Santiment said in a post on X that centralized-exchange trading volume across major crypto assets has slid to its lowest level since mid-2024, after peaking around mid-2025. The firm attributed the pullback to trader caution amid macro uncertainty, geopolitical tensions, and recent liquidations, while noting that past market rebounds have sometimes started when participation was weakest. Separately, Santiment highlighted continued network adoption, including Ethereum's Total Amount of Holders at 195 million, as Bitcoin traded near $62,700, up 1.8% over the last 24 hours.

Cardano has recently recorded a rise in transactions involving long-dormant coins, suggesting some long-term holders are becoming active again. Santiment highlighted spikes in the "Age Consumed" metric during June after a price plunge, alongside a slowdown in Mean Dollar Invested Age. At the time of writing, ADA trades around $0.16, down more than 26% over the past week.

Capriole Investments founder Charles Edwards says Bitcoin has moved back to its "Production Cost" level, a mining-based metric he cites as a key long-term valuation area. The indicator is currently around $62,650, close to BTC's spot price near $62,400, while network hashrate has recently slipped to about 837 EH/s after frequently touching 1,000 EH/s in May.

On-chain metrics show the RSI for Bitcoin’s Stablecoin Supply Ratio (SSR) has fallen to 13, indicating stablecoin supply is large relative to BTC’s market cap. The drop comes as Bitcoin trades near $62,700, down nearly 10% over the last seven days. Analysts say it remains unclear whether sidelined stablecoin capital will rotate into BTC at these lower prices.

Glassnode lead research analyst CryptoVizArt said in a post on X that Bitcoin may struggle to sustain a recovery unless supply concentrated near prior highs moves to lower cost bases. The analyst pointed to Cost Basis Distribution data showing heavy supply between $80k and $126k, with an area approaching 495,000 BTC sitting above $80,000. Bitcoin fell to $59,000 last week and later traded around $63,200 on Monday.

Bitcoin has returned to the $63,000 area after falling from above $81,000 since mid-May and briefly dipping below $62,000 in June. Over the same window since BTC last traded at $63,000 in March 2024, spot ETFs absorbed 509,102 BTC and Strategy added 650,706 BTC. BTC was around $63,200 at the time of writing, down more than 13% over the past seven days.

Bitcoin slipped under $70,000 for the first time since April 7, extending weakness into early June and falling nearly 5% over the last 24 hours to around $69,400. The move triggered heavy derivatives shakeouts, with BTC contracts seeing $445 million in liquidations during the same 24-hour window and long positions making up more than 95% of the total.

XRP on-chain metrics showed the biggest single-day net exchange inflow of 2026, followed shortly by an even larger swing to net outflows. The inflow totaled 22.80 million XRP as price dipped to about $1.27, while a later reversal pulled 25.24 million XRP off exchanges. After rebounding above $1.36, XRP later retraced to around $1.30.

Large Ethereum wallets continued accumulating even as ETH weakened, pushing mega-whale holdings to a multi-week high. Investors holding at least 100,000 ETH now control 17.41 million tokens, equal to 22.03% of supply. ETH is also back below $2,000 after dropping more than 6% over the past week.