Bitcoin’s rebound from the $60,000 area has given bulls something to work with, but Glassnode’s latest market read suggests the recovery still needs stronger confirmation before traders can call it a clean trend reversal.

In its Week 25 Bitcoin Market Pulse, Glassnode described the recent move as a stabilization phase rather than a decisive breakout. The key point is that some of the immediate panic has faded, but the broader market still lacks the kind of capital inflow and trading activity that usually supports a more aggressive upside leg.

TL;DR

• Bitcoin has rebounded from the $60,000 region, easing some downside pressure.
• Glassnode says the move still looks more like base-building than a full trend reversal.
• Trading volume, open interest, and capital inflow signals remain weak.
• Traders are watching whether BTC can defend the recent recovery zone or slip back into consolidation.

Bitcoin Rebound Still Needs Stronger Confirmation

The bounce from $60,000 matters because that area has become a psychological and technical line for the market. A clean loss of that zone would have strengthened the bear case and likely pushed traders to focus on deeper downside liquidity. Instead, Bitcoin managed to stabilize, forcing shorts to reassess and giving spot buyers a reason to step back in.

But Glassnode’s caution is important. A price bounce on its own does not always mean new demand has entered the market. Sometimes it simply means aggressive sellers have paused, leverage has cooled, or options-related fear has unwound.

That distinction matters for traders because the strongest Bitcoin recoveries usually come with broader confirmation. Rising spot volume, stronger capital inflows, improving open interest, and renewed network activity can all suggest that buyers are doing more than defending a level. Without those signals, a market can drift higher for a while and still remain vulnerable.

Weak Capital Flows Keep The Setup Fragile

Glassnode’s report points to a market that is not breaking down, but also not yet showing full strength. Declining trading volumes and softer open interest suggest that some traders remain cautious even after the rebound.

That leaves Bitcoin in a familiar position: the price action has improved, but conviction has not fully returned.

For short-term traders, this creates a more delicate setup. A slow grind higher can continue if sellers stay quiet, but a lack of fresh capital may make the rally easier to fade near resistance. If BTC fails to attract stronger inflows, the market could remain trapped in a broad consolidation rather than launching into a new impulsive move.

The $60,000 area remains the obvious invalidation zone. Holding above it keeps the stabilization thesis alive. Losing it again would likely raise fresh concerns that the recent bounce was only a temporary relief move.

What Traders Are Watching Now

The next phase comes down to confirmation. Bitcoin needs to show that the bounce is attracting new demand rather than simply benefiting from lower sell pressure.

That means traders will be watching spot volume, derivatives positioning, ETF demand, and whether long-term holders continue to show confidence. If those signals improve while price holds higher lows, the market could begin to build a stronger recovery case.

For now, though, Glassnode’s message is measured. Bitcoin has avoided a worse breakdown, but the data does not yet show the kind of broad capital rotation that would make the rebound feel secure.

The setup is better than it was during the selloff. It is just not strong enough yet to remove the risk of a bear trap.

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A Bank of America strategist is sounding the alarm about the stock market, warning that equities are flashing signals that have often foreshadowed a 20% correction.

In an investor note, BofA’s head of US equity and quantitative strategy, Savita Subramanian, urges investors to “take profits,” warning that she’s seeing “too many red flags” in the market, reports Axios.

“Our bear market signposts — the triggers that typically precede an S&P 500 peak — suggest additional caution may be warranted. Today, 70% of our signposts are triggered, in line with the average observed in prior market peaks.”

Subramanian says the signposts are market condition gauges, including the investor assumption that companies will continue to generate profits at a strong pace in the coming years, as well as relaxed credit conditions. She also highlights that she’s seeing very high dispersion in the performance of stocks with high and low price-to-equity ratios, meaning high-valuation stocks are being rewarded, while low-valuation stocks are being left behind.

“Dispersion has been most pronounced within Tech, where the spread between the best/worst-performing quintiles’ median stock is a whopping +120 [percentage points], the highest since Feb. 2000, which reached +130 [percentage points] ahead of the market peak of March 24, 2000.”

Meanwhile, Morgan Stanley CIO Mike Wilson says he doesn’t believe that the stock market will enter bear territory. He says, “In our view, a correction was inevitable and ultimately healthy if this bull market is going to extend into year-end, which remains our baseline.”

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TL;DR

• Coinbase’s Quantum Advisory Council says post-quantum migration planning should begin before quantum attacks become practical.
• The report estimates about 7 million BTC are quantum-vulnerable because public keys are exposed through legacy formats or address reuse.
• About 1.7 million BTC are said to sit in legacy Pay-to-Public-Key addresses, including early mined and potentially abandoned coins.
• The council frames the issue as a long-term governance challenge, not an immediate emergency.

Coinbase’s Quantum Advisory Council has warned that Bitcoin and other crypto networks need to begin planning for post-quantum migration well before quantum computers can realistically break today’s public-key cryptography.

In a June 11 report titled “Post-Quantum Migration and Abandoned Coins,” the council framed the issue as both a technical migration problem and a governance dilemma. The core question is not only how to move users to quantum-safe addresses, but what the network should do about coins that are never migrated.

The report says no current quantum computer can break the cryptography securing crypto assets today. However, it argues that the risk is strategically important because decentralized ecosystems can take years to coordinate major upgrades, especially when user funds, abandoned wallets, and property rights are involved.

Why Some Bitcoin Is More Exposed

The Coinbase report estimates that roughly 7 million BTC are currently quantum-vulnerable. That figure includes coins in address types where public keys are already visible, as well as coins tied to address reuse, where a public key becomes exposed after a transaction is broadcast.

One especially sensitive category is legacy Pay-to-Public-Key addresses. The report says about 1.7 million BTC are held in these P2PK addresses, where public keys are directly visible. That bucket includes early mined coins, including coins associated with Bitcoin’s earliest history, as well as funds that may be lost or abandoned.

The issue is different from an ordinary software upgrade. Active users can be told to move funds to quantum-safe addresses once suitable signature schemes are ready. Abandoned coins, lost wallets, and dormant early addresses are harder because nobody may be available to move them.

The Governance Dilemma

The council outlined several broad paths. One option is a hard migration deadline, after which non-migrated vulnerable funds could be frozen or burned to prevent future quantum theft. That approach prioritizes network safety but raises serious property-rights questions.

A second option is to preserve rights and do nothing, leaving vulnerable coins untouched. That avoids forced intervention but could allow future attackers to steal exposed funds if quantum capabilities eventually become strong enough.

The report also discusses middle-ground ideas. These include rate-limiting how much can be moved from older addresses in any one block-like time interval, sometimes described as an hourglass mechanism, and using zero-knowledge proofs such as BIP-361 to let users prove ownership of old keys without exposing sensitive information.

Planning Before The Crisis

The council’s practical recommendation is to separate engineering work from the governance fight. In other words, the industry can start building and testing quantum-safe signatures now while still debating how abandoned or vulnerable coins should be handled later.

That distinction matters. Waiting until quantum attacks are imminent would leave networks trying to coordinate technical upgrades, wallet migrations, exchange support, and community governance under pressure. Starting early gives developers and users more room to test systems and avoid rushed decisions.

For Bitcoin holders, the takeaway is not that coins are suddenly unsafe today. It is that long-lived digital assets need long-lived security planning. The more value sits in crypto networks over decades, the more important it becomes to plan for cryptographic transitions before they become emergencies.

Coinbase’s report adds another major voice to that conversation. The debate over abandoned coins will not be easy, but the council’s message is clear: the post-quantum migration question is no longer theoretical enough to ignore.

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The chief investment strategist at Charles Schwab is warning that oil prices could suddenly soar and send stocks lower.

In a new interview on Bloomberg Television, Liz Ann Sonders says that if the US-Iran conflict keeps the Strait of Hormuz closed for much longer oil prices may quickly reach $150 per barrel.

“I think it was last week that leaders within both Chevron and Exxon came out and said that given how low stockpiles are that without a relatively imminent opening of the Strait of Hormuz and getting that oil flowing again they cited numbers as much as $150 in a matter of a few weeks. We are on the brink of what potentially could be a more significant spike.

We’re still in an inverse correlation territory between oil prices and the stock market… but there has been so many fits and starts in the announcements of an imminent deal, and then we don’t get one… so time is not on the side of the of the economic bulls as it relates to the oil price channel.”

Sonders also warns that stocks may undergo deep corrections as investors rotate funds in reaction to market conditions similar to what occurred in the first quarter of the year.

“The S&P at the index level didn’t have a correction level maximum drawdown this year. Its weakness in February and March hit 9%… But if you go member by member in the S&P 500 and look at their individual maximum drawdowns and then take an average of that, it’s negative 22%. In the case of the Nasdaq, the average member maximum drawdown is negative 38%. You could continue to have whether it’s a correction of valuation excess or a correction of sentiment excess occur via a process of rotation as opposed to a correction happening all at once at the index level.”

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