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← ArchiveDaily BriefingGenerated 06:00 UTC

Sunday, 31 May 2026

Bitcoin faces miner hashrate contraction amid ongoing exchange inflows.

Threat: QUIETConviction: 68/10019 sources
Share
BTC Price$73,959
24h Change0.61%
Fear & Greed28
Hashrate1004.4 EH/s
MVRV1.36
Block Height951,806
S&P 5007,580.06
VIX15.32
Gold$4593
DXY98.94
US 10Y4.45%
Oil$87.36

The Lead

Bitcoin price action remains trapped in a narrow band while exchange inflows accelerate and MVRV sits below 2, indicating holders continue to offload rather than defend levels near 74,000. Miners face sustained margin compression after the halving with hashrate already down more than 10 percent year to date, yet the network difficulty adjustment due in two weeks will only partially restore profitability and cannot reverse the underlying contraction. This combination leaves Bitcoin exposed to further distribution if spot demand fails to absorb the incremental supply, even as geopolitical oil disruptions and contained macro stress provide no immediate catalyst for risk assets. The market has cleaned leverage but shows no evidence that reduced positioning will translate into accumulation at current valuations.

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The Wire

BITCOIN
Bitcoin is at ‘pivotal level’ as $65K downside risk looms: AnalystCointelegraph

BITCOIN
Spot Bitcoin ETFs see record 10-day outflow streak, analyst calls it ‘contrarian indicator’Cointelegraph

ECONOMY
Shortages And Rationing Loom As Global Oil Reserves Fall At Fastest Rate In HistoryZeroHedge

CONFLICT
Your portfolio can’t afford the real bill for the Iran warMarketWatch

CONFLICT
Oil exports through the Strait of Hormuz might not return to levels seen before the Iran warCNBC

ECONOMY
Analysis: An end to the Iran war may be just the beginning of a new era of U.S. inequalityCNBC

Sources (19)