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9 Jun 2026, 20:45

Bitcoin Demand Plunges to Lowest Since 2019 as Analyst Warns of ‘Final Shakeout’

BitcoinWorld Bitcoin Demand Plunges to Lowest Since 2019 as Analyst Warns of ‘Final Shakeout’ Bitcoin demand has dropped to its lowest point in over five years, with a key on-chain indicator signaling what one analyst describes as the potential beginning of a final market shakeout rather than a routine correction. Demand Indicator Hits Historic Low According to on-chain analyst MorenoDV, a 30-day composite demand indicator for Bitcoin’s spot and perpetual futures markets has fallen to -650,000 BTC. This level of demand contraction is rare, having been observed only three times previously in Bitcoin’s history. The indicator measures the net change in demand from both spot buyers and leveraged futures traders, and its current value reflects a simultaneous exodus of capital from both segments. What This Means for the Market The decline is not simply a dip in interest from retail investors. MorenoDV notes that the withdrawal of both spot market participants and speculative capital from leveraged futures suggests a broad-based loss of conviction. Historically, such extreme readings have not signaled an immediate bottom. Instead, they have preceded periods of heightened volatility or further sharp price declines. Historical Context and Potential Outcomes Previous instances of similar demand contraction occurred during major bear market phases. While each cycle has unique drivers, the pattern suggests that the current environment may still have room for further downside before a sustainable recovery takes hold. The analyst cautions that the market appears to be entering the initial stages of a final shakeout, a process that often involves a last wave of selling pressure that clears out remaining weak hands before a new uptrend can begin. Why This Matters to Investors For long-term holders and institutional investors, the current data point is a signal to monitor closely. A final shakeout, while painful in the short term, often sets the stage for the next accumulation phase. However, the lack of an immediate bottom means that timing the market remains extremely difficult. The indicator’s rarity also underscores that this is not a typical mid-cycle correction, but a structural shift in market sentiment. Conclusion Bitcoin’s demand has evaporated to levels not seen since 2019, with both spot and futures markets shedding positions. While this has historically preceded extreme volatility, it does not guarantee an immediate price floor. Investors should prepare for potentially sharp movements and focus on the long-term structural implications of this rare demand contraction. FAQs Q1: What is the 30-day composite demand indicator? A1: It is an on-chain metric that tracks the net change in demand for Bitcoin from both spot buyers and perpetual futures traders over a 30-day period. A negative value indicates net selling or withdrawal of capital. Q2: Does this indicator predict a price bottom? A2: No. Historically, extreme readings have preceded periods of high volatility or further price drops, not immediate bottoms. It is a signal of market structure, not a timing tool. Q3: What does ‘final shakeout’ mean? A3: It refers to a last wave of selling pressure that forces out remaining weak-handed investors, often clearing the way for a new accumulation phase and eventual price recovery. This post Bitcoin Demand Plunges to Lowest Since 2019 as Analyst Warns of ‘Final Shakeout’ first appeared on BitcoinWorld .

9 Jun 2026, 20:30

Bitcoin Market Moves Into A Lower-Leverage Environment – What This Means

Despite a brief bounce, Bitcoin is still struggling with heightened volatility, capping every upward attempt and keeping its price below the $65,000 mark. In this unfavorable market environment, the flagship asset may be entering a crucial phase as leverage steadily dries up across the market. Moderate Leverage Turning Up On The Bitcoin Market Bitcoin is seeing persistent bearish pressure, but a report shows that the market just made a major shift that could play a role in its short-term trajectory. As volatility builds, the BTC market seems to be moving into a lower-leverage phase as traders become more cautious and speculative excesses start to calm. A recent analysis of the Bitcoin Leverage Pressure Zone by Joao Wedson, the founder of Alphractal and verified author at CryptoQuant, shows that BTC has left the extreme leverage phase and moved into moderate and slight leverage. This implies that the risk of large-scale liquidations, which frequently accompany highly leveraged conditions, has decreased as aggressive positioning in derivatives markets has subsided. Since many traders were liquidated last week, the risk of forced liquidations is dropping significantly. However, Wedson highlights that the market has not yet reached the blue/purple zone indicated on the chart, which marks extreme deleveraging. In the past, this region was considered an ideal one to gain exposure with greater safety. The expert claims that the market has not yet gotten to that phase, but it will likely take a few more weeks or months before we reach that stage. Even though it might occasionally indicate a declining risk appetite , lower leverage may indicate a healthier market structure based on higher spot demand rather than speculative momentum. Despite this shift into moderate and slight leverage, Wedson has urged investors to approach the derivatives market with caution. “If you do not understand its health, you can be liquidated at any moment, “ he added. Small BTC Whales Are Now In Losses With the Bitcoin market deeply in a volatile state , investors are beginning to feel the pressure of this downward action, even big investors. CW, a data analyst and investor, reported on X that small whales are now underwater as bearish performance mounts. Here, small whales represent wallet addresses holding between 100 BTC and 1,000 BTC, and these investors have now returned to a loss position. This shift in profitability is attributed to the recent decline in BTC’s price to the $60,000 threshold. In order for the group to return to profit territory, the expert stated that BTC’s price must bounce back to the $64,000 mark. CW added that the brief uptrend of Bitcoin started as these investors slowly approached the profit zone. In the meantime, recovering the $64,000 level is the first condition for the rise to kick off. At the time of writing, Bitcoin’s price was trading at $63,370, and was showing a nearly 1% rise within the past day. While prices are slowly turning bullish, BTC’s trading volume within the same time frame has dropped by over 5%.

9 Jun 2026, 20:26

Seattle-Area Man Gets Prison for Laundering Foreign Fraud Funds With Bitcoin, Ethereum

The fraudster took in nearly $100 million from victims before laundering funds via Bitcoin, Ethereum, and stablecoins.

9 Jun 2026, 20:19

'Every Major Bank Is Going To Launch A Stablecoin'—Spark Taps BitGo

Spark, DeFi's third-largest stablecoin issuer, is integrating its savings product into BitGo, letting the custodian's clients earn yield on idle USDC and USDT.

9 Jun 2026, 20:10

Senator Warren questions CFTC on crypto and prediction markets oversight, calls weakened CFTC a "recipe for disaster"

Senator Elizabeth Warren has sent a letter to the Commodity Futures Trading Commission (CFTC) chairman Michael Selig on Monday, demanding documents related to the agency’s handling of cryptocurrency and prediction market regulation amid what she called “unprecedented presidential corruption.” In the letter, Senator Warren, the top-ranking Democrat on the Senate Banking Committee, pointed to a New York Times investigation that described the CFTC as having been “steamrolled” by the industries it is supposed to police. She then gave Selig until June 18 to respond to the letter with a full account describing all internal records supporting key regulatory decisions, communications between the agency and prediction market firms, as well as all staff departures. Staff cuts amid expanding interests Since January 2025, the agency has laid off almost 25% of its staff. Also,enforcement actions dropped from 58 in fiscal year 2024 to 11 in the period since President Donald Trump took office. The senator’s core argument in the letter revolves around the mismatch between this shrinking CFTC workforce and its growing responsibilities. “A CFTC with fewer staff members, reduced enforcement activity, and expanded responsibilities is a recipe for disaster,” Warren wrote. “It leaves the public even more vulnerable to bad actors and our financial system even more fragile.” Congress is advancing the Clarity Act, which would hand the CFTC primary oversight of most digital assets, further expanding the agency’s responsibilities. Warren argued that the financial watchdog cannot absorb that responsibility in its current state. Political ties draw CFTC scrutiny Warren also tied several recent CFTC decisions to financial relationships between the Trump family and regulated firms. She cited reports that the agency approved a Polymarket request following an investment by a firm connected to Donald Trump Jr. She also criticized chairman Selig for asking a federal judge to throw out a $5 million penalty against Gemini, the exchange founded by the Winklevoss brothers, who each donated $1 million in Bitcoin to Trump’s reelection campaign. Warren’s letter also referenced former commissioner Brian Quintenz, who was initially in line to lead the CFTC before his nomination was revoked. Text messages released during that process showed Tyler Winklevoss pressing Quintenz to prioritize a Gemini complaint and offering to “raise this issue with the president himself.” Quintenz refused, and Selig was then nominated in his place. “Taken together, these are concerning signs of a CFTC beholden to political pressures and interests of the wealthy insiders, unbound by the rule of law and failing to protect investors and market integrity,” Warren wrote in her letter . Industry reaction Market macro analyst and co-founder of Coin Bureau, Nick Pukrin, told Decrypt that the core problem in the conversation is institutional trust, not uncertainties about the agency’s leanings regarding crypto. “A regulatory agency that isn’t impartial can’t be trusted to make decisions for the greater good of everyone,” he noted. Markus Levin, co-founder of XYO, also argued that the problem runs deeper than just workforce numbers and headcount. “If the CFTC is going to take on expanded authority under the Clarity Act, it needs people who actually understand blockchain technology, not just the traditional derivatives playbook,” the co-founder told Decrypt, as reported by Yahoo Finance. Chairman Selig’s response to Senator Warren’s letter is due June 18. The smartest crypto minds already read our newsletter. Want in? Join them .

9 Jun 2026, 20:05

Solana Institute CEO says CLARITY Act must shield open-source developers

Kristin Smith urged the Senate to preserve developer protections in the CLARITY Act, arguing open-source builders should not be regulated as financial intermediaries.