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3 Jun 2026, 15:21
Bitcoin Price Analysis: What’s Next for BTC After 11% Weekly Crash?
Bitcoin has suffered a decisive breakdown from its multi-month rising channel, triggering a sharp sell-off that pushed the price toward a major support cluster around $65K. The rejection from the 100-day moving average and the inability to reclaim lost support levels suggest sellers remain in control in the near term, although BTC is now approaching an area where demand previously emerged. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, Bitcoin has invalidated the ascending channel structure that guided the price action for several months. After failing to hold above the channel’s lower boundary, BTC accelerated lower and lost the 100-day moving average around $73.5K, which had acted as an important dynamic support throughout the recovery phase. The breakdown below the $73K-$74K region confirms a bearish structural shift and increases the probability of a deeper correction. The asset is currently testing a key support zone around $65K-$66K, marked by a notable horizontal demand area that previously triggered strong buying interest. Any recovery attempt is likely to face significant selling pressure between $70K and $73K, while a broader relief rally could target the former channel support and the 200-day MA near $80K-$82K. If the current support fails to hold, the next major demand zone appears around $59K-$62K, which aligns with the lower blue support area visible on the chart. BTC/USDT 4-Hour Chart The 4-hour chart provides a clearer view of the breakdown. Bitcoin consolidated beneath the former support region around $73K-$74K before sellers regained control and initiated another impulsive leg lower. The recent price action resembles a textbook breakdown and retest sequence. Following the rejection from the highlighted pullback region near $71K-$74K, Bitcoin experienced an aggressive liquidation-driven decline toward the $65K support zone. The current reaction from this area suggests buyers are attempting to defend the level, but the market remains vulnerable while trading below the broken support cluster. For bulls to regain momentum, Bitcoin would need to reclaim the $71K-$74K range and establish acceptance above it. Failure to do so will likely confirm a pullback and could leave the market exposed to additional downside pressure, with the $65K support acting as the final major defense before a potential move toward the low-$60K region. Sentiment Analysis The 3-day liquidation heatmap highlights a significant concentration of short-term liquidity above the current market price. This liquidation cluster is located around $70K, with additional dense pockets extending toward the $75K region. This positioning suggests that, after such an aggressive decline, Bitcoin may eventually attempt a relief bounce to target overhead liquidity. Markets frequently gravitate toward high-liquidity zones, especially after major liquidation cascades have cleared nearby long positions. However, the heatmap also shows that most of the attractive liquidity currently sits above price rather than below it. This creates the potential for a short-squeeze recovery toward the $70K-$75K region if buyers successfully defend the $65K support area. For now, the broader trend remains bearish following the channel breakdown and the loss of the 100-day moving average. The $65K-$66K zone is the key level to monitor. Holding above it could allow Bitcoin to stage a corrective rebound toward overhead liquidity, while a decisive breakdown would likely open the door for a move toward the $60K-$62K support region. The post Bitcoin Price Analysis: What’s Next for BTC After 11% Weekly Crash? appeared first on CryptoPotato .
3 Jun 2026, 15:12
Kalshi Crypto Volume Tops $100M for First Time On Largest Liquidation Day Since February
On June 2, Kalshi pushed past the $100 million mark for the first time when it comes to spot volume within crypto-based event contracts. Data from Artemis shows that spot volume in this category reached $107.6 million yesterday surpassing the previous high set on March 16. The timing of this record is what makes it interesting as it landed on a day wherein the crypto markets experienced its largest liquidation event since February. A Record on the Largest Liquidation Day of 2026 June 2 saw Bitcoin slide below $67k for the first time since April 2. The total crypto market cap fell by over 5%, shedding roughly $137 billion. The dip resulted in around $1.76 billion in crypto liquidations over 24 hours, making yesterday the heaviest de-leveraging day since February 5, according to CoinGlass data. The majority of liquidations came from the long side with around $1.59 billion worth of positions wiped. The selloff didn’t come out of nowhere. Institutional demand has waned over the past two weeks adding to the bleak sentiment. Bitcoin spot ETFs are on a 12 day outflow streak, making it the longest ever losing streak since its inception in January 2024. Ethereum Spot ETFs haven’t fared any better notching 16 consecutive days of outflows. Uncertainty was compounded by the news of Saylor’s Strategy BTC sale , rattling holders who counted on the firm never touching its stack. Mt. Gox Moved Coins and the Drop Picked Up Speed Mt. Gox just moved 10,306 BTC ($731M). We’ve seen similar transfers before, tied to creditor repayments and distribution preparation. Importantly, they did not lead to immediate selling pressure. pic.twitter.com/Zz58rDdbsp — CryptoQuant.com (@cryptoquant_com) June 2, 2026 On June 2, the Mt. Gox estate moved 10,306 BTC worth about $731 million, according to CryptoQuant. Blockchain data placed the transfer in the early hours, with most of it routed to a fresh address that had no prior history. CryptoQuant analysts were quick to note the coins didn’t hit an exchange and that past transfers like this haven’t led to immediate selling. Markets didn’t wait around for that nuance. Bitcoin dropped fast as the headline crossed, and leveraged positions got run over in the move. That’s the backdrop Kalshi set its crypto record against. Same session, two very different stories. Why the Carnage Is Becoming Kalshi’s Edge Here’s the part worth sitting with. The record didn’t happen despite the liquidations. It happened because of them. When leverage breaks, traders who just got flushed need somewhere to express a view without getting wrecked again. Binary price contracts do that. You buy a “BTC above X” or “below X” contract, your downside is capped at what you paid, and there’s no liquidation price to defend. So flow rotated. Some of it as hedges, some as straight directional bets on where Bitcoin lands next. This fits a pattern that’s been building for months. Kalshi’s crypto-category volume went vertical from February, and the week ending May 17 already set a $454.2 million all-time high on Artemis numbers, flipping Polymarket’s early-year lead. A single day above $100 million is the daily version of that same trend. The bigger read is about what Kalshi is turning into. Not a sportsbook with a crypto tab bolted on the side. A volatility venue. The place flow goes when leverage breaks rather than a fair-weather add-on. If that holds, the crypto category should compound on exactly the chaos that hurts everyone else in the market. The thing to watch now is whether these levels stick. Records set during a liquidation event are easy. Holding them once the tape goes quiet is the real test, and that’s the number that’ll tell you whether June 2 was a one-off or a floor. If you're reading this, you’re already ahead. Stay there with our newsletter .
3 Jun 2026, 15:11
Expert Explains Why Japan’s Monetary Policy May Not Trigger Massive XRP Rally
XRP community commentator Eri has challenged growing speculation that a major Japanese yen carry-trade unwind in July could trigger an immediate surge in XRP’s price. Key Points XRP community commentator Eri pushed back against claims that a yen carry-trade unwind could trigger an immediate XRP price surge. Visit Website
3 Jun 2026, 15:05
EdgeX to Compensate EDGE Token Crash Victims With Up to 100,000 USDC Each
BitcoinWorld EdgeX to Compensate EDGE Token Crash Victims With Up to 100,000 USDC Each Decentralized derivatives exchange EdgeX has announced a compensation plan for users who suffered financial losses during the sharp decline of its native EDGE token on June 2. The exchange will offer up to 100,000 USDC per eligible user to cover realized losses from forced liquidations and sell-offs. Eligibility and Compensation Details The compensation program targets users who incurred actual losses from long position liquidations or token sell-offs on EdgeX Perp V1 and V2. The eligible window covers trades executed between 8:50 p.m. and 10:00 p.m. UTC on June 1. EdgeX has specified that only realized losses within this period qualify — trading fees, funding fees, and unrealized profits are excluded from the calculation. Each user’s payout is capped at 100,000 USDC. The exchange has not yet disclosed the total amount allocated for the compensation fund or the exact number of affected users. However, the cap suggests the exchange is preparing for potentially significant claims while limiting its overall exposure. What Caused the EDGE Crash? The EDGE token experienced a rapid price decline on June 1, triggering a cascade of forced liquidations on the platform’s perpetual futures markets. While EdgeX has not provided a detailed post-mortem, such events in decentralized finance often result from large sell orders, liquidity imbalances, or coordinated market actions. The timing and speed of the decline suggest a sudden loss of confidence or a large position unwinding. Decentralized exchanges are particularly vulnerable to rapid price dislocations because their liquidity pools are often shallower than centralized counterparts. This incident highlights the risks traders face when using leveraged positions on platforms with limited order book depth. Why This Matters for DeFi Users EdgeX’s decision to compensate users is notable in the decentralized exchange space, where such payouts are not guaranteed. Most DeFi protocols operate on smart contracts with no central authority to reimburse losses. By voluntarily offering compensation, EdgeX is signaling a commitment to user protection that could help rebuild trust after a disruptive event. However, the compensation plan also raises questions about the platform’s risk management practices. Traders may need to assess whether EdgeX has adequate safeguards — such as circuit breakers or dynamic liquidation mechanisms — to prevent similar incidents in the future. Conclusion EdgeX’s compensation offer of up to 100,000 USDC per user provides a path to recovery for those affected by the EDGE token crash. The move is unusual for a decentralized exchange and may set a precedent for how DeFi platforms handle market disruptions. Users should verify their eligibility and submit claims within the specified window. The broader DeFi community will be watching closely to see how EdgeX addresses the underlying issues that led to the crash. FAQs Q1: Who is eligible for EdgeX compensation? Users who incurred realized losses from forced liquidations of long positions or sell-offs on EdgeX Perp V1 and V2 between 8:50 p.m. and 10:00 p.m. UTC on June 1. Q2: What is the maximum payout per user? The cap is 100,000 USDC per person, covering only realized losses within the eligible window. Trading fees, funding fees, and unrealized profits are not included. Q3: How can affected users claim compensation? EdgeX has announced the plan but has not yet detailed the claims process. Users should monitor official EdgeX channels for instructions on submitting claims and required documentation. This post EdgeX to Compensate EDGE Token Crash Victims With Up to 100,000 USDC Each first appeared on BitcoinWorld .
3 Jun 2026, 15:02
12 Days of Red: Are Bitcoin (BTC) ETFs Signaling a Deeper Price Collapse Ahead?
The leading cryptocurrency has been in a clear decline lately, with its price tumbling well below $70,000. Certain analysts and well-known financiers think the bottom during this cycle has yet to be reached, while waning institutional interest in the asset intensifies fears of a more substantial sell-off. Red Days for the ETFs Several hours ago, BTC dropped to nearly $65,000, its lowest level since March this year. The analyst Ali Martinez recently predicted that slipping below the $71,300-$73,000 range could lead to a decline of that magnitude, while X user Ted envisioned a deeper crash to as low as $55,000. Of course, Peter Schiff also added his name to the pessimists. The well-known crypto critic and gold proponent forecasted a major collapse to $20,000 if BTC breaks $50,000. In his view, such a catastrophe would shake the conviction of the long-term HODLers and cause them “to finally throw in the towel.” Recent netflows in spot BTC ETFs serve as a warning that conditions for the primary cryptocurrency could worsen in the near future. Over the past 12 days, outflows have surpassed inflows, suggesting that institutional investors (such as pension funds and hedge funds) have reduced their exposure to the asset. This, in turn, has prompted ETF issuers (BlackRock, Fidelity, and other financial giants) to sell real BTC, adding even more downward pressure on an already fragile market. It is important to note that spot Bitcoin ETFs have not experienced 12 consecutive red days since their launch. Spot BTC ETFs, Source: SoSoValue The rising amount of BTC stored on centralized exchanges is another concerning factor. There are now more than 2.72 million coins held on such trading venues, the highest point since March. The development doesn’t guarantee a further price crash, but it does increase selling pressure. Is the Bottom Close? Another popular X user who touched upon the matter is bee. They believe that BTC is in the final stage of the bear cycle, yet this doesn’t rule out an additional decline. The analyst forecasted a plunge to $47,000-$51,000 by October this year, after which the bulls are expected to regain control. For their part, Max Crypto noted that BTC’s Relative Strength Index (RSI) has dropped under 30, which has historically been followed by a bottom and a subsequent rally by nearly 40%. The post 12 Days of Red: Are Bitcoin (BTC) ETFs Signaling a Deeper Price Collapse Ahead? appeared first on CryptoPotato .
3 Jun 2026, 15:00
Whale Re-Enters Bitcoin Market With $26.8M Purchase After Losing $2.5M on Prior Trade
BitcoinWorld Whale Re-Enters Bitcoin Market With $26.8M Purchase After Losing $2.5M on Prior Trade A prominent Bitcoin whale, who previously suffered a loss exceeding $2.5 million by buying high and selling low, has re-entered the market with a substantial purchase. According to on-chain analytics firm Lookonchain, the investor acquired 401 Bitcoin for approximately $26.86 million, at an average price of $66,957 per coin. Details of the Previous Loss The whale’s earlier misstep occurred in January. On January 16, the investor bought 81 Bitcoin at an average price of $95,423. However, as the market shifted, the whale sold those holdings on February 23 at a significantly lower price of $64,243 per Bitcoin. This trade resulted in a realized loss of over $2.5 million, a stark example of the volatility and risk inherent in cryptocurrency markets. Significance of the New Purchase The new acquisition of 401 BTC signals a renewed bullish conviction from this particular investor, despite the recent negative experience. The purchase price of $66,957 is notably lower than the previous buy-in, suggesting the whale is attempting to average down or is acting on a revised market outlook. Such large-scale movements by whales are closely watched by retail traders and analysts, as they can influence market sentiment and, in some cases, precede price movements. What This Means for the Broader Market While a single whale’s activity does not dictate market direction, it provides a real-world data point on investor behavior during periods of price correction. The decision to re-enter after a significant loss may indicate that some large holders view current price levels as an attractive accumulation zone. This contrasts with the general retail sentiment that often turns bearish after similar losses. The trade also highlights the ongoing importance of on-chain data services like Lookonchain for tracking the behavior of major market participants. Conclusion This event serves as a reminder of the high-stakes nature of Bitcoin trading, where even well-capitalized investors can make costly errors. The whale’s subsequent re-entry at a lower price point adds a layer of complexity to the current market narrative, suggesting that large players may be positioning for a potential recovery, even as short-term volatility persists. FAQs Q1: Who is the whale that made this trade? The specific identity of the whale is not publicly known. The transaction was identified and reported by Lookonchain, an on-chain analytics platform that tracks large wallet movements. The wallet address is public, but the owner’s real-world identity remains anonymous. Q2: How does a whale trade affect Bitcoin’s price? Large trades by whales can create short-term price fluctuations, especially if the trade is executed on a single exchange. However, the overall market impact depends on the size of the trade relative to the daily trading volume. A $26.8 million purchase is significant but not large enough to single-handedly move the market in a sustained way. Q3: Is it common for whales to re-enter after a loss? While not the norm, it is not uncommon. Many institutional and high-net-worth investors use a dollar-cost averaging strategy or view significant price drops as buying opportunities. This particular case is notable because of the size of the previous loss and the speed of the re-entry. This post Whale Re-Enters Bitcoin Market With $26.8M Purchase After Losing $2.5M on Prior Trade first appeared on BitcoinWorld .
