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Bitcoin
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Affairs
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No. 015 · 10 Jun 2026
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MARKET SNAPSHOT
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BTC / USD
$61,553
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24H CHANGE
-0.2%
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ALL-TIME HIGH
$124,749
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FROM ATH
-50.6%
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SpaceX to go public — 3 stocks that will profit from it (Sponsor)
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SpaceX is valued at $350B+ and hasn't filed yet. Three publicly traded companies already have direct revenue exposure to the listing. We've identified each one — get the free breakdown before the IPO window opens. Get it here.
Reuters reported on June 10 that the United States launched new strikes on Iranian targets after the downing of a U.S. Apache helicopter, putting a fragile ceasefire at risk. Brent and WTI both rose about 0.7% in early trade, reviving the oil-driven inflation pressure that has been weighing on bitcoin and other risk assets.
A June 10 Reuters preview said May U.S. consumer inflation likely accelerated at the fastest pace in three years as Middle East-driven energy costs rose. A hotter print would reinforce higher-for-longer Fed expectations just days before the June FOMC meeting, a key macro swing factor for bitcoin.
Reuters reported on June 10 that China's producer prices rose for a third straight month in May, reaching their strongest pace since 2022 as energy costs climbed. Firmer upstream inflation in China adds to the global commodity and pricing pressure that markets are already watching ahead of U.S. inflation and central-bank decisions.
BOJ data cited by Reuters showed Japan's producer price index rose 6.3% year over year in May, above expectations and the fastest pace in three years. The report strengthened market pricing for another BOJ rate increase at next week's meeting, an important signal for global yields, yen funding and broader risk appetite.
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COMMENTARY
VOICE FROM THE NETWORK
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🐋 WHALE ALERT: Bitcoin whales dominated the $60K-$61K dip buy, accounting for 61.6% of buy-side activity, per CryptoQuant. https://t.co/FE9m806vrC
50 reposts 76 replies 183 likes
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I keep coming back to this chart.
Average Bitcoin mining production cost: $71,130. BTC spot: ~$61,000.
Miners are paying ~14% more to produce each coin than they can sell it for. The operational floor (bare minimum to keep machines running) sits at $44,610. So they're not shutting down yet. But they're bleeding.
This is one of the rarest conditions in Bitcoin's history. The people who invested millions in hardware and energy contracts are underwater on every coin they produce. It doesn't last long. Either price recovers toward production cost, or miners capitulate and hash rate drops until the math rebalances.
Both paths have historically resolved upward within 1-3 months.
Not calling a bottom. Just pointing at the math. 📊
Chart: @ForeDex_Global
12 reposts 19 replies 128 likes
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We are currently witnessing record Institutional selling of Bitcoin. The most selling in history, led by ETFs, nuking over 460% of the daily mined supply, every day. https://t.co/efpUCTUwy6
20 reposts 25 replies 163 likes
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Every cycle, supply-in-loss hits the same zone right before the turn. 2018 bottom. 2022 bottom. Now 2026 at $63K.
Source: @_checkonchain https://t.co/qVFyDY7qT7
17 reposts 19 replies 142 likes
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NEW: @CMEGroup launches crypto index futures jointly developed with @Nasdaq, tracking the top 8 cryptocurrencies by market cap including $BTC, $ETH, $SOL, $XRP, $LINK and $ADA. https://t.co/QcWxwROZ1D
42 reposts 32 replies 168 likes
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Imagine dumping your Bitcoin at the Historical Accumulation Zone
Source: @Washigorira https://t.co/3VsPfYZQPu
33 reposts 25 replies 255 likes
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