In crypto news today (June 12), Bitcoin is consolidating between $62,200 and $63,200, up just +0.5% overnight. This move in BTC has traders hoping that a strong support level is forming at $62,000 and could help Bitcoin hold above $60,000. Liquidations have slowed considerably, with just $270M over the past day, down from over $450M yesterday and nearly $2Bn last week.

Of the other major caps, SOL and XRP have shown strength overnight, up +2.2% and +1.9%, respectively. Trading volume continues to cool, at $79Bn over the past 24 hours, down from $81Bn today, indicating declining trader participation.

With BTC consolidating, Bitcoin ETF flows have seemingly slowed, dropping from $213M in outflows on June 10 to just $22M exiting the products…