Around the Block | 21
Macro price action, on-chain data, and market structure. No noise.
Around the Block | June 11, 2026 | By William Sanchez Jr., Founder of A.W. Block
The base broke. The weekly closed at $63,334 on a -13.96% long-black candle that took out the $73,000 monthly polarity, the February 2026 cycle low at $65,692, and the upper boundary of the 2024 consolidation base. Volume printed 189K, nearly triple the prior week. I am calling the corrective-low thesis from ATB 17 invalidated. The structural read I am operating from this week is confirmed weekly markdown continuation with the cycle base floor at $58,000 as the active downside reference.
None of this is financial advice.
Don't trust, verify.
Let's dive in.
TL;DR — Key Takeaways
Weekly structure: I read this as confirmed weekly markdown continuation. The -13.96% long-black close at $63,334 broke the $73K monthly polarity, the $65,692 February cycle low, and the upper boundary of the $58K to $73K 2024 base on 189K volume. The capitulation print I have been waiting for is confirmed.
