Crypto Currency

After melting the charts, the OG of crypto may need a breather – here’s what you could buy in the meantime

Crypto markets have been running wild, and Bitcoin ($BTC) has been moving like a small cap in loose monetary conditions. People might not want to hear this, but things need to cool off before another leg up. Time for a pull-back? After melting charts, the OG of crypto may need a breather. Here’s what you


Crypto markets have been running wild, and Bitcoin ($BTC) has been moving like a small cap in loose monetary conditions. People might not want to hear this, but things need to cool off before another leg up.

Time for a pull-back? After melting charts, the OG of crypto may need a breather. Here’s what you could buy in the meantime. Presales offer a harbour from volatility, and regarding what crypto to buy today, Galaxy Fox ($GFOX) is garnering a lot of attention. This presale gem could let investors dodge the incoming dip and pick up right where they left off with the arrival of meme mania chapter two.

Bitcoin ($BTC) time for a pull-back?

Bitcoin has been melting the charts, and February represented its second-largest candle in history- the largest by a longshot in dollar terms. TradFi money has been driving this wild price action, and institutional demand has been racing ahead of issuance from miners. Demand overtaking supply is the most basic recipe for price appreciation.

While $BTC is undoubtedly a top crypto to buy this cycle, it is not immune to short-term pullbacks, and there could be a decent retracement loading. Bitcoin has climbed nearly 50% in the last month, and the RSI shows it is massively overbought. Most forget when $BTC moves aggressively to the upside, that it can move just as fast to the downside. Institutional buyers are notoriously more sophisticated than retail, and retail will be culled in these short-term fluctuations.

Sharp drawdowns and liquidation flushes are part and parcel of any bull market, and 20% corrections are expected in crypto. A pullback could be coming, and diving into an ICO like Galaxy Fox could allow investors to diversify their risk exposure while potentially benefiting from future upside.

Galaxy Fox ($GFOX)

Galaxy Fox has been sailing toward $4 million, with many investors waking up to the jam-packed value proposition of harbouring in presales. Investors could get to lock in the current value of their assets, dodge the dip, and then pick up where they left off in several weeks with the retail launch. Small caps launching in bullish conditions have always performed well. Galaxy Fox might be no exception.

It is leading the third generation of memecoins and has gone a step further to deliver value for its token holders. $GFOX boasts all the standard functionality of any memecoin: deflationary tokenomics and high-octane upside. But has additionally integrated a play-to-earn game and an ecosystem.

Galaxy Fox’s Web3 runner game is a global competition between players to end the season in the top 20% of the leaderboard. Those who do earn part of the prize pool and the protocol’s NFT collection offer in-game stats bonuses for anyone who wants to stack the deck in their favour. GameFi has been taking off recently, and this has helped fuel $GFOX’s oversized presale success.

However, it is the toke

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It’s not just bitcoin ETFs. Corporate BTC buying has dried up too

Markets Corporate bitcoin buying has collapsed from $500 million per day to almost negligible ETF outflows have dominated the narrative but corporate bitcoin treasuries have gone quiet too, compounding the demand-side weakness. By Omkar Godbole Updated Jun 11, 2026, 9:25 a.m. Published Jun 11, 2026, 5:16 a.m. 2 min read Make preferred on Share Share

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Corporate bitcoin buying has collapsed from $500 million per day to almost negligible

ETF outflows have dominated the narrative but corporate bitcoin treasuries have gone quiet too, compounding the demand-side weakness.

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Charts, graph. (Adam Smigielski/Unsplash)
Summary

  • Bitcoin’s slide from about $74,000 to below $60,000 has coincided with a sharp pullback in buying from both spot ETFs and corporate digital asset treasuries.
  • While corporate treasury firms remain net bitcoin buyers, their daily purchases have dropped from peaks above $500 million earlier this spring to minimal levels this month, removing a key source of demand.
  • U.S.-listed spot bitcoin ETFs have recorded more than $5.7 billion in net outflows since mid-May.

Bitcoin has lost buyers on two fronts.

The exodus from spot ETFs as a catalyst for the recent bitcoin price swoon is well documented. Less discussed is the equally steep drop in buying by digital asset treasuries, or firms whose core business is accumulating bitcoin as a treasury asset.

“As BTC broke down from the mid-$70Ks toward $60K, net inflows from corporate treasury firms fell sharply, with daily purchases slowing to a fraction of their recent pace,” analysts at Glassnode said in the latest market update.

“While companies remain net buyers overall, the decline in accumulation suggests this cohort is becoming more cautious, removing another source of marginal demand at a time when broader market sentiment remains weak,” they said.

Daily purchases by DAT firms, smoothed using a 7-day moving average. (Glassnode)

The green and red bars show the dollar value of daily net purchases by digital asset firms since June 2025, smoothed using a seven-day moving average.

The DAT demand has pretty much evaporated this month, down significantly from multiple instances of over $500 million in daily accumulation observed through April and May.

That partly explains BTC’s quick slide from $74,000 to under $60,000 last week.

Some analysts believe the sell-off was mainly catalyzed by Strategy, the world’s largest publicly listed BTC holder, disclosing that it sold 32 BTC in the final week of May. The firm, however, returned to the market during last week’s sell-off, snapping up BTC worth around $100 million. But that failed to keep prices from falling below $60,000.

As of writing, bitcoin changed hands at around $62,500.

The U.S.-listed spot ETFs remain another major headwind, continuing to bleed capital and reducing the odds of a sustained price rebound. On Wednesday, the 11 funds posted an outflow of $213.85 million, according to SoSoValue. Total redemptions have exceeded $5.72 billion since the second week of May.

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