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Can Bitcoin Price Rebound in July? Key Factors to Watch

Bitcoin is set up for a tense July after June delivered the token’s weakest monthly performance since mid-2022. BTC is down roughly 18.5% for the month and has struggled to defend the $60,000 psychological level. Analysts are split between two forces: downside pressure tied to Bitcoin’s technical weakness, and a potential “liquidity magnet” effect that has historically coincided with sharper rebounds. Traders watching July closely will likely focus on whether BTC can reclaim key long-term indicators before any mean-reversion bounce plays out. Key takeaways June’s drawdown puts pressure on Bitcoin’s ability to hold support near $60,000, with further weakness possible if longer-term trend levels fail. Liquidation data referenced by analyst Fleh points to a large short-liquidation concentration near $67,600, which could act as a magnet on a rebound. CoinGlass data cited in the coverage suggests Bitcoin has historically posted an average gain of about 7.6% in July, after a weak June....
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EBA Outlines Landmark EU Crypto Fines as New Rules Take Effect

The European Banking Authority (EBA) has published a consultation paper outlining how it plans to calculate fines for crypto asset issuers that breach the EU’s Markets in Crypto-Assets (MiCA) framework. The proposal—released June 26—signals that regulators intend to move from rulemaking to consistent, standardized enforcement for “significant” token issuers. Under the draft methodology, the EBA would apply a structured two-step process: it would first establish a baseline severity for an infringement and then adjust the result based on aggravating or mitigating factors. The framework is designed to cover significant asset-referenced tokens (ARTs) and significant e-money tokens (EMTs), with penalty caps intended to be large enough to deter major market players. Key takeaways The EBA’s June 26 consultation sets out a standardized method for determining MiCA-related fines for issuers of “significant” ARTs and EMTs. Fines could reach statutory ceilings of up to 12.5% of annual turnover...
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Binance Sees $400M+ Weekly Net Outflows as MiCA Deadline Nears

Binance logged more than $400 million in net outflows over the week starting June 22, according to exchange-reserve tracking by DefiLlama. The move follows the exchange’s decision to withdraw its application for Markets in Crypto-Assets Regulation (MiCA) licensing in Greece, a setback that comes as the European Union approaches its July 1 MiCA transition deadline. DefiLlama data reviewed by Cointelegraph shows Binance’s seven-day net outflows totaled roughly 0.3% of its $133.3 billion in tracked assets. When excluding Binance’s native token, BNB, the outflows still account for about 0.35% of Binance’s $113.8 billion in tracked crypto assets—small in percentage terms, but large in absolute value. Key takeaways Binance recorded weekly net outflows of more than $400 million after withdrawing its MiCA license application tied to Greece. DefiLlama tracking puts the outflows at about 0.3% of Binance’s tracked assets (or 0.35% excluding BNB), suggesting the effect is limited relative to t...
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Binance Sees $400M+ Weekly Net Outflows Ahead of MiCA Deadline

Binance saw a sharp pullback in customer funds in the run-up to the EU’s Markets in Crypto-Assets Regulation (MiCA) transition deadline, after the exchange withdrew its MiCA license application in Greece. DefiLlama data reviewed by Cointelegraph shows the withdrawal coincided with the week beginning June 22 becoming the latest period of heavy net outflows for the platform. During that seven-day window, Binance recorded more than $400 million in net outflows, equivalent to 0.3% of its $133.3 billion in tracked assets. When excluding BNB, the figures rise slightly: outflows amounted to 0.35% of Binance’s $113.8 billion in tracked crypto assets, according to DefiLlama’s exchange datasets. Key takeaways Binance reported net outflows of over $400 million in the week starting June 22, following its decision to withdraw a MiCA license application in Greece. The outflow burst intensified on Wednesday, when Binance recorded $1.96 billion in net outflows—followed by two more high-outflow day...
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Grayscale’s Zach Pandl Says Strategy Could Sell $3B Bitcoin to Meet Cash Needs

Strategy is entering a tense stretch for its “digital credit” preferred stock STRC as the company weighs how to meet large cash obligations while continuing to manage its extensive Bitcoin holdings. In an X post on Saturday, Zach Pandl, head of research at Grayscale, said he hopes Strategy will sell at least $3 billion worth of Bitcoin to cover most of its cash commitments for the next two years. Pandl’s commentary, however, points to a likely alternative outcome: he expects STRC’s dividend rate to rise by 50 basis points, which would add about $100 million in additional annual obligations over the next two years. For investors watching STRC trade below its $100 par value, that prospect may be less reassuring than a Bitcoin sale intended to stabilize Strategy’s capital structure. Key takeaways Zach Pandl said he hopes Strategy sells at least $3 billion in Bitcoin over the next two years to meet most cash obligations. Pandl instead expects STRC’s dividend rate could increase by 50 b...
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Grayscale’s P&L Strategy Aims to Sell $3B Bitcoin to Rebuild Trust

Grayscale’s research head Zach Pandl says he expects Strategy (the publicly listed corporate Bitcoin holder) will likely have to raise the dividend rate on its flagship “digital credit” preferred stock, STRC, to meet near-term cash obligations. In an X post on Saturday, Pandl also argued that a Bitcoin sale—rather than dividend hikes—could help restore confidence in Strategy’s capital structure. Still, Pandl’s own base case is unfavorable for investors focused on STRC’s stability: he projected a 50-basis-point increase that would add roughly $100 million in annual obligations over the next two years. The dispute comes as STRC continues trading far below its $100 par reference level, with Strategy’s broader financing choices now under heightened scrutiny. Key takeaways Zach Pandl said he hopes Strategy sells at least $3 billion in Bitcoin to cover most cash obligations over the next two years, but he expects a STRC dividend increase instead. Pandl projected a 50-basis-point rise in ...
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Sequencer Bug Triggers Two Base Network Outages in One Week

Coinbase’s Base layer-2 network suffered two block production outages last week, and the project’s engineering team has traced both issues to problems in its sequencer infrastructure. According to a Saturday post-mortem, a bug in the block-building process caused “stale journal state” to remain after an execution failure—preventing the network from progressing until operators applied fixes. Because Base runs with a single sequencer, the incident underscores a structural risk familiar to many rollups: when sequencer logic fails, block ordering and forward progress can stall across the whole chain. Base experienced a first outage on Thursday lasting 116 minutes, followed by a second that lasted 20 minutes, with a complete halt of new layer-2 block production during both events. Key takeaways Base’s engineering team linked the outages to sequencer block-building logic that left “stale journal state” after a transaction validation failure. Base operates a single sequencer, so a sequenc...
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