
Bitcoin’s bottom needs long-term holders to stop losing $280M a day
Glassnode says Bitcoin’s bottoming process needs long-term holder capitulation to cool, while the Fed minutes gave exhausted sellers fewer reasons to stop.
Read macro-driven crypto news linking Bitcoin and digital assets to rates, inflation, liquidity, geopolitics, and global markets.

Weak jobs, a softer dollar, and easing Iran-shock pressure put Bitcoin’s $60,000 reclaim on a direct path toward next week’s CPI test.

Weak US jobs data gave Bitcoin bulls a reason to chase the rebound, but options traders are still paying for downside protection as the long weekend turns $66,000-$68,000 into the rally’s next trap zone.

A $223 million inflow into spot Bitcoin funds offered relief to crypto markets after softer labor data reduced immediate pressure from rate expectations.

Bitcoin’s move back above $60,000 puts the market’s liquidity thesis on trial after a soft payrolls print, as traders weigh rate-cut odds, real yields, and holiday-thinned momentum into the long weekend.

Stablecoin supply dropped to $312 billion in Q2, while transaction counts and organic transfer volume also declined.

The court’s decision may make financial regulators more responsive to presidential priorities just as they prepare to define US digital asset oversight.



