According to Odaily, data from Glassnode indicates a significant shift in the source of income for Bitcoin miners, primarily driven by transaction fees. At the beginning of 2024, the proportion of miners' income derived from transaction fees peaked at nearly 72% in April, then stabilized at a lower level. This change is associated with the launch of Runes during the halving period, indicating an increase in transaction processing demand. Historical data shows that a surge in fee income is usually related to price fluctuations or network activity. The latest trends suggest that when Bitcoin prices and network activity increase, miners can profit from transaction fees, highlighting the key role of transaction fees in miners' income. Understanding these trends is very important for predicting the financial health of miners and the network economy.

On Jun 21, 2024, 18:35 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 64,000 USDT benchmark and is now trading at 64,010.261719 USDT, with a narrowed narrowed 1.69% decrease in 24 hours.

According to Odaily, Michael Dell, the Chief Executive Officer of Dell Group, has recently shared a tweet by Michael Saylor, the founder of MicroStrategy. The tweet emphasized the digital scarcity represented by Bitcoin. Michael Saylor is known for his strong advocacy for Bitcoin, often highlighting its unique characteristics in the digital world. His recent tweet, which was shared by Michael Dell, focused on the concept of digital scarcity, a key attribute of Bitcoin. As the CEO of a major technology company, Dell's sharing of this tweet indicates his interest in the digital currency space. However, it is important to note that this does not necessarily imply any formal endorsement or investment in Bitcoin by Dell or his company. The sharing of this tweet could simply be a reflection of Dell's interest in the ongoing discussions and developments in the world of digital currencies.

According to Odaily, MicroStrategy currently holds 226,331 bitcoins, purchased at an average price of $36,798. The company's profit now stands at $6.33 billion. MicroStrategy, a leading business intelligence company, has been a significant player in the cryptocurrency market, particularly Bitcoin. The company's substantial holdings and the profit generated from it underscore the potential profitability of Bitcoin as an investment. MicroStrategy's strategy of investing in Bitcoin has paid off, with the company now sitting on a significant profit. This success story serves as a testament to the potential of Bitcoin as a lucrative investment option. However, it's important to note that the cryptocurrency market is highly volatile, and investments should be made with caution. The company's decision to invest in Bitcoin has been a significant factor in its current financial success. This move has not only generated substantial profits but also positioned the company as a major player in the cryptocurrency market. The success of MicroStrategy's Bitcoin investment strategy could potentially influence other companies to consider similar investment strategies.

According to Cointelegraph: Bitcoin (BTC) has been experiencing an "extended level of FUD" (fear, uncertainty, and doubt) on the social media platform X, according to recent data from cryptocurrency intelligence provider Santiment. This rare level of negative sentiment comes as the cryptocurrency's price hovers around the $65,000 mark.Bitcoin is down 3.57% over the past seven days. Source: CoinMarketCap Key Highlights:- Extended FUD Indicators: Santiment's Bitcoin social sentiment indicator has been flashing red, highlighting a prolonged period of fear and doubt among traders. "This extended level of FUD is rare, as traders continue to capitulate," Santiment noted in a June 20 post on X.- Price Fluctuations: Bitcoin’s price has fluctuated between highs of $67,294 and lows of $64,180 over the past week, according to CoinMarketCap. Currently, Bitcoin (BTC) is trading at approximately $64,315.Bitcoin hit a weighted sentiment high on Jan. 10, reaching a score of 4.49. Source: SantimentSocial Sentiment Metrics:- Weighted Sentiment Index: Since May 23, Santiment’s Weighted Sentiment Index—a metric that measures Bitcoin mentions on X and the ratio of positive to negative comments—has remained negative. At the time of publication, the index stands at -0.738, indicating a predominantly negative sentiment towards Bitcoin on social media.Market Analysis:- Historical Context: Positive events for Bitcoin, such as the approval of 11 spot Bitcoin exchange-traded funds on January 10 and the Bitcoin halving on April 20, have historically spiked positive sentiment to levels of 4.49 and 2.35, respectively.- Current Sentiment: Despite these historical uplifts, the current sentiment remains negative, with influential traders and analysts expressing a disinterested or fearful outlook. "Bitcoin is around 60 days into a ~150-day long sideways slog since the halving," noted Glassnode lead analyst James Check, known as "Checkmatey," in a June 19 post on X. Other analysts echoed this sentiment, describing the current market phase as "the most boring phase of the bull market."Future Projections:- Potential Upside: Some market analysts believe that the extended consolidation phase might pave the way for a significant price surge. "Generally, the longer a consolidation, the larger the expansion afterward," commented the pseudonymous crypto trader Daan Crypto Trades.- Fear and Greed Index: Simultaneously, another sentiment gauge, the Fear and Greed Index, shows a Greed reading of 63, slightly down by 11 points over the past seven days. This index considers multiple factors, including social media sentiment, volatility, and market momentum.Despite the current FUD and negative sentiment dominating social media discussions, market analysts suggest that the prolonged consolidation phase could signal a potential for a significant upside rally in the near future. As Bitcoin continues its sideways trading, the crypto community remains divided, with some seeing this as a precursor to a substantial market expansion.

According to Odaily, insiders have revealed that Standard Chartered Bank is in the process of setting up a trading platform for Bitcoin and Ethereum. This move will position the bank as one of the first global banks to enter the spot cryptocurrency trading market. Two insiders, who requested anonymity due to the private nature of the information, stated that the new cryptocurrency platform is about to commence operations. It will form part of the bank's foreign exchange trading department. The platform will be operated out of London, as disclosed by one of the sources.

On Jun 21, 2024, 08:50 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 64,000 USDT and is now trading at 63,919.410156 USDT, with a narrowed 2.64% decrease in 24 hours.

According to CryptoPotato, Bitcoin's price has been underwhelming as it was stopped at $66,400 and pushed down toward $64,000 for the third time this week. The altcoins have also turned red, with significant declines, particularly from the meme coin niche. Last week, Bitcoin pumped to $70,000 on a couple of occasions, but its failure to continue north resulted in rejections that pushed it to under $65,000 by Friday. The start of the new business week began with a leg up toward $67,000, which was halted, and the bears drove Bitcoin south to a monthly low of $64,000. After bouncing off, Bitcoin went on the offensive yesterday and jumped to just shy of $66,500. However, another rejection followed, and Bitcoin now struggles to remain above $64,000 once again. These price drops come amid continuous outflows from the spot Bitcoin ETFs. After the pause on June 19, the withdrawals yesterday were close to $140 million, with GBTC outplacing FBTC for the first time in days. With Bitcoin now being 2% down on the day, its market cap has slumped to $1.265 trillion. Its dominance over the alts is slightly up, though, to 51.5%. The altcoins are in worse shape than Bitcoin, with the majority of them experiencing declines. ETH is down by more than 3% and sits below the psychological support of $3,500. BNB has declined by a similar percentage to $583. More losses come from SOL, SHIB, DOT, LINK, XRP, DOGE, ADA, and others from the larger-cap cohort. Some of the biggest losers on a daily scale are from the meme coin realm. WIF dumped to a multi-month low today, followed by JASMY, BONK, BRETT, PEPE, and FLOKI – all of them are down by more than 8% in a day. The cumulative market cap of all crypto assets has seen about $50 billion gone in a day.

According to PANews, data from IntoTheBlock indicates a significant decrease in Bitcoin's total transaction fees this week. The slowdown in on-chain activity has led to a 64% drop, bringing the total transaction fees down to $19.2 million. This substantial decrease is attributed to the reduced on-chain activity, which has been observed over the past week.

According to CoinDesk, spot bitcoin exchange-traded funds (ETFs) in the U.S. have seen their fifth consecutive day of outflows, resulting in losses exceeding $900 million for the week. Grayscale's GBTC and Fidelity's FBTC were the primary contributors to the outflows, while BlackRock's IBIT was the only ETF to record net inflows. Data compiled by SoSoValue reveals that the 11 listed ETFs lost $140 million on Thursday, with trading volumes reaching $1.1 billion. Grayscale’s GBTC, which has mostly experienced outflows since its conversion to an ETF in January, led the outflows with $53 million, closely followed by Fidelity’s FBTC with $51 million. BlackRock’s IBIT, the largest ETF by assets held, was the only product to record net inflows, amounting to $1 million. Other products saw no net inflow or outflow activity. This level of outflow activity is the most severe since late April, which recorded $1.2 billion in total net outflows in trading sessions from April 24 to May 2. However, inflows picked up subsequently, with the products adding more than $4 billion over the next 19 days of trading. This was before the current outflow surge began on June 10. BTC prices have generally been under pressure in recent weeks due to $1 billion in sales from large holders, a strong dollar, and a robust U.S. technology index market.

According to U.Today, the VanEck Bitcoin exchange-traded fund (ETF) has achieved a significant milestone by being listed on the main stock exchange operated by ASX Ltd. This marks the first time a Bitcoin ETF has been listed on Australia's primary stock market, indicating the increasing acceptance and integration of digital assets into mainstream financial markets. The ETF debuted on Thursday, backed by an initial seed investment of approximately 985,000 Australian dollars, equivalent to $657,000 in U.S. dollars. This listing is a significant development for Australia and a crucial step for the global cryptocurrency market. It provides Australian investors with direct access to Bitcoin through a regulated financial product. The VanEck Bitcoin ETF listed on the ASX is a feeder fund for the $647 million VanEck Bitcoin Trust in the United States. This structure allows the Australian ETF to invest in the larger U.S.-based trust, giving investors exposure to the same underlying Bitcoin assets managed by VanEck. The listing of the VanEck Bitcoin ETF on the ASX is expected to influence the Australian financial markets significantly. It could prompt other asset managers to follow a similar path for their crypto ETFs, thereby broadening the range of investment options available to Australian investors. Sydney-based BetaShares Holdings Pty and DigitalX Ltd., another local player, are also reportedly preparing for listings on the main Australian board ASX. Bitcoin ETFs in the U.S. debuted in January and have since accumulated $56 billion in assets. Hong Kong permitted spot ETFs for Bitcoin and Ether in April, which have garnered a fraction of the interest of U.S. vehicles. At the time of writing, Bitcoin had increased by 0.65% in the last 24 hours to $65,610.

According to Odaily, ZhuSu, a prominent figure in the cryptocurrency world, recently shared his insights on a platform, X. He suggested that Bitcoin could potentially maintain its bullish trend until 2026. His prediction is based on a blueprint represented by a chart named 'fooo'. ZhuSu's analysis and predictions are closely watched by many in the crypto industry, and his latest statement has sparked discussions among investors and enthusiasts alike. However, it's important to note that the cryptocurrency market is highly volatile and unpredictable, and while ZhuSu's prediction is based on his analysis, it's not a guarantee of future performance. Investors are advised to do their own research and consider multiple factors before making investment decisions.

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.