📈 Bitcoin Back at $61,000
Bitcoin price returned to $61,000 on June 26, as news emerged of an incoming BTC sale by the U.S. government.

⚠️ State Selling Risk
BTC price faced uncertainty as coins from a U.S. government wallet were sent to Coinbase. According to Arkham, the total involved was 3,940 BTC ($240 million).

💡 Market Reaction
Trader Skew noted that the market reaction was subdued, with some shorts opening and longs closing out. The U.S. government wallet still held over 213,500 BTC ($13 billion).

🔍 Whales Front-running
William Clemente of Reflexivity suggested that recent selling by Bitcoin whales may have anticipated these government moves, explaining crypto's relative weakness to stocks.

📊 Bitcoin ETFs Recover
Bitcoin ETFs saw inflows of $31 million on June 25, breaking a 7-day losing streak. Popular trader Daan Crypto Trades had predicted this positive result, noting strong TWAP purchasing at Coinbase.