The cryptocurrency market experienced a notable increase of 3.9% on June 10, reaching a total market capitalization of $3.41 trillion. This surge is attributed to a consistent inflow of capital into crypto investment products, marking the seventh week of positive deposits totaling $224 million as institutional investors show growing confidence in digital assets. Ether led the inflows with $296.4 million for the week. Additionally, a wave of short liquidations, totaling over $451 million, has triggered a significant short squeeze, particularly benefiting Bitcoin, which is advancing towards $110,000. The market is also validating a bull flag pattern, suggesting a potential target of $4.36 trillion if resistance levels are breached. The Relative Strength Index indicates increasing bullish momentum, supported by a golden cross in moving averages. This overall positive sentiment in the market could point towards sustained growth in the coming weeks.

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