buy

According to The Block, Benchmark Equity Research reiterated its buy rating on Strategy (MSTR) and maintained its target price of $570. This target price still has about a 406% upside compared to Friday's closing price of $112.53.Although Strategy's perpetual preferred stock STRC experienced a significant sell-off last week, dropping to around $83, Benchmark analyst Mark Palmer stated that STRC is not a stablecoin and does not have a Terra/Luna-style reflexive mechanism. Its essence is a perpetual preferred stock, backed by over 847,000 bitcoins (approximately $55 billion) held by Strategy.Palmer believes that the decline of STRC is not a "de-pegging," but rather a reset of the market's required yield. The company currently has about $1.4 billion in cash reserves, which can flexibly support dividend payments. Benchmark views this sell-off as a stress test of its financing model, rather than a structural deterioration.

According to SoSoValue data, as of 8 AM Eastern Time on June 22, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $43.48 million, a decrease of 56.5% compared to last week.Strategy (formerly MicroStrategy) spent approximately $34.90 million last week to purchase 520 Bitcoins at a price of $67,068, increasing its total holdings to 847,363 Bitcoins.The Japanese listed company Metaplanet did not purchase any Bitcoin last week, marking nine consecutive weeks without purchases.In addition, two other companies purchased Bitcoin last week. The Japanese food brand DayDayCook announced on June 17 that it spent $7.43 million to purchase 95 Bitcoins at an undisclosed price, bringing its total holdings to 2,899 Bitcoins; the Brazilian Bitcoin company OrangeBTC announced on June 21 that it invested $1.15 million to purchase 18 Bitcoins at a price of $64,121, increasing its total holdings to 3,822 Bitcoins.As of the time of publication, the total amount of Bitcoin held by the global listed companies (excluding mining companies) in the statistics is 1,141,444 Bitcoins, an increase of 1.79% compared to last week, with a current market value of approximately $7.392 billion, accounting for 5.7% of Bitcoin's circulating market value.

According to a post by BIT Official analysts, in the past 30 days, the total capital flow of stablecoins, MicroStrategy, and Bitcoin ETFs has turned into a net outflow, reaching a record scale of $8 billion, indicating that institutional investors are actively reducing risk exposure before the summer.Unlike the stagnation of capital inflow in the fourth quarter of 2025, this capital movement has clearly turned negative. Analysts believe that without significant positive catalysts such as a dovish shift from the Federal Reserve, buying pressure is unlikely to recover. The decline of BTC from $82,000 to $62,000 may have a greater impact than the previous drop from $102,000 to $82,000. Currently, the upside potential is limited, and there may still be trading opportunities in shorting volatility.

According to monitoring data from Arkham, Morgan Stanley has recently "bought the dip" in the past week, increasing its total holdings by 266.56 BTC through its spot Bitcoin exchange-traded fund MSBT, worth 17.26 million USD. As of now, its total Bitcoin holdings have reached 4,348 BTC, valued at approximately 273.8 million USD.

According to on-chain analyst Yu Jin's monitoring, in the past 3 hours, a certain whale used 16.555 million USDC to buy 234,900 SOL, with an average purchase price of 70.5 dollars. This boosted SOL's price by 2% in the past 3 hours.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket market. A large whale invested $67,200 in the option "No" regarding the event "Iran Stops Uranium Enrichment Agreement." Based on the current transaction price, the latest corresponding win rate for this option is 96%.

According to Onchain Lens monitoring, a certain whale spent $11,816,003 to buy 7,000 ETH. In the past 10 days, this whale has spent a total of $29,760,000 to buy 17,800 ETH, with an average price of $1,672.

CryptoQuant analyst Crazzyblockk stated that the data shows that Binance's Bitcoin perpetual contract funding rate is about 370 basis points lower than the median of three exchanges, sitting at approximately 2.8%, which is a low range since 2021, indicating that the bearish pricing in the Binance market is significantly strong.

According to sources, Meta Platforms' previous acquisition of the AI company Manus for about $2 billion may be reversed due to a request from relevant regulatory authorities in China to withdraw the decision on the transaction. Early investors in Manus are currently planning to repurchase company equity at the approximately $2 billion price originally paid by Meta. This development could allow some original investors to regain control of the company and potential valuation reassessment opportunities.

According to CryptoQuant analyst Crazzyblockk, the funding rate on Binance is currently 370 bps lower than the median of the three exchanges, sitting at a low level of 2.8%, the lowest reading since 2021. As the dominant trading venue for BTC perpetual contracts, Binance's structured short positions are significantly higher than the combined total of OKX and Bybit, a situation that is uncommon, indicating a distinctly bearish pricing, with structured shorts far exceeding other CEXs.Additionally, Crazzyblockk observed that the recent retail buying aggression (TBSAI) has rapidly reversed, soaring from -1.85σ to +0.81σ, a significant increase of 2.66σ within 30 days, indicating that this group is aggressively bottom-fishing, while the selling pressure mainly comes from whales (IWCR shows that large holders are continuously net distributing), creating a typical divergence between retail buying and whale distribution. Currently, leverage levels are neutral (LIR -0.4σ), with no crowding risk. This is a phase of "distribution to the strong": either the shorts are squeezed up, or the whales are correct, and the market retraces. The key observation signal is a breakout of LIR above +1σ (new leverage entering).

According to CoinDesk, Kraken's Chief Economist Thomas Perfumo pointed out that historically, Bitcoin has often provided significant long-term buying opportunities when it falls below its 200-week simple moving average (200-week SMA), with past data showing that the median return during this period exceeds 100%. Bitcoin recently briefly fell below the 200-week average twice in the past two weeks, but subsequently rebounded quickly and regained that level.

According to CoinDesk, Kraken's Chief Economist Thomas Perfumo stated that Bitcoin has recently been fluctuating near the 200-week simple moving average, a level that has historically been an almost perfect entry point for bulls. Over the past two weeks, Bitcoin briefly fell below this average twice but rebounded before the weekly close each time. Perfumo pointed out that since mid-2017, closing below this level has occurred on only about 10% of trading days, which is extremely rare.Historical data shows that investors who bought at this level had a median return of over 113% in the following year, a median return of 313% in two years, and a median time to breakeven of just two days, with a median maximum drawdown of only 9% in the following year. He emphasized that past performance does not guarantee future results, but historical records indicate that this level often provides significant value for Bitcoin. As of the time of writing, Bitcoin is priced at $63,900, slightly above the 200-week average of $62,358.

According to Onchain Lens monitoring, the "1011 Insider Whale" agent Garret Jin has started buying HYPE again, having purchased 71,092 HYPE (5.06 million USD) so far, and still has TWAP orders continuing to buy. His current perpetual positions are: 1,268.33 BTC (81.7 million USD), 50,013 ZEC (2.387 million USD), and 581,241 UNI (1.88 million USD).

Digital asset infrastructure provider BitGo (BTGO) announced a $50 million stock buyback plan on Wednesday, causing its stock price to rise by as much as 20%. The plan allows BitGo to repurchase up to $50 million of its common stock through open market purchases, privately negotiated transactions, and block trades, accounting for approximately 8% of its outstanding shares. The company stated that the plan is effective immediately and has no fixed expiration date.Despite the stock price increase on Wednesday, BitGo's stock is still down about 65% from its listing on the New York Stock Exchange in January of this year. The IPO issue price was $18, and the recent trading price is around $6.07. The decline in BitGo's stock price reflects a general weakening of investor sentiment towards digital asset-related stocks. Following last year's IPO boom for crypto companies, the prices of Bitcoin and cryptocurrencies have fallen, and market attention has gradually shifted towards AI companies and the anticipated IPO pipeline of tech companies like SpaceX (SPCX). Several crypto companies, including Kraken and Consensys, have paused their IPO efforts amid the volatility in the crypto market.

According to The Block, Benchmark Equity Research maintains a buy rating on Coinbase, with a target price of $270, representing an upside of approximately 59.5% from the current stock price. Analyst Mark Palmer stated that Coinbase's recent system updates clearly demonstrate its rapid transformation from a cyclical crypto broker to an infrastructure platform connecting the on-chain economy with traditional finance.The report highlights Coinbase's product advancements in tokenized U.S. stocks, stock and crypto options, prediction markets, AI investment tools, and agentic payment infrastructure, as well as its prior approval from the CFTC to operate as a Futures Commission Merchant (FCM), allowing it to offer global crypto perpetual contracts and options trading to U.S. clients through Deribit. Benchmark believes these initiatives further confirm that Coinbase is continuously expanding its business boundaries beyond spot crypto trading.

According to monitoring by Lookonchain, the UXLINK attacker is buying ETH and laundering funds through TornadoCash. In the past 30 minutes, the UXLINK attacker spent 6.5 million DAI to purchase 3,686 ETH at an average price of $1,764.

Aster announced an update to the ASTER token economic model, increasing the buyback and burn ratio to 198%. Starting from today at 20:00 (UTC+8), 99% of Aster's daily platform fees will be used to buy back $ASTER. At the same time, an equivalent amount of $ASTER will be burned from the reserves, with the buyback and burn ratio being 1:1.The repurchased $ASTER will be allocated to stakers. Each epoch, these $ASTER will be added to the loyalty rewards (300,000 $ASTER base reward plus the buyback amount) and distributed to veASTER based on locking weight. The burn will be prioritized for the team. The initial supply of $ASTER is 8 billion tokens. The burn will continue until the total supply is reduced to 3 billion tokens. The buyback will automatically run daily through TWAP and settle on-chain, with both buyback and burn being publicly verifiable. In addition, each permissionless listing project on Aster Spot must pay a fee of 50,000 USDT, which will be used for additional buybacks of ASTER and distributed as extra staking rewards.

Glassnode published an analysis on platform X indicating that its cumulative trend score metric shows that after Bitcoin's price dipped to the $60,000 range in early June, the overall behavior of on-chain addresses has clearly shifted towards accumulation.This metric measures the intensity of accumulation behavior on-chain by combining holding size and recent balance changes, with a value close to 1 representing widespread accumulation and a value close to 0 indicating ongoing distribution.

According to on-chain analyst Ai Yi's monitoring, a certain whale has increased its position again after half a month. Three hours ago, it spent 10 million USDe to buy 5,817.33 ETH at an average price of $1,718.88; since May 18, it has cumulatively invested $30.6 million to build its ETH position, far exceeding the previous wave amount.

According to Yu Jin monitoring, a still-active Ethereum 1CO whale borrowed 10 million USDe from Aave 2 hours ago and purchased 5,817 ETH at an average buying price of about $1,719. Currently, this whale has collateralized approximately 147,000 ETH on Aave and Spark, worth about $253 million, and has borrowed about $276 million in stablecoins. Its current liquidation price is approximately $1,432.