Bitcoin remains relatively stable around $62,600 following a new purchase from Strategy, as cautious investors await important U.S. inflation data and the upcoming Fed meeting next week.
By Omkar Godbole, Shaurya Malwa|Edited by Sheldon Reback Jun 9, 2026, 10:37 a.m. 4 min readMake preferred on Saylor's bitcoin acquisition did not affect the cryptocurrency's price. (CoinDesk)Key points:
- Bitcoin's price is largely unchanged at approximately $62,600 despite Strategy's recent acquisition, as investors remain cautious ahead of significant U.S. inflation data and next week’s Fed meeting.
- Derivatives markets indicate a decrease in liquidations and stable open interest, with negative funding and a heavy presence of puts reflecting ongoing caution.
- The H token of Humanity Protocol plummeted by nearly 90% after a theft of private keys resulted in losses exceeding $32 million.
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BTCBTC$63,271.85◢0.05%STRKSTRK$0.03460◢2.43%AAVEAAVE$62.82◢0.41%The recovery of bitcoin BTC$63,271.85 has stagnated even after Strategy (MSTR) acquired more of the leading cryptocurrency following its sale at the end of May.
Currently, bitcoin is trading around $62,600, showing little change from Monday’s figures. This comes after a brief 4% increase on Sunday that saw prices rise above $64,000 on various exchanges, including Coinbase.
Strategy, recognized as the largest publicly traded holder of bitcoin, announced on Monday that it purchased 1,550 BTC for $101 million, raising its total holdings to 845,256 coins. This purchase, while significantly larger than the 32 BTC sold at the end of May, did not lead to any price movement for the token.
The stability of BTC is negatively affecting the overall market as well. The CoinDesk DeFi Select Index has decreased by 1.8% within 24 hours, and the CoinDesk 80 Index has slipped by 1.3%.
Investor sentiment remains risk-averse, with a lack of conviction to pursue upward movement.
Daniel Reis-Faria, CEO of ZeroStack, commented in an email, "Bitcoin's recent rebound indicates that demand persists during price pullbacks, but investors are not deploying capital with the same confidence seen earlier this year."
He added, "While considerable focus has been on Strategy's buying activities, the larger concern lies within the overall economic climate. Investors are closely monitoring inflation and interest rate expectations leading up to next week's FOMC meeting, as these elements affect their risk appetite across various asset classes, including cryptocurrencies."
Derivatives market overview
- Total crypto futures volume dipped 1.3% to $190.7 billion over the past 24 hours, while open interest remained relatively stable around $103 billion. Liquidations dropped by 48% to $301 million, indicating that aggressive leverage has largely been removed from the market.
- ZEC stands out in the futures market, with open interest rising by about 5% to 2.47 million tokens, the highest level since May 26, as the token trades at $472, recovering sharply from lows below $300 last week.
- The 24-hour cumulative volume delta (CVD) is positive, suggesting that buyers are actively driving price movements through market orders rather than passive limit orders. However, annualized perpetual funding rates are deeply negative at around -45%, indicating that shorts remain firmly in control. This could lead to a potential short squeeze if prices continue to rise, as bears face increasing costs to maintain their positions.
- Open interest in WLD is just below last week’s record of 963.6 million tokens, indicating heightened positioning and potential for price volatility. Bitcoin and ether's open interest remains steady near Monday's levels.
- The 24-hour CVD for most major cryptocurrencies, including bitcoin and ether, is negative, indicating that bears are dominating market price movements.
- Implied volatility indexes for bitcoin and ether, BVIV and EVIV, are retreating from Friday’s highs, suggesting that panic is subsiding. However, front-week implied volatility for both remains significantly elevated, reflecting increased expectations surrounding Wednesday's U.S. CPI report.
- On Deribit, the $60,000 put option remains a key focus and is among the most actively traded strikes across various expirations in the past 24 hours. The one-week risk reversal is heavily tilted towards puts, with BTC puts trading at an 8 vol point premium to calls, indicating persistent fears of a deeper price decline.
Token updates
- The H token of Humanity Protocol experienced a catastrophic drop of over 80% after hackers compromised the private keys of a Humanity Foundation member, leading to the theft of more than $32 million from approximately 17 wallets, with losses still accumulating.
- The token's value plummeted from around $0.67 to approximately $0.13, briefly hitting $0.05, reflecting a 24-hour decline of nearly 90%.
- The theft is ongoing. The attacker has been converting the stolen H tokens into ether and has minted an additional 100 million H on BNB Chain, indicating more selling pressure is likely to follow.
- Humanity, which operates a palm-scan identity project and positions itself as a competitor to WLD$0.5038, has advised users to refrain from interacting with its bridge and liquidity pools while it collaborates with security firms and exchanges.
- This incident is consistent with the prevalent trend in 2026, where thieves target keys rather than exploiting code vulnerabilities. For instance, Solana's Drift lost around $285 million in April due to a similar key theft, and Kelp DAO lost about $292 million the same month through a single-validator bridge breach.
- Sahara AI's SAHARA token dropped roughly 60% to around $0.016, nearing its all-time low of $0.01355. Approximately $215 million exchanged hands against a market cap of nearly $49 million, indicating a capitulation event.
- Unlike Humanity, Sahara reported that there were no security issues with its contracts or products, reiterating a similar statement made on November 29, 2025, when the token fell from around 7 cents to 4 cents. It attributed the decline to a pre-scheduled 600 million token transfer to its Chainlink cross-chain bridge, asserting that team and investor allocations remained intact on-chain.
- SAHARA has now decreased by approximately 75% since its debut in June 2025.
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USDT's flashing a golden cross and that may be bad news for bitcoin
By Omkar Godbole|Edited by Sheldon Reback1 hour agoUSDT's dominance rate has signaled a golden crossover, indicating caution for the wider crypto market.
Key points:
- A bullish golden cross has emerged on the USDT dominance chart, suggesting that the Tether-issued stablecoin is likely to increase its share of the overall crypto market.
- Typically, this dominance rises when bitcoin's price declines, indicating a continued shift away from riskier cryptocurrencies towards dollar-pegged assets.