Blab Crypto
Bitcoin Holds $60,000 as ETF Demand Slows; Analyst Highlights Long-Term Value
Bitcoin (BTC) has maintained a price near $60,000 despite a more than 20 % decline over the past month, a level that some analysts view as a potential long‑term support point.
In a podcast aired on June 22, crypto analyst InvestAnswers noted that Bitcoin was down roughly 12 % in June, even after a $3,000 rebound that began on the previous Thursday. The price movement occurred without significant inflows from spot Bitcoin exchange‑traded funds (ETFs), which have been a key source of demand in recent years. InvestAnswers highlighted that long‑term holder supply has risen to a record 16.62 million BTC, a figure that suggests patient investors are removing coins from circulation and could create a supply squeeze if demand recovers.
The analyst also questioned the extent to which U.S. Federal Reserve policy is driving Bitcoin’s price action. He argued that Bitcoin has fallen even as global liquidity has increased since 2024, describing the asset as an “independent sovereign apex predator.” Turning to Strategy Inc. (NASDAQ:MSTR), InvestAnswers reported that the company recently sold 32 BTC, a move that intensified concerns about Michael Saylor’s Bitcoin‑buying strategy. However, Strategy Inc. also bought additional Bitcoin last week and raised its cash reserve to about $1.4 billion, a balance that could cover roughly 12 months of STRC dividends. CEO Phong Le purchased $1 million worth of STRC shares, a gesture the analyst interpreted as a confidence signal while the preferred stock trades below par.
InvestAnswers cited an AI‑based probability model that ranks Bitcoin as the asset with the highest likelihood of generating wealth over the next 30 years, narrowly ahead of Tesla Inc. and SpaceX. The model’s assessment is grounded in Bitcoin’s digital scarcity, with 95.5 % of the total supply already mined and only 4.5 % remaining to be issued over the next 120 years.
At present, Bitcoin’s price stability around $60,000, the record level of long‑term holder supply, and the recent activity at Strategy Inc. suggest that the market may be approaching a late‑stage bear‑market bottom. The asset’s performance will continue to be monitored against ETF demand, regulatory developments, and broader macro‑economic conditions. Analysts will be watching for potential ETF inflows, price movements toward the $100,000 threshold, and any further corporate Bitcoin purchases that could influence investor sentiment.
In a podcast aired on June 22, crypto analyst InvestAnswers noted that Bitcoin was down roughly 12 % in June, even after a $3,000 rebound that began on the previous Thursday. The price movement occurred without significant inflows from spot Bitcoin exchange‑traded funds (ETFs), which have been a key source of demand in recent years. InvestAnswers highlighted that long‑term holder supply has risen to a record 16.62 million BTC, a figure that suggests patient investors are removing coins from circulation and could create a supply squeeze if demand recovers.
The analyst also questioned the extent to which U.S. Federal Reserve policy is driving Bitcoin’s price action. He argued that Bitcoin has fallen even as global liquidity has increased since 2024, describing the asset as an “independent sovereign apex predator.” Turning to Strategy Inc. (NASDAQ:MSTR), InvestAnswers reported that the company recently sold 32 BTC, a move that intensified concerns about Michael Saylor’s Bitcoin‑buying strategy. However, Strategy Inc. also bought additional Bitcoin last week and raised its cash reserve to about $1.4 billion, a balance that could cover roughly 12 months of STRC dividends. CEO Phong Le purchased $1 million worth of STRC shares, a gesture the analyst interpreted as a confidence signal while the preferred stock trades below par.
InvestAnswers cited an AI‑based probability model that ranks Bitcoin as the asset with the highest likelihood of generating wealth over the next 30 years, narrowly ahead of Tesla Inc. and SpaceX. The model’s assessment is grounded in Bitcoin’s digital scarcity, with 95.5 % of the total supply already mined and only 4.5 % remaining to be issued over the next 120 years.
At present, Bitcoin’s price stability around $60,000, the record level of long‑term holder supply, and the recent activity at Strategy Inc. suggest that the market may be approaching a late‑stage bear‑market bottom. The asset’s performance will continue to be monitored against ETF demand, regulatory developments, and broader macro‑economic conditions. Analysts will be watching for potential ETF inflows, price movements toward the $100,000 threshold, and any further corporate Bitcoin purchases that could influence investor sentiment.
