Thin volume and outflows meet easing energy risk without new safe-haven demand.

The Lead

Bitcoin trades near 65800 dollars on thin volume while exchange outflows remove sell pressure yet MVRV near 1.23 and extreme fear readings show holders clustered at breakeven without fresh conviction. The Iran framework deal reduces one energy volatility source and should ease importer costs without creating new safe-haven flows or sanctions shifts that would normally lift non-sovereign assets. Positioning remains light and vulnerable to any volume reversal that turns net outflows into sustained inflows at current levels. What happens to participation if fear bottoms but conviction stays absent?

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The Wire

BITCOIN
Bitcoin mining difficulty drops 10% in 11th largest downward adjustment — Cointelegraph

BITCOIN
Bitcoin could crash to $48,000, if this historical pattern is triggered — CoinDesk

ECONOMY
The Inflation Sh*t Is Hitting The Fan — ZeroHedge

ECONOMY
Will the real Kevin Warsh please stand up? Ahead of his first Fed meeting, economists honestly don’t know what to expect. — MarketWatch

CONFLICT
U.S. crude drops nearly 5% as Washington-Tehran peace deal is set to open Hormuz Strait — CNBC

CONFLICT
Live markets: Bitcoin not fully out of danger as Trump warns of further Iran strikes — CoinDesk

Sources (23)

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