Bitcoin [$BTC] fell by another 3.9% in the last 24 hours, extending its price plunge to a local low of $61.4K. Strategy announced a 32 $BTC sale, the first since 2022. Heavy spot ETF outflows helped drive the price even lower. As expected, this caused a lot of capitulation, especially from short-term holders who bought […]
In recent weeks, bitcoin sentiment has been most bullish when the price was highest and most bearish exactly when it was most stressed, according to Santiment data covering May 21 through June 4. Peak bullishness hit on May 22, with bitcoin near its high of $78,000 for the period. The most bearish came June 3, […]
As Zcash (ZEC) price plunged over 40% over the past two days, the fear of a potential crash below $100 remained palpable. As of June 5, prediction market traders set the likelihood of the ZEC price crashing to $100 in 2026 at 28%, down 19% over the last 24 hours, according to data from Polymarket, […]
The recent sharp drop in Bitcoin has brought the $60,000 level back to the forefront of market attention. As the $BTC price approaches this critical zone, investors are now closely monitoring not only the classic support and resistance levels but also the intense positioning in the derivatives market. According to market experts, the $60,000 level […]
The Cardano (ADA) network utilization has surged to the highest level in four months amid the altcoin’s renewed selling pressure. As of June 5, the active addresses on the Cardano network reached 28,459, according to on-chain data analytics from Santiment. Cardano network utilization and social dominance. Source: Santiment The notable surge in Cardano network coincided […]
Bitcoin slipped below $62,000 on Friday, briefly approaching the $61,000 level as weakening demand and rising selling pressure from short-term holders weighed on sentiment. The move comes amid a broader risk-off environment across global markets. The momentum indicators remain bearish, suggesting further selloff in the near term. Bitcoin demand continues to decline Bitcoin is down […]
Following the steep decline in early June 2026, the cryptocurrency market has crossed the milestone of wiping more than $2 trillion from its market capitalization relative to the all-time high reached in October 2025. Specifically, the total valuation of digital assets crossed above $4.22 trillion late last year but has been on a decisive, multi-stage […]
Bitcoin’s [$BTC] recent fall has brought fear back into the market. However, does this mean the market is in real trouble, or is it just a bad phase? Here’s what you need to know. Strategy’s Bitcoin bet in its toughest phase yet Strategy is reportedly sitting on its largest-ever unrealized loss, worth around $10.8 billion. […]
In a move that has drawn sharp attention from analysts, Strategy recently executed a small-scale sale of its Bitcoin holdings, a departure from its nearly six-year-long accumulation strategy. Markus Thielen, CEO of 10x Research, has interpreted the transaction not as a loss of conviction in Bitcoin, but as a deliberate test of market flexibility and […]
Four-month minimum: The asset’s value fell to $61,309 in the last 24 hours before experiencing a slight rebound. Massive profit-taking: A wallet identified as “pension-usdt.eth” closed a 1,400 $BTC short, consolidating a profit of 3.56 million dollars. Record liquidations: The derivatives market recorded the loss of 634.6 million dollars stemming exclusively from liquidated bullish positions. […]