According to Odaily, Solv Protocol, a Bitcoin financial yield and liquidity protocol, is currently participating in the Babylon Test-4 network. It is understood that Solv Protocol will officially become a node of the Babylon network next week, participating in its operations. In the past two months, the number of Bitcoins flowing into Solv Protocol through BNB Chain, Merlin Chain, and Arbitrum has exceeded 18,000, with a total value of 1.3 billion dollars. The volume of Bitcoin assets managed by Solv Protocol has surpassed multiple blockchains. The collaboration between Solv Protocol and Babylon will enable Bitcoin liquidity on various networks to participate in Bitcoin collateralization, enhancing the security of POS chains. At the same time, it will bring new sources of income to the broad Bitcoin ecosystem.

According to BlockBeats, on June 21, a user paid $3.617 million to sell 65,000 bullish options for Bitcoin (BTC) at the end of June, while simultaneously buying 100,000 bullish options for the end of March next year, totaling 250 BTC. The official explained that this type of operation is a common strategy recently, being bearish in the short term and bullish in the long term. The user uses the premium obtained from selling options to lower the cost of buying long-term options, making some hedges to reduce risk.

According to BlockBeats, on June 21, a whale moved 2510 BTC, equivalent to $1.63 billion, from CEX through three addresses six hours ago. The transaction was carried out at a price of $65,039 per BTC. The first address, 3ADUencNf9zzxMvz7QmJtgU5EsBXg1ScEZ, moved 1000 BTC. The second address, 3BTSgrNF7MhZEqCWYYK8mSp9YMTz1ZkgRX, moved 860 BTC. The third address, 3PBRjqe3mdACy2vBzn6o7M1SgWWrh1H7Gr, moved 650 BTC. This significant movement of Bitcoin indicates the active participation of whales in the market. However, the specific reasons behind this transaction remain unknown. It is also unclear whether this movement will have any significant impact on the Bitcoin market.

According to BlockBeats, Grayscale GBTC experienced a net outflow of $53.1 million on June 21. The data was provided by Farside Investors, who track the financial movements of various investment funds. This significant outflow from Grayscale GBTC indicates a shift in investor sentiment, possibly due to market fluctuations or changes in investment strategies. However, the specific reasons behind this substantial outflow remain unclear. It's important to note that such financial movements can have a significant impact on the overall market, influencing the value of the fund and potentially affecting other investors. Therefore, it's crucial for investors to keep a close eye on these developments. Further details about this financial movement or its potential implications have not been provided. The situation continues to be monitored by financial analysts and investors alike.

On Jun 20, 2024, 22:40 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 65,000 USDT and is now trading at 64,999.230469 USDT, with a narrowed narrowed 0.06% increase in 24 hours.

According to Odaily, Gabriel Selby, Chief Research Analyst at CF Benchmarks, has reported that spot Bitcoin ETFs have led to an 80% increase in open contracts in the CME Bitcoin futures market so far this year. The rise in open contracts can be attributed to the underlying trading between spot Bitcoin ETFs and futures contracts at the Chicago Mercantile Exchange (CME). This activity by institutional investors is said to enhance Bitcoin's liquidity and lay the groundwork for a more robust and interconnected market ecosystem. The interaction between spot Bitcoin ETFs and CME futures contracts is believed to promote arbitrage opportunities. As institutional investors engage in this activity, it not only increases the liquidity of Bitcoin but also strengthens the overall market ecosystem. This development is significant as it indicates a growing interest and involvement of institutional investors in the cryptocurrency market, which could potentially lead to a more stable and mature market in the future.

According to CryptoPotato, cryptocurrency investors have been displaying high levels of fear and uncertainty towards Bitcoin (BTC) over the past month. This unusual period of negativity, as reported by on-chain data analysis firm Santiment, could indicate a potential buying opportunity for those who can withstand the market's inherent volatility. Despite the potential for a price increase, the market is currently experiencing 'bitcoin trader fatigue' with prices fluctuating between $65,000 and $66,000. This marks an unusual fourth consecutive week of fear, uncertainty, and doubt (FUD). Santiment's data shows an extreme level of negativity in crowd sentiment towards BTC, which is rare as traders continue to sell off their holdings. Amid this FUD, bitcoin whales are accumulating BTC rapidly in anticipation of a market rebound. This negative sentiment, coupled with the accumulation by whales, typically leads to a market correction where bitcoin’s price rebounds strongly, benefiting patient investors. In addition, bitcoin’s price trajectory might soon benefit from favorable macroeconomic conditions in the United States. Financial commentator Tedtalksmacro, known for tracking the correlation between BTC price action and U.S. Federal Reserve liquidity, predicts a positive shift in the coming days. The BTC price has closely mirrored Fed liquidity conditions for several months, and with liquidity expected to bottom out and surge higher within the next ten days, bitcoin could see a corresponding rise. This analysis shows a consistent pattern where bitcoin price highs and lows align with peaks and lows in Fed liquidity. Notably, bitcoin’s latest all-time high of $73,800 in mid-March coincided with a liquidity spike.

On Jun 20, 2024, 14:05 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 65,000 USDT and is now trading at 64,956.519531 USDT, with a narrowed 0.26% decrease in 24 hours.

According to Odaily, Matt Hougan, Chief Investment Officer at Bitwise, has expressed his views on cryptocurrency and public chain investments on platform X. He suggests that investors should hold a variety of crypto assets if they wish to invest broadly in cryptocurrencies and public chains. However, if the focus is on investing in a new form of digital currency, Bitcoin should be the choice. Hougan believes that Bitcoin has the potential to become the dominant new 'currency' form in the crypto space, given its significant lead. The scale is crucial for currency, and unlike other assets, Bitcoin's design and community are both geared towards this goal. The currency market is vast, and if Bitcoin succeeds, there is still a lot of room for growth. However, public blockchains also have other potentially interesting applications. Ethereum (ETH) is currently leading these applications. Hougan's insights provide a balanced perspective on the crypto investment landscape, emphasizing the importance of diversification in crypto assets and the potential dominance of Bitcoin in the digital currency space.

According to BlockBeats, on June 20, Bitcoin mining difficulty underwent an adjustment at block height 848,736. The mining difficulty decreased by 0.05% to 83.68 T. The current average network hashrate stands at 598.97 EH/s. This adjustment in mining difficulty is a part of the Bitcoin network's self-regulating mechanism. It ensures that the time taken to add new blocks to the blockchain remains consistent. The difficulty adjustment occurs approximately every two weeks or after 2,016 blocks have been added to the blockchain. The decrease in mining difficulty suggests that fewer miners are competing to solve the mathematical problem that allows them to add the next block to the blockchain and claim the block reward. This could be due to a variety of factors, including market conditions, the cost of electricity, and the availability of mining hardware. The average network hashrate is a measure of the computing power of the Bitcoin network. A higher hashrate indicates a more secure network, as it would require a significant amount of computational power to launch a successful attack. The current average network hashrate of 598.97 EH/s suggests that the Bitcoin network remains robust and secure.

According to CryptoPotato, analysts are forecasting a bullish trend for Bitcoin (BTC), predicting spikes to $72,000-$74,000 and possibly above $100,000 by the end of 2024. Shiba Inu (SHIB) is seeing increased adoption and a significant rise in its burn rate, alongside a resurgence in the Shibarium network. Ripple’s XRP also shows potential for a rally, with predictions of price movements toward $0.75 and possibly up to $18 based on historical patterns. The primary cryptocurrency, BTC, has been on a downtrend in the last month, continuing to underperform in the past several days. It plunged toward $64,500 on June 18 before slightly rebounding to its current level of approximately $65,800. Despite the negative trends, some analysts speculate that the asset is headed for a new bull run in the following months. Crypto Rover recently claimed that BTC has 'bottomed' and is now poised to spike to $72,000-$74,000. Ali Martinez and Titan of Crypto were also bullish, suggesting that the asset might yet reach its cycle top, assuming it mimics its performance in previous bull runs. They believe the price could peak around December 2024 or by October 2025. The second-largest meme coin in terms of market capitalization, SHIB, made the headlines due to its increasing adoption. The popular gaming platform The Sandbox revealed that it holds SHIB and other meme coins such as DOGE, PEPE, BONK, and more. Prior to that, SHIB made waves due to its burn rate, which exploded by over 12,000% on a 24-hour scale, and the resurgence of the layer-2 scaling solution Shibarium. The network, which aims to foster the development of Shiba Inu, witnessed a spike in new contracts and daily transactions. Ripple’s XRP is among the few leading cryptocurrencies seeing some gains on a weekly basis. It briefly surpassed $0.51 on June 17, currently hovering the $0.49 level. Earlier this week, World of Charts and Dark Defender envisioned a further rally for the asset. The former noted a 'breaking falling wedge with strong volume,' expecting a possible move towards $0.75 in the following days. Dark Defender was even more optimistic, predicting a price explosion toward $18 should XRP repeat its performance from years ago.

According to BlockBeats, the BitVol Index, launched by financial index company T3 Index in collaboration with options trading platform LedgerX, dropped to 52.33 on June 20th. This is close to the lowest level since mid-February. The BitVol Index measures the expected implied volatility derived from the tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual options price. It is calculated using the B-S options pricing formula, substituting the actual options price and other parameters into the formula, excluding volatility σ. The actual price of options is formed by the competition of many options traders. Therefore, implied volatility represents the market participants' views and expectations for the future market, and is considered to be the closest to the real volatility at that time.

According to Odaily, statistics from HODL15Capital reveal that there are at least 40 billionaires worldwide who hold Bitcoin. The top three individuals with the highest net worth who own Bitcoin are Elon Musk, Mark Zuckerberg, and Larry Ellison, the chairman of Oracle Corporation. This data highlights the increasing acceptance and adoption of Bitcoin among the world's wealthiest individuals. The involvement of such high-profile figures in the cryptocurrency market could potentially influence its future growth and stability. However, it's important to note that while these billionaires' investments in Bitcoin indicate their confidence in the digital currency, it does not guarantee its future success. The volatile nature of cryptocurrencies means that their value can fluctuate dramatically, and investors should always be aware of the potential risks involved.

According to U.Today, early Bitcoin miners have reportedly made a profit of around $550 million this year. This substantial profit was primarily achieved when Bitcoin's price ranged from $62,000 to $70,000, demonstrating the significant financial gains that can be achieved with perfect market timing. CryptoQuant CEO Ki Young Ju revealed that these early miners, who were among the first to adopt and validate transactions on the Bitcoin network, have seen a significant return on their investment in 2024. They capitalized on the Bitcoin price surge this year, securing significant profits. Several Bitcoin wallets from the 'Satoshi era,' referring to the period when Bitcoin's pseudonymous founder, Satoshi Nakamoto, was active on public forums from late 2009 to 2011, have been reactivated since the start of 2024. In May, an early Bitcoin miner wallet that had been dormant for 14 years transferred 2,000 BTC, which most likely went to an OTC desk or custodian, as the coins were transmitted to multiple other fresh addresses almost immediately. The $62,000 to $70,000 price range has proven to be particularly lucrative for these ancient Bitcoin miners. This range represents a period when Bitcoin reached near its current all-time highs, providing an ideal opportunity for miners to sell their accumulated Bitcoin at premium prices. Bitcoin has quadrupled in price since the start of 2023, reaching an all-time high of $73,798 in March, boosted by demand for specialized U.S. exchange-traded funds. However, the surge has recently eased, as has the pace of ETF inflows. Bitcoin plummeted along with the rest of the cryptocurrency market on Tuesday, reaching a low of $64,010, amid global economic concerns and lower summer liquidity. At the time of writing, the price of Bitcoin was down by 0.52% at $64,998, sliding below $65,000 for the first time since May 16.

According to Odaily, VanEck's Bitcoin ETF was listed on the Australian Securities Exchange (ASX) on Thursday. This marks the first time a Bitcoin spot ETF has been listed on a major stock market in Australia. The listing of the Bitcoin ETF on the ASX signifies a significant milestone in the integration of cryptocurrency into mainstream financial markets. This development could potentially pave the way for increased institutional investment in Bitcoin and other cryptocurrencies. The listing of VanEck's Bitcoin ETF on the ASX is a significant step forward in the acceptance and legitimization of Bitcoin as a viable investment asset. It is expected to provide investors with a more accessible and regulated means of investing in Bitcoin, potentially leading to increased liquidity and stability in the Bitcoin market.

According to BlockBeats, Bitcoin has rebounded to over $65,000, with the current price standing at $65,086. The 24-hour decline has narrowed to 0.15% as of June 20. This marks a significant recovery for the cryptocurrency, which has been experiencing fluctuations in its value. The rebound indicates a positive trend for Bitcoin, despite the minor decline over the past 24 hours. This news comes amidst a volatile period for cryptocurrencies, with prices fluctuating widely due to various factors. However, Bitcoin's resilience and ability to bounce back demonstrates its potential as a robust digital asset. The narrowing of the 24-hour decline also suggests a possible stabilization in Bitcoin's price, which could be a positive sign for investors and traders in the cryptocurrency market.

According to Odaily, data from CryptoQuant indicates that as of June 19, the reserves of Bitcoin on exchanges, which refers to the total amount of Bitcoin available for trading, have dropped to a three-year low, reaching 2,825,703 BTC. In January 2024, the balance of Bitcoin on exchanges hovered around 3,039,000 BTC. Lower exchange reserves, sometimes referred to as exchange balances, suggest reduced selling pressure and potential supply shocks.

On Jun 19, 2024, 22:22 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 65,000 USDT benchmark and is now trading at 65,008.601563 USDT, with a narrowed narrowed 0.29% decrease in 24 hours.

According to Odaily, Lookonchain, a blockchain monitoring platform, reported on June 19 that there has been a significant reduction in Bitcoin holdings by Grayscale and nine Bitcoin ETFs. Grayscale, a major player in the cryptocurrency market, has reportedly reduced its Bitcoin holdings by 56, equivalent to approximately $3.6 million. Despite this reduction, Grayscale still holds a substantial amount of Bitcoin, with 280,322 units valued at approximately $18.22 billion. In addition to Grayscale, nine Bitcoin ETFs have also reduced their holdings. The total reduction across these ETFs is 442 Bitcoins, which is equivalent to approximately $28.7 million. This reduction in holdings by major players in the market could potentially have significant implications for the overall cryptocurrency market. However, the specific reasons behind these reductions have not been disclosed.

According to Odaily, Bitcoin ETF trading was halted due to the closure of US banks and the stock market. The information was initially disclosed by Bitcoin Magazine. The reason for the closure was not specified in the report. The halt in trading affected the spot Bitcoin ETF, a type of exchange-traded fund that tracks the price of Bitcoin. The impact of this halt on the overall cryptocurrency market is yet to be determined. Further details about the resumption of trading activities are expected to be released soon.