Bitcoin’s $110K Surge: Anatomy of a Wall Street Raid

The ETF Blitzkrieg

When Bitcoin pierced \(110,000 on June 3rd, CME traders witnessed something unprecedented. Over \)2.7B in spot ETF flows vaporized short positions within hours—a surgical strike executed by BlackRock’s IBIT and friends. As someone who’s modeled crypto markets since 2019, I recognized this playbook: liquidity traps, volatility suppression, and the kind of technical setup that makes TA purists weep.

Macro Tailwinds Turn Hurricane

Behind the charts:

• Fed Pivot: With core PCE at 2.52%, Powell signaled rate cuts → $30.3B weekly ETF inflows
• Policy Capture: Trump’s GENIUS Act shackled stablecoins to Treasuries (hello, new dollar weapon)
• Geopolitical Chess: Norway’s sovereign fund quietly amassed 42k BTC ($4.6B) while Asian retail chased 125x leverage

The Death of Crypto’s Soul?

Irony alert: While Bitcoin hit all-time highs:

• On-chain activity dropped 17%
• Stablecoin market cap shriveled by 37%
• Larry Fink now influences price more than any miner

The very ETFs meant to ‘legitimize’ crypto are draining its revolutionary DNA. As I told my hedge fund clients last week: “You’re not buying decentralized money—you’re frontrunning BlackRock’s collateral factory.”

Pro tip: Watch Whale Alert for OTC trades. When World Liberty Financial (cough*Trump*cough) scooped 32k BTC pre-surge, the writing was on the blockchain.