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Bitcoin at the Crossroads: $100K Support, Political Power Plays, and airdrop scams flood the space

With Bitcoin hovering around $106K, bulls are hoping the $100K floor holds while Ethereum gains traction on Binance. Meanwhile, political fireworks, scam warnings, and Michael Saylor vs. quantum computing add fuel to an already volatile market.

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Joe G & Money Talks
June 09, 2025 • Estimated Reading Time: 7 minutes

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Bitcoin Bulls Hold $100K, Eye $120K Breakout

Bitcoin reclaimed $106K at the weekly close, hinting at renewed strength. But below the surface, short-term holders and liquidity traps suggest the battle isn’t over.

"The goal is for Bitcoin to daily close above $106,600 for bullish continuation."

  • CryptoQuant flags $106.2K as resistance due to short-term holder profit-taking.

  • Traders watching $100K closely: breakdown could trigger $15B in short liquidations.

  • CPI and PPI this week may set the stage for June FOMC volatility.

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Airdrop Scams Surge — Here’s How to Stay Safe

With $9.9B in losses from crypto scams in 2024 alone, fake airdrops are a growing threat. Scammers mimic legitimate projects to steal wallets through phishing links and malicious smart contracts.

  • Red flags: poor grammar, fake social proof, seed phrase requests, urgent CTAs.

  • Fake airdrop cases: Hamster Kombat, Wall Street Pepe, HEX, SUI, LayerZero.

  • Use tools like Revoke.cash and avoid links not shared on verified project accounts.

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