Sunday, 5 July 2026 · No. 94
Bitcoin range holds as exchange inflows rise and hashrate softens.
The Lead
Bitcoin sits near cost basis with rising exchange supply and no forced liquidation, allowing sellers to test lower levels without immediate capitulation. Holders treat extreme fear as a floor while hashrate eases and distribution quietly adds coins to available supply, yet the same low sentiment that limits buying also prevents aggressive unloading that would clear the range. The ignored tension is whether miners facing thinner margins will sustain security or accelerate sales into already soft liquidity. What happens to price if that hashrate contraction meets sustained net inflows rather than reversing?
The full briefing
The full briefing is free with an account
Four more sections every morning: market conditions, network health, geopolitical watch and the macro pulse.
Registration takes an email or a Nostr key, and either way 7 days of VIP come with it.
The Reading
Threat
QUIET
Conviction
66/100
15 sources cited
At Publication
Now and change since Sun 5 Jul
- BTC Price
- $62,713
- 24h Change
- 0.49%
- Fear & Greed
- 23
- Hashrate
- 931.7 EH/s
- MVRV
- 1.19
- Block Height
- 956,749
- S&P 500
- 7,483.24
- VIX
- 15.81
- Gold
- $4187
- DXY
- 100.86
- US 10Y
- 4.49%
- Oil
- $68.78
In This Briefing
The Wire
BITCOIN
Bitcoin jumps above $63,000, reversing end-June losses — CoinDesk
BITCOIN
Bitcoin experts split over plan to freeze Satoshi's 1.1 million bitcoin as quantum threat grows — CoinDesk
CONFLICT
Iran war live: Huge crowds mourn Khamenei, Trump vows to hold fire — Al Jazeera
CONFLICT
Houthis Say Forces 'Repelled' Saudi Warplanes From Threatening Iranian Civilian Airliner — ZeroHedge
ECONOMY
Why June’s jobs and inflation data are bullish for bonds — MarketWatch
ECONOMY
Why can’t Britain turn its green revolution into cheap energy? A visual analysis — Guardian Biz
Sources (15)
The Situation Room is paid for by its members, in sats: no ads, no data sales, no investors. Membership →