Crypto analyst Lark Davis pointed out that the Bitcoin Puell Multiple indicator shows pressure on miners and the market is approaching the bottom of this cycle. This indicator measures profitability by tracking the ratio of miners' daily income to their 365 day average. Low miners' income and BTC selling behavior typically correspond to cyclical lows. Lark Davis stated that although the indicator has not yet reached the green oversold range, signals of pressure on miners have emerged, and whether $59000 can be held as the low point for this round will be seen in the coming months.
According to Saudi media Hadas and Al Arabiya TV, the United States, Iran, and Pakistan have begun bilateral and trilateral contacts, with Iran stating that the first formal negotiation meeting will be held at 19:30 (UTC+8).
Binance Alpha will launch Arcium (ARX) on June 22nd, and eligible users can use Binance Alpha points to claim airdrops on the Alpha activity page after the transaction is initiated.
Michael Saylor stated on the X platform that Bitcoin supporters should reach consensus on 99% of important issues and should not allow the 1% divergence to lead to division, especially when the vast majority of global capital has not yet entered the Bitcoin currency network, where opportunities outweigh debate.
