6/12
Bitcoin is currently holding steady in the $63,000-$63,700 range, with an early spike up to $63,724, showing a slight recovery of 1-2%.
The market faced its sharpest correction this year at the start of June, with BTC down nearly 30% year-to-date. We’ve seen significant ETF outflows, MicroStrategy selling off some coins for the first time, and a hawkish macro environment putting pressure on prices... But we’re also seeing some bottom signals:
About half of the BTC supply is currently in the red (the first time since the end of 2022).
The prevailing panic sentiment is often seen as a potential reversal signal.
Highlights for today:
SpaceX officially rang the bell on NASDAQ, with the first trade at around $175/share! Could the Musk empire's IPO bring in massive liquidity, affecting the crypto market's capital flow? What’s your take?
Are we still in a consolidation phase working towards a bottom? Or is SpaceX draining liquidity causing altcoins to take a hit?
Bitcoin is currently holding steady in the $63,000-$63,700 range, with an early spike up to $63,724, showing a slight recovery of 1-2%.
The market faced its sharpest correction this year at the start of June, with BTC down nearly 30% year-to-date. We’ve seen significant ETF outflows, MicroStrategy selling off some coins for the first time, and a hawkish macro environment putting pressure on prices... But we’re also seeing some bottom signals:
About half of the BTC supply is currently in the red (the first time since the end of 2022).
The prevailing panic sentiment is often seen as a potential reversal signal.
Highlights for today:
SpaceX officially rang the bell on NASDAQ, with the first trade at around $175/share! Could the Musk empire's IPO bring in massive liquidity, affecting the crypto market's capital flow? What’s your take?
Are we still in a consolidation phase working towards a bottom? Or is SpaceX draining liquidity causing altcoins to take a hit?