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Amid geopolitical risks such as US airstrikes on Iran and the closure of the Strait of Hormuz, Bitcoin performed steadily overall, holding the key $62,000 level, indicating that market selling pressure has eased. Last week, Bitcoin and Ethereum-related products recorded a combined net inflow of approximately $282 million, ending eight consecutive weeks of capital outflows. However, institutions believe this is more like a preliminary turning point signal and is not yet sufficient to confirm a trend reversal.
Odaily News According to on-chain tracking platform Arkham, the US government on Monday transferred a total of $288.33 million in seized BTC and ETH to Coinbase Prime, including approximately 3,800 BTC valued at $235 million and around 30,000 ETH valued at $53 million. The assets originated from criminal cases involving Brian Krewson, BTC-e, and Ryan Farace. Tim Sun, Senior Researcher at HashKey, stated that Coinbase Prime serves as the custodian for the US government, and it remains unconfirmed whether these transfers are preparation for sale or merely for the consolidation and custody of seized assets. Arkham tracking shows that the US government wallet still holds $20.6 billion in crypto assets, including 324,552 BTC. (Decrypt)
On-chain data shows that Bitcoin long-term holders are gradually transferring holdings to a new round of buyers. Glassnode's RHODL Ratio began to decline after reaching a historical second-high of 6.5 in early July and has now fallen below 6, but the Bitcoin price remains trading sideways around the $60,000 range, with no significant panic selling observed.
Cryptoquant indicates its 365-day PnL Index signal continues to decline, suggesting the current BTC cycle may not have reached its peak. BTC is currently trading at approximately $62,656, down about 50% from its all-time high of around $126,000 in October 2025. Cryptoquant’s bull-bear cycle indicator turned green on May 12, 2026, marking the first bullish signal since March 2023.Cryptoquant stated that the indicator produced a false positive in 2022, and the green signal itself does not guarantee a sustained upward trend. A whale purchased BTC worth $98.9 million at the June 5 low of $59,734, securing a profit of $3.5 million within two days as the market rebounded. BTC has since remained above $60,000 and was trading at approximately $62,550 at the time of writing. (Bitcoin.com News).
The key to the subsequent trend still lies in whether it can return above the break-even point; if a breakthrough is achieved, the market condition may shift; if it hits a new low, the extent of losses may deepen further.
According to data from Trader T (@thepfund), Bitcoin spot ETFs saw a net outflow of $425 million yesterday, marking one of the larger single-day net outflows recently. Major Outflows: • $IBIT (BlackRock): Outflow of $185 million • $FBTC (Fidelity): Outflow of $246 million • $GBTC (Grayscale): Outflow of $53.06 million Major Inflows: • $BTC (Grayscale Mini): Inflow of $53.38 million • $HODL (VanEck): Inflow of $6.14 million Products under Bitwise, Ark, Invesco, Franklin, Valkyrie, Morgan Stanley, WisdomTree, etc. all recorded zero net flow for the day.
CryptoQuant analyst Darkfost stated in a post on X that since Bitcoin reached its all-time high in October 2025, the cumulative net selling pressure on Meme coins listed on Binance has exceeded $1 billion, with a cumulative net trading volume reaching -$1.21 billion.Darkfost noted that this reflects significant selling pressure on high-risk assets within the cryptocurrency market, also indicating that the Meme coin sector has been notably impacted during the market correction. He also reminded investors that this sector carries a higher risk of capital loss.
According to monitoring by on-chain analysis platform Lookonchain (@lookonchain), the U.S. government wallet deposited 3,941 BTC (approximately $244 million) and 30,007 ETH (approximately $53.09 million) into Coinbase Prime over the past 8 hours, with a total transfer amount of approximately $297 million.
According to on-chain analyst Yu Jin monitoring, 5 hours ago, a US government address transferred 3,940.7 BTC and 30,007 ETH to Coinbase Prime, valued at $244 million and $53.09 million respectively, for a total value of $297 million. The US government address currently still holds approximately $20.5 billion in crypto assets, including 325,000 BTC, 145 million USDT, 28,000 ETH, and 62,000 BNB, valued at $20.2 billion, $145 million, $50.35 million, and $35.38 million respectively.
Odaily Strategy sold nearly $467 million worth of MSTR common stock last week but did not increase its Bitcoin holdings. Analysts believe this indicates that the company is implementing its recently proposed Digital Credit Capital Framework and beginning to prioritize strengthening its balance sheet, rather than solely pursuing short-term BTC accumulation.According to the latest filings, Strategy has increased its U.S. dollar cash reserves to $3 billion, while its Bitcoin holdings remain unchanged at 843,775 BTC. Both Benchmark and TD Cowen believe this move strengthens the company's balance sheet and helps boost market confidence in its preferred equity financing model.TD Cowen reiterated its "Buy" rating and $260 price target for Strategy stock, stating that this operation is an early signal of management executing the new capital allocation framework. The firm noted that Strategy's choice to expand dollar reserves and pause Bitcoin purchases demonstrates a greater emphasis on balance sheet discipline rather than maximizing short-term BTC accumulation.Benchmark also maintained its "Buy" rating with a $570 price target. On Monday, Strategy's stock price traded at approximately $91.50, near its long-term low. Overall, analysts believe that amid pressure on preferred equity financing tools like STRC and market focus on dividend coverage capacity, Strategy's increase in cash reserves may help alleviate investor concerns regarding a forced sale of BTC.
A wallet associated with the US government transferred 140.214 Bitcoins to Coinbase Prime after remaining dormant for about 4 years, valued at approximately $8.79 million at the time.
: Amid the escalating situation between the United States and Iran, Bitcoin continues to face pressure, with its price briefly approaching $62,000 as risk assets experience widespread selling pressure. Data shows BTC/USD is declining, and JDK Analysis notes that Bitcoin's current price trend is "very weak," with a large amount of short capital betting on further declines, potentially making the $60,000 area a market focus again.However, if new spot buying emerges and key support levels hold, a significant number of shorts could face a squeeze. Some traders remain bullish, with trader Roman pointing out that multiple technical indicators, including the current RSI and trading volume, suggest the market may be experiencing downside exhaustion. He believes Bitcoin still has the potential to rebound to the $70,000 to $75,000 range in the future.
Odaily Bitcoin has been declining since October last year, with its current price hovering around half of its all-time high of $126,000, indicating the market remains in a deep bear phase. Multiple industry analysts believe the current pressure on Bitcoin stems primarily from three factors: the four-year cycle, macroeconomic inflationary pressures, and market leverage liquidations.Matt Hougan, Chief Investment Officer at Bitwise, stated that Bitcoin's long-standing "four-year cycle" continues to influence investor psychology. Historically, Bitcoin typically undergoes approximately three years of an upward cycle followed by a one-year correction period. Investors have developed cyclical expectations and began reducing some long-term holdings towards the end of 2025.Additionally, the macroeconomic environment is a significant drag on Bitcoin. Zach Pandl, Head of Research at Grayscale, pointed out that rising inflationary pressures in the US have weakened market expectations for interest rate cuts. Investors are shifting towards higher-yielding traditional assets, leading to capital outflows from risk assets, including cryptocurrencies. The short-term bottom is estimated to be around $58,000, with future trends still influenced by interest rate policies, corporate Bitcoin buying behavior, and progress in US crypto regulatory legislation.Excessive market leverage has also exacerbated this correction. As a large number of investors expanded their Bitcoin exposure through borrowing and financing during the bull market, derivatives open interest has declined as the market weakened. Digital asset treasury companies have also come under pressure. Strategy's stock price has fallen approximately 75% since October last year, and its previously promoted model of corporate Bitcoin accumulation is facing renewed market scrutiny.However, some analysts remain optimistic about Bitcoin's prospects. Adrian Fritz, Chief Investment Strategist at 21Shares, predicts that Bitcoin may bottom out this summer, rebound after interest rates shift towards easing and geopolitical conflicts ease, with a year-end price target of $100,000. (Fortune)
: Matt Cole, CEO of Bitcoin treasury-listed company Strive, disclosed the latest accumulation operation. The company purchased 18 Bitcoins for $1.2 million this time, with an average purchase price of $64,028. After this increase, Strive's total Bitcoin holdings have reached 19,900.
Affected by the mutual airstrikes between the US and Iran over the weekend, market risk-off sentiment intensified. Bitcoin has fallen more than 1% since 00:00 UTC on July 13, hovering around $63,000. Meanwhile, Brent crude oil once rose more than 3%, amid market concerns over shipping risks in the Strait of Hormuz and the potential inflationary pressure.
According to a report released by CryptoQuant analyst maartunn, Binance's monthly futures trading volume has climbed to $1.6 trillion, the highest level this year. Despite the current Bitcoin price still hovering in the mid-$60,000 range, generally cautious market sentiment, and multiple headwinds such as the European MiCA regulatory adjustment period and the summer trading off-season, momentum in Binance derivatives trading has not subsided, indicating that traders are still actively establishing futures positions.
According to Bitcoin.com, Cape Town Mayor Geordin Hill-Lewis launched a nighttime special operation in conjunction with the Metropolitan Police Department, seizing multiple luxury vehicles using forged or unregistered license plates, with drivers all claiming to be cryptocurrency and forex "traders". Among them was a Mercedes-AMG GLE valued at over $153,000 (approximately 2.5 million South African rand), which was fraudulently registered as a white BMW. Authorities pointed out that such "financial influencers" are accustomed to flaunting wealth with luxury cars on social media platforms like TikTok, luring victims into investing in fraudulent platforms. A report released in March had previously identified Cape Town and Johannesburg as hubs for organized crypto fraud, where criminal groups employ technologies such as deepfakes and cloned apps to commit fraud, and illicit funds are laundered through crypto wallets and physical assets. To address increasingly complex financial crimes, the mayor has established an independent Metropolitan Police Detective Unit to enforce the law independently, bypassing the under-resourced national police system.
: Cape Town Mayor Geordin Hill-Lewis recently participated in a municipal police night operation targeting individuals claiming to be cryptocurrency and forex traders who were driving luxury vehicles with fake or no license plates. During the operation, police seized a silver Mercedes-AMG GLE, falsely registered as a white BMW and valued at over $153,000, and arrested a driver of an unregistered BMW 3-Series. Local officials stated that fraudulent crypto syndicates use TikTok to display assets and employ luxury cars as status symbols to lure victims into fake investments. A report released in March revealed that corporate fraud centers operated by international crime syndicates have formed clusters in Cape Town and Johannesburg, using deepfakes, cloned apps, and fake investment platforms to commit fraud. The illicit funds are typically laundered through crypto wallets, money mules, and physical assets such as unlicensed high-end vehicles. (Bitcoin.com News)
OdailyOdaily Planet Daily reports that according to Lookonchain monitoring, one trader opened a 20x leveraged short position on 30,000 ETH, worth $53.49 million; the trader previously closed three long positions in BTC, ETH, and SOL, all profitable, with total profits of $444,000. Another trader opened a 10x leveraged long position on 30,000 ETH, worth $53.49 million; this trader has closed eight trades, with six being profitable, resulting in a win rate of 75% and total profits of $3.1 million.
Following a 1:15 reverse stock split to maintain its Nasdaq listing, American Bitcoin, the Trump family's Bitcoin mining company, has seen its stock price drop 95% from its all-time high. Over the past 10 months, the book value of the approximately 6% stake held by Donald Trump's second son, Eric Trump, has shrunk by over $600 million. Data shows ABTC reported an operating loss of $118.2 million in the first quarter, with the vast majority attributed to Bitcoin impairment losses. The company recently added approximately 500 BTC, bringing its balance sheet Bitcoin holdings to over 8,000. If its financial situation worsens further and it cannot sustain external financing, there may be a potential risk of forced selling. The reverse stock split signals that the company faces the risk of delisting, which could further exacerbate stock selling and force the company to sell part of its Bitcoin assets to meet debt obligations.