Bitcoin Holds $64K as $435M Liquidations Flush Longs, Panic Selling Halves

Bitcoin News

Bitcoin is changing hands near $63K after its upside momentum stalled in the wake of the latest Federal Reserve meeting, where the board left interest rates unchanged at the first gathering chaired by Kevin Warsh. Warsh struck a notably hawkish tone and reiterated that price stability is the priority. Tellingly, the token shrugged off a sharp move in the opposite direction across the oil market: Brent crude slid roughly 9% on the week to below $80 a barrel following a de-escalation around the Strait of Hormuz, yet Bitcoin gave up just 1%. That divergence undercuts the popular notion that an oil collapse front-runs Bitcoin bottoms, and it reinforces the view that monetary policy and positioning are doing the real driving right now.

On the corporate-treasury front, shareholders of France's Capital B signed off on June 17 on a sweeping financing plan that clears the way for up to €5 billion in new share issuance and €100 billion in credit instruments — one of the largest capital-raising mandates ever granted to a European digital-asset company. According to the company's official statement, more than 95% of votes backed the resolutions. Capital B currently holds 3,139 BTC and is aiming to accumulate roughly 210,000 coins — about 1% of total supply — by 2033. The firm is also weighing a Bitcoin-backed credit instrument designed to deliver double-digit returns with comparatively muted volatility.

The flip side of the leverage story played out in public this week after boxer Andrew Tate dropped around $95,478 on a leveraged Bitcoin trade, with his account absorbing eight liquidations on the decentralized derivatives venue Hyperliquid in the span of 24 hours. On-chain data shows he opened a long on 57.36 BTC at 40x leverage, a notional position worth $3.79 million, only for price to turn against him as traders braced for the Fed decision. He then flipped almost immediately into a short worth $934,000. All told, his liquidations on the platform now number more than a hundred, with cumulative losses approaching $800,000.

At the sovereign level, Oman went live on June 17 with a mandatory national Bitcoin mining pool routed through the OmanHash.om platform, requiring every licensed miner to direct its hashpower through the system. The technical backbone was built by Enegix Global, while local operations are run by Frontier Technologies out of Muscat, with an initial target of 10 exahashes per second. Oman commands roughly 3% of the network's global consensus power and has funneled more than $700 million into mining infrastructure since 2022. The move makes it the second country after Kazakhstan to embrace a centralized, state-run mining model under direct regulatory supervision.

In a further sign of widening institutional uptake, Franklin Templeton filed with the U.S. Securities and Exchange Commission to launch a new breed of exchange-traded funds branded Bitcoin DRIP. The two portfolios hold a basket of U.S. equities but reinvest the dividends into Bitcoin rather than back into stock. According to the official filing, the Bitcoin allocation starts at 5% and is capped at 20%, with a quarterly rebalance. The application is preliminary and could take effect as early as September, adding to a pipeline that may exceed 100 crypto funds across 2026.

On the payments side, GoMining unveiled a software development kit and APIs for its GoBTC Pay protocol, which lets merchants accept Bitcoin for everyday purchases in direct competition with Block's Square offering. The distinguishing feature is that merchants receive actual Bitcoin rather than fiat by default, with settlement happening straight on-chain via the Stratum V2 protocol, an average settlement time of about 12 hours, and a 0.2% fee split between wallet providers and miners. The company plans to onboard ten merchants in its first phase, pitching the system as a fix for the volatile fees and sluggish settlement that have long dogged crypto payments.

(as of 14:59 UTC) According to COINOTAG's composite support-and-resistance scoring engine, which draws on 42 indicators (refreshed at 14:57 UTC), resistance at $64,148 earns a 75/100 rating on the back of an R2 crossover, the 0.214 Fibonacci level, and Ichimoku's Tenkan line, while support at $61,864 scores 74/100 from an S2 confluence, a high-volume node, and the lower ATR band. In derivatives, a negative funding rate of -0.0005%, open interest of $11.6 billion, and a long/short ratio of 1.93 point to an overcrowded long bias despite the slide. A Fear and Greed reading of 14 (extreme fear) and an RSI of 36 reflect the kind of pessimism that can precede a bounce. The bullish case hinges on a break above $64,148, whereas a breakdown through $59,131 invalidates the thesis and opens the path toward the $52,679 zone within bear-market territory.