Market Momentum Builds for Crypto

US equity futures reached unprecedented levels this Thursday, with S&P 500 contracts hitting 6,145 points and Nasdaq futures peaking at 20,180. This 23% rebound since April's market dip coincides with easing geopolitical tensions and renewed optimism about Federal Reserve rate cuts —— potentially creating ideal conditions for Bitcoin's next major surge.

The Stock-Crypto Correlation

Analysts observe striking parallels between traditional and digital asset markets. Nick Ruck of LVRG Research notes: "The same forces driving equities —— cooling inflation and Middle East de-escalation —— are removing barriers for crypto." Derivatives data reveals traders positioning for potential breakouts, with Bitcoin repeatedly testing the $108,000 resistance level this week.

Technical Indicators Flash Green

【Market Data】 shows Bitcoin maintaining strength near $107,400 despite recent pullbacks. BTSE's Jeff Mei highlights: "The technical setup resembles previous pre-breakout patterns, especially with stablecoin legislation progress adding regulatory clarity." Notably, crypto-linked stocks like Coinbase have already achieved record highs, often a leading indicator for Bitcoin movements.

The Fed Factor

All eyes turn to Friday's PCE inflation report, which could cement expectations for July rate cuts. Markus Thielen of 10x Research cautions: "While macro conditions improve, options market activity currently caps upside volatility." However, history shows Bitcoin frequently accelerates after prolonged consolidation near record levels.

Institutional Winds Shift

——The passage of US stablecoin bills and resumption of institutional inflows create fundamentally different conditions than Bitcoin's 2021 peak—— Industry observers point to growing CME futures open interest and surging ETF volumes as evidence of deepening market maturity.

Global Ripple Effects

Asian markets particularly respond to these developments, with Hong Kong's crypto ETFs seeing record inflows this week. The Shanghai-Nanjing tech corridor reports increased mining activity as energy costs stabilize, suggesting miners anticipate higher valuations ahead.