Bitcoin has fallen below $60,000, triggering a wave of liquidations that exceeded $1 billion across the crypto market.
Notable Statistics:
Coinglass data shows 148,895 traders were liquidated in the past 24 hours for $1.08 billion. SoSoValue data shows net outflows of $469.08 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $30.2 million. In the past 24 hours, top losers include MemeCore, Mantle and Pump.fun. Notable Developments:
Trader Notes:
Trader Jelle warned that Bitcoin is approaching a key technical level, saying, "Bears are knocking on a door bulls would rather not see opened," suggesting that a break below current support could trigger further downside pressure for BTC.
Luke Martin noted that Bitcoin has historically turned the previous cycle’s peak into support during the following bull market, a pattern seen since the 2013 top around $150–$200, which became the 2015 bear-market floor.
He said the current retest feels different because of concerns surrounding Michael Saylor and Strategy, leaving the market at a critical “sink or swim” moment.
Byzantine General said Bitcoin’s drop to $58,000 swept liquidity and triggered a wave of long liquidations while attracting fresh short positions. He added that a daily close above $60,000 would likely confirm that BTC established a local bottom.
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The cryptocurrency market meltdown continued on Thursday as fears of rising inflation and potential rate hikes weighed on investor sentiment
Crypto Market Turns Bloody RedBitcoin’s descent showed no signs of slowing down, as the apex cryptocurrency fell below $59,000. Ethereum plummeted to an intraday low of $1,531, while XRP and Dogecoin extended their losses.
Over $890 million was liquidated from the cryptocurrency market in the last 24 hours, with long position traders bearing the brunt of the losses, according to Coinglass data
Bitcoin’s open interest rose 0.38% over the last 24 hours, in contrast to the spot price dip, a move that often points to fresh short interest entering the market.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.09 trillion, following a drop of 2.22% over the last 24 hours.
Stocks Sink Lower As Inflation Worries MountMajor indexes closed further down on Thursday. The S&P 500 slid 0.01% to 7,357.49, while the tech-focused Nasdaq Composite dropped 0.46% to settle at 25,358.60. The Dow Jones Industrial Average bucked the decline, rallying 71.72 points, or 0.14%, to close at 51,920.62.
The headline Personal Consumption Expenditure price index, considered the Federal Reserve’s preferred inflation gauge, reached a 3-year high of 4.1% in May, as energy price pressures continued to spread through the broader economy.
The CME Group’s FedWatch tool showed traders pricing a 48% chance of the Fed increasing rates during the September meeting.
Will Bitcoin See A Relief Rally In July?Rekt Capital, a popular cryptocurrency chartist, reiterated a historical Bitcoin summer pattern: a red June close, followed by a potential post-breakdown relief rally in July.
The analyst drew parallels with 2022-like macro conditions, where any July relief rally would likely face resistance at the 50-month exponential moving average, currently around $63,000.
Ali Martinez, a widely followed cryptocurrency analyst and trader, highlighted that Ethereum is in a “crucial” block between $1,584 and $1,683, where nearly 4 million tokens traded.
“Securing this specific area as support opens the path to the next major supply clusters at $1,980 and $2,079,” the analyst said. “However, losing this baseline risks a deeper breakdown toward the demand zones at $1,237 or even $1,089.”
Photo: jira pliankharom / Shutterstock
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TLDR:What Is STRC and Why Are Investors Comparing It to LUNA?Why STRC Is Not LUNA and What the Slide Means for StrategyGet 3 Free Stock Ebooks STRC has dropped to $76.20, approximately 25% below its $100 par value, alarming income-focused investors. Strategy owes $1.2 billion annually in STRC dividends but holds only $1.4 billion in USD reserves currently. Unlike Terra LUNA, Saylor faces no forced liquidation if STRC falls, as dividends remain legally discretionary. A sustained STRC discount could weaken MSTR demand over time, quietly slowing Strategy’s Bitcoin accumulation pace. Is STRC the next LUNA? That question is circulating across crypto social media after Strategy’s preferred stock dropped to approximately $76.20, roughly 25% below its $100 par value.
On-chain intelligence firm Arkham has weighed in with a detailed breakdown, drawing both parallels and sharp distinctions between the two instruments.
With $1.2 billion in annual dividend obligations and $1.4 billion in reserves, the math is tight, and markets are paying close attention.
What Is STRC and Why Are Investors Comparing It to LUNA? STRC is a Nasdaq-listed perpetual preferred stock carrying a $100 stated par value. It launched in July 2025 at a 9% annual dividend rate, which Strategy has since raised seven consecutive times to 11.50% as of June 2026.
That rising yield mirrors the dynamic that drew retail investors into Terra’s Anchor protocol before its collapse. STRC also pays an 11.5% annual dividend, a yield that echoes the 20% return Terra’s Anchor protocol advertised before it imploded.
According to Arkham, there are 104.89 million STRC shares outstanding. At 11.5% on a $100 par value, Strategy owes approximately $1.2 billion per year to maintain those dividends. The firm held $1.4 billion in USD reserves as of earlier this week, leaving a thin buffer.
IS STRC THE NEXT LUNA?
Short answer – not quite.
STRC has depegged. It’s down to $76.2, approximately 25% below par. Michael Saylor has $1.4 Billion to pay STRC dividends, but will he be able to keep the stock alive? Here’s our breakdown: pic.twitter.com/bMDzGWEHMW
— Arkham (@arkham) June 25, 2026
The preferred stock fell to an intraday low of $82.53 last week, its deepest drawdown since launch, reviving comparisons on social media to Terra’s UST stablecoin collapse in 2022. A high yield and a price drifting below its target were enough to trigger that memory across crypto circles.
A hawkish Federal Reserve pivot on June 17, with nine of 18 FOMC officials projecting at least one rate increase in 2026, added further pressure on both Bitcoin and the income-oriented buyers STRC targets. That macro backdrop accelerated the selling.
Why STRC Is Not LUNA and What the Slide Means for Strategy The structural differences between STRC and Terra LUNA are where the comparison breaks down. Benchmark analyst Mark Palmer described STRC as “not a stablecoin,” characterizing the selloff as a market-driven reset of required yield rather than a depeg, noting that something never pegged cannot technically depeg.
Terra UST maintained a programmatic $1 peg enforced by algorithmic minting and burning of LUNA tokens, a mechanism STRC simply does not have.
Arkham noted that Saylor is not legally required to pay STRC dividends at any point. Unlike Terra’s design, there is no forced liquidation triggered by a price drop.
The market price of STRC reflects investor confidence in Strategy’s willingness and capacity to keep paying, nothing more.
Strategy’s legacy software business generates roughly $477 million in annual revenue against more than $1.2 billion in preferred-dividend obligations, a gap funded almost entirely by capital markets activity rather than operations. That structural mismatch is the real concern, not a death spiral.
A sustained discount still forces difficult choices on Strategy: richer preferred terms, more equity issuance, or drawing on the Bitcoin reserve itself.
Arkham warned that if MSTR investors begin to recognize their capital is being recycled into dividend payments for earlier preferred shareholders, demand for MSTR shares could soften over time, gradually constraining the firm’s broader Bitcoin accumulation engine.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
With sellers retaining control following the breakdown below the long-standing support zone around $1.30, XRP is still trading in a strongly bearish structure. The daily chart demonstrates a distinct series of lower highs and lower lows, indicating that the overall downward trend is still present.
Following a brief attempt at recovery in mid-June, XRP resumed its decline after failing to regain the 50-day moving average. Currently, the asset is close to the psychologically significant $1.00 level. Although the significance of this area may draw buyers, there is currently little indication of sustained accumulation. During selloffs, volume stays high, indicating that investors are still reducing their exposure rather than actively buying the dip.
XRP/USDT Chart by TradingViewThere is a greater chance of a brief relief bounce because the RSI is close to oversold territory. However, during significant downtrends, oversold conditions alone seldom indicate a lasting bottom. XRP would need to regain the $1.15-$1.20 range and establish support above the short-term moving averages in order for bulls to pick up steam.
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Until then, any recovery should not be seen as the beginning of a new bullish phase but rather as a countertrend rally. Despite increasingly stretched momentum indicators, downside risks remain high in the current structure, which warrants caution.
Shiba Inu sellers dominateShiba Inu is displaying an even more subpar technical picture. The most recent attempt at recovery was invalidated when the meme coin recently broke below a short-term ascending support line that had developed following the June selloff. The breakdown occurred while SHIB continued to trade below all significant moving averages, further solidifying the sellers' dominance.
The market is struggling to generate significant buying pressure, and prices are currently trading close to annual lows. The intensity of recent selling activity is reflected in the RSI, which has fallen near oversold territory. Although these readings have historically preceded rebounds, the overall trend remains overwhelmingly negative. The persistent inability of SHIB to sustain breakout attempts is noteworthy.
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Every recovery rally over the last few months has stalled below critical resistance levels before rolling over into a lower leg. This pattern implies that investors are still taking advantage of strength to close positions.
SHIB would need to rebound above the adjacent moving-average cluster and reclaim the former support zone around $0.0000049–$0.0000050 in order for a significant reversal to occur. Until then, despite increasingly oversold conditions, the path of least resistance continues to be downward, giving bears a definite advantage.
Bitcoin strugglesAfter failing to maintain its recovery attempt above the $80,000 area, Bitcoin remains under significant pressure. Lower highs and lower lows continue to dominate price action on the daily chart, which displays a classic bearish structure.
BTC began to decline again after being rejected near the 200-day moving average, and it has since returned to the crucial $58,000-$60,000 support range. The fact that Bitcoin is approaching a level where buyers previously intervened forcefully during the June crash makes the current setup especially important.
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A relief rally could be sparked by a successful defense of this range, particularly since the RSI has moved dangerously close to oversold territory. Historically, when selling momentum wanes, these conditions frequently result in brief recoveries.
The overall trend, however, remains unfavorable. Bitcoin is trading below every significant moving average, including the 50-, 100-, and 200-day indicators. Long-term momentum is still bearish, as evidenced by the moving averages' continued downward slope. During recent downturns, volume has also increased, suggesting that sellers are still active.
Bitcoin would need to retake the $65,000 area and eventually break above the moving-average cluster around $70,000 in order for bulls to regain control. Until then, any increase is likely to be viewed more as a corrective bounce than a confirmed reversal of the trend.
The upcoming trading sessions will be critical. The market may experience another round of liquidation pressure if support around $58,000 fails. However, a strong reaction from current levels could be the first significant indication that a bottom is beginning to form.
Dogecoin's temporary underperformanceDogecoin is still underperforming as bearish momentum in the meme coin sector picks up speed. DOGE is currently trading close to $0.073, one of its lowest levels of the year, after losing significant support levels earlier this month. The multi-month support structure that had been developing since February is clearly broken down on the chart.
DOGE/USDT Chart by TradingViewSellers swiftly seized control after that trendline broke, driving the asset below all significant moving averages. There is a significant resistance cluster overhead because the 50-day, 100-day, and 200-day averages are all above the current price and are still trending lower. The RSI's decline near oversold levels suggests that selling pressure may be becoming stretched in the near term.
However, during DOGE's broader decline, oversold readings have frequently failed to produce lasting reversals. Over the past few months, every bounce has eventually led to a new low. The $0.07 region remains the key level to watch. A breakdown below this support could trigger another leg lower and additional panic selling. On the other hand, if buyers are able to hold current levels, DOGE may experience a brief rebound toward the $0.085-$0.09 area.
For the time being, however, the trend remains clearly negative. Investors have little technical evidence that a long-term recovery is underway until Dogecoin reclaims its moving averages and begins to produce higher highs.
While most of the crypto market sold off on June 25, Sei Network's native token $SEI moved in the opposite direction, trading near $0.058 and up roughly 9% on the day as Bitcoin slipped under $60,000 and most major altcoins stayed firmly in the red.
The move was backed by real volume. CoinGecko data shows 24-hour trading volume for $SEI surged around 190% to approximately $72 million, confirming the price action was not a low-liquidity drift. @SeiNetwork was among the day's clear standouts in an otherwise weak market.
Short squeeze and Giga hype fuel the rally Two catalysts appear to be driving the outperformance. The first is a short squeeze that built around the $0.06 level, forcing leveraged bears to cover their positions and amplifying the upside move. The second is growing anticipation around the network's upcoming Giga upgrade.
Sei Labs published the Giga roadmap in late May 2026, targeting over 200,000 transactions per second and sub-400 millisecond finality. At the core of the performance leap is a protocol called Autobahn, a multi-proposer consensus mechanism. Traditional blockchains rely on a single block proposer at a time, creating a bottleneck. Autobahn lets multiple validators propose blocks simultaneously, which is how throughput scales from thousands to hundreds of thousands of TPS.
For context, Sei's prior throughput benchmarks sat in the range of 5,000 to 12,500 TPS. The Giga upgrade represents roughly a 40 to 50-fold increase in raw capacity. Beyond consensus, the upgrade also introduces asynchronous execution, allowing the network to process transactions in parallel and decouple execution from the consensus layer itself.
Phased rollout, not a single launch The upgrade is not a single event. Sei Labs is rolling it out progressively throughout 2026, with no single definitive launch date, and has set up a public milestone tracker at giga.seilabs.io.
Alongside the Giga upgrade, Sei Network committed in 2026 to becoming an EVM-only chain, deprecating its original CosmWasm smart contracts and native Cosmos transaction types through community-approved proposal SIP-3. Binance confirmed support for the full transition to EVM compatibility starting June 1.
The day's price action suggests the market is beginning to price in that technical roadmap, at least in the short term. Whether the rally holds will depend on whether the Giga milestones continue to arrive on schedule and whether broader crypto sentiment improves.
This article is for informational purposes only and does not constitute financial advice.
Sources:
Crypto Briefing: Sei Giga Upgrade Roadmap, Targets 200,000 TPS and 400ms Finality
CoinGecko: Sei (SEI) Live Price and Market Data
Binance will delist the IPUSDT and IPUSDC USDT-margined perpetual contracts due to the rebranding of the Story brand.
Per an official announcement, following the rebranding of the Story (IP) brand to Data Network, Binance will automatically liquidate IPUSDT and IPUSDC U-margined perpetual contracts at 17:00 CST (UTC+8) on June 28, 2026, and remove these perpetual contract trading pairs after liquidation concludes. Users are advised to close their positions voluntarily before trading is suspended to avoid automatic settlement of their positions. Starting from 16:30 CST (UTC+8) on June 28, 2026, users will no longer be able to submit new non-reduce-only orders for the aforementioned perpetual contracts. A separate announcement will be released when the new contract goes live.
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Local time on June 25, a source close to the negotiation team said that Israel's withdrawal from Lebanese territory is one of the conditions for a final Iran-US agreement, and is regarded as an important "red line" by Iran's negotiation team. The source further stated that the final memorandum of understanding will guarantee Lebanon's sovereignty and territorial integrity. The agreement text previously reached in Switzerland already emphasized a "conflict resolution mechanism" that is participated in and uniformly implemented by Iran. Iran is currently following up on the specific implementation timeline. (CCTV)
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Analyst: Bitcoin falls below $60,000, but institutions and whales are not continuing to bet on further declines.
Greeks.live macro researcher Adam posted on X: "Tomorrow is the quarterly expiry, and Bitcoin has dipped below $60,000. As seen in the GEX chart, $60,000 is clearly the highest open interest price point. Meanwhile, large positions are also starting to accumulate at $58,000 and $59,000, signaling rising market risk. Institutional investors and major holders have not continued to bet on a downward move; they are just waiting for the expiry."
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GitHub has been the home to Bitcoin Core and many other software projects in the Bitcoin industry for over a decade, but it was not the first collaborative version control platform to host the digital currency’s code, and it may not be the last.
Recent performance issues in GitHub have triggered a new wave of criticisms of the platform, reviving old concerns and dissatisfactions with its design and reliability. Matt Corallo, one of the longest-acting Bitcoin core contributors, took to X recently to announce the decision to migrate off the platform, not Bitcoin core’s code base yet, but the Rust Lightning dev kit, a code base he is closely involved with.
In an X quote retweet thread that goes back through multiple viral posts complaining about the platform, Corallo said, “our org currently has no CI (quality testing processes) because GitHub wrongly flagged a contributor, not an admin or maintainer, just someone new who opened a few pull requests. We’ve escalated it through corporate account managers and still basically nothing.” A week or so later, he added: “GitHub has decided our open-source project has been permanently banned with no explanation and no option to appeal, pointing to a ToS that clearly does not cover anything we’ve ever done.” – “I guess it’s time for Bitcoin projects to leave GitHub.”
The banned contributor appears to be Luis Schwab, who replied “I’ve had my account banned twice within a week “by mistake”. Relying on GitHub’s goodwill is not a good long term strategy.” Multiple other Bitcoin and crypto engineers replied with similar experiences, saying they too had migrated off the platform or been banned without recourse, like Roman Storm, who replied, “In 2022, GitHub locked my account over Tornado Cash sanctions. I’m a US citizen. They told me to get an OFAC license to access my own account. The sanctions were later ruled unlawful and overturned. The account is still locked. I’ve filed ticket after ticket – now they don’t even respond. Abolish GitHub.”
Corallo blames the AI wave on the recent mass banning of accounts and increasingly aggressive measures taken by the massive platform. The popularity of vibe coding has brought a new wave of attention, amateur projects and automated bot-like behavior to the already overburdened platform. Today, GitHub claims to host over 420 million repositories and over 4 million organizations worldwide. GitHub was acquired by Microsoft in 2018, which, to some, also explains its steady downfall.
Even Andrew Poelstra, another senior Bitcoin Core and Rust Lightning contributor, with over a decade of experience in the industry, wrote a devastating take-down of GitHub, defending the decision to migrate. “This site has an overwhelming amount of LLM slop, and they have no intention of stopping it, though they did write this insane blog post taking credit for FOSS as a way of acknowledging the problem,” he began, continuing to explain that the merging of code into the master repositories had now been “broken for several days.” This caused cascading issues that confused the “merge script,” a security program that makes sure updates to a code base are done properly.
The bug meant that tracking and merging pull requests — contributions from other developers — didn’t work as expected. “Tracking PRs is the one thing GitHub is supposed to do, and it’s broken. It’s no longer more convenient to stay here than to leave, which was the only reason we’ve stayed so long,” Poelstra continued. “The usual problems where diffs and comments are hidden, the site being slow and unreliable, the permissions model being insane and broken, the lock-in, the crappy and slow API, etc. [All of] which we could live with if the basic functionality worked, but it doesn’t.”
As a result, the next destination for Rust Lightning and perhaps other Bitcoin projects in the industry may be Forgejo, a lightweight GitHub alternative optimized towards self-hosting and high agency projects. Corallo confirmed to Bitcoin Magazine that “rust-bitcoin already started migrating to git.rust-bitcoin.org” and Rust Lightning would follow.
The repositories will likely continue to host a copy on GitHub, though no public statements have been made about any kind of long-term mirroring strategy of the code base, meaning it will eventually just live on their own site.
The company says it has mined the first known Bitcoin block using Stratum V2’s Job Declaration feature, as it also rolls out new marketplace tools for digital mining assets.
GoMining says it has mined what it believes is the first known Bitcoin block produced using the Stratum V2 protocol’s Job Declaration functionality, marking an early real-world deployment of technology designed to give miners greater control over how Bitcoin blocks are constructed.
The block was mined through the DMND bitcoin mining pool, with GoMining creating and declaring its own block template rather than relying on the mining pool to determine which transactions were included. The approach represents one of the core features of Stratum V2, an open-source mining protocol that aims to improve security, efficiency and decentralization within Bitcoin mining.
According to the company, the block included transactions associated with GoBTC Pay, GoMining’s open-source Bitcoin instant payments protocol, demonstrating that miners can include transactions tied to their own applications while continuing to participate in pooled mining.
“For years, mining pools have largely determined which transactions are included in Bitcoin blocks,” said Mark Zalan, CEO of GoMining. “By creating our own block template and including GoBTC Pay transactions, we’re demonstrating one of the practical capabilities that Stratum V2 makes possible.”
Mining pools have traditionally been responsible for constructing block templates, leaving individual miners with little influence over transaction selection despite providing the computing power. Stratum V2 introduces Job Declaration, allowing miners to build their own templates while still benefiting from pooled mining rewards.
The protocol has been under development for several years with contributions from members of the Bitcoin community. Supporters argue that broader adoption could reduce centralization among mining pools by distributing block construction decisions across participating miners.
“A miner just mined the first Stratum V2 block to power their own product end to end,” said Alejandro De La Torre, CEO and co-founder of DMND. “GoMining declared the template and included their GoBTC Pay payments with no pool in the way. We built DMND for exactly this.”
The milestone comes as Bitcoin mining companies continue exploring new infrastructure and protocol upgrades aimed at improving network resilience and operational flexibility.
Separately, GoMining has also expanded its digital mining ecosystem with the launch of a new “Step Down Auction” feature for its secondary marketplace. The automated sales mechanism allows sellers to list Digital Miners at a starting price that gradually decreases until a buyer purchases the asset, eliminating the need for competitive bidding.
The marketplace update also broadens public access to listings, introduces additional price history and ROI metrics, and adds new sorting and filtering tools designed to improve liquidity and price discovery for digital mining assets.
Together, the announcements highlight GoMining’s dual focus on advancing Bitcoin’s underlying mining infrastructure while expanding the user experience around tokenized mining products. While the Stratum V2 milestone targets improvements at the protocol level, the marketplace enhancements are aimed at making digital mining assets easier to trade and evaluate within the company’s ecosystem.
Whether the Stratum V2 implementation accelerates adoption across the wider mining industry remains to be seen. However, successfully mining a production Bitcoin block using miner-controlled template creation provides one of the first practical demonstrations of the protocol’s capabilities outside of testing environments.
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After the latest US inflation figures were released, Bitcoin tumbled sharply during the Wall Street opening, falling as low as $58,035. This marks the lowest level recorded since September 2024. The sudden sell-off in the cryptocurrency market coincided with heightened volatility in major stock indices.
The US Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred gauge of inflation, rose 4.1% year over year in May. On a monthly basis, the index climbed 0.4%, while the core indicator—which excludes food and energy—increased by 0.3%. The data indicated that inflation is cooling less rapidly than anticipated, accelerating the sell-off across risk assets.
According to the US Bureau of Economic Analysis, in May the PCE Price Index gained 0.4% monthly, with the core PCE index (excluding food and energy) rising by 0.3%.
Stock markets also saw a spike in volatility. At the time of reporting, the Nasdaq Composite Index was down 0.5%, with the S&P 500 managing a slight gain. Notably, the Nasdaq 100 dropped 2% within just 30 minutes of the opening bell, underscoring the nervous sentiment spreading through risk assets.
Liquidations top $600 million in one hourBitcoin’s rapid drop triggered large-scale liquidations in the derivatives market. According to data from CoinGlass, over $600 million worth of crypto positions were wiped out within a single hour across the entire market. The majority of these forced closures were on long positions, reflecting how investors betting on higher prices were caught off guard.
CoinGlass is a widely followed data platform tracking liquidation trends in crypto derivatives markets. In this context, “liquidation” refers to a leveraged position being automatically closed out by an exchange due to insufficient collateral to cover losses.
Mini glossary: In leveraged trading, “liquidation” occurs when a price move sharply opposes an investor’s position, triggering an automatic closure to protect collateral. This process can swiftly fuel further cascading sell-offs.
Niels Klaver, co-founder of STABL Agency, commented that the BTC pair appears to be approaching the final downward leg of this bear cycle, identifying $55,000 as the next short-term target.
Analysts highlight critical $60,000 supportSome market commentators have argued that recent price swings are being orchestrated to squeeze positions. The pseudonymous trader Killa claimed that Bitcoin is currently in a manipulation phase, though these assessments have not been independently verified.
In contrast, analyst Rekt Capital pointed out that the $60,000 support level has clearly weakened. According to him, after the June monthly close, it will become clearer from which level a potential rebound in July might begin.
Rekt Capital also noted that the current market environment resembles the price structure of the 2022 bear market. In his view, the 50-month exponential moving average could now act as the next significant resistance zone for Bitcoin if downward momentum persists.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Strategy director Jarrod Patten has sold another 1,500 MSTR shares as the company’s stock has fallen to a fresh 52-week low and investor scrutiny over its Bitcoin treasury strategy has intensified.
Summary
Strategy director Jarrod Patten sold another 1,500 MSTR shares after exercising stock options, extending a months-long insider selling streak. MSTR stock fell to a fresh 52-week low near $86 as Bitcoin weakened and Rosen Law Firm launched a shareholder investigation. Two Prime CEO Alexander Blume said investor trust, rather than dividend payments, has become Strategy’s biggest challenge. According to a recent U.S. Securities and Exchange Commission filing, Patten exercised options to acquire 1,500 Strategy Class A shares on June 23 at a strike price of $18.236 per share before selling the entire position the same day at $106.08 per share.
The filing shows the options cost roughly $27,354 to exercise, while the sale generated about $159,120, leaving an estimated pre-tax gain of approximately $131,766.
The latest transaction extends a selling streak that has continued for months. SEC records show Patten has sold 55,750 Strategy shares during the past three months, with those transactions producing roughly $9 million in proceeds.
The insider sales have coincided with growing criticism from some investors over the company’s financing strategy and the potential impact of additional share issuance.
Earlier this month, Patten completed another options exercise using the same $18.236 strike price before selling the shares at around $134 each. As crypto.news previously reported, that transaction generated more than $200,000 in profit.
Strategy stock continues to face heavy selling pressure While the insider sale occurred earlier this week, pressure on Strategy shares has intensified in recent trading. Yahoo Finance data show MSTR fell below the $100 mark earlier this week before sliding to around $86 on Thursday, leaving the stock down more than 6.5% on the day and roughly 23% over the past week.
The decline has unfolded alongside another sharp move lower in Bitcoin, which briefly slipped below $59,000 after stronger-than-expected U.S. inflation data reinforced expectations that interest rates could stay higher for longer. As cryptocurrency prices weakened, investors also reassessed companies with large Bitcoin holdings, including Strategy.
At the same time, legal pressure surrounding the company has increased. Rosen Law Firm recently announced that it is investigating whether Strategy made materially misleading business disclosures and said it is evaluating possible securities claims on behalf of shareholders.
Analysts say investor confidence has become the key concern Market criticism has also expanded beyond the stock’s recent decline. In a June 25 X post, longtime Bitcoin critic Peter Schiff argued that Strategy’s falling share price was adding pressure to the cryptocurrency market. Schiff wrote, “As I warned, MSTR’s death spiral has pricked the Bitcoin bubble,” before adding that both MSTR and the company’s STRC preferred shares had suffered steep losses while Bitcoin fell toward $58,000.
Meanwhile, comments from Two Prime CEO Alexander Blume, as reported by CoinDesk, point to investor confidence as the central issue facing Strategy. Blume argued that repeated changes to Michael Saylor’s stated plans have weakened trust among retail investors, potentially making it harder for the company to regain market confidence even if its financial obligations remain intact.
Bitcoin (BTC) dropped below $60,000, a key psychological support, on Thursday as losses in megacap technology stocks weighed on investors' broader risk appetite, adding pressure to an already fragile crypto market.
BTC/USD vs. Nasdaq and S&P 500 daily performance chart. Source: TradingView
The decline has triggered a classic bearish reversal setup that may push the BTC price under the $54,000 mark in the coming days.
Key takeaways:
Bitcoin’s break below $60,000 has erased its June gains and activated multiple bearish setups.Bitcoin’s rounded top and daily bear flag breakdowns are both projecting a downside target below $54,000.BTC's rounded top breakdown signals more pain aheadThe BTC/USD pair fell as much as 4.8% on Thursday, hitting an intraday low near $58,000 and erasing its entire June advance. The pullback also completed what appears to be a rounded top pattern on the four-hour chart.
BTC/USD four-hour chart tracking the rounded top bearish setup. Source: TradingView
In technical analysis, a rounded top forms when buying momentum gradually exhausts, shifting the asset from an uptrend to a downtrend in an inverse-U-shaped structure. The pattern officially resolves when the price breaks below the "neckline" or the structure's base support.
By measuring the distance from the top of the dome to the neckline and projecting that same distance downward from the breakdown point, analysts calculate a clear target.
For Bitcoin, this measured downside target sits just under the $54,000 level, representing an approximate 8.9% drop from current prices.
On the daily chart, Bitcoin has simultaneously triggered a bear flag breakdown.
BTC/USD daily chart tracking the bear flag breakdown setup. Source: TradingView
This secondary pattern independently projects an identical move toward the $54,000 zone, adding substantial weight to the bearish case.
Bitcoin MVRV bands increase $54,000 target oddsBitcoin’s on-chain price bands also point to the same downside area highlighted by the rounded-top and bear-flag setups.
Glassnode’s MVRV pricing bands compare Bitcoin’s market price with its realized price, or the average price at which coins last moved on-chain. In simple terms, they show whether the market is trading at unusually high profit or loss levels.
BTC MVRV pricing bands vs. price. Source: Glassnode
As of Wednesday, Bitcoin was trading near $60,997, while the 1.0 MVRV band, shown in green, sat around $53,390. That level closely matches the technical downside target near $54,000, making it an important support zone if BTC extends its decline.
A deeper selloff, however, could push Bitcoin toward the 0.8 MVRV band, shown in blue, near $42,700. Historically, Bitcoin’s major bear-market bottoms have formed around this lower blue band, where unrealized losses become extreme, and capitulation risk rises.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Bitcoin (BTC) dropped below $60,000, a key psychological support, on Thursday as losses in megacap technology stocks weighed on investors' broader risk appetite, adding pressure to an already fragile crypto market.
BTC/USD vs. Nasdaq and S&P 500 daily performance chart. Source: TradingView
The decline has triggered a classic bearish reversal setup that may push the BTC price under the $54,000 mark in the coming days.
Key takeaways:
Bitcoin’s break below $60,000 has erased its June gains and activated multiple bearish setups.Bitcoin’s rounded top and daily bear flag breakdowns are both projecting a downside target below $54,000.BTC's rounded top breakdown signals more pain aheadThe BTC/USD pair fell as much as 4.8% on Thursday, hitting an intraday low near $58,000 and erasing its entire June advance. The pullback also completed what appears to be a rounded top pattern on the four-hour chart.
BTC/USD four-hour chart tracking the rounded top bearish setup. Source: TradingView
In technical analysis, a rounded top forms when buying momentum gradually exhausts, shifting the asset from an uptrend to a downtrend in an inverse-U-shaped structure. The pattern officially resolves when the price breaks below the "neckline" or the structure's base support.
By measuring the distance from the top of the dome to the neckline and projecting that same distance downward from the breakdown point, analysts calculate a clear target.
For Bitcoin, this measured downside target sits just under the $54,000 level, representing an approximate 8.9% drop from current prices.
On the daily chart, Bitcoin has simultaneously triggered a bear flag breakdown.
BTC/USD daily chart tracking the bear flag breakdown setup. Source: TradingView
This secondary pattern independently projects an identical move toward the $54,000 zone, adding substantial weight to the bearish case.
Bitcoin MVRV bands increase $54,000 target oddsBitcoin’s on-chain price bands also point to the same downside area highlighted by the rounded-top and bear-flag setups.
Glassnode’s MVRV pricing bands compare Bitcoin’s market price with its realized price, or the average price at which coins last moved on-chain. In simple terms, they show whether the market is trading at unusually high profit or loss levels.
BTC MVRV pricing bands vs. price. Source: Glassnode
As of Wednesday, Bitcoin was trading near $60,997, while the 1.0 MVRV band, shown in green, sat around $53,390. That level closely matches the technical downside target near $54,000, making it an important support zone if BTC extends its decline.
A deeper selloff, however, could push Bitcoin toward the 0.8 MVRV band, shown in blue, near $42,700. Historically, Bitcoin’s major bear-market bottoms have formed around this lower blue band, where unrealized losses become extreme, and capitulation risk rises.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
25 June 2026 | 21:12 Grayscale's head of research laid out where the firm sees value in a beaten-down market, and his answers are more measured than a simple "buy everything."
Key Takeaways Grayscale’s Zach Pandl says Bitcoin is cheap, but not at historic-extreme levels. He sees the Clarity Act as the single biggest catalyst for ending crypto winter. He’s structurally bullish on Ethereum as the leader in tokenization. He calls AI crypto the biggest asymmetric opportunity Grayscale sees. Grayscale is an asset manager, so its bullish framing carries that context. Speaking with Cointelegraph, Zach Pandl made the case that Bitcoin is cheap but not screaming, that one piece of legislation could end the downturn, and that the most asymmetric opportunity isn’t Bitcoin at all.
Bitcoin: Cheap, but Not “Close Your Eyes and Buy” Pandl’s read on Bitcoin is nuanced. On-chain valuation indicators confirm it’s cheap relative to its long-term average, but he draws a careful distinction: cheap isn’t the same as exceptionally cheap. After the FTX collapse, those same indicators flashed extreme undervaluation. Today they’re below average, not at historic extremes. As he put it, “It’s not quite the time to close your eyes and buy.”
His guidance splits by investor type. For long-term holders, the answer is simpler, dollar-cost average now rather than trying to time the exact bottom. For tactical allocators, he flags two conditions that would confirm the low: progress on the Clarity Act in the Senate, and Strategy stabilizing its balance sheet. If both happen, in his words, it’s a “green light” that the market has probably reached bottom levels.
Here’s a snapshot of where Grayscale sees opportunity, ordered from the nearest-term call to the most speculative, and what each one depends on:
Bitcoin (Near-term) View: Cheap, but not extreme; prioritize DCA over timing.
Catalyst: Revenue-to-token-holder model gaining institutional traction.
AI Crypto (Asymmetric / Speculative) View: Biggest asymmetric bet; potential for a trillion-dollar asset.
Catalyst: Network-effect winners in decentralized AI networks.
The Clarity Act: The Single Biggest Catalyst Pandl is direct that one event matters more than any other: if the Clarity Act passes, he believes crypto winter likely ends. Not because the rules change overnight, he points out the Genius Act passed last year and its rulebook still isn’t finished 18 months later, but because institutional confidence would unlock immediately. The signal it sends, as he frames the mindset, is “now’s the time to write the big checks.”
He describes a practical sequence: Clarity passes, M&A transactions follow, IPOs follow, and Wall Street and the major banks finally get the signal to deploy capital that’s been sitting on the sidelines. He’s honest about the downside too, if Clarity doesn’t pass, a longer crypto winter becomes a real possibility. It’s a catalyst with a clear binary attached.
Ethereum: The Biggest Boat in a Rising Tide Despite ETH’s price weakness and the turbulence around the Ethereum Foundation, Pandl is structurally bullish, and his reasoning rests on one megatrend. Tokenization, he argues, is a 10-, 20-, even 30-year shift that will reshape capital markets, and Ethereum sits at the top of the blockchain pyramid by nearly every metric that matters: on-chain assets, stablecoin volume, DeFi value locked, ecosystem depth, and architecture. “Ethereum is the biggest boat,” he said, in a tide he expects to rise.
That structural view is echoed beyond Grayscale. PwC’s 2026 Global Crypto Regulation Report frames the current moment as a shift from regulation-as-constraint to regulation-as-architecture, with 2026 marking a move from policy design to operational implementation, tokenization pilots scaling and major institutions beginning to issue regulated digital instruments.
The report argues that as institutions fold crypto into their treasury and settlement layers, the utility value of core smart-contract platforms begins to decouple from retail sentiment. This is precisely why institutional players remain bullish on infrastructure-heavy assets like Ethereum: they are betting on the migration of global financial plumbing onto regulated, on-chain rails, rather than speculating on a short-term price cycle.
So the framing splits cleanly by time horizon. Short-term, ETH’s direction depends on the Clarity Act like everything else. Long-term, it depends on tokenization adoption, and on that score Pandl thinks Ethereum is better positioned than any other technology to capture the trend.
Hyperliquid: The Buzziest Name With Institutions Asked what’s generating the most interest among Grayscale’s investors, Pandl points to Hyperliquid, “probably the most buzzy thing with our investors today.” The appeal, in his telling, is that it represents something genuinely new to institutional eyes: a crypto-native exchange exporting perpetual-futures technology into mainstream finance, with a direct revenue-to-token-holder model that traditional finance can actually understand and value. Grayscale has launched its own Hyperliquid ETF (ticker HYPG), one of several now on the market alongside products from Bitwise and 21Shares, so its enthusiasm here comes with a commercial stake worth noting. His broader point is that perpetual futures are following the same path stablecoins and tokenized assets did, from crypto-native curiosity to mainstream financial infrastructure.
AI Crypto: The Biggest Asymmetric Bet This is where Pandl gets most forward-looking. His logic: Bitcoin is already a large asset class with much of its upside priced in, while the AI crypto sector is still an emerging segment. Grayscale tracks it as a distinct category, made up of AI-focused decentralized networks, protocols that use blockchain to coordinate and pay for machine-learning resources, including names like BitTensor, Near, and World. His call is bold: “I think there will be a trillion-dollar asset in that market segment,” adding that there certainly isn’t one today. BitTensor is the current category leader on network effects, but he stresses the race isn’t over. For investors hunting asymmetric upside rather than established exposure, this is where Grayscale is looking, though it’s worth remembering that’s also a category Grayscale builds products around.
The Through-Line. Pull Pandl’s views together and a consistent logic emerges. Bitcoin is cheap but not a layup; the Clarity Act is the hinge the whole market turns on; Ethereum is the long-term tokenization play; and the genuinely asymmetric bets sit further out the risk curve, in Hyperliquid and AI crypto. It’s a coherent framework, and a useful window into how a major asset manager is positioning. Two caveats keep it honest, though: nearly every bullish call here hinges on the Clarity Act actually passing, which Pandl himself admits is not guaranteed, and Grayscale has product interests across several of these themes, so its enthusiasm is informed analysis rather than neutral observation. The ideas are worth weighing on their merits, with that context in view.
This article is for informational purposes only and does not constitute financial advice. Consult a professional before making investment decisions.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
The Islamic Revolutionary Guard Corps attacked a containership in the Strait of Hormuz on April 22, 2026, damaging the vessel’s bridge in an unprovoked strike roughly 15 nautical miles northeast of Oman. The ship, which had already received transit permission, was hit by an IRGC gunboat without prior challenge.
That last detail matters. Transit permission offered no protection. For the hundreds of vessels that pass through the Strait of Hormuz daily, that’s a significant shift in the threat calculus.
A chokepoint on fire The April 22 attack was not an isolated incident. It came during a stretch of escalating maritime confrontations in late April and early May 2026, with strikes also reported on the Mediterranean Shipping Company’s vessel Francesca and the Greek-owned Epaminondas. Combined with earlier incidents, the total count of maritime attacks tied to the ongoing conflict has surpassed two dozen.
Iran’s leverage over that bottleneck has taken a new form beyond gunboats. The country began mandating a $1-per-barrel Bitcoin toll for Hormuz transit, a mechanism designed to collect revenue while sidestepping US-led sanctions. According to reporting from the Wall Street Journal and others, actual payments under this scheme were made.
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Iran’s broader crypto economy carries a valuation cited at over $7.78 billion, which gives the toll scheme a credible institutional backbone rather than the look of an improvised workaround.
The US Treasury response Washington did not treat the Bitcoin toll scheme as a curiosity. The US Treasury froze approximately $344 million in Bitcoin connected to wallets linked to the IRGC, citing the toll collections and broader sanctions evasion activity.
That number, $344 million, is significant for a few reasons. It signals that US agencies have developed meaningful on-chain forensics capability, the kind needed to trace and freeze funds held in pseudonymous wallets tied to a sovereign adversary. It also confirms that the sanctions evasion use case for crypto, long theorized and occasionally documented in smaller cases, has now been tested at state-actor scale.
What this means for crypto markets and investors Bitcoin’s price briefly dipped below $80,000 during the peak of the Hormuz tensions, a move that reflected both broad risk-off sentiment and specific anxiety about regulatory blowback on crypto tied to sanctioned entities.
For investors, the core risk is regulatory contagion. When Bitcoin appears in the same sentence as IRGC sanctions evasion and oil toll collection, it invites legislative attention. Congressional hearings, expanded OFAC guidance on crypto, and tighter exchange compliance requirements are all plausible downstream effects of this episode.
The competitive landscape for compliant exchanges and custody providers could actually benefit from this dynamic. Platforms that have invested heavily in blockchain analytics and sanctions screening are better positioned to weather a regulatory tightening than those that have not.
Watch for further Treasury designations. The $344 million freeze may be the opening move rather than the conclusion of the US government’s response to Iran’s Bitcoin toll infrastructure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Strategy’s preferred shares are trading well below their $100 par value, and the company just spent $1.38 billion in cash to buy back its own debt instead of buying more Bitcoin. For a firm whose entire identity revolves around accumulating as much Bitcoin as humanly possible, that’s a notable pivot.
The STRC preferred shares have slid to roughly 14% below par, pushing yields up to around 11.5%. Meanwhile, Bitcoin short interest has jumped 9%, adding external pressure to a company that has effectively turned itself into a leveraged Bitcoin proxy.
The debt buyback that raised eyebrows In May 2026, Strategy repurchased $1.5 billion in face value of its 0% convertible senior notes due in 2029. The price tag: approximately $1.38 billion in cash, a discount that looks smart on paper but raises uncomfortable questions about what the company is prioritizing.
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Strategy didn’t use that $1.38 billion to buy more Bitcoin. It used it to reduce its debt load. The company currently holds between 843,738 and 846,842 BTC, acquired at an average cost of roughly $76,000 per coin. That puts the total acquisition cost basis at approximately $63.88 billion, making Strategy the largest corporate holder of Bitcoin on the planet by a wide margin.
The $1.5 billion dividend problem Strategy’s annual preferred dividend obligation sits at roughly $1.5 billion. The company’s older convertible notes carried 0% coupons, meaning they cost nothing to service until maturity or conversion. The newer preferred share structure is a fundamentally different animal. An 11.5% yield on preferred shares trading below par tells you the market is pricing in meaningful risk that those dividends might become difficult to sustain.
The suspension of new Bitcoin acquisitions is particularly telling. Strategy built its entire brand on relentless accumulation, and stepping off that treadmill, even briefly, changes the narrative.
Rising short interest adds pressure Bitcoin short interest climbing 9% during this period isn’t coincidental. Nearly 850,000 BTC represents a meaningful percentage of Bitcoin’s liquid supply, and even the perception that forced selling might occur can move markets.
Strategy’s financial health depends on Bitcoin’s price. Bitcoin’s price is partially supported by the market’s confidence that Strategy won’t sell. The broader “digital credit” market is also feeling the chill — when STRC trades 14% below par, it sends a message to every issuer considering similar structures that the market’s risk appetite has limits.
What this means for investors The key metric to watch is whether Strategy resumes Bitcoin purchases or continues prioritizing debt reduction. The spread between STRC’s trading price and its par value is another real-time indicator of market confidence.
Strategy’s decision to repurchase its 0% notes at a discount — buying back debt at 92 cents on the dollar — is rational treasury management, but it also means the market was willing to sell that debt at a loss. The 9% increase in Bitcoin short interest is worth monitoring as a sentiment gauge, as shorts continuing to build while Strategy’s bonds trade below par could create a volatile environment where any negative catalyst gets amplified.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@Strategy is enduring one of its worst stretches since building its Bitcoin treasury. $MSTR fell roughly 9% on June 24, touching a 52-week intraday low of $92.28, a staggering drop from its 52-week high of $457.22. The preferred share, $STRC, was not spared either. STRC, the dividend-paying preferred share Saylor has leaned on to fund Bitcoin purchases, dropped 7.41% to $80.84, also a 52-week low and now well below its $100 par value.
Bitcoin Below $60,000 Is the Trigger The proximate cause is a sharp decline in $BTC. Bitcoin slid through the $60,000 mark on June 24, closing near $59,000, its weakest level since late 2024. Because $MSTR functions as a leveraged proxy for Bitcoin, the stock amplifies every move in the underlying asset. With $STRC now trading under its $100 par value, growing concerns about the preferred stock vehicle, which has been used to fund Bitcoin purchases, mean it is now slipping well below par and increasing the company's financing costs.
The broader sell-off has not helped. Bitcoin slid to $59,200 during the session before recovering to around $61,000. The wider crypto sell-off was attributed to significant outflows from Bitcoin ETFs and a shift in Federal Reserve expectations toward potential rate hikes, making risk assets less attractive.
Adding to the pressure, Strategy disclosed the sale of a small amount of Bitcoin to fund preferred stock distributions, a symbolic move that countered its long-held "never sell" philosophy. That disclosure has weighed on sentiment since early June.
A Deep Drawdown, Yet Analysts Hold Their Targets Strategy is down 39.6% since the beginning of the year and is trading roughly 79% below its 52-week high. Despite the steep drawdown, Wall Street has not abandoned the stock. According to 14 analysts, the average rating for $MSTR is "Strong Buy," with a 12-month average price target of $351.54. That gap between the current price and analyst targets is now enormous, reflecting either deep conviction in a Bitcoin recovery or targets that have yet to catch up with the new reality.
The more MSTR falls, the less firepower Saylor has to buy Bitcoin or raise cash to cover debt obligations, although Strategy does have approximately 10 months of debt covered with its current cash pile. The financing engine that has defined the company's identity is now visibly under stress, and markets are watching closely to see whether a stabilization in Bitcoin prices can relieve the pressure before conditions deteriorate further.
Sources:
Yahoo Finance: Morning Minute: Strategy's MSTR and STRC Crash to 52-Week Lows
Yahoo Finance: Why Strategy (MSTR) Shares Are Getting Obliterated Today
Stock Analysis: Strategy (MSTR) Stock Price and Overview
Bitcoin experienced one of its steepest sell-offs in recent weeks on June 25, with the price dropping from above $61,000 to around $58,000 within an hour. The sharp downturn prompted renewed concerns in the market about whether Bitcoin could maintain its key support levels.
According to data from Coinglass, total liquidations across the market reached $1.27 billion in the past 24 hours, affecting 209,000 traders. The most volatile period saw liquidations exceeding $430 million. Coinglass is a well-known market data platform tracking liquidation activity in derivative markets.
Sell pressure was not limited to a single pair, with synchronized selling seen across BTC/USD, BTC/USDT, BTC/FDUSD pairs, and perpetual futures on Binance.
This demonstrates that the selling pressure was broad-based, spanning multiple channels. Market indicators showed sell-offs happening simultaneously in spot and perpetual futures markets on Binance, underscoring that the drop was rooted in a wider market context, not just isolated trading activity.
After the first sharp drop, Bitcoin saw a brief rebound, but the recovery quickly lost momentum and the price settled around $59,000. A market analyst noted that buying activity increased after the decline, though this failed to translate into a lasting change in trend.
Order flow confirms weak sentimentAnalysts suggest that coins sold by panicking retail investors may have been snapped up by larger, more experienced players. At the same time, the continued build-up of short positions indicated that market participants were increasingly expecting further losses.
Order flow data supported this negative outlook. The Cumulative Volume Delta (CVD) indicator, which measures the aggressiveness of buyers versus sellers, swung sharply negative as prices fell. This pointed to a dominance of sell orders over buy orders at the height of the downturn.
Mini glossary: CVD (Cumulative Volume Delta) is a market indicator used to track the aggressiveness of buying and selling. When the indicator moves into negative territory, it signals that selling pressure dominates.
Even after the initial decline, CVD readings did not recover significantly, suggesting that the rebound was largely driven by short covering rather than genuine spot demand. As selling resumed, the indicator continued to move lower, signaling ongoing weakness.
Spot ETF outflows add to pressureAn additional factor weighing on Bitcoin was persistent outflows from spot Bitcoin ETFs. Updated figures showed a single-day net outflow of 7,439 BTC, equivalent to roughly $441.88 million. Over the past seven days, net outflows reached 12,619 BTC, representing around $749.58 million.
These ETF outflows highlight a weakening of one of the key demand drivers that previously supported Bitcoin’s rally phases. The declining interest from ETF investors has been a notable headwind for the cryptocurrency in recent sessions.
PeriodNet outflowApproximate value1 day-7,439 BTC$441.88 million7 days-12,619 BTC$749.58 million$60,000 remains a critical support zoneTechnical analyst Rekt Capital notes that Bitcoin’s current situation resembles the correction phase seen in 2022. On the monthly chart, BTC has slipped below its short-term trendline and is now testing the longer-term moving average near $60,000. Rekt Capital is well known for in-depth technical analysis focused on crypto markets.
If BTC can hold above the long-term support around $60,000, there is a chance for a relief rally in July. However, falling below this level could increase the risk of a deeper correction.
Whether Bitcoin manages to stay above this pivotal support may shape the short-term direction. Sustaining above $60,000 could open the door for a rebound next month, while a loss of this level keeps the risk of a more pronounced correction firmly in play.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin is once again testing investor confidence.
After recent volatility across digital asset markets, Bitcoin has returned to the $61,549 support area, forcing traders to decide whether the current level can hold. While uncertainty continues surrounding the broader market direction, some AI-powered cryptos are showing resilience.
Two projects attracting significant attention are DeXe ($DEXE) and MemeToro ($MT).
Although they serve different purposes, both sit within sectors benefiting from growing demand for artificial intelligence, automation, and community-driven ecosystems. As Bitcoin consolidates, many investors are comparing DeXe price prediction models with the upside potential offered by newer AI-focused projects such as MemeToro.
Bitcoin Retests $61,549 as Traders Search for Direction Bitcoin’s latest move has become the primary focus across crypto markets.
The return toward the $61,549 support zone follows weeks of uncertainty, liquidations, and weakening sentiment. While the recent bounce has reduced panic selling, analysts remain divided on what comes next.
Some traders believe Bitcoin is building a local floor.
Others argue that the broader trend remains fragile and vulnerable to additional downside pressure if support fails to hold. This uncertainty is influencing capital allocation decisions.
When Bitcoin enters prolonged consolidation phases, investors often begin searching for sectors capable of generating independent momentum.
Artificial intelligence remains one of the strongest examples.
DeXe Price Prediction: Can the Rally Continue? The latest DeXe price prediction discussions have become increasingly bullish following the token’s recent surge.
DeXe climbed roughly 50% and reached a yearly high near $24.20 after a powerful short squeeze pushed market activity to new levels. Open interest expanded significantly as traders rushed to gain exposure.
The rally caught many participants off guard. However, technical indicators now suggest caution may be warranted.
The daily RSI recently approached extreme levels, indicating that DeXe may be entering overbought territory. As a result, some analysts expect a temporary pullback toward the $20 to $21 range before the next major move develops.
Even so, the broader DeXe price prediction remains constructive. A weekly close above recent highs could open a path toward the $27 and $30 zones later this summer.
Why AI-Powered Cryptos Continue Attracting Capital The popularity of DeXe is part of a larger trend.
Artificial intelligence continues attracting investment across both traditional technology markets and blockchain ecosystems. Investors increasingly view AI as a long-term growth sector rather than a short-term narrative.
This is helping AI-powered cryptos remain visible despite broader market uncertainty.
Automation, predictive analytics, autonomous systems, and community-driven participation models are becoming increasingly important components of blockchain projects.
As a result, investors are paying closer attention to ecosystems capable of combining these technologies with practical utility.
MemeToro has become one of the projects benefiting from this shift.
Comparing DeXe and MemeToro The DeXe vs MemeToro comparison highlights two very different approaches to AI-powered crypto development.
DeXe focuses primarily on decentralized governance infrastructure. Its ecosystem is designed to help communities and organizations coordinate decision-making through DAO frameworks and governance tools.
MemeToro takes a more consumer-focused route.
The platform combines artificial intelligence, SocialFi participation, decentralized prediction markets, and Web3 entertainment into a single ecosystem.
This difference creates distinct investment profiles.
DeXe appeals to investors seeking mature governance infrastructure, while MemeToro targets users interested in participation-driven ecosystems built around emerging AI trends.
Breaking Down the MemeToro Utility Stack MemeToro operates as a behavioral finance layer designed to transform online attention into blockchain activity.
Its AI-driven infrastructure continuously analyzes cultural trends, social media discussions, and market narratives to identify opportunities before they become mainstream.
The platform includes several integrated components:
AI Memecoin Creation: Users can launch new tokens through a no-code deployment system. Prediction Markets: Participants can forecast real-world outcomes using $MT and BNB. Web3 Entertainment: Interactive gaming features help sustain ecosystem engagement. 35% APR Staking: Long-term holders can earn rewards while supporting network growth. The $MT token powers every component across the ecosystem. What’s Ahead The latest DeXe price prediction remains positive despite growing concerns about short-term overbought conditions. If Bitcoin successfully defends the $61,549 support zone, projects connected to artificial intelligence could continue benefiting from renewed market confidence.
Both DeXe and MemeToro fit that narrative.
DeXe offers established governance infrastructure and growing institutional credibility. MemeToro delivers a higher-risk, higher-upside opportunity built around AI-powered memecoin creation, prediction markets, staking rewards, and SocialFi participation. As investors evaluate AI-powered cryptos during Bitcoin’s latest consolidation phase, both projects are likely to remain prominent names throughout the remainder of June 2026.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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June saw the highest miner-to-Binance Bitcoin transfers in four months.
Bitcoin miners significantly increased their transfers to Binance during June. Data suggests that the total miner inflows to the exchange have surpassed 150,000 BTC.
According to CryptoQuant, the figure marks the highest level of miner deposits to Binance in more than four months and points to a sharp rise in activity from wallets associated with mining operations.
Massive Miner Transfers Miner inflows had remained relatively moderate in previous months before climbing sharply in June. The latest rise indicates that miners have become more active in moving their holdings to the exchange. This could reflect profit-taking after a period of price stability or efforts to secure liquidity to cover operational costs amid changing mining conditions and ongoing market volatility.
CryptoQuant explained that higher miner deposits do not automatically mean that all of the transferred Bitcoin will be sold immediately. However, the increase does place a larger amount of Bitcoin on the exchange, which increases the potential supply that could enter the market.
The analysis said that if these higher inflows are accompanied by weaker demand or lower buying activity, they could add selling pressure to Bitcoin prices. On the other hand, if the market absorbs the additional supply without a significant price decline, it could indicate strong demand and the ability of buyers to handle the increased supply.
At the same time, Alphractal’s Mining Equilibrium Index was at 0.75, which means that BTC miners are earning less than the annual average.
Bigger Story Behind Miner Pressures The decline in mining profitability comes as several public mining companies have already reduced their Bitcoin holdings to cope with weaker economics and rising operating costs. But prominent independent analyst Shanaka Anslem Perera argued that these miners are not abandoning mining because the business has collapsed, but because artificial intelligence companies are offering far higher returns for the same energy infrastructure.
You may also like: 3 Key Metrics Show Bitcoin Miners Are Under Mounting Pressure Trump-Backed American Bitcoin Posts $82M Loss Despite Record BTC Mining Output Bitcoin Mining Giants Sold More BTC in Q1 Than Entire 2025 Combined In a post on X, Perera said many publicly listed miners now face average production costs of around $80,000 per BTC. Some operations have become unprofitable when Bitcoin trades below that level. The downward difficulty adjustments this year indicated that some mining machines had already gone offline.
According to Perera, the major factor behind the industry’s shift is the growing demand for AI computing. He said a megawatt of electricity that generates roughly $1 million annually through Bitcoin mining can produce between $10 million and $20 million through AI hosting services. As a result, valuable assets such as power contracts, land, grid connections, and cooling infrastructure are increasingly being redirected toward AI operations.
Perera also added that Bitcoin’s network remains resilient because mining difficulty adjusts automatically when miners leave, which allows remaining participants to operate more profitably. He also said that the larger long-term issue is BTC’s dependence on block subsidies, which continue to decline through future halving events.
Bitcoin dropped to $58,131 on June 25, marking its lowest price since September 2024. That’s a staggering fall from grace for an asset that was trading above $126,000 just eight months ago.
The selloff triggered more than $1.4 billion in liquidations over 24 hours, with the overwhelming majority hitting long positions.
How bad is the damage Bitcoin’s weekly losses now sit at 6.6%. After touching that intraday low, the price staged a modest bounce to around $59,460, still down roughly 2.6% on the day.
The Crypto Fear & Greed Index, which measures market sentiment on a scale from 0 to 100, cratered to 13. That puts the reading firmly in “Extreme Fear” territory.
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Bitcoin hit a record high above $126,000 in late 2025, powered by optimistic pro-crypto policies and institutional inflows. The current price represents a decline of more than 53% from that peak.
The global cryptocurrency market cap has shrunk from its October 2025 peak of approximately $4.28 trillion to around $2 trillion. Altcoins have suffered even steeper percentage losses than Bitcoin.
What’s driving the selloff Roughly $10 billion worth of Bitcoin options were set to expire on Deribit on June 26. Large options expirations tend to create gravitational pull on prices as market makers hedge their positions, and analysts expect the expiry to inject additional volatility into an already fragile market.
Ongoing geopolitical tensions and broader risk-off sentiment have pushed investors away from speculative assets. Investors have also been redirecting funds toward AI and other high-growth technology sectors.
The technical picture is flashing red Bitcoin is now trading below its 200-week moving average. This indicator has historically served as a dividing line between bull and bear markets. The last time Bitcoin spent meaningful time below this level, it was during the 2022 bear market that followed the collapse of FTX and Terra.
What this means for investors The immediate concern is whether the options expiration on June 26 will trigger another leg down. With $10 billion in contracts settling, there’s meaningful risk of additional price dislocation, particularly if market makers need to unwind hedges in thin liquidity conditions.
The shrinkage from $4.28 trillion to $2 trillion in total crypto market cap means reduced liquidity, which means higher volatility on lower trading volumes.
Investors still committed to crypto exposure should be watching the $55,000 to $58,000 range closely. A sustained break below could open the door to significantly lower prices, while a hold and recovery above the 200-week moving average would be the first sign that the worst might be behind us.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Michael Saylor just did something nobody expected: he hinted that Strategy Inc. might actually sell Bitcoin.
Speaking at the Bitcoin 2026 conference in Las Vegas on April 28, the co-founder and executive chairman of Strategy Inc. laid out an ambitious funding model centered on STRC, the company’s Bitcoin-backed preferred stock. But the real headline was his suggestion that the firm could liquidate some of its Bitcoin holdings by the end of 2026 to better manage cash reserves, a notable departure from the company’s long-standing “never sell” ethos.
STRC: from launch to largest preferred stock in eight months The centerpiece of Saylor’s keynote was STRC’s meteoric rise. Within just eight months of its debut, the instrument has become the world’s largest and most liquid preferred stock, according to Saylor. It offers tax-deferred yields of 11.5%, putting it in direct competition with traditional equity returns.
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Saylor framed the company’s financial architecture in three layers: Bitcoin as “digital capital,” MSTR stock as “digital equity,” and STRC as “digital credit.”
The sell signal that wasn’t supposed to happen For years, Saylor has been Bitcoin’s most vocal corporate evangelist, famously advocating a buy-and-hold-forever approach. Strategy Inc., which rebranded from MicroStrategy in February 2025, has accumulated one of the largest corporate Bitcoin treasuries in existence.
So when Saylor indicated during his keynote that the firm might liquidate some holdings in 2026 to manage cash reserves, it registered as a genuine strategic pivot. Not a panic move. Not a capitulation. But a calculated acknowledgment that running a Bitcoin-backed financial conglomerate requires actual cash management.
The logic isn’t hard to follow. STRC’s 11.5% yield has to be paid somehow. If cash reserves run thin, the company faces two unpleasant options: sell Bitcoin or issue more MSTR shares. The latter dilutes existing equity holders. The former contradicts the core thesis.
Risks lurking beneath the innovation The conference didn’t shy away from the uncomfortable questions surrounding STRC’s structure. Chief among them: what happens if STRC issuances continue to grow while cash reserves don’t keep pace?
The answer is dilution. Ongoing STRC issuances create obligations that must be serviced. If Bitcoin’s price stagnates or declines, Strategy’s ability to cover yields without selling BTC or issuing new MSTR shares gets considerably harder.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The latest twist in Washington’s crypto saga landed this week, and it’s not a clean one. Congress moved a bill banning a Federal Reserve-issued central bank digital currency until 2030, but President Trump has not yet signed it, leaving the fate of a CBDC in limbo. Adding to the friction, the CLARITY Act—a sweeping stablecoin and market structure proposal—has been scheduled for a July hearing, according to a Santiment market note published on Thursday. The timing is starting to look like a fork in the road for U.S. digital asset policy.
The uncertainty comes as banking interests mount a last-ditch effort to reshape major crypto legislation, with a fight brewing just days before a Senate vote, as previously covered by BlockchainReporter in a report on the biggest crypto bill in US history. The combination of a CBDC ban without a signature, a blockbuster stablecoin bill heading into hearings, and an industry still recovering from banking cracks is making it difficult for traders to price in a clear direction.
The CBDC Ban: A Signal Without Finality A ban through 2030 effectively removes the Fed from the digital currency race for the entire remainder of the decade. For Bitcoin proponents, that could be read as an indirect endorsement: if the government won’t issue a programmable dollar, the private market’s non-sovereign alternatives gain a clearer runway. However, the president’s delay in signing the ban into law undercuts that narrative. It raises the question of whether the executive branch wants to keep the option open, or if this is simply a negotiating tactic down the road. Either way, the ambiguity leaves Bitcoin bulls with a messy signal—not the clean regulatory greenlight they might have hoped for.
Why the July CLARITY Act Hearing Matters The CLARITY Act is widely viewed as the most comprehensive attempt to regulate stablecoins and digital asset markets in the U.S. Its hearing in July will attract intense scrutiny from crypto firms, banks, and international competitors. If the bill advances quickly, it could create a framework that boosts institutional participation. But if partisan gridlock stalls it, the U.S. risks falling further behind other jurisdictions that are moving faster on clear rules.
The Santiment note posed a direct question to Bitcoin bulls: does the policy chaos give reasons for excitement? The answer is far from straightforward. A CBDC ban removes a competitor to decentralized digital assets in the short term, but the lack of a signing suggests the political calculus isn’t settled. Bitcoin’s price has historically responded to regulatory clarity—or the lack of it—with swift moves. Without that clarity, extended sideways trading or sudden breakouts tied to news cycles become more likely. For altcoins tied to stablecoin and DeFi narratives, the CLARITY Act hearing represents a potential catalyst that could unlock or chill innovation depending on how lawmakers proceed.
Despite the gridlock, institutions are not waiting for perfect rules. Tokenized real-world assets crossed $20 billion on-chain last week, with major players settling trades using JPMorgan’s platform, as detailed in a recent tokenization roundup. That momentum suggests capital will find paths to on-chain settlement even if Washington continues to drag its feet. For Bitcoin, the policy fog could amplify its appeal as a hedge against indecision, but the real test will be whether large asset managers and corporates accelerate exposure amid the noise.
The coming weeks will test the market’s patience. A signature or a veto on the CBDC ban, combined with the tone of the CLARITY Act hearing, could swing sentiment sharply. For now, the messy policy picture is a risk factor that even Bitcoin bulls cannot ignore.
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Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Bitcoin and artificial intelligence have become two of the most closely watched investment themes of 2026. Yet recently, the relationship between them has become increasingly uneven.
While major AI companies continue attracting investor capital, Bitcoin has faced renewed selling pressure. The world’s largest cryptocurrency recently slipped toward the $60,000 level as traders redirected funds toward rapidly growing AI opportunities.
This shift has created a new conversation among investors: can a project exist at the intersection of both trends? For many participants, MemeToro ($MT) is emerging as one of the more closely watched attempts to bridge AI innovation with blockchain participation.
Why Bitcoin Has Been Losing Ground Bitcoin remains the dominant asset in crypto, but recent market behavior has highlighted growing competition for investor attention.
Several market observers have noted that capital is increasingly flowing toward artificial intelligence companies and technology-focused opportunities. As a result, some investors are reducing exposure to traditional crypto assets in favor of sectors perceived to offer stronger growth potential.
The divergence has been noticeable.
While major technology indices have posted gains, Bitcoin has struggled to maintain momentum. This trend has contributed to growing caution across the broader digital asset market.
At the same time, leveraged positions have been flushed from the system.
Recent volatility triggered significant liquidations across crypto markets, further reinforcing defensive investor behavior.
The result is a market environment where capital is becoming increasingly selective.
AI Has Become One of the Market’s Strongest Narratives Artificial intelligence is no longer a niche investment theme.
Across both traditional finance and crypto markets, AI-related projects continue attracting attention from developers, venture capital firms, and retail investors. New applications appear almost daily, ranging from automation tools to autonomous decision-making systems.
This growth is helping reshape investor priorities.
Rather than focusing exclusively on speculative assets, many participants are exploring ecosystems connected to technological innovation and practical utility.
Crypto is experiencing the same shift.
Projects built around artificial intelligence continue attracting visibility because they sit at the intersection of several expanding trends.
That environment has helped create strong interest in AI-focused blockchain ecosystems.
Why Some Investors Want Exposure to Both Trends For many investors, choosing between Bitcoin and AI is not necessarily the goal.
Instead, they are looking for opportunities that combine blockchain participation with AI-driven functionality. This is where projects like MemeToro are attracting attention.
Rather than operating as a traditional meme coin, the platform combines artificial intelligence, SocialFi participation, token creation tools, and community engagement within a single ecosystem.
The result is a project positioned inside one of crypto’s fastest-growing sectors while remaining native to blockchain infrastructure.
MemeToro AI Agent: Automating Token Creation via Predictive Analytics MemeToro AI functions as an autonomous creator tool that converts real-time social data into deployable cryptocurrency assets. By continuously processing data from digital communities and news networks, the engine identifies market narratives as they form.
Once a high-probability narrative is selected, the system programmatically generates the complete branding suite, including logos, concepts, and promotional assets.
Every token is launched directly to the market under a fair-distribution model, ensuring no insider allocations or early-access pools exist. Prospective participants can view a complete overview of the token data and visual assets before final deployment.
The native $MT token facilitates access to this automated ecosystem.
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Mark Dow slams Bitcoin maximalists as the cryptocurrency crashes.
Mark Dow is a hedge fund trader who previously served as an economist at the U.S. Treasury and the International Monetary Fund (IMF).
Within the crypto community, he is best known for opening a Bitcoin (BTC) short when the cryptocurrency was trading close to $20,000 in December 2017. It was its highest price range back then, but the economist was skeptical of its surge.
Within a year, Bitcoin crashed to $3,500 and Dow decided to close his short position in December 2018.
“I’m done. I don’t want to try to ride this thing to zero,” he told Bloomberg.
The blockbuster trade turned Dow into a legendary figure within the crypto community. Now, whenever he has something to say about Bitcoin, everyone listens.
Trending on TheStreet Roundtable:Analyst compares Saylor's Strategy to bankrupt crypto companyStandard Chartered predicts 5,000% upside for struggling tokenBlackRock's iconic fund hits new yearly lowDow reacts to latest Bitcoin crashA lot has happened after that monumental trade.
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U.S. President Donald Trump emerged as a prominent voice of Bitcoin as Wall Street also decided to issue exchange-traded funds (ETFs) tied to the cryptocurrency.
Bitcoin eventually hit a new all-time high (ATH) of $126,080 on Oct. 6, 2025. But the flash crash only a few days later led to a downturn from which the cryptocurrency is still trying to recover.
Back in November, Dow reacted to the crash with a dig at maximalists like real estate mogul Grant Cardone, "You know how you know bitcoin is over? Grant Cardone is pitching it in his ads."
As Bitcoin crashed below $60,000 on June 25, he asserted that the high last year was indeed Bitcoin's top. The former economist slammed those who he claimed shill Bitcoin to retail traders and make quick exits themselves.
"No grifter left behind. Remember the ppl who made their bank trying to shill it to you."
As per CoinGlass, Bitcoin positions worth $479 million have been liquidated within the last 24 hours due to the volatile price movement.
Bitcoin was trading at $59,552.91 at the time of writing, as per Decibel.
The history of financial markets often unfolds through the psychological crises of its most exposed players, and the crypto sector has just provided a spectacular illustration. The abrupt reversal of a seasoned bitcoin investor from the Silicon Valley elite exposes the fragility of technological certainties in the face of the brutal economic cycles of the blockchain. As the market goes through a period of severe turbulence, this radical decision echoes the latent doubts of a part of the tech community.
In brief A former Google engineer liquidates his entire bitcoin portfolio after a massive financial loss. He attributes his downfall to excessive leverage and the violent market volatility. Patrick Shyu believes that the decrease in liquidity and mining challenges weaken the future of the Bitcoin network. His spectacular announcement divides observers, who wonder about the real impact of this capitulation. A financial disaster linked to leverage On June 25, Patrick Shyu, a tech sector media personality better known under the nickname “TechLead”, announced the complete liquidation of his crypto portfolio. This former chief engineer at Google and Meta publicly acknowledged his defeat in the face of a market reversal of unprecedented violence through several strong statements :
The admission of his financial collapse : “I sold all my bitcoin and suffered a massive financial loss” ; The surprise at the speed of the crash : “If you had told me a year ago that I would say that on camera, I would have laughed” ; The explicit acknowledgment of his strategic mistakes : “I used excessive leverage. A small mistake led to dramatic consequences”. This financial collapse originates from a poor assessment of volatility and excessive exposure to speculative financing tools. The price of the market’s leading crypto experienced a sharp drop, falling from a historic peak of around 126,000 dollars last October to the 60,000-dollar range this summer, marking what the engineer calls a “50% crash”.
This plunge below the major psychological threshold of 60,000 dollars triggered automatic liquidation mechanisms on his trading positions, wiping out his reserves and turning a technical correction into a dry, definitive loss.
Bitcoin: the structural flaws of a market exit Beyond his own financial failure, Patrick Shyu bases his definitive rejection of bitcoin on structural weaknesses related to the global liquidity of the ecosystem. He explains that the depth of order books has become particularly shallow compared to previous cycles, meaning current market conditions would prevent an orderly evacuation of capital in the event of widespread panic. He believes that exit liquidity for investors is now much thinner than in 2021.
The former Google engineer cites the latent pressure from institutional giants and historic fund repatriations to illustrate this macroeconomic trap. “We are walking on a thin layer of ice”, he warns, pointing to the danger represented by about 35,000 coins held by Mt. Gox creditors and 850,000 tokens owned by the company Strategy. If these entities increase their sales, retail investors will serve, according to him, as simple “exit liquidity”, because “there may not be enough liquidity for everyone to get out”.
The second technical pillar justifying this complete divestment is a fundamental questioning of the long-term economic security model of the protocol. With 95% of the total bitcoin supply already in circulation, the programmed reduction of block rewards for mining companies represents an existential challenge for financing the computing power needed to protect the network.
For security to remain viable, a transition to an economy solely based on level 1 transaction fees is necessary, an evolution in which Shyu no longer believes. He skeptically notes that “the fee economy they are supposed to rely on has not emerged.” In his eyes, if overall costs remain low, mining companies will gradually shut down their machines, weakening resistance to attacks and exposing the network to future technological threats, such as the advent of quantum computing.
A sensational capitulation This announcement cannot be analyzed without a rigorous examination of the influencer’s history, whose spectacular reversals are a trademark on social networks. In the past, Patrick Shyu has multiplied media stunts, alternately claiming that code was dead, that artificial intelligence had definitively won, or organizing fake retreats from his broadcasting platform.
This tendency towards sensationalism leads seasoned observers to dissociate the technical reality of his financial losses from the prophetic scope of his conclusions. Media treatment must recall that staging ruin is a powerful audience driver, which requires a relatively critical distance from the definitive death verdict of the protocol it seeks to impose.
This capitulation should be interpreted with many nuances, as history shows that failure declarations often coincide with major inflection points. Shyu does not surrender to condemning the underlying technology, specifying: “I am still a long-term bullish investor”, while reminding that bitcoin has always managed to regain attention at each cycle’s end.
Seeing a highly exposed tech influencer give up saying the market is “over” is a classic psychological indicator. For observers, this degree of abandonment and extreme pessimism among public figures does not foreshadow an imminent end for bitcoin, but rather resembles, as the engineer paradoxically points out, a bottom market signal.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Binance will delist the IPUSDT and IPUSDC USDT-margined perpetual contracts due to the rebranding of the Story brand.
Per an official announcement, following the rebranding of the Story (IP) brand to Data Network, Binance will automatically liquidate IPUSDT and IPUSDC U-margined perpetual contracts at 17:00 CST (UTC+8) on June 28, 2026, and remove these perpetual contract trading pairs after liquidation concludes. Users are advised to close their positions voluntarily before trading is suspended to avoid automatic settlement of their positions. Starting from 16:30 CST (UTC+8) on June 28, 2026, users will no longer be able to submit new non-reduce-only orders for the aforementioned perpetual contracts. A separate announcement will be released when the new contract goes live.
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Sources: Israeli military withdrawal from Lebanon is an important "red line" for Iran.
Local time on June 25, a source close to the negotiation team said that Israel's withdrawal from Lebanese territory is one of the conditions for a final Iran-US agreement, and is regarded as an important "red line" by Iran's negotiation team. The source further stated that the final memorandum of understanding will guarantee Lebanon's sovereignty and territorial integrity. The agreement text previously reached in Switzerland already emphasized a "conflict resolution mechanism" that is participated in and uniformly implemented by Iran. Iran is currently following up on the specific implementation timeline. (CCTV)
2 hours ago
Apple's stock price fell by 6%, marking its largest decline since April 2025.
According to Bitget's market data, Apple's stock price fell by 6%, marking its largest decline since April 2025.
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Analyst: Bitcoin falls below $60,000, but institutions and whales are not continuing to bet on further declines.
Greeks.live macro researcher Adam posted on X: "Tomorrow is the quarterly expiry, and Bitcoin has dipped below $60,000. As seen in the GEX chart, $60,000 is clearly the highest open interest price point. Meanwhile, large positions are also starting to accumulate at $58,000 and $59,000, signaling rising market risk. Institutional investors and major holders have not continued to bet on a downward move; they are just waiting for the expiry."
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TD Cowen Analyst: SpaceX May Acquire T-Mobile
TD Cowen analysts said SpaceX could acquire T-Mobile to accelerate its wireless communication ambitions if a network sharing agreement cannot be reached. The report points to Starlink’s existing partnership with T-Mobile US as a strategic fit. This idea is purely speculative, but it underscores the growing competitive pressure the space exploration firm faces in the telecom industry.
PANews, June 25 – In the past hour, the crypto contract market saw liquidations of approximately $635 million, of which long positions accounted for roughly $597 million and short positions approximately $38.16 million, with longs making up about 94% of the total, according to CoinGlass. By exchange, Binance recorded around $279 million in liquidations, Hyperliquid about $185 million, and Bybit approximately $80.6 million, predominantly from long-side forced liquidations. By token, BTC had roughly $329 million in liquidations over the past hour, ETH about $140 million, and XRP, SOL, HYPE, and others also saw liquidations in the millions of dollars.
Over the past 24 hours, total liquidations across the network reached approximately $1.457 billion, with about 215,700 traders forcibly liquidated, mostly on the long side.
BlackRock remains affected by the consistent outflows witnessed across both the Bitcoin and Ethereum ETF markets, and has continued to offload large amounts of its holdings.
In a familiar move showcased by blockchain monitoring platform Lookonchain, BlackRock has deposited another 3,410 BTC and 5,132 ETH to Coinbase Prime in multiple transfers spotted on Thursday, June 25.
BlackRock dumps crypto non-stopThe data further revealed that the Bitcoin and Ethereum transfers were worth $209.64 million and $8.43 million, respectively, per the assets' prices at the time of the transactions.
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The total deposits happened in a series of about seven separate transfers, with nearly all of them carrying 300 BTC each, while only one separate transfer moved Ethereum to the Coinbase wallet.
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While this transfer happened at a time when the broader crypto market is facing downside pressure, market watchers fear that the move from BlackRock could further fuel the ongoing volatility.
Did BlackRock actually sell?Although BlackRock did not clarify the reason it has continued to offload large stashes of its Bitcoin and Ethereum holdings on Coinbase, the transfers have triggered speculation across the market, with traders interpreting them as potential attempts to sell.
It is important to note that deposits to Coinbase Prime or other crypto exchanges do not necessarily confirm an immediate sale. However, investors have become suspicious of BlackRock's frequent deposits, as the timing of the transfers has intensified concerns and signals that BlackRock might actually be selling.
This is more apparent, as the company has been found to sell only when its ETF products record withdrawals during their daily trading sessions.
Many altcoins have collapsed by up to 5% in the past hour alone.
It’s another painful day in the cryptocurrency markets, especially for the altcoins. Ethereum, which traded at roughly $1,800 just over a week ago, tumbled toward $1,500, but it’s yet to break its negative June record, at least for now.
In contrast, Ripple’s XRP has been at the forefront of the latest declines. The token plunged to just over $1.00 minutes ago, which became its lowest price tag since late 2024.
Analysts, even those who have been predominantly bullish on XRP’s future price trajectory, have warned that the asset could unravel if it decisively loses the psychologically important $1.00 level.
CasiTrades, for example, warned that the token could drop to a low of $0.87 before it rebounds. Ali Martinez was even more bearish, outlining targets of below $0.70 and all the way down to $0.15 in a very extreme scenario.
Many other altcoins have posted similar losses in the past hour alone. SOL is down by over 3.5%, ZEC has plunged by 4%, while ADA is close to breaking below $0.14 after a 3.7% drop.
Naturally, the liquidations have skyrocketed given this enhanced volatility, especially since BTC broke below $59,000 and plummeted to $58,000.
Expectedly, BTC is responsible for the lion’s share. Over $320 million worth of longs have been wiped out in the past hour alone. ETH follows suit with nearly $140 million, while XRP is third with just over $40 million – all from longs.
You may also like: Déjà Vu: Bitcoin Tumbles Below $59K as Strategy’s MSTR Crumbles Again Prediction: Bitcoin Could Bottom Between $42K and $44K This Year Brutal Bitcoin Liquidation Cascade Imminent Below $59K, Warns Analyst In total, the liquidations are up to $630 million in the past hour, and $600 million is from longs. The total value for the past day is $1.5 billion, with $1.22 billion from longs.
In brief Prediction market traders think Bitcoin and Ethereum are headed even lower as markets sell off. Traders now strongly favor dumps to $55,000 for BTC and $1,500 for ETH before any rebounds. The market's near-term fate may hinge on the performance of STRC, the preferred equity offering from Bitcoin behemoth, Strategy, according to one analyst. Prediction market traders are becoming increasingly bearish on near-term price action for Bitcoin and Ethereum, expecting downwards momentum to carry them further downwards towards $55,000 and $1,500, respectively.
Traders on Myriad—a prediction market platform operated by Decrypt’s parent company, Dastan—place odds of a Bitcoin dump to $55,000 before a rise to $80,000 at 77%, and odds of an Ethereum drop to $1,500 before a jump to $3,000 at 88% as markets sell off on Thursday.
The bearishness has been accelerating over the course of the last month, with odds of Bitcoin’s dump to $55,000 jumping 44% on Myriad in that time. As it stands, Bitcoin has fallen to $59,511, around a 1% drop in the last 24 hours and now 23% in the last month of trading. Bitcoin dipped to nearly $58,000 earlier Thursday, its lowest price since 2024.
The plunge is being amplified in traditional markets as well, as shares in Strategy (MSTR), Bitcoin’s leading treasury firm, have fallen even further, dropping nearly 7% since trading opened on Thursday to change hands around $88.
Shares in the firm have now fallen nearly 45% in the last month, while STRC—its preferred equity offering that is designed to trade around a par value at $100—is now down 22% in the last month, recently trading around $77. STRC touched an all-time low of $73.62 soon after the opening bell on Thursday.
“On a short-term basis, STRC is the tail wagging the Bitcoin dog,” Bitwise CIO Matt Hougan told Decrypt.
“While there are also macro factors at work—rising concerns about inflation, worries about rate hikes, etc.—the market can't keep its eyes off STRC trading in the $70s,” he added. “It's worried Strategy will enter some kind of death spiral and be forced to sell Bitcoin. This pressure will likely continue until Strategy clarifies how it plans to deal with the issue.”
As the market projects its fears into prices, analysts have noted that the firm’s best path forward may be shoring up its cash position, providing it more runway to pay dividend obligations, ultimately easing shaky investors.
The second-largest crypto asset has not been spared, with Ethereum sinking to $1,576—a drop of 2.6% in the last 24 hours, fueling a more than 25% plunge in the last 30 days. At its current mark, ETH sits just 5.2% above its resolution point of $1,500 on Myriad. According to Hougan, ETH is “mostly caught in the crossfire” as “collateral damage” amid the STRC concerns.
Traders on other prediction market platforms are similarly pointing to more long-term bearishness on top crypto assets, as well. Kalshi markets that ask how low Bitcoin and Ethereum will go during 2026 give BTC a 36% chance of falling below $40,000, plus a 34% chance of ETH falling below $1,000.
Bitcoin is currently nearly 53% off its all-time high of $126,080 set last October. Meanwhile, ETH is more than 68% off its all-time high of $4,946 from last August.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Prediction market traders think Bitcoin and Ethereum are headed even lower as markets sell off. Traders now strongly favor dumps to $55,000 for BTC and $1,500 for ETH before any rebounds. The market's near-term fate may hinge on the performance of STRC, the preferred equity offering from Bitcoin behemoth, Strategy, according to one analyst. Prediction market traders are becoming increasingly bearish on near-term price action for Bitcoin and Ethereum, expecting downwards momentum to carry them further downwards towards $55,000 and $1,500, respectively.
Traders on Myriad—a prediction market platform operated by Decrypt’s parent company, Dastan—place odds of a Bitcoin dump to $55,000 before a rise to $80,000 at 77%, and odds of an Ethereum drop to $1,500 before a jump to $3,000 at 88% as markets sell off on Thursday.
The bearishness has been accelerating over the course of the last month, with odds of Bitcoin’s dump to $55,000 jumping 44% on Myriad in that time. As it stands, Bitcoin has fallen to $59,511, around a 1% drop in the last 24 hours and now 23% in the last month of trading. Bitcoin dipped to nearly $58,000 earlier Thursday, its lowest price since 2024.
The plunge is being amplified in traditional markets as well, as shares in Strategy (MSTR), Bitcoin’s leading treasury firm, have fallen even further, dropping nearly 7% since trading opened on Thursday to change hands around $88.
Shares in the firm have now fallen nearly 45% in the last month, while STRC—its preferred equity offering that is designed to trade around a par value at $100—is now down 22% in the last month, recently trading around $77. STRC touched an all-time low of $73.62 soon after the opening bell on Thursday.
“On a short-term basis, STRC is the tail wagging the Bitcoin dog,” Bitwise CIO Matt Hougan told Decrypt.
“While there are also macro factors at work—rising concerns about inflation, worries about rate hikes, etc.—the market can't keep its eyes off STRC trading in the $70s,” he added. “It's worried Strategy will enter some kind of death spiral and be forced to sell Bitcoin. This pressure will likely continue until Strategy clarifies how it plans to deal with the issue.”
As the market projects its fears into prices, analysts have noted that the firm’s best path forward may be shoring up its cash position, providing it more runway to pay dividend obligations, ultimately easing shaky investors.
The second-largest crypto asset has not been spared, with Ethereum sinking to $1,576—a drop of 2.6% in the last 24 hours, fueling a more than 25% plunge in the last 30 days. At its current mark, ETH sits just 5.2% above its resolution point of $1,500 on Myriad. According to Hougan, ETH is “mostly caught in the crossfire” as “collateral damage” amid the STRC concerns.
Traders on other prediction market platforms are similarly pointing to more long-term bearishness on top crypto assets, as well. Kalshi markets that ask how low Bitcoin and Ethereum will go during 2026 give BTC a 36% chance of falling below $40,000, plus a 34% chance of ETH falling below $1,000.
Bitcoin is currently nearly 53% off its all-time high of $126,080 set last October. Meanwhile, ETH is more than 68% off its all-time high of $4,946 from last August.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
TLDR BlackRock transferred 3,410 BTC and 5,132 ETH to Coinbase Prime. The combined value of the transfers reached approximately $217 million. Bitcoin transfers accounted for about $209.64 million of the total value. Ethereum transfers were valued at approximately $8.43 million. Lookonchain tracked the transactions across multiple blockchain transfers. BlackRock transferred another $217 million worth of Bitcoin and Ethereum to Coinbase Prime on June 25. The transactions followed continued ETF outflows across both products and renewed attention on the asset manager’s blockchain activity. Lookonchain tracked the transfers, while BlackRock did not disclose the purpose behind the deposits.
Lookonchain reported that BlackRock deposited 3,410 BTC and 5,132 ETH to Coinbase Prime through several transactions. The transfers carried an estimated value of $209.64 million in Bitcoin and $8.43 million in Ethereum. The movement occurred on Thursday, June 25.
Blockchain data showed about seven transfers during the operation. Nearly every Bitcoin transaction moved 300 BTC to Coinbase Prime. One separate transaction carried the Ethereum holdings to the same platform.
Market participants linked the transfers with recent ETF withdrawals because similar activity appeared during previous outflow sessions. However, BlackRock did not issue a statement explaining the latest deposits. The company also provided no public update regarding the destination of the transferred assets.
Exchange deposits often attract attention because they can precede trading activity. However, blockchain transfers alone do not confirm that an asset manager has sold any holdings. The available on-chain data only confirms the movement between wallets.
Bitcoin and Ethereum Transfers Follow ETF Withdrawals The latest deposits arrived while both Bitcoin and Ethereum exchange-traded funds continued recording withdrawals. BlackRock has transferred digital assets to Coinbase Prime during earlier outflow periods. Those previous transactions also prompted market discussion about possible sales.
Some traders interpreted the latest deposits as preparation for another disposal of holdings. Others pointed out that Coinbase Prime supports institutional custody and settlement services. Therefore, wallet transfers alone cannot establish whether any sale occurred.
BlackRock has not confirmed any direct sale connected to the June 25 transfers. The company also has not addressed market speculation surrounding the transactions. As a result, only the blockchain records remain publicly available.
Lookonchain’s published wallet activity showed that the combined transfers reached about $217 million. Bitcoin represented most of the transferred value, while Ethereum accounted for a smaller portion. The deposits reached Coinbase Prime through multiple wallet movements.
Previous blockchain records showed similar transfer patterns during sessions with ETF redemptions. Those observations have contributed to continued discussion whenever BlackRock moves assets to Coinbase Prime. Still, no public filing connected the latest transfers to completed market sales.
The recorded transfers included 3,410 BTC and 5,132 ETH. Based on prices during execution, the combined value reached approximately $217 million. BlackRock has not released any further information regarding the June 25 wallet activity.
PANews June 25 news, Hu Jie, former senior economist at the Federal Reserve and professor at the Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University, appeared as a guest on Huobi’s Master Lecture Hall. During the live broadcast, Hu Jie stated that after the 2008 financial crisis, the Federal Reserve’s monetary policy underwent a significant paradigm shift, relying more on balance sheet tools such as quantitative easing (QE) to inject liquidity into the market by massively expanding the base money supply. This change not only fueled the decade-plus bull market in U.S. stocks, but also profoundly influenced the pricing logic of global risk assets, including Bitcoin. As Wall Street capital continues to flow into the crypto market, Bitcoin’s correlation with traditional financial markets is steadily increasing, and its price movements are increasingly affected by global liquidity conditions.
Regarding the market’s focus on the policy direction of the new Federal Reserve Chair, Hu Jie believes that after the new chair takes office, monetary policy is likely to undergo another paradigm shift, with the most notable being the balance sheet reduction (quantitative tightening, QT) process. Balance sheet reduction means the Fed will actively withdraw base money and reduce market liquidity supply. From a single-factor perspective, this is not favorable for risk assets including U.S. stocks and Bitcoin, so investors should pay close attention to changes in the Fed’s balance sheet.
Talking about the future of the crypto market, Hu Jie believes that the integration of Bitcoin with the traditional financial system is still accelerating. From the approval of Bitcoin ETFs to the rise of RWA (real-world assets) and tokenized U.S. equities, more and more Wall Street capital is entering the Web3 market through compliant channels. In the short term, some funds may be diverted by new assets such as tokenized U.S. stocks, but in the long run, this is effectively opening up funding channels between traditional finance and the crypto market, and is expected to bring broader incremental capital sources to Bitcoin and the entire digital asset industry.
The crypto market remains under pressure in 2026. Bitcoin ETF outflows, declining risk appetite, and growing concerns about downside volatility have pushed many investors into defensive positions.
Yet not every sector is slowing down.
Artificial intelligence continues attracting capital even as broader market sentiment weakens. Investors are increasingly searching for projects capable of delivering utility, automation, and long-term ecosystem growth rather than relying solely on price speculation.
One project benefiting from this trend is MemeToro ($MT), a BNB Chain ecosystem built around autonomous agents, SocialFi participation, and AI-powered token creation.
When liquidity is abundant, investors frequently chase momentum and short-term opportunities. Bear markets tend to create a different environment.
Participants become more selective.
Rather than focusing entirely on price appreciation, investors start evaluating whether projects can continue attracting users, developers, and ecosystem activity during periods of uncertainty.
This shift is visible across the crypto market today.
Large-cap assets have struggled with growing caution as institutional investors reduce exposure. At the same time, sectors connected to artificial intelligence continue drawing attention.
Many investors view AI as a long-term technological trend rather than a short-term market cycle.
That distinction matters during bearish conditions.
Why AI Continues Growing Despite Market Fear Artificial intelligence remains one of the few sectors consistently generating new activity across crypto.
Development continues expanding, new applications are launching, and autonomous systems are becoming increasingly sophisticated. Investors are paying attention because these projects often provide ongoing functionality regardless of broader market sentiment.
This trend is especially visible on BNB Chain.
The network has become a major destination for agent-based applications thanks to low transaction costs, fast execution speeds, and growing developer support.
Thousands of AI-powered systems are now operating across the ecosystem.
Recent initiatives focused on AI development have accelerated adoption even further, strengthening BNB Chain’s position as a leading environment for autonomous applications.
What Makes MemeToro Different Many crypto projects claim to incorporate artificial intelligence.
MemeToro places AI at the center of the entire ecosystem.
The project operates as a SocialFi platform built on BNB Chain and revolves around the MemeToro AI Agent. This autonomous system continuously monitors social media activity, cultural developments, market narratives, and global news events.
Its goal is straightforward.
The agent identifies emerging opportunities before they become widely recognized across crypto markets. This intelligence layer forms the foundation of the wider platform.
Instead of functioning as a simple meme token, the ecosystem is designed around active participation powered by AI-driven insights.
MemeToro AI Agent: Automated Memecoin Generation Platform MemeToro AI is an autonomous protocol designed to identify emerging cultural and social media trends in real time. The system analyzes online metrics and news cycles to assess the viral viability of specific concepts before initiating automated deployment.
The Three-Step Operational Process:
Trend Identification: The AI monitors data streams across global news outlets, online communities, and social platforms to isolate rising narratives and search spikes. Asset Generation: Once a trend is validated, the system automatically builds the full token framework, including the name, conceptual design, logo, banners, and supporting media assets. Market Deployment: The finalized token is launched directly onto the open market. The launch framework enforces an equal-access distribution with zero token pre-allocations or insider reserves. Before live deployment, users can review an overview of the AI’s generated package, including tokenomics, branding assets, and project concepts.
Building Infrastructure Instead of Chasing Trends One reason MemeToro has continued attracting attention during difficult market conditions is its focus on infrastructure.
The platform is not built around a single feature or narrative.
Instead, it combines autonomous trend discovery, token deployment tools, staking mechanisms, prediction markets, and community participation into a unified environment.
This approach aligns with a broader trend emerging across crypto. Many investors increasingly favor projects that provide tools, services, and recurring ecosystem activity rather than depending exclusively on speculative demand.
That shift has helped AI-focused projects remain visible despite wider market weakness.
What’s Ahead The current crypto environment continues challenging many sectors. Fear remains elevated, institutional flows have weakened, and investors are paying closer attention to risk management than aggressive speculation.
At the same time, artificial intelligence continues expanding. MemeToro’s combination of autonomous trend discovery, AI-powered memecoin creation, staking rewards, prediction markets, and SocialFi participation has positioned it among the most closely watched AI-focused presales operating on BNB Chain.
As markets continue prioritizing utility and infrastructure, projects built around active ecosystem participation are likely to remain important areas of investor focus throughout the remainder of 2026.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Binance will delist the IPUSDT and IPUSDC USDT-margined perpetual contracts due to the rebranding of the Story brand.
Per an official announcement, following the rebranding of the Story (IP) brand to Data Network, Binance will automatically liquidate IPUSDT and IPUSDC U-margined perpetual contracts at 17:00 CST (UTC+8) on June 28, 2026, and remove these perpetual contract trading pairs after liquidation concludes. Users are advised to close their positions voluntarily before trading is suspended to avoid automatic settlement of their positions. Starting from 16:30 CST (UTC+8) on June 28, 2026, users will no longer be able to submit new non-reduce-only orders for the aforementioned perpetual contracts. A separate announcement will be released when the new contract goes live.
2 hours ago
Sources: Israeli military withdrawal from Lebanon is an important "red line" for Iran.
Local time on June 25, a source close to the negotiation team said that Israel's withdrawal from Lebanese territory is one of the conditions for a final Iran-US agreement, and is regarded as an important "red line" by Iran's negotiation team. The source further stated that the final memorandum of understanding will guarantee Lebanon's sovereignty and territorial integrity. The agreement text previously reached in Switzerland already emphasized a "conflict resolution mechanism" that is participated in and uniformly implemented by Iran. Iran is currently following up on the specific implementation timeline. (CCTV)
2 hours ago
Apple's stock price fell by 6%, marking its largest decline since April 2025.
According to Bitget's market data, Apple's stock price fell by 6%, marking its largest decline since April 2025.
2 hours ago
Analyst: Bitcoin falls below $60,000, but institutions and whales are not continuing to bet on further declines.
Greeks.live macro researcher Adam posted on X: "Tomorrow is the quarterly expiry, and Bitcoin has dipped below $60,000. As seen in the GEX chart, $60,000 is clearly the highest open interest price point. Meanwhile, large positions are also starting to accumulate at $58,000 and $59,000, signaling rising market risk. Institutional investors and major holders have not continued to bet on a downward move; they are just waiting for the expiry."
2 hours ago
TD Cowen Analyst: SpaceX May Acquire T-Mobile
TD Cowen analysts said SpaceX could acquire T-Mobile to accelerate its wireless communication ambitions if a network sharing agreement cannot be reached. The report points to Starlink’s existing partnership with T-Mobile US as a strategic fit. This idea is purely speculative, but it underscores the growing competitive pressure the space exploration firm faces in the telecom industry.
PANews June 25 news, based on the current Bitcoin price of $59,600 and the 200-day DCA cost (C200) of $75,821, the Ahr999 bottom-fishing indicator is about 0.287, in the extremely undervalued zone; the intra-year low was 0.27 on February 6, 2026.
Statistical data shows that Ahr999 falling below 0.3 is an extremely rare signal, usually only appearing during systemic panic or bear market bottoms. Historically, the indicator fell below 0.3 during the early market in 2011, the bottom of the 2018 bear market (lowest around 0.24), the COVID flash crash in 2020, and the FTX collapse and ETH chain liquidations in 2022.
The Bitcoin Ahr999 indicator (also called the ahr999 bottom-fishing indicator) was created by ahr999 (Jiushen), primarily to help long-term holders (HODLers) and DCA users determine buying timing. Ahr999 = (current Bitcoin price / 200-day DCA cost) × (current Bitcoin price / exponential growth valuation).
The cryptocurrency market was shaken by another wave of decline last night. Bitcoin (BTC) fell below $60,000, while Ethereum and major altcoins also saw significant pullbacks.
No single trigger has been identified for the sell-off. Reasons cited include the Fed’s hawkish stance, six consecutive weeks of outflows from spot ETFs, decreased liquidity during the summer months, and the expiration of quarter-end options on June 30th.
Due to the recent declines, the negative sentiment and outflows in US spot ETFs continue. At this point, outflows from ETFs have reached record levels.
According to a report by the US financial platform Kobeissi Letter, there has been a net outflow of $6.4 billion from US spot Bitcoin ETFs in the last 30 days. This figure represents the largest monthly net outflow recorded to date.
With these outflows, cumulative inflows into spot BTC ETFs over the past 12 months have also fallen to $5 billion. The current figure is about half of the $10 billion recorded in October last year.
According to Farside Investors data, US spot Bitcoin ETFs saw net outflows for the fifth consecutive day. On Wednesday, ETFs experienced net outflows of $469 million.
BlackRock’s IBIT fund led the way in Bitcoin ETF outflows with $239.3 million, followed by Fidelity’s FBTC fund with $120.8 million.
Bitwise’s BITB fund saw outflows of $27.5 million, Ark Invest’s ARKB fund outflows of $50.7 million, and Grayscale’s GBTC fund outflows of $54.3 million, while Grayscale’s Mini BTC fund was the only fund to experience an inflow of $23.6 million.
In contrast, Morgan Stanley’s MSBT; Wisdom Tree’s BTCW; VanEck’s HODL; Invesco’s BTCO; Franklin Templeton’s EZBC; and Valkyre’s BRRR fund recorded 0 flow.
Outflows Continue in Ethereum ETFs! Ethereum ETFs also experienced outflows. According to Farside Investors data, spot Ethereum ETFs saw net inflows for the fifth consecutive day, resulting in a total net outflow of $30.2 million.
According to the data, outflows were observed in three funds. Fidelity’s FETH fund topped the list with an outflow of $15.7 million. It was followed by BlackRock’s ETHA fund with $8.1 million and Grayscale’s Mini Ethereum (ETH) fund with $6.5 million.
In contrast, BlackRock’s ETHB; Bitwise’s ETHW; 21Shares’ TETH; VanEck’s ETHV; Invesco’s QETH; and Franklin Templeton’s EZET funds all recorded 0 flows.
What’s the Situation with Solana and XRP ETFs? While Bitcoin and Ethereum ETFs are experiencing outflows, the situation is mixed in altcoin ETFs.
Accordingly, XRP spot ETFs saw inflows of $2.05 million, while Solana spot ETFs recorded zero inflows yesterday.
*This is not investment advice.
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On a day when Bitcoin crashed to a 20-month low and XRP fell 8%, Solana did something quietly impressive: it held up better than any other major coin. SOL is down less than 4% on the week, outperforming the entire large-cap field in a brutal selloff. The relative strength is not luck. It traces to a unique ETF feature and steady upgrade progress. Here is what’s happening with SOL.
Solana is trading near $69.03 on June 25, 2026, down about 3.7% over the past week (live SOL price on CoinGecko). That makes it the most resilient major coin this week, falling less than Bitcoin’s broader decline and far less than XRP’s 8% slide, even as a liquidation cascade dragged Bitcoin to a 20-month low near $60,000. SOL holds the number 7 spot by market cap. It remains in a downtrend below its moving averages, but its outperformance stands out in a market where almost everything is bleeding.
The relative strength is worth understanding, because it points to what is supporting SOL when little else is holding.
Why Solana is outperforming in the selloff In a broad risk-off move driven by liquidations, a seventh week of Bitcoin ETF outflows, and a hawkish Fed, high-beta altcoins usually fall hardest. Solana, despite being high-beta, is bucking that pattern this week. A few things explain it.
The standout is its ETF structure. Among major assets, Solana’s spot ETFs are unique in that they launched with staking enabled, passing validator rewards to shareholders. That yield component makes SOL ETFs more attractive than Bitcoin or Ethereum ETF products, which offer no staking return. In a market where institutions are pulling money from non-yielding Bitcoin ETFs, an ETF that pays a staking yield is comparatively more appealing, and Solana has attracted some of the only consistent positive ETF flows among majors in recent sessions. That distinct demand is part of why SOL is holding up.
The upgrades supporting Solana Beyond ETFs, steady fundamental progress is reinforcing confidence. Two major upgrades are advancing. Alpenglow, Solana’s consensus overhaul, is live on a test cluster, a significant step toward dramatically faster transaction finality. And Firedancer, the new validator client from Jump Crypto, continues its careful rollout, with its lead engineer emphasizing performance improvements and rigorous testing aimed at boosting reliability and throughput.
Together, these upgrades target Solana’s two historical weak spots, speed and network outages, and their progress reassures investors that the network is building durable infrastructure rather than just riding market cycles. In a fearful market, demonstrable technical progress and reliability improvements give SOL a fundamental anchor that many altcoins lack.
The risk that remains Solana’s resilience this week should not be mistaken for immunity. It is still in a downtrend, still down on the week, and still exposed to the same macro forces dragging the whole market lower: the hawkish Fed, the strong dollar, and crypto trading down alongside AI stocks. If Bitcoin breaks decisively lower toward the $55,000 region some analysts flag, SOL would likely follow.
There is also Solana’s reliance on speculative activity. A cooling memecoin cycle earlier this month trimmed network fees, a reminder that part of its on-chain activity is speculative and can deflate. Solana is outperforming on a relative basis, but relative strength in a falling market still means falling, just less than the rest.
SOL/USD: Key Levels to Watch On the downside, $66 is the immediate support, with the $62 to $63 zone below it as the level that has held through recent dips. A break there would align with deeper Bitcoin weakness. On the upside, SOL needs to reclaim $72 to ease pressure, then the $78 to $85 zone to confirm a stronger bullish reversal. Holding above $66 keeps the relative-strength story intact.
Bottom Line Solana at $69 is the most resilient major coin this week, down less than 4% while Bitcoin hit a 20-month low and XRP fell 8%. The outperformance traces to its unique staking-enabled ETFs drawing demand when Bitcoin ETFs bleed, plus steady progress on its Alpenglow and Firedancer upgrades.
SOL is not immune, it remains in a downtrend tied to the weak macro backdrop and would follow Bitcoin lower if the selloff deepens. But its relative strength and fundamental anchors are encouraging. Watch the $66 support and the $72 reclaim level. As long as Solana keeps outperforming on the way down and shipping upgrades, it stays better positioned than most for whenever the market turns.
FAQ What is the Solana price today?
Solana is trading near $69.03 on June 25, 2026, down about 3.7% over the past week. That makes it the most resilient major coin this week, falling less than Bitcoin and far less than XRP’s 8% slide.
Why is Solana holding up better than other coins?
Solana’s relative strength traces to its unique staking-enabled spot ETFs, which draw demand when non-yielding Bitcoin ETFs are bleeding, plus steady progress on its Alpenglow and Firedancer upgrades that reassure investors about the network’s future.
What makes Solana’s ETF different?
Among major assets, Solana’s spot ETFs launched with staking enabled, passing validator rewards to shareholders. This yield component makes them more attractive than Bitcoin or Ethereum ETFs, which offer no staking return, especially when institutions are pulling money from non-yielding products.
What are the key Solana levels to watch?
Immediate support is $66, with the $62 to $63 zone below it. On the upside, SOL needs to reclaim $72 to ease pressure, then the $78 to $85 zone to confirm a stronger bullish reversal.
Is Solana immune to the crash?
No. Solana is outperforming on a relative basis but remains in a downtrend, still down on the week and exposed to the same macro forces. If Bitcoin breaks toward $55,000, SOL would likely follow. Relative strength in a falling market still means falling, just less.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.
A set of four rare on-chain indicators tracked by hedge fund Hyperion Decimus has aligned for only the sixth time in bitcoin’s history, a pattern that previously coincided with market bottoms.Portfolio manager Chris Sullivan said bitcoin is likely either to break above a key $82,000 resistance level or fall to as low as $48,000 in a final capitulation within 90 days before a new uptrend can be confirmed.Sullivan argued that structural changes in U.S. spot bitcoin ETFs and improvements in onchain fundamentals are more important than bearish narratives, even as he maintains that the bear market pattern has not yet fully completed.Bitcoin BTC$59,249.85 could be approaching a major turning point after a rare combination of onchain indicators flashed signals that have historically coincided with market bottoms, according to Chris Sullivan, co-founder and portfolio manager at digital asset hedge fund Hyperion Decimus.
In a recent report, the hedge fund explained that four proprietary onchain signals have aligned only five times during bitcoin's 15-year history. Each previous occurrence marked a cycle bottom, although Sullivan cautioned that this time still lacks final technical confirmation.
"We have literally like every box checked, except for a final pattern," Sullivan said in an interview with CoinDesk. "Either we have to break above the $82,000 pivot to confirm, or we have one final low, call it between $54,000 and $57,000. Perhaps a wick to $48,000 to capitulate. One of those two conditions we expect to happen in the next 90 days."
If either scenario unfolds, Sullivan believes bitcoin could quickly diverge from broader financial markets. The crypto asset is trading at $59,386 after losing 23% over the past month, extending its divergence from U.S. equities, which had climbed to record highs before also coming under pressure this month.
The firm's outlook stands in contrast to cautious market sentiment following months of subdued price action. Many popular crypto voices online have voiced concern about the future of the largest crypto asset on the market.
Billionaire hedge fund manager Philippe Laffont earlier this week said he has become "a little bit more worried" about bitcoin's future, especially with increasing opportunities for risk investments. Last month, billionaire investor Mark Cuban said he sold most of his bitcoin as it failed to act as a hedge during geopolitical turmoil and dollar weakness.
But Sullivan argues investors have become too focused on narratives rather than market mechanics.
"Narrative is nothing more than people trying to explain why a condition exists or persists instead of asking the correct question, which is how," he said.
One of the biggest puzzles, according to Sullivan, is bitcoin's breakdown in its historical relationship with global liquidity.
He said bitcoin previously tracked changes in global money supply, or global M2, with a relatively high degree of correlation. That relationship has now diverged for roughly nine months, according to his data.
That disconnect extends beyond bitcoin, with Sullivan noting that precious metals have also failed to respond as historical macro relationships would suggest.
Instead of macroeconomics, he believes structural changes in crypto markets since the launch of U.S. spot bitcoin ETFs have altered price behavior and created a market structure that suppresses volatility by encouraging hedging activity.
Despite muted prices, Sullivan sees several fundamental indicators improving beneath the surface. He pointed to rising wallet activity, growing bitcoin holdings moving off exchanges and continued strength in network metrics.
"The backdrop of anybody who pays attention to on-chain for astute patient prudent capital for raw beta exposure, it's about as attractive a risk reward as we're going to see," he said.
Still, Sullivan stressed that he does not believe the bear market has definitively ended. "I do not think the bear market is over, because I'm looking at the fractals," he said. "I want to see a completed pattern. I do not see that yet."
Until bitcoin either reclaims key resistance near $82,000 or experiences what Sullivan views as a final capitulation, he expects investors to remain skeptical, even as the data increasingly points toward a potential turning point.
A set of four rare onchain indicators tracked by hedge fund Hyperion Decimus has aligned for only the sixth time in Bitcoin's history, a pattern that previously coincided with market bottoms. The development is drawing attention from investors watching for signs that the current cycle is nearing a resolution.
Two Paths, 90 DaysPortfolio manager Chris Sullivan says $BTC is likely either to break above a key $82,000 resistance level or fall to as low as $48,000 in a final capitulation within 90 days before a new uptrend can be confirmed.
Sullivan argued that structural changes in U.S. spot Bitcoin ETFs and improvements in onchain fundamentals are more important than bearish narratives, even as he maintains that the bear market pattern has not yet fully completed. He is particularly focused on what he sees as a shift in market mechanics since the launch of spot ETF products, arguing they have altered price behavior in ways that traditional macro frameworks do not capture.
One of the biggest puzzles Sullivan highlights is Bitcoin's breakdown in its historical relationship with global liquidity. He says $BTC previously tracked changes in global money supply, or global M2, with a relatively high degree of correlation, but that relationship has now diverged for roughly nine months according to his data.
Fundamentals Improving, But No All-Clear YetDespite muted prices, Sullivan sees several fundamental indicators improving beneath the surface, pointing to rising wallet activity, growing Bitcoin holdings moving off exchanges, and continued strength in network metrics.
Still, Sullivan stressed that he does not believe the bear market has definitively ended. "I do not think the bear market is over, because I'm looking at the fractals," he said. "I want to see a completed pattern. I do not see that yet."
Until Bitcoin either reclaims key resistance near $82,000 or experiences what Sullivan views as a final capitulation, he expects investors to remain skeptical, even as the data increasingly points toward a potential turning point.
This is not financial advice. Always conduct your own research before making investment decisions.
Sources:
CoinDesk: Quant fund says Bitcoin is near a major inflection point as rare onchain signals align
PANews June 25 news, according to SoSoValue data, the crypto market fell for the third consecutive day. The Meme sector plunged 13.75% in 24 hours, with MemeCore (M) down 67.51% and Pump.fun (PUMP) down 10.90%; the NFT sector dropped 9.99%, within which Audiera (BEAT), which had surged yesterday, fell 22.63%. Meanwhile, Bitcoin (BTC) fell 3.36%, briefly dipping below $60,000 during the session; Ethereum (ETH) dropped 3.35%, falling to around $1,600.
In other sectors, the CeFi sector fell 2.33% in 24 hours, with NEXO (NEXO) down 3.59%; the PayFi sector dropped 3.18%, with Dash (DASH) down 7.82%; the Layer 1 sector fell 3.07%, but Gram (GRAM) bucked the trend with a 1.46% gain; the Layer 2 sector fell 3.46%, but Optimism (OP) rose 3.83%. Additionally, the DeFi sector stood out, rising 1.69%, with Hyperliquid (HYPE) up 2.04%, o1.exchange (O) up 35.42%, and LAB (LAB) up 19.60%.
Bitcoin price slipped near the $59,000 level, marking its second major drop this month. This drop has led the BTC to fall more than 50% below its October peak.
So, what’s the key reason why Bitcoin is dropping?
MSTR Stock Crash, But Bitcoin Under Pressure One of the key factors behind Bitcoin’s decline is the sharp fall in MSTR Stock, which has dropped about 82% from its peak and recently hit a two-year low near $97, erasing more than $150 billion in market value.
Adding to the pressure, Strategy recently sold 32 BTC to help cover dividend payments, the company’s first known Bitcoin sale in years.
While it still holds 847,363 BTC, the move has raised concerns about its long-standing “never sell Bitcoin” strategy.
If MSTR continues to struggle, investors fear the company may need to rely on more share dilution, use additional cash reserves, or eventually sell more Bitcoin to meet financial obligations.
Liquidations and ETF Outflows Add More Selling PressureThe decline is not being driven by Strategy alone. According to CoinGlass, nearly 176,900 traders were liquidated over the past 24 hours, with total liquidations reaching $1 billion.
Long traders accounted for almost $800 million, while short liquidations totaled about $220 million. The single largest liquidation was a $12.2 million BTCUSDT position on Binance.
Institutional demand has also weakened. Spot Bitcoin ETFs recorded more than $900 million in net outflows this week, showing that large investors are pulling money out rather than adding fresh capital.
Can Bitcoin Recover?With market sentiment weakening and liquidity tightening, Bitcoin could face further downside before finding a strong bottom. Despite the recent decline, Bitcoin is still down about 50% from its all-time high, which is relatively modest compared to previous bear markets that saw drawdowns of 64% and 73%.
If those historical patterns repeat, Bitcoin may have more room to fall before the next major recovery begins.
Currently trading around $61,749, a move below $50,000 cannot be ruled out if selling pressure continues.
Story Ends Here
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