Bitcoin
Affairs
 
No. 010  ·  5 Jun 2026
 
MARKET SNAPSHOT
BTC / USD
$60,831 		  24H CHANGE
-4.9%
 
ALL-TIME HIGH
$124,749 		  FROM ATH
-51.2%
◎
 NEWS
3 STORIES TODAY
U.S. payrolls beat forecasts, hardening higher-for-longer Fed pressure on Bitcoin
The BLS reported that total nonfarm payroll employment rose 172,000 in May while the unemployment rate held at 4.3%. A labor market that is still adding jobs at a solid pace keeps the case for near-term Fed easing weak, which is typically a headwind for bitcoin and other liquidity-sensitive assets.
Fed  Rates  Macro
Bitcoin dives below $62,000 as leveraged long liquidations top $1.5 billion
Bitcoin fell below $62,000 and more than $1.5 billion in leveraged crypto longs were liquidated over 24 hours, accelerating the market's sharpest washout in months. The move reinforced how quickly weak sentiment, thin liquidity and macro rate pressure can cascade through crypto leverage.
Macro
Spot bitcoin ETFs break redemptions streak, but buyers remain too thin
The Block reported that U.S. spot bitcoin ETFs logged a modest $3.05 million net inflow on Thursday, ending a 13-session stretch of outflows. Even so, Grayscale argued bitcoin still needs a broader base of buyers after Strategy's recent sale, suggesting institutional demand has stabilized but not convincingly turned higher.
ETF  Macro
≡
 COMMENTARY
VOICE FROM THE NETWORK
Ted
@TedPillows
 
$BTC is going for its lowest weekly close since October 2024. $60,000 looks highly likely now, and Bitcoin could even drop lower. https://t.co/qAYQic7VOt
 
 
 
 
32 reposts    84 replies    349 likes
 
CoinMarketCap
@CoinMarketCap
 
LATEST: ⚡ A Michigan couple have closed on the first Fannie Mae-backed mortgage using Bitcoin as collateral. https://t.co/5X0ezLYrAC
 
 
 
 
 
146 reposts    71 replies    842 likes
 
CoinMarketCap
@CoinMarketCap
 
LATEST: 🇺🇸 Senator Cynthia Lummis says she holds her Bitcoin in a "truly blind" trust and is "in it for the long haul." https://t.co/fdPhazXVUT
 
 
 
 
 
119 reposts    74 replies    974 likes
 
Ki Young Ju
@ki_young_ju
 
This distribution phase feels like a massive change of hands. Bitcoin investors' average cost basis is around $53K. Historically, bear markets ended only after the price fell below the realized price. I thought that level would be hard to revisit, given institutional inflows and MSTR barely selling any BTC. But current price action suggests unusually strong sell pressure. • Since Jan 2023, MSTR bought 711,206 BTC and sold only 32 BTC, removing 711,174 BTC from circulation. • Since BTC was also $63K in Mar 2024, ETFs absorbed 509,102 BTC and MSTR bought 650,706 BTC. That is 1,240,808 BTC absorbed, yet price is back at the same level. • For context, exchange reserves are around 2.7M BTC, and Satoshi is estimated to hold around 1M BTC. More BTC than Satoshi’s stack, nearly half of exchange reserves, has been absorbed, and price is still back at the same level.
 
 
 
 
125 reposts    57 replies    830 likes
 
Bitcoin Archive
@BitcoinArchive
 
BREAKING: Coinbase launches the first US Mortgage backed by Bitcoin collateral to let Bitcoin "work for the people who hold it." https://t.co/h4kJrYEJfR
 
 
 
 
 
332 reposts    103 replies    2.4K likes
 
Barchart
@Barchart
 
Bitcoin $BTC has fallen to its 200-week moving average for the first time since 2023 📉 Historically, this has been a great buying opportunity 👀 https://t.co/E8LuRHlfjb
 
 
 
 
313 reposts    140 replies    1.9K likes

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