Bitcoin Holds $64K as Strive Buys 759 BTC, Spot ETFs Bleed Third Straight Day

Bitcoin News US spot Bitcoin ETFs recorded a third straight session of net outflows, shedding $68.18 million on June 22 as institutional demand stayed muted. BlackRock's IBIT bore the brunt with $171.96 million in redemptions, while Grayscale's GBTC lost $80.96 million. Six of the thirteen funds bucked the trend: ARKB drew $64 million, FBTC $57.38 million, Grayscale's mini BTC product $48.14 million, alongside smaller inflows into MSBT, EZBC and BTCW. Cumulative net inflows across the complex now stand at $53.33 billion, with total net assets of $80.22 billion — roughly 6.21% of Bitcoin's market capitalization. The streak underscores cautious positioning among large allocators. Leverage flushed out of the market over the past 24 hours, with total liquidations reaching $324.39 million. Long positions accounted for $209.18 million, or about 64% of the total, against $115.21 million in shorts — a textbook long squeeze. Bitcoin led losses at $88.97 million liquidated, followed by Ethereum at $51.08 million and Solana at $10.72 million, with leveraged altcoin bets unwinding broadly. Traders now fixate on the $63,500 zone, where dense long-liquidation clusters sit just beneath spot. A defended $63,500 could mark a short-term bottom and open a push toward $65,000, where stacked short liquidity waits; a break below risks deeper trend deterioration. Bitcoin treasury firm Strive accelerated its accumulation, disclosing the purchase of 759 BTC between June 15 and 21 at an average price of $65,850, a roughly $50 million outlay. The buy, detailed in an 8-K filing with the SEC, lifted Strive's holdings from 19,105 to 19,864 BTC, worth about $1.27 billion at current prices and ranking it seventh among public corporate holders. The pace marked a sharp escalation from the prior two weekly disclosures of just 32 and 73 BTC. Strive is deploying an announced $4.2 billion capital plan, funding purchases through share and preferred-stock issuance while its cash position rose to $144.5 million. On-chain data points to a tentative recovery in network activity even as sentiment stays defensive. Trading volume surged 35.64% to $24.87 billion over the prior day, while active wallets rebounded to 601,952 from 531,928 — a marked uptick in usage. Exchange-held supply slipped to 2.6916 million BTC, with net flows staying in outflow territory, a sign sell-side inventory is thinning. Yet the Crypto Fear & Greed reading held at 22, deep in fear, little changed from 21 a day earlier. The split between rising activity and cautious psychology captures a market probing for direction without conviction. Research circulating this week flagged a widening divergence between traditional markets and crypto. Bitcoin fell 3.76% on the week and Ethereum slipped 1.16%, even as equities rallied and the Federal Reserve held rates for a fourth straight meeting. The sharpest shock came from Strategy's STRC preferred shares, which cascaded to a record low near $88.6 amid margin calls and forced selling — exposing structural fragility in high-yield digital credit products. Unlike collapsed algorithmic stablecoins, STRC is indirectly backed by Bitcoin reserves, yet its slide prompted a broad reassessment of leveraged yield instruments and the collateral structures underpinning them. A different long-term risk resurfaced after President Trump signed two executive orders targeting quantum computing. One sets a 2028 goal for a scientifically relevant quantum machine; the other accelerates the federal post-quantum cryptography deadline to December 2031 from 2035, directing NIST to pilot a migration by end-2027. The orders renewed scrutiny of Bitcoin's elliptic-curve cryptography, which a sufficiently powerful quantum computer could theoretically break to expose private keys. Advisory estimates suggest roughly 7 million BTC could eventually sit at risk. Experts cautioned against panic, noting current hardware is far from capable and that quantum-resistant upgrades remain a multi-year roadmap, tempering near-term bear market fears. COINOTAG's proprietary 42-indicator composite scoring engine rates the $64,184 resistance at 83/100, the strongest overhead level, driven by the confluence of a daily Doji, the Fibonacci 0.214 retracement and the R1 pivot; the $65,712 cap scores 78/100 on Previous Day High and Ichimoku Senkou A. On the downside, the $61,834 support earns 73/100 from Fibo 0.114, the volume point of control and a recent swing low. Derivatives lean cautiously long: funding holds at 0.0009%, open interest near $11.48 billion, and a 1.84 long/short ratio (64.8% long). With RSI at 41.14 and Fear & Greed at 23, a reclaim of $64,184 favors bulls, while losing $61,834 would invalidate the recovery thesis.COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.