hodler

10 Jun 2026, 03:48

Ethereum Price Looks Vulnerable Again After A Failed Recovery Attempt

Ethereum price started a downside correction from $1,720. ETH must clear the $1,670 and $1,700 resistance levels to continue higher. Ethereum started a downside correction below the $1,620 zone. The price is trading below $1,665 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $1,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,680 zone. Ethereum Price Resumes Decline Ethereum price failed to stay above the $1,700 zone and extended its decline, like Bitcoin . ETH price gained pace for a move below the $1,680 and $1,665 levels. There was a break below a bullish trend line with support at $1,700 on the hourly chart of ETH/USD. The bears pushed the price below the 38.2% Fib retracement level of the upward move from the $1,505 swing low to the $1,719 high. However, the bulls were active near the $1,610 level. Ethereum price is now trading below $1,680 and the 100-hourly Simple Moving Average . If the bulls remain in action above $1,610, the price could attempt another increase. Immediate resistance is seen near the $1,665 level. The first key resistance is near the $1,680 level. The next major resistance is near the $1,710 level. A clear move above the $1,710 resistance might send the price toward the $1,750 resistance. An upside break above the $1,750 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,840 resistance zone or even $1,850 in the near term. Downside Continuation In ETH? If Ethereum fails to clear the $1,710 resistance, it could start a fresh decline. Initial support on the downside is near the $1,610 level. The first major support sits near the $1,585 zone or the 61.8% Fib retracement level of the upward move from the $1,505 swing low to the $1,719 high. A clear move below the $1,585 support might push the price toward the $1,550 support. Any more losses might send the price toward the $1,520 region. The main support could be $1,500. 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 – $1,550 Major Resistance Level – $1,710

10 Jun 2026, 03:46

XRP Activity and Investor Capitulation Hit Extremes: What It Means for Ripple

On-chain analytics firm Glassnode has reported a sharp deterioration in key XRP network metrics, pointing to weakening activity and mounting pressure on holders. Recent data shows both transaction demand and realized profitability have fallen significantly despite the token trading well above its 2024 levels. The decline in holder profitability is particularly evident in Glassnode’s latest realized profit-and-loss data. According to the firm, the 90-day simple moving average of XRP’s Realized Profit-to-Loss Ratio has dropped to 0.38. This indicates that market participants are realizing only 38 cents in profits for every dollar of losses recorded on-chain. Profitability Ratio Signals Deep Stress The profitability metric remains well below the breakeven level of 1.0, a threshold that separates net profit-taking from net loss realization. During strong bull market phases, the ratio often rises far above 20 or even 50 as profitable selling dominates network activity. The latest reading suggests a very different market environment, with loss-taking outweighing profit-taking by a wide margin. The analytics firm noted that such low levels are commonly associated with capitulation periods. In these phases, a large share of transacted coins belong to holders exiting positions at a loss. Signs of weakness are also emerging in broader network activity . Glassnode reported that the 90-day simple moving average of total transaction fees on the XRP Ledger has fallen significantly. It dropped from 5,900 XRP in February 2025 to approximately 500 XRP today, a decline of more than 91% over the period. Ecosystem Under Persistent Pressure The recent figures reinforce concerns highlighted by Glassnode in late 2025 regarding the condition of XRP holders. In November of that year, the firm reported that only 58.5% of the circulating supply remained in profit. Those concerns were reflected in earlier market conditions. That figure marked the lowest percentage recorded since November 2024, when XRP traded near $0.53. At the time, roughly 41.5% of the supply, equivalent to about 26.5 billion XRP, was held at a loss despite the token trading around $2.15. Together, the declining profitability metrics and reduced network activity suggest continued stress across the XRP ecosystem. The data indicates that a significant portion of holders remain under pressure while transaction demand stays well below previous cycle highs. The post XRP Activity and Investor Capitulation Hit Extremes: What It Means for Ripple appeared first on CryptoPotato .

10 Jun 2026, 03:45

WTI Holds Near $87.50 as Market Digests Fresh Supply Disruption Risks

BitcoinWorld WTI Holds Near $87.50 as Market Digests Fresh Supply Disruption Risks West Texas Intermediate (WTI) crude oil futures steadied around the $87.50 per barrel mark on Tuesday, as traders weighed a fresh wave of supply disruption fears against persistent concerns about global demand growth. The price consolidation follows a volatile session driven by geopolitical developments and shifting expectations around OPEC+ production policy. Supply Risks Re-enter the Spotlight The renewed supply concerns stem from a combination of factors, including escalating tensions in key oil-producing regions and unplanned production outages. Market participants are closely monitoring the situation in the Middle East, where recent events have raised the risk of supply bottlenecks. Additionally, reports of maintenance-related shutdowns in some non-OPEC producing countries have added a layer of uncertainty to the near-term supply outlook. Demand Side Remains a Counterweight Despite the upward pressure from supply risks, the rally in WTI has been capped by lingering doubts about the strength of global oil demand. Economic data from major consuming nations, particularly China and parts of Europe, continues to paint a mixed picture. Slower-than-expected industrial activity and a cautious outlook for fuel consumption have prevented a more decisive breakout above the $88 resistance level. OPEC+ Strategy Under Scrutiny The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are scheduled to meet in the coming weeks to review their production strategy. Traders are speculating whether the group will adjust its output quotas in response to the evolving supply-demand balance. Any signal of a potential production increase could quickly reverse the current price stability, while a decision to maintain or deepen cuts would likely provide further support. Conclusion WTI crude oil is currently caught between two powerful forces: supply disruption risks that push prices higher, and demand-side headwinds that limit upside potential. The $87.50 level represents a key equilibrium point as the market awaits clearer signals from both geopolitical developments and OPEC+ policy decisions. Traders should remain alert to sudden shifts in sentiment, as the balance remains fragile. FAQs Q1: What is driving the current stability in WTI prices around $87.50? The price stability reflects a tug-of-war between renewed supply disruption risks and ongoing concerns about global oil demand. Geopolitical tensions and production outages support prices, while weak economic data from major consumers caps gains. Q2: How might OPEC+ decisions affect WTI in the near term? OPEC+ is expected to review its production strategy soon. If the group decides to maintain or deepen current output cuts, it would likely push prices higher. Conversely, a decision to increase production could trigger a sell-off. Q3: What are the main supply risks currently affecting the oil market? Key supply risks include geopolitical tensions in the Middle East, unplanned maintenance outages in non-OPEC producing countries, and potential disruptions to shipping routes in critical chokepoints. This post WTI Holds Near $87.50 as Market Digests Fresh Supply Disruption Risks first appeared on BitcoinWorld .

10 Jun 2026, 03:30

SpaceX Exposure Comes To Bybit Through New Tokenized Product – Details

Bybit users who subscribe to the exchange’s new IPO Express product and receive an allocation may be in for a surprise: if the final offering price comes in within 20% of the indicative price they agreed to, their order gets executed automatically, without any additional confirmation required. Related Reading: Security Milestone: XRP Lending Protocol Completes Military-Grade Assessment Launched June 7, IPO Express lets eligible Bybit users subscribe to tokenized representations of IPO shares at the offering price, with SpaceX as its first listing under the token ticker SPCX. Subscriptions run through June 11, with spot trading scheduled to open June 12. What The Token Actually Gives You The product is built on Payward Services’ xStocks platform — Payward being the parent company of Kraken, which has separately opened SpaceX IPO access to retail clients in over 110 countries through the same infrastructure. Each token is backed 1:1 by actual SpaceX equity held in regulated broker-dealer custody, which sets it apart from the synthetic pre-IPO perpetual contracts that Hyperliquid and Binance list, where no underlying shares change hands. But owning SPCX does not make someone a SpaceX shareholder. According to Bybit’s published terms, the tokens confer no voting rights, no dividend rights, and no direct legal or beneficial ownership in SpaceX equity. Holders have no claim against SpaceX itself. What they get is exposure to the economic performance of the share price — and nothing beyond that. Not Everyone Can Get In Access is restricted in two ways. First, the product is limited to Bybit users who have reached VIP or PRO tier status, a threshold typically tied to trading volume or asset holdings, in addition to completing identity verification. Second, the offering is entirely off-limits to residents of the European Economic Area, covering all 27 EU member states plus Iceland, Liechtenstein, and Norway. Bybit states it holds no license or authorization under MiCA or any applicable EEA financial services regime for this product. The exclusion is notable given that SpaceX’s IPO has already shut out investors in mainland China and Hong Kong under US International Traffic in Arms Regulations. The tokenized access path that was positioned as a workaround carries its own exclusions. SpaceX’s IPO has drawn approximately $150 billion in demand against a $75 billion raise, meaning even VIP-tier subscribers who qualify may receive partial allocations. Related Reading: Has The Bitcoin Price Crash Ended Or Is This Just The Beginning? Analyst Answers Funds are frozen from the moment a subscription order is submitted until results are announced, or up to five business days if the event is cancelled. What Comes After SpaceX Bybit’s announcement positions IPO Express as a recurring platform, not a one-time product. Reports indicate that subsequent major IPOs — including potentially OpenAI and Anthropic — could see similar tokenized access products rolled out through Bybit, Kraken, and other xStocks-based platforms. Featured image from Pexels, chart from TradingView

10 Jun 2026, 03:25

Crypto Futures Liquidations Surpass $208 Million as Long Positions Take Heavy Losses

BitcoinWorld Crypto Futures Liquidations Surpass $208 Million as Long Positions Take Heavy Losses The cryptocurrency derivatives market experienced a significant shakeout over the past 24 hours, with total liquidation volumes across major perpetual futures contracts exceeding $208 million. Data shows that long position holders bore the brunt of the losses, accounting for the majority of forced closures across Bitcoin, Ethereum, and gold-backed tokens. Bitcoin Leads Liquidation Activity Bitcoin perpetual futures saw approximately $120 million in liquidations, with long positions representing 72.57% of the total. This indicates that traders who were betting on price increases were caught off guard by a sudden downward move. The concentration of long liquidations suggests that market sentiment had been overly bullish heading into the session, leaving positions vulnerable to a sharp correction. Ethereum followed closely behind, with $77.12 million in liquidations. Long positions accounted for 70.59% of that figure, reinforcing a pattern of leveraged bullish bets being unwound across the two largest cryptocurrencies by market capitalization. Gold-Backed Tokens Also Hit Interestingly, gold-backed token futures (XAU) recorded $11.5 million in liquidations, with an overwhelming 93.26% coming from long positions. This suggests that even traditionally safe-haven assets are not immune to the current volatility, and that traders may have been overconfident in their bullish outlook on gold-linked crypto products. What This Means for Traders Liquidation events of this magnitude often signal a shift in market momentum. When a large volume of long positions is forcibly closed, it can accelerate downward price movement as selling pressure intensifies. For traders, this serves as a reminder of the risks associated with high leverage in perpetual futures markets. The data also highlights the importance of monitoring funding rates and open interest levels. Elevated long positioning, as seen in the 70%+ long ratios, often precedes sharp reversals when the market fails to sustain upward momentum. Market Context and Outlook The broader cryptocurrency market has been navigating a period of uncertainty, influenced by macroeconomic factors including interest rate expectations and regulatory developments. While liquidations are a routine part of futures trading, the concentration of long positions being wiped out suggests that many market participants were positioned for a rally that did not materialize. Going forward, traders should watch for signs of capitulation or a potential bounce. Large liquidation events can sometimes create opportunities for contrarian entries, but they also increase the risk of further downside if the selling pressure continues. Conclusion The past 24 hours have been costly for bullish crypto futures traders, with over $208 million in liquidations concentrated in long positions. Bitcoin and Ethereum accounted for the bulk of the activity, while gold-backed tokens also saw significant losses. The event underscores the inherent volatility and risk in leveraged cryptocurrency trading, and serves as a data point for market participants assessing near-term direction. FAQs Q1: What are crypto futures liquidations? Liquidations occur when a trader’s position is forcibly closed by an exchange because the margin balance falls below the required maintenance level, typically due to adverse price movements. Q2: Why were long positions hit harder than shorts? The data shows that a large majority of open positions were long, meaning traders were betting on prices rising. When prices moved downward, those leveraged long positions were liquidated at a higher rate than shorts. Q3: Do large liquidations always lead to further price drops? Not necessarily. While large liquidations can create short-term selling pressure, they can also clear out excess leverage and sometimes mark a local bottom, after which prices may stabilize or reverse. This post Crypto Futures Liquidations Surpass $208 Million as Long Positions Take Heavy Losses first appeared on BitcoinWorld .

10 Jun 2026, 03:20

China CPI Inflation Misses Expectations in May: What the 1.2% Reading Means for the Australian Dollar

BitcoinWorld China CPI Inflation Misses Expectations in May: What the 1.2% Reading Means for the Australian Dollar China’s consumer price index (CPI) rose 1.2% year-on-year in May, falling short of market expectations and signaling that deflationary pressures persist in the world’s second-largest economy. The data, released by the National Bureau of Statistics, missed the consensus forecast of 1.5% and marked a slight slowdown from April’s 1.3% reading. Why the Miss Matters The weaker-than-expected inflation figure underscores ongoing concerns about domestic demand in China, as consumer spending remains tepid despite policy support. Core CPI, which excludes volatile food and energy prices, rose just 0.6% year-on-year, highlighting subdued underlying price pressures. For currency markets, the miss has direct implications. The Australian Dollar (AUD) is often viewed as a proxy for China’s economic health due to Australia’s heavy reliance on exports of iron ore, coal, and other commodities to China. A weaker Chinese inflation reading suggests softer demand, which can weigh on commodity prices and, in turn, pressure the AUD. Market Reaction and AUD/USD Outlook Following the data release, the AUD/USD pair slipped modestly, trading around 0.6650 as of late Asian session. The move reflects investor caution about China’s growth trajectory and its potential spillover effects on Australia’s trade balance. Analysts at several major banks have noted that the persistent disinflation in China reduces the urgency for the People’s Bank of China (PBOC) to tighten policy, but also raises the risk of further monetary easing. Any PBOC rate cuts or liquidity injections could further weaken the yuan, adding indirect pressure on the Australian Dollar through the yuan-AUD correlation. Broader Implications for Traders The CPI miss comes at a time when global markets are already pricing in a divergence between the Federal Reserve’s hawkish stance and the PBOC’s accommodative posture. For AUD/USD traders, the key levels to watch are support at 0.6600 and resistance near 0.6700. A sustained break below 0.6600 could open the door to further downside, especially if upcoming Chinese industrial production and retail sales data also disappoint. It is worth noting that while the headline CPI missed, food prices rose 2.3% year-on-year, driven by higher pork costs, which may provide some floor to overall inflation. However, the broader trend remains one of weak consumer confidence and excess industrial capacity. Conclusion China’s May CPI inflation miss reinforces the narrative of a sluggish domestic recovery, with direct consequences for the Australian Dollar. While the immediate market reaction has been measured, the data adds to the case for a softer AUD in the near term unless Chinese stimulus measures surprise to the upside. Traders should monitor upcoming Chinese economic data and PBOC policy signals for further direction. FAQs Q1: Why does China’s CPI affect the Australian Dollar? Australia’s economy is closely tied to China through commodity exports. Weaker Chinese inflation often signals lower demand, which can reduce commodity prices and hurt the Australian Dollar. Q2: What was the market expectation for China’s May CPI? Economists had forecast a 1.5% year-on-year increase, compared to the actual 1.2% reading. Q3: Could the PBOC cut interest rates after this data? While not guaranteed, the persistent disinflation increases the likelihood of further monetary easing, such as a cut to the loan prime rate or reserve requirement ratio, to stimulate demand. This post China CPI Inflation Misses Expectations in May: What the 1.2% Reading Means for the Australian Dollar first appeared on BitcoinWorld .