hodler

5 Jun 2026, 22:44

Uniswap sets record with 134000 UNI tokens burned in a day! What does this signal for Ethereum and DeFi investors?

🔥 Uniswap set a new record by burning 134000 $UNI tokens in a single day. 🌐 The burn is part of the platform’s ambitious UNIfication mechanism now running on 11 blockchains. 🪙 $UNI is still trading far below its all time high despite record activity. Continue Reading: Uniswap sets record with 134000 UNI tokens burned in a day! What does this signal for Ethereum and DeFi investors? The post Uniswap sets record with 134000 UNI tokens burned in a day! What does this signal for Ethereum and DeFi investors? appeared first on COINTURK NEWS .

5 Jun 2026, 22:30

Bitcoin’s Crash Has Broken Below A 4-Month Support, But There’s Still One More Play Left

Bitcoin (BTC) has been in a sharp downtrend over the past two weeks, facing steady declines as selling pressure, market volatility, and negative sentiment weigh on its price. During one of its recent market crashes, a crypto analyst noted that BTC had officially broken below a critical four-month support level, leaving the cryptocurrency in a precarious position. The expert now outlines what could happen next, and none of the scenarios suggested point to a fresh bull run—rather, Bitcoin may be headed for an even deeper bear market decline. Bitcoin Price Crash Breaks Key Support Crypto market expert Aralez announced in an X post on June 2 that Bitcoin had officially broken a critical four-month support level that had been holding its price steady. The latest decline saw the cryptocurrency lose more than 8% of its value in a single day, falling below $69,000. Related Reading: Bitcoin’s 4-Year Moving Average Shows Where The Market Bottom Lies Here Aralez explained that Bitcoin’s first goal during this bearish phase was to fill the Chicago Mercantile Exchange (CME) gap in the $74,000 – $81,000 range. His accompanying price chart shows that the CME gap was completely filled earlier in May when Bitcoin briefly climbed above $80,000. At the time, the cryptocurrency had been trading within a tight ascending channel, defined by an upper resistance trendline and a lower support line. This channel had guided BTC’s price up until its latest crash, which saw it break below the pattern’s lower boundary near $70,000. Since crossing $80,000, Bitcoin has entered a rather frightening downtrend, recently crashing below $63,000 after losing the $70,000 support. At the time of writing, Bitcoin is trading just above $62,000, down more than 2.3% in the past 24 hours and over 15% in the last seven days. Analysts tracking this bearish trend add that further declines could still occur until a bottom forms below $60,000, officially ending the bear phase. As for Aralez, he noted that a sharp sell-off immediately after hitting upside targets is usually a strong indication that the cryptocurrency’s downside momentum is far from over. As a result, he predicts that Bitcoin’s next move is likely a brief bounce to higher levels before another full-blown price crash to fresh lows. Analyst Outlines BTC’s Final Bearish Play In his analysis, Aralez outlined his roadmap for Bitcoin over the next 30 to 60 days. He first predicted that BTC could bounce back to the $71,000-$72,000 range and consolidate there for a bit. Afterward, the analyst expects the cryptocurrency to decline sharply toward lower-liquidity levels of $65,000-$63,000. Related Reading: Here’s Why The Bitcoin Price Is Crashing And What To Expect Next Once that range is reached, Aralez forecasts a brutal sweep below $60,000, suggesting a potential Bitcoin bottom near $55,000. He cautioned investors not to mistake the current market for the start of a new bull run. Instead, he said the market looks more like a classic bull trap that could catch many investors off guard. He added that the Bitcoin path with the least resistance points to lower levels. As the cryptocurrency continues its decline, he urged traders and investors to avoid becoming exit liquidity. Featured image from Pngtree, chart from Tradingview.com

5 Jun 2026, 22:20

Whale Faces $6.7 Million Loss on ZEC and HYPE Leveraged Positions

BitcoinWorld Whale Faces $6.7 Million Loss on ZEC and HYPE Leveraged Positions A single cryptocurrency whale is facing a combined unrealized loss of approximately $6.65 million after two high-leverage long positions turned sharply against them, according to data from blockchain analytics firm Onchain Lens. The Breakdown of Losses Onchain Lens reported that the whale’s 10x leveraged long position on Zcash (ZEC) has suffered a loss of over $3.2 million. A separate 2x leveraged long position on Hyperliquid (HYPE) has incurred a loss of $1.567 million. These figures represent the decline in the value of the positions since they were opened, not necessarily the total capital at risk. Additional Positions Under Pressure Beyond the ZEC and HYPE trades, the same address is also known to hold long positions in NEAR Protocol (NEAR), Toncoin (TON), Astr (ASTER), and Monero (XMR). While the specific loss amounts for these positions were not disclosed in the report, their inclusion suggests a concentrated portfolio of leveraged bets across multiple altcoins, amplifying the whale’s overall exposure to market downturns. What This Means for the Market Large liquidations or significant unrealized losses by major holders can signal heightened volatility for the affected tokens. For ZEC and HYPE, the whale’s losses may contribute to selling pressure if the position is closed, or it could indicate that other leveraged traders are also under stress. The event underscores the risks associated with high-leverage trading, particularly in less liquid altcoin markets where price swings can be more severe. Conclusion While the whale’s identity remains unknown, the scale of the losses serves as a cautionary example for retail traders who follow large-position strategies. The data from Onchain Lens provides a transparent, on-chain view of the risks inherent in leveraged cryptocurrency trading. The coming days will reveal whether the whale holds the position or is forced to liquidate, which could further impact the prices of ZEC and HYPE. FAQs Q1: What is a leveraged long position? A leveraged long position allows a trader to borrow funds to increase their exposure to an asset’s price increase. While it can amplify gains, it also magnifies losses if the price moves against the trader. Q2: How does a liquidation happen? If the price of the asset falls below a certain threshold (the liquidation price), the exchange automatically closes the position to prevent the trader from losing more than their initial margin. This can result in a total loss of the invested capital. Q3: Is this whale likely to be liquidated? It is possible. The reported losses are unrealized, meaning they have not been finalized. If the price of ZEC or HYPE continues to decline, the positions could be liquidated. Conversely, a price rebound could recover some or all of the losses. This post Whale Faces $6.7 Million Loss on ZEC and HYPE Leveraged Positions first appeared on BitcoinWorld .

5 Jun 2026, 22:18

ETH falls to 13-month low on Zcash bug news and Bitcoin drop to sub-$60K: Is $1.4K next?

ETH price crashed below $1,600 as a vulnerability in Zcash emerged and Bitcoin sold off below $60,000 for the first time in months.

5 Jun 2026, 22:15

Bitcoin Tests Critical Support at $62K as Analyst Warns of Deeper Correction to $54K

BitcoinWorld Bitcoin Tests Critical Support at $62K as Analyst Warns of Deeper Correction to $54K Bitcoin is currently retesting its February low of $62,000, and on-chain data suggests the selling pressure is intensifying. According to analyst Axel Adler Jr., if this level breaks, the next major support could be as low as $54,000 — a price point that has historically marked the beginning of a full market capitulation phase. Realized Losses Exceed February Levels In a recent analysis, Adler Jr. highlighted that the current net realized loss for Bitcoin holders has reached approximately $7 billion. This figure is notably higher than the realized losses recorded during the previous price bottom in February, signaling that the market is experiencing more severe pain this time around. However, the current loss level remains below the $14 billion peak observed during last winter’s full capitulation event. The analyst explains that as Bitcoin approaches the $62,000 level, selling pressure has been accelerating, causing losses to mount more quickly than in prior dips. This pattern suggests that market participants are becoming increasingly reactive to price declines. Two Key Support Levels Remain Adler Jr. identified only two significant support zones remaining below the current price. The first is $54,000, which represents the average realized price for the entire Bitcoin network — essentially the aggregate cost basis of all coins. The second is $49,000, which is the average purchase price for long-term holders (LTHs). Historically, both levels have acted as the threshold for entering a full capitulation phase in previous market cycles. The analyst emphasized that as long as Bitcoin holds above $54,000, the market is not yet in a full-blown capitulation scenario. What a Break Below $62,000 Would Mean If Bitcoin decisively breaks below its February low of $62,000, the path to $54,000 becomes increasingly likely. Adler Jr. warned that entering the average purchase price zone for long-term holders could signal the start of a major downtrend. In past cycles, such moves have been accompanied by prolonged bearish sentiment and significant drawdowns. For traders and investors, this analysis provides a framework for understanding where the market might find its next floor. The $54,000 level is not just a technical support — it is a psychologically significant price point tied to the average cost basis of the entire network, making it a key area to watch in the coming days. Conclusion Bitcoin’s current price action is testing a critical support zone. On-chain data from Axel Adler Jr. indicates that realized losses are rising, and if the $62,000 level fails, the next major support sits at $54,000. While the market has not yet entered full capitulation, the risk of a deeper correction is growing. Investors should monitor these levels closely as they will likely determine the short-term direction of the broader crypto market. FAQs Q1: What is the realized price for Bitcoin? The realized price is the average cost basis of all Bitcoin that last moved on-chain. It represents the aggregate purchase price of the network’s coins and is often used as a support or resistance level. Q2: What does full capitulation mean in crypto markets? Full capitulation occurs when selling pressure becomes extreme, often pushing prices below the average cost basis of long-term holders. It typically marks the final phase of a bear market before a recovery begins. Q3: Why is the $54,000 level important for Bitcoin? According to on-chain analyst Axel Adler Jr., $54,000 is the average realized price for the entire Bitcoin network. Historically, this level has acted as a major support and, if broken, has led to deeper corrections and prolonged bearish phases. This post Bitcoin Tests Critical Support at $62K as Analyst Warns of Deeper Correction to $54K first appeared on BitcoinWorld .

5 Jun 2026, 22:09

Bitcoin crashes to $59,000 as market stops believing in the HODL-at-any-cost story

Bitcoin broke under $60,000 on Friday, and the market did not exactly take it like adults in a room. The biggest crypto asset was trading around $59,911, down about 6% on the day and 18.7% for the week. This saw the price of Bitcoin falling to its lowest level since 2024 and by 52% from its all-time high in October at $126,080. The time-honored mantra “just HODL forever” has come under scrutiny due to actual sell-off, rising rates, exit from ETFs, and one extremely awkward question about Saylor’s strategy. The pain spread across the rest of crypto too. Ethereum fell 23% for the week to about $1,555, while Solana lost 22% in seven days and traded near $63.75. Earlier pressure came from growing ETF outflows and Strategy’s first Bitcoin sale since 2022. Jobs data pushes rate fears higher as Bitcoin loses another support level U.S. employers added 172,000 jobs in May, almost double the number traders expected. That data hit crypto at the wrong time because a stronger labor market gives the Federal Reserve less reason to cut rates. It also gives traders more reason to expect tighter policy before the year ends. That is usually not friendly to Bitcoin, because higher rates make risky assets harder to justify. The CME FedWatch Tool showed the total chance of a rate hike by year-end rising to 72.7% on Friday, up from 50.5% a day earlier. The chance that the Federal Reserve keeps rates at the current 3.50% to 3.75% range fell to 26.9% from 47.4%. The chance of a quarter-point cut by the December meeting dropped to 0.5%, down from 2.2%. Because of that, the 10-year Treasury yield jumped above 4.53% after the jobs report, as traders priced in higher rates for longer. That rate pressure landed on crypto, stocks, and anything else that had been running on cheap-money confidence. Now traders are watching Strategy (NASDAQ: MSTR) like hawks. On Monday, investors will find out whether the company bought Bitcoin, sold more, or did nothing during the week. That matters because Strategy has become one of the biggest corporate demand stories in crypto. If it bought aggressively after last week’s small but important sale, sentiment could calm down. If it sold again or stayed quiet, traders may start questioning one of the market’s most important buyers. Standard Chartered’s Geoff Kendrick said, “When MSTR last sold BTC … it bought back more than it sold just 2 days later.” Geoff added: “This time I suspect the buying following the selling will be more aggressive — I think either 10x (+ 320 BTC) or 100x (+3200 BTC). If I am right, the question is how will markets take it? I would see it as a tentative sign the low has been printed, and given that logic, suspect selling over the weekend will be muted (given risk we find out Monday MSTR has bought a chunk of BTC this week).” Chip stocks drag Wall Street down while crypto traders watch Strategy The crypto selloff came while Wall Street was also getting slapped around. U.S. stocks fell sharply Friday as semiconductor names took a brutal hit. The Nasdaq Composite dropped 4.18% and closed at 25,709.43, its worst day since the tariff chaos of April 2025. The S&P 500 lost 2.64% and ended at 7,383.74. The Dow Jones Industrial Average fell 695.15 points, or 1.35%, to 50,866.78, one day after the blue-chip index closed at a record. The S&P 500 also fell more than 2% for the week, ending a nine-week winning streak. The Nasdaq Composite lost 4.7% for the week after Friday’s damage. The 30-stock Dow finished slightly lower for the same period. The reason behind the chip selloff was not fully clear. Broadcom (NASDAQ: AVGO) disappointed investors after failing to raise its AI chip outlook on Wednesday night. That hit chip stocks Thursday, but Friday was much uglier. The strong jobs report and jump in Treasury yields made the selling worse. The iShares Semiconductor ETF (NASDAQ: SOXX) dropped 10%, its worst day since March 2020. Broadcom fell nearly 8% Friday after losing more than 12% on Thursday. Marvell Technology (NASDAQ: MRVL) dropped more than 16%. Intel (NASDAQ: INTC) and Advanced Micro Devices (NASDAQ: AMD) each fell around 11%. Micron Technology (NASDAQ: MU), the memory chipmaker that had become one of the latest stars of the bull market, fell 13% Friday after dropping 8% on Thursday. If you're reading this, you’re already ahead. Stay there with our newsletter .