hodler

1 Jun 2026, 03:18

Ethereum Price Slide May Not Be Over Yet—More Losses Loom

Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating near $2,000 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $2,010. The price is trading below $2,010 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,050 zone. Ethereum Price Remains At Risk of More Downside Ethereum price failed to remain stable above $2,040 and started a fresh decline, like Bitcoin . ETH price dipped below the $2,020 and $2,010 levels. The price even traded below $1,985. A low was formed at $1,965, and the price recently attempted a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $2,140 swing high to the $1,965 low. However, the bears remained active near $2,040. The price dipped again below $2,020. There was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,010 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,980, the price could attempt another increase. Immediate resistance is seen near the $2,020 level. The first key resistance is near the $2,030 level. The next major resistance is near the $2,050 level or the 50% Fib retracement level of the downward move from the $2,140 swing high to the $1,965 low. A clear move above the $2,050 resistance might send the price toward the $2,085 resistance. An upside break above the $2,085 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,150 in the near term. More Downside In ETH? If Ethereum fails to clear the $2,050 resistance, it could start a fresh decline. Initial support on the downside is near the $1,980 level. The first major support sits near the $1,965 zone. A clear move below the $1,965 support might push the price toward the $1,920 support. Any more losses might send the price toward the $1,850 region. The main support could be $1,780. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,980 Major Resistance Level – $2,050

1 Jun 2026, 03:10

Upbit to List Solstice (SLX) for KRW, BTC, and USDT Trading on June 1

BitcoinWorld Upbit to List Solstice (SLX) for KRW, BTC, and USDT Trading on June 1 South Korean cryptocurrency exchange Upbit has announced the upcoming listing of Solstice (SLX), a digital asset that will be available for trading against the South Korean won (KRW), Bitcoin (BTC), and Tether (USDT). The trading is scheduled to begin at 5:00 a.m. UTC on June 1. Listing Details and Timeline According to the official announcement, Upbit will open deposit services for Solstice approximately two hours before the trading start time. Withdrawals for the token will be enabled after a period of monitoring network stability and liquidity. The exchange has advised users to confirm the accuracy of deposit addresses and network types before initiating transactions, a standard precaution for new listings. Solstice (SLX) is a project that has been gaining attention in the decentralized finance (DeFi) space, though specific details about its technology and use cases remain relatively niche compared to larger-cap tokens. The listing on Upbit, one of the largest exchanges in South Korea by trading volume, is expected to increase the token’s visibility and liquidity significantly. Market Context and Implications Upbit’s decision to list SLX comes amid a broader trend of South Korean exchanges expanding their offerings to include emerging DeFi and infrastructure tokens. The country’s crypto market is known for its high retail participation and sensitivity to new listings, which often lead to short-term price volatility. For traders, the availability of SLX on a major regulated exchange like Upbit provides easier access and potentially higher liquidity. However, as with any new listing, there are risks associated with price discovery and potential manipulation in the early hours of trading. Investors are advised to conduct their own research and exercise caution. Regulatory and Operational Considerations Upbit, operated by Dunamu, complies with South Korea’s stringent anti-money laundering (AML) and know-your-customer (KYC) regulations. The exchange has a track record of listing tokens that meet its internal review criteria, which include assessments of the project’s technology, team, and legal compliance. The addition of SLX suggests the project has passed these checks, though the exact criteria remain proprietary. Conclusion The listing of Solstice on Upbit represents a notable step for the project, offering it access to one of Asia’s most active crypto trading communities. While the immediate impact on the token’s price and trading volume remains to be seen, the event underscores the ongoing expansion of tradable assets on major exchanges. Traders should monitor official Upbit announcements for any updates on trading schedules or network requirements. FAQs Q1: When will Solstice (SLX) start trading on Upbit? Trading will begin at 5:00 a.m. UTC on June 1, 2025, against KRW, BTC, and USDT pairs. Q2: What is Solstice (SLX)? Solstice is a cryptocurrency project focused on decentralized finance, though its specific use cases and technology are less widely known than those of major tokens. The listing on Upbit is expected to increase its market exposure. Q3: Are there any risks associated with trading new listings on Upbit? Yes, new listings can experience high price volatility and low liquidity in the initial hours. Traders should verify deposit addresses, use correct networks, and consider the risks before trading. This post Upbit to List Solstice (SLX) for KRW, BTC, and USDT Trading on June 1 first appeared on BitcoinWorld .

1 Jun 2026, 02:48

Bitcoin Price Teeters Near The Edge As Bears Eye Another Breakdown

Bitcoin price started a fresh decline below the $73,800 zone. BTC is consolidating and might continue to move down if it dips below $72,500. Bitcoin failed to stay above $74,200 and extended losses. The price is trading below $73,800 and the 100 hourly simple moving average. There was a break below a rising channel with support at $73,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $74,200 and $74,500 levels. Bitcoin Price Turns Red Bitcoin price failed to stay above the $75,000 support zone . BTC remained in a bearish zone and extended losses below the $74,500 level. There was a move below the $74,000 level. The price even dipped below $73,000. A low was formed at $72,470 and the price recently attempted a recovery wave. There was a minor move above the 23.6% Fib retracement level of the downward move from the $77,810 swing high to the $72,470 low. However, it faced resistance near $74,000. Recently, there was a break below a rising channel with support at $73,550 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $73,800 and the 100 hourly simple moving average. If the price remains stable above $72,000, it could attempt a fresh increase . Immediate resistance is near the $73,850 level. The first key resistance is near the $74,000 level. A close above the $74,000 resistance might send the price further higher. In the stated case, the price could rise and test the $74,500 resistance. Any more gains might send the price toward the $75,150 level or the 50% Fib retracement level of the downward move from the $77,810 swing high to the $72,470 low. The next barrier for the bulls could be $75,500. Downside Continuation In BTC? If Bitcoin fails to rise above the $74,200 resistance zone, it could start another decline. Immediate support is near the $73,000 level. The first major support is near the $72,500 level. The next support is now near the $72,000 zone. Any more losses might send the price toward the $71,500 support in the near term. The main support now sits at $70,850, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $72,500, followed by $72,000. Major Resistance Levels – $74,000 and $74,500.

1 Jun 2026, 02:45

Upbit to Temporarily Halt MEGA Deposits and Withdrawals for Network Upgrade

BitcoinWorld Upbit to Temporarily Halt MEGA Deposits and Withdrawals for Network Upgrade South Korean cryptocurrency exchange Upbit has announced a temporary suspension of deposits and withdrawals for Megaether (MEGA), scheduled to take effect at 11:00 a.m. UTC on June 4. The exchange cited an upcoming network upgrade as the reason for the pause. Suspension Details and Timeline According to Upbit’s official notice, the suspension will begin at 11:00 a.m. UTC on June 4. During this period, users will be unable to deposit or withdraw MEGA tokens through the platform. The exchange has not yet specified when normal services will resume, though such suspensions typically last until the network upgrade is completed and stability is confirmed. Upbit advised users to complete any pending MEGA transactions before the cutoff time to avoid delays or processing failures. The exchange also noted that trading of MEGA on its order books may continue during the suspension, depending on market conditions. Why Network Upgrades Trigger Suspensions Network upgrades, often implemented through hard forks or protocol changes, can temporarily disrupt blockchain operations. Exchanges like Upbit routinely suspend deposits and withdrawals during such events to prevent transaction errors, double-spending risks, or the processing of transactions on an incompatible chain. This is a standard precautionary measure across major cryptocurrency trading platforms. For MEGA holders, the suspension means that tokens cannot be moved into or out of Upbit during the upgrade window. However, balances held on the exchange remain unaffected and will be credited after the network stabilizes. What This Means for Traders For active traders on Upbit, the suspension introduces a temporary liquidity constraint for MEGA. Those looking to move tokens to other exchanges or wallets should plan ahead. The suspension may also affect arbitrage opportunities between Upbit and other platforms that continue to support MEGA deposits and withdrawals. Upbit has not disclosed the exact nature of the network upgrade, but such events often involve improvements to scalability, security, or smart contract functionality. Traders are advised to monitor Upbit’s official announcements for updates on resumption timing. Conclusion Upbit’s temporary suspension of MEGA deposits and withdrawals on June 4 is a routine operational measure tied to a network upgrade. While the pause may cause short-term inconvenience for some users, it is designed to ensure transaction integrity and network stability. Affected users should complete transfers before the deadline and stay tuned for further updates from the exchange. FAQs Q1: Will my MEGA balance on Upbit be affected by the suspension? No. Your MEGA balance will remain safe and unchanged during the suspension. Only deposits and withdrawals are paused. Q2: Can I still trade MEGA on Upbit during the suspension? Yes, trading may continue as usual on Upbit’s order books, though this is subject to the exchange’s discretion. Q3: How long will the suspension last? Upbit has not specified an exact end time. Suspensions typically last until the network upgrade is completed and the exchange confirms network stability. This post Upbit to Temporarily Halt MEGA Deposits and Withdrawals for Network Upgrade first appeared on BitcoinWorld .

1 Jun 2026, 02:40

Whale Acquires $5M in Binance Life Tokens, Now Among Top 20 Holders

BitcoinWorld Whale Acquires $5M in Binance Life Tokens, Now Among Top 20 Holders A newly identified cryptocurrency wallet has made a significant move in the Binance Life token market, purchasing roughly $5 million worth of the digital asset. The transaction, tracked by on-chain data provider ai_9684xtpa, involved the acquisition of 8.1 million tokens at an average price of $0.6141 each. The address, starting with 0x82C, now holds approximately 0.81% of the total token supply, securing a position among the top-20 largest holders. Market Impact and Price Action The large-scale purchase had an immediate and pronounced effect on the token’s market price. Following the whale’s entry, the price of Binance Life surged roughly 32%, climbing from $0.5314 to $0.702. This sharp upward movement highlights the outsized influence that large holders, often referred to as ‘whales,’ can exert on smaller-cap and niche tokens. The price spike also attracted attention from other traders, likely contributing to further buying pressure. Context and Implications for Binance Life Binance Life is a token associated with the broader Binance ecosystem, though its specific utility and adoption remain areas of active discussion within the community. A concentrated ownership structure, where a single new entrant holds nearly 1% of the total supply, raises questions about token distribution and potential market manipulation risks. For current holders and prospective investors, such whale activity can signal confidence in the project’s future, but it also introduces volatility. The 32% price surge demonstrates how quickly the market can react to large, publicly visible on-chain transactions. What This Means for Retail Investors For everyday traders, this event serves as a reminder of the importance of monitoring on-chain data. Large wallet movements can precede significant price swings. While the purchase may be interpreted as a bullish signal, it is crucial to remember that whale positions can be liquidated or sold just as quickly as they are accumulated, potentially leading to sharp reversals. The 0x82C address is now a key wallet to watch for any future sell orders. Conclusion The $5 million purchase of Binance Life tokens by a single whale address is a notable event that has reshaped the token’s holder landscape and caused a sharp price increase. While this demonstrates strong capital inflow and potential investor conviction, it also concentrates a meaningful portion of the supply in one wallet. Market participants should weigh the bullish price action against the risks of a concentrated ownership structure. The incident underscores the value of on-chain analytics for understanding real-time market dynamics in the cryptocurrency space. FAQs Q1: What is a ‘whale’ in cryptocurrency? A whale is an individual or entity that holds a large amount of a particular cryptocurrency. Their trades can significantly influence market prices and liquidity. Q2: How did the on-chain tracker identify this purchase? The tracker, ai_9684xtpa, monitors public blockchain transactions. When a new address makes a large transfer from an exchange or executes a significant purchase, it is flagged and reported to the community. Q3: Is a 32% price surge sustainable? Price surges driven by a single large buyer can be volatile. While they indicate strong demand, the price may correct if the whale decides to sell or if broader market sentiment shifts. Sustainability depends on continued buying interest and the token’s underlying fundamentals. This post Whale Acquires $5M in Binance Life Tokens, Now Among Top 20 Holders first appeared on BitcoinWorld .

1 Jun 2026, 02:30

Bithumb to End Multichain Support for Swell Network, Suspends Deposits and Withdrawals

BitcoinWorld Bithumb to End Multichain Support for Swell Network, Suspends Deposits and Withdrawals South Korean cryptocurrency exchange Bithumb has announced it will discontinue multichain support for Swell Network (SWELL), effectively suspending deposit and withdrawal services for the token on the Swell Chain. The decision follows the termination of the Swell Chain network service, prompting the exchange to adjust its infrastructure. Timeline and Scope of Changes According to Bithumb’s official notice, SWELL deposits and withdrawals via Swell Chain will be halted starting at 2:00 a.m. UTC on June 2. The move applies exclusively to transactions on the Swell Chain, meaning users may still be able to access SWELL through other supported networks, depending on Bithumb’s ongoing review. The exchange has not yet clarified whether it will add alternative chain support for SWELL or delist the token entirely. Why This Matters to Traders Swell Network is a liquid staking protocol built on Ethereum, and its native token SWELL has been traded on several exchanges. Bithumb’s decision to end multichain support on Swell Chain signals a shift in the exchange’s risk management and network compatibility strategy. For users holding SWELL on Bithumb, this means they must withdraw or transfer their tokens before the deadline to avoid potential fund lockups. After the suspension, deposits made via Swell Chain may not be credited, and withdrawals could fail. Impact on Market and User Confidence While the suspension is limited to one network, it underscores a broader trend among centralized exchanges reassessing multichain support amid security concerns and network instability. For Swell Network, losing support from a major Korean exchange could reduce liquidity and accessibility for Korean traders. Bithumb has not cited a specific reason for the termination, but similar decisions in the past have been linked to low transaction volumes, technical issues, or network sunsetting. Conclusion Bithumb’s termination of Swell Chain support for SWELL is a technical but consequential move for users of the exchange. With a clear deadline of June 2, affected traders should act promptly to manage their assets. The decision also reflects ongoing volatility in exchange-supported networks, reminding users to verify chain compatibility before depositing tokens. FAQs Q1: What is Bithumb changing regarding Swell Network? Bithumb is ending multichain support for SWELL on the Swell Chain, meaning deposits and withdrawals via that network will be suspended. Q2: When will the suspension take effect? The suspension begins at 2:00 a.m. UTC on June 2. Q3: Can I still trade SWELL on Bithumb after the deadline? Trading may still be possible if SWELL remains listed on other supported networks, but deposits and withdrawals on Swell Chain will be unavailable. Users should check Bithumb’s announcements for updates. This post Bithumb to End Multichain Support for Swell Network, Suspends Deposits and Withdrawals first appeared on BitcoinWorld .