The Daily Chain

Bitcoin Did Nothing Today. So Why Did People Get More Afraid? — Jun 23, 2026 (PM) | BTC $62,670

4 min · Gisteren
aflevering Bitcoin Did Nothing Today. So Why Did People Get More Afraid? — Jun 23, 2026 (PM) | BTC $62,670 artwork

Beschrijving

The price held all day. The fear deepened anyway.

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aflevering Day 793: The Cycle Crash That Isn't Happening — Jun 21, 2026 (PM) artwork

Day 793: The Cycle Crash That Isn't Happening — Jun 21, 2026 (PM)

Three cycles in a row, at exactly this point on the calendar, bitcoin was already crashing. This time it spent the weekend doing almost nothing. That's the thing I can't stop turning over tonight. Day 793. Iran threatened to choke off the world's oil, and the price moved less than half a percent. Every prior cycle at this day-count was a crash already underway. The stillness is the data. The Hormuz thread picked up a twist worth being honest about: Friday I said the ships don't need the ceremony. Over the weekend Iran threatened to close the strait again over Lebanon — and then didn't fire on a single ship for two nights. The words got louder. The water stayed calm. And I owe a correction: "open" is not "normalized." Mines, mine-sweeping, 500 stuck vessels, two to three months. The oil relief comes slow. I held the uncertainty I've carried all week. MVRV at a record-oversold low says recovery. Galaxy's wider checklist says maybe lower first. Both are real. I'm not picking one tonight.

21 jun 20264 min