$BTC 6.30 Crypto Complete Express | MSTR Announces Authorization to Sell BTC for Self-Rescue, Bitcoin Rebounds from Lows but Daily Consolidation Pattern Unchanged

BTC currently at $60,319, up 1.93% in 24 hours, returning above the 60,000 mark intraday, with the lowest support at 58,860; ETH surged 3.17% to $1,613, SOL and AI-themed coins led the gains, MEME slightly recovered. The market is experiencing a technical rebound from oversold conditions without sustained incremental capital inflows.
24-hour total liquidations across the entire network total $268 million, with concentrated short covering, short liquidations accounting for over 70%. Short-term panic sentiment has slightly eased, but the Fear & Greed Index remains in the Extreme Fear zone.
Core Key News
MSTR Major Announcement: Approved to Sell Up to $1.25 Billion in BTC for Cash Flow Self-Rescue, Initially Depressing Then Lifting Sentiment Recovery
Strategy today released a capital adjustment plan. The board authorized the liquidation of a portion of Bitcoin, capping at $1.25 billion, to cover the high dividend payments of STRC preferred shares. Combined with existing cash, it can support a 26-month interest payment cycle. (Sina Finance)
The market had been worried about the company's forced selling. With the news materializing, the negative factor was priced in. MSTR surged 12.6% yesterday to close at $92.68, short-term negative correlation pressure eased. However, the company still has a paper loss of tens of billions on its holdings, and the "issue shares to hoard coins" growth logic has completely stalled. The rebound is merely a relief rally after negative news, and mid-to-long-term valuation pressure remains.
Spot ETFs Continue Record Large Outflows, Institutions Continue Reducing Positions
In June, U.S. BTC spot ETFs saw a net outflow of $4.06 billion in one month, with a cumulative outflow of $6.5 billion over two months. BlackRock's IBIT had a single-day outflow of $446 million, the largest redemption since inception. Funds continue to exit large-cap BTC, with only small ETFs in SOL and AI sectors seeing rotational inflows. The overall market remains a zero-sum game.
Major Disagreements in US-Iran Talks, Geopolitical Expectations Repeatedly Disturb the Market
The US side claimed to start high-level talks in Doha today, but the Iranian official directly denied any recent negotiation plans. The Strait of Hormuz navigation restrictions remain unchanged, and crude oil slightly surged. The expectation of geopolitical détente has been disappointed, only slightly suppressing risk appetite in the short term, unable to reverse the current macro trend. (Sina Finance)
Fed Hawkish Expectations Unchanged, High Interest Rates Weigh on Crypto Valuations
The market fully prices in at least one rate hike this year, with the probability of a rate hike at the July FOMC meeting rising. US Treasury yields remain high. The holding cost of non-yielding crypto assets continues to rise, and funds are continuously diverted to high-yield sectors such as AI new stocks and private credit, limiting the upside of the market rebound.
Regulation & Industry News
The US CLARITY Act has its last window in July this year. Institutions have lowered the probability of passage to 50%. If delayed, crypto legislation may be postponed to after 2030. The Bank for International Settlements criticizes the stablecoin system for deficiencies. Domestically, continued high-pressure crackdown on virtual currency trading and money laundering channels. The Ethereum Foundation continues to reduce personnel expenses, and the industry enters a contraction cycle.
Trading Strategy
MSTR's sharp drop dragged down Bitcoin, and the daily chart remains in a wide consolidation range. This is only a relief rally after negative news, not a trend reversal. On the rebound, resistance at 60,800-61,300 can be shorted with light positions. On pullback, support at 58,800 can be used for short-term long bets. Strictly control positions and use stop-loss throughout. Only if it breaks above 61,500 with volume should we look for a recovery rally.
Risk Warning
Under the double pressure of sustained large ETF outflows and Fed rate hike expectations, the rebound lacks incremental capital support, and the risk of repeated volatility is extremely high. This article is for information compilation only and does not constitute any investment advice.