hodler

8 Jun 2026, 07:29

Arthur Hayes says ‘I Didn’t Buy’ amid $2M HYPE transfer

An address linked with Arthur Hayes reportedly withdrew 33,979 HYPE coins (approx worth $2.09 million) from the Bybit exchange on June 8. This gave rise to speculations that Hayes must have changed his mind after exiting the cryptocurrency in an equally significant move just days before. However, Hayes dispelled the rumors using four words on X: “I didn’t buy shit.” This is important in the context of crypto trading as HYPE is already up in double digits following the positioning by Hayes. Arthur Hayes’ HYPE exit Hayes sold off all of his investments in HYPE and NEAR tokens on June 4, predicting a crypto market peak ahead of September, due to the increasing cost of energy amid the Iran crisis, three huge AI company IPOs set to drain out liquidity from crypto markets to equity, and his prediction of Donald Trump potentially becoming anti-AI during the midterms. The sale was notable because of the fact that Hayes has been one of the most vocal advocates for HYPE coins. In May, he had said that HYPE, ZEC, and NEAR were some of Maelstrom’s most highly conviction holdings, adding that Bitcoin could eventually reach new historical highs. However, Hayes’ decision to sell off his HYPE holdings came as an unexpected shock for the community, causing the price of the HYPE token to plunge sharply. As per reports, the HYPE price fell by over 11% after the announcement, trading below $65. This sell-off resulted in many leveraged positions being liquidated in the HYPE perpetual marketplaces, amplifying downside pressure as traders reacted to one of crypto’s most closely watched macro investors unwinding his position. Hayes denies buying HYPE after $2.09 million move Lookonchain in an X post flagged the Bybit withdrawal . Hayes responded directly to Lookonchain’s post, writing on X : “I didn’t buy shit.” Meanwhile, Onchain Lens mentioned that 33,979 HYPE were withdrawn from the wallet. It added that there were 34,066 HYPE in the wallet at that time. It is not uncommon for such a discrepancy to occur, since wallets associated with public figures are identified through probabilistic on-chain data analysis, and the withdrawal of HYPE from an exchange may involve an internal transfer or someone else’s activity using the same set of addresses. Given the timing of this story, it shows just how much crypto is still susceptible to whaling plays. HYPE was already suffering losses due to a token unlock event happening on June 6 where 237 million tokens, constituting about 23.8% of the total supply, became available to key contributors. The token unlock alone made up 71% of all token unlocks that occurred within the whole crypto market that week. It seems like the combination of the initial exit by Hayes, the unlocking of tokens by contributors, and the macro environment put pressure on the token and created a feedback loop: spot selling caused liquidation of leveraged longs, causing further losses in price. This drew more attention to the exit, which prompted further copycat selling from smaller holders. Hayes’ influence on market sentiment partly explains why traders reacted so aggressively. Though some of his market calls have not necessarily been perfectly timed, he has recently made quite a few predictions that got a lot of attention from investors. At the beginning of this year, for instance, Hayes called a bottom in Bitcoin at around $60,000, forecasting that the price would reach $126,000, all while naming HYPE, ZEC, and NEAR as suitable choices for speculative investments. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

8 Jun 2026, 07:13

Don’t Trust Bitcoin’s Bounce Now, Analyst Warns Capitulation Is Still Ahead

Bitcoin’s price rebound since the Friday massacre to $59,000 drove the asset north to $64,000 earlier this morning, perhaps driven by some positive developments on the US-Iran war front. One analyst, though, believes this price recovery is not the full story and warned about another major retracement. BTC Jumps to $64K The primary cryptocurrency plunged below $60,000 on Friday for the first time since before the US presidential elections in November 2024. This new local low was the culmination of a weeks-long correction that began in mid-May when the asset was rejected at $82,000. It managed to rebound to just over $60,000 relatively quickly and bounced to $62,000 over the weekend. It experienced some volatility yesterday evening when Iran struck Israel in retaliation for attacks against Lebanon. However, US President Donald Trump condemned all the strikes and said that his country and Iran might be closer to a peace deal that could be announced in the following few days. BTC jumped to $64,200 in a promising wick, but was quickly stopped and now sits at around $63,000. Most altcoins followed the fluctuations, leading to another uptick in the liquidations from the futures field. The total value of wrecked positions has risen to well past $600 million daily, shows CoinGlass data. This time, though, short liquidations dominate with $467 million. Liquidation Data on CoinGlass Don’t Trust The Pump Popular analyst Merlijn The Trader predicted BTC’s bounce following the $59,000 low, but cautioned that this is not the full story. He based his analysis on the 2022 bear market, when the cryptocurrency had already retraced hard but then rebounded in a similar manner. However, the actual capitulation was still in play and followed after some investors had already hopped on. If history repeats now, Merlijn predicted a price surge toward $65,000-$70,000 before the ultimate leg down drives the asset to a proper DCA zone between $48,000 and $59,000. The Bitcoin bounce is coming. Don’t go all-in on it. Wyckoff Accumulation: 2022: Spring at $15.5K. Bounce rally to $23K. Bulls bought the bounce. Then capitulation. 2026: Same playbook. Spring near $50K incoming. Bounce rally to $65-70K incoming. DCA zone: $48-59K.… pic.twitter.com/ZJNxHzA1XX — Merlijn The Trader (@MerlijnTrader) June 7, 2026 The post Don’t Trust Bitcoin’s Bounce Now, Analyst Warns Capitulation Is Still Ahead appeared first on CryptoPotato .

8 Jun 2026, 07:12

XRP plunges 17 percent in just one week! What does the recent accumulation trend mean?

🚨 XRP suffers a 17 percent weekly plunge but sees waves of accumulation through ETF inflows. 📉 Over $118 million poured into $XRP-linked ETFs in May as exchange withdrawals surged past 25 million coins. ⚡ Major support now stands at $1.13 with resistance at $1.15 as traders watch for a clear trend reversal. Continue Reading: XRP plunges 17 percent in just one week! What does the recent accumulation trend mean? The post XRP plunges 17 percent in just one week! What does the recent accumulation trend mean? appeared first on COINTURK NEWS .

8 Jun 2026, 07:05

XRP Stuck in Downtrend, Analyst Says $1.20 Breakout Is Key for Recovery

BitcoinWorld XRP Stuck in Downtrend, Analyst Says $1.20 Breakout Is Key for Recovery Despite a modest rebound in recent trading sessions, XRP remains locked in a downward technical channel, according to a new analysis. The short-term rally has recouped some recent losses but has failed to break the prevailing pattern of lower highs, leaving the digital asset in a precarious position. XRP Price Action: Accumulation vs. Reversal Market observers have noted an uptick in investor accumulation, evidenced by exchange withdrawals and inflows into spot exchange-traded funds (ETFs). However, analysts caution that this behavior is more characteristic of a bottoming process than a definitive bullish reversal. The accumulation phase suggests that some investors see value at current levels, but it has not yet translated into the buying pressure needed to shift the broader trend. The $1.13 to $1.14 range has emerged as a critical short-term support zone. This area has held during the latest pullback, providing a floor for the price. A decisive break above the $1.20 level would be the first technical signal of a potential recovery, marking a move above the recent downward-sloping resistance line. What Happens If Support Fails? If XRP fails to hold support around the $1.10 mark, the analysis warns of a potential retest of the psychologically significant $1.00 level. A drop below $1 would represent a major loss of confidence and could trigger further selling pressure. The current setup leaves little room for error; the price is sandwiched between a key resistance level and a support zone that, if broken, could accelerate the downtrend. Why This Matters for XRP Investors For holders and traders, the distinction between accumulation and a genuine trend reversal is crucial. Buying during a bottoming process can be profitable if the trend eventually turns, but it carries the risk of catching a falling knife if support levels give way. The $1.20 breakout is the most reliable near-term signal to watch, as it would indicate that buyers have overcome the selling pressure that has dominated the chart in recent weeks. The broader market context also plays a role. XRP’s price action is not occurring in a vacuum; it is influenced by regulatory developments, overall crypto market sentiment, and macroeconomic factors. However, the technical analysis provides a clear, actionable framework for traders regardless of external noise. Conclusion XRP is at a critical juncture. The current rebound has not yet reversed the downtrend, and the price remains confined within a bearish channel. The $1.13–$1.14 support zone is holding for now, but a failure there could lead to a test of the $1 level. Conversely, a clean break above $1.20 would signal that the worst may be over and that a sustainable recovery is underway. Until then, the path of least resistance remains downward. FAQs Q1: What is the key resistance level for XRP right now? The key resistance level is $1.20. A breakout above this price would signal a potential reversal of the current downtrend. Q2: Is the recent accumulation of XRP a bullish sign? Accumulation, seen through exchange withdrawals and ETF inflows, is often a sign of investor confidence, but it is currently viewed as a bottoming process rather than a confirmed bullish reversal. The trend remains bearish until a breakout occurs. Q3: What happens if XRP drops below $1.10? A drop below $1.10 would weaken the current support structure and could lead to a test of the psychological $1.00 level, which would be a significant bearish development. This post XRP Stuck in Downtrend, Analyst Says $1.20 Breakout Is Key for Recovery first appeared on BitcoinWorld .

8 Jun 2026, 07:05

Bitcoin Surges 5% to $64K, Settles Near $62.5K as Trump Says Netanyahu Must Accept Iran Deal

Bitcoin climbed roughly 5% to around $64,000 on Sunday after U.S. President Donald Trump said Israeli Prime Minister Benjamin Netanyahu will have “no choice” but to accept a U.S.-brokered deal with Iran. Trump Says the Deal Is ‘Almost Complete’ The rally followed remarks in which Trump framed the agreement as a near-certainty and signaled he

8 Jun 2026, 07:03

Bitcoin recovers to $63k but remains frail amid ETF outflows, Iran tensions