a>, and trading entity Flowdesk share insights pointing to low volatility, restricted price movements, and a drop in blockchain activity. Retail engagement has decreased, with institutional investors now dominating flow dynamics.</p>
<p>CryptoQuant, however, issues a cautionary note. Their June 19 report warns that Bitcoin could touch the $92,000 support, or even $81,000 if demand continues to decline. Although spot demand is rising, it remains below expected levels. ETF flows are down over 60% since April, and whale activity has halved, with about 800,000 BTC sold off by short-term holders since late May.</p>
<p>Conversely, Glassnode interprets these conditions in a less alarming light. Their analysis indicates a "quiet" Bitcoin blockchain, with fewer transactions and minimal fees, suggesting this may mirror the network's maturation rather than signify weakness. Notably, large-value transfers dominate on-chain trading, hinting at rising institutional use.</p>
<p>Flowdesk's findings balance these perspectives, revealing a slow-down in altcoin movements while maintaining that the market is "coiled" rather than weak. They report a rise in tokenized assets like gold-backed XAUT and increasing stablecoin activity, interpreting the current low volatility as potentially the calm before a significant price shift.</p>
<p>Ultimately, the future remains uncertain, as market sentiments are divided. Even insights from Polymarket bettors show nearly equal chances of Bitcoin hitting $90K or rising to $115K–120K this month. This wrestling between bullish institutional activities and diminishing retail enthusiasm could lead to sharp market shifts ahead.</p>
<h2 class="font-headline-sm font-medium"><strong>Other Headlines:</strong></h2>
<ul class="unordered-list">
<li><strong>BTC:</strong> Bitcoin remains under $105K with persistent resistance at $105,150; strong ETF inflows contrast against bearish short-term trends.</li>
<li><strong>ETH:</strong> Ethereum shows support at $2,490 after a significant sell-off; consolidation in a narrow range may lead to a breakout.</li>
<li><strong>Gold:</strong> Gold remains stable around $3,366 amidst geopolitical tensions and the Fed's positioning, while platinum retreats from a near ten-year peak.</li>
<li><strong>Nikkei 225:</strong> Japan's Nikkei 225 opened 0.24% higher as markets rose ahead of China’s loan prime rate decision, coupled with ongoing regional tensions.</li>
</ul>
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