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1 Jun 2026, 12:02

Analyst Predicts 53% Chance XRP Hits $11 Very Soon. Here’s why

Crypto trader Cheeky Crypto recently suggested that XRP has 53% probability of reaching $11 on a long-term technical pattern on the chart. Cheeky Crypto stated that XRP is approaching a decisive moment as a massive broadening wedge pattern continues to develop. According to the analysis, historical data associated with this chart formation indicates a 53% probability of an upward breakout and a 47% probability of a breakdown. The post emphasized that traders should focus on larger market structures rather than short-term price movements, while also monitoring institutional activity, on-chain metrics, and exchange reserve levels. The accompanying video expanded on these points, arguing that many market participants overlook the significance of the pattern by concentrating on daily price fluctuations and news events rather than the broader technical setup. 53% chance XRP hits $11 very soon Can a massive macro broadening wedge pattern really catapult XRP to eleven dollars, or is the market setting up an expansive technical trap? Analyzing long-term market data reveals a specific geometric structure coiling on the charts with a… pic.twitter.com/fV4weWP20f — Cheeky Crypto (@CheekyCrypto) May 31, 2026 Why the $11 Target Was Presented In the video, Cheeky Crypto explained that a broadening wedge differs from more commonly discussed patterns such as triangles and pennants. Rather than converging toward a narrow point, the pattern expands as both highs and lows become increasingly extreme. According to the analysis, this expanding volatility reflects growing conflict between buyers and sellers. Cheeky Crypto stated that repeated tests of support and resistance have produced larger swings over time, creating what it described as a high-stakes environment that could eventually result in a major move. The $11 target was derived using a traditional technical analysis method that measures the wedge’s maximum height and projects that distance upward from a potential breakout point. Cheeky Crypto acknowledged that the target may appear ambitious relative to current price levels, but argued that historical studies of similar patterns support the possibility. The video further claimed that historical samples of comparable chart structures across stocks, commodities, and digital assets showed that slightly more than half reached their projected upside targets after breaking out. Risks Remain Despite the Bullish Outlook While highlighting the bullish scenario, Cheeky Crypto devoted significant attention to the downside risk. The analysis stressed that the 47% probability of failure cannot be ignored and warned that broadening wedge breakdowns can lead to rapid declines. According to the video, many traders become overly confident after multiple successful support tests, only to face sharp losses if the lower boundary eventually breaks. Cheeky Crypto argued that excessive leverage and emotional trading could expose participants to substantial risk during such conditions. The discussion also pointed to thin order books, liquidity clusters, and the presence of large institutional trading algorithms as factors that could create false breakouts and sudden volatility before a definitive trend emerges. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Focus on Patience and Risk Management Another major theme of the presentation was the importance of patience. Cheeky Crypto argued that traders often misunderstand the timeline associated with large chart formations, expecting immediate results from patterns that have taken months to develop. The analysis suggested that traders should align their expectations with the chart’s scale, monitor volume trends, and wait for stronger confirmation signals before assuming that a breakout has occurred. As XRP approaches what Cheeky Crypto described as the final stages of the broadening wedge, the group maintains that both outcomes remain possible. While the historical data referenced in the analysis favors an upside move toward $11 , the presenters repeatedly emphasized that disciplined risk management remains essential given the nearly equal probability of a significant downside move. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst Predicts 53% Chance XRP Hits $11 Very Soon. Here’s why appeared first on Times Tabloid .

1 Jun 2026, 12:00

NYDIG Says $1.3 Billion IBIT Trade Reveals Urgent Bitcoin ETF Exit

NYDIG says a $1.26 billion off-exchange sale of BlackRock ’s spot Bitcoin ETF, IBIT, was most likely a large directional holder exiting fast, rather than a basis-trade unwind. The May 26 block trade stood out not only for its size, but for the $29.5 million discount the seller accepted to move the position immediately. In its May 29 weekly Bitcoin digest , NYDIG’s Global Head of Research Greg Cipolaro examined the transaction in detail, arguing that the tape, holder data, ETF flows, and CME futures activity all point toward an urgent liquidation of a concentrated Bitcoin-linked position. Bitcoin ETF Whale Pays $29.5M To Exit IBIT Fast At 10:30:34 ET on May 26, a single counterparty sold 29.21 million IBIT shares at $43.16 per share through FINRA/Nasdaq TRF Carteret, one of the reporting facilities used for privately negotiated off-exchange trades. The block was worth roughly $1.26 billion. The sale price came in $1.01 below the prevailing market price of $44.17, a 2.3% concession worth about $29.5 million. “The evidence is most consistent with a large directional holder exiting a concentrated position rather than a contemporaneous basis-trade unwind,” NYDIG wrote. “The transaction exceeded the reported position of every disclosed March 31, 2026, 13F holder, required an unusually large price concession, and was not accompanied by the CME futures activity that would be expected if a basis position were being unwound.” The trade occurred against a weaker market backdrop for US spot Bitcoin ETFs. NYDIG noted that the category had entered May 26 after six straight sessions of net outflows beginning May 15. Over that stretch, spot Bitcoin ETFs lost approximately $1.55 billion, with IBIT accounting for about $1.1 billion of the total. Bitcoin’s technical setup had also deteriorated. According to NYDIG, BTC had rallied into its descending 200-day moving average near $82,000 to $82,500 in early May but failed to break through. By mid-May, price had fallen back below the trendline, while the 14-day RSI slid from around 70 to the mid-30s. That failed breakout likely contributed to the ETF outflows that preceded the block sale. The minutes before the trade showed a burst of activity. IBIT opened May 26 at $43.44 and traded normally during the first hour, before volume accelerated between 10:16 and 10:28 as the ETF moved from $43.81 to an intraday high of $44.24. The 10:26–10:27 and 10:27–10:28 intervals recorded 822,000 and 702,000 shares, respectively, about three to four times normal activity. NYDIG said the trade condition codes also mattered. The transaction was marked as an off-exchange TRF trade, carried a Rule 611 trade-through exemption, and was designated as an Intermarket Sweep Order. In practice, those conditions point to a privately negotiated block designed to prioritize execution certainty over price improvement. “Taken together, the designations indicate a negotiated off-exchange block transaction executed under trade-through exemptions and sweep procedures that allowed the seller to prioritize certainty of execution over price improvement,” NYDIG wrote. That urgency is central to NYDIG’s conclusion. A 20,000-share trade printed seconds earlier at $44.17, confirming that the $43.16 price was specific to the block rather than a broader market move. IBIT then rebounded to roughly $44.06 within the next minute before sliding later in the session and closing at $42.99. NYDIG also pushed back on the idea that the trade was a delta-neutral basis unwind. A 29.21 million-share IBIT position represented approximately 18,500 BTC of exposure, equivalent to around 3,700 CME Bitcoin futures contracts. Total CME Bitcoin futures volume that day was about 8,630 contracts, but the 10:30–10:31 interval saw only 91 contracts, and the adjacent minute saw 93. Even the full 10:30–11:00 window accounted for only about 1,070 contracts. “A simultaneous basis unwind of this size would have represented approximately 43% of total daily CME volume and likely produced a visible spike in futures activity,” NYDIG wrote. “No such activity occurred.” The firm also cautioned against reading IBIT’s reported $720 million of net redemptions across May 26 and May 27 as a direct measure of the block trade. ETF creations and redemptions can obscure simultaneous gross activity, and IBIT’s reported NAVs of $42.955 and $42.431 on those dates were both below the $43.16 block price. The seller remains unidentified. NYDIG said public data cannot conclusively determine whether the exit reflected forced constraints, such as investor redemptions or risk limits, or a discretionary investment call. What the trade does show, however, is that one sophisticated holder was willing to pay nearly $30 million for speed. At press time, BTC traded at $72,891.

1 Jun 2026, 12:00

Best Ethereum-based token to turn $300 into $30,000 as ETH targets $5,000

Ethereum is back in the headlines, with people buzzing about whether it’s headed back to $5,000, maybe even sooner than 2026. Not that long ago, ETH dropped nearly 60% from its peak, but it’s clawed its way back and now sits near $2,000, still staying above its key long-term support. Some analysts are getting optimistic Continue reading "Best Ethereum-based token to turn $300 into $30,000 as ETH targets $5,000"

1 Jun 2026, 12:00

Bitwise Adds $20M in HYPE in Single Day, Bolstering Hyperliquid ETF Holdings

BitcoinWorld Bitwise Adds $20M in HYPE in Single Day, Bolstering Hyperliquid ETF Holdings Bitwise Asset Management, the issuer of the Hyperliquid (HYPE) spot exchange-traded fund (ETF), purchased $20 million worth of HYPE tokens in a single day, according to data from blockchain analytics firm Arkham (ARKM). The acquisition, reported on Thursday, marks a significant acceleration in the firm’s accumulation of the token. Institutional Accumulation Accelerates Last week, Bitwise’s HYPE spot ETF, ticker BHYP, acquired a total of $41.8 million in HYPE. The latest single-day purchase of $20 million brings the fund’s total holdings to a substantial level, underscoring the growing institutional appetite for the Hyperliquid ecosystem. Arkham’s on-chain data revealed that Bitwise is currently staking approximately $55 million worth of the token, indicating a long-term holding strategy rather than short-term trading. ETF Performance Outshines Traditional Markets Arkham also noted that the return from purchasing BHYP at its launch two weeks ago has surpassed the S&P 500’s performance over the last two years. This comparison highlights the high volatility and potential upside of cryptocurrency ETFs relative to traditional equity indices, though it also carries corresponding risks. The BHYP ETF provides investors with regulated exposure to HYPE without the need to directly custody or manage the digital asset. Implications for the Hyperliquid Ecosystem Bitwise’s aggressive accumulation signals confidence in Hyperliquid’s underlying technology and market position. Hyperliquid is a decentralized derivatives exchange built on its own layer-1 blockchain, offering high-speed trading and staking rewards. The staking of $55 million in HYPE by a major asset manager like Bitwise adds credibility to the network’s security model and may encourage further institutional participation. For retail investors, the BHYP ETF offers a simpler entry point into a complex DeFi ecosystem, potentially broadening the investor base for HYPE. Conclusion Bitwise’s $20 million single-day HYPE purchase, part of a larger $41.8 million weekly accumulation, demonstrates sustained institutional demand for the Hyperliquid ecosystem. With $55 million currently staked and ETF returns outperforming the S&P 500, the move reflects a strategic bet on the long-term value of decentralized finance infrastructure. Investors should remain aware of the inherent volatility and regulatory uncertainties surrounding digital asset ETFs. FAQs Q1: What is the BHYP ETF? BHYP is a spot exchange-traded fund issued by Bitwise Asset Management that tracks the price of Hyperliquid (HYPE) tokens. It allows investors to gain exposure to HYPE through a traditional brokerage account without directly holding the cryptocurrency. Q2: Why is Bitwise staking HYPE tokens? Staking involves locking up tokens to support the network’s operations, such as validating transactions and securing the blockchain. In return, stakers earn rewards. Bitwise’s staking of $55 million in HYPE suggests a long-term investment strategy and confidence in the Hyperliquid network’s security and yield generation. Q3: How does BHYP’s performance compare to the S&P 500? According to Arkham, the return from purchasing BHYP at its launch two weeks ago has exceeded the S&P 500’s total return over the last two years. However, this comparison reflects a very short time frame for BHYP versus a multi-year period for the S&P 500, and cryptocurrency ETFs are generally much more volatile than traditional index funds. This post Bitwise Adds $20M in HYPE in Single Day, Bolstering Hyperliquid ETF Holdings first appeared on BitcoinWorld .

1 Jun 2026, 11:59

Aptos (APT) And Sei (SEI): As Move DeFi On APT And Order‑Book Perps On SEI Expand, Do APT And SEI Attract Sticky Trading Liquidity Or Stay High‑Beta Alternative...

As the digital asset market pushes toward the second half of 2026, alternative Layer-1 networks are attempting to carve out highly specialized niches to compete with established giants. The battle for trading volume and liquidity is fierce, and two distinct architectural approaches are currently taking the spotlight. Aptos (APT) is doubling down on its highly secure, parallelized Move-based execution to build a resilient DeFi ecosystem. Meanwhile, Sei (SEI) has positioned itself as the definitive "order-book perps chain," optimizing its infrastructure specifically to handle high-frequency trading and deep liquidity routing. However, while their fundamental value propositions are clear, their 30-day technical structures reveal that the market is still treating them cautiously. The pivotal question for both networks is whether their specialized environments can finally capture "sticky" trading liquidity, or if they will remain rotational, high-beta alternatives to Ethereum L2s and Solana. Aptos (APT): Move DeFi Chain Sitting On Its Floor Source: tradingview Aptos is currently exhibiting the classic behavior of a "high-beta alt-L1 in a down-leg." It is trading uncomfortably close to its local bottom, resting below both its short-term and long-term moving averages. The Fibonacci Map ($8.50 to $12.50): 23.6% Retracement: $9.44 38.2% Retracement: $10.03 50.0% Retracement: $10.50 61.8% Retracement: $10.97 Immediate Support: $8.50 to $8.80: APT is currently trading at $9.00, sitting precariously close to the $8.50 swing low. This is the absolute floor for the 30-day window. A clean daily close under $8.50 implies the market is completely repricing the prior $8.50 to $12.50 move and treating those earlier highs as a definitive top. Immediate Resistance: $9.40 to $10.00: The "first bounce" and mean-reversion band. This cluster contains the 23.6% and 38.2% Fibonacci retracements, alongside the 30-day SMA ($9.80). APT must reclaim and hold this territory just to stop looking structurally heavy. $10.50 to $11.00: The critical "trend-repair zone." This block houses the 50% Fib ($10.50), the 200-day SMA ($10.50), and the 61.8% Fib ($10.97). If APT can live within and eventually conquer this band, it signals that Move-DeFi liquidity is starting to genuinely stick. $12.00 to $12.50+: The local high. Sustained closes above $12.50 are required to mark the start of a brand new cyclical leg. The Read: Right now, APT is a high-beta alt-VM hugging the bottom of its range. To attract sticky trading liquidity rather than remaining a side bet, it must rigorously defend the $8.50 floor on every dip, reclaim the $9.40–$10.00 block to pull its 30-day SMA higher, and back any serious attempt at $10.50 with rising, organic TVL on APT-native DEXes. If it fails near $10.00, it remains a rotational beta play. Sei (SEI): Order‑Book Perps Chain In Mid‑Range, Slightly Healthier Source: tradingview Sei presents a slightly healthier technical picture than Aptos in this current snapshot. While it is trading slightly below its 30-day SMA ($0.55), it remains comfortably above its longer-term 200-day baseline ($0.48), placing it in a standard mid-range consolidation pattern. The Fibonacci Map ($0.40 to $0.70): 23.6% Retracement: $0.47 38.2% Retracement: $0.51 50.0% Retracement: $0.55 61.8% Retracement: $0.59 Immediate Support: $0.47 to $0.52: SEI is currently trading at $0.52, resting perfectly on this crucial "trend support band" spanning the 23.6% and 38.2% retracements. Closes above this cluster indicate that the broader $0.40 to $0.70 run remains structurally alive. $0.40 to $0.42: The 30-day swing low. A daily close below $0.40 unwinds the entire leg and serves as a stark signal that order-book perp flows are not currently strong enough to support the network's valuation premium. Immediate Resistance: $0.55 to $0.59: The primary overhead hurdle. This zone clusters the 50% Fib ($0.55), the 30-day SMA ($0.55), and the 61.8% Fib ($0.59). SEI needs to reclaim and hold above this ceiling to look like it is doing more than just bouncing. In any bullish "sticky liquidity" scenario, this band must be converted into a solid base. $0.65 to $0.70+: The local high region. Sustained closes above $0.70 on strong perpetual and spot volume would be the first definitive evidence of SEI breaking out of the "new alt-L1" category and into "serious trading venue" territory. The Read: SEI is mid-range, sitting above its trend support and long-term mean, but it still requires a definitive push. To shed its status as merely a high-beta alternative to Arbitrum or Solana, it must defend $0.47, push into the $0.55–$0.59 resistance block, and consistently post competitive order-book depth. If it gets aggressively sold near $0.60, it remains just a "good alt-L1 perps playground." Conclusion: Sticky Liquidity Or Side Bets? The side-by-side structures reveal one asset dangerously close to losing its current structure and another waiting mid-range for directional confirmation. They Attract Sticky Liquidity If: APT holds the $8.50 floor, trades consistently above the $9.50–$10.00 mean-reversion band, and demonstrates that Move-native TVL does not instantly vanish the moment incentive campaigns end. SEI defends $0.47–$0.52, lives primarily above $0.55–$0.59, and sees its flagship perpetual and spot venues regularly post trading volume and liquidity depth that genuinely rival established Arbitrum and Solana pairs. Liquidity on both chains survives market rotations—meaning their order books do not fully drain when capital temporarily sloshes back toward Ethereum or monolithic AI narratives. They Stay High-Beta Satellites If: APT breaks its $8.50 baseline or repeatedly fails to clear the $9.40–$10.00 overhead resistance, confirming a deeper structural reset. SEI drifts beneath $0.47 or consistently gets rejected at the $0.55–$0.59 moving average confluence. The vast majority of serious, institutional-grade trading remains heavily anchored to ETH L2s and Solana, leaving APT and SEI as interesting venues for targeted bets, but not places where capital naturally parks. Final Verdict: The level ladders and moving average positions for both assets are crystal clear. However, whether they emerge as undisputed market leaders or remain rotational side bets will be decided by verifiable, on-chain liquidity depth and trading volume, rather than technical charts alone. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

1 Jun 2026, 11:55

ProCap Financial Sells 52 Bitcoin to Fund Share Buyback

BitcoinWorld ProCap Financial Sells 52 Bitcoin to Fund Share Buyback ProCap Financial (BRR) has sold 52 Bitcoin to finance a share buyback program, according to a post on X by BitcoinTreasuries, a platform that tracks corporate Bitcoin holdings. The sale marks the first notable reduction in the company’s Bitcoin treasury since its last major purchase in March. Strategic Shift in Treasury Management The sale of 52 BTC represents a tactical decision by ProCap to return capital to shareholders rather than continue accumulating digital assets. The company’s last Bitcoin acquisition was 450 BTC in March, and it has not added to its holdings since then. This move signals a potential shift in treasury strategy, as the firm balances its Bitcoin exposure with shareholder value initiatives. Current Bitcoin Holdings and Market Position Despite the sale, ProCap retains a substantial Bitcoin reserve of 5,405 BTC, ranking it 19th among publicly listed companies globally for Bitcoin holdings. The company’s treasury remains heavily weighted toward cryptocurrency, a strategy that has drawn both praise and scrutiny from investors. The decision to sell a portion of its Bitcoin for a buyback may indicate management’s confidence in the stock’s current valuation relative to Bitcoin’s near-term prospects. Implications for Investors For shareholders, the buyback could provide short-term price support and signal management’s belief that BRR shares are undervalued. However, the sale also reduces the company’s direct Bitcoin exposure, which may appeal to risk-averse investors while disappointing those who view the stock as a proxy for Bitcoin investment. The move highlights the ongoing tension between corporate Bitcoin adoption and traditional capital allocation strategies. Conclusion ProCap Financial’s sale of 52 Bitcoin to fund a share buyback represents a notable tactical shift in its corporate treasury management. While the company still holds a significant 5,405 BTC, the decision to sell rather than accumulate may signal a more cautious approach to Bitcoin exposure. Investors will be watching closely for further moves as the firm navigates the intersection of digital asset strategy and shareholder returns. FAQs Q1: Why did ProCap sell Bitcoin instead of using cash? ProCap likely sold Bitcoin to fund the buyback because it holds a large portion of its treasury in the cryptocurrency. Using Bitcoin for a buyback allows the company to reduce its digital asset exposure while returning value to shareholders. Q2: How does this affect ProCap’s ranking among Bitcoin-holding companies? ProCap now holds 5,405 BTC, ranking 19th among publicly listed companies. The sale of 52 BTC slightly reduces its position but does not significantly change its standing among top corporate Bitcoin holders. Q3: Is selling Bitcoin for a buyback a common strategy? It is relatively uncommon. Most companies that hold Bitcoin, such as MicroStrategy, have historically accumulated rather than sold. ProCap’s move represents a more flexible approach to treasury management, prioritizing shareholder returns over maintaining a static Bitcoin position. This post ProCap Financial Sells 52 Bitcoin to Fund Share Buyback first appeared on BitcoinWorld .