RARE BITS

LIVE Thursday June 12th


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  • Bitcoin drops after failing to break $110K — even amid strong macro signals.

  • Ethereum pulls back alongside the rest of the market, retaining upward momentum.

  • DOGE, SUI, ADA, LINK, TRX, and AVAX all see selling pressure after strong rallies.

  • Crypto’s total market cap drops by tens of billions — reflecting nervousness and a classic “sell the news” scenario.

  • Trump sticks to his pro-Bitcoin, pro-mining platform as 2024 race heats up.

  • ETH futures’ open interest reaches a multi-month high — fueling liquidation worries.

  • Some tokens (JUP, FET, SEI) drop much sharper — while a few outperform.

  • Macro signals remain constructive (strong employment, growing industry investment), but sellers are currently in control.

  • Analysts view weakness as a healthy correction after a strong rally — a shake-up before the next leg up.

  • The mood is nervous — is this a temporary shake-up or something more sinister?

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RARE BITSBy beatbroker