The worst month and quarter since 2011 for Bitcoin come as Michael J. Burry warns U.S. stocks are only halfway done with their declines.
Bitcoin (BTC) finished June 2022 just below $20,000 after a last-minute pump saw bulls escape 40% monthly losses.
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Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking higher into the monthly close, which came in at $19,924 on Bitstamp.
Although the analyst said that BTC could stay "boring" for months, Coinbase Pro buyers step up with metric suggests.
Among institutional investors, however, there was fresh evidence that BTC was a "buy" at $20,000. As noted by on-chain analytics platform CryptoQuant, the so-called "Coinbase Premium" returned to positive territory for the first time in two months on June 30.
The Premium is the difference between the BTC price on major exchange Binance and U.S. exchange Coinbase's institutional arm, Coinbase Pro.
When positive, it means that investors are paying more on Coinbase Pro, suggesting heightened demand. The Premium stood at 0.217 as of June 30.
(Source: Cointelegraph)