Bitcoin is trading in a tight consolidation range near $105,000 after briefly spiking to $106,450, but analysts warn of increased volatility ahead due to excessive leverage in the derivatives market.
On June 2, prominent technical analyst Willy Woo sounded the alarm, stating, “Now is a bad time to take paper bets on BTC.” He emphasized that Bitcoin is currently in “open season on liquidation hunts,” where whales exploit overleveraged positions in the futures market to trigger cascading sell-offs and price dips.
“Spot BTC prices are hard to move up with too many casino hitchhikers onboard,” Woo noted, referring to the excessive use of leveraged instruments like futures, options, and perpetuals that distort true price action.
According to Coinglass, open interest (OI) in BTC futures hit a record $80 billion on May 23 before slightly declining to $72 billion—still an alarmingly high level. Woo warned that such conditions are ripe for “liquidation flushes” that can amplify downward pressure.
This warning comes just days after a $100 million liquidation hit prominent Hyperliquid trader James Wynn. Woo pointed to low spot buying pressure and seasonal thin trading as conditions enabling whales to manipulate prices.
Cardano Eyes DeFi Bridge to Bitcoin as Altcoin Season Builds
While Bitcoin wrestles with leverage-driven turbulence, Cardano (ADA) has surged 100%, thanks to rising interest in DeFi and multi-chain interoperability. Charles Hoskinson, Cardano’s founder, emphasized the platform’s goal to integrate Bitcoin into DeFi without compromising BTC’s core principles—such as requiring all transactions and returns in BTC.
“We’ve created a way to connect Bitcoin to DeFi — without altering what makes Bitcoin unique,” said Hoskinson.
Cardano also announced plans to incorporate XRP into its DeFi ecosystem, aiming to build a more interoperable, scalable, and globally inclusive blockchain network.
Tom Lee Reaffirms Bullish Bitcoin Outlook
Meanwhile, Tom Lee, co-founder of Fundstrat, offered an extremely bullish outlook for Bitcoin on CNBC’s Squawk Box. He cited surging global liquidity and a dovish Fed outlook as major tailwinds, calling BTC a “liquidity-sensitive asset.”
“Bitcoin could reach $150,000 to $250,000 this year,” Lee stated.
He further pointed to long-term scarcity, noting that while 95% of BTC has been mined, 95% of the global population still doesn’t own any. If Bitcoin captures gold-level market capitalization (~$23 trillion), Lee believes BTC could eventually reach $1.2M to $3M per coin.
In the short term, Bitcoin faces heightened risk due to rampant leverage and thin market liquidity, setting the stage for possible liquidation-driven volatility. However, the long-term narrative remains highly bullish, underpinned by institutional interest, rising liquidity, and infrastructure developments led by platforms like Cardano. As Woo warns of short-term purges, investors like Lee remain focused on the decade-long potential of BTC.
Bitcoin (BTC) Price Overview 3.06.2025
Source: TradingView
Bitcoin has experienced a 3.91% price drop over the past week. Despite this short-term decline, it has risen by 9.61% in the last month and 6.72% over six months. These figures indicate a general upward trend amid some volatility.
Currently trading between $102,408 and $109,936, Bitcoin is nearing its nearest resistance level at $114,097. If it breaks through this point, the next target could be $121,625. On the downside, support levels are at $99,039 and $91,511, which may serve as stabilization points if prices fall further.
Technical indicators show mixed signals. The 10-day Simple Moving Average is $105,580, slightly above the 100-day average of $104,803, hinting at a short-term bullish trend. The Relative Strength Index stands at 49.63, suggesting Bitcoin is neither overbought nor oversold. With a Stochastic value of 40.45 and a MACD level of 126.94, there is potential for upward movement. Based on this data, Bitcoin’s price may rise, possibly reaching new resistance levels and achieving gains similar to the past month’s increase.
While Bitcoin Battles Leverage Chaos, XYZVerse Taps Into Sports-Driven Utility and Meme Hype
As Bitcoin (BTC) continues consolidating near $105K, technical analyst Willy Woo warns of “open season on liquidation hunts.” With open interest still hovering above $70 billion and whales triggering liquidations in thin markets, Bitcoin’s near-term trajectory may remain turbulent. Despite long-term optimism, the short-term is bogged down by derivatives speculation and leveraged volatility.
In contrast, XYZVerse (XYZ) is generating buzz by offering something that most meme coins—and even Bitcoin—can’t: utility from day one. Instead of relying solely on hype cycles, XYZVerse is building a sports-centric ecosystem powered by a deflationary meme token and real-world use cases in entertainment, DeFi, and gaming.
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This collaboration lets $XYZ holders earn bonuses on their first bet, driving immediate token demand and offering a direct bridge between sports fandom and crypto rewards. It’s a tangible benefit, not just hype — and helps position XYZVerse as more than a speculative play.
Why $XYZ Could Be the Next Meme Coin to Watch
Meme coins typically struggle to break the $1 barrier due to massive token supplies. XYZVerse, however, launched with a 100 billion supply and plans to burn over 17%, making it more scarcity-aligned than peers like SHIB or DOGE.
Factors Driving the $1 Potential:
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With a growing fanbase, bullish roadmap, and clear value propositions, XYZVerse is well-positioned to emerge as a rare utility-backed meme coin that actually delivers.
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Final Thoughts
While Bitcoin wrestles with whales and leveraged bets, XYZVerse is forging a new category — where memes meet markets and fun meets function. If it hits $0.10 at listing and continues building utility, XYZVerse could very well be the next breakout story of the 2025 bull run.
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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2025/06/bitcoin-faces-volatility-risks-amid-high-leverage-analysts-still-eye-long-term-surge