According to @KookCapitalLLC, Bitcoin (BTC) has strongly rebounded towards $110,000, trading around $109,500 for a 3.5% gain in 24 hours, buoyed by broader risk-asset optimism following a U.S.-Vietnam trade deal. Crypto sentiment received an additional boost from the successful debut of the REX-Osprey Solana + Staking ETF (SSK), which saw a strong first-day trading volume of $20 million, as highlighted by Bloomberg analyst Eric Balchunas. Looking ahead, Vetle Lunde from K33 Research anticipates a potentially volatile July for BTC, citing key dates including a controversial expansionary budget bill, a July 9 tariff deadline, and a July 22 deadline for a crypto executive order. However, Lunde notes that crypto leverage remains contained, suggesting that traders should consider maintaining spot exposure. In other news, Polyhedra (ZKJ) announced a buyback plan after its token price fell 80% due to an alleged coordinated liquidity attack, for which the team injected approximately $30 million in liquidity.

According to @CrypNuevo, the recently launched Nicholas Crypto Income ETF (BLOX) is gaining traction, having registered net inflows of approximately $4.52 million since its debut on June 17. The actively managed fund provides diversified exposure through a three-sleeve strategy: investing in crypto-related equities like Coinbase (COIN) and Marathon Digital (MARA), holding spot Bitcoin (BTC) and Ether (ETH) ETFs, and generating weekly income by writing options spreads on its holdings. David Nicholas, CEO of XFUNDs, stated the fund is open to including other altcoin ETFs, such as a potential Solana (SOL) ETF, upon regulatory approval. In other market-moving news, crypto protocol Polyhedra has announced a buyback plan for its ZKJ token after its price plummeted over 80%. The team attributes the crash to a coordinated liquidity attack and has since injected about $30 million in USDT, USDC, and BNB to provide DEX liquidity and restore confidence.

According to @MilkRoadDaily, crypto research strategist Matt Mena from 21Shares states that a Bitcoin (BTC) price target of $200,000 by year-end is now 'firmly in play' following softer-than-expected U.S. inflation data. Mena suggests that a definitive break above the $105,000-$110,000 range could trigger a sharp move to $120,000, with the cooling CPI strengthening the case for Federal Reserve policy easing. The market's resilience, with BTC holding above the key $100,000 level despite geopolitical tensions, is viewed by QCP Capital as a bullish indicator of institutional adoption. However, traders should be aware of potential downside risks in the altcoin market, as LondonCryptoClub highlights large upcoming token unlocks for projects like Arbitrum (ARB), ZKsync (ZK), and Sui (SUI) that could create significant selling pressure. Additionally, Polyhedra's ZKJ token recently plummeted 80% post-launch after a liquidity pull caused over $100 million in derivative liquidations, serving as a cautionary tale.

According to @KookCapitalLLC, the crypto protocol Polyhedra saw its native token, ZKJ, plummet by over 80% following what the team described as a coordinated liquidity attack. The team's initial post-mortem cited several factors, including a significant attack on the ZKJ/KOGE liquidity pool on PancakeSwap. On-chain data reportedly confirmed that several addresses drained millions from the pool and subsequently dumped large quantities of ZKJ tokens, triggering a liquidity spiral. In response, the Polyhedra team injected approximately $30 million in USDT, USDC, and BNB to bolster DEX liquidity and announced a forthcoming buyback plan to restore market confidence. The team also affirmed that none of their own ZKJ holdings were sold during the incident.

According to Ai 姨 (@ai_9684xtpa), the recent crash of ZKJ/KOGE and the launch of UpTop TGE have made liquidity pool (LP) strategies a trending topic among crypto traders. With growing concerns over impermanent loss (IL) and LP evolution, tonight's discussion hosted by UpTop and four.meme aims to provide actionable trading insights for navigating LP risks and opportunities. Traders should pay close attention to the shifting LP landscape, as LP dynamics often signal broader market trends and can impact the volatility and price discovery of tokens like ZKJ and KOGE. (Source: @ai_9684xtpa on Twitter, June 20, 2025)

According to Ai 姨 (@ai_9684xtpa), following the flash crash of ZKJ and KOGE, Alpha's 24-hour trading volume has declined for eight consecutive days, reaching a monthly low of $770 million (source: Twitter, June 16, 2025). The number of addresses engaged in Alpha 16-point farming dropped to 86,000, down from a peak of 115,000. High volatility now impacts all major trading pairs, making it challenging for traders to identify reliable farming targets. This downturn in activity and liquidity signals increased risk, and traders are advised to closely monitor exchange order book depth and volatility metrics before entering positions. The sharp decline in user participation and volume may continue to affect the broader crypto market, particularly for tokens with similar profiles.

According to @nansen_ai, traders can efficiently identify large ZKJ and KOGE token sell-offs by using Nansen's Token God Mode. The method involves searching the token contract address, selecting the 'Who Bought/Sold' feature, narrowing the time range to 1 hour, and reviewing addresses with over 1 million in transactions. This process enables rapid detection of significant DEX sell-off activity, helping traders anticipate price movements and manage risk accordingly (Source: @nansen_ai on Twitter).

According to Lookonchain, on-chain data revealed that prior to the ZKJ crash, numerous wallets began removing liquidity from both ZKJ and KOGE pools. Traders were observed exchanging KOGE for ZKJ and then rapidly dumping ZKJ, contributing to the price decline (source: Lookonchain via Twitter, June 15, 2025). These liquidity movements served as early warning signs for active traders, indicating potential volatility and increased risk in both ZKJ and KOGE markets. Monitoring such wallet activity can provide valuable insights for short-term trading strategies during periods of market instability.

According to @ai_9684xtpa on Twitter, ZKJ token experienced a dramatic 81% drop in market capitalization within a single day, wiping out over $2 billion in value. This decline far exceeds the combined airdrop value of all Binance Alpha projects to date, which totals only $377 million. Such a sharp and rapid loss highlights the extreme volatility and risk environment in the crypto market, especially for traders participating in newly listed tokens and airdrop events (Source: @ai_9684xtpa, June 15, 2025).

According to Ai 姨 (@ai_9684xtpa), the sequential sell-off of KOGE followed by ZKJ was primarily driven by the presence of derivatives contracts for ZKJ, enabling traders to short on exchanges while simultaneously selling on-chain. Additionally, ZKJ offers higher liquidity compared to KOGE, making downward price pressure on ZKJ require more capital commitment. The report also clarifies that while the sell-off started at 8:30, the price action on both tokens experienced a delay in their candlestick charts, likely due to on-chain transaction processing and exchange order book latency. Active traders should monitor liquidity pools and contract positions for both tokens to anticipate further volatility. (Source: @ai_9684xtpa, June 15, 2025)

According to @ai_9684xtpa, both ZKJ and KOGE experienced a sudden 3% price drop following significant sell-offs linked to address 0x364...f18e9. At 21:49, this address withdrew 1.29 million ZKJ and 8,667 KOGE from OKX liquidity pools, then executed large sales. Specifically, $3.1 million worth of ZKJ was sold between 21:21 and 22:05, and $550,000 of KOGE was sold at 21:20. These aggressive moves triggered rapid declines in both tokens, highlighting liquidity vulnerabilities and the impact of large holders on short-term market stability. Traders should monitor on-chain activity and liquidity pool shifts for ZKJ and KOGE to anticipate further volatility. (Source: @ai_9684xtpa, Twitter)