Bitcoin held near 62,900 on June 23 as the hype faded but the floor held; the months-long slump is macro-driven, and recovery hinges on the rate story.
Key Facts
Bitcoin held near 62,900, little changed on June 23, steady even as stock futures fell sharply.
The slump is macro, not crypto-specific — rates, a firm dollar and fund outflows, with the plumbing intact.
Early base-building signs are appearing — two weeks of sideways trade above the ~60,500 low, momentum lifting.
The recovery triggers are nameable — a softer inflation print, returning fund flows, and a US crypto-rules vote.
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