Bitcoin Nears $67K as Standard Chartered Flags Crypto Spring, Strategy Buys $100M BTC

Bitcoin News

Bitcoin (BTC) held around $65,000 on Wednesday as traders fixed their attention on the U.S. central bank, which delivered its rate decision after a two-day meeting. In the first gathering under new chair Kevin Warsh, policymakers left rates unchanged in the 3.5%–3.75% range, but the removal of easing language from the statement trimmed risk appetite and pushed crypto to give back part of its weekly gains. BlackRock fixed-income chief Rick Rieder pointed to as much as $9 trillion in cash still sitting on the sidelines. Talk also circulated that BlackRock could launch its newly filed spot Bitcoin ETF, listed under the ticker BITA, within a week. A pullback in oil to $80 helped ease inflation worries somewhat.

Capital B, the Bitcoin treasury company trading in Paris under the ticker ALCPB, said it is developing a Bitcoin-collateralized lending product aimed at the European market. Board member Alexandre Laizet said the product draws on Strategy’s STRC and Strive’s SATA models and will be built on the firm’s 3,139 BTC balance sheet. Laizet noted that interest in digital credit instruments has risen tenfold from a year ago, with heavy tax burdens and outdated rules amplifying the need. The company is targeting 15,000 BTC by the end of 2027 and 1% of total Bitcoin supply by 2033. The goal is to deliver double-digit yield beneath double-digit volatility — a structure that mirrors institutional appetite on the Bitcoin DeFi (BTCfi) side.

Bitcoin mining firm MARA stepped back into accumulation, buying roughly $66.7 million worth of BTC — 1,000 coins — through institutional brokerage FalconX. On-chain data shows the purchase followed the large-scale sales the company carried out in the first quarter of 2026. MARA offloaded a total of 20,880 BTC in Q1, generating about $1.5 billion in proceeds at an average sale price of $70,137 per BTC. As one of the period’s biggest institutional liquidations, the firm’s return to the buy side reinforced the view that the bulk of the selling pressure may now be behind it. Whether the purchase reflects a long-term reserve plan or a price call remains unclear.

Bitcoin pushed above $67,000 after Trump announced a ceasefire agreement with Iran, yet weak conditions in derivatives markets kept the rally from convincing traders fully. The annualized premium on two-month futures stayed near 2%, below the 4% threshold considered neutral for the past three months and a sign of limited demand for leveraged long positions. In options, puts traded at a 16% premium to calls, underscoring appetite for downside protection. The 4% intraday jump triggered $210 million in liquidations among short positions. Spot Bitcoin ETFs drew $86 million in inflows on Friday, though total net outflows since June 5 have reached $730 million.

On-chain indicators, meanwhile, produced signals pointing to a bottoming process. Bitcoin’s Sharpe ratio, which measures risk-adjusted returns, fell to minus 20 on June 11 — a level also seen at the bear market bottoms of 2015, 2018–2019 and 2022–2023. Past examples, however, suggest this level marks the start of months-long base formation rather than a sharp rebound. Accumulation data also firmed up: wallets known for holding gathered roughly 125,000 BTC in the first half of June. Bitcoin reserves on exchanges have fallen by about 80,000 BTC since February to 2.71 million BTC, with more than 11,000 BTC pulled off exchanges in the past day alone. The picture suggests part of the near-term selling pressure has moved away from the spot side.

Another headline drawing attention was Elon Musk’s personal fortune reaching $1.4 trillion after SpaceX’s blockbuster IPO, surpassing Bitcoin’s roughly $1.318 trillion total market capitalization. SpaceX’s post-IPO valuation of $2.2 trillion and the repricing of Musk’s 42% stake added $101.7 billion to his wealth in a single day. With that, an individual fortune overtook the market value of the world’s largest crypto network — a striking financial anomaly. While the comparison is not a directly negative signal for Bitcoin, it again highlighted the valuation gap between traditional tech giants and crypto. Bitcoin previously reached an all-time high (ATH) of $126,000.

According to COINOTAG’s proprietary 42-indicator composite support-resistance scoring engine (as of 08:12 UTC), the $64,658 support stands as the strongest floor at 77 out of 100, formed by the confluence of the Fibonacci 0.236 level, S3 and the prior day’s low; $62,910 carries 66 points with contributions from the POC and the lower ATR band. To the upside, the $68,192 resistance scores 74 points via the Fibonacci 0.382 level and the prior day’s high, while $66,446 holds 64 points through Ichimoku Senkou A and the EMA 20. On the derivatives side, a funding rate of 0.0016%, open interest of $11.98 billion and a long/short ratio of 1.53 (60.5% long) point to slightly upward positioning. With the Fear & Greed Index at 22 in extreme fear, RSI at 41.69 and the trend still pointing lower, the cautious picture is reinforced. A daily close below $64,658 would invalidate the bullish scenario.