Bitcoin (BTC) rebounded late Sunday after several days of declines, but analyst Doctor Profit argues the market has shifted into Stage 5 of his six-step bear-market framework. He says the dip below $60,000 was a "trapdoor" move, with $60,000 still key near-term support and potential upside toward $65,000-$66,000 before broader downside resumes. The analyst continues to frame $40,000-$48,000 as a possible final bottom area and projects the ultimate low may not form until September to October 2026.

Glassnode lead research analyst CryptoVizArt said in a post on X that Bitcoin may struggle to sustain a recovery unless supply concentrated near prior highs moves to lower cost bases. The analyst pointed to Cost Basis Distribution data showing heavy supply between $80k and $126k, with an area approaching 495,000 BTC sitting above $80,000. Bitcoin fell to $59,000 last week and later traded around $63,200 on Monday.

Bitcoin moved back above $64,000 on June 8 after a multi-day slide that had pushed it below $60,000. The rebound lifted bitcoin's market cap to $1.27 trillion and helped raise the total crypto market cap to $2.26 trillion, while derivatives liquidations hit $282.5 million in BTC and $611 million across the market.

Peter Schiff said Strategy Inc. bought 1,550 Bitcoin for $101 million on Monday, June 8, framing the move as "damage control" aimed at easing investor concerns. He tied it to Strategy’s May 26–May 31 sale of 32 BTC for $2.5 million and to a $100 million cash-reserve increase that lifted total cash to $1 billion. Strategy’s 8-K shows 1,409,600 MSTR shares were sold for $181 million net, with $101.3 million used for BTC and about $80 million allocated to cash.

Strategy added 1,550 Bitcoin to its balance sheet this week, spending roughly $101.3m and lifting its total holdings to 845,256 BTC. The purchase follows a rare 32 BTC sale in late May that fueled speculation the firm could turn into a structural seller during market stress. Strategy later said the sale related to treasury management and preferred share dividend obligations, not a shift away from accumulating Bitcoin.

Strategy disclosed a 1,550 BTC purchase worth about $101.3 million after a rare sale of 32 BTC, lifting its total holdings to roughly 845,000 BTC. Bitcoin is trading around $63,800 after dropping to about $59,300 during a volatile week, with losses of about 10.9% over seven days and near 20.8% over 30 days. Analysts remain split on whether the $60,000 area will hold or give way to deeper downside targets.

MicroStrategy chairman Michael Saylor said on Monday, June 8, that the company purchased 1,550 BTC for about $101 million to increase its Bitcoin holdings. The buys were made between June 1 and June 7 at an average price of $65,332 per BTC, bringing total holdings to 845,256 BTC. Bitcoin critic Peter Schiff called the move "damage control" and argued the company boosted U.S. dollar reserves by $100 million while raising capital via stock sales.

BlackRock moved 3,580 BTC worth about $226.8 million to Coinbase Prime on June 8, a transfer that some traders watch as a possible precursor to market activity. The move comes as its crypto ETF lineup saw roughly $1.46 billion in net outflows in the five trading days ending June 5, including about $1.34 billion from IBIT.