π’ According to Glassnode, its Altcoin Cycle Signal has moved back into Altcoin Season territory, helped by Bitcoinβs recent pullback and a continued decline in altcoin selling pressure.
π’ According to Galaxy Research, Bitcoin is currently about 49% below its cycle peak, a much milder correction compared to the 70%β90% drawdowns experienced in past market cycles.
π’ Bitcoinβs historical seasonality typically weakens during the summer months, with both average and median returns trending lower through September.
π’ AI demand has pushed Chinaβs semiconductor exports sharply higher, jumping 111% year-on-year to a record $36B in May, the strongest annual growth in 13 years.
π’ U.S. spot Bitcoin ETFs recorded a record $1.79 billion in weekly net outflows, with BlackRockβs IBIT accounting for approximately $1.3 billion of the total.
π’ U.S. spending on data center construction has climbed to $50 billion, now surpassing the combined investment in airports, ports, and mass transit, according to Bloomberg.