Bitcoin (BTC) — Onchain News & Whale Tracking

Yesterday, the U.S. Bitcoin Spot ETF saw a net outflow of $47.8 million, while the BlackRock IBIT saw a net outflow of $130 million.

On June 7th, as monitored by Farside Investors, the net outflow of the US Bitcoin spot ETF yesterday was $47.8 million. It includes the following: BlackRock IBIT: -$130.5 million Fidelity FBTC: +$22.8 million Bitwise BITB: +$31.8 million ARK ARKB: +$11.5 million VanEck HODL: +$7.4 million Grayscale Mini BTC: +$9.2 million

Bitcoin Surges Above $105,000

On June 6th, based on HTX market data, Bitcoin experienced a rebound and surpassed $105,000, witnessing a 24-hour increase of 0.79%.

Publicly traded company Davis Commodities plans to establish a Bitcoin Strategic Reserve

On June 6th, Davis Commodities, a publicly listed company, intends to set up a Bitcoin strategic reserve. It has declared the successful approval of a $30 million financing, with 15% of the total financing amount, which is $4.5 million, being designated for the purchase of Bitcoin. Davis Commodities is a Singapore-based agricultural trading firm that mainly engages in the trade of agricultural products like sugar, rice, and oils, distributing these products to various markets including Asia, Africa, and the Middle East. The company also offers ancillary services related to agricultural products such as warehousing, processing, storage, and logistics.

Analysis: Bitcoin Long-Term Holders are gradually selling, focusing on key supports at $103,700 and $95,600

On June 6th, glassnode presented an analysis indicating that Bitcoin long-term holders are gradually liquidating their holdings. In the absence of strong upward driving forces, the risk of a short-term pullback is on the rise. On-chain models reveal key support ranges: the 0.95 SSD percentile value is approximately $103,700, and the 0.85 percentile value is $95,600. If profit-taking persists, these will be the price levels to keep a close eye on.

Bitcoin Surges Past $104,000

On June 6th, based on HTX market data, Bitcoin witnessed a rebound and succeeded in breaking through $104,000. The 24-hour decrease was narrowed to 0.81%.

Publicly Listed Company Domain Tower Logistics Announces Digital Asset Reserve Strategy, Plans to Acquire Up to 15,000 Bitcoins

On June 6th, Domain Logistics Technology Group, a company listed in the US, announced that it has reached a Bitcoin Acquisition Agreement with a Bitcoin institutional investor group (hereinafter referred to as the "BTC Investor"). According to the agreement, Domain is able to purchase up to 15,000 bitcoins from the BTC Investor, with a maximum total transaction amount of up to $1.5 billion. The payment will be made by issuing common stock of the company to the BTC Investor. The actual number of shares issued will be determined through negotiations between both parties and will take into account factors such as the Bitcoin price, the company's stock price, and trading volume. The company stated that this strategic acquisition will assist in establishing the company's digital asset reserves, further enhance its balance sheet, and promote the development of its core businesses, including the integration of decentralized finance (DeFi), the tokenization of logistics assets, and smart cont

Greeks.Live: The market is generally cautious and bearish, with some traders starting to position for a Bitcoin rebound

On June 6th, Adam, the analyst from Greeks.Live, posted on social media and said, "The community is generally in a state of caution and bearishness. As Bitcoin dropped to the range between $10,200 and $10,300, traders actively took profits by liquidating their bearish put option positions. Most traders are keeping an eye on the key $10,000 support level. Meanwhile, some are beginning to position for a possible rebound by purchasing call options with a target price of $10,400 and above."

Greeks.Live: Institutions Expectations for Bitcoin's Recent Rapid Surge are Low, Anticipating More of a Long-Term Gradual Increase

On June 6th, the Greek.Live analyst Adam posted on social media, saying, "For June 6th Options Expiry Data: There are 31,000 BTC options expiring, with a Put Call Ratio of 0.71 and a max pain at $105,000, and a notional value of $3.18 billion. There are 241,000 ETH options expiring, with a Put Call Ratio of 0.63 and a max pain at $2575, and a notional value of $590 million." Most of this week was characterized by a sideways market. Last night, due to the public conflict between Trump and Musk, Tesla's significant decline led to a substantial pullback in the stock market and the crypto market. Looking at the main expiry data, the volume was approximately 10% of the total open interest. After several weeks of decline, this ratio rebounded this week. At the same time, there were several large block orders to keep an eye on, and market activity increased. Overall, institutional investors in the crypto space have low expectations for Bitcoin's recent rapid rise and are more anticipating a

Metaplanet has announced the launch of a approximately $5.4 billion Bitcoin equity financing plan.

On June 6th, Simon Gerovich, the CEO of the publicly traded Japanese company Metaplanet, announced on social media that "Metaplanet has launched the largest Bitcoin-related equity financing plan in Asia up to now: with a financing amount of 770.9 billion yen (approximately $5.4 billion), issuing 5.55 billion new shares through 'floating strike price warrants' at a premium to the market price, taking advantage of Metaplanet's high stock price volatility and strong liquidity." "Metaplanet plans to hold 100,000 BTC by the end of 2026. By the end of 2027, the number of Bitcoins will reach 210,000, accounting for 1% of the total Bitcoin supply."

Matrixport: US Macro Data Weakness May Trigger Market Turbulence, Bitcoin Rally Hard to Sustain

On June 6th, Matrixport released a weekly report indicating that the upward momentum of Bitcoin is waning and cracks are starting to emerge in the U.S. macroeconomic backdrop. Two crucial economic indicators have recently dropped to multi-month lows. However, most investors' attention is still concentrated on ETE fund flows. In fact, funding dynamics, stablecoin activities, and forward-looking data all suggest that the market may be undergoing a more substantial shift. As U.S. macroeconomic data begins to show signs of softening, we may be entering a period of uncertainty. The recent strong performance in demand is likely due to the market's accelerated execution of orders in anticipation of Trump's tariff policy. But this activity seems to be normalizing. Policymakers may be worried that the tariff policy will reignite inflationary pressures, so they are maintaining caution and are reluctant to prematurely ease policies. We have previously pointed out that if Bitcoin breaks above $8

Analyst: If the Fed Cuts Rates This Month, Bitcoin Could Surge to $112,000

On June 6th, as per Cointelegraph, Carlo Pruscino, an analyst at CMC Markets, stated that the Federal Reserve is anticipated to maintain interest rates unchanged this month. However, an unexpected rate cut could potentially drive Bitcoin to a new all-time high. If the Fed cuts rates earlier than what the market anticipates, it could propel the Bitcoin price back up to $112,000. Pruscino said, "If the next two rate cuts occur earlier, this will exert a significant influence on the future price trend of Bitcoin and other cryptocurrencies. The upside target that is on traders' minds at present is $112,000, which is a crucial psychological level." Pruscino also stated that the Fed has "sufficient data" to make a decision. Nevertheless, due to Trump's tariff policy, the Fed still faces uncertainties. The US Bureau of Labor Statistics' US jobs report, which is scheduled to be released on June 6th, will serve as a key indicator for the Fed's rate cut decision and the recent price trend of B

The $31 Million Bitcoin Donation to Silk Road Founder Ross Ulbricht Suspected to Originate from Alphabay

On June 6th, Cointelegraph reported that based on a Chainalysis investigation, the $31 million Bitcoin donation received by Ross Ulbricht, the founder of Silk Road, is suspected to have originated from the Silk Road successor darknet market Alphabay. Previously, on June 1st, according to LookOnChain monitoring, the donation address of Ross Ulbricht received 300 Bitcoins 8 hours ago, with an approximate value of $31.4 million.

Bitcoin Surges Above $103,000

On June 6th, based on HTX market data, Bitcoin saw a rebound and surpassed $103,000. It is now trading at $103,190.

Yesterday, the United States Bitcoin Spot ETF experienced a net outflow of $2.784 billion.

On June 6th, as monitored by Farside Investors, the net outflow of US Bitcoin spot ETF yesterday was $278.4 million. This included: - BlackRock IBIT: $0 - Fidelity FBTC: -$80.2 million - Bitwise BITB: -$36.7 million - ARK ARKB: -$102 million - SkyBridge BTCO: -$12.2 million - VanEck HODL: -$6.5 million - Grayscale GBTC: -$24.1 million - Grayscale Mini BTC: -$16.7 million

Bitcoin Rebounds Above $102,000

On June 6th, based on HTX market data, Bitcoin has rebounded to a level above $102,000 and is currently trading at $102,064, with a 24-hour decline of 2.78%.

Two Whales Long Bitcoin with 40x Leverage During Market Dip

On June 6th, as monitored by Onchain Lens, two whales on Hyperliquid opened long positions in BTC with 40x leverage. The first whale deposited $2.65 million and initiated long positions in BTC (40x) and SUI (10x) four hours ago. The second whale deposited $2.35 million and opened a long position in BTC with 40x leverage ten minutes ago.

Trump Media & Technology Group Files S-3 Registration Statement, Launches $2.3 Billion Bitcoin Reserve Plan

On June 6th, the Trump Media Group (traded on Nasdaq and NYSE Texas: DJT) announced that it had submitted an S-3 registration statement to the U.S. Securities and Exchange Commission regarding a previously signed debt and equity subscription agreement with approximately 50 investors, with a total revenue of around $2.3 billion. This is regarded as "one of the largest publicly traded company Bitcoin reserve transactions." The registration statement encompasses the resale of approximately 56 million shares of stock and 29 million shares of convertible bonds to investors. Additionally, it includes a shelf registration for future mergers and capital raising to offer flexibility to the company. CEO Devin Nunes stated that these actions will provide Trump Media with the capital, assets, and independence required to achieve rapid expansion and attract more users to the "patriotic economy."

CME Bitcoin Futures Large Trader Count Reaches All-Time High, Up 36% Since Beginning of the Year

On June 6th, CME Bitcoin futures witnessed a record high of 217 large traders, showing a 36% increase compared to the beginning of the year. This indicates a notable rise in institutional investors' interest in Bitcoin. Since the start of 2024, the number of large traders has been continuously rising, suggesting that institutional Bitcoin allocation has become a consistent trend rather than opportunistic trading. (The Block)

Bitcoin dropped below $101,000 this morning, and Ethereum fell below $2,400

On June 6th, based on HTX market data, Bitcoin dropped below $101,000 this morning, reaching a low of $100,406. Currently, it is trading at $101,600, indicating a 24-hour decline of 2.81%. In addition, Ethereum also fell below $2,400 this morning. Now it is trading at $2,421.27, with a 24-hour decline of 6.5%.

Bitcoin Drops Below $102,000

On June 6th, based on HTX market data, Bitcoin dropped below $102,000.

Truth Social Bitcoin and Ethereum ETF Registered in Nevada

On June 6, according to market information, the Bitcoin and Ethereum ETF of Truth Social was registered in Nevada.

Bitcoin Drops Below $103,000

On June 6th, based on HTX market data, Bitcoin dropped below $103,000, experiencing a 24-hour decline of 2.17%.

James Wynn is facing continued liquidation, with a liquidation loss of 279.9 bitcoins

James Wynn's 40x Bitcoin long position partially liquidated, losing approximately 155.38 BTC

On June 6th, as monitored by LookOnChain, whale James Wynn's 40x long position in Bitcoin was partially liquidated, resulting in a loss of approximately 155.38 BTC, which is equivalent to about $16.14 million.

James Wynn increased his Bitcoin long position margin by 40x, with a liquidation price of $103,860.

Bitcoin Drops Below $104,000

On June 5th, according to HTX market data, Bitcoin fell below $104,000, experiencing a 24-hour decline of 0.6%.

The US stock pharmaceutical company Silo Pharma's board of directors has approved the purchase of $1 million in Bitcoin as a reserve asset

On June 5th, as per GlobeNewswire, the board of directors of the US-listed pharmaceutical company Silo Pharma (Nasdaq: SILO) has given the green light to purchase up to $1 million worth of Bitcoin as a reserve asset. Silo Pharma's CEO, Eric Weisblum, stated that integrating Bitcoin into the company's reserves is a strategic move. It will diversify assets by means of digital value storage and act as a hedge against inflation. Silo Pharma anticipates that this action will optimize long-term shareholder value.

Truth Social Submits Bitcoin ETF S-1 Registration Statement

On June 5th, Truth Social, the social media platform of Trump, submitted an S-1 registration statement for a Bitcoin ETF to the U.S. Securities and Exchange Commission. An S-1 registration statement is an initial filing that the U.S. Securities and Exchange Commission (SEC) mandates for U.S. companies when they list their securities on a U.S. national securities exchange like the New York Stock Exchange or Nasdaq. Its purpose is to provide investors with important information about the security issuance, assist in understanding the risks and rewards of the investment, prevent fraud, and ensure market transparency.

U.S. publicly traded company ATIF has announced that it will accumulate 1,000 bitcoins over the next five years.

On June 5th, according to Investing.com, the U.S.-listed company ATIF Holdings Limited (ZBAI) announced its intention to accumulate 1,000 Bitcoins within the next five years through direct purchases and mining operations. The company will adopt a hybrid approach, which involves directly purchasing Bitcoin on the open market, building and operating its own Bitcoin mining facilities, and acquiring operating Bitcoin mining sites. ATIF Holdings has initially selected the western part of Texas in the United States as the main location for its mining operations. Kamran Khan, the CEO of ATIF Holdings, stated that the company views Bitcoin as a long-term store of value and a strategically positioned growth asset. The company has already made purchases of Bitcoin on the open market and plans to continue buying in the near future.

Analysis: Bitcoin Holders Return to Accumulation Mode, Strongest Accumulation Behavior Seen Among 10 to 100 BTC and Less Than 1 BTC Holders

On June 5th, based on glassnode data, BTC holders have reverted to an accumulation mode after briefly inclining towards selling. All wallet cohorts demonstrate varying degrees of buying behavior. The 10-100 BTC holdings group and the less than 1 BTC holdings group show the strongest accumulation behavior, both reaching the maximum possible score of 1.0.

Bitfinex Analyst: If Friday's US Jobs Data Is Weak, Bitcoin Price May Surge to $125,000 in June

On June 5th, a Bitfinex analyst stated that if the US jobs report on Friday is weak, triggering market expectations of an early Fed rate cut, the price of Bitcoin may rise to $125,000 in June. Conversely, if the job data is strong, the price could fall to approximately $95,000. Meanwhile, BRN cautioned that the decreasing inflows into cryptocurrency ETFs, the surge in IPO activities, and the price trends all suggest a bearish market outlook in the near term, lacking upward impetus. (The Block)

Cryptocurrency Mining Company BitMine Completes $18 Million IPO, Plans to Use Raised Funds to Purchase Bitcoin

On June 5th, the Bitcoin mining company BitMine Immersion Technologies, Inc. (NYSE American: BMNR) declared the accomplishment of an initial public offering amounting to $18 million. It issued 2.25 million shares of common stock at a price of $8 per share and has been granted approval for listing on the New York Stock Exchange American platform (NYSE American). The company intends to utilize the net proceeds from the offering to purchase Bitcoin. (Globe Newswire)

The UK-based public gold mining company, Bluebird Mining Ventures, plans to adopt a Bitcoin Treasury Strategy

On June 5th, according to Bitcoin Magazine, the public gold mining company Bluebird Mining Ventures in the UK plans to adopt a Bitcoin treasury strategy. The company has indicated that it will "convert future mining project revenues into Bitcoin".

CryptoQuant Analyst: Hash Ribbons Indicator Signals Bitcoin Buy Opportunity

On June 5th, the CryptoQuant analyst Darkfost stated that the latest data of the Hash Ribbons indicator indicates that Bitcoin has triggered a buy signal. This indicator assesses the pressure level of the miner ecosystem by comparing the 30-day and 60-day moving averages of the hash rate. The analysis pointed out that with Bitcoin's hash rate recently reaching an all-time high, miners are facing short-term pressure and may be compelled to sell Bitcoin to maintain their operations. Such a sell-off often creates long-term buying opportunities.

Analyst: US Tariff Policy Uncertainty Is the Biggest Risk to Bitcoin's Recent Bet

On June 5th, as per Cointelegraph, a crypto analyst cautioned that the ongoing tariff uncertainty brought about by U.S. President Donald Trump represents the greatest risk for Bitcoin investors to wager on within the next two months. Swyftx's Chief Analyst, Pav Hundal, declared, "The predominant threat currently afflicting the bulls is that nothing will undergo transformation during the ensuing two months, and we will find ourselves entrapped within this perpetual cycle of tariff brinkmanship." Hundal pointed out that U.S. policymakers might defer monetary easing until they obtain "definitive data" regarding the impact of Trump's tariffs, which could give rise to a risk of "slower economic growth."

Yesterday, the US Bitcoin Spot ETF saw a net inflow of $87 million

On June 5th, based on Farside's monitoring data, the net inflow of the US Bitcoin spot ETF was $87 million the previous day.

Salvadoran President Meets with White House Digital Asset Policy Advisor Bo Hines to Discuss Bitcoin and Digital Asset Collaboration

On June 5th, Salvadoran President Nayib Bukele had a meeting with Bo Hines, the White House Digital Asset Policy Advisor. During this meeting, they discussed the cooperation between the United States and El Salvador in the Bitcoin and digital asset field.

The Blockchain Group will hold a shareholder meeting next week to review the €100 billion Bitcoin Reserve Acceleration Plan

On June 4th, Alexandre Laizet, the Bitcoin Strategy Director of The Blockchain Group, announced on social media that given the successful implementation of the Bitcoin treasury reserve strategy and with the aim of achieving the group's development goals, The Blockchain Group intends to submit to the shareholders' meeting for approval a new financing plan amounting to 10 billion euros in order to accelerate the Bitcoin accumulation strategy. All shareholders are now invited to attend the ordinary and special shareholders' meeting scheduled for June 10, 2025, to review the 2024 financial statements and provide support for the accelerated implementation of the company's Bitcoin treasury reserve strategy.

Sygnum Bank Report: Bitcoin Liquidity Tightening Sets Stage for Future Price Appreciation

On June 4th, Swiss bank Sygnum pointed out in a market outlook report released on Tuesday that the circulating supply of Bitcoin is rapidly shrinking. Over the past 18 months, the estimated liquidity of the BTC supply has decreased by 30%. This drastic liquidity drought may set the stage for upward price volatility in the coming months. Analysts wrote in the report: "Against the backdrop of continuous strong demand, the liquidity supply of Bitcoin is facing severe tightening, creating conditions for a price surge." The report specifically emphasized the surge in Bitcoin ETF inflows and the increasing openness of various governments to Bitcoin reserves, which is fueling market expectations of a 'demand shock' - a situation where there are too many buyers and too few circulating tokens. Sygnum data shows that since the end of 2023, more than one million BTC have flowed out of exchanges. ETF institutions and corporate funds are the main hoarding forces. This trend is putting additional

Bitcoin Drops Below $105,000

On June 4th, based on HTX market data, Bitcoin fell below $105,000 and is currently trading at $104,972.

K Wave Media plans to issue up to $500 million in common stock backed by Bitcoin strategic reserves, aiming to become the "Korean version of Metaplanet."

On June 4th, as per the report in businessinsider, Nasdaq's first South Korean media alliance, K Wave Media Inc. (with the Nasdaq symbol: KWM), announced today that it has reached a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC. The company will issue up to $500 million in common stock through this means. The funds obtained from this financing will be utilized to support the company's Bitcoin-centric digital asset reserve strategy, working capital, and merger and acquisition activities, thereby further expanding its content production and K-POP-related business. Under this strategic framework, K Wave will, within certain limitations, use the majority of the proceeds from the financing for the long-term holding and yield optimization of Bitcoin (BTC), making it one of the world's first publicly listed media companies to directly incorporate BTC into core treasury management. Additionally, the company plans to operate Bitcoin Lightning Network nodes and inv

Source: MoonPay has obtained the New York Bitcoin license BitLicense

On June 4th, the crypto journalist Eleanor Terrett made a post on social media stating that MoonPay has obtained the New York Bitcoin license, BitLicense. This has cleared the way for the company to provide services to customers in all 50 states of the US. It is reported that currently, a few companies holding this license include Anchorage Digital, Coinbase, and Circle. BlockBeats Note: BitLicense is a general term for a business license for virtual currency activities issued by the New York State Department of Financial Services (NYSDFS) according to regulations designed for companies.

Russia's Moscow Exchange Launches Bitcoin Futures Trading

On June 4th, as reported by Bitcoin Magazine, the Moscow Exchange, which is Russia's largest securities exchange, has officially begun providing Bitcoin futures trading services for eligible investors. It is noted that these Bitcoin futures are introduced by Russia's largest commercial bank, Sberbank, on its SberInvestments platform and are listed on the Moscow Exchange.

James Wynn: Bitcoin Trend Reversal Confirmed, All-Time High on the Horizon

On June 4th, Whale James Wynn once more posted a long call for Bitcoin, stating, "The trend reversal of Bitcoin has been confirmed. This is the final opportunity, and a new all-time high is on the horizon." Currently, James Wynn's 40x long position in Bitcoin is approximately worth $126 million. The opening price is $106,073.6, the liquidation price is $104,710, and there is an unrealized loss of around $740,000.

A certain whale has increased its holdings by 23.7 WBTC, now owning a total of $18.22 million worth of Bitcoin.

On June 4th, as monitored by on-chain analyst Ai Yi (@ai_9684xtpa), the whale address "0xF0B...Bf06a" has been accumulating 83.94 WBTC since May 12th. The value of these accumulated WBTC is $8.98 million, with a cost of $1,070,005. Currently, it has an unrealized loss of $134,000. The most recent accumulation occurred 3 hours ago, during which 23.7 WBTC were bought at an average on-chain price of $105,343, amounting to around $2.49 million. Now, this address holds a total of $18.22 million worth of WBTC.

CryptoQuant: Bitcoin Retail Demand has Decreased by Approximately 2.45% in the Last 30 Days, Signaling a Market Still Far From Euphoria

On June 4th, CryptoQuant analyst Caueconomy posted and stated that in the past 30 days, among retail investors with on-chain Bitcoin transaction volumes of less than $100,000, the transaction volume has decreased by approximately 2.45%. This indicates that small-scale investors have not yet reached a state of extreme enthusiasm in the current market. Although these participants may be using other investment tools such as ETFs and Bitcoin financial companies, the on-chain fund structure usually reacts sensitively to these fund flows. Currently, there are no structural signs indicating market frenzy.

Coinbase CEO: US Debt Crisis Could Drive Bitcoin to Become the World's Reserve Currency

On June 4th, Coinbase's CEO, Brian Armstrong, declared that if the U.S. Congress does not promptly address the $37 trillion debt issue, Bitcoin might potentially "take over" and become the subsequent global reserve currency. Armstrong wrote on social media on Tuesday, "I hold a deep affection for Bitcoin, yet a robust America is equally crucial to the world. We must bring our fiscal affairs in order." Armstrong's worries regarding the debt crisis emerged as House Republicans passed the Trump-endorsed "Big Beautiful Bill" in May. This bill extended tax cuts, augmented military spending, and scaled back on healthcare subsidies, food aid, and clean energy budgets. The intensifying fiscal pressures are fueling the interest in Bitcoin.

James Wynn: Bitcoin Breaks Out of Local Downtrend, Reversal Underway

On June 4th, Whale James Wynn posted on social media and said, "Bitcoin has broken the local downtrend and the reversal has started."

H100 Group has secured a $2.1 million convertible loan from Adam Back for the purpose of increasing its Bitcoin holdings

On June 4th, the Swedish healthcare company H100 Group has obtained a $2.1 million convertible loan from Adam Back, and there is a possibility of an additional $12.8 million. This funding will be employed to continuously accumulate Bitcoin.

Yesterday, the US Bitcoin Spot ETF saw a net inflow of $3.751 billion

On June 4th, according to Farside Investors, the net inflow into the US Bitcoin spot ETF yesterday was $3.751 billion.