Bitcoin holds near 61,000 dollars as ETF outflows and sanctions pressure converge.

The Lead

Bitcoin trades at roughly 61,000 dollars under persistent selling that has already cleared leveraged longs and left holders near breakeven with little visible defense.^[1] Exchange outflows continue yet fail to stabilize price while ETF redemptions have stripped billions in recent weeks.^[2] The ignored contradiction sits in the geopolitical layer: fresh sanctions on Iranian exchanges test Bitcoin’s sanctions-resistance claim at the exact moment oil flows through Hormuz remain throttled at 15 percent of normal.^[3]^[4] How much of the current selling reflects deliberate distribution by participants who now treat Bitcoin as just another risk asset rather than a distinct monetary tool?

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The Wire

BITCOIN
Strategy Shares Fall to 4-Month Low as STRC Dips and Bitcoin Sinks Under $60K — Decrypt

BITCOIN
Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing? — Cointelegraph

ECONOMY
U.S. job growth blows past forecasts, setting stage for Fed rate hikes — CoinDesk

CONFLICT
Zelenskyy: Putin choosing war by rejecting offer for in-person talks — Al Jazeera

ECONOMY
U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3% — CNBC

CONFLICT
U.S. military says it shot down Iranian drones launched toward Gulf allies — NPR World

Sources (15)

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