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.

A New York lawsuit seeking title to more than $200 billion in dormant Bitcoin, including coins tied to Satoshi Nakamoto, is facing on-chain activity that challenges its core abandonment argument. Dozens of the addresses targeted as “lost” have moved billions of dollars’ worth of BTC, calling into question whether the wallets can be treated as abandoned property under state law. The case centers on whether coins that remain controllable via private keys can be deemed abandoned even if they have been inactive for years.

Franklin Templeton filed for ETFs designed to route corporate stock dividends into Bitcoin exposure. The move is framed as pushing Bitcoin price forecasts into more bullish territory.

Michael Saylor’s latest orange-dot chart has fueled fresh speculation that Strategy may have purchased additional bitcoin, refocusing attention on its 846,842 BTC treasury. On June 21, the company’s executive chairman posted the graphic on X, a format that has often preceded updates on new acquisitions. The post comes after Strategy’s recent disclosure of its latest purchase.

Stock dividends have historically been reinvested back into equities. Franklin Templeton has filed for ETFs designed to redirect those dividend reinvestments into Bitcoin instead of stocks. The firm’s proposal aims to give traditional investors passive BTC exposure without requiring them to buy Bitcoin directly.

Bitcoin has fallen to its estimated electrical cost for the fifth time in its history. The metric reflects the average cost to mine one unit. Past instances of BTC trading at this level have typically preceded strong rallies.

SkyBridge Capital founder Anthony Scaramucci said he remains bullish on Bitcoin despite a sharp correction in the largest cryptocurrency by market value. He laid out five reasons in a post on X. Scaramucci characterized the selloff as a temporary leverage flush rather than a shift in fundamentals.

Strategy’s bitcoin holdings have grown to 846,842 BTC after the company weathered the 2022 crypto-market downturn that put pressure on its balance sheet and stock. Executive Chairman Michael Saylor said Strategy raised more than $60 billion and added over 716,000 BTC. He also said the company’s BTC and U.S. dollar reserves now exceed debt by about $48 billion.