Trading

Crypto volatility triggered about $186 million in liquidations over the past 24 hours, with longs losing $102.8 million and shorts $83.2 million. Bitcoin led with $34.97 million liquidated and Ethereum followed at $24.65 million, underscoring two-way positioning risk. In spot flows, whales distributed over 70,000 BTC over the past month while U.S. Spot Bitcoin ETFs recorded $85.85 million net inflows on June 12.

U.S. President Donald Trump said on Saturday that a new agreement with Iran would be signed on June 14 and that the Strait of Hormuz would reopen to all shipping immediately afterward. Iranian Foreign Ministry spokesperson Esmaeil Baghaei disputed that a Sunday signing would occur, while prediction-market pricing showed only a 39% probability for June 14 on $47.1M of volume. The disagreement left markets weighing potential impacts, with bitcoin trading above the $64,000 zone following Trump's comments.

Polymarket drew criticism after traders said it revised the settlement standard for a live market asking whether Strategy (NASDAQ: MSTR) would sell any Bitcoin by May 31. Strategy disclosed on June 1 that it had sold Bitcoin during the prior week, but Polymarket ruled the outcome based on a disclosure cutoff, affecting bets tied to 1,838 accounts and $3.8 million. One trader, Hunter Guo, said he lost an expected gain of about $35,000 after buying thousands of “Yes” contracts shortly before the ruling.

Spot bitcoin ETFs recorded $85.85 million of net inflows on June 12, with all 12 tracked products avoiding net outflows. BlackRock's iShares Bitcoin Trust (IBIT) accounted for $57.7 million of the total, while spot ethereum ETFs posted a $4.95 million net outflow for a fourth consecutive day.

U.S. spot Bitcoin ETFs took in $85.85 million on June 12 after five straight days of outflows, while Bitcoin traded around $63,750 after a 1.30% 24-hour rise. Trading volume slid 16% to $24.07 billion, even as derivatives metrics pointed to a more bullish tilt. BTC is nearing a key barrier at $63,900, with a daily close above $64,000 framed as the trigger for a potential move toward $69,500.

On June 13, 2026, Bitcoin traded around $64,200 as derivative data pointed to a broad leverage reset, with open interest reduced from above $90B to near $50B and funding close to neutral. Short-term holders remained under pressure, with BTC below the STH realized price near $75,000, implying roughly 15% unrealized losses for recent buyers. The setup describes heavy stress among newer holders but does not, by itself, confirm a market bottom.

Bitcoin traded above $64,000 on Saturday, briefly clearing $64,200 intraday and standing more than 8% above its June low near $59,000. The move followed $85.9 million of net inflows into U.S. spot bitcoin ETFs on Friday and market attention on Pakistan's prime minister saying a peace agreement is closer than ever, with finalisation expected within 24 hours.

Michael Saylor said on June 13 that 25% of the "Mag8" now holds bitcoin on corporate balance sheets, following SpaceX's public listing. He also positioned SpaceX alongside other mega-cap tech names in his framing, highlighting the growing use of BTC as a treasury asset among major firms.

Kraken says it plans to roll out CFTC-regulated perpetual futures for eligible US traders within 30 days, using Bitnomial as the listing venue. The initial contracts are expected to cover BTC, ETH, SOL, XRP, ADA, LINK, DOGE, LTC and AVAX, with no expiry and an eight-hour funding rate.

On June 12, 2026, Anthropic disabled its Fable 5 and Mythos 5 AI models worldwide after a U.S. Commerce Department export-control directive required suspending access for foreign nationals. The shutdown hit pre-IPO crypto instruments tied to Anthropic’s implied valuation, including Hyperliquid’s vntl:ANTHROPIC (down 3% to $1,638) and Solana’s Prestocks ANTHROPIC token (down 9.11% to $655.32). As of June 13, 2026, Anthropic said it is working to restore access but has not provided a timeline.