China Injects $139B Into its Economy; James Wynn Calls—Bitcoin is The King

In an economic climate characterized by increasing monetary expansion and escalating geopolitical uncertainty, Bitcoin continues to gain momentum as a key financial asset. Recent developments highlight a structural shift toward digital assets, especially among institutional and corporate players.

On June 7th, James Wynn, a prominent whale trader in the crypto space shared an update that China has injected $139 billion worth of liquidity into its economy, which is a long planned move by the country. This event aligns with a broader global trend of central banks printing fiat money at unprecedented levels. Against this , Bitcoin is emerging as a digital hedge, steadily absorbing excess liquidity from fiat systems around the world.

According to data from , the number of large holders of CME Bitcoin futures has surged to an all-time high of 217. This marks a 36% increase since January, indicating steady accumulation by institutions. These participants are not reacting to short-term headlines but are building long-term positions.

Furthermore, corporate entities are joining the fray. GameStop has reportedly added Bitcoin to its treasury, and Trump Media has raised $2.3 billion with plans to purchase Bitcoin. These developments signal growing confidence in Bitcoin as both a store of value and a strategic reserve.

Prominent market analyst Michaël van de Poppe notes that Bitcoin has reclaimed a crucial resistance zone. The price recently swept liquidity below $100,739 before rebounding sharply. This indicates that the market cleared stop-loss levels and attracted strong buyer interest. Technical indicators, such as volume and RSI, suggest bullish momentum.

The key resistance level stands at $105,800. A confirmed breakout above this level could trigger a significant rally. This is due to a buildup of short positions and a demand imbalance in the market. However, failure to break above may lead to a retest of the $100,739 or even $91,770 support zones.