Invest ideasNews
5 Jun 2026, 03:31
Top crypto price predictions: Zcash, Cardano, Pi Network
The crypto market remained on edge today, June 5, with Bitcoin and most altcoins being in the red. The valuation of all coins retreated by 1.68% in the last 24 hours to $2.1 trillion. This article provides a forecast for top tokens like Zcash (ZEC), Cardano (ADA), and Pi Network Coin (PI). Zcash price technical analysis Zcash price has slumped in the past few days, moving from a high of $685 on May 20th to the current $400. It has slumped in the past two consecutive days, erasing millions of dollars in value. This retreat happened as the privacy token formed a head-and-shoulders pattern, a common bearish reversal sign in technical analysis. It has slumped belows the Major S/R Pivot Point of the Murrey Math Lines tool. It is now hovering at the Strong, Pivot, Reverse level. The coin has already moved below the 50-day moving average, a sign that bears have prevailed. Also, the Average Directional Index (ADX) has continued to rise this week. Therefore, the token will likely continue falling as sellers target the psychological support at $300. However, on the positive side, it is likely forming the handle section of the cup-and-handle pattern, which normally leads to a rebound. Pi Network price chart | Source: TradingView Cardano price prediction Charles Hoskinson’s Cardano token remains under intense pressure this week as the crypto market crash intensifies. It dropped below the important support level at $0.2330, its lowest point in December 2022, June 12, and September 2023. Losing that support was a sign that bears have prevailed. The token has now crashed to a record low and has remained below the 50-day moving averages. Also, the momentum is accelerating amid the broader market weakness, while the coin has formed a head-and-shoulders pattern. Coupled with its weak fundamentals, where Cardano is widely seen as a ghost chain, we can predict that the token will continue falling. If this happens, it will drop below the key support level of $0.100. Cardano price chart | Source: TradingView Pi Network price prediction Pi Network, a top and viral cryptocurrency, has slumped in the past few months and is now is at its record low. While Pi has been slumping since its mainnet launch in February last year, the current phase of decline started in March after the Kraken listing . Data shows that this listing has not led to substantial demand from American investors. Other initiatives have also not worked out well. For example, the developers have continued to push network upgrades, which will lead to the launch of smart contracts. They also made some AI-focused upgrades and improvements this year. Pi Network price chart | Source: TradingView The chart shows that the Pi Network price has crashed below the Strong Pivot Reverse level of the Murrey Math Lines. It has also dropped below the 50-day moving average, while the Relative Strength Index has slumped. Therefore, the coin will likely continue moving downwards in the coming days, potentially to the key support level at $0.100. The post Top crypto price predictions: Zcash, Cardano, Pi Network appeared first on Invezz
5 Jun 2026, 03:28
Ethereum Price Downtrend May Not Be Over—Sub-$1,700 Levels Loom
Ethereum price started a fresh decline and traded below $1,750. ETH is now consolidating below $1,750 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,800. The price is trading below $1,780 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,820 zone. Ethereum Price Remains In Downtrend Ethereum price failed to remain stable above $1,840 and started a fresh decline, like Bitcoin . ETH price dipped below the $1,800 and $1,780 levels. The price even traded below $1,750. A low was formed at $1,715, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $1,888 swing high to the $1,715 low. There is also a bearish trend line forming with resistance at $1,750 on the hourly chart of ETH/USD. Ethereum price is now trading below $1,750 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,700, the price could attempt another increase. Immediate resistance is seen near the $1,750 level. The first key resistance is near the $1,800 level and the 50% Fib retracement level of the downward move from the $1,888 swing high to the $1,715 low. The next major resistance is near the $1,820 level. A clear move above the $1,820 resistance might send the price toward the $1,880 resistance. An upside break above the $1,880 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,920 resistance zone or even $1,965 in the near term. Downside Continuation In ETH? If Ethereum fails to clear the $1,880 resistance, it could start a fresh decline. Initial support on the downside is near the $1,715 level. The first major support sits near the $1,680 zone. A clear move below the $1,680 support might push the price toward the $1,650 support. Any more losses might send the price toward the $1,625 region. The main support could be $1,600. 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 – $1,715 Major Resistance Level – $1,880
5 Jun 2026, 03:15
Crypto Whale Loses $910K on HYPE Long After $46.5M Short Loss
BitcoinWorld Crypto Whale Loses $910K on HYPE Long After $46.5M Short Loss A cryptocurrency whale, identified by the wallet address beginning with 0x8def, has incurred a fresh loss of approximately $910,000 after opening a long position on Hyperliquid (HYPE). This latest setback follows a previous loss of $46.46 million from shorting the same token, according to data from blockchain analytics firm Lookonchain. Whale’s Current Portfolio and Losses The address currently holds long positions across seven different cryptocurrencies, including HYPE, Worldcoin (WLD), Zcash (ZEC), Toncoin (TON), ASTER, Monero (XMR), and NEAR Protocol (NEAR). Lookonchain reports that the total unrealized losses across this portfolio now exceed $3 million. The whale’s strategy of shifting from a short to a long position on HYPE appears to have backfired amid ongoing market volatility. Context and Market Implications This case underscores the extreme risks associated with high-leverage trading on platforms like Hyperliquid, a decentralized exchange known for its perpetual futures markets. The whale’s initial $46.5 million short loss was one of the largest single-wallet losses reported on the platform this year. The subsequent flip to a long position, which has also turned negative, highlights the difficulty of timing the market even for well-capitalized traders. What This Means for Retail Traders While the losses are staggering in absolute terms, they serve as a cautionary example for smaller traders. High-leverage positions amplify both gains and losses, and even sophisticated whales are not immune to significant drawdowns. The incident reinforces the importance of risk management, position sizing, and the dangers of revenge trading—where a trader tries to recover losses by doubling down on a new position. Conclusion The whale’s consecutive losses on HYPE—first a $46.5 million short, then a $910,000 long—illustrate the unpredictable nature of cryptocurrency markets and the high stakes involved in leveraged trading. As the market continues to fluctuate, this address’s portfolio will be closely watched by the crypto community as a real-time case study in leverage risk. FAQs Q1: Who is the whale that lost money on HYPE? The whale is an anonymous trader identified by the wallet address starting with 0x8def. Their identity is unknown. Q2: How much did the whale lose in total? The whale lost $46.46 million on a short position and an additional $910,000 on a long position, totaling over $47 million in realized losses on HYPE alone. Unrealized losses across other holdings exceed $3 million. Q3: What is Hyperliquid (HYPE)? Hyperliquid is a decentralized exchange offering perpetual futures trading with high leverage. HYPE is its native token, used for trading and governance on the platform. This post Crypto Whale Loses $910K on HYPE Long After $46.5M Short Loss first appeared on BitcoinWorld .
5 Jun 2026, 03:10
BitForex Founder Garrett Jin Nets $13.5M Unrealized Profit on ZEC Short Amid Exchange Fraud Allegations
BitcoinWorld BitForex Founder Garrett Jin Nets $13.5M Unrealized Profit on ZEC Short Amid Exchange Fraud Allegations Garrett Jin, the founder of the now-defunct and fraud-accused cryptocurrency exchange BitForex, has accumulated over $13.5 million in unrealized profits from a leveraged short position on Zcash (ZEC), according to data from on-chain analytics firm Onchain Lens. The trade, executed on the decentralized exchange Hyperliquid (HYPE), comes as ZEC’s price dropped following the discovery of a bug in its Orchard Pool privacy protocol. Details of the Trade Onchain Lens reports that Jin opened a 3x leveraged short position on ZEC, betting that the token’s price would decline. The timing of the trade appears strategic, coinciding with a price slump triggered by the Orchard Pool vulnerability, which raised concerns about network security and user privacy. As of the latest data, the position is showing an unrealized profit of approximately $13.5 million, reflecting the sharp downward movement in ZEC’s market value. In a contrasting move, Jin also holds a 5x leveraged long position on Bitcoin (BTC). This trade, however, has not fared as well. The long position is currently underwater, showing an unrealized loss exceeding $17 million. The divergence in performance highlights the high-risk nature of leveraged trading, even for experienced market participants. Context: BitForex’s Collapse and Fraud Allegations Garrett Jin’s trading activities come against the backdrop of BitForex’s dramatic collapse. The exchange, once a prominent player in the crypto trading space, was accused of operating a fraudulent scheme that allegedly misappropriated user funds. Multiple regulatory bodies, including authorities in Hong Kong and Japan, have issued warnings and initiated investigations into the platform. The exchange’s withdrawal functions were frozen in early 2024, leaving thousands of users unable to access their assets. Jin’s current trading on Hyperliquid is notable because it demonstrates that despite the legal and reputational damage surrounding BitForex, he remains actively engaged in the cryptocurrency markets. The use of a decentralized exchange like Hyperliquid allows for trading without the need for a centralized intermediary, which may offer a degree of anonymity and resistance to asset seizure. Market Implications and Reader Takeaways This story underscores several critical themes for cryptocurrency investors and observers: – **Risk of Leverage**: The stark contrast between Jin’s profitable ZEC short and his losing BTC long illustrates the extreme volatility and risk inherent in leveraged trading. A single wrong bet can wipe out gains and lead to substantial losses. – **Exchange Failures**: The BitForex case serves as a cautionary tale about the risks of storing funds on centralized exchanges. Users are reminded to exercise due diligence and consider self-custody of their assets. – **On-Chain Transparency**: The ability of on-chain analytics firms to track the trading activities of known individuals, even on decentralized platforms, demonstrates the growing transparency of the blockchain. This can be a powerful tool for accountability. – **Privacy Coin Vulnerabilities**: The Orchard Pool bug in Zcash highlights the ongoing technical challenges faced by privacy-focused cryptocurrencies. Such vulnerabilities can have immediate and significant impacts on market prices. Conclusion Garrett Jin’s $13.5 million unrealized profit from a ZEC short position, set against his substantial BTC long losses, paints a picture of a high-stakes trader navigating a turbulent market. While the financial outcome of these positions remains uncertain, the story provides a real-time example of leveraged trading dynamics and the enduring consequences of the BitForex scandal. For the broader crypto community, it serves as a reminder of the importance of risk management, platform security, and the value of on-chain transparency. FAQs Q1: Who is Garrett Jin? Garrett Jin is the founder of BitForex, a cryptocurrency exchange that collapsed in 2024 amid allegations of fraud and the misappropriation of user funds. He is currently under investigation by multiple regulatory bodies. Q2: What is a short position? A short position is a trading strategy where an investor borrows an asset and sells it, hoping to buy it back later at a lower price to profit from a price decline. It is the opposite of a long position, where the investor profits from a price increase. Q3: What is Hyperliquid (HYPE)? Hyperliquid is a decentralized exchange (DEX) built on the Ethereum layer-2 network, Arbitrum. It offers spot and perpetual futures trading with high leverage, allowing users to trade without a centralized intermediary. This post BitForex Founder Garrett Jin Nets $13.5M Unrealized Profit on ZEC Short Amid Exchange Fraud Allegations first appeared on BitcoinWorld .
5 Jun 2026, 03:05
New Zealand Dollar Slides as US Tariff Threats Resurface
BitcoinWorld New Zealand Dollar Slides as US Tariff Threats Resurface The New Zealand Dollar (NZD) has experienced a notable decline against major currencies, particularly the US Dollar (USD), as renewed threats of US tariffs on imported goods stoke uncertainty in global trade markets. The currency’s weakness reflects growing investor caution over potential trade barriers that could impact New Zealand’s export-driven economy. Trade Tensions Weigh on Kiwi The NZD, often referred to as the Kiwi, has been under pressure since reports emerged that the US administration is considering additional tariffs on a range of imports, including agricultural products. New Zealand, which relies heavily on exports such as dairy, meat, and wine to markets including the US, is particularly vulnerable to such measures. Market participants have responded by reducing exposure to risk-sensitive currencies like the NZD, favoring safe-haven assets such as the US Dollar and gold. The NZD/USD pair has fallen below key support levels, trading near multi-week lows as traders assess the likelihood of a full-blown trade dispute. Impact on New Zealand Economy and Trade New Zealand’s export sector, which accounts for a significant portion of GDP, faces direct headwinds if tariffs are implemented. Dairy products, New Zealand’s largest export category, could face higher costs in the US market, potentially reducing demand and squeezing margins for local producers. Beyond direct trade effects, the threat of tariffs also weighs on business confidence and investment decisions. The Reserve Bank of New Zealand (RBNZ) has noted that trade policy uncertainty is a key risk to the economic outlook, and a prolonged period of tension could delay interest rate adjustments. What This Means for Traders and Investors For forex traders, the NZD’s decline presents both risks and opportunities. The currency’s weakness against the USD may continue if trade rhetoric escalates, but any signs of de-escalation could trigger a sharp rebound. Investors with exposure to New Zealand assets should monitor trade policy developments closely. Importers in New Zealand may benefit from a weaker NZD in the short term, but the broader economic drag from reduced export revenue could offset those gains over time. The situation underscores the interconnectedness of global trade policy and currency markets. Conclusion The New Zealand Dollar’s decline in the face of US tariff threats highlights the currency’s sensitivity to global trade dynamics. While the immediate market reaction has been negative, the longer-term trajectory will depend on whether the threats materialize into concrete policy action. For now, the Kiwi remains under pressure, and market participants are watching for any new developments from Washington and Wellington. FAQs Q1: Why is the New Zealand Dollar falling? The NZD is declining due to renewed US tariff threats, which create uncertainty for New Zealand’s export-driven economy and reduce investor appetite for risk-sensitive currencies. Q2: How do US tariffs affect the NZD? Tariffs on New Zealand exports, especially agricultural goods, could reduce demand and revenue, weakening the economy and putting downward pressure on the currency. Q3: What should forex traders watch for next? Traders should monitor official statements from the US Trade Representative and the Reserve Bank of New Zealand, as well as any trade negotiation developments, for clues on the NZD’s direction. This post New Zealand Dollar Slides as US Tariff Threats Resurface first appeared on BitcoinWorld .
5 Jun 2026, 03:00
Why TRON’s $43mln whale withdrawal matters for TRX traders
TRX approached key support as whale accumulation clashed with growing bearish sentiment.
