“Plus: Semler Scientific Wants to Hold Over 100,000 BTC by 2027”, – WRITE: www.coindesk.com
Asa Asia Begins Its Trading Day, Bitcoin
is Trading Above $ 104,500 and, Despite A Possible Looming War in the Middle East, Has Been Relative Flat on the Day with Negligible Market Movement. Indeed, for the Last Full Week, BTC is Only Down 2%, Account to Coindesk Market Data.
Analysts are debating whother the Crypto Market’s Current Stillness is a sign of Strength or if something precarious is afot.
Three New Reports this Week from Cryptoquant, Glassnode, and Trading Firm Fladesk All Point to the SAME SURFACE CONDERS: LOW VALATITY, TIGHT PRICE ACTIA. Additionally, Retail Participation Has Waled, and Institutional Players, from Etfs to Whales, Are Now Shaping The Structure of Flows.
But Is Cryptoquant That’s Flashing the Mist Urgent Warning.
In it June 19 Report, Cryptoquant Argued that BTC Could Soon Revisit $ 92,000 Support OR Even Fall As Low As $ 81,000 IF Demand Continues to Deteriorate.
Spot demmand is still increASING, But WELL BELOW TREEN. ETF Flows Have Droped by More than 60% Since April, While Whale Accumulation have Halved. Short-Term Holders, Who Are USUALLY NEWER Market Participants, HAVE SHED APROXIMATELY 800,000 BTC Since Late May.
Their demandum index, which tracks directional buying strength across Key Cohorts, is now Reading Negative 2 Million Btc, The Lowest in Cryptoquant’s Dataset.
(Cryptoquant)
Glassnode, However, SEES The SAME SIGNALS AND ARRIves at A Far Less Dire Conclusion.
In itekly on -chain update, the FIRM ACKNOWLEDGES THAT The BITCOIN BLOCKCHAIN IS “QUiet,” Meaning Transaction Counchers Are Down, Fees Are Minimal, and Miner Revenue Is Subdied.
However, This Suggests that It May Not A Weakness, But Rather A Reflection of the Network’s Evolution. On -chain Settlement Volume Remains High, But It’s Concentrated in Large-Value Transfers, Suggesting The Chain Is IncreASINGly Being Used by Institutions and Whales.
The Derivatives Market, Glassnode Notes, Now Dwarfs On-Chain Activity, With Futures and Options Volumes Regularly Exceeding Spot by 7x-16x.
That shift has broupHht more sophisticated Hedging, Better collateral Practices, and a more mature, if less frenetic, Market Structure.
France-Based Flowdesk, A Market Maker and Trading Firm, Has Views that Fall Somewhere in Between.
While Noting Thinning Altcoin Flows and Flat Market-Making Volumes, ITS JUNE 19 UPDATE DESCRIBES THE MARKET AS “CoILED,” NOT CRACING.
FlowDesk Highlights a surge in tokenized assets, Such as Gold-Backed Xaut (Up 56% in Volume), Stablecoin Growth, and IncreASING RWA ACTIVITY.
To them, Low volatility May Simply be the Calm Before a Directional Breakout, WHICH is not Necessarily Downwards.
But in the end, no one sems to hold a relief map for what’s ahead.
Even Polymarket Bettors Aren’t Sure as there is a near equal chance of btc dropsing to $ 90k in june or moving up to $ 115k-120k.
One Thing Is for Sure: The Tug-of-War Between Bullish Institutional Activities and Waning Retail Demand Potentally Market’s Next Chapter.
(Coindesk)
Presto Research Says Crypto Treasury Companies Have Less Risk Than You ThinkA New Report from Presto Research Argues that Crypto Treasury Companies (CTCS), Such As Strategy and Metaplanet, Are Not Just Levergged Bitcoin Etfs, But A NEW FORM FORM. Many Investors Assume.
Strategy’s Latest Raise, WHICH RAISED NEARLY $ 1 Billion Via Perpetual Preferred Shares, Shows How Btc’s Volatility Can Be Used to Anxuer’s Advantage.
THESE Securities, Along with Convertible Bonds and at-The-Market Equity Sales, ALLOW CTCS TO FUND AGGRESSIVE CRYPTO accounting with
Presto Points out of that strategy’s btc is unpleted and metaplanet’s bonds are unsecured, Meaning collateral Liquidation, The Primary Trigger In Past Crypto Blows Likes Likes Likes Like. Absent here. That does not eliminate risk, but it changes the Nature of it.
The Real Challenge, Presto Argues, is Not Crypto Exposure Itself But The Discipline to Manage Dilution, Cash Flow, and Capital Timing.
Metaplanet’s “Bitcoin YIELD” METRIC, WHICH MEASURES BTC Per Fully Diluted Share, Reflects that Focus on Shareholder Value.
As Long as CTCS Can Manage The Financial Mechanics Begind Their Acumulation Strategies, They Will Eartn NAV Premium Just Like High-Growth Companies in Traditional Markets. But if they miscalculate, the same tools that fuel their rise could Accelerate their Fall.
Semler Scientific Maps Bold Plan to Hold 105,000 BTC by 2027Semler Scientific (Nasdaq: Smlr) Has Unveiled One of the most aggressive bitcoin accounting RoadMaps in Corporate History, Announcking Plans to Hold 10,000 BTC BTC BTC BTC. Staggering 105,000 by the Close of 2027.
The California-Based Medical Device Maker, WHICH PIVOTED TO A BITCOIN Treasury Strategy Last Year, Is Effectiely Trying to Increase It The Chillcoin Bitcon. NEXT 30 MONHS.
IT Plans to do so our using a mix of equity raises, debt Financeing, and Operational Cash Flow.
There aren’t SPECIFIC DETAILS OF How The Company Plans to Fund The Buy. Hwever, Historically Semler’s Primary Mechanism for Acquire Bitcoin Was Selling New Shares Under It-The-Market (ATM) Program, Which Relies on the Company).
According to Data from Strategy-Tracker, Semler’s Mnav Currently Sits at 0.859X, Meaning The Market Values The Firm’s Equity Lower Thanks Holdings, Which Cott ACCRECTIVE CAPITAL.
How this Dynamic Plays Out, Wound Be Warting as The Firm Initiates More Bitcoin Buying. Even as Bitcoin have had Surged to All-Time Highs Above $ 100,000, Semler Shares Are Down Nearly 40% on YEAR.
Market Movements:
- BTC: Bitcoin Remains Stuck Below $ 105k Despite Strong Etf Inflows, With Repeated Resistance at $ 105.150 and Signs of Institute Acccumulation Offset Vyat-Term Bearish Mmentum Mmentum.
- Eth: Ethereum Found Support at $ 2,490 After a High-Volume Selloff Broke Key Levels, with The Price Consolidating in a Tight Range Amid Geoplitica. Breakout If Resistance AT $ 2,510 is Cleared.
- GOLD: Gold Hovered Near $ 3.366 On Thursday, Little Changed Ascalating Geopolitical Tensions Offset Pressure from The Fed’s Hawkish Stance, While Platinum retreated after Hitting; US Markets Remoned Closed for Juneteent.
- Nikkei 225: Japan’s Nikkei 225 OPENED 0.24% Higher Friday Asa Asia-Pacific Markets Mostly Rose Ahead of China’s Loan Prime Rate Decision and Amid Ongoing Israel-Iran Tensions.
Elsewhere in Crypto:
- Visa Expands Stablecoin Reach in Europe, Middle East and Africa (Coindesk)
- WHY PRO-Israel Group’s $ 90m Crypto Hack Could Be a Hammer Blow For Iran’s Regime (Coindesk)
- Solana Will Flip Ethereum, Anthony Scaramucci Predicts (Decrypt)
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