Pressing the Green Zone — BTC Tests $64K Under the Anchored VWAP
Hackers Daily — Edition 70 — Monday 22 June 2026
Good morning Hackers. Edition 70. Monday.
## TLDR Summary
Bitcoin is pressing into the green zone around $64,000 with the descending anchored VWAP sitting right on top as near-term resistance, holding higher lows above the $63,000 POC. This is the reaction that decides it: reclaim the VWAP and we open the path back toward the $67,000 supply zone, reject here and we print a lower high and rotate back to the POC, with the $60–61K order block the deeper magnet below. Fear and Greed has ticked down to 20 — deeper fear even as price holds firm, which tells you sentiment still hasn’t caught up with the tape. Under the hood it’s mixed: ETFs just posted a record $6.4B 30-day outflow and the Coinbase premium has been negative a record 44 days, but whale wallets sit at their highest since March, Japan’s warming to crypto, and the US–Iran summit ended “positive” — though a renewed Hormuz threat keeps the macro tape twitchy. Same plan as ever: hold higher lows and the bull case lives, trade the reaction at the level, keep size sensible into thin weekend volume.
Your morning BTC chart and outlook.
🟢 BULLISH
BTC is pressing into the green marked zone around 64,000 and needs to reclaim it to keep the bullish structure intact. Price is sitting right beneath the descending anchored VWAP, which is acting as near-term resistance — a clean break and hold above it would open the path back toward the 67,000 supply zone. As long as we hold above the POC at 63,000 and continue printing higher lows, the bullish case remains valid. The focus now is whether buyers can absorb that overhead VWAP and turn the green zone into support. If we do reject down then we will have make a lower high and the bull case will be on hold.
🟡 NEUTRAL
The boxes define the key zones, and price is currently caught between the 63,000 POC below and the green zone overhead. Before calling anything neutral, we need to see how this reaction at the anchored VWAP resolves. If we get rejected here but hold the POC, we’re range-bound between roughly 63,000 and 64,000 — building a bias hour by hour rather than committing either way. A failure to break the VWAP, paired with the oscillator rolling over from the top, would keep us in this chop until one side gives way. More zoomed out we can also be range bound neutrally between the OB below and the OB above.
🔴 BEARISH
We’ve pushed up into resistance slightly stronger than expected, but rejection from the anchored VWAP here leaves room to revisit the 63,000 POC — which would still be constructive rather than outright bearish. The bearish case only really activates if we lose that POC and start trading back toward the 60,000–61,000 green zone below, where the larger liquidity sits. If that happens, we play it level by level and reassess our next move from there. Its worth noting we can still tap the OB below and remain bullish as long as we react hard to the upside.
📋 SUMMARY
BTC is testing the green zone around 64,000 with the descending anchored VWAP capping price overhead. We’re holding higher lows for now, but the reaction at the VWAP is the tell — reclaim it and we target 67,000, reject and we likely rotate back to the 63,000 POC, with the $60–61K order block the deeper magnet below where the larger liquidity sits. Weekend volume is still light, so keep eyes on how this resolves before reading too much into the move. Trade the reaction at the level, not the prediction, and we’ll plan it together in Discord, legends.
WE ALSO NOW HAVE A FULL BTC REPORT AVAILABLE IN HACKERS FOR THE DAY — WHAT MAY HAPPEN LATER / KEY INSIGHTS — COME AND JOIN AND FIND MY CHANNEL SECTION — CHAOSS
🔭 DOES THE GREEN BOX FLIP TO SUPPORT, OR REJECT BACK TO THE POC?
Price pressed into the green zone with fear ticking down to 20 is the cleanest fork on the board, so it’s worth being straight about both sides:
🔹 The constructive bits. We’ve got a higher low holding above the $63K POC, momentum leaning up into the bounce, and whales doing the opposite of the panic — wallets holding 1,000+ BTC are at their highest since March, Glassnode’s seller-exhaustion signal is elevated, and Japan’s corporate pension and Osaka adoption headlines add a slow structural bid. Fear lagging a firm price is usually how bottoms start to form.
🔹 The reasons to stay patient. It’s still light weekend volume, so moves can deceive. The leg looks more like short covering than fresh conviction — open interest dipped while price rose and liquidations cooled 51%. ETFs just posted a record $6.4B 30-day outflow, the Coinbase premium has been negative a record 44 straight days flagging weak US demand, and the macro tape (sticky inflation, a hawkish Warsh Fed, the on-again Hormuz risk) hasn’t handed us a clean catalyst.
The patient play: let the green box show its hand at the VWAP. Absorb and push for $67K, or reject and rotate back to the $63K POC — and a clean reaction off the $60–61K order block below is where I start outlining our next long. Trade the reaction, not the rumour.
📰 TODAY’S KEY STORIES
🟡 BTC Presses the $64K Green Zone Beneath the Anchored VWAP
Bitcoin is changing hands around $63,900, pressing the green marked zone at $64,000 with the descending anchored VWAP capping it as near-term resistance, while holding higher lows above the $63,000 POC. It’s the reaction at that VWAP that decides it: break and hold opens the path to the $67,000 supply zone, a rejection prints a lower high and rotates us back to the POC. Weekend volume is light — watch and react.
🔵 Bitcoin ETFs Post a Record $6.4B 30-Day Outflow
US spot Bitcoin ETFs have logged their largest 30-day net outflow since launching in 2024 — about $6.35B per Galaxy Research, the worst across all 582 rolling windows on record and a near-mirror of the +$6.35B inflows at the 2024 peak. Last week alone added ~$227M of redemptions, a sixth straight week of outflows. The marginal institutional bid is thin, and the read only flips when those flows turn green and stay there.
🔴 Coinbase Premium Negative a Record 44 Days as US Demand Stays Weak
The Coinbase Premium Index — the price gap between Coinbase and Binance — has sat negative for 44 consecutive days, its longest streak on record. BTC is trading cheaper in the US than offshore, a classic tell of soft institutional demand and capital leaving the US tape. Retail on Binance is holding the bid up; the read flips constructive only when that premium climbs back above zero and holds.
🟢 Whale Wallets Hit Highest Since March as Big Holders Keep Stacking
Wallets holding 1,000+ BTC now control roughly 7.17 million coins — the highest since 14 March — as large holders add into the fear. Glassnode’s seller-exhaustion signal is elevated and exchange balances keep drifting lower. Deep-fear readings are exactly where patient capital tends to accumulate, quietly absorbing supply while leverage and ETFs capitulate.
🟡 Strategy’s STRC Slips to ~$87 as Saylor’s Funding Model Draws Scrutiny
STRC — the perpetual preferred stock Strategy uses to help fund its Bitcoin buys — has drifted from its $100 par toward roughly $87, putting a fresh spotlight on the leverage behind the largest corporate stack (846,000+ BTC). It hasn’t stopped the buying — Strategy still added 1,587 BTC at $63K last week — but it’s a reminder the treasury bid leans on financing the market is now pricing more carefully.
🟢 US–Iran Summit Ends “Positive” — Hormuz Reopening on the Table, but a Renewed Threat Clouds It
The Lake Lucerne summit in Switzerland closed in a “positive and constructive” tone, with a roadmap toward a final deal in 60 days, sanctions relief and a lifting of the Strait of Hormuz blockade — briefly pushing BTC back over $64K. The catch: a renewed order to re-close Hormuz revives the very risk the deal was meant to settle, keeping the macro tape twitchy.
🟢 Japan Backs Crypto — Pension Fund and Corporates Warm to Digital Assets
A nationwide Japanese corporate pension fund is set to invest in crypto from the next fiscal year, with around 1% of managed assets earmarked, while Osaka adds a crypto ATM and Tokyo pushes for clearer rules to support innovation. A quiet but real adoption signal cutting against this week’s outflow story — the kind of structural demand that compounds.
🔴 Ethereum’s Biggest Sandwich Bot Drained of $7.5M in Ironic Exploit
Blockaid says an attacker tricked the infamous jaredfromsubway.eth MEV bot into approving fake trading routes, then used those approvals to drain $7.5M in WETH, USDC and USDT — a rare case of the predator becoming the prey. A reminder that approval hygiene matters even for the sharpest on-chain operators.
🔴 Taiko Bridge Exploit Drains Over $1M from the ERC20 Vault
Security firm Blockaid flagged a vulnerability in Taiko’s cross-chain bridge that attackers used to drain more than $1M from its ERC20 Vault — the second on-chain exploit making headlines this weekend. Bridge risk keeps proving the weakest link in DeFi; size sensibly and check what you’re approving before chasing cross-chain yield.
🟠 Mining Difficulty Set to Drop ~20% as Miner Capitulation Deepens
Difficulty has slid roughly 20% from its all-time high — the steepest retreat from a record since the 2021 China ban — with the next adjustment due around 27 June. With ~20% of rigs now unprofitable and public miners having sold 32,000+ BTC in Q1 to cover costs, weaker hashprice is forcing older machines offline. It’s the network’s natural way of resetting after a hard leg lower.
🔵 ETH Holds $1.7K With Eyes on a Reclaim as Underperformance Persists
Ether is changing hands near $1,740 after a modest bounce, still lagging Bitcoin, with analysts warning of another selling wave unless it reclaims and holds higher — the longer-term $4.6K path stays on the table only if it does. Tom Lee’s BitMine leaned into the weakness with a ~$213M ETH buy. For now supply is the problem and ETH is taking its cue from a heavy BTC tape.
🔴 XRP Slips 3% After Losing $1.15 Support as the Breakout Fades
Heavy selling pushed XRP back below the $1.15 support zone, down about 3% and reinforcing a downtrend that has repeatedly stalled rallies near $1.25. It’s the cleaner laggard of the majors right now — until it reclaims that level, the path of least resistance stays lower while Bitcoin decides the broader tape.
🟣 SOL Holds Relative Strength Near $73 as the Rotation Lingers
Solana remains one of the few majors with real relative strength, holding near $73 with steady ETF inflows and DeFi activity underpinning the bid even as BTC and ETH funds bleed. Outperformance while Bitcoin chops is constructive — the kind of leadership worth filing away for when broad sentiment finally turns.
📊 FEAR & GREED READ — Chaoss
Fear and Greed has ticked down to 20 — deeper into the fear zone — even as BTC holds the low $64Ks and presses the green box from below. That gap between price and sentiment is usually a constructive sign: the tape is firmer than the mood. The setup is clean. We’re pressing the $64K green zone with the descending anchored VWAP capping it, holding higher lows above the $63K POC. It’s the reaction at that VWAP that decides it — reclaim it and we target $67K; reject and we print a lower high and rotate back to the POC, with the $60–61K order block the deeper magnet below. Under the hood it stays mixed: whales sit at their highest since March and Japan is warming to crypto, but ETFs just bled a record $6.4B over 30 days, the Coinbase premium has been negative a record 44 days, and the macro tape — sticky inflation, a hawkish Warsh Fed, the on-again Hormuz risk — hasn’t handed us a clean catalyst. So it’s a watch-and-react day: let the level show its hand, keep size sensible into thin weekend volume, and if we get the reaction I want we’ll plan the long together in Discord.
Stay safe out there. See you tomorrow. — Chaoss & the ChartHackers team
Not Financial Advice — Come and join us at https://charthackers.com