Minseung Kang

French fintech company BD Multimedia announced that it has additionally purchased 10.95 Bitcoins (BTC). On the 27th (local time), BD Multimedia announced through its official channel, "We purchased an additional 10.95 BTC this week, and our total holdings have reached 14.75 BTC." The average purchase price was calculated at €79,577 (about ₩12,679,000) per 1 BTC. BD Multimedia added, "We are building our own manual and systematically purchasing Bitcoin," and "Without indiscriminate dilution, we are accumulating Bitcoin with structured capital based on long-term conviction."

UK London Stock Exchange (LSE) listed company Binance has recently announced the acquisition of an additional 5.85 Bitcoin (BTC), bringing its total holdings to 65.03 BTC. According to Coinmania, a media outlet specializing in virtual assets (cryptocurrencies), Binance purchased 5.85 BTC at an average acquisition price of $107,863 (approximately $631,000). The company's total holdings have risen to 65.03 BTC, with the cumulative average purchase price recorded at $98,211.74. Binance stated, "We will continue our role as a listed platform providing access to Bitcoin within the traditional financial market." Meanwhile, the company is also carrying out fundraising to support its asset purchases. Recently, it completed an investment round of £3,579,000 (approximately ₩6,350,000,000), and this funding will be used for Bitcoin acquisitions and business operations.

The price of Bitcoin (BTC) in June is expected to record the lowest monthly growth rate in the past year. This has been interpreted as whales and small holders selling off, offsetting ETF inflows and limiting the upward momentum. According to cryptocurrency media outlet CoinDesk on the 27th (local time), Bitcoin has risen by only about 2% so far this month, marking the weakest monthly performance since July last year. Meanwhile, about $3.9 billion in net inflows have entered spot Bitcoin ETFs over the same period. On-chain analytics platform Glassnode noted in a recent research report, “Bitcoin saw a general selling trend from January to April; buying activity re-emerged only after forming a low near $76,000.” The report also evaluated, “Currently, whales and small-scale investors are exhibiting opportunistic buying and selling. As a result, it appears Bitcoin has once again entered a price consolidation phase.”

Investors holding Bitcoin (BTC) for the long term have purchased 800,000 coins over the past month, increasing the likelihood of a major support zone forming around the $90,000 range, according to analysis. On the 27th (local time), the cryptocurrency-focused media outlet Cointelegraph cited a report from on-chain analytics firm CryptoQuant, stating, "In the past 30 days, the amount of Bitcoin held by long-term holders (LTH) has increased by 800,000, reaching an all-time high." LTH typically refers to investors who hold for more than six months and is considered an indicator reflecting mid- to long-term market confidence. On the same day, CryptoQuant analyst Darkfost noted, "The average purchase price for Bitcoin that recently entered LTH wallets is distributed between $95,000 and $107,000," adding, "This price range could serve as a key support zone for the medium to long term." Meanwhile, the average purchase price for short-term holders (STH) was around $99,000. On-chain analytics firm Glassnode noted in its report, "While Bitcoin corrected down to $98,000, that range acted as support." It also stated, "The $93,000 to $98,000 band could serve as a short-term defense. If this support breaks, stop-loss selling could increase and lead to deeper price corrections."

As some signals of interest rate cuts are being detected within the U.S. central bank, the Fed, an analysis has emerged suggesting that the possibility of further increases in Bitcoin (BTC) is growing. On the 27th (local time), virtual asset management firm Matrixport stated in its weekly report, "The Fed's recent dovish (preference for monetary easing) stance change is moderately supporting Bitcoin's rise." The report noted, "Chair Jerome Powell delivered somewhat hawkish (preference for monetary tightening) remarks at the FOMC meeting on the 18th, but within less than a week, the majority of Fed officials have expressed a more dovish stance," adding, "If the timing of future rate cuts becomes clearer, the effectiveness of a buy-the-dip strategy will increase." Matrixport also mentioned recent geopolitical variables. The report pointed out, "Right after the U.S. military conducted an airstrike on Iran, Bitcoin temporarily dropped as low as $98,532," and "This range acts as both a technical support and a critical inflection point; if the lower bound is broken, the chances of a summer correction increase." However, it added, "So far, this support is holding, and a seasonal range-bound pattern is being observed."

The Smarter Web Company (SWC), a web design and marketing firm based in the UK, has reportedly raised approximately $56 million from investors. On the 27th (local time), crypto-focused media outlet Cointelegraph reported, "SWC has recently secured around $56 million (about 7.7 billion KRW) in funding from institutional investors, following its latest Bitcoin acquisition." It is not yet known whether the newly raised funds will be used for additional Bitcoin purchases. SWC bought Bitcoin a total of five times this month, and its holdings increased from 83 BTC at the end of last month to 543 BTC currently. The company has supported Bitcoin payments since 2023. Meanwhile, SWC is listed on the US market, but its stock price has recently been declining amid large-scale Bitcoin purchases. Since April, SWC has been implementing a reserve strategy for Bitcoin accumulation.

James Win, a derivatives trader at Hyperliquid known as a 'leverage whale', has closed his long positions and stated he will look for opportunities to enter short positions. On the 21st, Win posted on his X (formerly Twitter), saying, "I have liquidated my Bitcoin (BTC) long positions and secured some modest profits," adding, "I plan to stay in stablecoins for the time being and watch for opportunities to re-enter short positions." As of 23:01 on this day, BTC was trading at $103,521 on the Binance USDT market, down 2.05% from the previous day.

Canadian investment firm Belgravia Hartford Capital has reportedly acquired more Bitcoin (BTC). According to Business Wire on the 21st (local time), Belgravia Hartford Capital recently used available cash reserves to make an additional purchase of 1.53 BTC (totaling $160,842). The average purchase price was reported at $105,013 per BTC. The company plans to continue expanding its reserves by combining its own funds with an existing $5 million credit facility, depending on market conditions. Mehdi Azodi, CEO of Belgravia Hartford Capital, stated, “Continuously acquiring additional Bitcoin is the best strategy to increase shareholder value as a small listed company,” adding, “We plan to steadily purchase Bitcoin by utilizing funds received from the exercise of convertible securities.” Currently, Belgravia Hartford Capital holds a total of 6.39 BTC, with an average purchase price of $103,367.

It has been analyzed that selling pressure from Ethereum (ETH) long-term holders is increasing again, raising concerns about a bearish trend in the market. On the 21st (local time), cryptocurrency-specialized media outlet BeInCrypto cited data from on-chain analytics firm Glassnode, reporting that "Ethereum long-term holders are increasingly selling off their holdings." According to Glassnode, Ethereum's Liveliness indicator reached an all-time high of 0.69. This indicator reflects the propensity to sell; a higher figure indicates intensified selling activity. The outlet stated, "Ethereum's Chaikin Money Flow (CMF) indicator has also dropped to -0.08, showing that buying momentum in the market is weakening," and added, "As capital inflows decrease, selling pressure prevails in the short term." Furthermore, it said, "If selling pressure continues, the price of Ethereum may fall further to $2,185 or even $2,027. However, if new buying momentum is introduced, this bearish trend could reverse, possibly recovering to around $2,745." As of 21:27 on this day, ETH was trading at $2,441 on the Binance USDT market, down 4.25% from the previous day.

It has been reported that Reddit, the largest online community platform in the United States, is considering the adoption of World ID, a biometric authentication system based on iris scanning. On the 21st (local time), the global news outlet Semafor cited sources, stating, "Reddit is in discussions to introduce the 'World ID' system using the Orb device that scans irises." World ID authenticates the uniqueness of an account as an individual while not exposing the user's identity. The outlet explained, "As artificial intelligence (AI) spreads false content on online platforms and governments in various countries pursue laws to restrict social media access for children and adolescents, demand for identity verification technology is growing." However, the discussions are still in the early stages, and it is known that no concrete agreements or contracts have been made yet.

Major coins such as Tron, Tether, and Dogecoin are reportedly drawing attention from investors and the community in the cryptocurrency market. On the 21st (local time), on-chain analytics firm Santiment reported that Tron (TRX), Tether (USDT), Dogecoin (DOGE), Bitcoin (BTC), Nexo (NEXO), and Polkadot (DOT) are all seeing high levels of mentions on social media. Firstly, Bitcoin is at the center of active discussions about long-term holding strategies, scarcity, and comparative analysis with other cryptocurrencies. Tron, in particular, has gained attention for its deflationary tokenomics, staking options through Tronscan and TronLink, and the use of USDT-centric stablecoin trading. Competition with Ethereum in decentralized finance (DeFi) and stablecoin transfers, speculations about a potential Nasdaq listing, and associations with prominent personalities were also noted. Tether has emerged as a key topic due to its large trading volume, new listings and trading pair announcements, and trading data from major exchanges such as Binance. Dogecoin’s discussions have focused on its nearly unlimited supply, community-driven influence, price volatility, and mining profitability. Potential links to Elon Musk, CEO of Tesla, are also attracting market attention. Nexo has been actively discussed on Reddit and Telegram regarding its loan services, interest payments, cashback, compliance with EU MiCA regulations, and user experience. In particular, Nexo has drawn attention to issues related to stablecoin interest payouts and withdrawals. Polkadot is the subject of ongoing discussion about price trends, fixed supply, market resilience, community outlook, and the founder’s vision. There have also been continuous mentions of DOT ecosystem projects.

A report stated that although the XRP spot Exchange-Traded Fund (ETF) has been listed in Canada, it failed to elicit a significant market response. On the 21st (local time), financial media outlet Finbold reported, "The XRP spot ETF (XRPP.U) of Canadian asset manager Purpose Investments was listed on the Toronto Stock Exchange (TSX) on the 18th, but its start was not smooth." The Purpose XRP ETF is the world’s second XRP spot ETF to launch, following Hashdex in Brazil. Canadian investors can hold the ETF through tax-advantaged accounts such as TFSA and RRSP. The media added, "On its first trading day, Canada’s XRP spot ETF closed near its lows after a 1.63% drop on sparse trading volume. The listing effect was limited."

The global cryptocurrency exchange Binance will list DeLorean (DMC) perpetual futures. On the 21st, Binance announced on its official website, "Binance will list DMC perpetual futures at 22:00 (KST) on the 24th. This futures contract offers up to 50x leverage." Additionally, Binance stated that DMC has been selected as a Binance Alpha project. DMC is scheduled to be listed on the Binance Alpha platform at 20:00 (KST) on the 24th. Meanwhile, Binance selects tokens for Binance Alpha from initial cryptocurrency projects, considering market trends and other factors. Listing on Binance Alpha does not guarantee an official Binance listing.

A whale investor has reportedly deposited USD Coin (USDC) worth $10 million into the decentralized derivatives platform Hyperliquid (HYPE) and has begun buying HYPE tokens. On the 21st (local time), on-chain data platform Onchainlens announced through X (formerly Twitter), "The whale started accumulating HYPE tokens via a Time-Weighted Average Price (TWAP) order after depositing 10 million USDC to Hyperliquid." As of 16:02 on that day, according to CoinMarketCap, the price of HYPE was trading at $34.74, down 4.9% from the previous day.

Bitcoin (BTC) mining company Bitdeer recently mined 49.6 BTC in the past week and sold 13.8 BTC of that amount. On the 21st (local time), Bitdeer announced its weekly Bitcoin mining and holdings update, as of the 20th, through its official X (formerly Twitter) account. This week, Bitdeer mined 49.6 BTC and sold 13.8 BTC, increasing its net holdings by 36.9 BTC. Excluding customer deposits, Bitdeer's net Bitcoin holdings totaled 1,445.8 BTC.

Raoul Pal, CEO of Real Vision, stated that the current crypto asset (cryptocurrency) market cycle is very similar to 2017, but that factors such as a weak dollar and delayed economic recovery could cause the bull market to progress more slowly, yet endure longer than in the past. According to Cointelegraph, a crypto asset (cryptocurrency) media outlet, Pal said on the 21st (local time), "This cycle is eerily similar to the 2017 bull market," but added, "However, since the business cycle index remains below 50, it will take more time before a full-scale global economic recovery begins." Pal noted, "As the weak dollar trend intensifies, the crypto market cycle could lengthen," adding, "This cycle may last until Q2 of 2026." He also added that sovereign wealth funds in the Middle East he met showed strong interest in cryptocurrency, blockchain, and AI. He emphasized, "The region is not only treating Bitcoin as a reserve asset but also moving to build their entire government infrastructure on a blockchain-based system."