hodler

8 Jun 2026, 10:30

Trader Nails BTC Bottom: Buys $98.9M Bitcoin at $59,734 and Nets $3.5M Profit in Two Days

A single whale bought 1,656 BTC worth about $98.9 million almost exactly at this month’s local bottom, then booked roughly $3.5 million in paper profit within two days as bitcoin rebounded. Buying the Exact Bottom The purchase landed as bitcoin carved out its weakest level of 2026, touching an intraday low near $59,100 on June

8 Jun 2026, 10:30

Ethereum exchange supply fell by 475,000 in early June

The supply of Ethereum ( ETH ) across several cryptocurrency exchanges has dropped by roughly 475,000 units during the first week of June. The reported ETH reserves across Binance, OKX, Gemini, and Bitfinex declined over the past few days, according to data from CryptoQuant analyzed by Finbold on June 8. Ethereum multi-exchange reserves. Source: CryptoQuant Binance reserves fell from 3.87 million ETH on June 4 to 3.68 million ETH by June 7, a drop of approximately 190,000 ETH, which represents a 4.91% decline. Bitfinex saw its ETH holdings drop from 2.67 million ETH on May 31 to 2.49 million ETH by June 7, a 6.74% decrease. OKX exchange recorded the sharpest decline, with its reserves dropping from 424,000 ETH to 340,000 ETH between June 4 and June 7, a decline of 84,000 ETH, or nearly 20%. Meanwhile, Gemini exchange also saw outflows, declining from 541,000 ETH to 520,000 ETH between June 5 and June 7, a reduction of 21,000 ETH, or 3.88%. The notable decline in ETH supply across several cryptocurrency exchanges could signal renewed investor demand. What’s next for Ethereum price amid declining exchange reserves Ethereum price has been trapped in a horizontal consolidation since early 2023. The large-cap altcoin, with a market capitalization of about $201.5 billion at press time, recently retested its multi-year support around $1,550, trading at approximately $1,664 on Monday. ETH/USD 1-week chart. Source: TradingView As such, if ETH supply across these crypto exchanges continues to drop over the coming days and weeks, the altcoin could form a potential reversal pattern near its multi-year support level. However, if the Ethereum supply on crypto exchanges increases, it could fuel further selling pressure in the near future. The post Ethereum exchange supply fell by 475,000 in early June appeared first on Finbold .

8 Jun 2026, 10:30

Bad News For Bitcoin: Historical Lows Show The Bottom Actually Lies Below $30,000

Despite growing optimism that Bitcoin has reached a cycle low, historical cycles suggest another leg down could still be ahead. While rising institutional involvement may reduce the severity of the downturn, a chart shared by a top crypto analyst suggests the cryptocurrency could still be headed for a bottom below $30,000 before a sustained recovery begins. Bitcoin Cycle Pattern Points To Possible Deeper Low The analyst explains that Bitcoin has followed a repeating pattern across major market cycles, where strong rallies are followed by very deep price declines. In previous cycles, Bitcoin fell about 83.90% after the 2017 peak and about 77.91% after the 2021 peak. These past moves are used as a guide for understanding the current market structure. Related Reading: Analyst Calls Out Stagnant Logic Being Used On XRP, Predicts When Price Will Rally To $300 In the present cycle, Bitcoin climbed above $120,000 during the 2025 bull run before entering a decline. At the time of the analysis, the price was in the low-$60,000 range. The main point being made is that if Bitcoin were to fall by a similar percentage as in earlier cycles, the final bottom could be much lower than current levels. A similar type of decline, around 78.92%, would place a potential low below $30,000. This is not presented as a prediction, but as a possible outcome if the market follows its historical pattern. The analyst also highlights that Bitcoin tends to move within a long-term upward channel, with past bear-market lows forming near the lower edge of that range. Based on this structure, the argument suggests that the market may still be in the middle of its correction phase, and a deeper drop is still possible before a final bottom is reached. Institutions Change The Equation Yet the analyst does not believe history will repeat perfectly. While the chart illustrates that past cycles often erased close to 80% of value from their highs, he argues that the market structure has evolved. Unlike earlier cycles, the current environment includes substantial institutional participation. Large investment firms, exchange-traded funds, and corporate treasury allocations have introduced new sources of demand that were largely absent during the 2018 and 2022 bear markets. From the analyst’s perspective, that growing institutional presence should gradually reduce volatility. Related Reading: Pundit Says Dogecoin Is About To Do Something Insane, Here’s What For that reason, the analyst expects the eventual drawdown to be closer to 50%–60% rather than the historical average near 80%. Based on that framework, a bottom of around $52,000 becomes the preferred target rather than a collapse below $30,000. The outlook also includes a bold forecast that October could mark the beginning of a new bull market. For now, the chart presents two competing possibilities. Historical cycle behavior suggests a destination below $30,000, while the analyst’s adjusted model points to a shallower decline near $52,000. The gap between those outcomes highlights the question dominating Bitcoin’s market today: will institutional capital rewrite the rules, or will history have the final word? Featured image created with Dall.E, chart from Tradingview.com

8 Jun 2026, 10:24

Solana Price Prediction: $89 Short Squeeze Target Builds

Solana is testing one of its last major weekly support zones after a sharp breakdown from months of range trading. At the same time, short liquidity is building near $89, creating a possible squeeze target if buyers regain control. Solana Tests Final Major Weekly Support as Bears Extend 20% Breakdown Solana (SOL) has completed a sharp breakdown from a multi-month consolidation range, falling more than 20% after losing key support. The latest move has pushed SOL into a critical weekly demand zone where bulls may face one of their most important tests of the current cycle. Solana Weekly Chart (SOL/USDT). Source: Daan Crypto Trades on X / TradingView The chart shows SOL trading inside a range between roughly $79 and $95 for more than three months. During this period, price compressed into a tight structure as buyers and sellers battled for control without establishing a clear trend. According to analyst Daan Crypto Trades, the eventual breakdown triggered the type of large move often seen after extended consolidation phases. Once SOL lost the lower boundary of the range, bearish momentum accelerated and pushed price more than 20% lower within a relatively short period. The decline has now brought Solana back to a major weekly support area near the $58-$60 region. This zone previously acted as a significant demand area and represents one of the last major support levels before lower price regions come into focus. From a technical perspective, traders are now watching whether buyers can defend this support and reclaim former resistance levels near $67 and $79. A successful recovery above those levels would improve the market structure and reduce immediate downside pressure. For now, the weekly support zone remains the key battleground. If bulls fail to hold this area, the breakdown could extend further, while a strong reaction could mark the beginning of a broader recovery attempt. Solana Shorts Cluster at $89 as Long Positioning Dries Up Solana (SOL) is showing highly imbalanced market positioning, with long exposure remaining unusually low while short liquidity continues to build above current prices. The latest liquidity heatmap suggests traders are closely watching the $89 region as a potential magnet for future price action. Solana Liquidity Heatmap (SOL). Source: Emilio Crypto Bojan on X / CoinAnk The heatmap shows SOL declining from above $95 to the low-$60 region over the past month. Throughout the selloff, long-side liquidity has gradually disappeared, leaving relatively few significant long-position clusters below the current market price. According to analyst Emilio Crypto Bojan, long exposure is now almost nonexistent. This suggests many bullish traders have already been flushed out during the recent decline, reducing the amount of downside liquidation liquidity available beneath the market. On the upside, a large concentration of short liquidity remains near the $89 level. The heatmap highlights this area as one of the strongest liquidity clusters above current price, making it a key zone traders may monitor if SOL begins to recover. From a market structure perspective, heavily one-sided positioning can sometimes create conditions for sharp countertrend moves. If buyers regain momentum, price could be drawn toward the concentrated liquidity zone where short positions may come under pressure. For now, the $89 region remains the primary level of interest. While Solana continues to trade well below that resistance area, the large buildup of short liquidity keeps attention focused on whether the market could eventually attempt a move toward that zone.

8 Jun 2026, 10:21

DOGE price outlook: can bulls defend the key $0.080 support?

Dogecoin (Dogecoin) is trading around $0.0850 on Monday, holding steady after a 5% rebound from its recent low below $0.0800. The modest recovery follows a volatile stretch in which the meme coin briefly tested its weakest levels since early February before buyers stepped in around the key support zone. The momentum indicators suggest that the bearish momentum is not over yet, with the bulls still struggling to regain control. Whale wallets reduce holdings to multi-month lows On-chain data suggests weakening conviction among larger investors. According to Santiment , wallets holding between 100 million and 1 billion DOGE have reduced their exposure to about 22.95% of the circulating supply, down from 24.63% in late April. This marks a five-month low for this cohort. Meanwhile, wallets holding more than 1 billion DOGE, often associated with exchange-linked addresses, now control 47.06% of supply, up from earlier lows in April. While this does not directly confirm selling, it signals a shift in supply distribution away from mid-sized “smart money” holders. Together, these trends suggest declining accumulation interest among influential DOGE holders. Derivatives data also point to fading speculative demand. DOGE futures Open Interest (OI) has dropped to just above $1.04 billion, down 1% in the last 24 hours and sharply from a peak of $1.76 billion in mid-May. The decline to a two-month low indicates reduced participation in leveraged positions and a broader cooling in retail risk appetite toward the token. If the open interest continues to decline, it could increase DOGE’s downside pressure, especially if spot demand weakens further. DOGE technical outlook: Bulls continue to defend the $0.080 support The DOGE/USD 4-hour chart is bearish as Dogecoin lost 15% of its value in the last seven days. At press time, DOGE is trading at $0.085, just above the $0.080 support level. The coin briefly dropped below $0.080 on Friday but has quickly bounced back, forming a Dragonfly Doji pattern, often interpreted as a sign of buyer defense at lower levels. Despite that, the momentum indicators are giving mixed signals at the moment. The Relative Strength Index (RSI) has bounced from oversold territory near 30 and now reads 48, approaching the neutral zone. This indicates a fading bearish momentum. The MACD remains in negative territory, signaling persistent bearish momentum. If DOGE fails to hold above $0.0800, it could extend its decline towards the $0.0741 level for the first time since January 2024. An extended bearish performance could see DOGE hit a two-and-a-half-year low of $0.0654. However, if the $0.080 support level holds, the bulls could target the next major resistance level at $0.0989 in the near term. A sustained break above these zones would be needed to confirm any meaningful trend reversal. While Dogecoin has stabilized in the short term, weakening whale accumulation and declining futures activity suggest the broader structure remains fragile. The $0.0800 level now stands as the key support for determining whether the recent rebound evolves into recovery or another leg lower. The post DOGE price outlook: can bulls defend the key $0.080 support? appeared first on Invezz

8 Jun 2026, 10:21

Good Time to Buy Bitcoin (BTC)? At Least Data Says It's Cheap

Bitcoin is actually cheap, suggests strong market indicator.