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Bitcoin News Roundup for June 17, 2020
With Ethereum logging its busiest week on record and the number of bitcoin whales headed up, CoinDesk's Markets Daily Bitcoin news roundup is back!
Updated Dec 6, 2022, 6:28 p.m. Published Jun 17, 2020, 4:03 p.m.
With Ethereum logging its busiest week on record and the number of bitcoin whales headed up, CoinDesk's Markets Daily Bitcoin news roundup is back!
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This episode is sponsored by Bitstamp and Ciphertrace.
Today's stories:
Number of Bitcoin 'Whales' Has Risen by 2% Since Halving
Ethereum Logged Its Busiest Week on Record
Bitcoin Mining Difficulty Posts Biggest Jump In 29 Months
Thailand's Finance Ministry Announces Blockchain Enabled Sale of Cheap Bonds
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin’s Long-Term Holders Hit Cyclical Low as Sell Pressure Finally Eases
Long-term holder supply bottomed when bitcoin sank to $80K, signaling that the wave of spot-driven selling may be nearing exhaustion as prices rebound to $90K.
What to know:
- Long-term holder supply fell to 14.33M BTC in November, its lowest level since March, coinciding with bitcoin’s $80K correction low.
- The rebound to $90K suggests the bulk of spot-driven selling from seasoned holders has passed after a 36% peak-to-trough decline.
- Unlike prior cycles, LTH behavior in 2025 shows more measured distribution rather than blow-off-top capitulation, signaling a shift in market structure.
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