News linked to both this project and an event.
According to CryptoQuant analyst MorenoDV_, abnormal surges in trading volume in the Bitcoin market typically precede significant price re-pricings and serve as a key “footprint” signaling large-capital inflows. In the current cycle, the relative weight of spot trading volume has been diluted by ETFs and derivatives; while some institutional capital flows in via regulated channels, a sudden surge in spot volume still reflects genuine chip transfer, accumulation, or distribution activity. Derivatives trading volume has become the core mechanism driving volatility transmission. Its anomalies are often accompanied by liquidity sweeps and leverage resets, indicating that “smart money” is leveraging futures and perpetual contracts to position itself ahead of time. Analysts note that abnormal volume clustering occurred prior to multiple critical turning points between 2024 and 2026; when prices are compressed or uncertain, such abnormal volume expansion typically signals the imminent onset of a larger-scale directional move.
Bitget PoolX will soon launch the o1.exchange (O) project. Users can stake BTC to share 350,000 O tokens, with a maximum individual staking limit of 50 BTC. The staking window will be open from 20:00 on June 25 to 20:00 on July 2 (UTC+8). Additionally, users whose net BTC deposits are positive during the campaign period will receive a 2% BTC savings interest-boosting coupon upon campaign completion. First-time PoolX participants who meet the net deposit requirement will receive a 10% BTC interest-boosting coupon. Net deposits will be calculated from 18:00 on June 24 to 18:00 on July 1 (UTC+8). For more details, please refer to the official Bitget platform.
According to on-chain analyst Onchain Lens (@OnchainLens), the whale address “0xEe0” has again withdrawn 40,000 HYPE tokens (approximately $2.48 million) from Gate. Its current total holdings stand at 537,200 HYPE tokens, valued at approximately $33.41 million—indicating a clear trend of continued accumulation. Additionally, BlackRock deposited 2,400 BTC (approximately $149.6 million) and 38,337 ETH (approximately $63.38 million) into Coinbase, totaling roughly $213 million.
According to Digital Asset, South Korea’s Tax Tribunal recently decided to conduct a new investigation into a case where Bitcoin transferred from a spouse’s overseas exchange account to the taxpayer’s domestic account was classified as a “gift” and taxed accordingly. In the case, the taxpayer argued that the Bitcoin in question originally belonged to them and was merely routed through their spouse’s account due to travel-related regulatory restrictions; furthermore, the Bitcoin remained in the spouse’s account for only a short period and thus should not be considered a gift.
According to Odaily, spent transaction data shows that the multiple rounds of profit-taking that drove the market in 2024 and 2025 are weakening. As selling pressure from on-chain early holders and ETFs eases, a structural bottom for Bitcoin may be forming.
CryptoQuant analyst DarkFost stated that data shows long-term Bitcoin holders (“OGs”)—those holding BTC for over five years—exhibited significant movement and potential selling activity during this cycle. The 90-day moving average of Spent Transaction Output (STXO) reached cyclical peaks in May 2024, February 2025, and September 2025. The indicator has now declined to 962 BTC—the lowest level since November 2024—suggesting these investors are increasingly inclined to hold amid current price levels, thereby easing market sell-side pressure.
Bitcoin further declined toward $62,000 on Tuesday, continuing its weakvolatility amid a sixth consecutive week of spot ETF outflows, a hawkish shift in macro interest rate expectations, and pressure from quarter-end options expiration. Ethereum fell below $1,700 on the same day, with both BTC and ETH retreating nearly 20% over the past 30 days.This week's market pressure primarily stems from two key factors. First, the Federal Reserve maintained interest rates at 3.50% to 3.75% during the June 18 FOMC meeting, but the statement noticeably reduced dovish language, and the dot plot shifted from previously hinting at rate cuts to suggesting rate hikes. Among the 18 officials, 9 now expect at least one rate hike this year, and the probability of a December rate hike has significantly increased compared to a month ago.Second, geopolitical risks have once again disrupted the market. The previous expectation of a US-Iran ceasefire had pushed Bitcoin above $67,000, but the situation broke down during the signing ceremony on June 19, with Iran withdrawing from negotiations. Due to the crypto market's 24/7 trading, Bitcoin was the first to reflect this shock.Additionally, Deribit is set to see approximately $10.6 billion in options expire on June 26, further intensifying the quarter-end market观望 sentiment. Analysts believe that current leverage has been largely cleared, and market positioning is defensive. However, the next directional move still depends on Thursday's PCE inflation data and whether spot ETF fund flows can turn positive again.
According to on-chain analyst Ember monitoring, Hyperliquid's largest long position, held across 7 addresses, amounts to $415 million in long contracts, currently facing an unrealized loss of $91.46 million.The position includes 120,000 ETH ($271 million) and 2,000 BTC ($144 million), with an entry price of $2,261 for ETH and $72,134 for BTC. The actual leverage ratio is not excessively high; the liquidation price for ETH is approximately $1,160, and for BTC, around $47,000.
According to CoinDesk, Bitcoin is currently testing its 200-week moving average (200WMA) near $62,400. If this support level breaks down, market focus may shift to the Realized Price—approximately $53,457. The Realized Price represents the network-wide average on-chain cost basis of all Bitcoin holdings. Historically, Bitcoin briefly dipped below this level before establishing cyclical bottoms during the 2011, 2015, 2018–2019, March 2020 crash, and the 2022 bear market. When market prices fall below investors’ average cost basis, it often triggers panic selling and extreme pessimism. From a holdings-structure perspective, “whales” holding between 10,000 and 100,000 BTC have an average cost basis of roughly $54,300, while “super whales” holding over 100,000 BTC have an average cost basis below $49,000. If large holders tend to defend prices near their cost bases, the bear-market bottom could form within the $50,000–$54,000 range. In contrast, retail investors holding less than 1 BTC have an average cost basis below $48,000—meaning they would remain profitable even if prices decline further.
According to Wintermute’s market weekly report, a significant macroeconomic shift occurred during the week ending June 22: The U.S. Federal Reserve held its benchmark interest rate steady at 3.50%–3.75%, but its statement adopted markedly tighter language—removing all references to accommodative policy. The median dot-plot projection rose from 3.4% to 3.8%, and 17 of the 18 FOMC members assessed inflation risks as skewed upward. The probability of a December rate hike surged from roughly 24% one month earlier to approximately 77%. Meanwhile, the Iran nuclear deal—originally scheduled for signing on June 19—collapsed following Israeli airstrikes on Lebanon, prompting Iran to withdraw from negotiations. Qatar is now attempting to extend talks until the end of June. With U.S. equity markets closed for Juneteenth, they failed to react promptly; crypto markets bore the brunt first—BTC peaked near $67,000 midweek before retreating to around $62,000, posting a weekly decline of 3.8%; ETH once again fell below $2,000, dropping into the mid-$1,700 range, down 1.2% for the week; over the weekend, approximately $600 million in long positions were liquidated, while less than $90 million in short positions were cleared—highlighting persistent leverage imbalance. Wintermute noted that the narrative of forced selling by “Strategy” players has dissipated (net BTC purchases totaled 1,587 BTC between June 8–14), yet marginal demand from both ETFs and Strategy participants has clearly weakened compared to prior periods. Capital inflow channels remain unopened, and the market is stabilizing primarily under light positioning and low leverage.
according to on-chain analyst Ai Yi's monitoring, F2Pool co-founder Wang Chun (@satofishi) has increased his positions by $4.57 million in BTC and ETH over the past 24 hours. He withdrew 50 WBTC at $62,260 and 822.51 ETH at $1,771.89.
according to Onchain Lens monitoring, over the past 4 hours, a whale opened a long position on 27.9 million XRP with 20x leverage, valued at $30.9 million. The same whale also holds a long position on 809.9 BTC with 20x leverage, valued at $50.6 million, and is currently facing an unrealized loss of over $2.6 million.
According to Trader T (@thepfund), yesterday’s Bitcoin spot ETF saw a net outflow of $68.19 million.
Gaah, an analyst at CryptoQuant, stated that the Bitcoin cycle momentum indicator has yet to break above the neutral zone of 0, suggesting the bear market phase has not yet ended. The indicator has declined to around −30—a level historically associated with the formation of cyclical bottoms and has repeatedly served as a key support level for Bitcoin. However, to confirm a trend reversal, price must form a bullish pattern while the indicator breaks above the neutral zone.
According to Lookonchain, trader 0x50b3 has opened a new 20x leveraged long position of 1,653.8 BTC, valued at approximately $105.77 million at the current price.
According to on-chain analyst Ember's monitoring, two whales opened long positions on BTC today, with a total position value of $175 million. One whale went long 1,654 BTC, with a position value of $105 million, at an entry price of $64,130. The position is currently showing an unrealized loss of $500,000, with a liquidation price of $59,076. The other whale went long 1,100 BTC, with a position value of $70.2 million, at an entry price of $64,508. This position is currently showing an unrealized loss of $750,000, with a liquidation price of $61,723.
According to Onchain Lens monitoring, trader James Wynn has recently faced repeated liquidations. His 40x-leveraged short Bitcoin position was again partially liquidated.
: According to on-chain analyst EmberCN, Strategy (MSTR) purchased 520 BTC last week at a price of approximately $67,068, valued at $34.87 million. The company currently holds a total of 847,363 BTC, worth approximately $55.01 billion, with an average cost price of $75,651, resulting in an unrealized loss of $9.093 billion.Bitmine (BMNR) purchased 52,203 ETH last week at a price of approximately $1,751, valued at $91.43 million. The company currently holds a total of 5,672,956 ETH, worth approximately $10.007 billion, with an average cost price of $3,407, resulting in an unrealized loss of $9.32 billion.
According to on-chain analyst ZachXBT, the address (0xff57...5d22) linked to the $575 million Hashflare investment fraud case transferred 10,600 ETH (approximately $18.5 million) about three hours ago—after remaining dormant for 3.5 years. The two Estonian founders of the scheme, Sergei Potapenko and Ivan Turogin, pleaded guilty in 2025 and forfeited approximately $450 million in assets to the U.S. government. The transferred funds were immediately bridged from Ethereum to Bitcoin via HiFiSwap and Near Intents, then laundered through two instant exchange platforms. The funds flowed to addresses including 0xc82f...9d04 and 0x3297...2527.
According to CryptoQuant analyst Gaah’s monitoring, the Bitcoin Cycle Momentum indicator has yet to break above the neutral zone (0), clearly signaling the continuation of the bear market. The indicator has currently declined to the -30 level—a range that has historically served as a key cyclical support zone and formed major cycle bottoms on multiple occasions. Analysts note that for a trend reversal to be confirmed, price must first form a bullish pattern, accompanied by the indicator’s effective breakout above the neutral zone.