Invest ideasNews
7 Jun 2026, 18:00
Bitcoin’s “Electrical Cost” Suggests Possible Bear Market Floor Near $50,000 — Analyst
Bitcoin’s bearish structure over the past few weeks has raised clear concerns about the flagship cryptocurrency’s future. Amid these concerns are speculations concerning its trajectory, some of which point to bottoms as low as $25,000. However, an on-chain analyst recently took to the social media platform X to explain why Bitcoin’s fall to $25,000 is an unlikely scenario in its current cycle. Electrical Cost Model Points To Potential Bitcoin Bottom In a June 6 post on X, crypto analyst Ted Pillows implied that the Bitcoin price might see further declines before a definitive bear market bottom is established. This conjecture is based on the Bitcoin Electrical Cost model. For context, the model estimates Bitcoin’s fundamental production costs by measuring the electricity required to mine new BTC. Because mining operations tend to consume substantial amounts of energy, the metric is often used as a proxy for Bitcoin’s inherent value. This is because it represents the minimum price at which miners can sustainably operate over the long term. Related Reading: Analyst Who Predicted the Bitcoin Crash Says Price Could Reach $40,000, Here’s When In line with historical data, Pillows explained that Bitcoin bear markets have never fallen below this Electrical Cost, despite the severe drawdowns seen during these periods. On the contrary, bear markets have often found bottoms near this crucial price level. Pillows pointed out that Bitcoin’s current Electrical Cost sits at approximately $48,694 — a threshold still somewhat far from Bitcoin’s current market price. According to the analyst, this suggests that the BTC price could find support near $50,000 if the current downturn continues. However, Pillows highlighted a caveat in this analysis, stating that it would take an extraordinary global event for this support zone to be broken. In the event that the world is hit by a recession or a pandemic as severe as COVID, the Bitcoin price could temporarily fall below its estimated production cost due to panic-driven sales. Silent BTC Accumulation On Binance Underway As Outflows Steadily Climb In a Quicktake post on CryptoQuant, analyst CryptoOnchain highlighted an interesting contradiction ongoing within the Bitcoin market. According to the on-chain analyst, BTC accumulation events have been underway on Binance. The analyst noted that technical indicators — notably, the RSI (14) and the EMA50/200 — are telling a clearly bearish story. RSI readings, for example, have fallen to extreme levels near 6.4, and the EMA50/200 currently displays a “Death Cross” pattern. At the same time, Binance’s Exchange Netflows reads as negative (-0.58σ), indicating that Bitcoin is leaving Binance consistently—an event that further suggests its holders are accumulating BTC rather than simply panic-selling. But then CryptoOnchain explained that the unignorable threat of a long squeeze still looms, given the high Open Interest. As of this writing, the price of BTC stands at around $602,388, reflecting an almost 3% jump in the past 24 hours. Related Reading: Bitcoin Testing A Critical Support After Sharp Market-Wide Selloff Featured image from iStock, chart from TradingView
7 Jun 2026, 18:00
Trump-Affiliated Stablecoin Hit With HTX Delisting Amid Asset Freeze Controversy
Justin Sun has reportedly been offered a behind-the-scenes settlement by a World Liberty Financial investor, though no resolution has been announced. That unresolved tension now has a new flashpoint: Sun’s crypto exchange HTX has moved to fully delist USD1, the stablecoin tied to US President Donald Trump’s World Liberty Financial project. A Freeze That Started It All HTX announced on June 6 that USD1 would be removed from its platform on June 7. Users holding USD1 on the exchange will have their balances converted to USDT at a 1:1 rate, with the converted funds credited to their spot accounts. The exchange said the decision was made to reduce potential risks, protect user assets, and maintain fair trading conditions. HTX stopped short of labeling it retaliation, but the timing left little ambiguity. 火币 HTX 关于 $WLFI、 $USD1 资产处理的情况说明 The World Liberty Financial (WLFI) 项目方近期以相关制裁合规审查为由，单方面对火币 HTX 相关链上地址采取冻结措施，导致部分 WLFI 资产链上流转受限。 鉴于 USD1 同样由 WLFI… — 火币HTX (@HuobiGlobal) June 6, 2026 A day earlier, on June 5, HTX had already suspended several trading pairs involving WLFI tokens — including WLFI/USDT, USD1/USDT, BTC/USD1, and ETH/USD1. The suspension followed what HTX described as a unilateral move by the WLFI project team to freeze on-chain wallet addresses linked to Huobi HTX, citing sanctions compliance reviews as justification. Lawsuit Hangs Over The Dispute The conflict does not exist in isolation. It is playing out against the backdrop of an active legal fight between Sun and WLFI. Sun filed a lawsuit against the project, alleging his tokens were frozen without cause and that WLFI operates a blacklist mechanism capable of restricting or destroying user funds. 关于火币HTX下架USD1(USD1)并将用户资产兑换为USDT的公告 鉴于 USD1 为 WLFI 项目方发行的资产，为降低潜在风险、保障用户资产安全及维护公平交易环境，火币HTX将于2026年6月7日11:00（UTC+8）时下架 USD1，并将用户账户内符合兑换范围的 USD1 按 1:1 的比例兑换为 USDT。 兑换完成后，对应 USDT… https://t.co/O34q0Joc7k — 火币HTX (@HuobiGlobal) June 6, 2026 WLFI hit back with a countersuit, accusing Sun of running a coordinated defamation campaign and using social media influencers and bots to spread damaging claims about the project. The two sides appear no closer to a resolution. A settlement offer from a major WLFI investor was extended to Sun, but he has made no public statement indicating progress on that front. What Comes Next For USD1 Holders For users on the exchange, the immediate impact is straightforward: USD1 holdings will be swapped out for USDT, and the exchange has said the distribution timeline will be confirmed separately. The broader question — whether WLFI’s invocation of sanctions compliance to freeze a counterparty’s on-chain addresses was legally grounded or tactically motivated — remains open. Neither WLFI nor its legal representatives have issued a detailed public explanation of the freeze. USD1 is a stablecoin issued by World Liberty Financial, a crypto project backed by Trump. Featured image from Baltana, chart from TradingView
7 Jun 2026, 18:00
Bitcoin underwater supply crosses 10mln – Is BTC near cycle bottom?
Bitcoin's profitability metrics continue deteriorating, even as long-term holders begin absorbing distressed supply.
7 Jun 2026, 17:53
Bitcoin ETF outflows hit 1.72 billion dollars in one week! What do shifting institutional moves mean?
🚨 Bitcoin ETF outflows soared by 1.72 billion dollars in just one week. 💼 Institutional sellers are exiting as BTC trades near 60,000 dollars. 📉 Net outflows from spot Bitcoin ETFs have accelerated for four weeks straight. 💡 All eyes are now on what will happen next in $BTC around the critical support. Continue Reading: Bitcoin ETF outflows hit 1.72 billion dollars in one week! What do shifting institutional moves mean? The post Bitcoin ETF outflows hit 1.72 billion dollars in one week! What do shifting institutional moves mean? appeared first on COINTURK NEWS .
7 Jun 2026, 17:45
Bitcoin Holds $62K as Strategy Insiders File $15M Sale, RSI Plunges to 21.92
Bitcoin News SEC filings disclosed late last week that Strategy's chief executive and chief financial officer plan to liquidate roughly $15 million in MSTR shares tied to recently vested awards. CE...
7 Jun 2026, 17:43
Bitcoin eyes $60,000 as key level for next move
🚨 $60,000 becomes the key level for the next move in $BTC. 📉 Some analysts see the current rise as a brief recovery, not a full reversal. 🕰️ Previous C waves brought market lows as interest faded. Continue Reading: Bitcoin eyes $60,000 as key level for next move The post Bitcoin eyes $60,000 as key level for next move appeared first on COINTURK NEWS .
