Cryptocurrency12 Jun 2026SEO 801 min read

Analysis: While bitcoin holds near $63,000, some data points to pain ahead for bulls

Onchain data shows the bitcoin market price is only just above its realized price and demand is weakening, especially from ETFs. Bitcoin is hovering near $63,0…

Onchain data shows the bitcoin market price is only just above its realized price and demand is weakening, especially from ETFs. Bitcoin is hovering near $63,000, but onchain data shows it's only just above its realized price and demand is weakening, especially from ETFs, suggesting the market is closer to a value zone than a confirmed recovery. VELVET surged more than 1,400% in a week on speculative pre-IPO hype around SpaceX and AI firms despite minimal protocol usage, raising the risks…

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