CRYPTO REPORT - June 19 ETF and Miner Pressure Continues on Bitcoin • Spot $BTC and $ETH ETFs wrapped up the last trading day on a negative note. • US markets are closed today for Juneteenth; no new ETF inflows will materialize. • Bitcoin has been trading below its estimated mining cost for about five months. • Low profitability might push inefficient miners to shut down their rigs or sell off BTC reserves. • The Pentagon has requested an additional $80 billion for the Iran conflict and other expenses. • The impact of this extra spending on the budget deficit, bond yields, and inflation expectations will be monitored. • The reduced liquidity due to the holiday could amplify short-term movements in the crypto market. The direction of institutional demand on Monday, when ETFs reopen, will be one of the key indicators for Bitcoin this week.