Bitcoin (BTC) — Onchain News & Whale Tracking

A crypto whale’s entire long positions in Bitcoin (BTC) and Ripple (XRP) were fully liquidated, resulting in losses of approximately $8.42 million.

Per Lookonchain monitoring, a whale with an address starting with 0xf79C had all its long positions liquidated: 809.9 BTC (worth around $47.68 million) and 27.92 million XRP (valued at approximately $28.45 million), incurring losses of roughly $8.42 million.

Bitcoin's Ahr999 bottom-fishing indicator has once again fallen below the key threshold of 0.3, approaching the low it hit on February 6.

Based on real-time data, with Bitcoin’s current price at $59,291 and its 200-day dollar-cost average (C200) at $75,821, Bitcoin’s Ahr999 "bottom-fishing" indicator stands at 0.285. The year’s previous low was 0.27 on February 6. Statistics show that an Ahr999 reading below 0.3 is a rare sign of extreme undervaluation, typically occurring during major market crashes or panic events. Historically, the indicator has fallen below 0.3 on several key occasions: November 2011, when Bitcoin’s price was in the single digits and had not yet gained widespread mainstream acceptance; the bottom of the 2018 bear market (low of around 0.24); the March 2020 "3.16 Flash Crash" (driven by COVID-19 panic); the June 2022 ETH liquidation crash and November 2022 FTX collapse, when it repeatedly hit around 0.27; and February 2026, when it touched 0.27-0.29, near historical lows. BlockBeats Note: This indicator helps Bitcoin dollar-cost averaging (DCA) users make investment decisions by combining timing strategies. It reflects Bitcoin’s short-term DCA returns and the deviation between its price and expected valuation. In Bitcoin’s history, the Ahr999 index has stayed below the bottom line (0.45) for 655 days.

Bitcoin rebounds after a 4.8% flash crash, with $560 million in network-wide liquidations within one hour.

Affected by the US stock market's opening surge and subsequent decline, Bitcoin plunged 4.8% in a flash over the past hour. As of press time, the cryptocurrency has temporarily rebounded to $59,308.38. However, during the flash crash, a total of 5 contract orders worth over $10 million were liquidated across the network, with global liquidations hitting $560 million in the past hour.

Bitcoin fell below $59,000, shedding nearly 4% overall after US stock markets opened.

According to HTX market data, Bitcoin has fallen below $59,000, dropping nearly 4% since the U.S. stock market opened, and is currently trading at $58,894.23.

Bitcoin once again fell below $60,000, dropping more than 2% in the past hour.

According to HTX market data, Bitcoin once again fell below $60,000 after the US stock market opened, dropping over 2% in the past hour and currently trading at $59,757.99. Separately, Coinglass data shows that $102 million in liquidations occurred across the crypto network in the past hour, with long positions accounting for the majority of liquidations.

Crypto assets were sold off again after US stock markets opened, with Bitcoin dropping below $61,000 intraday.

Per HTX market data, major cryptocurrencies have accelerated their decline again after US stock markets opened. Bitcoin dropped below $61,000 intraday and is now trading at $60,738.89. MicroStrategy (MSTR) also fell in lockstep, down 3.33% after opening, at $90.67.

PlanB: Bitcoin is very likely to actually bottom out after falling below $53,000.

Renowned crypto analyst PlanB stated that Bitcoin will likely fall below its realized price (around $53,000) before hitting a genuine bottom, just as it did in every previous bear market. Currently, the curve representing the realized price has nearly overlapped with the black curve denoting the 200-week geometric moving average since 2023.

The crypto market is under pressure due to intensified tech stock sell-offs, with Bitcoin once hitting its lowest level since October 2024.

According to a report by the Financial Times, driven by intensified sell-offs in tech stocks, Bitcoin has plunged to a 20-month low as market risk sentiment continues to weaken. Bitcoin briefly fell below $60,000, with an intraday drop of up to 5.4%, hitting its lowest level since October 2024. Over the past two years, traders have viewed $60,000 as a key support level. This sell-off follows widespread selling of large-cap tech stocks this week. Traders are betting the U.S. central bank will raise interest rates to tackle inflation; higher rates are likely to suppress risk appetite, prompting investors to re-evaluate overvalued assets and shift toward relatively safe assets. In recent years, crypto assets have been highly correlated with stock market moves, but this relationship is now under strain. Bitcoin and Solana have fallen 32% and 47% respectively this year, with no significant recovery even amid stock market rebounds. Part of the reason is declining retail investor demand for crypto, as they turn to chasing volatility in AI-related stocks. Gerry O’Shea, Head of Global Market Insights at crypto asset management firm Hashdex, noted that with large IPOs and AI stocks dominating the market, sentiment remains weak. Analysts currently do not see major catalysts for the crypto market. U.S. capital markets are still digesting SpaceX’s world’s largest IPO, which listed on Nasdaq earlier this month, with AI firms like OpenAI and Anthropic expected to follow. Meanwhile, the U.S. digital asset regulatory bill Clarity Act remains stalled in the Senate. The bill faces strong opposition from the banking sector and has not yet secured enough bipartisan support.

Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $469 million, while Ethereum ETFs saw a net outflow of $30.3 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs recorded a total net outflow of $469 million yesterday. Among this, BlackRock’s IBIT saw a net outflow of $239.3 million, while FBTC posted a net outflow of $120.8 million. In the same period, U.S. spot Ethereum ETFs had a total net outflow of $30.3 million. Of that, BlackRock’s ETHA recorded a net outflow of $8.1 million, and FETH saw a net outflow of $15.7 million.

Strategy’s unrealized losses on its Bitcoin holdings have widened to $12.6 billion.

According to HTX market data, Bitcoin has dropped 3.13% over the past 24 hours, currently trading at $60,775. Strategy’s Bitcoin holdings are currently facing an unrealized loss of 19.7%, amounting to roughly $12.6 billion. As of June 21, Strategy holds a total of 847,363 Bitcoins, with a total cost of $64.1 billion and an average holding cost of $75,651 per Bitcoin.

Jiang Zhuoer: This round of Bitcoin bear market may bottom out in Q4 2026, with a target range of $42,000 to $44,000.

BTC.TOP founder Jiang Zhuoer wrote in a post that Strategy’s modified net asset value (mNAV) has fallen to 0.72, near the 0.7 low hit in May 2022 during the last bear market. Citing recent market sentiment events including STRC’s depegging, he noted that mNAV is now in the bottom zone of this cycle. mNAV usually bottoms roughly six months before Bitcoin’s price. Using the "four-year cycle" and volatility decay model, Jiang projected that this Bitcoin bear market will likely bottom between October and December 2026, with a target price range of $42,000 to $44,000. He added that his recent medium-short term strategy remains focused on selling spot assets and holding short positions, and will switch to buying spot and going long once the expected bottom arrives.

James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.

According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.

Analysis: Bitcoin miners face profit pressure, with around 20% of mining firms now operating below the break-even point.

Bitcoin miners' revenue continues to decline, with the current 7-day average daily income dropping to around $30 million, a notable pullback from the over $50 million level seen last summer. Meanwhile, on-chain transaction fee revenue has fallen to less than $250,000, accounting for an extremely small share of miners' total income. Data from JPMorgan Chase shows the average production cost is approximately $78,000, and Bitcoin’s price has remained below this level for five consecutive months — the longest such stretch in the current cycle. An estimated 20% of miners are already operating at a loss; some high-cost miners have begun frequently powering their mining rigs on and off in response to price fluctuations, leading to a stronger correlation between network hash rate difficulty and Bitcoin’s price. Additionally, Bitcoin’s mining difficulty was adjusted down by roughly 10% in the second week of June, marking the second pullback of the same magnitude this year. Publicly listed mining companies, meanwhile, are relying more on their balance sheets to sustain operations, selling over 32,000 BTC in the first quarter alone to cover operating costs. Analysts note that against the backdrop of continuously shrinking block subsidies and stagnant fee revenue, a recovery in miners’ profits will primarily depend on a rise in Bitcoin’s price.

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

Bitcoin falls below the bottom of the Rainbow Chart, entering the "Bitcoin Is Dead" zone.

Bitcoin has fallen below the lower range of the long-popular valuation model, the Bitcoin Rainbow Chart, marking only the second time in history it has dipped into the purple zone labeled "Bitcoin is Dead" in the original framework. Developed by Reddit user Azop in 2014, the Bitcoin Rainbow Chart uses logarithmic growth curves to track Bitcoin’s long-term price trends, with distinct color zones corresponding to different market sentiment phases. Some Bitcoin holders view the current plunge into this zone as a key buying opportunity, drawing parallels to Bitcoin’s 2022 drop to around $15,000, which later formed the cycle’s bottom. However, analysts are divided on this signal. Markus Levin, co-founder of XYO, said the price’s first break below a range that has held for over a decade signals a structural shift in the model. He does not believe this means Bitcoin is dead; instead, he argues the Rainbow Chart has become invalid. Emad Shahin, COO of Ethra, noted that the Rainbow Chart acts more as a sentiment indicator than a predictive tool. Mark Zalan, CEO of GoMining, added that the "Bitcoin is Dead" zone does not actually mean Bitcoin is defunct—historically, it typically reflects extreme panic and undervaluation, often followed by a recovery. As institutional investors, ETF flows, derivatives activity, and macro factors carry increasing weight in Bitcoin pricing, the validity of relying solely on historical valuation models is waning. Lee stated that Bitcoin’s current position at the Rainbow Chart’s lower levels points to weak market sentiment, but does not guarantee another sharp new low. If risk appetite deteriorates further, Bitcoin still cannot rule out a drop to the $50,000 range.

Bitcoin fell below $61,000.

According to HTX market data, Bitcoin has fallen below $61,000, with a 2.85% decline in the past 24 hours.

Greeks.live: Rising market risk aversion may trigger sudden price movements in Bitcoin around the quarterly expiry period

Researcher Adam from Greeks.live wrote in a note that BTC put options are trading at a rapid pace currently. Over one-third of today’s block option trades are puts, mainly concentrated on put options expiring at the end of this month with strike prices between $60,000 and $63,000, signaling rising market risk aversion. US stocks have seen increased volatility over the past two days; accumulated risks in the broader market are unwinding, and the crypto market has been impacted, leading to a certain correction. Currently, the market is concerned about a synchronized downturn across multiple markets. He notes that with quarterly settlement approaching and low volatility having persisted for a long time, BTC is highly likely to see a sudden price swing.

Bitcoin fell below $62,000.

According to HTX market data, Bitcoin has fallen below $62,000, with a 0.4% drop in the past 24 hours.

Bitcoin breaks through $63,000

According to HTX market data, Bitcoin has broken through $63,000, with a 0.96% gain over the past 24 hours.

21Shares: Bitcoin Could Rebound to $100,000 by End of Year, Current Trend Aligns With Post-Halving Cycle Characteristics

Asset management firm 21Shares has released its mid-year crypto market report, revisiting its 2026 industry forecast and setting a base-case target of $100,000 for Bitcoin by year-end. Bitcoin previously hit an all-time high of around $126,000 in October 2025, and is currently trading at roughly $62,300, approximately 50% below that peak. 21Shares noted that Bitcoin’s post-halving price trajectory “still looks familiar”, with the current pullback aligning closely with historical post-halving patterns, though the decline is far smaller than the over 80% pullbacks seen in prior cycles. The report points out that Bitcoin remains above the $54,000 aggregate investor cost basis, with no signs of the capitulation sell-offs observed in previous bear cycles, signaling a more mature market and stickier capital flows. The report also shows that as of May 2026, global crypto ETP assets under management (AUM) stood at around $140 billion, down roughly 15% year-to-date; ETPs hold approximately 1.25 million BTC, about 8% below their prior peak. 21Shares attributes the decline primarily to price movements rather than widespread liquidations. While U.S. spot Bitcoin ETFs recorded net outflows of around $3 billion, underlying BTC allocations remain near cycle highs. Additionally, the report states that prediction market trading volume reached $57.5 billion by the end of May, already exceeding half of the firm’s full-year forecast. Full-year volume is on track to hit $100 billion, and could challenge $200 billion in the second half, driven by events including the FIFA World Cup and U.S. midterm congressional elections. Total value locked (TVL) in decentralized finance (DeFi) remains around $140 billion, below 21Shares’ earlier forecast of $300 billion. Public on-chain tokenized assets amount to $31 billion, including $15 billion in tokenized U.S. Treasuries.

Analysis: Bitcoin OG Selling Drops to Lowest Level in Nearly Two Years, Market Bottom Signs Multiply

On-chain data shows that selling activity by Bitcoin long-term holders (commonly known as "OGs") who have held coins for over five years has plummeted to its lowest level in nearly two years. According to CryptoQuant data, the 90-day average daily selling volume of these veteran investors has dropped to 962 BTC, the lowest since November 2024, falling below the 1,000 BTC threshold for the first time. This shift is significant. Since the start of the current bull market in early 2023, selling pressure from the OG cohort has reached an all-time high for Bitcoin, with massive sell-off peaks in May 2024, February 2025, and September 2025. Daily selling volumes once exceeded 142,000 BTC, exerting notable downward pressure on prices and considered one of the key reasons why Bitcoin struggled to sustain gains after breaking through the $100,000 mark last year. CryptoQuant analysts note that this slowdown in selling is no coincidence: Bitcoin’s current price of around $63,000 is nearly at the break-even point of the most expensive coins likely purchased by OGs five years ago. Holding rather than selling is now the rational choice, meaning a major core selling pressure that had been weighing on prices is substantially easing. Meanwhile, net outflows from spot ETFs have also narrowed significantly over the past two weeks, aligning with the slowdown in OG selling. Multiple contrarian indicators collectively point to a potential market bottom. As of press time, Bitcoin is trading at approximately $62,776, with little change over the past 24 hours.

Wintermute: Bitcoin may drop to $59,000 in the short term as market liquidity continues to tighten.

Wintermute’s over-the-counter (OTC) trading desk noted in a report that Bitcoin (BTC) and Ethereum (ETH) are gradually testing the lower boundary of their recent trading ranges, with BTC potentially retracing to around $59,000 in the short term. Options market pricing indicates BTC’s short-term expected trading range is $61,242–$63,563, while ETH’s is $1,606–$1,694, with implied volatility of roughly 1.9% and 2.7% respectively. The current market structure is weak, with no new buying inflows into ETFs. Summer liquidity declines, combined with macroeconomic and geopolitical uncertainties, have increased asset correlations and led to convergent price movements. It identifies $59,000 as a key support level, and notes that this week will see critical event-driven factors including Federal Reserve inflation data and month-end option expirations.

Analysis: Bitcoin has strong support near the $60,000 level ahead of this Friday’s options expiration, signaling a phased bottom.

Analyst Murphy noted that Bitcoin will hold strong support near $60,000 around the June 26 (this Friday) options expiration, making it unlikely to drop below this level easily. On the corresponding Gamma chart, the $59,000–$62,000 range shows significant positive Gamma; market makers’ hedging activities will suppress volatility, anchoring prices in this zone. Meanwhile, put option positions totaling 4,620 BTC have accumulated at the $60,000 strike price, forming a robust put wall that generates massive buying power to provide solid support when prices approach this level. Historically, similar option structures have mostly aligned with interim bottoms or the conclusion of pullbacks. Analyst Murphy considers $60,000 still a strong short-term support level, taking a cautiously optimistic stance on Bitcoin’s near-term performance.

Yesterday, U.S. spot Bitcoin ETFs posted a net outflow of $113.8 million, while U.S. spot Ethereum ETFs recorded a net outflow of $82.4 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs recorded a total net outflow of $113.8 million on June 23. BlackRock’s IBIT saw a net outflow of $182 million, while Fidelity’s FBTC, ARKB, HODL, and MSBT posted net inflows of $23 million, $31 million, $5.3 million, and $8.9 million respectively. For U.S. spot Ethereum ETFs, total net outflows reached $82.4 million. BlackRock’s ETHA had a net outflow of $86.1 million, ETHB saw a net outflow of $1.7 million, Fidelity’s FETH recorded a net inflow of $15.7 million, Grayscale’s ETH ETF posted a net outflow of $10.3 million, and the remaining products saw roughly flat fund flows.

Analysis: Bitcoin has traded below the cost basis of short-term holders for 8 consecutive months, with an average unrealized loss of 14.4%.

According to a post by analyst Darkfost, the realized price of Bitcoin’s Short-Term Holders (STH) is currently around $74,800, and BTC has traded below this cost level for eight consecutive months, leaving most short-term holders under unrealized loss pressure. The average unrealized loss for STHs is now roughly 14.4%, a notable improvement from the over 34% unrealized loss level seen in February this year. Notably, the STH cost basis has dropped from $95,700 to $74,800, indicating that some short-term holders continued accumulating BTC during the downturn, pulling down the overall average holding cost. During this cycle, STH unrealized profits hit a peak of 47% in March 2024, but stood at just 11% when BTC set its all-time high in October 2025, reflecting that the market’s profit-taking level is significantly weaker than in prior phases. The $74,800 STH cost level remains a key resistance point for BTC. If Bitcoin can reclaim this level, it could signal a positive shift in market structure; until then, this zone is likely to act as a sell-pressure area for short-term holders looking to break even.

Total 24-hour liquidations for SPCX contract trading across all platforms reached $40.51 million, second only to Bitcoin and Ethereum.

According to Coinglass data, total liquidations for SPCX futures contracts across the crypto network reached $40.51 million in the past 24 hours. Of this, long position liquidations amounted to $38.07 million, while short position liquidations hit $2.44 million. The total liquidation volume of SPCX ranks only second to Bitcoin (BTC) and Ethereum (ETH).

BlackRock: Bitcoin can be viewed as a diversification tool, and moderate allocation may help boost return potential.

BlackRock officially stated in a post that the role of Bitcoin in investment portfolios is evolving, and it can be regarded as a complementary diversification tool. The firm believes that, provided appropriate risk tolerance is maintained, a moderate allocation (usually around 1%–2%) may help enhance the return potential of investment portfolios.

Across all crypto platforms, SPCX derivatives trading recorded $40.51 million in liquidations over the past 24 hours, trailing only Bitcoin (BTC) and Ethereum (ETH).

According to Coinglass data, the global liquidation volume of SPCX futures contracts reached $40.51 million over the past 24 hours, with long positions accounting for $38.07 million and short positions $2.44 million. SPCX’s liquidation amount is second only to Bitcoin (BTC) and Ethereum (ETH).

BlackRock: Bitcoin can be viewed as a diversification tool, and appropriate allocation may help boost return potential.

BlackRock officially stated, "The role of Bitcoin in investment portfolios is evolving, and it can be regarded as a complementary diversification tool. We believe that with an appropriate level of risk tolerance, a moderate allocation (usually around 1% to 2%) may help enhance the return potential of investment portfolios."

SPCX contract trading recorded $40.51 million in liquidations across all crypto platforms over the past 24 hours, second only to Bitcoin (BTC) and Ethereum (ETH).

According to Coinglass data, global SPCX contract trading recorded $40.51 million in liquidations over the past 24 hours, with $38.07 million coming from long positions and $2.44 million from short positions. The total liquidation amount is second only to BTC and ETH.

BlackRock: Bitcoin can be viewed as a diversification tool, and moderate allocation may help boost return potential.

BlackRock officially stated in a post that Bitcoin’s role in investment portfolios is evolving, and it can be viewed as a complementary diversification tool. The firm noted that, while maintaining appropriate risk tolerance, a moderate allocation (typically around 1%–2%) may help enhance a portfolio’s return potential.

BlackRock: Bitcoin can be regarded as a diversification tool, and moderate allocation may help enhance return potential.

BlackRock officially stated, "The role of Bitcoin in investment portfolios is evolving, and it can be regarded as a complementary diversification tool. We believe that, while maintaining appropriate risk tolerance, a moderate allocation (typically around 1%–2%) may help enhance the return potential of investment portfolios."

BlackRock: Bitcoin can be viewed as a diversification tool, and moderate allocation may help enhance return potential.

BlackRock officially stated in a post: "The role of Bitcoin in investment portfolios is evolving, and it can be regarded as a complementary diversification tool. We believe that, provided an appropriate risk tolerance is maintained, a moderate allocation (usually around 1%–2%) may help enhance the return potential of investment portfolios."

JPMorgan: Bitcoin Mining Industry Increasingly Sensitive to Price Swings, More Miners Approaching Breakeven Point

On June 22, Morgan Stanley’s latest report noted that as more Bitcoin miners approach their breakeven points, the Bitcoin mining network is growing more sensitive to price swings, with both hashrate and mining difficulty responding more sharply to fluctuations. The bank’s analysis finds that the six-month “elasticity coefficient” for mining difficulty relative to Bitcoin price changes has climbed to 0.62, meaning hashrate is reacting more quickly to market shifts. Analysts added that Bitcoin has traded below production costs for five straight months, with roughly 20% of miners currently operating at a loss. Facing profit pressure, publicly listed mining firms have ramped up their Bitcoin selling: first-quarter sales alone topped 32,000 BTC, surpassing the full-year total for 2025. As higher-cost mining rigs go offline, network hashrate has fallen, prompting an adjustment to mining difficulty. Morgan Stanley forecasts that as long as Bitcoin remains below its roughly $78,000 producti

Strategy Bitcoin Holding Loss Narrows to $9.093 billion, Bitmine Loss Narrows to $9.32 billion

June 22 Per monitoring from EmberCN: Bitcoin treasury firm Strategy purchased ~520 BTC last week at roughly $67,068 per unit, totaling about $34.87 million in value. Strategy now holds a total of 847,363 BTC, valued at approximately $55.01 billion, with an average cost of $75,651 per BTC. It reports an unrealized loss of $9.093 billion, equal to a 14.2% deficit. Separately, Ethereum treasury firm Bitmine bought ~52,203 ETH last week at an average price of ~$1,751 per ETH, for a total of roughly $91.43 million. Bitmine’s current holdings stand at 5,672,956 ETH, worth about $10.07 billion, with an average cost of $3,407 per ETH. Its unrealized loss hits $9.32 billion, a 48.2% drop.

Bitcoin Short-Term Rebound Surpasses $65,000

On June 22, HTX market data shows Bitcoin posted a short-term rebound, breaking above $65,000 with a 1.53% gain over the past 24 hours.

Analyst: Bitcoin Shows Resilience After Fed's Hawkish Stance, But Market Demand Has Not Yet Returned

On June 22nd, multiple market analysts noted that despite Federal Reserve Chair Kevin Warsh’s hawkish stance and persistent macroeconomic uncertainty weighing on the crypto space, Bitcoin has shown more resilience than expected lately. Still, there’s no clear sign of a demand recovery taking hold in the market. Current data puts Bitcoin’s price hovering around $64,700, down roughly 13% over the past month and nearly 50% from its all-time high hit last October. Analysts believe selling pressure is nearing exhaustion, but buying interest has yet to return—leaving the market stuck in a phase of range-bound trading and deleveraging. Institutional fund inflows into Bitcoin remain weak. Analysts point out that U.S. Bitcoin spot ETFs have seen approximately $4 billion in outflows over the past month, indicating institutional investors are still trimming their positions. Meanwhile, the derivatives market is in deleveraging mode, and Bitcoin hasn’t broken below a key support area, signali

Strategy increased its Bitcoin holdings by 520 coins last week, with its USD reserves also rising to $1.4 billion.

June 22 – Strategy disclosed in a U.S. Securities and Exchange Commission (SEC) 8-K filing that it sold 2.71 million shares of MSTR stock via its At-The-Market (ATM) equity issuance plan between June 15 and 21, generating $335.5 million in net proceeds. A portion of these funds was used to purchase 520 bitcoins at an average price of $67,068, totaling $34.9 million. As of June 21, Strategy holds a total of 847,363 bitcoins, with a combined acquisition cost of $64.1 billion and an average holding price of $75,651. The firm’s U.S. dollar reserves also rose to $1.4 billion. Notably, the $67,068 average price of the recent bitcoin purchase is below the company’s current average bitcoin holding price of $75,651, marking another instance of Strategy "buying the dip" amid a recent Bitcoin price pullback.

BlackRock deposits 1,241 Bitcoins and 7,547 Ethereums into Coinbase

June 22, per OnchainLens monitoring: An address tied to BlackRock deposited 1,241 Bitcoin (worth roughly $80.07 million) and 7,547 Ether (approximately $13.29 million) into Coinbase, with further deposits expected to follow.

Bitcoin Holds Ground at $64,000, Fed's Hawkish Stance Dampens Iran Ceasefire Optimism, ETF Sees Six Straight Weeks of Net Outflows

June 22 – Bitcoin held steady around $64,000 on Monday, stuck in a tight trading range. Last week’s U.S.-Iran memorandum of understanding, which formally ended over 100 days of conflict and reopened the Strait of Hormuz, briefly pushed the cryptocurrency above $67,000—but that rally was short-lived, capped by the Federal Reserve’s hawkish policy stance. On the policy front, new Fed Chair Wash struck a hawkish tone for the first time at the latest FOMC meeting. The CME FedWatch Tool puts the probability of a July rate hike at 36%, with markets pricing in at least one 25 basis point increase this year. May’s year-over-year CPI clocked in at 4.2%, far above the Fed’s 2% target—erasing all remaining expectations for rate cuts. The U.S. Dollar Index (DXY) subsequently climbed to the 100.6 to 100.8 range, a level that historically weighs on Bitcoin performance. From a funding perspective, the U.S. Bitcoin spot ETF has seen six straight weeks of net outflows, totaling $63.5 billion over

Geopolitical Unrest Stirs Market Sentiment, Is Bitcoin Becoming More Correlated with the Stock Market?

June 22. The ongoing Middle East crisis and progress in U.S.-Iran talks continue to impact global markets. With both sides signaling optimism that an agreement could be reached within the next 60 days, oil prices have pulled back, global risk appetite has firmed somewhat, though investors remain wary of how the situation will unfold moving forward. Market analysts point out that, as institutional capital keeps flowing into the digital asset space, Bitcoin’s correlation with risk assets like U.S. tech stocks is strengthening. Shifts in geopolitical tensions, interest rate outlooks, or liquidity conditions often lead to traditional capital market volatility quickly spilling over into the crypto space. Notably, the Federal Reserve’s (Fed) maintenance of high interest rate expectations remains a key variable for current markets. At the same time, the Middle East situation, energy prices, and changes in global liquidity are also shaping how investors price risk assets. As a global one-st

Analyst: Bitcoin Exhibits Supply Structure Resembling Cycle Bottom, But Key Sell Pressure Indicator Yet to Signal Bottom

### Bitcoin’s Bottoming Traits Lacking Key Capitulation Signal: Analyst Crypto market analyst Axel Adler Jr. noted on June 22 that on-chain data shows Bitcoin’s market is mirroring the supply structure of a cycle bottom—though a critical “surrender indicator” has yet to confirm a bottom formation. The total supply held by Bitcoin’s long-term holders (LTHs) is climbing. Historically, this metric spikes sharply near cycle lows; today it sits at ~12.17 million BTC, hitting a recent local peak of 12.42 million BTC in early June. While it’s pulled back slightly since, it still boasts strong year-over-year growth: over the past year, the figure has more than doubled, signaling coins are steadily shifting from short-term traders to stable long-term holders. This transition boosts market resilience, as fewer Bitcoin remain in active circulation—reducing potential selling pressure and pointing to chip consolidation. But gaps remain to hit historical bottom levels: At 2015’s low, LTH-he

Analysis: Indicators Show Bitcoin Has Reached Depth Region of Cycle Bottom

June 22 — Analyst Gaah cited data from CryptoQuant, noting that Bitcoin’s Cycle Momentum indicator signals the current bear market isn’t over yet. The metric has failed to climb above its neutral zone (0), confirming the bear market is still ongoing. The indicator has dipped to the -30 level, a historically deep area where cyclical BTC bottoms tend to form. This -30 range has long acted as a major support level for Bitcoin, per past market cycles. That said, to validate a trend reversal, BTC’s price will need to carve out a bullish chart pattern, paired with the indicator crossing above the 0 neutral threshold.

Bitcoin Surges Over 1% in the Past Hour, Approaching $65,000

According to HTX market data, Bitcoin surged over 1% in nearly an hour on June 22 following a joint statement from Qatar and Pakistan. The cryptocurrency is now trading at $64,672.87, approaching the $65,000 mark.

Tensions Rise in US-Iran First Round of Talks, Traditional Finance Sees US Stock Retreat, Oil Prices Up Over 2%, Bitcoin Falls Below $64,000

June 22 – Last night and this morning, mediators from the U.S., Iran, and other parties gathered in Switzerland for the first round of talks since the signing of a memorandum of understanding. A key topic during the day’s discussions was the “Lebanon Conflict De-escalation Mechanism and the Enforcement of the Ceasefire Agreement.” Tensions between the U.S. and Iran ran high throughout the negotiations. The U.S. delegation and conference organizers had initially planned a handshake and photo op between the Iranian and U.S. teams to kick off the multilateral talks, but the Iranian negotiating team nixed the plan. That’s when President Trump issued a tough statement targeting Iran, sparking an immediate deadlock: the Iranian delegation walked out in sharp protest. Multiple media outlets are reporting that the Iranian delegation remains at the Swiss negotiation venue but refuses to hold further talks with the U.S. Meanwhile, discussions among other key parties and mediators from Pakistan

On This Day in Past Years: Satoshi Nakamoto Referred to Bitcoin Loss as a "Donation to All Holders"

June 21st: Exactly 16 years ago today, Satoshi Nakamoto responded to a community user’s question about how to solve Bitcoin loss issues, commenting: “Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.”

Michael Saylor reiterates Bitcoin Tracker Update, Hinting at Another BTC Purchase

June 21: MicroStrategy founder Michael Saylor once again shared an update on the company's Bitcoin Tracker, commenting, "Looks better with more dots." As per its usual pattern, MicroStrategy typically reveals additional Bitcoin purchases the day after such an announcement is made.

Bitcoin Dips Below $64,000, 24-hour Gain Narrows to 0.7%

June 21: According to HTX market data, Bitcoin fell below $64,000, trading at $63,926 at press time, notching a 0.7% gain over the last 24 hours.

Bitcoin's Puell Multiple Indicator Shows Miner Pressure, Analysts Say $59,000 May Be This Cycle's Bottom

June 21 — Crypto analyst Lark Davis noted that the current reading for Bitcoin’s Puell Multiple indicator signals the market is either approaching or already in the bottoming phase of this cycle. This metric measures miner profitability by comparing their daily earnings to the 365-day average, and historically, periods where miner income stays low (forcing them to sell Bitcoin to cover operating costs) tend to align with the cycle’s lowest points. Davis added that while the indicator hasn’t hit the green oversold territory yet, signs of stress among miners have emerged — a development that typically marks the end of a bear market. He also pointed out that the price action in this cycle has been far milder than historical patterns would indicate. As for whether $59,000 will hold as the cycle’s low point? Davis says that will become clear over the coming months, though the clues pointing to that possibility are growing more distinct by the day.

Michael Saylor: Bitcoin Community Should Put Aside Infighting, Global Capital Yet to Arrive Is the Biggest Opportunity

June 21 — Michael Saylor, founder of Strategy, took to social media today to urge Bitcoin holders to stay unified. Saylor noted the Bitcoin community aligns on roughly 99% of core issues, advising that the remaining 1% of disagreements should not lead to division. He emphasized that the vast majority of global capital has yet to enter the Bitcoin network, pointing out this historic opportunity is far more significant than internal community debates. According to Saylor, any internal split amid such a massive shared interest would be a waste of this pivotal chance.