Botanix to wind down Bitcoin Layer 2 network, urges asset withdrawal by July 9

Crypto ETF flows turned cautious again on Tuesday, June 9, as bitcoin ETFs posted a third straight day of outflows and ether funds slipped back into redemptions after Monday’s rebound. XRP and solana ETFs drew modest inflows, while HYPE products saw no trading activity. Bitcoin and Ether ETFs Lose $118M as XRP and Solana Draw […]

More than half of Bitcoin supply is underwater as K33 sees $60K near a cycle bottom, though history leaves room for one final price decline.

Bitcoin closed the week of June 5 with a nearly 20% decline — its sharpest single-week drop since the FTX collapse in November 2022 — but on-chain analyst Ali Martinez is pushing back against the prevailing fear, arguing in a technical post on X that the market is approaching a major macro accumulation cycle rather than the beginning of a deeper structural breakdown. Related Reading: The Bitcoin Rally Has A Problem: Demand Is Drying Up Martinez’s case rests on a convergence of on-chain metrics that have historically accompanied market bottoms rather than preceded further selling. Bitcoin’s decline to $59,000 — its lowest level since 2024 — flushed out what he describes as “overleveraged premiums” across the board, per his X post. That kind of forced deleveraging, he argues, is typically what creates the conditions for a genuine bottom rather than a temporary bounce. BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview  The Bitcoin Metrics Behind The Call

Market sentiment reflects heightened risk aversion and potential volatility in crypto prices amid economic and geopolitical uncertainties. The post Bitcoin price odds drop ahead of US CPI release appeared first on Crypto Briefing.

Key takeaways The oversold technical conditions may limit the pace of the decline, but the broader market structure remains bearish.  The structure will remain bearish unless BTC can reclaim the $64,000 region and build momentum back above key moving averages.  BTC Extends Losses Ahead of Key US Inflation Data Bitcoin (BTC) continued its decline on […] The post Bitcoin falls below $61k amid geopolitical tensions and ETF outflows appeared first on CoinJournal.

Bitcoin may need to climb back above $65,000 before any meaningful recovery can take hold — but getting there looks harder by the day. Market analyst Michaël van de Poppe said a break past that level could open the door to a rally toward the $72,000 to $74,000 range, yet the broader demand picture suggests that kind of move is far from guaranteed. Related Reading: A 400 Billion Shiba Inu Surprise: Whale Wallet Springs Back To Life #Bitcoin is stalling beneath $65K as breaking that level would trigger a strong run to $72-74K. The $65K support level was the previous level of support after the crash early in February and is now acting as the resistance to break through. If it happens for Bitcoin’s price to… pic.twitter.com/GOaN7KuT0O — Michaël van de Poppe (@CryptoMichNL) June 9, 2026 Why The Numbers Look Ugly Right Now The 30-day combined growth of spot and perpetual futures demand has fallen to around -650,000 BTC, a reading that has appeared only three times since 2019. CryptoQuant ana

Geopolitical tensions heighten market volatility, impacting oil, bonds, and digital assets, underscoring interconnected global economic risks. The post Oil prices and Treasury yields surge after Trump toughens stance on Iran, dragging Bitcoin lower appeared first on Crypto Briefing.

The Spiderchain developer told users to withdraw assets by July 9 after concluding demand for Bitcoin-native DeFi was not sufficient to support the network.