hodler

3 Jun 2026, 11:34

ETH Eyes $1,700 Low, But Analyst Says the Real Story Is Long-Term Bullish

Ethereum (ETH) is closing in on its February low near $1,700, after a broader crypto sell-off pushed it just below $1,900. But while some traders are focusing on the risk of another leg down, one analyst is arguing that growing institutional interest in Ethereum’s infrastructure is a bigger story than the current price weakness. Ethereum Approaching Key Support as Market Sentiment Weakens According to crypto trader Bren, ETH is making “an impulsive run” toward its February low at $1,700 following what he described as corrective price action throughout March and April. In a June 3 post on X, he said the market’s bullish expectations at the time did not match Ethereum’s behavior in the chart, and therefore, he expected another drop. He added that there are two possibilities for him: the case of a double bottom in which the second-biggest coin in the world trades at the aforementioned $1,700 and then bounces back up, or where the prices fall further below that level. However, he did not give any definite predictions, instead saying that both cases would not affect his long-term outlook on ETH. In his opinion, the combination of institutional adoption of stablecoins and real-world asset tokenization, layered on top of what he described as a world “obsessed with speculation and collecting,” is enough to keep him bullish on ETH until the end of the year. And Bren is not alone in his optimism, as Electric Capital’s Avichal Garg also made a similar argument. According to him, Ethereum has a “credible neutrality” that can’t be replicated, and with countries like China, India, and Brazil actively looking for financial infrastructure not controlled by any single nation, a neutral settlement layer has genuine geopolitical value. “You talk to anybody on Wall Street,” he said, “everybody’s trying to build on ETH.” Institutional activity is backing the two market observers in real time, with Lookonchain reporting earlier today that Bitmine, chaired by Fundstrat’s Tom Lee, had received another 25,000 ETH from BitGo, worth about $48 million, even as the asset’s price was falling. Supply Trends and Institutional Adoption Support the Longer-Term Case ETH’s current price reflects a drop of about 9.5% in the last week, and liquidations on June 3 were heavy, with data from CoinGlass showing more than $439 million in long positions were wiped out in 24 hours. Still, the structure of the market tells a more complicated story beyond the short-term price action. According to CryptoQuant contributor CryptoOnchain, more than 32% of Ethereum’s total supply, approximately 39.5 million ETH, is now locked in staking. At the same time, they noted that exchange balances were reducing, which should cut the amount of ETH available for trading. Meanwhile, Arab Chain pointed out that ETH funding rates on Binance have also jumped to their highest level since the start of 2026, reflecting a steep rise in leveraged long positions. Per their assessment, that can be read two ways: that traders are positioning for a bounce or a crowded trade that becomes vulnerable if price keeps falling. The post ETH Eyes $1,700 Low, But Analyst Says the Real Story Is Long-Term Bullish appeared first on CryptoPotato .

3 Jun 2026, 11:34

Trezor Safe 7’s security chip vulnerability revealed! What do investors need to know?

🚨 Trezor confirmed a vulnerability in the Safe 7 security chip! 🛡️ No user assets or private keys in $BTC wallets are currently at risk. 🔍 Only highly advanced, physical attacks could pose a threat, with no real-world cases detected. Continue Reading: Trezor Safe 7’s security chip vulnerability revealed! What do investors need to know? The post Trezor Safe 7’s security chip vulnerability revealed! What do investors need to know? appeared first on COINTURK NEWS .

3 Jun 2026, 11:30

Bank of America Names Adam Dixon Global Head of Digital Asset Transformation

Bank of America has appointed Adam Dixon, a more than 20-year veteran of the firm, as its global head of digital asset transformation, tasking him with steering the second-largest American bank’s crypto and tokenization strategy. A New Crypto Command at a Wall Street Giant The appointment names Dixon global head of digital asset transformation, with

3 Jun 2026, 11:27

Michael Saylor’s Strategy crashes 30% from 2026 highs

Just three weeks after hitting its intraday high of $197 and closing price high of $195.94 on May 11, Michael Saylor’s Strategy (NASDAQ: MSTR ) stock suffered a steep crash that took it to $136.62: 30.65% and 30.27% below the two 2026 records, respectively. Strategy stock price one-month chart. Source: Finbold The collapse came shortly after the company sold 32 Bitcoins ( BTC ) to help fund its preferred equity commitments. While the trade was trivial in scale, amounting to just $2.5 million and less than 0.01% of the total cryptocurrency treasury, investors appear to have taken it as a stark warning. Indeed, Strategy built a reputation for hoarding BTC, with much of its image being shaped by Michael Saylor’s flamboyant, meme-infused, and highly dramatic X posts and a rhetoric indicating one can never own too much of the digital asset. Probably nothing. $BTC pic.twitter.com/fdFTt8Ugl0 — Michael Saylor (@saylor) May 19, 2026 Beyond affecting MSTR stock price, the sale also either triggered or contributed to a major Bitcoin crash, and the world’s premier cryptocurrency is 11.42% down in the last week and changing hands at $67,153 at press time on June 3. Bitcoin price one-week chart. Source: Finbold Did Michael Saylor trigger the latest Bitcoin price crash? Still, it remains somewhat unclear at press time if Saylor’s trade was the trigger or merely came during a wider risk-off moment in the digital assets market. So far in 2026, cryptocurrencies have been far more sensitive to geopolitical pressures than the American stock market, and last week featured a significant escalation in the conflict between the U.S. and Iran. Specifically, shortly after Axios issued the latest of its many reports about an ‘imminent’ deal between the warring nations , negotiations suffered additional setbacks and missiles and bombs started flying at a heightened rate. Under the circumstances and with Exxon Mobil (NYSE: XOM ) also warning that the effects of the closing of the Strait of Hormuz cannot be staved off for much longer, it is plausible that Bitcoin’s most recent price correction is a harbinger of a wider incoming sell-off. Crypto market wiped $170 billion in a week Whatever the underlying cause and the next move, Bitcoin’s dominant position ensured widespread contagion in the cryptocurrency market. Between May 28 and June 3, 2026, the overall market capitalization of digital assets crashed by $170 billion, with the bulk of the collapse taking place in June. Total cryptocurrency market capitalization one-week chart. Source: TradingView Still, the downturn has not been universal, and nearly half of the biggest 100 cryptocurrencies managed to rally in the last week of trading. For example, Stellar ( XLM ) is up 54% within the timeframe, and the increasingly popular Hyperliquid ( HYPE ) rose 16%. Featured image via Shutterstock The post Michael Saylor’s Strategy crashes 30% from 2026 highs appeared first on Finbold .

3 Jun 2026, 11:19

Bitcoin momentum gauge hints at recovery. Experts remain cautious.

Your day-ahead look for June 3, 2026

3 Jun 2026, 11:11

UK Regulator Warns Soccer Clubs Over Unauthorized Crypto Sponsorship Deals

The FCA has warned Premier League clubs that partnerships with unlicensed crypto firms could expose fans to unregulated trading platforms.