News

According to PANews, data disclosed by HODL15Capital on the X platform reveals that BlackRock's Bitcoin Exchange-Traded Fund (ETF), IBIT, has increased its Bitcoin holdings for nine consecutive weeks. The total accumulation amounts to approximately 107,139 BTC. This includes an addition of 12,355 BTC this week, 11,678 BTC a week ago, 10,335 BTC two weeks ago, 616 BTC three weeks ago, 5,271 BTC four weeks ago, 22,359 BTC five weeks ago, 8,158 BTC six weeks ago, 10,415 BTC seven weeks ago, and 25,952 BTC eight weeks ago.

Overall Market Source: TradingViewThe above chart is the BTC price in the 8H candle chart at a log scale.In our previous report dated June 19, we highlighted the disconnect between strong capital inflows from ETFs and enterprises adding Bitcoin to their balance sheets, and the narrow trading range exhibited by Bitcoin’s price. The muted volatility and lack of clear directional momentum raised our analysts’ concerns regarding Bitcoin’s near-term performance. We recommended two trading strategies under different scenarios: buying at support levels and selling at resistance levels.Last Friday, following missile launches by Iran, the market experienced a sharp decline amid escalating geopolitical tensions. Bitcoin moved in tandem with other risk assets and closed lower on Friday. Over the weekend, while traditional markets were closed, the crypto market continued to operate 24/7. Market sentiment was fully reflected in Bitcoin’s price, which briefly dropped below $100,000 on June 22 after US President Trump confirmed that US military forces had destroyed three nuclear facilities in Iran. This military action caused some investor fears of a broader conflict between Iran and the US/Israel, and the risk-off sentiment pushed Bitcoin below its strong support level at $100,000, dipping into the $98,000 range. As we have emphasized previously, the $100,000 level remains a critical support zone, and Bitcoin quickly rebounded above this threshold as a result.Although Bitcoin snapped below $100,000 again on Monday following Iranian missile strikes on US military bases, market sentiment shifted bullish after Iran and Israel agreed to a ceasefire.Currently, Bitcoin is trading near the upper boundary of a bear flag pattern, as shown in the chart above. Our desk has observed over $1.4 billion in capital inflows into Bitcoin over the past three days; however, the price has failed to sustain bullish momentum and break out of this bear flag formation. This sets up a binary scenario for the coming days:Bullish Scenario: Bitcoin breaks above the downward trendline resistance of the bear flag, triggering follow-through buying and a potential surge toward the $112,000 level.Bearish Scenario: Market sentiment turns negative, and Bitcoin faces strong resistance around the $109,000 range, leading to a gradual decline back toward the $104,000 level over the weekend.Looking ahead, the Personal Consumption Expenditures (PCE) price index data is scheduled for release this Friday. Following Fed Chair Powell’s testimony earlier this week, the market expects inflation to show limited immediate impact from tariffs, with effects becoming more apparent from June onward. Our desk believes that any Federal Reserve interest rate cuts will be more closely tied to developments in the US labor market rather than inflation metrics. Additionally, the US reciprocal tariffs have been paused by President Trump for 90 days, with the deadline approaching on July 9. We anticipate increased market volatility as this deadline nears.Our desk remains cautiously neutral on Bitcoin’s near-term price action. While significant capital inflows suggest underlying buying interest, the inability of the price to break key resistance levels signals persistent selling pressure. Traders should prepare for heightened volatility, with potential for either a breakout to the upside or a retracement toward support levels depending on evolving market sentiment and macroeconomic developments.Bitcoin ETF TrackerThe above table is the BTC spot ETF net inflow data in the past five trading sessions.Since Monday, June 23, Spot Bitcoin ETFs have recorded over $1.4 billion in inflows, marking 12 consecutive days of net capital inflow despite the heightened geopolitical tensions experienced last Friday and over the weekend. Over the past 12 trading sessions, a total of $3.5 billion has flowed into Bitcoin and related digital asset classes, with the BTC price moving modestly from $105,000 to $106,000.Amid escalating geopolitical tensions in the Middle East during the weekend, Bitcoin’s price briefly dipped below $100,000 but quickly rebounded to around the $104,000 level. This decline followed missile launches attributed to Iran last Friday, which initially triggered the price drop.The strong capital inflows coupled with relatively muted price movement have heightened our analysts’ concerns regarding Bitcoin’s near-term performance. The disconnect between significant buying pressure and stagnant price action suggests that sellers currently dominate the market. Should the price continue to trade sideways despite sustained large ETF inflows, our analysts anticipate a surge in volatility, potentially leading to an explosive move in Bitcoin’s price.Macro at a glance Last Thursday (June 19, 2025)Australia reported a surprising decline in employment for May, with a drop of 2,500 jobs, contrary to analysts’ expectations of an increase of 20,600. The unemployment rate remained steady at 4.1% for the month.The Bank of England announced its interest rate decision, maintaining the policy rate at 4.25%. Governor Andrew Bailey signaled that a potential rate cut could occur as early as August, citing recent data that points to a weakening labor market.Last Friday (June 20, 2025)UK retail sales for May fell unexpectedly, registering a 1.3% year-over-year decline instead of the anticipated 1.7% increase. Core retail sales also decreased by 1.3%, missing the forecasted 1.8% growth.Monday (June 23, 2025)The US S&P Global Manufacturing PMI for June was revised upward from 51.1 to 52.0, while the Services PMI was also revised higher from 52.9 to 53.1. These upward revisions reflect growing optimism among purchasing managers regarding the US economic outlook following recent tariff uncertainties.Tuesday (June 24, 2025)The US Consumer Confidence Index, as reported by the Conference Board, declined sharply from 98.4 in May to 93.0 in June, falling short of the forecasted 99.4.Federal Reserve Chair Jerome Powell delivered his semiannual testimony to Congress, reiterating a cautious “wait and see” stance on future interest rate adjustments.Wednesday (June 25, 2025)Chair Powell continued his testimony, noting that the impact of tariffs is expected to become more apparent from June onward. He also emphasized that the Federal Reserve still has some room to go with its balance sheet reduction.Why trade OTC?  Binance offers our clients various ways to access OTC trading, including chat communication channels and the Binance OTC platform (https://www.binance.com/en/otc) for manual price quotations, Algo Orders, or automated price quotations via Binance Convert and Block Trade platform (https://www.binance.com/en/convert) and the Binance Convert OTC API. Join our Telegram Channel (@BinanceOTCTrading) to stay up to date with the markets!

Key Takeaways:Bitcoin rebounded above $107K after a volatile weekend sparked by Middle East tensions.Ethereum lagged behind, while BTC dominance remained high at ~66%.Altseason remains elusive as capital fails to rotate into smaller altcoins.Trump’s criticism of Fed Chair Powell pressured the US dollar, contributing to crypto strength.Analysts eye rate cuts and macro liquidity as potential catalysts ahead.Crypto Markets Stabilize After Middle East Tensions; Bitcoin Outperforms EthereumCryptocurrency markets faced sharp weekend volatility as geopolitical tensions flared between Iran and Israel, sending Bitcoin as low as $98,000. However, by midweek, BTC had reclaimed key support and now trades above $107,000, highlighting its resilience amid global uncertainty. Ethereum followed a similar trajectory but showed deeper downside and a weaker recovery.According to Binance Research, Bitcoin dropped 8.5% from Saturday to Monday before rebounding strongly, while Ethereum fell 17% before partially recovering. Despite the volatility, Bitcoin’s market dominance remained elevated, closing the week at approximately 66%.A BlackRock study cited by Binance Research noted Bitcoin’s historic strength after geopolitical events, averaging a 37% gain in the 60 days that follow. Whether this trend continues depends on macro conditions, including inflation, liquidity, and investor sentiment.Altcoin Season Delayed as Token Supply Dilutes Market RotationDespite Bitcoin’s recovery and a broader market rebound, altcoins have yet to experience a decisive breakout. Analysts point to a key structural shift: while Bitcoin wealth typically spills into altcoins during consolidation phases, the current cycle is diluted by a flood of new tokens and lack of fresh narratives.Data from Dune Analytics shows the number of unique crypto tokens has surged nearly 10x over the past three years across eight major blockchains. This oversupply may be stalling capital rotation, weakening the typical “rising tide lifts all boats” phenomenon seen in previous bull runs.Binance Research notes that unlike previous cycles driven by ICOs or DeFi innovations, the current market lacks a dominant theme. Concepts like meme coins, BitcoinFi, and DePIN are largely iterations of earlier trends. While AI has generated buzz, its real impact on crypto remains limited.Trump-Fed Tensions Shake the Dollar, Support Crypto RallyThe U.S. Dollar Index (DXY) dropped to a three-year low after President Donald Trump publicly criticized Federal Reserve Chair Jerome Powell for not cutting rates. Trump hinted at replacing Powell before his term ends and is reportedly considering several candidates.Fed officials remain split. While Powell adopted a cautious tone during testimony, Trump-appointed members Michelle Bowman and Christopher Waller suggested cuts could come as early as July. The mixed signals have triggered uncertainty in traditional markets but lent strength to crypto and risk assets.As of Friday, U.S. 10-year Treasury yields had fallen to 4.27%, and the VIX volatility index dropped 20% to 16.8 — its lowest since February. These shifts have boosted sentiment across equities and crypto alike.Bitcoin Cements Role as Macro Hedge, but Liquidity Eyes Are on AltcoinsWith Bitcoin dominance holding strong and equities near all-time highs, the crypto market appears to be stabilizing. However, investors remain watchful for a potential altcoin breakout. Analysts suggest that without a strong narrative or unique catalyst, altseason may remain on hold.Looking ahead, all eyes are on upcoming macro data, including inflation readings and central bank moves. Should monetary conditions ease further or ETF inflows persist, Bitcoin may continue to lead — but the broader altcoin market still needs a spark.

According to Foresight News, data from SoSoValue indicates that Bitcoin spot ETFs experienced a total net inflow of $501 million on June 27, Eastern Time.The Fidelity ETF FBTC led the inflows with a single-day net inflow of $166 million, bringing its historical total net inflow to $11.961 billion. Following closely, the Blackrock ETF IBIT recorded a net inflow of $153 million, with its historical total net inflow reaching $52.309 billion.As of the time of reporting, the total net asset value of Bitcoin spot ETFs stands at $133.17 billion, with an ETF net asset ratio of 6.25% relative to Bitcoin's total market capitalisation. The cumulative historical net inflow has reached $48.872 billion.

According to PANews, Bitcoin Treasury Corporation, a company listed in Canada, has announced the completion of the initial phase of its Bitcoin acquisition plan. The company has purchased 478.57 Bitcoins at a total cost of 70 million Canadian dollars, approximately 51.16 million U.S. dollars. Currently, the company holds 771.37 Bitcoins on its balance sheet. This acquisition is part of a broader strategy to enhance long-term shareholder value.Previously, Bitcoin Treasury Corporation, listed on the Toronto Stock Exchange, completed its first purchase of 292.8 Bitcoins.

According to Foresight News, Ric Edelman, chairman of the Digital Assets Council of Financial Advisors, suggested in an interview with CNBC that investors should allocate 10% to 40% of their investment funds to cryptocurrencies. This marks a significant increase from his recommendation of 1% four years ago.Edelman explained that uncertainties surrounding the U.S. government's stance on Bitcoin, the potential obsolescence of the technology, and the acceptance by consumers and institutions have been resolved. He noted that Bitcoin's price movements are not synchronized with those of stocks, bonds, gold, oil, or commodities, highlighting the unique return opportunities offered by the crypto asset class compared to almost any other asset category.

On Jun 28, 2025, 01:46 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 107,000 USDT benchmark and is now trading at 107,015.726563 USDT, with a narrowed narrowed 0.06% decrease in 24 hours.

On Jun 27, 2025, 17:30 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 107,000 USDT and is now trading at 106,968.40625 USDT, with a narrowed 0.36% decrease in 24 hours.

According to Odaily, Arkham revealed on the X platform that BlackRock has purchased $1.15 billion worth of Bitcoin this week. This acquisition has pushed BlackRock's total Bitcoin holdings to a record high of $77.7 billion.

According to BlockBeats, Strategy is currently dealing with at least five lawsuits accusing the company of securities fraud related to its Bitcoin treasury management. Legal experts informed Decrypt that the number of such lawsuits is not unusual, as law firms often compete for control over consolidated class-action lawsuits to maximize their potential earnings. In these cases, law firms typically file separate lawsuits until a judge appoints a lead plaintiff and consolidates the cases. The allegations against Strategy involve claims that the company issued "substantially false and misleading" public statements, which misled investors about the expected profitability and risk assessment of its Bitcoin purchases. The lawsuits stem from Strategy's first-quarter acquisition of Bitcoin worth $7.7 billion, which resulted in an unrealized loss of $6 billion due to a decline in Bitcoin prices.

According to Odaily, asset management firm Calamos has announced the introduction of three Bitcoin exchange-traded funds (ETFs) designed to offer downside protection for investors. The ETFs are named Calamos Bitcoin Structured Alt Protection ETF, Calamos Bitcoin 90 Series Structured Alt Protection ETF, and Calamos Bitcoin 80 Series Structured Alt Protection ETF. These funds plan to invest in U.S. stock benchmark indices and Bitcoin, with trading expected to commence on July 8.

According to Odaily, Bitcoin miners have seen their revenue drop to the lowest level since April, with daily earnings falling to $34 million. Despite the decline in profitability, there are no signs of forced selling as miner wallet outflows remain low. Additionally, Bitcoin mining companies are increasing their reserves, indicating a long-term strategy in the current low-price environment.

According to PANews, Bitcoin's growth in June was limited to approximately 2%, marking the lowest monthly increase since July of last year. Despite a net inflow of $3.9 billion into U.S. spot ETFs over several weeks, both large-scale investors and smaller holders have shown a tendency to sell, leading the market into a consolidation phase. On-chain data indicates a slowdown in profit-taking activities, with current market sentiment leaning towards caution.

According to BlockBeats, data from CryptoQuant reveals that Bitcoin long-term holders have increased their holdings by 800,000 BTC over the past 30 days, marking the highest monthly increase on record. This significant accumulation has only occurred six times before, including in July 2021 and September 2024, both of which were followed by substantial price surges. The cost basis for long-term holders is concentrated between $95,000 and $107,000, while short-term holders have an average cost of $93,000. There is a noticeable divergence in Bitcoin holding patterns, with long-term holders now accounting for 68% of the circulating supply. Miners from the "Satoshi era" have sold only 150 BTC in 2025, indicating a strong reluctance to sell.

According to Foresight News, renowned analyst Willy Woo shared a tweet indicating that Bitcoin liquidity has experienced a meaningful expansion for the first time in June after reaching its peak. This development marks a notable shift in the cryptocurrency market, suggesting potential implications for future trading and investment strategies.

On Jun 27, 2025, 07:41 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 107,000 USDT and is now trading at 106,984.648438 USDT, with a narrowed 0.90% decrease in 24 hours.

According to Foresight News, The Wall Street Journal reports that Bhutan's Bitcoin reserves are currently valued at approximately $1.3 billion, making up nearly 40% of the country's GDP. Bhutan intends to hold these reserves for the long term. While the government does not plan to construct new mining facilities, it aims to upgrade existing ones. Bhutan began utilizing hydropower for Bitcoin mining in 2020 and now ranks third in government-held Bitcoin reserves.

According to PANews, Canadian publicly traded company Belgravia Hartford Capital Inc. has announced the completion of its second $1 million installment withdrawal under an agreement with Round13 Digital Asset Fund L.P. The agreement allows for a credit line of up to $5 million to be provided to the company in one or more installments. All funds withdrawn under this credit line, including the latest installment, are designated for purchasing Bitcoin through Coinsquare's regulated over-the-counter trading desk. Following the completion of the second installment, Round13 DAF has provided a total of $1.5 million to the company under the credit line.

According to PANews, Bitcoin Treasury Corporation has successfully listed on the Toronto Stock Exchange's Venture Exchange, marking a significant milestone for the financial company. The firm completed the issuance of 426,650 shares, raising a total of $125 million through previous financing transactions.Following the completion of its fundraising efforts, Bitcoin Treasury Corporation announced its first major acquisition of Bitcoin, purchasing 292.8 BTC for CAD 43,127,353. This acquisition has been added to the company's balance sheet, signaling the official commencement of its BTCT Bitcoin accumulation strategy.

According to Binance Market Data, Bitcoin (BTC) dropped below 107,000 USDT and is now trading at 106,993.25 USDT, with a 0.45% decrease in 24 hours.