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Crypto

Bitcoin defence of $58,000 key to July direction; ETF flows in focus

Bitcoin’s move around $60,000 has put $58,000 in focus as a near-term dividing line, with market direction seen hinging on flows in the 72 hours after options expiry. Price pressure grew as U.S. inflation data coincided with a large options maturity and heavy out-of-the-money interest. Liquidations and positioning shifts also featured in the decline. Investors are also watching spot bitcoin ETF outflows and whether support holds through the weekend.

Crypto

Bitcoin short-term holders\' losses deepen as 50,000 BTC move to exchanges

Bitcoin short-term holders have moved a large amount of loss-making coins to exchanges, raising renewed concerns about near-term capitulation. About 50,000 BTC flowed to exchanges over the past 24 hours, the largest since June 4, and 9,500 BTC went to Binance. CryptoQuant data show the market value of short-term holders’ positions fell to $237.7 billion. Long-term holders, however, sent a record 181,000 BTC to accumulation addresses.

Crypto

Dogecoin official account joins selloff jokes, urges chart to stop falling

As the cryptocurrency market fell sharply, triggering about $1 billion in liquidations over a day, Dogecoin’s official X account posted a self-deprecating message about the downturn. The post likened the sloping chart to the “Downward-Facing Dog” yoga pose. Coinglass data showed long-position liquidations dominated. Dogecoin slid to $0.072 intraday before trimming losses. The market has stayed weak for more than eight months as liquidity declines.