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Bitcoin Steadies Near $62,500 as Strategy Buys 1,550 BTC, Circle Launches cirBTC, and ETFs Post $5B Outflow

6/11/2026

$BTC clawed back toward $62,500 after breaching the $60,000 level, yet the Fear & Greed Index remained pinned in extreme-fear territory — a split between price action and mood that crypto veterans will recognize from prior cycles.

Three separate supply-side and demand-side developments framed the bounce: a fresh corporate accumulation, a new wrapped-token product from a stablecoin heavyweight, and a sizable bleed from spot ETF vehicles.

Strategy Adds to Its Stack Strategy disclosed it added 1,550 BTC to its holdings, continuing the playbook the firm has run for several years of converting corporate treasury into bitcoin.

The purchase is notable not for its size relative to daily exchange volume, but for its timing: a buy made while sentiment gauges sit at their most fearful readings signals the firm is willing to absorb paper losses on any near-term dip.

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