ME News reports that on June 13 (UTC+8), Bitcoin dropped below $60,000 from nearly $73,000, before rebounding to approximately $63,500. BTC remains about 50% below its all-time high of around $126,000 in October 2025. This decline pushed BTC into valuation ranges typically associated with bear market bottoms, yet no panic-driven sell-off—the usual indicator of a confirmed bottom—occurred. One catalyst for this drop came from Michael Saylor’s company, Strategy, which disclosed on June 1 that it sold 32 BTC, generating about $2.5 million to pay dividends on its STRC preferred shares. Although this amount is small relative to its roughly 845,000 BTC holdings, the sale was interpreted by the market as a shift in behavior, given Saylor’s long-standing assertion that he would “never sell Bitcoin.” Strategy may be attempting to demonstrate that BTC can be utilized as a corporate treasury asset without necessarily implying long-term holding. Meanwhile, prior tensions in Iran had driven up oil prices and intensified concerns about persistently high interest rates, causing BTC to be traded more like a high-beta Nasdaq proxy asset. Subsequently, macroeconomic factors spurred a market rebound: Trump stated that the U.S. had effectively ended its war with Iran, officials indicated progress toward a deal, Brent crude fell toward $85, and U.S. equities recovered. SpaceX listed on the Nasdaq on Friday, closing at $161—up 19% from its $135 offering price—further boosting risk appetite. BTC’s 4.7% weekly gain masks its true volatility: the price fell into a range where long-term valuation metrics suggest it is undervalued, stabilized without triggering a forced sell-off spiral, and then rebounded following improved macroeconomic news. However, a genuine market reversal still requires the return of demand—including stable ETF inflows, renewed buying interest, and sufficient liquidation of underwater positions. (Source: ChainCatcher)
Bitcoin rebounds as U.S.-Iran tensions ease; market awaits ETF inflows.
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Summary
On June 13 (UTC+8), Bitcoin experienced a market update, falling below $60,000 before rebounding to $63,500. The decline, nearing bear market levels, followed the sale of 32 BTC by Michael Saylor’s company for dividend payments. Easing U.S.-Iran tensions and declining oil prices contributed to Bitcoin’s recovery. However, a full reversal still depends on ETF inflows and increased buying pressure.
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