Analyst: If Bitcoin holds at $108,000, it is expected to reach as high as $112,000.

BlockBeats news, on June 30, according to Decrypt, the market is focusing on global macro events this week, including the European Central Bank’s annual policy forum and Federal Reserve Chairman Powell’s appearance on Tuesday. Although Bitcoin price movement is relatively stable, signals released from the derivatives and on-chain markets indicate that market volatility may soon return. Traders are closely watching changes in statements from major Central Banks, which could affect the overall risk appetite of both the crypto and traditional markets. Analyst Axel Adler Jr. stated that whales are transferring large amounts of funds to centralized trading platforms. This pattern, combined with the decline in trading platform reserves and weakening inflows of stablecoins, usually indicates that the market is about to experience significant fluctuations. As long as Bitcoin holds above $108,000, the basic scenario is a continued rise, with a target at $112,000.