Bitcoin eyes PCE print as $10B options expiry looms
The macro print sets the impulse, the quarterly Deribit expiry decides whether it gets pinned or amplified, and roughly 80% of open interest is already out of the money after June's slide.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The macro print sets the impulse, the quarterly Deribit expiry decides whether it gets pinned or amplified, and roughly 80% of open interest is already out of the money after June's slide.
2.3K $BTC (≈144.8M) moved from Coinbase Institutional to unknown new wallet.
1K $BTC (≈63.5M) moved from unknown wallet to #Coinbase.
2.3K $BTC (≈144.7M) moved from unknown wallet to Coinbase Institutional.
Galaxy Research frames the current 49% drawdown from Bitcoin's cycle high as mild by historical standards, where prior cycles bled 70% to 90% before bottoming.
The third-largest 24-hour liquidation event in crypto perps, behind only BTC and ETH, signals leverage built fast as private-market exposure went on-chain.
The one-day prints are ugly, but the seven-day tally tells the worse story: spot BTC ETFs have now shed 5,722 BTC in a week, the largest sustained outflow since launch.
Nearly 7M BTC sit in addresses whose public keys are already on-chain, and the White House just compressed the post-quantum migration timeline to five years for civilian agencies.
The single largest opening-session drawdown since the 2020 Covid shock, and the speed of the move is forcing cross-asset de-risking before US macro data lands later this week.
The bank now sees two Fed hikes in 2026, reversing its earlier easing call, and flags $6B in six-week spot ETF outflows as the structural pressure point for the next leg.
818 $BTC (≈50.8M) moved from Coinbase Institutional to unknown wallet.
1.7K $BTC (≈104.9M) moved from #Binance to unknown wallet.
A brand-new address sweeping nine figures of BTC out of an exchange is the kind of flow that turns into a post-mortem chart a week later: either an OTC desk cold-stacking, or a buyer who didn't want…
The BTC reserve is intact and unencumbered, so there is no forced sale. The strain is structural: a $1.7B annual dividend, a 2027–2028 put wall, and an ATM that stopped working.
BTC products bled in 11 of 14 June sessions and ETH added another $200M in outflows, while $74M of total altcoin inflow looked less like a rotation than a thin floor of category-specific conviction…
The orders target quantum technology investment and national-security leadership, a policy push that intersects with concerns over Bitcoin and crypto's long-term cryptographic foundations.
The 200WMA at $62,400 is the line everyone watches, but every prior cycle bottom formed just under realized price, and whale cohort cost basis sits in the $49K to $54K band.
Across the full slate of US spot Bitcoin ETFs tracked by Glassnode, the 7-day moving average of aggregated flows has stayed at or below zero for roughly five weeks, a stretch that points to a stalled…
815 $BTC (≈50.8M) moved from Coinbase Institutional to unknown wallet.
A $1.7T asset manager is putting its own capital into actively managed crypto strategies and folding in the CoinFund-era team, the clearest signal yet that institutional allocators are moving from…
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Bitcoin eyes PCE print as $10B options expiry looms" — read at /en-US/a/bitcoin-eyes-pce-print-as-10b-options-expiry-looms.