Bitcoin (BTC) — Onchain News & Whale Tracking

Bitcoin Surges Above $66,000

June 15: Data from HTX shows Bitcoin rebounded to break above $66,000, with a 2.28% gain in the 24-hour period.

Bitcoin Rebounds to $65,000, Market Betting Fed Won't Turn More Hawkish?

June 15 — Bitcoin has bounced back above the $65,000 threshold and is currently trading at $65,568. With the Federal Reserve’s interest rate meeting kicking off this week, improving market risk appetite has driven a synchronized rally in high-risk assets like Bitcoin and U.S. tech stocks. Analysts attribute this recent gain to two key factors: first, fresh capital flowing back into risk assets, and second, expectations of falling oil prices amid easing tensions in the Middle East. The market anticipates that reduced energy price pressures will ease inflation concerns, lowering the chance the Fed will signal a more hawkish policy stance. Right now, the market widely forecasts the Fed will keep interest rates unchanged, but investors are zeroing in on new Fed Chair Kevin Warsh’s first meeting and his comments on the future policy trajectory. If the Fed sends a dovish signal, market risk appetite could rise even further; conversely, if it doubles down on concerns about sticky inflation

Bitcoin Breaks $66,000

On June 15, Bitcoin broke through the $66,000 mark, per HTX market data, with a 2.4% price increase over the past 24 hours.

Most crypto funds believe that Bitcoin has not yet bottomed out, and the market bottom may form in late Q3 to early Q4.

June 15: A majority of institutional investors hold that Bitcoin still has further downside potential, with overall market sentiment remaining cautious. Macroeconomic uncertainty, tighter liquidity, ETF outflows, and capital shifting to AI and other sectors continue to weigh on BTC’s price. David Grider, Partner at Finality Capital, noted his firm expects Bitcoin’s current market bottom could arrive in late Q3 or early Q4 of 2026, with BTC bottoming in the $45,000–$55,000 range. Even investors who believe the market is nearing a bottom don’t anticipate a strong short-term rebound. Research shows many funds are increasing cash positions, cutting directional risk exposure, and adopting more market-neutral, hedging, and derivative strategies to navigate volatility. Meanwhile, institutional funds are focusing on fundamentally strong areas like DeFi, AI, and tokenized assets, rather than allocating solely to Bitcoin. Institutions generally cite high interest rates, liquidity contra

Cardano Founder Responds to Controversy Over $70 Million Bitcoin Transaction: Audit Fee Paid in 2016

June 15 — The crypto project Cardano is mired in controversy following a discovery by Thomas Braziel, an investor focused on bankruptcy claims and digital assets. Braziel found via company documents and on-chain records that roughly 1,090 Bitcoin from Cardano’s crowdfunding round has an unknown whereabouts. These Bitcoins were originally allocated to an Isle of Man entity—an early predecessor structure of the Cardano Foundation, which was dissolved in December 2025. In a post on X, Braziel questioned Cardano founder Charles Hoskinson, who was an early participant in that Isle of Man entity: What happened to this Bitcoin (now worth around $70 million) after the entity dissolved? Who controls the funds now? And is the situation transparent? Hoskinson responded during an AMA yesterday, stating the Bitcoin was used to cover audit fees for the 2016 crowdfunding sale, when the BTC was only valued at $454,000. Now, Braziel is requesting additional evidence from Hoskinson to validate this cl

Prominent Trader: Bitcoin's Short-Term Key Level is $64,000, Holding above Could See a Rally to $67,000

On June 15, well-known crypto trader Killa (@KillaXBT) laid out a critical price level for Bitcoin: it needs to hold $64,000. If Bitcoin manages to hold that level, it will test $67,000 and trigger additional short position liquidations. Conversely, a breakdown below $64,000 would send the crypto tumbling straight under $60,000, with this recent pump revealed as nothing more than a “scam pump” — a move designed to trap more long traders. Killa, a Bitcoin-focused quantitative trader, accurately called the peak of this bull market back in May 2025 and boasts over 200,000 followers on X. For context, he shorted Bitcoin at $74,688 in mid-April and switched to a long position during the broader market selloff on June 5.

The US-Iran Agreement Confirmed, Bitcoin Quickly Rebounds, Traditional Finance Sees Cautious Stock Market Rally

June 15 — Despite Israeli interference, the U.S.-Iran peace agreement advanced unimpeded overnight and this morning. President Trump announced his approval of free navigation through the Strait of Hormuz and immediate lifting of the U.S. Navy’s blockade on Iran. Iran’s Deputy Foreign Minister further confirmed that the U.S.-Iran Memorandum of Understanding (MoU) has been finalized, with a formal signing scheduled for this Friday, June 19, in Switzerland. Notably, Iran’s Deputy Foreign Minister clarified this is only a preliminary Memorandum of Understanding, not a final binding agreement. Negotiations for a full final accord will launch within 60 days, focusing on core issues including sanctions relief, Iran’s nuclear program, establishing a framework for the country’s reconstruction, and oversight and enforcement mechanisms. Even so, global markets remain unconvinced about Middle East stability, lingering with caution. Against this backdrop, Bitcoin saw a sharp rebound. Per HTX mark

Elon Musk's Wealth Could Surpass Bitcoin's Market Cap, with the gap between the two narrowing to just $80 billion during Friday's trading.

On June 15, Elon Musk’s net worth saw a major jump following SpaceX’s initial public offering (IPO), making him the world’s first trillionaire. Before the IPO, Musk’s fortune stood at roughly $780 billion. After SpaceX’s IPO pricing, his wealth surged by approximately $188 billion, landing at around $968 billion. SpaceX’s shares opened at $150, closed at roughly $161, and Musk’s net worth climbed to about $1.1 trillion, briefly hitting $1.2 trillion during intraday trading. Per HTX market data, Bitcoin (BTC) traded near $64,000, with a total market capitalization of around $1.28 trillion. If SpaceX’s stock continues its strong performance, Musk’s wealth is poised to overtake Bitcoin’s market cap.

Bitcoin Falls Below $64,000, 24-hour Change -0.3%

Bitcoin fell below $64,000 on June 14, HTX market data shows, posting a 0.3% drop in the last 24 hours.

Michael Saylor Reissues Bitcoin Tracker Info, Hinting at Another BTC Purchase

On June 14, Strategy founder Michael Saylor once again shared details about the firm’s Bitcoin Tracker, noting, "Still adding dots." Per the company’s established pattern, Strategy typically discloses its additional Bitcoin purchases two days after releasing such an update.

Michael Saylor Explains Strategy Behind Two Key Bitcoin Metrics: BPS Is a Growth Story, CEBE BPS Is Real Risk Exposure

On June 14, Michael Saylor published a post clarifying two key per-share Bitcoin metrics tied to MicroStrategy’s Bitcoin holdings, breaking down their differences in a way tailored for investors. BPS, short for Bitcoin Per Share, measures the amount of Bitcoin linked to common shares before accounting for senior debt—an optimistic metric that shows how quickly per-share equity accumulates when the company acquires Bitcoin via debt or equity issuances. BTC Yield, for its part, tracks the effectiveness of this strategy by relying on BPS as its core basis. CEBE BPS, by contrast, is the actual per-share Bitcoin exposure accessible to common shareholders after deducting all senior obligations (including term debt, convertible bonds, preferred stock, and so on)—a more conservative risk indicator. Saylor noted that the relative importance of these two metrics depends on MicroStrategy’s liability maturity schedule: Shorter-dated debt makes CEBE BPS far more critical, as it directly re

Analysis: 42.6% of Bitcoin's hash rate is concentrated in the United States, and the controversy over mining pool control continues to escalate

June 14. While Bitcoin’s network design centers on decentralization and censorship resistance, experts are now revisiting these core tenets—given that roughly 42.5% of global hashrate is currently concentrated in the United States. Data shows U.S.-listed public mining companies control about 31.5% of global hashrate, with broader estimates pointing to even higher total influence. Leading mining pool Foundry USA has long held the largest global hashrate share, at one point nearing one-third of the total network capacity on its own. Analysts argue the real risk isn’t just geographic centralization—it’s concentration at the pool level. Pools dictate which transactions are included and how block templates are structured, and the top mining pools combined now hold over two-thirds of global hashrate, fueling concerns over widespread transaction censorship. Following global mining bans in 2021, the Bitcoin network proved highly adaptable: after a sharp short-term drop in global hashrate, i

Brazilian Court Denies Release Request for "Bitcoin Queen" Defendant in Diet Dispute Case, States Vegan Diet Controversy Does Not Justify Pretrial Detention

June 14 (via Brazilian Media) – The Brazilian Superior Court of Justice (STJ) recently rejected a release request for Mirelis Yoseline Diaz Zerpa, a defendant tied to the "Bitcoin Pharaoh" Glaidson Acácio dos Santos case. Zerpa’s defense team had previously applied to have her detention converted to house arrest, claiming the prison could not provide a vegan diet. In its ruling, the court noted that dietary preferences are personal choices, and facilities can make reasonable adjustments within their capabilities. However, the court added that this concern does not constitute a legal reason to lift her preventive detention. Case files reveal Zerpa spent nearly four years as a fugitive in the United States before being deported to Brazil over visa-related issues and detained again. Prosecutors accuse her of involvement in leading a criminal organization and related financial crimes linked to operations named "Kryptos," "Valeta," and "Flyer One." Furthermore, court documents state Zerp

Bitcoin Mining Difficulty Sees 10.09% Single-Adjustment Downward, Marking the 11th Largest Downward Adjustment in History

June 14 — Galaxy Research’s monitoring data shows the Bitcoin network completed its latest difficulty adjustment at block height 953,568 today. The adjustment lowered the network’s mining difficulty by 10.09%, falling from 138.96T to 124.93T. This ranks as the 11th largest single difficulty drop in Bitcoin’s history and the second-biggest decline since 2026. The adjustment cycle lasted 15.6 days, notably longer than the protocol’s standard 14-day target period. Research points out Bitcoin’s price dropped roughly 15% in June, squeezing miners’ profit margins. This led some mining operations to go offline, reducing the network’s overall hash rate and triggering the difficulty readjustment. Galaxy Research notes this reflects Bitcoin’s typical pressure transmission mechanism during a price downturn: falling prices drive mining power to exit the network, which in turn prompts a difficulty adjustment to restore a dynamic equilibrium for miner profitability and network security.

Analyst: US Bond Yield Rises to Highest Level Since Bitcoin's Inception, Potentially Suppressing Risk Asset Performance

June 13 – Crypto analyst Darkfost took to social media to point out Bitcoin is facing one of the most challenging U.S. Treasury yield environments since its inception. While the Federal Reserve’s benchmark interest rate and the U.S. Dollar Index have reached higher levels in the past, long-term U.S. bond yields are currently elevated, with 10-year and 30-year yields fluctuating between 4.5% and 5%. Coupled with growing market expectations of another interest rate hike later this year, this has driven up funding costs and created a tighter liquidity landscape. Analysts note that in this high-yield environment, investors tend to favor low-risk fixed-income assets, which diminishes the appeal of risk assets like Bitcoin. Historical patterns show that rising bond yields often align with tightening financial conditions, exerting pressure on Bitcoin’s price trend. The market is now at a key inflection point: the risk premium offered by risk assets relative to long-term bonds is being compre

If Bitcoin breaks above $66,000, the mainstream CEX cumulative short liquidation pressure will reach $915 million.

June 13 update — Per Coinglass data, if Bitcoin breaks above $66,000, cumulative short liquidation intensity across major centralized exchanges (CEXs) will total $9.15 billion. Conversely, if Bitcoin falls below $62,000, cumulative long liquidation intensity across major CEXs will reach $9 billion. BlockBeats Note: The liquidation chart does not display the exact number of contracts or precise liquidation values being unwound. Instead, its bars represent the relative importance of each liquidation cluster versus adjacent clusters — that is, their intensity. As such, the chart illustrates how much the underlying asset’s price will be impacted once it hits a specific level. A higher "liquidation bar" signals a stronger price reaction due to a liquidity cascade once that price level is reached.

Bitcoin Rebounds, Surpasses $64,000

June 13: Per HTX market data, Bitcoin rebounded to break through $64,000, is now trading at $64,006, and has a 0.75% 24-hour price change.

El Salvador Optimizes Immigration System, Temporary Residents to Enjoy 0% Tax Rate on Bitcoin Gains and Overseas Income

**El Salvador Overhauls Immigration and Tax Systems to Attract Global Wealth and Talent** June 13 — El Salvador is refining its immigration and tax frameworks to draw high-net-worth individuals, families, and cross-border capital. A core update: Decree No. 531, effective March 31, 2026, slashes temporary residency requirements from 9 months per year to just 90 days annually (either consecutive or cumulative). The change targets frequent cross-border groups: entrepreneurs, investors, and remote workers. For those with overseas income, El Salvador offers one of Latin America’s most favorable tax structures. It operates on a territorial tax model, where only income earned within El Salvador is taxable. A 2024 income tax reform clarified that both residents and non-residents qualify for full exemption from Salvadoran income tax on foreign-sourced revenue—no cap applies. This means freelancers, remote workers (including content creators, developers, and international entrepreneurs) pay

The US Bitcoin Spot ETF experienced a net outflow of $319.3 million this week, with IBIT seeing an outflow of $355 million.

As of June 13, data from Farside Investors shows total net outflows from U.S. spot Bitcoin ETFs reached $319.3 million this week. For individual funds: BlackRock’s IBIT posted a net outflow of $355 million, Grayscale’s GBTC logged $87.9 million in net outflows, and VanEck’s HODL had a $13 million net outflow. On the inflow front, Fidelity’s FBTC recorded a net inflow of $55.7 million, ARK Invest’s ARKB saw $39.1 million in net inflows, and BTC brought in $27.5 million. Funds BTCO, EZBC, and BRRR had zero net fund flows during the week.

Top Cryptographers Disagree on Bitcoin's Quantum Risk Significance Issue, But Recommend Immediate Initiation of Post-Quantum Signature Planning

June 13: The Cryptography Advisory Council, convened by Coinbase, has stated that quantum computers don’t pose an immediate threat to blockchains—but the Bitcoin community should immediately begin planning for post-quantum signatures. Council members include top cryptography experts like Scott Aaronson of the University of Texas at Austin, Stanford’s Dan Boneh, and Justin Drake of the Ethereum Foundation. The report identifies that Bitcoin’s quantum risk is concentrated in early addresses: around 1.7 million BTC are held in roughly 20,000 early public key addresses, where owners’ public keys are publicly posted on-chain, leaving them vulnerable to future quantum attacks. Many of these addresses are believed to belong to Bitcoin’s anonymous creator Satoshi Nakamoto or holders who lost their private keys, so their funds can’t be moved proactively to more secure wallets. Project11’s research adds that another ~5 million BTC face potential risk from address reuse, though most of these are

Analysis: De-escalation of US-Iran Tensions Boosts Bitcoin Rebound, Market Reversal Still Awaits ETF Inflows and Buying Interest Confirmation

June 13 Bitcoin Update: BTC plunged from nearly $73,000 to under $60,000 before bouncing back to around $63,500. At this level, it’s down roughly 50% from its October 2025 all-time high of ~$126,000. While this pullback has pushed Bitcoin into the valuation band typically linked to bear market bottoms, there’s been none of the panic selling that usually signals a definitive market bottom. One key catalyst for the recent drop? A noticeable shift in Michael Saylor’s Strategy. The firm disclosed on June 1 that it sold 32 BTC for about $2.5 million to cover preferred stock dividends. Though that sum is tiny compared to its roughly 845,000 BTC holdings, the market framed it as a major departure—Saylor has long clung to his mantra of “never selling Bitcoin.” Strategy may be testing a new approach to using BTC as a corporate treasury asset by offloading small amounts, rather than just holding long-term. Earlier Iran tensions added extra pressure, lifting oil prices and amplifying fears of

SpaceX has officially become the world's eighth-largest publicly traded Bitcoin holding company, currently holding 18,712 BTC

June 13 update: Elon Musk’s SpaceX has officially gone public. In its S-1 filing with the U.S. Securities and Exchange Commission (SEC), SpaceX disclosed it holds 18,712 Bitcoin (BTC). At the current price of roughly $63,000 per BTC, this holding is valued at about $1.18 billion—making SpaceX the 8th-largest publicly traded company globally in terms of Bitcoin holdings. SpaceX’s BTC has been on its balance sheet for some time, with an average purchase cost of around $35,000 per coin, meaning it has accumulated substantial unrealized gains. Musk’s other publicly traded firm, Tesla, holds 11,509 BTC. Combined, SpaceX and Tesla own 30,221 BTC total. If the two companies merged, their joint Bitcoin stake would rank as the 5th-largest globally among public companies. SpaceX’s IPO is granting traditional investment portfolios indirect exposure to Bitcoin, showcasing the growing acceptance of BTC as a treasury asset by large strategic businesses.

Standard Chartered Bank: Bitcoin May Have Bottomed Around $59,000, Crypto Winter Over

On June 13, Standard Chartered analyst Geoffrey Kendrick stated in a Friday research note that the low point of Bitcoin’s current market cycle may have already formed around $59,000, signaling the end of the crypto market’s downturn phase. Kendrick noted this cycle low represents a 53% drop from Bitcoin’s historical high of $126,000 set on October 6, adding, “Winter is over, welcome back to the crypto spring.” Data shows Bitcoin hit a low of $59,375 on June 5 and is currently trading near $64,000. Kendrick forecasts Ethereum will reach $4,000 and Bitcoin will hit $100,000 by the end of the year. Kendrick identifies two key factors driving this market turnaround. First, the crypto sector has faced some of the heaviest selling pressure since the U.S. spot Bitcoin ETF launched in recent weeks, with cumulative redemptions exceeding $5.72 billion since the second week of May. He explained that some ETF holders are liquidating positions to free up cash for the SpaceX IPO, an event he believ

Yesterday, Bitcoin ETF saw a net inflow of $85.9 million, while Ethereum ETF experienced a net outflow of $4.9 million.

June 13 – Per data from Farside Investors, U.S. spot Bitcoin ETFs saw a net inflow of $85.9 million yesterday, with BlackRock’s IBIT bringing in $57.7 million in net capital. By contrast, U.S. spot Ethereum ETFs recorded a net outflow of $4.9 million, where ETHA alone logged a net outflow of $4.5 million.

Market buying sentiment in the United States has rebounded, with the Coinbase Bitcoin Premium Index turning positive for the second consecutive day.

June 13: Coinbase Bitcoin Premium Index Turns Positive After 24 Days, Signaling U.S. Buying Sentiment Rebound Per Coinglass data, the Coinbase Bitcoin Premium Index has remained positive for two consecutive days, currently standing at 0.208%. U.S. market buying sentiment is starting to recover after 24 straight days of negative premium. BlockBeats Note: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase—a leading U.S. crypto exchange—and the global average Bitcoin price. It is a critical metric for tracking U.S. capital inflows, institutional investment interest, and shifts in overall market sentiment. A positive premium means Coinbase’s Bitcoin price trades above the global average, typically indicating strong U.S. buying pressure, active entry of institutional or compliant funds, ample U.S. dollar liquidity, and generally optimistic investment sentiment. Conversely, a negative premium means Coinbase’s Bitcoin price sits below the global a

Analysis: Bitcoin's current cycle top lacks clear signs of speculation, potentially setting a cycle bottom higher than previous bear markets.

June 13 — A new Galaxy Research analysis suggests Bitcoin’s current cycle low won’t plummet as steeply as in past bear markets, thanks to a lack of extreme speculative signals at the cycle’s recent peak. The firm pegs Bitcoin’s potential bottom between $62,000 and its network realized price of $53,600. Galaxy Research director Alex Thorn emphasized Bitcoin’s iconic four-year cycle is still sticking to historical timing, while peak-to-bottom declines have narrowed steadily over time: early cycles saw drops of 85% and 84%, followed by a 77% decline in 2022, and a projected 51% drop for the upcoming cycle. Thorn notes Bitcoin’s October 2025 peak is an anomaly compared to prior cycle tops: only 2 of 11 traditional top indicators triggered here, including a first-time failure of the widely tracked Pi Cycle Top indicator. The BTC peak MVRV ratio hit 2.29, well below the prior cycle’s range of 2.93 to 5.91. That said, key bottom signals haven’t materialized yet. Just 4 of 13 bottom indicat

US Stock Market Rebound Drives Bitcoin's Surge Above $64,000

June 12 — Per HTX market data, Bitcoin rebounded to clear $64,000, currently trading at $64,087.49. Meanwhile, several U.S. tech stocks advanced; Bitget market data shows Arm rallied 10%, AMD and Intel each gained 5%, and Qualcomm notched a 4.8% rise.

An address has accumulated 820 Bitcoins in the past 24 hours

June 12: According to Onchain Lens monitoring, a newly created wallet withdrew 328 BTC from Binance. The whale has amassed 820 BTC over the past 24 hours, worth $51.99 million.

Opinion: Referring to Bitcoin's performance after the Coinbase listing, the US stock market may face a midterm correction after SpaceX goes public

June 12 — Alicharts analysts are pointing to the 2021 Coinbase IPO as a precedent to anticipate the potential impact of SpaceX’s upcoming public offering on the broader stock market. Coinbase launched its IPO on April 14, 2021. Ahead of that debut, Bitcoin had surged over 1,200% since March 2020; in the months following the crypto exchange’s listing, the cryptocurrency suffered a sharp 50% correction. SpaceX’s IPO is now timed against a parallel market backdrop: the S&P 500 has posted a more than 50% gain over the past year. Alicharts notes that with extreme hype already priced into current market valuations, historical trends show a period of natural macro-level consolidation and profit-taking across broad indices would be entirely healthy for the market.

Yesterday, the US Spot Bitcoin ETF experienced a net outflow of $22.5 million, while IBIT saw an inflow of $30.3 million.

June 12 – According to Farside’s monitoring, net outflows from U.S. spot Bitcoin ETFs totaled $22.5 million yesterday. The detailed breakdown is as follows: - IBIT: $30.3 million net inflow - FBTC: $5.5 million net outflow - BITB: $13.1 million net outflow - ARKB: $27.2 million net outflow - HODL: $0.148 million net outflow - MSBT: $2.2 million net inflow - BTC: $5.6 million net inflow

Approximately $2.51 billion worth of crypto options set to expire today, Bitcoin's key pain point at $66,000

On June 12, roughly $25.1 billion in cryptocurrency options are set to expire today, with key breakdowns for Bitcoin and Ethereum: Bitcoin options carry a notional value of $22.3 billion, a put-call ratio of 0.68, and a max pain price of $66,000. Ethereum options have a notional value of $2.91 billion, a put-call ratio of 0.62, and a max pain price of $1,750. Despite recent market volatility, positions for both assets still tilt toward call options. Ahead of the expiry, Bitcoin and Ethereum are trading above their respective max pain prices, and their put-call ratios remain below the 1.0 threshold.

Bitcoin Core 31.0 Version New Feature Has Privacy Vulnerability, Fix Will Be Released with Version 31.1

On June 12th, the Bitcoin Core team disclosed that the private broadcast feature rolled out in Bitcoin Core version 31.0 contains a privacy vulnerability. Under specific network circumstances, this flaw may expose the sender’s IP address to receiving nodes. A fix for the issue is slated to be included in the upcoming 31.1 release.

Michael Saylor: He said never to sell your own Bitcoin, never mentioned the company couldn't sell

June 12: Michael Saylor, founder of Strategy, clarified his stance during discussions of the "Strategy Bitcoin Sale" incident. "My message is straightforward: never sell your own Bitcoin," Saylor stated, emphasizing he never prohibited the company from selling its Bitcoin holdings. "I only meant individual investors should never sell their personal Bitcoin—not that the company can’t." He added that anyone who has followed Strategy’s earnings calls over the past five years, reviewed its public disclosure documents, or has basic common sense knows the company has always been transparent: it will sell Bitcoin when necessary.

The crypto market warmed up overnight, with Bitcoin briefly rising to $63,800. The total crypto market cap saw a 2.5% rebound in the past 24 hours.

June 12, per HTX market data. The crypto market heated up overnight: Bitcoin briefly peaked at $63,800 and is now trading at $63,600; Ethereum is at $1,673; BNB surged above $600; SOL and ZEC each rallied more than 5%, now trading at $67 and $430 respectively. HYPE is closing in on the $60 mark again, up 11.5% over the past 24 hours. The total cryptocurrency market cap has climbed 2.5% in the last day to $2.26 trillion.

BlackRock Bitcoin Enhanced Yield ETF BITA Expected to Launch Within a Week

June 12 – Bloomberg ETF analyst Eric Balchunas reported Monday that BlackRock has filed an 8-A form for its Bitcoin Strategy ETF, the iShares Bitcoin Premium ETF, a regulatory move that typically signals a formal launch within the week. The fund’s ticker symbol is BITA. This new offering follows BlackRock’s highly anticipated Bitcoin Spot ETF, IBIT. While BITA has not yet disclosed its management fee, market consensus pegs it at 38 basis points. BITA employs a covered call options strategy: it holds Bitcoin while selling covered call options to earn premiums, which are then distributed to investors. This structure is designed to convert Bitcoin’s inherent price volatility into steady investment returns for holders.

A whale deposited 810 Bitcoins to Binance, worth $50.82 million

On June 12, a whale deposited 810 Bitcoins into Binance, with a total value of $50.82 million, incurring a $9.4 million loss, per OnchainLens monitoring.

Following Trump's announcement of canceling the strike on Iran tonight, the three major US stock indexes collectively surged, with Bitcoin experiencing a brief spike of over 1%.

June 12 — According to Bitget’s data, all three major U.S. stock indexes rallied over 1% following news that President Trump announced he was calling off his planned strike on Iran for tonight. Bitcoin surged more than 1% in a short period, now trading at $63,167. Spot gold climbed $30 in a quick move, breaking above $1,830 per ounce for a 1.4% daily gain. WTI crude oil fell $1 in the short term, while Brent crude’s intraday drop expanded to $4, last changing hands at $89.74 per barrel, down 4.27%. Earlier reports cited President Trump’s statement: “I have called off the planned strike on Iran for tonight. The full sea blockade will stay in place until an agreement is finalized. The time and location of the signing will be announced soon.”

Analysis: Bitcoin ETF trading volume has decreased by 78% since October 2025, indicating a significant decline in BTC speculative demand from the traditional market

Glassnode stated in a post on June 11 that the 30-day moving average of U.S. spot Bitcoin ETF trading volume has plunged 78% from $4.4 billion daily in October 2025 to $0.96 billion currently. Combined with the prior 49% drop in trading volume at DAT Company, two key Bitcoin exposure channels in traditional financial markets are now flashing the same signal: speculative demand for BTC in traditional markets has weakened significantly.

Bitcoin Treasury Company Nakamoto has sold approximately 600 BTC and related derivative positions to repay a $45 million debt

On June 11, Bitcoin treasury firm Nakamoto announced it has bolstered its capital structure and financial flexibility through debt reduction, refinancing, and a stock buyback authorization. Through liquidating a portion of its Bitcoin holdings and Bitcoin-related derivative positions, the company cut its outstanding debt by roughly $45 million. The repayment funds came from selling approximately 600 BTC and associated derivatives, which yielded a net gain of around $48 million. Post-transaction, Nakamoto still holds roughly 4,467 BTC on its balance sheet. Separately, Nakamoto has signed a new loan term sheet with Payward Interactive—a subsidiary of Kraken—extending roughly $105 million in USDT principal, with the loan now maturing on June 30, 2027. Its remaining outstanding USDT balance stands at $165 million, $60 million of which is scheduled to mature on December 4, 2026. Additionally, Nakamoto’s board of directors has greenlit a $25 million stock buyback program, valid through Dec

Analyst: Bitcoin ETF Funds Still Seeing Outflows But Outflow Rate Has "Significantly Slowed Down," Selling Pressure Is Exhausting

As of June 11, the U.S. Bitcoin Spot ETF has registered a net outflow of $2.1 billion so far this June, nearly matching the full-month outflow of $2.4 billion seen in May. This past Wednesday alone brought a net withdrawal of $214 million, signaling the outflow trend remains persistent. Since May 10, total net assets of the U.S. Bitcoin Spot ETF have tumbled from $109 billion to $77 billion—a roughly $33 billion drop. Over that same window, Bitcoin’s (BTC) price slid from its May 10 peak of $81,443 to a low of $59,353, a roughly 27% decline. Adam Haeems, Head of Asset Management at Tesseract Group, noted that while the ETF still faces consistent outflows, the pace of withdrawals has “slowed markedly,” with selling pressure appearing exhausted rather than growing. He attributes the outflows to three core drivers: leveraged funds redeeming spot ETFs to unwind futures arbitrage positions, capital shifting away from the highest-fee funds in U.S. spot products, and money rotating into

Analyst: Bitcoin is currently in a symmetrical triangle pattern between $61,000 and $63,000, with a potential 10% price movement upon breakout.

On June 11, cryptocurrency analyst Ali Charts shared that Bitcoin is on the verge of a breakout. Right now, all eyes are on the symmetrical triangle pattern forming for BTC, with resistance pegged at $63,000 and support sitting at $61,000. This range will dictate where its price moves next. If BTC manages to close convincingly outside this range on the hourly chart, a momentum-fueled swing could spark a roughly 10% price expansion. It’s critical to keep a close eye on volume shifts near the range’s boundaries to catch early signals of a sustained breakout.

Bloomberg Analyst: Bitcoin May Be Shifting from 'Leading Risk-On Asset' to 'Leading Risk-Off Signal'

June 11 — Mike McGlone, Senior Commodity Strategist at Bloomberg, is flagging a potential shift in Bitcoin’s dynamic with traditional risk assets. During the last bull cycle, the leading crypto notably outperformed equities, but McGlone says its role could flip today: where it once “led risk assets higher,” it may now “lead them lower.” Comparing Bitcoin to the S&P 500 on a 10x-amplified scale, he projects 2026 could see Bitcoin act as a negative-beta asset. Since 2009, the S&P 500 has only posted annual total declines in 2018 and 2022 — both periods that lined up with Bitcoin’s bear markets and coincided with U.S. midterm election cycles. Today’s market is unique, McGlone argues, because it’s facing overlapping structural pressures: inflation is back as a political flashpoint, stock volatility has stayed muted for a long stretch, but risk metrics for major commodities like gold and oil keep climbing. This mix of “low-volatility equities + high-risk commodities” is historically rare.

Analysis: Top 3 Miner Metrics Under Pressure, Bitcoin Enters "Miner Stress Zone" But Not at All-Time High

June 11 – Crypto analyst Adler AM noted in his latest Bitcoin Morning Brief that Bitcoin’s mining economy is facing noticeable pressure, though it hasn’t hit the systemic capitulation levels seen in 2018 and 2022. The 30-day moving average (MA) Puell Multiple has fallen to 0.74, down roughly 11% over the 10 days from May’s end level of 0.83 as of June 10. The raw Puell Multiple is even lower at 0.58, signaling a sharp compression in daily miner revenue. This level lines up with the range seen in July-August 2024 (when BTC traded between $55K and $68K) but is still well above the extreme lows of 0.45 in late 2022 and 0.33 in 2018. Adler stressed the current environment remains in the “pressure zone” — not the “capitulation zone” — with a critical threshold at 0.50, a level that historically aligns with the mass miner shutdowns of 2022. Meanwhile, the P2MR (Price-to-Miner-Revenue) Indicator has plummeted from 160 to 80 — a 50% drop from its peaks in July 2025 and February 2021. Thi

CryptoQuant: Bitcoin May Be Nearing Structural Bottom, But Market Potential Selling Pressure Not Exhausted

On June 11th, crypto analytics firm CryptoQuant shared a new report on social media revealing Bitcoin has dropped to a fresh bear market low of $59,000, sitting just 9% above its realized price of $53,600. Historically, this valuation level often marks the end of a bear market cycle. In past downturns, prices typically bottomed near or slightly below the realized price threshold—hinting Bitcoin could be nearing a structural bottom, at least from a pure valuation lens. That said, demand conditions remain extremely unfavorable. Last week, Bitcoin’s total demand (combining speculative futures positions and on-chain spot holdings) plummeted to -652,000 BTC—the sharpest weekly drop since January 2022. Long-term on-chain demand, tracked via 1-year HODLer net growth, also turned negative, falling below its trend line to its weakest point since February 2024. ETF buying pressure is shrinking at the fastest pace since U.S. spot Bitcoin ETFs launched back in January 2024, with 30-day ETF deman

The average cost of Bitcoin in the entire market is approximately $48,300, with Ethereum's structural cost baseline at $700.

On June 11th, analyst firm Alicharts reports that Bitcoin’s on-chain metric—Investor Price—currently sits at $48,300. This figure reflects the market-wide average acquisition cost after excluding permanently lost coins, and it is widely regarded as a critical support level for long-term accumulation. Additionally, Ethereum’s Delta Price metric has successfully captured the cryptocurrency’s two prior market bottoms, and it is now approaching the $700 level. Delta Price is a proprietary on-chain metric from the Alphractal platform, primarily used to identify a cryptocurrency’s structural cost baseline and deep accumulation zones.

Yesterday, Bitcoin ETF saw a net outflow of $213.9 million, while Ethereum ETF saw a net outflow

June 11 — U.S. spot Bitcoin ETFs posted a net outflow of $213.9 million yesterday, per data from Farside Investors. Belvedere IBIT continued to see net outflows, logging a $148.5 million net outflow in the session. U.S. Ethereum ETFs, meanwhile, recorded a combined net outflow of $35.5 million yesterday. ETHA saw a $20.6 million net outflow, while FETH posted a $16.6 million net outflow.

Prominent Trader: MSTR's Current Risk-Reward Ratio Better Than Bitcoin

June 11: Renowned Bitcoin-focused quantitative trader Killa (@KillaXBT) noted that the current risk-reward ratio for strategy stock MSTR is attractive. He projected that if Bitcoin rises from $60,000 to $180,000 in a trend mirroring the 2024–2025 period, MSTR could potentially deliver a roughly 360% return. Killa, who has over 200,000 followers on the X platform, previously forecasted the peak of this bull market would arrive in May 2025. In mid-April, he opened a short position on Bitcoin at $74,688.

Strategy CEO: Bitcoin Sale Aimed to Test Market Response and Internal Processes

On June 11, Phong Le, the company’s CEO, told CNBC during an interview that the main reason the firm sold Bitcoin was to “let the market adapt” and test its internal operational processes. This move does not represent a shift in the company’s long-term Bitcoin holding strategy; instead, it’s a way to verify that related transactions and processes function smoothly.

glassnode: Bitcoin is further moving into the surrender phase, with long-term demand yet to materialize

On June 11, Glassnode released its weekly market report, noting Bitcoin is showing clear signs of a late-stage correction. Recent buyers are sitting on substantial losses, realized losses remain elevated, and several key demand drivers have seen a sharp decline. Bitcoin’s drop to around $60,000 triggered a major deleveraging event that wiped out a large number of speculative positions in the market. While this helped reset leverage levels, spot demand hasn’t yet seen a meaningful recovery. The options market remains defensive overall: elevated implied volatility points to strong demand for downside hedging, and traders’ positions are clustered around the current spot price. Additionally, falling institutional participation and a slowdown in corporate treasury accumulation suggest risk appetite is still muted. Overall, the market appears to be moving deeper into the surrender phase. Though leverage has been largely reset and valuation metrics have hit historic lows, the demand respons

Whale Continues to Increase Bitcoin Holdings, Withdraws Over 3000 BTC in the Past 5 Days from CEX and Custodian

June 11 — On-chain analytics firm LookIntoBitcoin reports that multiple large entities have been accumulating Bitcoin recently, with funds flowing out from cryptocurrency exchanges and custody services. In a recent development, a whale wallet address marked bc1q2q has moved 2,341 BTC out of OKX over the past five days, amounting to roughly $144.68 million. Additionally, three newly created wallet addresses have collectively withdrawn 737.7 BTC from BitGo, totaling around $45.6 million.