Bitcoin
Affairs
 
No. 015  ·  10 Jun 2026
 
MARKET SNAPSHOT
BTC / USD
$61,553
  24H CHANGE
-0.2%
 
ALL-TIME HIGH
$124,749
  FROM ATH
-50.6%
NEWS
4 STORIES TODAY

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Sponsor

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.

Geopolitics  Macro

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.

Fed  Rates  Macro

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.

Macro  Rates

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.

Rates  Macro
COMMENTARY
VOICE FROM THE NETWORK
Cointelegraph
@Cointelegraph
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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
Leo Ruga
@RugaResearch
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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
Charles Edwards
@caprioleio
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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
Rand Group
@randgroup
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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
CoinDesk
@CoinDesk
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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
Rand Group
@randgroup
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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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