1. Bitcoin Market

During the period from June 7 to June 13, 2025, Bitcoin’s specific price movements were as follows:

June 7:Bitcoin exhibited a "dip then rally" pattern. It initially dipped slightly to $104,191 in early trading before rebounding. Upward momentum gradually strengthened, reaching a high of $105,721 in the evening, then consolidating around the $105,600 level.

June 8:Bitcoin maintained a narrow-range oscillation. The price slightly declined from $105,615, hitting an intraday low of $105,083 in the evening before finding support and slowly recovering. It closed at $106,038, indicating some buying pressure near a key support level.

June 9:Continuing the previous day’s rebound, the price broke above $106,411 early on but faced selling pressure and retraced to $105,444 intraday. Bulls quickly regained control, driving Bitcoin sharply higher from $105,607 to $107,932, setting a recent high. It then pulled back slightly to $107,126 before stabilizing and rising again, showing a strong bullish trend overall.

June 10:Bitcoin extended its strong upward trend, breaking the important psychological $110,000 level to reach $110,305 early in the day. After brief consolidation, it faced some pullback pressure, retreating first to $109,100 and then $108,613, with volatility gradually narrowing.

June 11:After a slight morning rally to $110,250, the price pulled back mildly and fluctuated around $109,500, hitting a low of $109,224. In the evening, it rebounded modestly, briefly touching $110,244 again but failing to break higher and retreating to about $109,744, signaling a correction phase.

June 12:Bitcoin showed an overall downtrend with multiple intraday probes lower, touching $108,574, $108,278, and $107,594 before dropping further to an intraday low of $106,836. A mild rebound occurred late in the session, lifting to $107,641, slightly easing the decline but remaining relatively low.

June 13:Bitcoin briefly continued the prior day’s rebound, rising to $108,420 after the open. However, it then faced significant selling pressure, rapidly falling back to around $106,000 and consolidating briefly within that range. Market sentiment weakened further as prices plunged sharply to $103,412 at the time of writing, marking a notable short-term drop dominated by bearish momentum.

Summary

This week, Bitcoin’s overall price trend displayed a “rise then fall” pattern. From June 7 to 10, bullish momentum pushed prices steadily upward from around $104,000, breaking above the $110,000 mark, reflecting optimistic market sentiment. From the evening of June 10 through June 11, the market consolidated at higher levels, fluctuating between $108,500 and $110,300, with upward momentum gradually weakening. From June 12 to 13, Bitcoin underwent a significant correction, with prices dropping below multiple support levels, and sentiment shifting from bullish to bearish.

In general, this week’s price action reflects a classic pattern of a strong rally capped by resistance followed by a rapid correction. Investors should be cautious of potential technical corrections and signals of a medium-term trend reversal. It is advised to closely monitor key support zones and volume changes to determine whether the pullback may form a temporary bottom.

Bitcoin Price Movement (2025/06/07–2025/06/13)

2. Market Dynamics and Macroeconomic Background

Capital Flows

1.U.S. Spot Bitcoin ETF Holdings Surpass 1.1 Million BTC

As of June 9, according to Dune data, the on-chain total holdings of U.S. spot Bitcoin ETFs have exceeded 1.1 million BTC, currently reaching approximately 1.184 million BTC, accounting for 5.96% of Bitcoin’s total supply. The corresponding on-chain holding market value is about 125.8 billion USD, demonstrating institutional investors’ continued confidence in Bitcoin’s long-term value.

2.Bitcoin Balances on Exchanges Drop to Historic Low

According to Coinglass data on June 9, major crypto exchanges have seen an outflow of 65,393.48 BTC over the past week, broken down as follows:Binance: outflow of 8,765.65 BTC;Coinbase Pro: outflow of 9,324.93 BTC;Bitfinex: outflow of 25,711.35 BTC

As of June 9, the total Bitcoin balance on crypto exchanges dropped to 2,092,731.59 BTC, hitting a historic low. This trend is generally considered a bullish signal in the medium to long term, as investors withdrawing assets from exchanges may intend to hold long-term or manage them off-chain.

3.On-Chain Capital Dynamics: Concentrated Emergence of High-Leverage Long Positions

• On June 9, a newly created wallet deposited 5.5 million USDC to Hyperliquid, opening a 20x leveraged BTC long position. The current position market value exceeds 53.65 million USD, reflecting strong bullish sentiment on short-term market movements.
• On June 10, a mysterious whale further increased its 20x leveraged long position, holding 2,817.58 BTC with a total position value over 300 million USD and current unrealized profits of about 4.6 million USD.
• On June 11, on-chain analysis indicated this large position might be held by AguilaTrades, now expanded to 3,956.32 BTC with a total market value exceeding 432 million USD and unrealized profits exceeding 2.7 million USD.

These data suggest that during market fluctuations, some capital chooses to seek upside via high leverage, increasing market volatility.

4.Spot Bitcoin ETF

Daily ETF fund inflow/outflow details this week:

June 9: +386.2 million USD net inflow
June 10: +431.2 million USD net inflow
June 11: +164.6 million USD net inflow
June 12: -202 million USD net outflow

Overall, Bitcoin ETFs maintained a net inflow trend this week, with large capital inflows recorded over the first three trading days, showing strong institutional appetite for Bitcoin allocation. However, the 202 million USD net outflow on June 12 may reflect market sensitivity to short-term price volatility. Notably, despite the single-day outflow, the cumulative net inflow this week still exceeds 780 million USD, continuing the capital recovery trend since May. This capital movement partly supports Bitcoin’s price holding at elevated levels and highlights the role of ETF products in guiding spot market funds.

ETF Inflow/Outflow Data Image

Technical Indicator Analysis

1.Relative Strength Index (RSI 14)

According to Investing.com data, Bitcoin (BTC) has a 14-day Relative Strength Index (RSI) of 21.246, which is clearly in the oversold zone (generally below 30 is considered oversold).
The current RSI level indicates strong selling pressure in the short term, with investor sentiment leaning toward caution or panic. Historically, an RSI below 25 usually signals that selling is nearing an extreme, offering some technical rebound potential. However, considering the current macro environment and market sentiment, it is recommended to combine this with other indicators to improve judgment accuracy.

2.Moving Average (MA) Analysis

5-day Moving Average (MA5): $107,419.08
20-day Moving Average (MA20): $106,737.49
50-day Moving Average (MA50): $98,158.72
100-day Moving Average (MA100): $94,355.35
200-day Moving Average (MA200): $88,503.84
Current Market Price: $103,922.85

MA5, MA20, MA50, MA100, MA200 Data Image

The current BTC market price has fallen below the short-term moving averages (MA5 and MA20), indicating weakening short-term momentum and some price correction pressure. However, from a mid- to long-term perspective, the price remains above MA50, MA100, and MA200, showing that Bitcoin’s overall bullish structure has not been broken. This currently appears more as a healthy technical correction.
It is particularly noteworthy that a death cross sign is emerging between MA5 and MA20, suggesting continued short-term downward pressure; meanwhile, MA50 and MA200 maintain a bullish alignment, preserving the long-term uptrend.
Going forward, it is advised to watch whether BTC can effectively stabilize above MA50 (around $98,158), as this level may serve as strong support; if broken, there is a risk of mid-term trend weakening.

3.Moving Average Convergence Divergence (MACD) Analysis

According to Investing.com data, the MACD is currently negative (−1068.9), indicating that the short-term moving average (12-day EMA) is below the long-term moving average (26-day EMA), showing weakened recent market momentum. Combined with a “Sell” signal, this is a typical technical bearish indicator.
If the histogram continues to expand into negative territory, it may imply strengthening bearish momentum; however, if the histogram narrows or begins to rebound, close attention should be paid for signs of a potential bottom stabilization.

4.Key Support and Resistance Levels

Support:Bitcoin’s current short-term key support level is at $103,000. On June 13, Bitcoin’s price showed a significant pullback and stabilized near this level, indicating some buying willingness from bulls in this area.

Resistance:The short-term core resistance is concentrated near $110,300. From June 10 to 12, Bitcoin tested this price level for three consecutive trading days but failed to break through effectively, then retreated. This indicates strong selling pressure in this area, possibly representing a concentrated profit-taking zone for prior bulls, forming a significant technical resistance for the current upward phase.

Overall, if Bitcoin can maintain above $103,000, it still has momentum to test the $110,300 resistance zone. Conversely, if it breaks below this support, a further correction to the 20-day moving average or the psychological level of $100,000 cannot be ruled out. Close monitoring of market volume changes and catalyst news events is recommended.

Market Sentiment Analysis

1.Sentiment Overview

This week, the overall sentiment in the crypto asset market showed a trend of rising first and then falling back. From June 9 to 10, Bitcoin rose consecutively, strongly breaking through the key psychological level of $110,000, significantly boosting market confidence. During this period, investor risk appetite recovered, reflected by increased willingness to hold coins and higher trading activity, with overall sentiment tending toward optimism and bullishness. However, as Bitcoin prices experienced consecutive pullbacks from June 12 to 13, market heat clearly cooled down, sentiment indicators weakened simultaneously, and investor cautiousness increased.

2.Key Sentiment Indicator (Fear & Greed Index)

The Fear & Greed Index, an important tool for measuring crypto market investor sentiment, effectively reflects the cyclical changes in market risk appetite. As of June 13, the index stood at 54, positioned within the "Neutral" range, indicating relatively balanced current market sentiment and a cautious, watchful attitude among investors regarding future trends.
Reviewing the week from June 7 to June 12, the daily index values were: 52, 55, 55, 64, 65, and 61. Overall, the index remained in the 52–55 range in the early part of the week, reflecting moderately bullish sentiment. Following Bitcoin’s strong breakthrough of key resistance on June 9 and 10, the sentiment indicator quickly rose to 64–65, signaling a clear short-term “greedy” state and increased risk appetite. However, starting June 11, alongside price adjustments, sentiment cooled down and the index dropped to 54, indicating a more rational market mood with short-term funds possibly moving into a wait-and-see phase.

Fear & Greed Index Data Image

Macroeconomic Background

1.US Employment and Inflation Data: Increased Hope for Soft Landing, Risk Assets Rebound

The US nonfarm payroll data released on June 6 showed strong performance, with 139,000 new jobs added, exceeding market expectations and indicating continued labor market resilience; the unemployment rate remained steady at 4.2%, with no significant deterioration. The May CPI data released on June 11 showed a month-on-month increase of only 0.1%, with the year-on-year growth slowing to 2.4%, below the previous value and slightly better than expected, strengthening market expectations for interest rate cuts within the year.
This data combination was interpreted by the market as increasing the likelihood of a "soft landing," driving Bitcoin’s short-term breakout above $110,000 and maintaining overall bullish sentiment. The Bitget report noted that against the backdrop of slowing inflation growth and risk asset recovery, Bitcoin rose more than 5% in mid-June.

2.Federal Reserve Policy Outlook: Dot Plot May Guide Market Expectations

The Federal Reserve is scheduled to hold the FOMC meeting on June 17–18. The market widely expects no immediate rate cuts at this meeting, but attention has shifted to the forthcoming dot plot and Powell’s remarks, which could influence the pace of rate cuts in the second half of the year and the US dollar’s trajectory, thereby indirectly impacting crypto asset prices.

3.Global Policy Benefits: Accelerated Release of Institutional Support

• US Congressional legislative progress accelerates: Two key bills, the CLARITY Act and the GENIUS Stablecoin Act, are advancing. If formally enacted, they will bring regulatory clarity and a foundation for long-term development to the digital asset market.
• The UK may open crypto ETPs to retail investors: The FCA is considering lifting the retail investor ban, sending a regulatory-friendly signal in Europe.
• ProCapBTC institutional entry plan: Renowned crypto investor Anthony Pompliano plans to raise $750 million via a SPAC for long-term Bitcoin holdings, marking a more mature approach by traditional capital in BTC markets, and seen as resonating with potential policy directions under Trump.

4.Leverage Liquidations and Short-term Capital Outflows: Triggers for Phase Correction

Between June 12 and 13, Bitcoin prices dropped over 4%, triggering forced liquidations of multiple high-leverage accounts, resulting in chained selling pressure. At the same time, some short-term profit-taking funds exited at highs, causing a short-term liquidity decline and concentrated selling pressure, which became key drivers for the technical correction in the short term.

5.Geopolitical Volatility and Safe-haven Sentiment

On June 13, Israeli airstrikes on Iran sharply worsened the Middle East situation. Market safe-haven sentiment increased, with traditional safe assets such as gold rising in the short term, while Bitcoin faced downward pressure as it was temporarily viewed as a high-volatility risk asset, dropping about 4–5% and retreating to around $103,000.

3. Hashrate Changes

During the period from June 7 to June 13, 2025, the Bitcoin network hashrate showed fluctuations as detailed below:

On June 7, the Bitcoin network hashrate fluctuated significantly, dropping intraday from 853.07 EH/s to a low of 795.10 EH/s, then quickly rebounding to a high of 982.36 EH/s. It then corrected again to 888.57 EH/s before slightly rising to 929.83 EH/s by the end of the day. The overall trend exhibited large volatility, possibly influenced by short-term miner block production efficiency fluctuations and dynamic network difficulty adjustments.

On June 8, the hashrate followed a “rise then fall” pattern, climbing to 1013.21 EH/s in the morning, then briefly pulling back before continuing upward to a peak of 1100.69 EH/s — a recent high. However, it then dropped sharply, closing at 907.07 EH/s, indicating a phase of reduced miner participation at high levels, possibly related to equipment adjustments at some mining farms or regional electricity fluctuations.

On June 9, the hashrate oscillated around 900 EH/s. It first rose to 934.71 EH/s, then fell to 866.07 EH/s, rebounded mid-session to 945.33 EH/s, but dropped again near the close, ending at 853.25 EH/s. This showed increased volatility, reflecting the dynamic interplay between network block production efficiency and miner connection stability.

On June 10, the hashrate steadily rose from 842.97 EH/s, breaking through 935.89 EH/s and 1005.98 EH/s successively, eventually reaching 1075.83 EH/s in the evening.

On June 11, the hashrate exhibited notable high-level oscillation followed by decline. It fluctuated around the 1050 EH/s level, peaking at 1080.27 EH/s, showing miners maintained relatively active computing power. Then the hashrate gradually declined, closing the day at 907.88 EH/s.

On June 12, the hashrate further dropped to an intraday low of 885.52 EH/s before rebounding to 972.56 EH/s and fluctuating around 950 EH/s. This indicated a certain recovery willingness and volatility in computing power, with the day ending at 933.76 EH/s.

On June 13, the hashrate continued weakening, falling to about 880 EH/s at the time of writing.

Overall, from June 7 to 13, 2025, Bitcoin’s hashrate demonstrated wide-range volatility. During this period, it once broke above 1100 EH/s, marking a phase high, reflecting miners’ active network participation amid rising coin prices and improved mining profitability. However, starting June 11, the hashrate gradually declined, noticeably affected by the sharp price drop from June 12 to 13. This fluctuation reflects the network’s ongoing hashrate restructuring stage, driven by multiple factors including miner block efficiency, block reward expectations, and regional electricity prices. If prices continue to fall, hashrate may face further pressure; conversely, if the market recovers, computing power is expected to rebound quickly.

Bitcoin Network Hashrate Data

4. Mining Revenue

According to data from YCharts, the total daily revenue of Bitcoin miners (including block rewards and transaction fees) for this week was as follows:June 7: $47.4 million;June 8: $50.91 million;June 9: $47.3 million;June 10: $58.4 million;June 11: $48.72 million.

From the overall trend, miners’ daily total revenue this week roughly maintained between $47 million and $58 million, showing some degree of fluctuation. June 10 marked the peak, possibly related to a short-term increase in network transaction activity and heightened demand for block space on that day. Additionally, the proportion of fees during this period was relatively moderate, reflecting that on-chain activity, while not fully sluggish, has not yet recovered to bull market peak levels.

Over the past week, the unit hashrate revenue of the Bitcoin network (Hashprice) showed a pattern of rising then falling. As of June 13, Bitcoin’s unit hashrate revenue was $52.14 per PH/s/day, slightly down from the start of the week. June 7 recorded the week’s low point at $52.17 per PH/s/day; subsequently, boosted by a rebound in coin price and a brief uptick in on-chain transaction activity, Hashprice rose to a weekly high of $55.16 per PH/s/day on June 10, indicating a phase of improved miner revenue. However, as market conditions weakened, Hashprice retreated from its high, dropping to $51.75 per PH/s/day by the weekend.

From a cyclical perspective, the current Hashprice remains at a relatively low to mid level on a monthly scale, indicating that unit hashrate-generated revenue has not significantly improved compared to the past month. But from a quarterly viewpoint, it still remains in a relatively high range, meaning that under current Bitcoin prices and network competitive pressures, miners with scale and low-cost advantages can still maintain considerable profit margins. Nevertheless, if coin prices continue to be under pressure or transaction activity remains weak, Hashprice may face further downward pressure.

The ongoing low on-chain transaction activity is compressing miners’ fee income space. Data shows that as of June 9, the seven-day average daily transaction count on the Bitcoin network dropped to 317,000, the lowest since October 2023. Due to insufficient transaction volume, some miners began accepting low-fee transactions below 1 sat/vB, and even processed non-standard transactions via Slipstream channels operated by entities like MARA. However, this practice has sparked controversy, with 31 Bitcoin core developers jointly voicing concerns that such methods may undermine Bitcoin network’s censorship resistance and decentralization principles.

Hashprice Data

5. Energy Costs and Mining Efficiency

According to data from CloverPool, as of the time of writing on June 13, the total Bitcoin network hashrate was 932.81 EH/s, with the current network mining difficulty at 126.98 T. The next difficulty adjustment is expected on June 14, with a projected decrease of 0.31%, lowering the difficulty to 126.58 T. This slight difficulty reduction typically reflects the exit of some hashrate, which may be related to rising energy costs, the impact of high-temperature climates on mining operations, or declining profitability of some older mining machines. From a trend perspective, although Bitcoin prices remain high, fluctuations in hashrate indicate that miners are still continuously seeking a balance between costs and revenues.

From the mining cost perspective, based on the latest MacroMicro model estimates, as of June 11, the unit production cost of Bitcoin mining was approximately $92,565.05, while the spot price at the same time was $108,686.63, corresponding to a Mining Cost-to-Price Ratio of 0.85, which remains within a typical profitable range (a value below 1 indicates mining profitability). This indicator is one of the key parameters for assessing mining economics. A ratio below 1 generally means most miners still have profit margin, while when this ratio approaches or exceeds 1, some high-cost mining farms will face pressure to shut down or relocate, thereby affecting the network-wide hashrate and difficulty changes.

Overall, at the current stage, Bitcoin mining remains profitable but is beginning to face the risk of shrinking marginal profits. Despite the slight difficulty adjustment downward in the short term, considering rising electricity prices in some regions globally (for example, parts of North America entering the summer peak period), and efficiency improvements from mining machine upgrades, the survival pressure on small and medium-sized mining farms is expected to gradually increase. As Bitcoin prices continue to hold above $100,000, the industry is entering a new phase of “high price, high cost,” with miners becoming significantly more sensitive to operational strategies, equipment investment return cycles (ROI), and electricity contract terms.

Bitcoin Mining Difficulty Data

6. Policy and Regulatory News

U.S. Congressman Introduces HR 3798 Bill to Establish National Strategic Bitcoin Reserve
On June 8, U.S. Republican Congressman Tim Burchett introduced the HR 3798 bill aimed at establishing a national strategic Bitcoin reserve and codifying it into federal law.

UK Insolvency Service Appoints First Crypto Asset Specialist to Recover Bitcoin and Other Digital Assets
On June 10, it was reported that the UK Insolvency Service has appointed former detective Andrew Small as its first full-time crypto intelligence officer. The move aims to improve the agency’s capacity to trace and recover digital assets like Bitcoin in bankruptcy and criminal cases. Over the past five years, bankruptcy cases involving crypto assets have surged by 420%, with the total asset value rising from around £1,400 in fiscal year 2019/20 to over £520,000 in 2024/25. The new role will help the Insolvency Service more efficiently recover crypto assets held by debtors, benefiting creditors and the UK economy.

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Brazilian Parliament Considers Strategic Bitcoin Reserve, Proposes 5% of Foreign Reserves Allocation
On June 12, it was reported that Brazil’s Chamber of Deputies is reviewing Bill No. 4501/2024, which proposes the establishment of a Sovereign Strategic Bitcoin Reserve (RESBit), with up to 5% of the country's international reserves to be allocated for Bitcoin purchases. The bill aims to diversify national treasury assets, hedge against currency volatility and geopolitical risks, promote blockchain technology development, and support Brazil’s central bank digital currency, Drex. The reserve would be jointly managed by the Central Bank of Brazil and the Ministry of Finance, utilizing secure technologies such as cold wallets and establishing a strict transparency mechanism. Congressman Luiz Gastão, the bill’s rapporteur, has voted in favor and emphasized a cautious and gradual implementation strategy to balance potential gains with risks.

Trump: U.S. Will Create Clear Regulatory Framework to Lead the Future of Bitcoin and Crypto
On June 12, during Coinbase’s "State of Crypto" summit, Donald Trump stated that the U.S. will strive to create a clear and simple market framework to enable the country to lead the future of Bitcoin and the broader crypto industry.

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7. Mining News

Report: Malaysia's Cryptocurrency Mining Market Expected to Grow to $5.13 Billion by 2025

On June 9, a report released by the Malaysia Blockchain Association revealed that rampant electricity theft by illegal miners, inconsistent policies, and a lack of legal clarity are hindering Malaysia from fully realizing its potential economic benefits from cryptocurrency mining.

The report forecasts that, driven by Malaysia’s strategic location, a growing tech ecosystem, and expertise in Shariah-compliant finance, the country’s crypto mining market will grow by 110.2% — from $2.44 billion to $5.13 billion by 2025. However, it emphasizes that internal challenges must be addressed to sustain this growth.

Malaysia’s multinational utility company, Tenaga Nasional Berhad (TNB), reported losses of RM 441.6 million (approx. $104.2 million USD) from power theft between 2020 and September 2024, largely attributed to illegal Bitcoin mining. Between 2018 and 2021, TNB reported losses as high as RM 2.3 billion (approx. $542 million USD) for similar reasons.

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OCEAN Mining Pool VP to Liquidate Bitcoin Holdings and Exit Industry over OP_RETURN Changes

On June 11, Jason Hughes, Vice President of the OCEAN mining pool, announced that he will sell all his Bitcoin holdings and exit the industry in protest against recent OP_RETURN protocol changes.

Hughes expressed deep disappointment toward Bitcoin Core developers, stating, “52 days ago, Bitcoin Core at least pretended to have principles,” and added that he is “exhausted from this fight.” He warned, “The very characteristics that made Bitcoin unique are now gone.”

Previously, Bitcoin Core developers announced plans to change OP_RETURN in an October release, which will no longer filter outputs containing large amounts of non-financial data. This update will increase the default data carrier size limit from 80 bytes to nearly 4 MB.

Hacker Group 'Librarian Ghouls' Exploits Russian Devices for Crypto Mining

On June 11, it was reported that the hacker group Librarian Ghouls (also known as Rare Werewolf) has compromised hundreds of devices in Russia to mine cryptocurrencies.

The group spreads malware through phishing emails disguised as legitimate organizations. Once a device is infected, they establish remote access and disable security systems like Windows Defender. The hackers gather hardware data such as RAM, CPU cores, and GPU specs to optimize mining software configurations.

The campaign began in December 2023 and has primarily affected Russian industrial firms and engineering schools, with additional victims in Belarus and Kazakhstan. According to Kaspersky, Librarian Ghouls may be hacktivists, as they rely on legitimate third-party tools rather than creating custom malware — a technique often used by similar activist groups.

8. Bitcoin Related News

Global Corporate and National Bitcoin Holdings (This Week’s Statistics)

1.El Salvador:As of June 9, mempool data shows El Salvador holds6,202.18 BTC, approximately$659 million USD.

2.Australia – Monochrome:According to official disclosures, Australia's Monochrome spot Bitcoin ETF (IBTC) held675 BTCas of June 6, with a market value of approximately107 million AUD.

3.Strategy (formerly MicroStrategy):Between June 2–8, Strategy purchased1,045 BTCfor$110.2 million USD. Year-to-date return is17.1%.As of June 10, 2025, total holdings reached582,000 BTC, with a market value exceeding$64 billion USD, and a return of56.85%.The company has not sold anyMSTRshares and has raised an additional$112.2 million USDto continue acquiring BTC.

4.Bitmine Immersion Technologies:The U.S. software company purchased100 BTCfor the first time, initiating its Bitcoin reserve strategy.

5.KULR Technology:As of June 9, KULR increased its Bitcoin holdings by118.6 BTC. As of June 5, its total holdings reached920 BTC, with a total investment of approximately$91 million USDand an average price of$98,760 per BTC.

6.Belgravia Hartford Capital:On June 9, the company made its first purchase of4.86 BTC, investing approximately$500,000 USD, initiating a Bitcoin reserve strategy.

7.GameStop:Between May 3 and June 10, GameStop acquired4,710 BTC.

8.Quantum BioPharma:The company's total holdings in Bitcoin and other crypto assets increased to$5 million USD, up$500,000 USDcompared to May.

9.The Blockchain Group:The company has been approved to launch an€11 billionfinancing plan to expand strategic Bitcoin reserves. It currently holds1,471 BTCand has established a€300 millionfinancing mechanism withTOBAM.

10.H100 Group:On June 11, H100 Group announced the completion of a$10.5 million USD (approx. 101 million SEK)funding round, which will be used to expand its Bitcoin reserve strategy.

11.Evertz Pharma GmbH:On June 12, it was reported that German natural cosmetics company Evertz Pharma increased its holdings by100 BTCin May, with an investment of approximately€10 million (approx. $10.8 million USD).
Management stated that Bitcoin will serve as a strategic asset and that the company will continue to evaluate further accumulation.

12.Monochrome (Update):As of June 11, Monochrome’s IBTC holdings rose to712 BTC, with a market value of approximately120 million AUD.

13.ANAP:On June 12, Japanese fashion brand ANAP increased its holdings by27.5031 BTC, bringing its total to153.4627 BTC.

14.DDC Enterprise:On June 12, cross-border e-commerce company DDC Enterprise added38 BTC, bringing its total to138 BTC.Since May, the return on investment has reached22%, and the company stated it will continue a long-term accumulation strategy.

15.Gumi:On June 13, Japanese game company Gumi purchased¥1 billion JPY (approx. $6.96 million USD)worth of Bitcoin, officially launching its Bitcoin asset allocation strategy.

16.Remixpoint:On June 13, Japanese public company Remixpoint added55.68 BTC, bringing its total holdings to981.39 BTC.

CryptoQuant: Bitcoin "Realized Market Cap" Hits Record $934.88 Billion, Reinforcing Long-Term Market Confidence

On June 8th, CryptoQuant analyst Oro reported that Bitcoin's realized market capitalization has reached a new all-time high of $934.88 billion, further strengthening long-term market confidence.

The key indicator, realized market cap, operates on the logic that when BTC is transferred into a wallet it is considered a “buy,” and when it is transferred out, a “sell.” By calculating each wallet’s average cost basis multiplied by the holdings, the total realized market cap across the network is obtained. This metric reflects the total capital that has entered the Bitcoin market through real on-chain activity.

Coinbase CEO: Bitcoin Is a Better Form of Money Than Gold

On June 9th, according to Cointelegraph, Coinbase CEO Brian Armstrong stated that Bitcoin is a better form of money than gold.

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Analyst: Surge in U.S. Buying Activity Suggests Bitcoin May Enter Healthy Uptrend

On June 10th, CryptoQuant analyst Crypto Dan wrote that there has been a surge in buying activity from U.S. investors. He noted that BTC’s current trend shows no signs of overheating, which is a common pattern during a post-correction uptrend, indicating that the market may remain optimistic.

ARK Report: Bitcoin's Rise Not Driven by Speculation—Capital Shifts from Real Estate and Autos to BTC

On June 11th, ARK Invest, led by Cathie Wood, released a report stating that Bitcoin rose 11.1% in May, reaching a new high of $112,000. Meanwhile, the U.S. real estate and automotive markets showed clear signs of weakness. Housing supply exceeded demand, and auto sales dropped from over 17 million units in April to 15.6 million units in May.

The report emphasized that Bitcoin's rise was not accompanied by speculative frenzy. Spot Bitcoin ETFs saw $5.5 billion in inflows—three times that of gold ETFs during the same period—suggesting that investors may be treating Bitcoin as a hedge rather than a speculative tool, engaging in rational portfolio reallocation under economic pressure.

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CNBC: Chart Indicates Bitcoin Could Rise to Record High Above $130,000
June 11 – CNBC reports that, according to chart analysis, Bitcoin is likely to surge above its all-time high of $130,000.

121 Public Companies Worldwide Hold Bitcoin on Their Balance Sheets
June 12 – Bitwise Head of Research Europe, André Dragosch, PhD, shared on social media that according to data from BitcoinTreasuries.NET, 121 publicly listed companies globally currently hold Bitcoin on their balance sheets. In comparison, the Wilshire 5000 Index alone includes 5,000 publicly traded companies in the United States, highlighting that corporate participation in Bitcoin is still at a very early stage.

Galaxy Digital CEO: Bitcoin Will Replace Gold
June 13 – The CEO of Galaxy Digital stated that Bitcoin will replace gold, with its price eventually reaching $1 million.