VanEck estimates that bitcoin could be nearing the end of an almost 11-month correction and entering an accumulation phase, with eight of its twelve capitulation indicators currently flashing. Bitcoin is trading around $64,700, down approximately 48% from its all-time high of roughly $126,300 set in October 2025. U.S. spot bitcoin ETFs recorded just under $300 million in net inflows on Monday June 9, their strongest single day since May 5. Long-term holders sold approximately 356,000 BTC over the past 30 days, bringing their share of circulating supply below 60% for the first time in months.
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