Faktor Penghambat Reli BTC, Harga PEPE Melompat, dan Raihan Terbaru BlockDAG

Bitcoin Miner Capitulation Weighs on BTC Rally

Bitcoin Miner Capitulation is being cited as a factor hindering the BTC rally amid a general decline in Bitcoin's price.

Surge in OTC Bitcoin Transactions

CryptoQuant Research Lead Julio Moreno highlights significant signs of Bitcoin miner capitulation, with miners selling a record 1200 Bitcoin on Monday, June 10. Notably, these transactions were processed over-the-counter (OTC) rather than on exchanges, suggesting miners seek to avoid immediate market impact.

OTC Transfers May Signal Further Selling Pressure

The increase in OTC Bitcoin transfers indicates that miners may be preparing to sell more as they anticipate potential price declines or seek urgent liquidity.

Liquidations in Derivative Market Could Trigger Further Dip

Bitcoin analyst Willy Woo believes recent liquidations in the cryptocurrency derivatives market (futures) could exacerbate the downturn. He suggests Bitcoin could fall to $62,500 to clear out remaining speculative positions, highlighting the importance of purging "degen" interest in futures bets.

PEPE Coin Strength Continues

Amid concerns over BTC's rally, the meme coin PEPE has seen positive momentum, rising 9% in the past 24 hours to $0.00001285.

Technical Analysis Points to Potential Bullish Extension

Technically, PEPE remains within an ascending parallel channel, with bullish continuation remaining possible. Buyers have defended the $0.00001 level, with the latest recovery above $0.000012 shifting the narrative.

Potential New ATH Nearing $0.000018

If bullish momentum persists, PEPE may rally towards a new all-time high (ATH) near $0.000018 in the coming days.

BlockDAG Progress

Presale-stage cryptocurrency project BlockDAG has reportedly raised $48.9 million in funding. Development updates include improvements to its dashboard's real-time data and user interface, as well as technical upgrades related to data aggregation, synchronization, parsing, and visualization.

Upcoming Focus

"The next steps are to improve the user interface, optimize the network performance for more data volume operations, and gather feedback from the users in the testnet before the official mainnet release," states the project's website.