Daily Update — 25 Jun 2026

Bitcoin

Affairs

No. 031 · 25 Jun 2026

MARKET SNAPSHOT

BTC / USD
$59,277

24H CHANGE
-3.4%

ALL-TIME HIGH
$124,749

FROM ATH
-52.3%

◎	NEWS 5 STORIES TODAY

OpenAI or Anthropic? Who will ship the next model first? (Sponsor)

Claude vs Gemini. OpenAI vs Anthropic. Which lab ships next? Real money on all of it. Kalshi is the CFTC-regulated prediction market for tech readers. Trade what you know.

Sponsor

Bitcoin ETP outflows push rolling one-year fund flows back into negative territory

Rolling one-year notional flows across bitcoin investment vehicles turned negative for the first time since late 2023, according to K33. The report said bitcoin ETP holdings are down 8% from their peak, marking the largest drawdown on record in both relative and notional terms and underscoring how weak institutional demand has become.

ETF Macro

Record 10.83 million bitcoin now sit underwater as long-term holders keep accumulating

CoinDesk reported that bitcoin’s drop toward $59,100 pushed 10.83 million BTC into loss, the highest level on record. Even so, long-term holders now control a record 14.8 million BTC, suggesting deep conviction remains intact despite broad market stress.

On-chain

Bitcoin reclaims $60,000 after liquidation flush, but ETF outflows still weigh

Bitcoin dipped to roughly $59,200 before recovering above $60,000, while ether, XRP and solana stayed under heavy weekly pressure. CoinDesk tied the selloff to ongoing U.S. spot ETF outflows, a more hawkish Fed backdrop and a stronger dollar, with analysts warning the 200-week moving average is now a critical support zone.

ETF Rates Macro

Gold, silver and bitcoin slump as markets price renewed Federal Reserve hikes

The hard-asset trade kept unwinding as gold fell below $4,000, silver slipped under $59 and bitcoin also sold off. CoinDesk said traders are now pricing two 25-basis-point Fed hikes by March 2027, a rates shift that is pressuring non-yielding assets across the board.

Fed Rates Macro

Micron blowout quarter revives AI trade and pulls marginal liquidity from crypto

Micron beat Wall Street expectations and guided above forecasts, sending its shares up 16% premarket and lifting AI memory names including SanDisk and SK Hynix. CoinDesk said the renewed AI equity bid helped stabilize broader risk sentiment but likely diverted fresh speculative capital away from crypto.

Macro

≡	COMMENTARY VOICE FROM THE NETWORK

Bitcoin Magazine

@BitcoinMagazine

View on 𝕏

JUST IN: More than 50% of BTC is underwater, which usually marks a bear market bottom. 👀

HODL ✊ https://t.co/iQHXp2ADra

453 reposts 151 replies 2.9K likes

Watcher.Guru

@WatcherGuru

View on 𝕏

BREAKING: Bitcoin falls under $60,000 https://t.co/CVVX5bRI2J

1.3K reposts 948 replies 9.8K likes

Cointelegraph

@Cointelegraph

View on 𝕏

🚨 ALERT: Around $10B in Bitcoin options are set to expire on Deribit this Friday, potentially compounding more pressure on an already struggling market. https://t.co/Psigc2rVye