17h ago
Michael Saylor links Bitcoin's June 2026 dip to $400B AI capital rotation
Strategy chairman Michael Saylor said Bitcoin's and MSTR's declines of more than 10% since the start of June 2026 reflect a liquidity squeeze tied to AI spending rather than a crisis of confidence. He cited about $400 billion flowing into AI infrastructure over six months and roughly $4 billion of net spot Bitcoin ETF outflows since May 14. Strategy reports holding 843,706 BTC worth $53.3 billion, with an average cost basis of $75,702 per BTC.
NEAR
NEAR-12.11%
17h ago
18h ago
CryptoQuant: 74% of MicroStrategy's 843,706 BTC Holdings Are Now Underwater
CryptoQuant data shared on Thursday, June 4, indicates that about 74% of MicroStrategy's 843,706 BTC is currently held at an unrealized loss as Bitcoin retested $61,000 for the first time since February. The figures imply roughly 624,342 BTC were acquired above the current price, leaving only about 26% of the firm's Bitcoin position in profit. Michael Saylor said the company intends to keep buying Bitcoin in both bullish and bearish conditions, even as BTC fell over 14% in the past seven days.
NEAR
NEAR-12.11%
18h ago
18h ago
Bitcoin Hashrate Holds Near 1.019 ZH/s as Miners Chase Billions in AI Deals
Bitcoin’s hashrate stayed near record territory at 1.019 ZH/s on Friday at block 951,531, even as major mining firms increasingly pursue AI and HPC revenue streams. The shift has been fueled by large contracts such as Core Scientific’s 12-year CoreWeave deal worth over $10 billion, while industry voices argue hashrate remains resilient as hardware is resold and redeployed. Longer term, miners may face pressure if transaction fees remain small relative to block rewards after successive halvings.
BTC
BTC-1.40%
18h ago
19h ago
Ethereum tests 2022 uptrend as ETH trades $1,763; Binance OI hits $5.68B
Ethereum (ETH) was trading at $1,763 on June 4, 2026 after printing a weekly low of $1,717, while price remained below a long-running ascending trendline that has acted as support since 2022. A weekly close back above roughly $1,820–$1,850 would imply a 3%–5% rebound, but on-chain indicators still point to muted spot demand. Binance open interest sits at $5.68B and the Coinbase Premium Gap is -2.73, suggesting US-led buying remains weak even if the trendline is defended.
NEAR
NEAR-12.11%
19h ago