Bitcoin (BTC) — Onchain News & Whale Tracking

Ohio's "Bitcoin Rights Bill" Passes Unanimously in State House

On June 18th, as per a report by Cointelegraph, Ohio's "Bitcoin Rights Act" HB 116 was passed with a unanimous vote of 13 - 0 in the State House Technology and Innovation Committee. This bill safeguards individuals' right to self-custody and protects crypto mining and node operation activities. It also provides a $200 tax exemption on capital gains from digital asset transactions.

Bitcoin rebounds, surpassing $105,000

On June 18th, based on HTX market data, Bitcoin saw a rebound and broke through $105,000. It is currently quoted at $105,042, with the 24-hour decline narrowing to 3.23%.

Analyst: Bitcoin Long-term Holders' Selling Behavior Approaching Low Levels, Further Boosting the Possibility of Sustained Rally

On June 18th, CryptoQuant analyst Axel Adler Jr. posted and stated, "When we look at the group of long-term holders as a whole, their current selling activity is approaching its lowest point. In essence, the selling activity of long-term holders is currently at its minimum, and this perfectly aligns with the classic accumulation phase. In the previous four similar situations, three of them witnessed that this kind of long-term holder behavior led to an 18% to 25% increase in Bitcoin's price within the following 6 to 8 weeks." The current sluggish state of the binary metrics for long-term holders is backed by the positive on-chain holding days momentum and the MVRV Z-score value, which further increases the probability of Bitcoin continuing its upward trend. Indicator explanation: An MVRV Z-score value of 0 indicates a neutral valuation, while ±1 represents extreme levels.

Bitcoin rises above $105,000

On June 18th, based on HTX market data, Bitcoin experienced a rebound and managed to break through $105,000. The 24-hour decline was narrowed down to 3.35%.

Bitcoin rebounds above $104,000 as U.S. lawmakers propose the "Iran War Powers Resolution" to block U.S. involvement

On June 18th, according to market information, U.S. Congressman Massie has put forward the "Iran War Powers Resolution," with the intention of preventing the U.S. from getting involved in an Israel-Iran war. Based on HTX market data, Bitcoin has rebounded from a low of $103,370 to $104,250 within the past 20 minutes.

Trump is about to decide the US policy on the Iran-Israel war, Bitcoin accelerates to drop below $104,000.

On June 18th, as per Axios, Trump is slated to convene with the national security team in the White House Situation Room within 2 minutes (1:00 AM Beijing time) in order to determine the U.S. policy concerning the Israel-Iran war. U.S. officials declared that Trump is earnestly contemplating joining the war and launching strikes against Iran's nuclear facilities, specifically the underground uranium enrichment facility in Fordow. The cryptocurrency market witnessed further declines likely due to this news, with Bitcoin dropping below $104,000.

Bitcoin drops below $104,000, 24-hour decline widens to 2.6%

On June 18th, based on HTX market data, Bitcoin has dropped below $104,000, and the 24-hour decline has expanded to 2.6%.

If Bitcoin drops below $103,000, the liquidation intensity of long positions on mainstream CEX will reach $702 million.

On June 18th, based on Coinglass data, in the event that Bitcoin drops beneath $103,000, the cumulative intensity of long liquidation on major CEXs will reach $702 million. Conversely, if Bitcoin surges above $106,000, the cumulative intensity of short liquidation on major CEXs will reach $612 million. BlockBeats Notes: The liquidation chart does not disclose the exact number of contracts awaiting liquidation or the precise value of liquidated contracts. Instead, the bars on the chart signify the relative significance of each liquidation cluster in relation to adjacent clusters, that is, the intensity.

Data: Over 20,000 Bitcoin addresses hold assets valued at more than $10 million, accounting for nearly 9.43% of BTC's total supply.

BlockBeats announced on June 17 that, according to data from Alphractal, more than 20,000 Bitcoin addresses currently hold positions with a value of over $10 million. The total amount is approximately $200 billion. This accounts for nearly 9.43% of BTC's total supply and over 21% of the "Realized Cap." The "Realized Cap" operates based on the logic that when Bitcoin is transferred into a wallet, it is regarded as a "buy," and when transferred out, it is considered a "sell." By calculating the average cost basis of each wallet multiplied by the amount held, the total "Realized Cap" of the network can be determined. This metric reflects the total capital that has entered the Bitcoin market through actual on-chain activities.

UK-listed company Vinanz announces raising ￡3.58 million to expand its mining operations and strategic Bitcoin reserves.

On June 17, the UK-listed company Vinanz announced that it had raised ￡3.58 million (approximately $4.72 million) by issuing a total of 4,000,000 new ordinary shares. The funds will be employed to expand its mining operations and enhance its strategic Bitcoin reserves. CEO Hewie Rattray said: "This fundraising demonstrates the increasing interest of the market in Bitcoin strategies and expedites Vinanz's goal of becoming the leading Bitcoin-focused main board-listed company in the UK." Previously, on May 19, Vinanz purchased 16.9 Bitcoins at an average price of $103,341 per Bitcoin, with a total value of approximately $1.75 million.

Bitcoin falls below $105,000, 24-hour decline of 2.25%

On June 17th, according to the information in the HTX market, Bitcoin has dropped below $105,000, with a 24-hour decline of 2.25%.

Data: The market cap of SMLR is inversely related to the value of its BTC holdings, and the Bitcoin strategy has not led to its appreciation.

On June 17, BlockBeats reported that, according to the data disclosed by Farside Investors, the US-listed medical technology company Semler Scientific (SMLR) transformed into a Bitcoin-focused financial company as of May 28, 2024. Since then, the company has accumulated 4,449 Bitcoins, which are currently valued at $469 million. This figure exceeds SMLR's market capitalization of $326 million. During this period, Bitcoin has witnessed a 55% increase. However, since May 28, 2024, SMLR's stock price has only risen by 2.3%. "Being a Bitcoin financial company is not all fun and games."

Trader AguilaTrades continues to reduce their 20x long Bitcoin position, with a liquidation price of $94,000.

Brazil's "Sovereign Strategic Bitcoin Reserve" bill passes first committee review

On June 17th, according to Bitcoin News, the Brazilian Bitcoin Reserve Bill "PL 4501/2023 or PL 4501/2024" has successfully passed its first committee review. This bill proposes the establishment of a "Sovereign Strategic Bitcoin Reserve," with the allocation of up to 5% of foreign exchange reserves to Bitcoin. Once this bill is implemented, Brazil will become the second Latin American country, following El Salvador, to establish a legal BTC reserve. In March, Pedro Giocondo Guará, the Chief of Staff to Brazil's Vice President, stated that the "Sovereign Strategic Bitcoin Reserve" is of great significance to national prosperity and is a matter of public interest. He referred to Bitcoin as "the gold of the internet."

U.S. publicly listed company Fold has reached a $250 million equity purchase agreement, with the proceeds to be used for increasing its Bitcoin holdings.

BlockBeats informed on June 17th that the Nasdaq-listed Bitcoin financial services firm Fold Holdings, Inc. (NASDAQ: FLD) declared that it had reached a $250 million equity purchase agreement. The net proceeds would mainly be employed to increase the company's treasury with more Bitcoin. Previously, as reported by BlockBeats, on March 7th, Fold augmented its Bitcoin holdings by 475 BTC through convertible notes, raising its Bitcoin reserves to 1,485 BTC. This signified an almost 50% increase in holdings and positioned Fold among the top 10 U.S.-listed companies in terms of Bitcoin holdings.

Canadian publicly traded company LQWD Technologies has increased its holdings by 5 Bitcoins, bringing its total holdings to approximately 166 Bitcoins.

On June 17, the publicly traded Canadian company LQWD Technologies Corp. announced the acquisition of an extra 5 Bitcoins, raising its total Bitcoin holdings to around 166 coins.

Cross-border e-commerce company DDC Enterprise plans to raise $528 million to expand its Bitcoin reserves.

On June 17th, as per Businesswire, the cross-border e-commerce firm DDC Enterprise disclosed that it had signed three securities purchase agreements. After subtracting placement agent fees and issuance costs, the company anticipates raising up to $528 million. The investors consist of Anson Funds, Animoca Brands, Kenetic Capital, QCP Capital, along with a network of leading institutional funds and individual Bitcoin investors. The funds raised will be utilized to expand the company's Bitcoin reserves. BlockBeats had previously reported that on June 12th, DDC Enterprise (NYSE: DDC) announced the acquisition of an additional 38 Bitcoins, bringing the company's total Bitcoin holdings to 138.

UK-listed company TAO Alpha secures a ￡5 million convertible loan, set to adopt a Bitcoin reserve strategy

BlockBeats has reported that on June 17th. According to Investing.com, the UK-listed company TAO Alpha PLC announced obtaining a ￡5 million fixed-price convertible loan and formulating a Bitcoin-centered treasury strategy as part of its efforts in the decentralized AI and cryptocurrency sectors. TAO Alpha PLC has established a subsidiary in Singapore, Tao Alpha PTE. LTD, to hold its reserve assets. Under the new policy, the company is permitted to hold up to two-thirds of its cash in Bitcoin and stablecoins.

Bank of America has ranked Bitcoin as one of the greatest innovations of the past millennium

On June 17th, as per a report from Cointelegraph, Bank of America has positioned Bitcoin as one of the most significant innovations of the past millennium, making a comparison of its influence with that of the Internet and electric vehicles.

Bitcoin falls below $106,000

On June 17th, based on HTX market data, Bitcoin has dropped below $106,000, experiencing a 24-hour decline of 1.05%.

Willy Woo: The liquidity risk model indicates that Bitcoin has entered the late-stage bull market, but there is still room for price growth.

On June 17th, crypto analyst Willy Woo tweeted, "The risk model employed to assess the decline in Bitcoin liquidity suggests that Bitcoin has entered the latter stage of the bull market. Nevertheless, there remains room for price appreciation. It is anticipated that once the global macro market undergoes a shift, Bitcoin will enter a bear market."

If Bitcoin falls below $105,000, the total liquidation amount of long positions on mainstream CEXs will reach $1.27 billion.

On June 17th, based on Coinglass data, if Bitcoin drops below $105,000, the cumulative intensity of long liquidation on major CEXs will reach $1.27 billion. Conversely, if Bitcoin rises above $108,000, the cumulative intensity of short liquidation on major CEXs will reach $538 million. BlockBeats Note: The liquidation chart does not represent the exact number of contracts awaiting liquidation or the precise value of liquidated contracts. The bars on the chart actually depict the relative significance of each liquidation cluster in relation to neighboring clusters, that is, their intensity.

Yesterday, the net inflow of the US Bitcoin spot ETF was $408.6 million.

On June 17th, based on the monitoring by Farside Investors, the net inflow into the U.S. Bitcoin Spot ETF amounted to $408.6 million the previous day.

Trader Eugene: If Bitcoin fails to hit a new high, altcoins may gradually trend downward and have yet to bottom out.

On June 17th, top trader Eugene Ng Ah Sio posted on his personal channel, saying, "After Bitcoin was repeatedly repelled at the $110K resistance level, the market has mainly been fluctuating between $100K and $110K. Altcoins are also beginning to exhibit signs of consolidation and stagnation. If Bitcoin fails to make new highs, I anticipate that Total3 (the total market capitalization excluding BTC and ETH) will gradually trend downwards. This is because holdings in the market are continuously being reduced, and the unlocking pressure continues to weigh on prices." "The current market still poses challenges for trading. I have already adjusted my strategy by significantly reducing the trading frequency and focusing only on high-risk, high-reward opportunities. This implies that stop-loss strategies must be extremely strict, and there must be no chasing after already pumped sentiment-driven coins. The altcoin areas I am monitoring have not yet approached what I consider to be value zon

Glassnode: Bitcoin 6 to 12-month holders realized a single-day profit of $904 million, marking the second-highest daily profit this year.

On June 17th, Glassnode made a post on the X platform stating, "Last week, it was observed that BTC wallets with positions held for more than 12 months were the main group engaging in profit-taking. Nevertheless, this trend has now reversed. Data from yesterday shows: · Wallets holding positions for less than 12 months accounted for 83% of the total realized profits. · Among them, investors with positions held for 6 to 12 months achieved a one-day profit of $904 million, marking the second-highest one-day profit of the year."

Matrixport: Bitcoin ETF Sees $11.2 Billion Net Inflows Over the Past Eight Weeks, Overall Bullish Logic Remains Valid

BlockBeats has reported that on June 17th, Matrixport released its daily chart analysis. It was stated that in the past eight weeks, Bitcoin ETFs have attracted $11.2 billion in new inflows. However, the price of Bitcoin has only increased by about 10%. This relatively modest increase may suggest that some market participants are selling when the market is strong or waiting on the sidelines to re-enter. Overall, the bullish logic remains unchanged: the Bitcoin market has formed a stable buying base. Despite the changing composition of buyers, ETFs have shown almost no sustained net outflows. Compared to the pace during the Trump election period, MicroStrategy's current rate of accumulation has slowed down slightly. Nevertheless, the continuous and stable capital inflows still provide strong support for Bitcoin prices.

The Blockchain Group increases its capital by approximately 7.2 million euros to advance its Bitcoin reserve company strategy

On June 17th, according to official information, The Blockchain Group, Europe's first Bitcoin reserve company, announced an increase in capital of approximately €7.2 million (around $8.32 million) as part of its "ATM-type" capital increase plan signed with TOBAM. The average issue price is approximately €4.49 per share, with the aim of continuing its "Bitcoin Reserve Company" strategy.

Analyst: When Bitcoin approaches $110,000, some investors may take profits, potentially triggering a short-term pullback.

It was reported on June 17 that CryptoQuant analyst Axel Adler Jr stated, "The MVRV Z-score is currently at a moderately positive level (+0.6), suggesting that the market has a certain amount of buying pressure without indicating signs of overheating. The ratio of short-term holders' profits remains at a high 83%, indicating that most short-term investors are currently in profit. Although this may trigger some profit-taking behavior, as long as such action has not occurred, it remains a positive signal. The current price is stuck within the range of $110,000 to $104,000, and short-term holders still have confidence in future price increases." The market remains in a bullish trend, with overall valuation being moderately overbought. Short-term holders are showing strong interest. A high proportion of profitable short-term holders implies that some investors may choose to realize profits when the price approaches $110,000, potentially leading to a short-term pullback." Indicator Explan

Coinbase will launch the Coinbase One Card this fall, offering up to 4% Bitcoin cashback on every purchase.

On June 17th, as per official announcements, Coinbase has disclosed plans to launch the Coinbase One Card this autumn. Each purchase allows users to earn up to 4% Bitcoin cashback. The card will be accessible to Coinbase One members in the US and will be powered by the American Express network. Applications for early access are currently open. Furthermore, Coinbase has introduced a new Coinbase One subscription tier, with a monthly price of $4.99 or an annual price of $49.99, aiming to make saving and earning more attainable and convenient.

Trader AguilaTrades increased their 20x Bitcoin long position to $420 million, with a liquidation price of $103,333.

On June 17th, according to the monitoring of EmberCN, trader AguilaTrades increased his position near the highs 5 hours ago, and his total position size reached $420 million. At 2:00 AM, he withdrew 1.836 million USDC from Bybit to add margin. Then, at 3:00 AM, he further increased his position by an additional 978 BTC. This time, the add-on was carried out at a relatively high price (above $108,000), which raised his average entry price to $106,014. His current position details are as follows: He has a 20x long position on 3,952 BTC, with an entry price of $106,014 and a liquidation price of $103,333. The current unrealized profit is $1.33 million.

Bitcoin briefly surpassed $108,000

BlockBeats reports that on June 17th, according to HTX market data, Bitcoin briefly exceeded $108,000, experiencing a 24-hour increase of 2.04%.

Publicly listed company Davis Commodities will purchase Bitcoin worth $12 million.

BlockBeats reported on June 16, according to Globenewswire. Singapore-based agricultural commodity trader Davis Commodities Limited (Nasdaq: DTCK) announced that it will allocate 40% (USD 12 million) of its USD 30 million financing to Bitcoin reserves in stages, with an initial investment of USD 4.5 million. In addition, the company plans to use 50% of the financing (USD 15 million) for the tokenization of physical agricultural assets (RWA), including bulk commodities such as sugar and rice. The company expects this initiative to generate an annual revenue of USD 50 million within two years. The remaining 10% of the funds will be allocated to building digital infrastructure and enhancing security systems.

The U.S. SEC has confirmed receipt of the spot Bitcoin ETF filing from Truth Social.

On June 16th, the U.S. Securities and Exchange Commission (SEC) has verified the receipt of the filing for a Truth Social Spot Bitcoin ETF.

Solana Co-Founder: Cardano's Proposal to Use Treasury Funds to Purchase Bitcoin is "Extremely Stupid"

On June 16th, Anatoly Yakovenko, a co-founder of Solana Labs, opposed the latest proposal put forward by the Cardano leadership to convert a portion of their treasury funds into Bitcoin. He stated that this idea is flawed, indicating poor treasury management and sending a wrong message to the Cardano community. He remarked: "Projects should hold 18-36 months' worth of operating funds in short-term U.S. Treasuries, and that's the extent." The controversy stems from a proposal made by Charles Hoskinson, the founder of Cardano, on June 13th, suggesting that the blockchain network could convert $100 million worth of ADA tokens from the treasury into Bitcoin and stablecoins. Hoskinson mentioned that the goal was to enhance Cardano's decentralized finance (DeFi) capabilities and address issues within its stablecoin ecosystem. However, critics believe that the proposal shows a lack of confidence in the ADA token. Crypto trader Aaron Dishner argued that this move could be perceived as Cardan

WLFI Advisor: Stablecoin USD1 Integrated on Bitcoin Lightning Network

On June 16th, an advisor for the Trump family's crypto project WLFI stated that WLFI has officially integrated its stablecoin USD1 into the Bitcoin Thunderbolt Network initiated by Nubit. Currently, USD1 is the only stablecoin operating on the Bitcoin network (previously, Tether had suspended the Omni version of USDT). This collaboration has established a fast and efficient channel for the utilization of stablecoins on the Bitcoin mainnet. Users can now directly transfer and receive USD1 on the Bitcoin mainnet and use it to purchase nodes on the Thunderbolt Network. The in-depth collaboration between WLFI and Nubit is expected to significantly expand Bitcoin's application scenarios in stablecoins and payment networks. The USD1 deployed on the Bitcoin Thunderbolt Network is projected to account for more than 90% of its circulation volume. Previously, on April 15th, HSBC's official news revealed that the Bitcoin Thunderbolt Network introduced UTXO Bundling and OP_CAT instructions throu

The founder of Conflux: Once spent $1000 to buy 100 Bitcoins, but still "sold too early."

On June 16th, Long Fan, the founder of Conflux, disclosed in a recent interview that while pursuing his Ph.D. at MIT, he spent $1,000 to purchase 100 bitcoins. Subsequently, he sold these bitcoins at $50 per bitcoin. As of now, the price of bitcoin has exceeded $100,000, yet he still does not possess 100 bitcoins.

Since signing the "No More Purchases" agreement with the IMF, El Salvador has accumulated an additional 240 Bitcoins.

On June 16th, BlockBeats reported that although El Salvador, a Central American nation, reached an agreement with the International Monetary Fund (IMF) in December 2024 to stop further Bitcoin accumulation, it still makes daily Bitcoin purchases. El Salvador is the first country in the world to adopt Bitcoin as legal tender. According to the El Salvador Bitcoin Office, since December 19, 2024 (after the announcement of the IMF agreement), the country has purchased an additional 240 Bitcoins, bringing the total holdings in the government's treasury wallet to 6,209 Bitcoins (currently valued at about $106,658 per coin). In December 2024, El Salvador reached a $1.4 billion loan agreement with the IMF, which included a provision that the country must give up Bitcoin's status as legal tender and stop government-led Bitcoin purchases. However, since President Nayib Bukele introduced the "one Bitcoin a day" strategy in 2022, the country has continued to implement the daily purchase plan. W

Truth Social files its Bitcoin and Ethereum Spot ETF Application

On June 16th, Truth Social submitted applications for both the Bitcoin and Ethereum spot ETFs on Truth Social.

The publicly listed company Genius Group has accumulated a total of 100 Bitcoins at an average price of $100,600.

On June 16th, the publicly-listed company Genius Group announced that after the favorable ruling by the U.S. Court of Appeals on May 6th, which restored Bitcoin reserve construction, it has once again augmented its BTC holdings. The company's Bitcoin reserves have now increased by 52% and reached 100 Bitcoins. These 100 Bitcoins were purchased at a total cost of $10.06 million, with an average price of $100,600 per Bitcoin. It is reported that the company maintains its objective of expanding its reserves to 1,000 Bitcoins.

Last week, Strategy's single Bitcoin purchase surpassed Metaplanet's total holdings.

BlockBeats informed on June 16th that Strategy announced it had made a purchase of 10,100 bitcoins between June 9th and June 15th. In the meantime, the Tokyo-listed company Metaplanet also disclosed today that it had acquired an additional 1,112 BTC at a unit price of $105,435, with a total investment of $117.2 million. The company's current total holdings of BTC amount to 10,000 BTC, and the cumulative cost is approximately $947 million (with an average price of $94,697 per BTC). Strategy's single acquisition volume has already surpassed Metaplanet's total holdings. Currently, Strategy's total market capitalization has reached $106.892 billion, while Metaplanet's total market capitalization is approximately $7.9 billion.

Strategy increases holdings by 10,100 Bitcoin again.

On June 16, Strategy acquired 10,100 Bitcoins during the period from June 9 to June 15.

Ditaw Logistics plans to apply for a Hong Kong Dollar stablecoin license and proposes to issue a Bitcoin-pegged token "RBTC".

On June 16th, according to a report in "Hong Kong Wen Wei Po", the U.S.-listed company Veta Logistics Technology Holdings announced that it is actively exploring relevant regulatory details and intends to apply for a stablecoin issuance license after the Hong Kong stablecoin regulations take effect. The company plans to launch its own stablecoin "RHKD" and also has a plan to issue a digital token "RBTC" that will be pegged to Bitcoin as the underlying asset. Customers will be able to exchange "RBTC" using Hong Kong dollars or U.S. dollars. The company stated that it has officially started a Bitcoin acquisition plan with a value of up to $1.5 billion (approximately HK$11.77 billion) and will use the common stock of the company as the payment method. According to its Bitcoin reserve strategy, the group is planning to issue a digital token, "RBTC", which is pegged to Bitcoin as the underlying asset. The company expects the token to be backed by 100% Bitcoin reserves, enabling a 1:1 Bitco

QCP: Bitcoin Withstands Middle East Tensions, Macro Volatility Boosts Its Structural Strength

BlockBeats made a report on June 16th that QCP released its daily market commentary. It stated, "Even though there are continuous tensions in the Middle East, Bitcoin has shown no indications of a panic sell-off. After the initial turmoil triggered by the news of Iran-Israel tensions last Friday, this benchmark crypto asset has gradually regained its footing and recovered from a weekly low of $102,800 to $107,000. Similar rebounds have also been observed in other major cryptocurrencies as well as U.S. equity index futures." The strong performance of Bitcoin has been significantly supported by continuous institutional accumulation. Notably, institutions such as Metaplanet and Strategy have been constantly buying the dips. At the same time, the spot Bitcoin ETF has recorded net inflows for the seventh consecutive week. After Bitcoin was able to hold the psychologically significant $100,000 level, market sentiment has significantly stabilized. More importantly, the recent pullback was on

10x Research: Key Macro Signals Turn Bullish, Bitcoin Consolidation Brewing for a Breakout

BlockBeats made a report on June 16th. 10x Research published an article stating that against the backdrop of increasing oil prices, resilient U.S. Treasury yields, mixed employment data, and the Federal Reserve's cautious stance, Bitcoin's macro fundamentals are quietly strengthening. With treasury funds from certain alternative coins (such as ADA and DOT) potentially moving towards Bitcoin and key changes in the credit environment, the market is brewing a potential trend reversal. Over the past month, Bitcoin has been hovering around $106,000 with a volatility range of ±4%. The longer the consolidation phase lasts, the higher the likelihood of a breakout. Although Federal Reserve Chair Powell is expected to maintain a neutral tone at this week's FOMC meeting and the risk of a rise in 10-year U.S. Treasury yields still exists, on-chain indicators still support the current price levels. As long as it stays above $100,437, the downside potential remains limited. With geopolitical risks

H100 Group Secures SEK 150 Million Convertible Loan Guarantee for Increasing Bitcoin Holdings

On June 16th, as per official channels, the Swedish medical company H100 Group AB announced today that it has reached a new investment agreement with Adam Back. This agreement secures an initial convertible loan with a guaranteed amount of 150 million SEK (approximately 15.82 million USD). The funds obtained through this convertible loan will be utilized to purchase Bitcoin. This forms part of H100 Group's long-term Bitcoin asset allocation strategy.

Zhong Xuegao Founder: Attempting to Invest in Cryptocurrency Was a Huge Mistake, Still Doesn't Own a Single Bitcoin to This Day

On June 16th, Lin Sheng, the founder of Zhong Xuegao, recently confessed during a live streaming session that his attempt at "cryptocurrency investment" was a "very big mistake." He disclosed that he had spent a considerable amount of time recommending crypto assets, such as Bitcoin, to his friends. Nevertheless, while "others just regarded it as a joke," he himself still doesn't possess "even a single Bitcoin," stating bluntly, "It's extremely tragic."

Bitcoin rebounds and surpasses $107,000

On June 16th, according to HTX market data, Bitcoin has seen a rebound and exceeded $107,000. The current price is $107,133, with a 24-hour increase of 1.63%.

Metaplanet's Bitcoin holdings surpass Coinbase Global, ranking ninth among publicly listed companies.

On June 16th, according to data from bitcointreasuries, as Metaplanet's holdings of Bitcoin reached 10,000 BTC. The company's Bitcoin holdings have exceeded those of Coinbase Global (9,267 BTC), ranking just after Hut 8 (10,273 BTC). This has placed Metaplanet ninth in terms of Bitcoin holdings among publicly listed companies.

CryptoQuant: Bitcoin Whale and Retail Inflow on Binance Drops to a Cyclical Low

BlockBeats reports that on June 16th. According to CryptoQuant data, the inflow of Bitcoin from whale and retail addresses on Binance has reached a historically low level in the current cycle. Analysts hold the view that both groups are inclined to retain their coins and generally expect there to be further upward potential in the market.

Analysis: If Bitcoin breaks through the resistance level of $106,406, the next target is its all-time high.

On June 16th, Rachael Lucas, a cryptocurrency analyst at BTC Markets, shared her perspective on the market analysis: "Geopolitical instability, like the recent Israeli attack on Iranian nuclear facilities, led to a brief 4% drop in Bitcoin, demonstrating Bitcoin's sensitivity to risk-off events. However, as investors regard it as a geopolitical hedge, Bitcoin usually rebounds rapidly. The recent breakthrough of the $106,406 resistance level indicates the continuation of bullish momentum, and the next major target is the all-time high." Kronos Research's Chief Information Officer, Vincent Liu, commented that once international tensions ease, strong global liquidity and institutional demand may lay the foundation for a breakout rally in Bitcoin.