In Bitcoin news today, BTC is trading near $63,500, down about 0.6% over the past day, as the market remains locked in a narrow range while investors digest renewed speculation around corporate Bitcoin treasuries. Metaplanet CEO Simon Gerovich has dismissed a rumor that raised concerns among holders, and the details behind his statement provide important context.
The Japanese Bitcoin treasury firm transferred 5,014 BTC, worth approximately $322 million, between its custody wallets over a 24-hour period beginning Wednesday. The large movement quickly fueled speculation that the company could be preparing to sell some of its holdings.
Gerovich directly rejected those claims, saying the transfer was part of a routine custody operation and that Metaplanet had not sold any Bitcoin. He also confirmed that the company continues to hold 43,000 BTC. The transaction reportedly cost only about $8 in network fees, highlighting how large sums of Bitcoin can be moved between wallets at minimal cost without involving exchange markets.
While the clarification removes one source of uncertainty, it does not alter Bitcoin’s broader market structure. Macroeconomic conditions remain a more important driver than the wallet activity of any single corporate holder, while traders will likely continue monitoring whether other public companies face similar scrutiny.
Bitcoin News: Can BTC Reach New Highs This Week?
Bitcoin’s recent move around $63,769, accompanied by a modest 0.27% daily gain, points to consolidation rather than a strong directional trend. Trading volume has yet to deliver the surge typically associated with a major breakout, suggesting investors are waiting for a fresh catalyst before committing to a stronger move.
The $63,373 intraday low represents an important short-term support level. A break below that area could expose Bitcoin to the next demand zone, while a move back above $64,000 accompanied by stronger volume could improve momentum and set the stage for another test of recent highs.
The bullish scenario would see BTC decisively break above $64,000 as rising volume attracts momentum traders and forces short sellers to cover their positions. The more neutral scenario would involve Bitcoin continuing to trade between roughly $63,300 and $64,000 while investors digest corporate treasury developments and await the next major macroeconomic data release.
A bearish move below $63,373, meanwhile, could weaken the current short-term structure and bring previous support levels back into focus. Traders looking for a broader technical outlook may want to assess recent price targets before taking a directional position.
Prediction Markets See Greater Odds of BTC Falling Below $40K Than Reaching $100K
Elsewhere in Bitcoin news, prediction-market traders have sharply reduced their expectations that BTC will reclaim $100,000 during 2026. Kalshi currently puts the probability of Bitcoin reaching $100,000 or higher this year at just 1.6%, a significant decline from the 91% probability recorded in January.
The outlook for a move to $90,000 has also deteriorated considerably, falling from 71% in early May to approximately 2.5%.
At the same time, traders are assigning comparatively higher probabilities to a deeper Bitcoin correction. Current forecasts indicate a 20% chance of BTC falling below $45,000 and a 15% probability of dropping under $40,000.
Bitcoin price predictions have attracted increased activity as the cryptocurrency continues to navigate a prolonged period of weakness. Market analyst Alessio Rastani has forecast that Bitcoin could fall to $20,000 by the end of 2027 before staging a significant recovery.
On the more optimistic side, Bitwise Chief Investment Officer Matt Hougan argued that Bitcoin’s ability to withstand negative developments—including Bitcoin sales by Strategy and delays surrounding the CLARITY Act—could signal that the crypto market’s prolonged downturn is approaching its end.
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