Wu Says learned that ARK Invest released a 2026 Q2 Bitcoin report stating that Bitcoin fell by about 14% in the second quarter; by the end of June, it was $58,544 and had fallen below the realized price achieved by short-term holders, the 200-day moving average, and the on-chain average. The technical picture still leans bearish. However, the proportion of loss-making supply rose to about 54%, and the amount of BTC held by long-term holders rose to an all-time high of 14.85 million BTC. ARK views this as a potential seller exhaustion signal. The report also pointed out that Bitcoin has not yet fallen back to the on-chain cost basis range of about $49,000 to $53,000, and downward risks have not been fully released. In addition, US spot Bitcoin ETFs saw net outflows of about 71,000 BTC in Q2, and Strategy’s STRC preferred shares fell to a low of $74.57.

BTC0.80%
STRC-0.15%
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