Bitcoin [Photo: Shutterstock]

[DigitalToday reporter Yoonseo Lee (이윤서)] Bitcoin neared $67,000 alongside gains in U.S. stocks, but the market is increasingly wary it may fail to hold onto the rally.

Cointelegraph reported that on June 15 local time, bitcoin extended gains around the U.S. stock market open, rising a further 1.5 percent from the weekly close.

The rise coincided with a broader risk-asset move higher on expectations of a ceasefire deal between the United States and Iran. As details of an Iran ceasefire deal expected to be signed this week emerged, the S&P 500 and the Nasdaq Composite rose as much as 2.4 percent. U.S. President Donald Trump said oil shipments through the Strait of Hormuz were already increasing, saying, "Ships have started moving again, and vessels are leaving the Strait of Hormuz carrying oil."

Views were divided on whether bitcoin can extend gains. Trader Killa focused on this week’s move, looking for the possibility of another rejection near the $67,000 area. The view was that a short-term rebound could continue, but it has not been confirmed whether bitcoin can settle in the key resistance zone. JDK Analysis said it was still too early to judge a reliable bottom, but a break of key resistance and a return into a prior value area could open room for larger gains.

In the short-term supply-and-demand picture, short-position liquidations were concentrated around the U.S. market open. CoinGlass data showed that as bitcoin rose, it absorbed upside liquidity and swept up short liquidations. Others pointed out that liquidity is thin on both sides of the order book, creating conditions where prices can be pushed higher more easily.

In derivatives markets, a buffer factor was also spotted. Glassnode said bitcoin is re-entering a zone around $65,000 where large option positions are clustered, and dealer hedging flows in that area could work in favor of market stability. Glassnode said that if prices move into that zone, hedging demand could support the market and help stabilise trading after recent high volatility.

Spot demand also showed some signs of recovery. Glassnode said after bitcoin slid to the $60,000 level, the accumulation trend score has been rising again across several wallet cohorts, indicating investors are buying after the decline and supply is being absorbed.

That has made the next key focus whether bitcoin can actually break through and hold resistance near $67,000. Even if risk appetite persists and options-market support takes effect, prices could reverse quickly in a thin-liquidity environment, keeping near-term volatility risks in focus.

The move showed that bitcoin’s price rebound is being influenced simultaneously by macro factors and market microstructure. Signs of recovering spot demand and the options-market buffering effect were confirmed, but thin liquidity also highlighted the risk of renewed near-term volatility.

Expecting something like this for $BTC on the LTF. This week is shaping up to be very interesting. https://t.co/HSJbhgQ9kS pic.twitter.com/KWdL8VpXqn

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#Bitcoin #Cointelegraph #S&P 500 #Nasdaq Composite #Glassnode
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