A Satoshi-era Bitcoin wallet that had been inactive since 2011 transferred 35.55 BTC worth about $2.5 million last week, after it was referenced in a lawsuit filed by Noah Doe seeking ownership of roughly 3.8 million dormant bitcoin—valued at around $285 billion. The complaint contends that thousands of long-inactive wallets should be treated as abandoned property under New York law. The wallet's transfer came months after an on-chain legal notice linked to the case was sent. Galaxy Research said the move could indicate the coins were not abandoned.

Huoxing Finance reported that a New York Supreme Court judge has paused all activity in a lawsuit seeking a declaration of ownership over 39,069 dormant Bitcoin wallets, preventing any move for a default judgment ahead of a July 14 hearing. Justice Kathy J. King signed an "Order to Show Cause," which was publicly entered on the case docket on June 5. Court records show oral arguments are set for July 14 at 10:30 a.m. in Courtroom 6 of the New York court. The order directs that, before the hearing, "all further proceedings on the plaintiff's request for declaratory judgment shall be stayed, including any applications for discovery or default judgment." King also struck the phrase "and final determination" from the standard form language, signaling the stay runs only through the July 14 hearing rather than until a final ruling. In a separate decision filed the same day, King found that an earlier request for injunctive relief was moot, citing the plaintiff's Amended Complaint filed on May 1 and another docket entry.

Bitcoin (BTC) held near unchanged levels despite a new round of missile exchanges between Iran and Israel. The cryptocurrency rose about 2.4% over the past 24 hours as geopolitical risks increased. Oil prices jumped as traders priced in the possibility that the conflict could broaden across the region.

Bitcoin climbed back above $63,000 in an oversold-driven relief rally. In Asian equities, South Korea's KOSPI plunged 8%.

HuoXing Finance cited Hyperinsight data showing that on June 8, BTC posted a brief, five-minute surge in the morning session, momentarily pushing above $64,000. The minute-level spike swept through multiple large short positions clustered between $63,000 and $64,000, sparking a concentrated wave of liquidations on Hyperliquid. The largest single liquidation reached $6.06 million, with a liquidation price of $63,224. Hyperinsight said the biggest forced close came from a 40x-leveraged BTC short opened last Friday. The address shorted 195.8 BTC; as BTC rose from $62,700 to $63,700 in the morning, the trader repeatedly trimmed the position when price approached the liquidation threshold, making six manual partial closes within one minute. In total, 190 BTC were liquidated late overnight and early this morning, worth about $12.3 million, leaving 5.8 BTC still short. Address: 0xdfbdbc3ab86f6939cd303ea2b7f9c1b3a4e0685f

Bitcoin experienced a sharp price surge early this morning, briefly eclipsing the $64,000 mark within a five-minute window. According to data from Hyperinsight, this rapid upward momentum forced the liquidation of several significant short positions concentrated between the $63,000 and $64,000 levels. The volatility resulted in approximately $10 million in total liquidations on the Hyperliquid decentralized exchange. Notably, the largest single liquidation event involved a position valued at $6.06 million, which was forcibly closed at a price of $63,224. This sudden market movement underscores the high concentration of bearish leverage near key resistance levels and the resulting impact of minute-level price spikes on derivative markets.

Iran carried out multiple waves of missile strikes on Israel early Monday, intensifying Middle East tensions and triggering a broad risk-off move. Bitcoin (BTC) briefly sold off to 61,184 USDT, reflecting a sharp spike in market anxiety. As geopolitical fears eased, dip-buying returned quickly. BTC rebounded more than 2,500 points in about four hours, climbing back above 63,600 USDT during the session. The rapid upswing forced a wave of short-covering, with lower-level shorts being squeezed out. Liquidation data shows total liquidations topped $113 million over the past hour. Shorts accounted for $108.6 million, or nearly 96% of the total. From a technical perspective, BTC's 4-hour MACD has formed a bullish "golden cross," pointing to improved short-term sentiment. RSI is nearing overbought levels, suggesting the rally could transition into consolidation as profit-taking emerges. Key levels in focus: • Support: 62,500 / 61,500 USDT • Resistance: 64,500 / 65,500 USDT Holding above 63,500 USDT could help sentiment stabilize further. A stall near 64,500 USDT on renewed volume may pull the market back into a high-volatility, range-bound phase. On-chain indicators show a rebound led by some oversold meme tokens and high-beta altcoins, signaling a modest recovery in short-term risk appetite. Volatility remains elevated, favoring lighter positioning and nimble execution rather than chasing momentum with high leverage. Risk disclaimer: Markets are highly volatile. This content is for informational purposes only and does not constitute investment advice.

U.S.-listed Bitcoin spot ETFs opened June under heavy selling pressure, extending a risk-off trend that worsened in May as macro uncertainty kept investors on the sidelines. SoSoValue data shows Bitcoin spot ETFs posted about $1.72 billion in net redemptions from June 1–5, alongside a slide in Bitcoin prices to around $60,000. The move follows May's $2.43 billion in net outflows, pointing to sustained institutional caution. Flow activity has been broadly negative: across the last 15 trading sessions, the group recorded just one day of net inflows—a small $3.05 million on June 4. By fund, BlackRock's IBIT led the outflows with $1.34 billion redeemed over the week. Fidelity's FBTC saw $201.92 million withdrawn, while Grayscale's GBTC lost $144.36 million. Additional redemptions hit Invesco's BTCO ($12.65 million), Bitwise's BITB ($15.57 million), and ArkInvest/21Shares ($49.71 million). Grayscale's BTC, Valkyrie's BRRR, WisdomTree's BTCW, and Hashdex's DEFI reported flat net flows for the period. Only two products took in new money: VanEck's HODL added $4.22 million, and MSBT attracted $35.05 million. Despite the recent pullback, cumulative net inflows into Bitcoin spot ETFs since launch remain sizable at $53.94 billion. Total net assets across the category stand at $75.12 billion, down 20.19% over the past week as NAVs fell with the broader market. Ethereum spot ETFs also saw selling. The group recorded roughly $168 million in net outflows last week, bringing combined net assets down from $11.78 billion to $9.78 billion. In the market, institutional investors appear to be trimming risk as macro uncertainty builds. At press time, Bitcoin traded at $61,592, up about 2% over the prior 24 hours after the week's dip. Ethereum was near $1,612 after rebounding from a cycle low around $1,500. The latest data reinforces a cautious tone among large investors: even with substantial cumulative inflows since launch, recent weeks show a clear rotation out of crypto ETFs as volatility and softer prices drive redemptions. Flows are likely to remain highly responsive to macro headlines and short-term price moves.

CoinDesk reported that Bitcoin's pullback into the $60,000–$62,000 range has sharply compressed on-chain profit margins and pushed unrealized losses higher. According to media analysis, about 10.46 million BTC are now held at an unrealized loss—a zone that has historically tended to appear around major cycle lows. The report notes that when a large share of coins moves into loss territory, many holders become less willing to sell, which can reduce effective sell-side pressure. In past cycles, readings above 10 million BTC in unrealized losses often coincided with periods of meaningfully compressed valuation. Still, the indicator alone does not confirm a bottom. If demand can absorb supply from underwater holders, the market may transition into consolidation; if buying remains weak, further downside is possible. MVRV drops to 1.1 The MVRV valuation metric has fallen to 1.1, suggesting Bitcoin's total market cap is only slightly above the average on-chain cost basis. The analysis argues that most of the speculative premium built during the prior rally has been worked off in the correction. If prices slide toward the low $50,000s, MVRV could move closer to 1.0—a level rarely seen historically and typically associated with major cycle lows. Long-term holders return to net accumulation On-chain data also shows long-term holders turning net buyers again. Over the past 30 days, this cohort absorbed roughly 30,000 to 35,000 BTC, ending several months of choppy positioning. The report adds that some long-duration capital appears to be adding on the dip, with holdings gradually shifting away from short-term participants. The pace of accumulation remains measured and has not yet signaled aggressive buying. Overall, on-chain valuation and ownership structure are moving toward levels seen near past lows, but whether Bitcoin has completed a bottoming process still hinges on broader capital returning to the market.