CoinDesk reports that Strategy has again hinted it may increase its Bitcoin position, drawing fresh attention to the company's next move after it recently disclosed a rare sale. On Sunday, Executive Chairman Michael Saylor posted a chart on X highlighting the firm's long-term record of timing Bitcoin purchases, adding: "It's time to add a few more points." Similar posts have often been interpreted by the market as a prelude to a new buying announcement, though Strategy has not reported any new trades so far. Historically, if there is an update, the company typically releases details publicly or on the next trading day. The renewed speculation comes after Strategy disclosed it sold 32 BTC last Monday, valued at about $2.5 million at the time. It was the company's first Bitcoin sale since 2022. With total holdings still above 843,000 BTC, the sale was immaterial in size, but it sparked discussion because investors have long viewed Strategy as a steady source of buying demand in the market. Some participants see the sale as a possible sign the company could trim holdings to support dividend obligations or strengthen liquidity during weaker market conditions. Those concerns grew after Bitcoin fell below $60,000 last Friday. CoinDesk also noted insider selling plans: CEO Phong Le is expected to sell roughly $11.1 million of stock, and CFO Andrew Kang has filed to sell about $3.9 million. The transactions relate to recently vested equity awards. CoinDesk added that Saylor's chart posts are widely tracked as potential buy signals, but Strategy had not officially announced any new Bitcoin transactions as of publication.

According to Huo Xing Finance, on June 8 the derivatives whale known as "Set 10 Big Goals First" posted an update on X regarding his $170 million Bitcoin long. The trader set a take-profit range of $65,000–$66,000 and placed a stop-loss at $59,500. As of publication, the position was showing an unrealized gain of $8.78 million.

A market expert says Bitcoin has entered its first "hashrate bear market" after the network's computing power fell by 145 exahashes per second (EH/s).

UPDATE: Strategy reported an unrealized loss of $13.7B.

Bitcoin climbed 5% to $64,000 after President Trump said Israeli Prime Minister Benjamin Netanyahu has "no choice" but to accept an Iran deal.

New York State Justice Kathy J. King on June 4 ordered a pause in a lawsuit that seeks ownership of 39,069 long-inactive Bitcoin wallets, after Ian R. Cohen moved to submit an amicus (friend-of-the-court) brief. Plaintiffs have until July 7 to respond. The wallets are estimated to contain about 3.8 million BTC, valued at roughly $235 billion at current prices. The claim was brought by Noah Doe and two companies, who are relying on New York's lost-and-found property law—a statute courts have not previously applied to cryptoassets. Galaxy Research estimated the average wallet on the list holds 97.25 BTC. Galaxy also linked roughly 21,900 of the cited addresses—about 1.1 million BTC—to wallet activity associated with Satoshi Nakamoto. Why it matters: A court test of how lost-property rules apply to Bitcoin could influence market confidence in assumptions around dormant-wallet ownership and custody. Market sentiment: Cautiously bullish, legal-driven, choppy. The stay reduces near-term legal pressure, but the ownership dispute remains unresolved. Context: Tulip Trading previously argued that developers owed a fiduciary duty to help recover about 111,000 BTC. Bitcoin Core developers said in 2023 that Tulip Trading would need to prove ownership before the case could move forward (Blockworks). The New York matter differs by attempting to use lost-and-found law to claim dormant wallets, rather than focusing on developer obligations following an alleged private-key loss. Ripple effects: A ruling that opens the door to claims on long-inactive addresses could reshape custody expectations. Attention now turns to the July 14 hearing and whether the court treats Bitcoin inactivity as weak evidence of abandonment. Opportunities and risks: - Opportunities: A fuller, adversarial record after the July 14 hearing could strengthen property-right arguments for maintaining exposure through legal headline risk. - Risks: If the court allows the plaintiffs to proceed after July 14, reducing event-risk exposure tied to dormant-wallet headlines could help limit downside from legal uncertainty.

May hiring came in far stronger than expected, and markets treated it as bad news for rate cuts. The economy added 172,000 jobs in May, according to figures released June 5—more than double the 80,000 nonfarm payrolls consensus. With inflation and rates still front of mind, investors took the report as a sign the Federal Reserve has little incentive to cut anytime soon. Equities sold off sharply. The Nasdaq Composite sank 4.2%, its steepest single-session drop since April 2025. The S&P 500 fell 2.6%, and the Dow Jones Industrial Average slid about 1.4%, snapping what had been a nine-week winning streak across the major indices. Chip stocks, which had benefited from a rally partly built on expectations of Fed easing, led the downside. Nvidia dropped 6.2%, Broadcom fell 7.9%, and Micron was down roughly 5% to 9% at various points in the session. Bond yields moved higher as traders repriced the path for policy. The 10-year Treasury yield pushed above 4.5%. The 2-year yield climbed to 4.16%, its highest level in a year, signaling the bond market expects the Fed to stay on hold longer than equity investors had been betting. Unemployment held at 4.3%. While stable on its face, it reinforced the message of a labor market running hot enough to leave the Fed little room to turn dovish. Crypto followed risk assets lower. Bitcoin slid toward the $60,000–$62,000 range as appetite for speculative exposure faded. With borrowing costs elevated, less capital tends to flow into higher-volatility assets—an area where many institutional managers still place Bitcoin. For investors, the key question is whether the move was a one-day shock or the start of a broader repricing. A 10-year yield above 4.5% is often viewed as a psychological trigger for shifting allocations from equities to fixed income. Positioning may also have amplified the decline: after weeks of gains, leveraged long exposure had built up across stocks and crypto, and forced liquidations likely intensified the selling. A 4.2% Nasdaq drop is the kind of session that can spark margin calls and cascade selling, suggesting part of the slide may have been mechanical rather than purely fundamental.

Investors keep coming back to the same question: with spot ETFs on the market, corporate adoption advancing, and regulation gaining clarity, why isn't Bitcoin moving higher? Price action has told a different story. Bitcoin has drifted back toward the $60,000 area and recently printed fresh cycle lows. The headwind may be less about crypto-specific weakness and more about capital competition. Money has been rotating into dominant themes such as artificial intelligence and the prospect of a major technology IPO pipeline, leaving digital assets short of incremental buyers. On-chain data, though, is starting to resemble conditions typically seen as markets stabilize. Three indicators are drawing attention: • LTHSOPR / STHSOPR Ratio • Supply in Profit • 200-Week Moving Average and Realized Price The LTHSOPR / STHSOPR ratio has dropped sharply, suggesting long-term holders are no longer capturing the outsized gains that characterized the prior bull run. Supply in Profit has slid to about 47%, implying that more than half of holders are now at breakeven or underwater—a meaningful shift from bull-market periods, when over 90% of supply is often in profit. Bitcoin is also nearing two valuation levels with a strong historical track record as bear-market support: the 200-week moving average and the Realized Price. Together, these signals indicate that much of the speculative froth has been wrung out. Sentiment has moved from euphoria to caution, and behavior is tilting toward patience and accumulation. This setup does not confirm that a definitive bottom is already in place. It does, though, argue against a structural breakdown. Instead, Bitcoin appears to be dealing with a demand shortfall while competing with some of the most compelling investment narratives in global markets. For now, the market remains in a critical bottom-testing phase, with the next decisive move likely hinging on whether new capital flows back into the Bitcoin ecosystem.

Blockchain data show 1,656 BTC, valued at $102,312,706, was transferred from an unidentified wallet to another unidentified wallet.