Standard Chartered’s Kendrick tags $59K as bitcoin’s cycle low
He points to $5.72B in spot BTC ETF redemptions and post-IPO SpaceX cash dynamics as key confirmation signals.
He points to $5.72B in spot BTC ETF redemptions and post-IPO SpaceX cash dynamics as key confirmation signals.
He pegged post-peak redemptions at roughly $9B while noting SOL, XRP and Hyperliquid ETFs are still adding assets.
Karol Nawrocki’s third veto keeps Poland as the EU’s lone MiCA implementation holdout weeks before the transition ends.
Material Indicators pegged 31.89 as the next weekly RSI downside trigger as BTC hovered near $63,000.
Eurojust alleges 336 million euros in illicit flows and says investigators found 6,000+ mule-linked KYC records.
BTC held near its 200-week average as $213.85M left spot ETFs and traders looked to the June 17 Fed decision and an expected SpaceX IPO.
He cites a late-March Google/Stanford/Ethereum Foundation estimate and a May 18 Citi note on shortened attack timelines.
The Bitcoin DeFi network warned any funds left after the deadline will be swept and “be unrecoverable.”
BTC futures open interest rose to 728,000 BTC as funding and CVD stayed negative and Deribit puts priced richer than calls.
The note ties higher-for-longer rates to equity stress even as global M2 nears $122.6T and stablecoin reserves sit around $72B on exchanges.
Miner cost bands, realized price, MVRV deviation zones, and a weekly bear-flag setup all point to the same retest area.
The exchange is pitching the products as regulated derivatives as MiCA’s July 1, 2026 authorization deadline approaches.
The product targets applicants denied unsecured credit and keeps sequestered USDC on Coinbase earning yield.
Prosecutors said the defendant faces up to 20 years after a Florida incident involving a beating and brief detention.
Tokenized stocks rose 422% while bonds and money market funds added $6.5B even as crypto sold off in early June.
The note spotlights $1.06B annualized fees, $220B 30-day perp volume, and $2B+ in cumulative HYPE repurchases since Jan. 2025.
Cohort flows show mixed positioning while downside frameworks still map sub-$60,000 zones.
The firm lifted its cash reserve to $1B and shareholders approved semi-monthly STRC dividends starting June 30.
A weakest-since-Oct-2024 weekly close and macro stress from rates, USD/JPY, and geopolitics keep breakdown risk elevated.
SoSoValue data shows redemptions clustered early in June, with IBIT alone at about $1.34B of the week’s net outflows.