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3 Jun 2026, 23:03
Bitcoin falls to $65,426 with market eyeing $60,000 risk

🚨 Bitcoin stumbles to $65,426 as traders watch $60,000 for signs of new support. 📉 Liquidations, ETF outflows and technical losses are driving $BTC down. ⚠️ Market nerves run high as geopolitical tensions add to uncertainty. Continue Reading: Bitcoin falls to $65,426 with market eyeing $60,000 risk The post Bitcoin falls to $65,426 with market eyeing $60,000 risk appeared first on COINTURK NEWS .
3 Jun 2026, 22:30
Solana Explosive Growth Pushes Its Monthly Perps Volume Beyond Prior Records

In the face of heightened bearish performance and volatility, Solana is showing notable strength in the derivatives market. While SOL’s price has fallen sharply lately, bullish momentum is returning, and the monthly perpetual futures volume is experiencing one of its most significant growths ever. Monthly Perps Volume on Solana Surges Past Previous Peak Solana is experiencing sharp growth in some crucial areas even while the altcoin has fallen strongly, with its price retesting the $75 support level. In areas such as the derivatives market, SOL has reached a new landmark, breaking past previous record levels in monthly perpetual futures volume. David Alexander, a crypto pundit, reported that SOL has shattered its previous monthly perpetual futures volume record by processing over $76.7 billion in May 2026 alone. This figure represents approximately 34% increase above the previous high of $57 billion set in November 2025. The spike indicates a significant uptick in speculative activity and trader engagement throughout the Solana ecosystem, highlighting the network’s expanding impact on the cryptocurrency trading space. After this notable growth, the perps volume is now showing a 97% rise in month-over-month. A rise to a new high in this metric is typically seen as an indication of heightened market interest, more liquidity, and more active participation from institutional and retail players. “Perhaps more interestingly, is what’s being built underneath,” Alexander stated. As the market evolves, perps are quietly becoming one of the most important financial primitives, both within the on-chain economy and extending into the legacy financial system. Currently, the battle for dominance has become more intense than ever before. Meanwhile, Solana is portraying itself as the only network with actual price discovery powered by two-sided flow and 100% on-chain execution, as opposed to off-chain or synthetic matching. This implies that each order, oracle update, match, cancellation, and settlement occurs on-chain. However, SOL perps in the next generation are resolutely designed to route revenue back to the network at the protocol level from launch. A Massive Surge In Stablecoin Activity On The SOL Network The Solana network is receiving fresh attention due to a significant increase in stablecoin activity, which highlights its expanding role as a hub for on-chain liquidity and digital finance transactions. Zensei, a market researcher, stated that the network’s stablecoin activity continues to operate at a scale most networks can only dream of. In a one-week time frame, the SOL network processed over $79.9 billion in stablecoin transaction volume. Billions of dollars are seen being moved within the network every single day, indicating robust network health and economic participation . “When people choose to move money on-chain, the numbers keep showing they choose Solana,” Zensei added. Users increasingly turning to SOL for payments, trading, and Decentralized Finance (DeFi) points to rising interest and demand for fast and low-cost transfers, which the network seems to offer.
3 Jun 2026, 22:10
Bitmine Immersion to issue $300M preferred stock to fund ETH & buyback plan

More on Bitmine Immersion Technologies Bitmine Immersion: An Ethereum Treasury Trading Below Its Own Assets Bitmine Immersion: Ethereum Pivot Driving Hidden Upside Bitmine Immersion: Unlocking Staking Rewards 5 of 7 proxy stocks trail BTC's 12% fall: Investors piled into these 6 miner stocks Bitmine's 26.5K Ethereum purchase vs. bearish chart: Is market not convinced?
3 Jun 2026, 22:10
Crypto Futures Liquidations Surge: $160 Million Wiped Out in One Hour

BitcoinWorld Crypto Futures Liquidations Surge: $160 Million Wiped Out in One Hour The cryptocurrency market experienced a sharp sell-off in the past hour, triggering over $160 million in futures liquidations across major exchanges. Data from leading tracking platforms shows that total liquidations over the last 24 hours have now surpassed $1.12 billion, marking one of the most intense deleveraging events in recent weeks. What Triggered the Liquidations? The cascade of liquidations appears to have been sparked by a sudden drop in Bitcoin’s price, which fell below key support levels. As leveraged long positions were automatically closed by exchanges, the selling pressure intensified, creating a feedback loop that accelerated the decline. Ethereum and other major altcoins followed suit, with double-digit percentage losses on some trading pairs. According to publicly available data from major exchanges including Binance, Bybit, and OKX, the majority of liquidations were long positions, indicating that traders were caught off guard by the speed of the downturn. Open interest across futures markets also declined sharply, suggesting a broad reduction in risk appetite. Market Implications and Context This liquidation event comes at a time when the broader crypto market has been showing signs of fragility. Trading volumes have been relatively low compared to earlier in the year, and regulatory uncertainty continues to weigh on sentiment. The sudden spike in liquidations highlights the risks inherent in leveraged trading, particularly in a market known for its volatility. For retail and institutional traders alike, such events serve as a reminder of the importance of risk management. While leveraged positions can amplify gains, they also expose traders to the possibility of rapid and total loss when the market moves against them. What Should Traders Watch Next? Market participants are now closely monitoring whether the selling pressure will continue or if a recovery will take hold. Key levels to watch include Bitcoin’s ability to reclaim its previous support zone, as well as funding rates across perpetual futures contracts. Negative funding rates, which indicate that shorts are paying longs, could signal that the market is oversold and due for a bounce. Additionally, on-chain data such as exchange inflows and whale activity may provide further clues about the direction of the next move. Historically, sharp liquidation events have sometimes marked local bottoms, but there is no guarantee that this pattern will repeat. Conclusion The $160 million in hourly liquidations and $1.12 billion in 24-hour liquidations represent a significant market event. While such volatility is not uncommon in cryptocurrency markets, the scale of the deleveraging underscores the risks associated with high leverage. Traders should remain cautious and prioritize capital preservation during periods of heightened uncertainty. FAQs Q1: What is a futures liquidation? A futures liquidation occurs when a trader’s position is automatically closed by an exchange because the margin balance has fallen below the required maintenance level. This typically happens when the market moves sharply against the position. Q2: Why do liquidations cause more selling? When positions are liquidated, the exchange sells the underlying asset to cover the loss. This selling pressure can push prices lower, triggering further liquidations in a cascading effect known as a ‘liquidation cascade.’ Q3: How can traders protect themselves from liquidation? Traders can reduce liquidation risk by using lower leverage, setting stop-loss orders, maintaining sufficient margin, and avoiding overconcentration in a single position. Proper risk management is essential in volatile markets. This post Crypto Futures Liquidations Surge: $160 Million Wiped Out in One Hour first appeared on BitcoinWorld .
3 Jun 2026, 22:05
British Pound: Rate Risks Favor Sterling Over Euro, Says MUFG

BitcoinWorld British Pound: Rate Risks Favor Sterling Over Euro, Says MUFG The British Pound is likely to retain a tactical advantage over the Euro in the near term, supported by diverging interest rate expectations between the Bank of England and the European Central Bank, according to analysts at MUFG. Interest Rate Divergence Underpins Sterling MUFG’s latest currency note highlights that the balance of rate risks continues to favor the Pound. While both central banks are navigating inflationary pressures, the market currently prices a higher terminal rate for the BoE compared to the ECB. This gap provides a structural underpinning for GBP/USD and, more notably, for EUR/GBP positioning. The analysis comes as the UK economy shows signs of stubborn inflation in the services sector, while Eurozone growth remains sluggish. MUFG strategists argue that any upside surprises in UK wage or CPI data would reinforce the case for BoE restraint, further boosting Sterling. Market Positioning and Technical Levels From a technical perspective, EUR/GBP has been testing support near the 0.8550 level. A break below this zone could accelerate losses toward 0.8500, according to MUFG. Conversely, resistance is seen around 0.8650, where the pair would need a clear catalyst—such as a more hawkish ECB shift—to reverse the current trend. The report also notes that speculative positioning in the futures market has turned increasingly net-long GBP, reflecting growing conviction among hedge funds and asset managers that Sterling’s yield advantage will persist. What This Means for Traders and Businesses For forex traders, the MUFG analysis suggests that shorting EUR/GBP remains a viable carry trade, given the positive rate differential. For UK importers and exporters, a stronger Pound reduces the cost of Euro-denominated imports but pressures export competitiveness in the Eurozone. Businesses with cross-border exposure should monitor BoE and ECB communication closely for any shifts in forward guidance. Conclusion MUFG’s assessment reinforces the view that the British Pound is currently better positioned than the Euro, driven by interest rate dynamics. However, the outlook remains conditional on upcoming inflation data and central bank rhetoric. Traders should treat the current Sterling strength as a tactical opportunity rather than a structural trend until clearer policy signals emerge from both the BoE and the ECB. FAQs Q1: Why does MUFG believe the British Pound will outperform the Euro? MUFG cites diverging interest rate risks, with the market pricing a higher terminal rate for the Bank of England compared to the European Central Bank. This yield gap supports GBP demand against EUR. Q2: What is the key level to watch in EUR/GBP? The 0.8550 support level is critical. A sustained break below this could lead to further declines toward 0.8500. Resistance is seen near 0.8650. Q3: How should businesses hedge GBP/EUR exposure given this outlook? Businesses with Euro payables may consider locking in current favorable GBP rates through forward contracts. Exporters to the Eurozone should assess the impact on margins and consider options strategies to manage downside risk if Sterling strengthens further. This post British Pound: Rate Risks Favor Sterling Over Euro, Says MUFG first appeared on BitcoinWorld .
3 Jun 2026, 22:00
‘Coldest Crypto Winter Ever’: Bloomberg’s Weisenthal Lists 12 Reasons

Bloomberg’s Joe Weisenthal has revived and expanded his argument that crypto is stuck in what he calls the “coldest crypto winter ever,” pointing to a 12-part case that goes beyond price action and into market psychology, capital rotation, regulation, AI and quantum computing. Writing in his Odd Lots newsletter and sharing the piece on X, Weisenthal said he had previously laid out 10 reasons in February for why the current downturn felt unusually punishing. “Well everything I cited then still holds,” he wrote, adding that two more factors have since made the backdrop look even worse. Crypto’s Problem Is No Longer Just Crypto The core of Weisenthal’s argument is that crypto’s weakness is taking place at a time when other speculative corners of the market are doing exceptionally well. That contrast matters. A bear market is one thing when risk assets are broadly under pressure; it is another when investors are watching adjacent trades explode higher. Related Reading: Crypto In 401(k)s: Senators Sanders, Warren Letter Warns $14 Trillion At Risk From DOL Proposal One chart cited in the newsletter showed the Goldman Sachs non-profitable tech basket climbing sharply again, with Kevin Gordon, head of macro research and strategy at the Schwab Center for Financial Research, noting that the basket is “mooning again” in a way that resembles the 2021 boom. Another chart highlighted the Goldman Sachs US quantum computing basket, which has also moved materially higher after a dramatic rally. For Weisenthal, that makes crypto’s malaise more painful. “First, other people are making SO MUCH MONEY,” he wrote, pointing to listed Nasdaq names and other equities that have surged in recent months. He specifically cited SK Hynix as up more than 250% year to date and Micron as up more than 260%, arguing that such gains intensify the feeling that crypto participants are missing the market’s main action. He framed the mood with a reference to a famous New York Times headline: “Everyone Is Getting Hilariously Rich and You’re Not.” The Original 10-Point Case Weisenthal’s February argument, as summarized in the newsletter, was that the drawdown is occurring during rising anxiety about the dollar, removing one of crypto’s traditional macro narratives. He also argued that crypto can no longer plausibly rely on the idea that it is “so early,” while “crypto twitter is dead” and institutional adoption has already happened, reducing the expectation of a future adoption wave. The regulatory backdrop, in his view, is also no longer an obvious future tailwind. He wrote that the environment is already “about as favorable as it gets,” implying that market participants may have less room to price in a major policy-driven reprieve. Related Reading: $12.6 Trillion Schwab Targets Mid-2027 Crypto Trading Rollout For Advisors Another factor is competition for attention and resources from artificial intelligence. Weisenthal said the AI boom is crowding out access to electricity, which matters directly for miners, while also taking “all the mental market share.” In his framing, crypto no longer looks like the obvious frontier trade for technology-minded investors. The list also included darker reputational and structural concerns. Weisenthal wrote that crypto is “Epstein-adjacent,” citing its appearance in the Epstein files, and pointed to growing anxiety over quantum computing and its potential implications for Bitcoin’s security model. He also singled out digital asset treasury companies, including Strategy, arguing that firms which had previously accumulated Bitcoin are now becoming sellers rather than buyers. He noted that Strategy had said it sold 32 bitcoins, a symbolic reversal for a company long associated with corporate Bitcoin accumulation. FOMO Without Crypto The two new points deepen the same theme: crypto is not merely down; it is being left out. Weisenthal wrote that, a month earlier, he might have said individual stocks were simply running hard without a broader speculative mania. Now, he said, the market is looking “more and more like some real FOMO everything rally.” That is the sharper claim. If AI, quantum computing and speculative tech are rallying while crypto remains frozen, then crypto’s problem is not just liquidity, regulation or price momentum. It is relevance. For a sector built partly on being the highest-beta expression of technological change and monetary skepticism, losing the attention trade may be the most uncomfortable winter signal of all. At press time, the total crypto market cap stood at $2.3 trillion. Featured image created with DALL.E, chart from TradingView.com











































