Bitcoin could face another volatile week as investors watch whether it can hold the $60,000 area. Bitcoin was trading around $62,500 at press time as more traders appeared to be exiting. On the 23rd of June, U.S. spot Bitcoin exchange-traded funds posted an outflow of roughly $113.78 million, their first back-to-back daily outflows. Concerns have also risen as more capital sits on exchanges.

Arbitrum’s ARB broke below support as selling pressure intensified and momentum in fundamentals and on-chain capital faded. Long traders bore the brunt of the move, with $750,730 in liquidations versus $7,480 for shorts. Stablecoin flows also turned sharply negative on Arbitrum, with a net outflow of $190.9 million since 15th June. The token was trading roughly 96% below its all-time high at press time.

Bitcoin may be nearing a price bottom after liquidity outflows that began in October 2025 erased $1.04 trillion from the market at presstime. A historically low CVDD reading and Bitcoin’s position on its 200-week SMA are being cited as signals of a possible value floor. The U.S. spot ETF flow picture remains negative, with net selling of roughly $226.84 million, which could keep near-term momentum muted.

Eigen Cloud (EIGEN) rose 23% over the past day as positioning in perpetual futures leaned bullish. Net long volume reached $287 million and the funding rate stayed positive at 0.0066% in the same period. Open interest climbed to roughly $58 million, with close to 86%—about $49 million—allocated to long positions. At the protocol level, earnings fell to negative $2.05 million, one of the lowest readings in Q2 2026.

Arthur Hayes has moved 6,000 ETH to centralized exchanges, a type of transfer often interpreted as positioning to sell. The activity comes as broader market metrics show crypto capitalization far below a prior peak. The question is whether tracking Hayes’ wallet moves is a dependable way to identify market tops and bottoms.

Solana has dropped to price levels last seen in 2023, broadly mirroring the wider market sell-off. Even so, the network continues to lead on-chain trading in tokenized equities and real-world assets. That strength is concentrated in two of the fastest-growing segments of on-chain finance, giving Solana a structural foothold as it seeks to regain momentum in the months ahead.

Retail traders have been the main driver of HYPE’s recent advance, even as whales reduced exposure over the prior stretch. Over the past day, large holders have started accumulating again, including purchases by Garrett Jin and another whale. The latest spot-flow data show $55.51 million in net sales over the past 10 days, underscoring persistent selling pressure.

Bitcoin is showing signs of building a potential floor after a prolonged pullback. Data suggests a large share of circulating supply has changed hands in the $60,000 to $70,000 range, creating an accumulation zone. The question now is whether that base is strong enough to hold if selling pressure intensifies.

Kalshi’s crypto perpetuals climbed from zero to nearly $1B in daily trading volume in under 10 days. Despite that surge, the product’s open interest stood at $6.5 million, equal to 0.0058% of the market’s $112.01 billion total crypto open interest over the past 24 hours.