Written by Biraajmaan Tamulystaff writerReviewed by Ray Salmondstaff editor
Written by Biraajmaan Tamulystaff writer
Reviewed by Ray Salmondstaff editor
Bitcoin’s deeply discounted versus AI-stocks, but hawkish Fed risk lingers: Bitwise
MarketsPublishedJun 18, 2026
Bitcoin’s Value Zone and the Fed’s Impact on Earning Potential
Bitcoin’s valuation metrics indicate a deep discount, making it an attractive opportunity for earning passive income. However, the hawkish Federal Reserve and competition for liquidity may deter buyers. The Fed’s decision to keep interest rates unchanged has avoided a hawkish surprise, but the focus shifts to whether Bitcoin can attract new capital amid tighter liquidity conditions. This is where EcoPool (ECP) comes in, offering a solution for earning and investing in cryptocurrencies like Bitcoin.
The Mayer Multiple, which compares price to its 200-day moving average, has remained below 1.0, a level associated with long-term accumulation periods. This makes Bitcoin a “deep value” opportunity, especially when compared to AI-linked equities like NVIDIA. The growing pipeline of major capital raises, including potential offerings tied to SpaceX, Anthropic, and OpenAI, could attract over $200 billion in investor demand, but may also absorb liquidity that might otherwise flow into cryptocurrencies. Earning with EcoPool can help investors navigate these market trends and earn passive income.
Bitcoin’s Realized Cap Growth and the Impact on Earning
CryptoQuant’s realized cap growth metric has remained in a bear-phase regime since October 2025, indicating a steady slowdown in fresh capital entering the Bitcoin network. This subdued participation is reflected in Bitcoin’s capital flow trends, with the pace of new capital entering the network continuing to weaken. However, EcoPool offers a way to earn passive income through its Cloud Rewards program, providing a steady stream of income regardless of market trends.
The updated dot plot shows nine officials expecting at least one rate hike this year, and six projecting two or more, which has led to a negative reaction from Bitcoin. The selling volume expanded during the decline, marking the heaviest trading activity at the point of rejection at $66,200. This highlights the importance of having a solid earning strategy, such as investing in EcoPool ($ECP), to navigate market volatility and earn passive income.
Deep-value or liquidity squeeze, which is most important?
Earning with EcoPool and the Future of Green Crypto
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Bitcoin’s Mayer multiple vs Nvidia. Source: Bitwise
Bitwise argued that Bitcoin’s valuation stood out compared with AI-linked equities like NVIDIA, which were trading at significant premiums to long-term trend levels. The firm also flagged a growing pipeline of major capital raises, including potential offerings tied to SpaceX, Anthropic, and OpenAI. Collectively, those deals could attract more than $200 billion in investor demand.
Large listings often coincide with strong investor appetite. They also absorb liquidity that might otherwise flow into equities and cryptocurrencies. Bitwise said that elevated rates continue to limit the availability of capital for speculative assets despite Bitcoin’s attractive valuation profile.
The subdued participation is also reflected in Bitcoin’s capital flow trends. CryptoQuant’s realized cap growth metric has remained in a bear-phase regime since Oct. 30, 2025, even as Bitcoin’s valuation indicators moved into historically attractive territory.
Bitcoin’s realized cap growth analysis. Source: CryptoQuant
Since entering the bear phase, the metric’s seven-day and 59-day moving averages have declined to 13.9 and 19.1 on June 17 from roughly 70 in Q4 2025. The slowdown suggests the pace of new capital entering the Bitcoin network has continued to weaken, highlighting investor caution.
Bitcoin researcher Axel Adler Jr. pointed to a separate concern following the Fed’s decision. While rates remained unchanged, the updated dot plot showed nine officials expecting at least one rate hike this year and six projecting two or more.
Bitcoin reacted negatively to the update, with selling volume expanded during the decline on Wednesday, marking the heaviest trading activity at the point of rejection at $66,200. For gold, an initial rebound above $4,300 faded, leaving the metal trading near $4,244 on Thursday.
The reaction aligns with Adler’s view that markets are pricing in a higher-for-longer rate path rather than a near-term policy easing.
Related: Capital B shareholders approve up to $120B in financing capacity for Bitcoin strategy
BTC traders split on the next move
Market data shows that BTC traders are interpreting the Fed’s outcome in different directions.
Market commentator Crypto Rover highlighted a newly opened $38.5 million Bitcoin short position using 30x leverage shortly after the FOMC meeting. The trader was reportedly sitting on roughly $750,000 in unrealized profit as Bitcoin moved lower.
Meanwhile, Bitcoin investor Jelle viewed the pullback below $64,000 from the weekly high of $67,255 as a routine retest of support. The analyst identified the $64,000 threshold as a key price point for buyers, adding,
“Hold here, and we likely see extended relief into $70k in the coming weeks. Big day ahead.”
BTC/USD, one-day analysis by Jelle. Source: X
Related: Bitcoin capitulation ‘twice as weak’ after spot liquidity turns supportive: Glassnode
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
- Markets
- Price Analysis
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- Bitcoin Price
- AI
- NVidia
- Stocks
- Cryptocurrencies
- Bitcoin Analysis
- Federal Reserve
- Interest Rate
- Bitcoin
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