Bitcoin rose to $61,528 after falling below $58,000 earlier in the week. On June 30, about 49,000 BTC were deposited to exchanges, one of the largest daily inflows recorded this year, according to CryptoQuant. The average size of the deposits doubled, indicating activity by larger holders. Increased exchange supply can add pressure on price if demand does not match the added supply. Traders have identified a breakdown of a head‑and‑shoulders pattern on the daily chart, suggesting a bearish bias despite the recent rebound. Net taker volume turned positive after the price dip, while open interest declined, indicating a short squeeze rather than new long exposure. Stablecoin liquidity contracted in the second quarter, reducing dollar‑denominated buying power and making price recoveries more fragile. The market will need sustained buying to hold above $60,000 and avoid further declines.