June 30 news, according to 4E observation, as of 15:00 (UTC+8) on June 30, 2025, Bitcoin (BTC) reported US$107,631, and remained fluctuating in the range of US$106,300 to US$108,700 in the past 72 hours, and the volatility has stabilized. Ethereum (ETH) rose slightly to $2,500, Solana and Cardano rose simultaneously, and the total market value of the crypto market rose to approximately $3.28 trillion. On-chain data showed that the exchange bitcoin balance fell to an all-time low, indicating that long-term funds continue to be attracted, supporting the market bottom structure. At the same time, the expiration of Deribit's options last Friday did not have a significant impact on the market, releasing short-term pressure. On the macro level, the latest statement by Federal Reserve officials is still dovish, strengthening market expectations for interest rate cuts in July or September. The weakening of the US dollar index and the decline in US bond yields provided certain support for encrypted assets. In addition, the World Bank recently released a report stating that although crypto assets have liquidity advantages, they are not yet suitable for becoming official reserves, reflecting that their institutional attributes are still developing. Overall, BTC is at the intersection of technical consolidation and macro policy games. The market direction is not yet clear, but the bottom support is strong and the funding side is stabilizing. 4E reminds investors: Short-term market volatility still exists, operations should pay attention to policy dynamics and capital flows, and maintain prudent position management.