The reversal suggests that Wall Street’s aggressive unwind of long Bitcoin exposure may have reached a point of temporary
·2 min read
Compiled by KHAO Editorial
— aggregated from 7 sources.
See llms.txt for citation guidance.
✓ KHAO Verified
CryptoQuant data points to a similar shift among large holders.
Key facts
Data from oilprice.com showed that West Texas Intermediate crude dropped nearly 5% to hover around $80 per barrel, while Brent crude slipped below $84
Data from CryptoSlate shows that the flagship digital asset rose more than 3% to reach as high as $65,940, but has since retraced slightly to $65,668 as of press time
By June 14, the total supply held by wallets containing at least 100 BTC had reversed a 12-day decline
However, a move back below $62,000 would weaken that setup and put the $60,000 region back in focus
Summary
01 Bitcoin reclaimed $65,000 after Trump announced a US-Iran peace deal that eased geopolitical pressure. 02 The agreement reopened the Strait of Hormuz, sent oil lower, and helped lift crypto and equity markets. 03 The rally now hinges on Warsh's first Fed meeting, while Bitcoin must hold $65,000 to avoid renewed selling. Bitcoin climbed back above $65,000 earlier today, reversing weeks of intense selling pressure after a sudden diplomatic breakthrough between the United States and Iran lifted a major geopolitical cloud over global financial markets. Data from CryptoSlate shows that the flagship digital asset rose more than 3% to reach as high as $65,940, but has since retraced slightly to $65,668 as of press time.