Bitcoin Holds $64,000 While Ethereum, XRP, Dogecoin Slip 2% as Geopolitical Tensions Escalate

Bitcoin retreated from a three-week high as escalating U.S.-Iran geopolitical tensions weighed on risk sentiment.

Notable Statistics:

• Coinglass data shows 65,125 traders were liquidated in the past 24 hours for $223.54 million.       
• SoSoValue data shows net inflows of $107.8 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $53.8 million.
• In the past 24 hours, top gainers include Ondo, Lido DAO and Pyth Network.

Notable Developments:

• Bitcoin ‘May Be at a Turning Point,’ Could Surge Into Year-End, Bitwise’s Matt Hougan Says
• Visa Expands Stablecoin Push With New Platform Serving 200 Million Merchants
• Could the Fed and Cooling Inflation Kickstart a Bigger Bitcoin Rally in July?
• CLARITY Act Faces Four-Week Senate Deadline: Where Does Crypto’s Biggest Fight Stand?
• Larry Fink Says Bitcoin Has ‘More Stability’ at Current Levels: BlackRock CEO ‘Very Bullish on the Markets’
• Trump’s Address to the Nation: Prediction Markets Say China, Stolen Election Claims…and no Bitcoin

Trader Notes:

Macro economist Seth argues that selling BTC in the $60,000–$64,000 range is a mistake, contending that retail investors are avoiding the asset despite strong institutional conviction.

He pointed to Wall Street spot Bitcoin ETFs collectively holding about 1.21 million BTC as evidence of sustained institutional accumulation.

Trader KillaXBT says Bitcoin has continued to follow a recurring mid-month seasonal pattern, declining about 2% since the 14th.

Historically, BTC has posted a roughly 5% pullback after the 14th in 11 of the past 12 instances, suggesting that if the pattern repeats, Bitcoin could revisit the $60,000–$62,000 range later this month.

Crypto chart analyst Ali Martinez noted that Bitcoin whales used the recent rally from $62,000 to $65,600 to take profits, selling an estimated 12,555 BTC during the rebound. The activity suggests large holders capitalized on higher prices rather than adding to their positions.

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