- Glassnode data shows seven-day average corporate Bitcoin purchases have dropped to near zero level.
- Michael Saylor described STRC as “Digital Credit” and called it an “income product” for Bitcoin investors.
- A double-bottom reversal pattern supports the BTC price to defend the $60,000 support region.
Bitcoin, the largest cryptocurrency by market capitalization, showed an insignificant drop of 0.05% on Wednesday to trade at $62,612. Following last week’s pullback, the BTC price is trying to stabilize above the monthly support of $60,000, but a slowdown in corporate accumulation has withdrawn a key demand pillar from the market. The growing streak of spot BTC outflow adds additional pressure on Bitcoin to prolong its current correction.
Corporate Bitcoin Purchases Come to a Halt in June 2026
Over the past week, the BTC price plummeted from $67,253 to its current trading value of $62,612, accounting for a 6.8% loss. Subsequently, the asset’s market cap also retraced to $1.25 trillion.
While the geopolitical tension in the Middle East has eased due to US-Iran peace agreements and the reopening of key trade routes, the Bitcoin price struggles to gain a solid footing for recovery. The lack of strong buying pressure can be attributed to the slowdown in corporate Bitcoin treasury accumulation, which was the key driving force during the 2020–2021 Bull Run.
Glassnode’s netflows data for the companies shows a dramatic reduction in corporate Bitcoin treasury building activity. As seen in the 7-day SMA chart, the daily net buying has been reduced to a near-zero level after reaching highs above $500 million/day in spring 2026. Green accumulation bars have been greatly reduced as BTC price has been drifting towards the $60K mark, indicating a significant drop in institutional demand.
Overall, companies are net holders, but they have stopped buying aggressively, reflecting a wider slowdown in the current market.
The soft sentiment was compounded further by spot Bitcoin ETFs seeing $114 million in net outflows on June 23– the fourth day of outflows in a row, according to SoSoValue.
The net cooling of corporate flows and ETF outflows indicates that institutional demand has tempered in the short term, contributing to downward pressure on the BTC price.
Nonetheless, Bitcoin leaders are steadily pushing for innovation during this lull. In a recent tweet on Wednesday, Michael Saylor promoted STRC as “Digital Credit” — an income-generating product tailored for Bitcoin believers. Backed by Strategy, STRC delivers a compelling 13.17% effective yield.
The accompanying chart highlights Strategy’s full suite, with STRD leading at 16.19%, STRK at 13.26%, and STRC at 13.17%, all significantly outperforming traditional bond ETFs such as JNK (6.52%) and PFF (5.40%).
This approach reflects MicroStrategy’s strategy of leveraging its substantial BTC holdings to create higher-yielding financial instruments. These developments reflect continued attempts to raise new capital and maintain the overall bullish sentiment in the Bitcoin ecosystem, despite a slowdown in corporate accumulation.
Bitcoin Price to Challenge $60,000 Support Region Again
Amid the current correction trend, the BTC price is likely to plunge another 3.5% and retest the multi-month support of $59,930. This horizontal support, coinciding closely with the 61.8% fibonacci retracement level, accentuates a strong demand zone for buyers.
Interestingly, the Bitcoin price prediction signals the formation of a double bottom reversal pattern at the same support, signalling an opportunity for price reversal. The weekly RSI slope also projected resilience above the 33.75 floor during the early June retest, which was notably higher than the 27 low during the February drop.
This indicates a classic bullish divergence between price and the growing underlying demand pressure, which reinforces the recovery potential.
Thus, a potential rebound from the $60,000 level could accelerate the bullish momentum in BTC price and drive a renewed recovery to $70,000, followed by $82,915.
On the contrary note, if BTC breaks below the double-bottom support, the bullish thesis will get invalidated, and the prices could drive an extended correction.
