| |
|
Bitcoin
|
|
Affairs
|
|
|
|
No. 017 · 12 Jun 2026
|
|
|
MARKET SNAPSHOT
|
BTC / USD
$63,475
|
|
24H CHANGE
+3.4%
|
|
| |
ALL-TIME HIGH
$124,749
|
|
FROM ATH
-49.1%
|
|
|
Business news in 5 minutes flat. Morning Brew breaks down markets, tech, and the economy — clearly, quickly, and with serious personality. 100% free. Join 4M+ Readers.
U.S. spot bitcoin ETFs posted a net $22.5 million outflow on June 11, according to Farside data. BlackRock’s IBIT still took in fresh money, but redemptions at several other funds kept the complex negative overall, underscoring how fragile institutional demand remains even as the pace of selling slows.
CoinDesk reported that daily buying from digital-asset treasury companies has fallen from roughly $500 million per day earlier in the cycle to almost negligible levels. With ETF flows already weak, the loss of a second major demand channel leaves bitcoin more exposed to macro stress and slower recovery conditions.
CoinDesk reported that bitcoin has fallen into the bottom 10% of its historical valuation range, near its long-watched 200-week average. The setup suggests heavy capitulation may already be underway, but analysts warn the next phase could be a long, grinding bottom rather than a fast reversal.
|
≡
|
COMMENTARY
VOICE FROM THE NETWORK
|
|
Blockstream’s SHRINCS brings post-quantum cryptography to Bitcoin by enabling quantum-resistant signatures.
It offers a path to protect BTC from future quantum attacks without requiring immediate changes to Bitcoin’s core protocol. https://t.co/wIIqwHxKWS
24 reposts 5 replies 104 likes
|
|
I’m prioritizing buying the WHOLE bitcoin bottom instead of trying to time the bottom wick. $BTC https://t.co/VxotHw0wHN
44 reposts 20 replies 410 likes
|
|
My response is always the same when people say they expect Bitcoin to go to $30-40k at peak bottom:
If we really get to there (which I really think we won't) then we'll have a much bigger problem.
I would actually fear the further upside potential of Bitcoin and future cycles.
Some might say the lower it goes the bigger the opportunity.
But I would think there is structurally something wrong.
"But Nova, Bitcoin has always corrected ~ 80%, that's normal"
1/ Well, in reality that ALWAYS is only 2-3 examples. That's literally NOTHING to go on.
That's an absolute terrible statistic to draw a conclusion from.
People make it seem like the market has been doing this for ages in 10+ examples.
2/ Even today every single new cycle we ALREADY see a trend of diminishing returns in downside.
Not just the upside gets smaller in returns every time but also the % we correct.
If you really have to take those 2-3 examples as the absolute all knowing crystal ball proof for all eternity than even that doesn't suggest an ~ 80% correction.
3/ Bitcoin is bigger than it ever is before. If it continues to correct that much even at the current market cap and scale?
Something WILL be wrong.
4/ Worldwide recognition and ETF adoption.
This time we HAVE a floor of demand. In the past Bitcoin was smaller and not really adopted yet by any institution.
So it really made sense to have large upside and large corrections.
This time even the president is speaking about it all the time and ETFs have made it easier than ever to buy for EVERY single party in the world.
Whether it's retirement funds, or institutions or countries or reserves or ...
If it still goes to $30-40k like that? That's not bullish anymore.
5/ Microstrategy.
Never before have we had an entity that bought so much literally all the damn time.
If an entity buys so many billions and billions and billions.
And we STILL correct ~80%?
Holy moly, something is wrong.
Conclusion:
You can stick to 2-3 examples as much as you want but even they show diminishing returns.
AND the landscape is simply different than the first and second cycles.
Take objective notes and not 2 examples sorcery and you'll see why I think something would honestly be wrong if we go that low.
We would still bounce btw and show volatility if we get there.
But I would seriously question the upside from there and not the simple:
"Now we go up to new highs and beyond like before"
10 reposts 8 replies 159 likes
|
|
$4.5 TRILLION APPLE HAS LIFTED IOS RESTRICTIONS BANNING IN-APP BITCOIN AND CRYPTO PAYMENTS
FLOODGATES OPENING TO BTC 🚀 https://t.co/84A5EziiCG
60 reposts 38 replies 397 likes
|
|
