NewsBTC·
Bitcoin is showing renewed signs of on-chain capitulation, according to Axel Adler Jr.’s latest Adler AM Bitcoin Morning Brief, as realized capitalization contracts and loss-taking sales dominate market activity. The setup matters because two independent measures: Realized Cap Net Position 30D Change and adjusted SOPR are now pointing to the same stress regime. In the June 10 brief, Adler said Bitcoin’s Realized Cap has declined by roughly $12 billion from its mid-May peak, falling from about $1.087 trillion to $1.075 trillion. The 30-day percentage change in Realized Cap has dropped to -1.1%, marking the first time since mid-March that capital outflows have reached that level. “Capital is leaving the Bitcoin network, and participant behavior confirms a capitulation regime – sales are being made at a loss,” Adler wrote. “This brief examines how close the current stress is to the March extremes and what needs to happen for the regime to change.” Bitcoin Realized Cap Outflows Accelerate
Read full articleEscalating US-Iran tensions risk destabilizing Gulf states and global markets, highlighting vulnerabilities in crypto and energy sectors. The post US military strikes multiple targets in Iran as Bitcoin slides toward $61K appeared first on Crypto Briefing.
Japan's crypto tax reform could boost mainstream adoption and investment, but may challenge smaller exchanges with increased compliance demands. The post Japan set to cut Bitcoin tax rate to 20% as parliament passes landmark crypto legislation appeared first on Crypto Briefing.
Fold Holdings' strategic debt repayment and capital management boost investor confidence, highlighting a shift towards financial prudence over asset accumulation. The post Fold Holdings sells 633.8 Bitcoin to repay $20M debt, shares surge over 160% appeared first on Crypto Briefing.
The shift towards stablecoins and tokenization highlights a growing focus on practical crypto applications, potentially reshaping financial infrastructure. The post Bitwise reports advisors prefer stablecoins and tokenization over Bitcoin appeared first on Crypto Briefing.
CryptoQuant said that Bitcoin's realized price near $53,600 could signal a possible bottom zone based on previous bear cycles.
Bitwise’s Matt Hougan says it was “pretty hard to engage with advisors on Bitcoin” during recent discussions, who are more interested in stablecoins and tokenization.
On-chain data shows the Bitcoin PnL Index is currently in a transition phase that has historically led into bottoms, but not immediately. Bitcoin PnL Index Has Been Going Down Recently In a new post on X, community analyst Maartunn has talked the latest trend in the Bitcoin PnL Index, which combines the data of a few key on-chain metrics into one to produce a single valuation indicator for BTC. Related Reading: Dormant Cardano Whales Suddenly Come Alive: Is A Turning Point Near? The metrics include the MVRV Ratio, NUPL, and LTH/STH SOPR. The former two deal with unrealized investor gains/losses while the last one is related to the gains/losses that holders are realizing through their transactions. Now, here is the chart shared by Maartunn that shows the trend in the 365-day moving average (MA) of the Bitcoin PnL Index over the history of the cryptocurrency: As displayed in the above graph, the 365-day MA of the Bitcoin PnL Index has been following a consistent downtrend since Q4 2025,
Jim Cramer called Bitcoin and gold bad money as investors shift cash toward SpaceX, Nvidia and Apple amid Bitcoin’s volatile June selloff.
