Axel Adler Jr. said in his June 10 Adler AM Bitcoin Morning Brief that Bitcoin is again showing on-chain capitulation as Realized Cap contracts and loss-taking dominates activity. He reported Realized Cap fell by roughly $12 billion from a mid-May peak, while the 30D change slid to -1.1% and adjusted SOPR stayed below 1.0 for 13 days. BTC was trading at $61,828 at press time.

In a June 6 interview with Nathalie Brunell, macro analyst Luke Gromen said Bitcoin's inability to push decisively higher may be influenced by derivatives that can absorb buying pressure without requiring spot BTC purchases. He said he only "nibbled" and has not meaningfully rebuilt the position he previously reduced, while framing BTC's recent range around $58K–$72K as a potentially important signal about liquidity and market structure.

Arthur Hayes said in his June 9 essay "Reality Test" that an AI-led equity selloff could spill into crypto first, with Bitcoin only benefiting later from any liquidity response. He wrote that Maelstrom has reduced several non-core crypto holdings while keeping Bitcoin and Ether, and argued that oil-market stress tied to the US-Iran conflict and reduced Strait of Hormuz traffic could raise inflation and pressure the AI trade. At press time, BTC was $62,638.

Citrini Research said Hyperliquid's HYPE stands out from what it calls the market's "memetic majority" because it is tied to recurring platform fees and a built-in buyback mechanism. The firm's June 2026 "State of the Themes" report highlights that more than 90% of Hyperliquid's fees go to an Assistance Fund that buys HYPE, with cumulative purchases topping $2 billion since January 2025 and HYPE last quoted at $62.13.

BTCTOP CEO Jiang Zhuoer said he does not expect Strategy (formerly MicroStrategy) to become a major net seller of Bitcoin, even if BTC suffers a deep drawdown toward $30,000. He argued that limited sales of early, low-cost BTC could help cover STRC-related payments and demonstrate realized gains without changing the company’s broader accumulation approach. At press time, BTC traded at $63,468.

Veteran analyst Bob Loukas said Bitcoin has moved into the final phase of its four-year cycle and may still need another drop before a lasting bottom forms. He highlighted $53,000 as a key area where his model portfolio would deploy remaining cash, after already buying 10 BTC at $65,000. At press time, BTC traded at $62,247.

Bitcoin's June pullback has coincided with a jump in large BTC deposits to Binance, reviving a pattern that CryptoQuant analyst Darkfost says was last prominent during February's stress period. Whale inflows were about 8,200 BTC on June 2 and over 6,400 BTC on June 4, while the monthly average rose from roughly 1,200 BTC since mid-April to above 2,800 BTC. Bitcoin was near $62,533 at the time of writing, and Darkfost said BTC is down 14% in June as some large holders shift into a more defensive stance.

CryptoQuant CEO Ki Young Ju says Bitcoin's distribution phase reflects a large transfer of supply from early holders and long-time miners to US financial institutions, ETFs, and newer long-term investors. He highlights heavy absorption despite muted price response, citing 1,240,808 BTC accumulated by ETFs and Strategy since March 2024 while Bitcoin stayed near $63,000. At press time, BTC traded at $62,696.

Charles Schwab is targeting a mid-2027 launch to let financial advisors use its custody platform for spot crypto trading, transfers, and custody. The plan would extend its push beyond the retail Schwab Crypto rollout, which started with spot Bitcoin and Ethereum trading and charges a 75 basis point fee per trade. Schwab reported $12.61 trillion in total client assets as of April 30, 2026, with Schwab Advisor Services representing about $5.31 trillion.