Key Takeaways:
Bitcoin hit a 7-day high of $64,349 on June 12 amid fluctuating reports of a U.S.-Iran diplomatic deal.Spot bitcoin ETFs bled $405M last week, resulting in $88M in total derivatives market liquidations.Bitunix analyst predicts bitcoin will compete directly with global liquidity headwinds in the months ahead.To illustrate, benchmark Brent and WTI crude oil prices trended steadily downward over a week that, paradoxically, saw direct military exchanges between U.S. and Iranian forces. Market data show Brent crude slid from $97 a barrel on Monday to $87 by Friday afternoon, while WTI dropped from $94 to $84. Global equities similarly shrugged off the escalating war of words, with major indices resiliently closing the week in positive territory.
