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Bitcoin faces ETF outflows but Binance's Zhao predicts $1M price in a decade.

Market News
01 Jul 2026
Crypto news
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Neutral
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Bitcoin experienced $222.64 million in outflows from U.S. spot ETFs, led by BlackRock's IBIT, reflecting short-term selling pressure. Despite this, Binance founder Changpeng Zhao remains bullish, forecasting Bitcoin could reach $1 million within the next decade due to low global ownership under 1%, leaving room for significant future demand. Bitcoin currently trades below key resistance levels around $60,000, with technical indicators showing potential for recovery if institutional demand returns. Zhao emphasizes that long-term price growth depends on increasing adoption rather than short-term market moves.

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Applied Digital delivers second AI data center building on time, boosting Polaris Forge 1 capacity to 175 MW.

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Fermi drops lawsuit over 70% supermajority bylaw amid governance dispute, continuing shareholder challenge.

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