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Ahmed Barakat
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In Bitcoin news today, BTC trades at around $63,500, down -0.6% on the day, sitting in a tight range while the market absorbs a fresh round of corporate treasury noise. Metaplanet CEO Simon Gerovich just killed a rumor that could have spooked holders, and the numbers behind his denial are worth unpacking before assuming this is a non-event.
The Japanese Bitcoin treasury company moved 5,014 BTC (roughly $322M) between custodial addresses over a 24-hour window starting Wednesday, triggering immediate speculation of a sell-off.
Gerovich shut that down directly: “This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC.” The entire transfer cost Metaplanet about $8 in network fees, underscoring how cheap it is to move nine-figure sums on-chain when you’re not touching exchange order books.
This clears one overhang, but it doesn’t rewrite Bitcoin’s broader structure. The macro backdrop still matters more than any single treasury’s wallet activity, and traders are right to keep watching whether other public holders face similar scrutiny.
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Bitcoin News: Can BTC USD Hit New Highs This Week?
BTC’s $63,769.56 print with a 0.27% daily gain reflects a market in consolidation rather than a trend. Volume hasn’t shown the kind of spike that typically accompanies a breakout, which suggests traders are waiting on a catalyst rather than forcing direction.
The $63,373 intraday low functions as near-term support; a close below it would open room toward the next demand zone, while reclaiming $64,000 with volume could shift momentum toward retesting recent highs.
Bull case: a clean break above $64,000 on rising volume drags in momentum buyers and squeezes short positioning. Base case: continued range-bound trading between $63,300 and $64,000 as the market digests treasury-company headlines and awaits the next macro print.
Bear case: a breakdown below $63,373 invalidates the near-term structure and reopens downside toward prior support shelves. For deeper technical framing, recent target analysis is worth a look before positioning either direction.
Prediction Market Bettors Give Higher Chance of $40K BTC Over $100K in 2026
In other Bitcoin news, cryptocurrency bettors are tempering expectations that Bitcoin will reclaim $100,000 in 2026. Kalshi currently assigns only a 1.6% chance of Bitcoin hitting $100,000 and beyond this year, down from a high of 91% in January.
Similarly, chances of BTC reaching $90,000 fell from 71% in early May to 2.5% as of this writing. Interestingly, the odds of Bitcoin moving lower were relatively higher.
Punters have priced in a 20% possibility of Bitcoin declining below $45,000, alongside a 15% chance of a drop below $40,000. Forecasts about Bitcoin’s price action have surged in volume even as the asset struggles through a drawn-out bear market.
Popular market analyst Alessio Rastani predicted Bitcoin would crash to $20,000 by the end of 2027 before making a sharp recovery.
On the other side, Bitwise Chief Investment Officer Matt Hougan said Bitcoin’s refusal to react to bad news, including BTC sales by Strategy and CLARITY Act delays, is one of the clearest signs the cryptocurrency winter is ending.
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This article is not financial advice. Crypto markets are highly volatile. Always conduct independent research before making investment decisions.
