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Bitcoin dips below $63K amid ETF outflows and geopolitical risks

Key takeaways

  • Bitcoin is trading below $64,000 after rallying more than 6% last week.
  • U.S. spot Bitcoin ETFs recorded $526.64 million in net outflows, marking an eighth consecutive week of withdrawals.
  • Renewed geopolitical concerns surrounding the Strait of Hormuz are limiting demand for risk assets.

Bitcoin (BTC) is trading slightly lower on Monday after climbing more than 6% last week, with buyers struggling to push the cryptocurrency above the key $64,000 resistance level.

Although last week’s rebound improved short-term sentiment, persistent institutional selling and renewed geopolitical uncertainty continue to cap upside momentum.

For now, Bitcoin remains caught between improving technical conditions and cautious macroeconomic sentiment.

Spot Bitcoin ETFs extend historic outflow streak

Institutional demand for Bitcoin remains under pressure. According to CoinGlass data, U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $526.64 million in net outflows during the previous week.

The withdrawals mark the eighth consecutive week of net redemptions, extending the longest outflow streak since spot Bitcoin ETFs began trading.

If institutional investors continue reducing exposure this week, Bitcoin could face renewed selling pressure despite last week’s rebound.

Global geopolitical uncertainty remains another obstacle for Bitcoin. The cryptocurrency rallied last week after easing tensions between the United States and Iran briefly improved investor sentiment.

However, optimism has faded as concerns surrounding the Strait of Hormuz resurfaced.

Reports that Iran may introduce new service fees for vessels passing through the strategically important shipping route have renewed uncertainty, while the United States and several Gulf allies continue opposing such measures.

The lingering geopolitical risks have kept investors cautious, limiting demand for higher-risk assets such as cryptocurrencies.

Bitcoin price outlook: Bulls defend long-term support

From a technical perspective, Bitcoin continues to trade above a critical long-term support level.

Last week’s rally allowed BTC to reclaim the 200-week Simple Moving Average (SMA) at $62,867 after bouncing from an ascending trendline that has supported prices since early 2023.

Holding above this level keeps the broader recovery intact. If buyers maintain control above the 200-week SMA, Bitcoin could extend its advance toward the 78.6% Fibonacci retracement level at $65,520, measured from the August 2024 low to the October 2025 record high.

On the daily timeframe, Bitcoin continues to trade below its major moving averages. The cryptocurrency remains beneath the 50-day EMA at $65,744, the 100-day EMA at $69,455, and the 200-day EMA at $75,471, leaving the broader trend tilted to the downside despite recent gains.

Immediate resistance is located around $64,004. A successful breakout above that level could allow Bitcoin to challenge the 50-day EMA, with additional upside targets at the 100-day EMA, the 200-day EMA, and eventually the major resistance area near $84,410.

While momentum has improved, the daily RSI near 49 and a positive MACD crossover indicate buyers are gradually regaining strength, although confirmation of a sustained uptrend is still lacking.

The 200-week SMA at $62,867 remains the most important support level in the near term.

A sustained move below that area would weaken the current recovery and expose the long-term ascending trendline near $58,000. If selling pressure intensifies further, Bitcoin could revisit its yearly low around $57,800.

Bitcoin has recovered significantly from recent lows, but the rally is encountering resistance just below $64,000.

BTC/USD 4H Chart

Persistent ETF outflows, geopolitical uncertainty, and overhead technical resistance continue to limit upside potential.

As long as BTC holds above its 200-week SMA, the recovery remains intact. However, buyers will need to reclaim $64,004 and then $65,744 to build momentum for a broader move higher.

The post Bitcoin dips below $63K amid ETF outflows and geopolitical risks appeared first on CoinJournal.

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REAL launches confidential layer to expand institutional RWA adoption

  • REAL launches private execution layer for RWA institutions.
  • ZKsync tech enables confidential on-chain settlement via Ethereum.
  • Platform aims to bridge the privacy gap in institutional blockchain use.

REAL has introduced a confidential execution layer designed to support regulated financial institutions operating in tokenized real-world asset (RWA) markets, addressing one of the key barriers to broader institutional adoption of blockchain-based finance.

The new layer, built using ZKsync’s Prividium technology, operates alongside REAL’s public Layer 1 network.

According to the company, it enables institutions to keep positions, allocations, and counterparty data private while still benefiting from public settlement and liquidity through Ethereum.

The company said the confidential layer is intended to provide privacy controls without compromising compliance, liquidity, or distribution, allowing institutions to participate in onchain markets while maintaining the confidentiality required for regulated financial operations.

Confidential infrastructure targets institutional needs

REAL said the new execution layer is designed to bridge the gap between public blockchain infrastructure and the operational requirements of regulated financial institutions.

While public blockchains offer benefits such as global access, instant settlement, and composability, the company noted that institutions have been reluctant to conduct business on networks where sensitive information—including positions, treasury strategies, and counterparty relationships—is publicly visible.

Because the confidential layer settles transactions on Ethereum, institutions can access the broader onchain capital market while maintaining operational privacy instead of operating within isolated private networks.

Platform supports regulated financial workflows

According to REAL, the confidential execution layer is built to support a range of institutional workflows where privacy is considered essential.

These include wealth and asset management activities that require protected portfolio information, balance sheet operations, tokenized deposit models, and selective disclosure capabilities for auditors, compliance teams, and regulators when necessary.

The company said institutions using the platform will continue to benefit from blockchain-native settlement, distribution, and liquidity while avoiding the need to expose sensitive business activity on fully public networks.

The launch also expands REAL’s broader strategy of supporting the entire lifecycle of tokenized real-world assets within a compliance-focused infrastructure.

The company said its platform covers issuance, risk assessment, insurance, trading, and institutional execution under a single architecture designed for regulated financial markets.

REAL expands institutional blockchain offering

REAL describes itself as an institutional blockchain infrastructure provider focused on compliant real-world asset tokenization and risk-managed capital flows.

Built on Cosmos Tendermint, the platform supports multiple stages of onchain financial products, including issuance, compliance, liquidity, insurance, risk assessment, and trading.

The company said its dual-validator architecture combines technical validators with business validators such as tokenizers, risk scorers, insurers, and credit agencies to provide an infrastructure aimed at institutional trust.

The confidential execution layer uses ZKsync’s Prividium privacy technology, which is designed to enable regulated entities to operate onchain with configurable confidentiality, selective disclosure, and settlement on Ethereum.

The post REAL launches confidential layer to expand institutional RWA adoption appeared first on CoinJournal.

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Chainlink price prediction: record network growth meets bearish technicals

  • Chainlink added 6,182 new wallets in two days.
  • LINK’s price must clear $8.31 to strengthen its recovery.
  • Technical indicators lean more bearish than bullish.

Chainlink (LINK) is showing a rare divergence between its on-chain activity and price action.

While the token has struggled to recover from recent losses, network activity has accelerated at its fastest pace this year, raising questions about whether the increase in network activity can eventually translate into a price rebound.

At the time of writing, LINK is trading around $7.30, up just 0.3% over the past 24 hours.

Despite the modest daily gain, the broader trend remains weak.

LINK has declined 8.7% over the past week, 20.3% over the last 30 days, and 45.8% over the past year.

Chainlink network activity reaches highest level of 2026

Recent on-chain data showed that the Chainlink network added 6,182 new wallet addresses in just two days, marking its strongest two-day growth of 2026.

The increase was spread across two consecutive days, with 3,142 new wallets created on June 25 and another 3,040 on June 26.

Such growth is often viewed as a sign of rising user participation because it reflects fresh addresses interacting with the network during a period when the token itself has been under selling pressure.

The surge is particularly notable as it came while LINK was trading close to multi-month lows instead of a rally.

In many cases, rapid wallet growth accompanies rising prices as new investors enter the market.

This time, the increase in network activity arrived even as the token remained below several important resistance levels.

Chainlink continues to maintain a total value locked (TVL) of about $28.841 billion, showing that the protocol remains one of the largest decentralised oracle networks despite recent weakness in its token price.

Some market observers have pointed to the divergence between improving on-chain metrics and weaker prices as evidence that network usage has remained resilient.

However, address growth alone does not guarantee higher prices, particularly when broader market conditions remain under pressure.

Bearish technical indicators continue to dominate

Despite the encouraging on-chain data, technical indicators still favour the sellers.

From a technical perspective, LINK is trading below its 10-day, 20-day, 50-day, 100-day, and 200-day EMAs, leaving every major moving average above the current price and acting as resistance.

Remaining below the 200-day EMA also suggests that the longer-term trend has yet to turn positive.

Momentum indicators offer a slightly more balanced view.

The 14-day Relative Strength Index (RSI) stands at 32.21, keeping the token above the traditional oversold threshold of 30 but still close enough that trading volume could play a decisive role in the next move.

On the weekly timeframe, the RSI is 33.23, indicating that bearish momentum has eased compared to earlier weeks, although the broader trend remains under pressure.

Key Chainlink price levels to watch

The technical structure leaves several important price levels in focus.

Immediate support sits at $7.02. If the token closes below that level, the current support structure would weaken significantly and could expose LINK to additional downside.

Chainlink price chart

On the upside, traders are watching $8.31, which represents the first major resistance level.

A confirmed close above that price would improve the technical outlook and could allow LINK to challenge the next resistance around $9.19.

Some technical analysts have also highlighted the possibility of a double-bottom formation if support continues to hold.

Under that scenario, a sustained breakout above resistance could eventually open the path toward the $9 region.

The post Chainlink price prediction: record network growth meets bearish technicals appeared first on CoinJournal.

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What Binance’s EU exit means for the BNB token price

  • Binance will halt services for EU users after MiCA setback.
  • BNB token price has fallen 13.2% over the past month.
  • Bitcoin miner inflows to Binance hit a four-month high.

BNB token remained under pressure on Friday as investors weighed Binance’s regulatory setback in Europe against the token’s long-term role within the Binance ecosystem.

The token traded at $566.26, down 0.3% over the previous 24 hours.

During that period, Binance coin (BNB) moved between $541.77 and $569.04, showing that buyers managed to push the price close to the day’s high despite negative headlines.

Even so, the broader trend has remained weak.

BNB has fallen 1.4% over the past seven days, 5.5% in the last two weeks, 13.2% over the past month, and 12.5% over the last year.

The latest decline in sentiment comes after Binance confirmed that it will stop providing services to customers across the European Union after failing to obtain a license required under the bloc’s Markets in Crypto-Assets (MiCA) regulations.

Regulatory setback raises fresh questions

Binance’s withdrawal from the European market represents another regulatory challenge for the world’s largest cryptocurrency exchange.

The company informed affected users that services in the European Union will end after it failed to secure the required MiCA authorisation before the regulatory deadline.

Binance had previously sought approval through Greece before withdrawing its application and has indicated that it intends to pursue authorisation through another EU member state.

Although Binance said Europe remains an important market and expects to secure a license in the future, the interruption creates uncertainty for one of its largest regional user bases.

That uncertainty matters because the BNB token is closely tied to the Binance ecosystem.

While the token has expanded well beyond its original purpose as an exchange utility token, Binance’s trading activity still plays an important role in overall demand.

Any reduction in exchange activity could temporarily affect demand for BNB tokens, particularly from users who hold the token to receive trading fee discounts or participate in Binance products.

BNB token still has utility beyond the exchange

Despite the regulatory headwinds, the BNB token is no longer dependent solely on Binance’s centralised exchange.

The token serves as the native asset of BNB Chain, where it is used to pay transaction fees, support decentralised finance applications, participate in staking, and access Binance Launchpad token offerings.

These use cases continue to generate demand independent of spot trading on the exchange.

The BNB token also benefits from a deflationary supply model.

The token launched with a maximum supply of 200 million coins, and Binance continues to remove tokens from circulation through scheduled burns.

The token burn mechanism has so far removed 289,896.29 BNB tokens from the circulating supply, according to BNBBurn info, and remains one of the key features supporting the asset’s long-term economics.

However, utility alone may not fully offset the impact of negative regulatory developments in the short term.

Investor sentiment often reacts quickly to news involving Binance because of the close relationship between the exchange and its native token.

The wider crypto market decline adds another layer of pressure

The regulatory news arrives at a time when the broader cryptocurrency market is already facing fresh concerns.

Recent blockchain data showed that Bitcoin miners transferred more than 150,000 BTC to Binance during June, marking the highest miner inflows to the exchange in four months.

Large transfers from miners to exchanges are closely monitored because they can precede increased selling activity.

Although deposits do not automatically mean that coins have been sold, they often indicate that miners are preparing to access liquidity after periods of lower mining profitability.

If Bitcoin (BTC) experiences additional selling pressure, the effect can extend beyond the largest cryptocurrency.

And major altcoins, including the BNB token, frequently move in the same direction as Bitcoin during periods of broader market weakness.

If that happens, then the BNB token price could drop below the key support at $541.

However, if the market sentiment improves, then we could see the token recover above $588 and above.

The post What Binance’s EU exit means for the BNB token price appeared first on CoinJournal.

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GoMining mines first Stratum V2 Bitcoin block using DMND pool

  • GoMining mines first Stratum V2 Bitcoin block with DMND pool.
  • Stratum V2 enables miners to choose block transactions directly.
  • New system shifts power from pools to miners in Bitcoin mining.

GoMining has mined the first known Bitcoin block produced using the Stratum V2 protocol with the DMND Bitcoin mining pool.

The process demonstrates miner-controlled block creation in a live mining environment.

The block was created using Stratum V2’s Job Declaration functionality through the DMND pool.

The approach allowed GoMining to construct and declare its own block template rather than relying on a mining pool to select transactions.

Pool-controlled transaction selection has been the dominant model in Bitcoin mining for years.

The milestone marks an early real-world implementation of Stratum V2’s miner-driven architecture and highlights a shift toward giving miners greater authority over how blocks are constructed while remaining part of pooled mining operations.

Miner-controlled block construction demonstrated in production

The block included transactions linked to GoMining’s GoBTC Pay, an open-source Bitcoin instant payments protocol developed by the company.

By incorporating GoBTC Pay transactions into the block template it created, GoMining demonstrated a practical use case for Stratum V2’s Job Declaration feature and showed how miners can directly influence the contents of blocks they help produce.

“This block demonstrates that miners can now participate in pooled mining while retaining control over block construction,” said Mark Zalan, CEO at GoMining. “For years, mining pools have largely determined which transactions are included in Bitcoin blocks. By creating our own block template and including GoBTC Pay transactions, we’re demonstrating one of the practical capabilities that Stratum V2 makes possible.”

The successful mining of the block provides an example of how miners may be able to gain more autonomy while continuing to benefit from the shared resources and economics of mining pools.

Stratum V2 aims to expand miner participation and flexibility

Stratum V2 is an open-source mining protocol developed with contributions from multiple participants across the Bitcoin industry.

In addition to improvements in security and efficiency, the protocol enables miners to create their own block templates while still participating in pooled mining.

The latest development demonstrates that miner-controlled block construction can operate in a production environment, potentially supporting broader adoption of Stratum V2 across the mining ecosystem.

The deployment also illustrates how the protocol may allow miners to integrate their own applications and services directly into the block creation process.

“A miner just mined the first Stratum V2 block to power their own product end to end. GoMining declared the template and included their GoBTC Pay payments with no pool in the way. We built DMND for exactly this.” said Alejandro De La Torre, CEO & Co-founder at DMND.

The milestone comes as the bitcoin mining industry continues to explore technologies that improve efficiency, security and decentralization.

By demonstrating that miners can build and declare their own block templates while remaining part of a mining pool, GoMining and DMND have provided an early example of how Stratum V2’s architecture could reshape block creation and transaction selection within the broader Bitcoin mining ecosystem.

The post GoMining mines first Stratum V2 Bitcoin block using DMND pool appeared first on CoinJournal.