BTC slides as Bitcoin ETFs bleed $696M amid sticky 3.4% PCE
A six-day spot ETF redemption streak worth $696M on June 25, colliding with sticky 3.4% core PCE, has analysts arguing the cycle floor may not be in yet.
Live BTC, ETH, and altcoin price moves, support and resistance levels, breakouts, and chart patterns.
A six-day spot ETF redemption streak worth $696M on June 25, colliding with sticky 3.4% core PCE, has analysts arguing the cycle floor may not be in yet.
Weak quarterly expiry volumes and a put-call ratio below 1 on both legs leave the structural read unchanged: desks are hedging, not chasing, while persistent spot ETF and Strategy selling pressure…
The call leans on "permanent holders" arriving in size, with BTC at $111K and ETH near $2,300 framing the setup as a re-entry point rather than a top.
The bounce is shallow and the derivatives tape is pointing lower: open interest jumped 6% into the dip, Deribit puts trade at a 30% premium, and $1B in leveraged longs were wiped out in 24 hours.
The max-pain magnet at $72K didn't pull: ~80% of $10.6B in notional expired worthless, confirming spot flow, not the options book, is driving BTC price into the next leg.
The headline figure is the unrealized loss, but the structural cost is what a wider STRC discount does to the equity-at-premium flywheel that funded every prior BTC buy.
The mid-June difficulty cut confirmed a thesis the floor argument never wanted to accept: Bitcoin can trade well below average cost and the network keeps running, with public miners dumping treasury…
The average IBIT holder is now deeper underwater than at any point since launch, and the entry-timing damage is concentrated in the same retail cohort the product was designed to onboard.
Brad Garlinghouse called Strategy's preferred-share machine 'financial engineering,' pointing to STRC's slide to a record low as bitcoin slipped under $59,000 and even XRP's own CEO turned bearish on…
The ex-dividend date is mostly noise at under 0.7% of share price; the monthly rate reset, with effective yield already near 15%, is where investors are looking for signal on Strategy's capital stack.
The wallets bought at ~$830 in 2017 and watched profits top $150M without selling; capitulating now at less than a fifth of that unrealized peak is a striking behavioral data point for cycle analysis.
The 5,000 ETH inflow is small against Sharplink's 876,285-coin stash, but the timing crystallises the bet: keep buying while the average cost sits more than 2x above spot.
The Rosen Law Firm investigation lands on the same day spot BTC ETFs bled $3B, putting the largest corporate bitcoin holder back in courtroom crosshairs while its stock leads the sector lower.
BTC's brief dip dragged aggregate crypto value under the $2T mark, with top-10 altcoins taking double-digit hits and the heaviest losses concentrated in lower-liquidity names.
The $5.3B real estate firm's pitch lands while Strategy trades below its BTC holdings, framing rental cash flow as a debt-free alternative to the corporate treasury playbook.
Stablecoin market cap overtaking Ether's fully diluted value is a structural reminder of where liquidity actually sits in crypto: USDT and BTC, not the L1 majors investors keep calling the next big…
It is the direction, duration and composition of the flow that moves BTC, not the headline number on any single day.
A $1B+ liquidation cascade hit the market in 24 hours, the Fear & Greed Index collapsed to 13, and Strategy's $13B BTC paper loss is now bigger than the entire market cap of most major tokens.
The 90-day moving average of XRP's price against Bitcoin keeps falling as the ratio compresses toward $1 of BTC per 1,000 XRP, a level not seen in nearly four years.
ARK Invest-backed Solmate has lost essentially its entire market cap since rebranding from Brera Holdings, with a board self-dealing lawsuit now layered on top of the drawdown.