Bitcoin's recovery attempts are still being judged against a larger structure that has controlled price action for months. An interesting technical analysis of the daily candlestick timeframe chart shows that Bitcoin is still following a descending channel, with every major rebound failing near the upper diagonal and every major sell-off finding a reaction near the lower boundary.
Strategy's 32 BTC sale is not triggering widespread selling pressure, according to an analysis shared by Cryptoquant, but weakening profit indicators suggest investor confidence is fading as fear gains ground across the bitcoin market.
IREN closed a $3.65B investment grade loan to buy NVIDIA GPUs for Microsoft, the first deal of its kind in the U.S. private placement market.
U.S. spot Bitcoin ETFs posted 10 straight days of net outflows, draining $2.96 billion and turning 2026 flows negative for the first time. Assets under management fell from more than $104 billion to about $94 billion, while Bitcoin traded near $72,600 after failing at $82,000.
Polymarket users are waiting for a resolution on whether Strategy's Bitcoin sale took place before the end of May—with over $50 million bet so far.
Mike McGlone said that Bitcoin's split from a record-setting S&P 500 is flashing a major risk signal. In his X post, the Bloomberg Intelligence strategist pointed to a path back toward $10,000 if the decoupling reflects broader crypto weakness. What Stops Bitcoin Reversion Toward $10,000? Failing vs.
Digital credit's rise could reshape Bitcoin investment strategies, offering income potential but posing risks amid Bitcoin's inherent volatility. Strive CEO Matt Cole calls digital credit bigger than ETFs for Bitcoin's future.
A federal judge dismissed Swan Bitcoin's entire lawsuit against Proton Management Ltd. and its employees on June 1, 2026, after Swan admitted in parallel UK proceedings that it never owned the mining assets and trade secrets at the center of its claims.
Digital credit's rise could reshape Bitcoin investment strategies, offering income potential but posing risks amid Bitcoin's inherent volatility. Strive CEO Matt Cole calls digital credit bigger than ETFs for Bitcoin.
Bitcoin (CRYPTO: BTC) dipped below $71,000 for the first time in weeks on Monday, prompting critics to point out persistent weakness compared to equities. Schiff Says Nasdaq Strength Makes Bitcoin's Weakness Worse Peter Schiff pointed to the divergence between Bitcoin and equities as a warning sign.
Bitcoin is still trading above $60,000, but there are questions as to whether that area has already become the macro bottom for this correction or whether another crash could still drag the price back into that zone. Technical analysis using Bitcoin's weekly RSI, prior cycle support, and the 21-week and 50-week EMA trend presents the bullish side of that trend, but bears can still argue that confirmation has not arrived until Bitcoin breaks above the weekly EMA structure.
Bitcoin kicked off June by tumbling below $71,000 for the first time since April, triggering a broader market sell-off that wiped out $627 million in leveraged positions and reduced the total crypto market cap to $2.52 trillion.