Brew, 23 Jun 2026.
Top signal today: Sovereign Bitcoin adoption (76/100, tailwind).
BTC $63,314
- Sovereign reserves76/100tailwind
6 states hold ~630,006 BTC as reserves; 2 more have announced or proposed legislation. Sovereign demand is structural and policy-led, so it tends to precede flows.
- Corporate treasuries55/100neutral
175 public companies hold ~1,279,674 BTC (top: Strategy, 847,363 BTC). Corporate treasury accumulation is structural institutional demand; the trend strengthens as history accrues.
- Hiring velocity50/100neutral
Tracked Bitcoin/crypto-infra firms have 343 open roles, +0 vs 30 days ago (+0.0%). Teams staff up before they ship and grow; rising hiring may be an early demand tell (predictive value not yet backtested).
- Network hashrate17/100headwind
Network hashrate is ~968.8 EH/s, -13.0% over 30 days. Rising hashrate reflects growing miner commitment and network security; sustained trends can precede price (not yet backtested).