Episode Details

Bitcoin is sitting near $60,250, but one quiet structural break may matter more than the price: the corporate accumulation flywheel that helped support BTC could be stalling. Strategy’s mNAV has slipped to around 0.72, a level that changes the math behind issuing shares and buying more Bitcoin. Meanwhile, Ethereum’s liquidity picture is flashing a different clue, with DEX volume down about 71 percent and stablecoin supply shrinking across both USDT and USDC. Add in a Fear and Greed reading of 18, roughly $1.9 billion in upcoming token unlocks, and a surprising divergence in SOL and TRX, and the market looks less like a simple selloff and more like a rotation map. What is still strong, and what is only pretending? Full report: https://deepmarket.report/en/report/crypto/2026-06-28?utm_source=podcast&utm_medium=rss&utm_campaign=podcast-crypto-en&utm_content=2026-06-28-en&utm_term=report_link