Invest ideasNews
9 Jun 2026, 09:00
Bitcoin At A Discount? Coinbase Exec Says Institutions And Govts Are Buying
Coinbase’s head of institutional strategy, John D’Agostino, says large investors are not retreating from Bitcoin’s latest selloff, even after the asset fell below $60,000 for the first time since October 2024. Speaking on CNBC’s Squawk Box on June 8, D’Agostino said institutional investors, family offices and sovereign-linked buyers are treating the drawdown as an opportunity to accumulate rather than a reason to exit. The remarks came during a discussion about whether Bitcoin’s decline toward the $59,000 area could hold as support, with CNBC’s Joe Kernen noting concerns that a deeper break could open the door to a much larger move lower. D’Agostino declined to make a direct price call, saying he does not want to offer investment advice, but pointed to the behavior of long-term allocators he speaks with through Coinbase’s institutional business. “What I can tell you is I have the luxury of speaking to institutional investors. They’ve put months and years into looking at this asset class. So when they do that and it’s cheaper, they like it,” D’Agostino said. He added that some investors have defined price targets, while others are focused on long-term accumulation. According to D’Agostino, recent conversations in the Middle East suggest that major buyers are comfortable with the decline. Related Reading: Bitcoin’s Worst Week Of 2026 Is Happening Right Now — QCP Explains Why The Bottom Isn’t In Yet “I just got off a plane from the Middle East. And I can tell you that the family offices in the UAE and the government and sovereign funds that I’m putting the effort into buying this asset class are not unhappy at being able to buy it at a discount.” Coinbase Exec Points To Stronger Bitcoin Infrastructure D’Agostino’s core argument was not that Bitcoin’s price had necessarily found a floor, but that the institutional market around the asset is materially stronger than in prior drawdowns. He said Coinbase is seeing the “institutional piping” that supports Bitcoin and other crypto assets continue to develop through both bullish and bearish market environments. Compared with previous CNBC appearances during stronger price conditions, he said the market now has a “shockingly stronger level of infrastructure.” That infrastructure, he argued, is what many institutional investors are focused on when assessing whether Bitcoin is becoming a more durable long-term allocation. He also pointed to spot ETFs as evidence that retail and institutional demand has not collapsed alongside price. D’Agostino said there is still roughly $100 billion of Bitcoin ETF exposure, describing the products as “very, very new.” Despite Bitcoin being down almost 50% from its peak, he said retail interest has seen only about a 15% drawdown. “So I think both retail and institutional are signaling this is a long term asset you want to hold,” he said. Macro Pressure, Leverage And Market Structure Asked to explain the selloff, D’Agostino said Kernen had identified the main consensus factors: risk-off positioning, investors selling liquid assets to fund other opportunities, higher-for-longer interest rates, weaker support for the debasement trade and uncertainty around regulatory clarity. He did not frame those pressures as irrelevant, but argued that volatility is a feature of long-duration commodity-like assets. Related Reading: Bitcoin Crash To $30,000? China Mining Giant Says Strategy Can Survive “Volatility is a funny thing, right? If I told you a year ago, we’d be 100 days into a war with Iran with the Strait of Hormuz being closed and no clear sight of line to it being open. Would you think that crude would still be trading under 100 bucks a barrel?” D’Agostino said. He said his background leads him to think of Bitcoin as a commodity-style asset, where volatility can come and go while long-term demand remains intact. He also pointed to pending policy work in Washington, saying that market structure and tax reform may be unexciting topics but could be important for institutional adoption. “We have seven bills circulating that will do great things for the institutional piping that supports Bitcoin and other crypto assets,” he said. On leverage, D’Agostino said he is not aware of any large institutional Bitcoin holders that are “horrifically over levered” at levels close enough to create a specific forced-selling threshold. He contrasted that with retail traders on offshore exchanges, where extreme leverage can result in rapid liquidations during liquidity shocks. “For some of the larger entities that hold Bitcoin with leverage, they seem to have an endless ability to go into the market and bring in more capital to support their buying activities,” he said. D’Agostino closed by saying he is not seeing institutional panic. Instead, he said large allocators are evaluating the cheapest ways to raise new capital and increase exposure to an asset they “loved at $125k,” “liked at $100k” and “love even more at $65k.” At press time, BTC traded at $63,345. Featured image created with DALL.E, chart from TradingView.com
9 Jun 2026, 09:00
Nvidia supplier Victory Giant hit by CEO scandal amid AI stock rout
Victory Giant Technology’s stock price has shown an evident fluctuation over the last two days. This comes amid a scandal surrounding its CEO, which made it to the market and led to a worldwide sell-off, hitting the semiconductor industry. The company’s stock price dropped by 6 percent on Monday; however, it jumped by 8.7 percent on Tuesday and closed at HK$361.2. This suggests that sentiment toward AI stocks is highly responsive to macroeconomic events and events related to the company itself. Social media claims led to a quick sell-off in VGT shares VGT’s stock sell-off started on June 6 when one Douyin user made some accusations against the company chairman, Chen Tao, and presented video evidence, according to the BigGo Finance report . The news soon spread quickly through numerous investor chat groups ahead of trading sessions on June 8. The stock price of VGT in mainland China fell to 6.06%, or 318.33 yuan, while in the Hong Kong market, its stock opened with a decline of 7.65% at HK$336. There was an increase in the trading volume of VGT stocks in Hong Kong to HK$1.28 billion, indicating a potential case of forced sales. It was observed that the timing of the announcement had been instrumental in pushing VGT down as a result of weak global semiconductor stock prices amid valuation issues in the wake of AI capex worries. VGT moves quickly to contain fallout The company acted quickly to control the damages, stating that the allegations in no way affect the normal course of their daily business operations and management structure. They added that the allegations made online had nothing to do with their manufacturing process, operations, or control procedures. As per the National Business Daily, the firm stated that it was an issue unrelated to the public materiality that needed to be made known to the public. Company president Zhao Qixiang said that the reports were “not totally accurate” and said police were informed about the incident and knew of the situation, as per protocol. In their Investor Relations report released on June 7, Victory Giant described its chairman, Chen Tao, as “an acknowledged technical expert in the PCB sector,” per the BigGo Finance report. Victory Giant occupies a key position in Nvidia’s AI hardware supply chain by manufacturing highly advanced PCBs used in supercomputers, AI accelerators, networking hardware, and data centers. According to its prospectus , which was issued in relation to the company’s HK listing in 2025, Victory Giant took up a global leadership position by achieving the highest revenue generated during the first half of 2025 from the manufacture of PCBs that are used in AI and HPC. Specifically, the company achieved a market share of 13.8%. In addition, the company highlighted its early mass production of sixth-generation HICs with 24-layer circuits used in AI servers and computer platforms. Although the firm does not reveal information about revenues generated through sales of products to particular clients, estimates by analysts suggest that between high single-digit and low double digits of Victory Giant’s revenues relate to Nvidia-based AI server demand due to accelerator boards, server backplanes, and networking equipment utilized by hyperscalers and original design manufacturers. The company’s exposure to spending on AI infrastructure has made it one of the most-watched beneficiaries of the development of AI computational infrastructure. This has contributed to its valuation premium compared to other PCB makers. PCBs and substrates oriented towards AI typically have higher multiples compared to other PCBs since AI-oriented investments are expected to generate greater income growth and visibility in the future. Compared to other PCB companies operating in the same region, VGT falls within the category of fast-growing firms owing to its specialization in applications involving artificial intelligence servers and advanced HDI technology. According to industry estimates, PCB firms that are exposed to AI technologies generally trade at forward multiples ranging from mid-teens to the low twenties, while the rest trade at higher single-digit to low-teens multiples. Despite recent volatility in the semiconductor industry, VGT is still being valued based primarily on expectations for strong demand for AI technologies. If you're reading this, you’re already ahead. Stay there with our newsletter .
9 Jun 2026, 09:00
Bitcoin Faces $454 Million Long Liquidation Risk Below $62,218, Data Shows
BitcoinWorld Bitcoin Faces $454 Million Long Liquidation Risk Below $62,218, Data Shows Bitcoin (BTC) is approaching a critical price threshold that could trigger a cascade of forced selling, according to data from Coinglass. If the leading cryptocurrency breaks below $62,218, long positions worth approximately $454.39 million on major centralized exchanges (CEXs) are projected to be liquidated. Key Liquidation Levels The data highlights a significant imbalance in market positioning. A move below $62,218 would trigger a large-scale liquidation of leveraged long positions, potentially accelerating downward price pressure. Conversely, a breakout above $63,986 would liquidate short positions worth $377.15 million. These levels represent key battlegrounds for traders and could determine Bitcoin’s short-term trajectory. Market Context and Implications Liquidation data provides a real-time snapshot of market sentiment and leverage. The concentration of long positions near $62,218 suggests many traders have been betting on a price increase, leaving them vulnerable to a sudden drop. If Bitcoin falls through this level, the forced selling could create a cascading effect, driving prices lower. This scenario is often referred to as a ‘long squeeze.’ On the other hand, a move above $63,986 would squeeze short sellers, potentially fueling a rally. The proximity of these two levels indicates a market coiled for a significant move, with traders on both sides at risk. Why This Matters to Traders For active traders, these liquidation zones serve as potential support and resistance levels. A break below $62,218 could signal a shift in momentum, while a hold above this level might indicate buying interest. Understanding these dynamics helps traders manage risk and position sizing. For longer-term investors, this data provides insight into market structure and potential volatility triggers. Conclusion Bitcoin’s price action near the $62,218 and $63,986 levels will be closely watched. The large notional value of potential liquidations on both sides suggests a high-probability event for a sharp price move. Traders should monitor these levels closely and adjust their risk management strategies accordingly. FAQs Q1: What does a liquidation mean in crypto trading? A: Liquidation occurs when a trader’s leveraged position is forcibly closed by the exchange due to insufficient margin to maintain the trade. This often happens when the market moves against the trader’s position beyond a certain threshold. Q2: Why is the $62,218 level so important? A: According to Coinglass data, a break below $62,218 would trigger the liquidation of over $454 million in long positions, which could create significant downward pressure on Bitcoin’s price due to forced selling. Q3: Is this data always accurate? A: Liquidation data from platforms like Coinglass is an estimate based on aggregated order book and position data from major exchanges. While it provides a useful directional signal, actual liquidation amounts may vary due to market conditions and exchange-specific factors. This post Bitcoin Faces $454 Million Long Liquidation Risk Below $62,218, Data Shows first appeared on BitcoinWorld .
9 Jun 2026, 08:58
Bitcoin eyes $67,000 if price closes above $64,300
🚨 Bitcoin could target $67,000 if price closes above $64,300. 📉 A loss of $61,000 support may lead to $58,000 being tested. 🪙 The $61,000 zone is where buyers in $BTC have stepped in before. Continue Reading: Bitcoin eyes $67,000 if price closes above $64,300 The post Bitcoin eyes $67,000 if price closes above $64,300 appeared first on COINTURK NEWS .
9 Jun 2026, 08:45
Dogecoin Price Prediction: DOGE Defends $0.081 as Cycle Setup Builds
Dogecoin is sitting near a major on-chain support zone where more than 30 billion DOGE last moved. At the same time, the DOGE/BTC chart is showing a cycle setup that analysts compare to previous “DOGE season” rallies. Dogecoin’s Biggest Support Zone Emerges as 30 Billion DOGE Cluster at $0.081 Dogecoin is approaching one of its strongest on-chain support levels, with more than 30 billion DOGE last moved near $0.081. The massive concentration of holdings highlights a key price zone that could play an important role if market volatility increases. Dogecoin URPD Chart (DOGE/USD). Source: Ali Charts on X / Glassnode Dogecoin's UTXO Realized Price Distribution (URPD) data shows that over 30 billion DOGE were last transacted around the $0.081 price level. This is the largest volume cluster visible on the chart, making it one of the most significant on-chain support areas for the asset. URPD tracks where existing coins last changed hands. Large clusters often identify price levels where many holders established positions, creating areas of potential support or resistance as traders react around their average entry prices. The chart shows the largest concentration of DOGE supply sitting at $0.081, significantly exceeding other major clusters near $0.089, $0.096, $0.103, $0.162, $0.177, $0.185, and $0.214. The size of the $0.081 cluster suggests a substantial portion of the market accumulated tokens around that level. From a technical and on-chain perspective, large holder concentrations can create psychological support because many investors may be reluctant to sell below their cost basis. At the same time, buyers often view heavily accumulated zones as attractive areas to defend. For now, the $0.081 level remains the key area to watch. As long as DOGE trades above this major on-chain support cluster, attention remains on whether buyers can maintain control and prevent a deeper decline. Dogecoin-Bitcoin Chart Mirrors Past Cycles as Analyst Signals New ‘DOGE Season’ Dogecoin may be approaching another major cycle inflection point against Bitcoin, according to a long-term chart comparison shared by Trader Tardigrade. The analysis suggests DOGE/BTC is repeating a pattern seen before previous explosive rallies after spending months in a prolonged consolidation phase. Dogecoin/Bitcoin Monthly Chart (DOGE/BTC). Source: Trader Tardigrade on X / TradingView The chart compares Dogecoin's current structure with two previous market cycles. In both cases, DOGE/BTC spent an extended period moving sideways inside a descending consolidation pattern before breaking support, forming a final bottom, and then entering a sharp upward expansion phase. According to the analysis, the current cycle is displaying a similar sequence. DOGE/BTC has been consolidating for months while trading near a major historical support zone. The chart labels this period as a ”loading” phase, suggesting market participants continue accumulating positions despite weak price performance. The pattern also highlights a breakdown below support before the start of previous rallies. Similar moves occurred in both the 2017 and 2021 cycles, where Dogecoin briefly traded below established support levels before reversing higher and significantly outperforming Bitcoin. From a technical perspective, DOGE/BTC remains near the lower boundary of its multi-year range. The analyst argues that the current structure closely resembles previous cycle bottoms, although confirmation would require a sustained recovery above recent resistance levels. For now, traders are watching whether DOGE/BTC can hold its support area and begin building bullish momentum. A successful breakout from the current consolidation range would strengthen comparisons with previous cycles, while continued weakness would delay the bullish scenario outlined on the chart.
9 Jun 2026, 08:45
GBP/JPY Forecast: Pound Edges Up to 214.00 but Remains Vulnerable to Downside Risks
BitcoinWorld GBP/JPY Forecast: Pound Edges Up to 214.00 but Remains Vulnerable to Downside Risks The British pound strengthened against the Japanese yen this week, pushing the GBP/JPY cross above the 214.00 mark. However, analysts caution that the pair remains exposed to downside risks amid diverging monetary policy expectations and persistent economic uncertainty in both the UK and Japan. Technical Outlook: Resistance and Support Levels The GBP/JPY pair has climbed approximately 1.2% over the past five trading sessions, recovering from a low near 211.50. The 214.00 level now acts as a near-term resistance zone, with the next upside target at 215.50. On the downside, support is seen at 212.80, followed by the psychological 210.00 level. Traders are watching the 50-day moving average, which sits around 213.20, as a key dynamic support. A break below this level could signal a deeper correction. The relative strength index (RSI) is hovering near 55, indicating neutral momentum with room for further upside if buying pressure increases. Fundamental Drivers: BoJ Policy and UK Data The yen remains under pressure as the Bank of Japan maintains its ultra-loose monetary policy stance, while other major central banks, including the Bank of England, have signaled a more cautious approach to rate adjustments. The BoJ’s yield curve control policy continues to cap Japanese government bond yields, keeping the yen relatively weak against higher-yielding currencies like the pound. In the UK, recent inflation data showed a slight moderation, but core price pressures remain elevated. The Bank of England is widely expected to hold rates steady at its next meeting, but any hawkish surprise could provide a fresh boost to sterling. Conversely, weaker-than-expected GDP figures or a slowdown in wage growth could weigh on the pound. What This Means for Traders The current rally in GBP/JPY appears technically driven, but fundamental headwinds remain. The yen’s weakness is largely a function of BoJ policy, which could shift abruptly if inflation in Japan accelerates. Any hint of a policy normalization by the BoJ would likely trigger a sharp yen rally, catching many short-yen positions off guard. For now, the pound’s resilience is supported by relatively higher UK interest rates and a less pessimistic growth outlook compared to earlier in the year. However, the pair’s vulnerability to sudden risk-off moves means traders should remain cautious about chasing the rally at current levels. Conclusion GBP/JPY has reclaimed the 214.00 level, but the rally lacks strong fundamental conviction. With the BoJ’s policy stance diverging from the BoE’s, the pair may continue to trade in a range between 210.00 and 216.00 in the near term. Traders should monitor UK inflation data and BoJ commentary for directional cues. A break above 215.50 would open the door to further gains, while a drop below 212.80 could signal a retest of the 210.00 support. FAQs Q1: Why is GBP/JPY rising despite economic uncertainty? The yen is weakening due to the Bank of Japan’s ultra-loose monetary policy, which makes it less attractive compared to currencies like the pound that offer higher yields. Additionally, the UK’s relatively higher interest rates support sterling demand. Q2: What is the key resistance level for GBP/JPY? The immediate resistance is at 214.00, followed by 215.50. A sustained move above 215.50 could signal further upside toward 217.00. Q3: What could cause GBP/JPY to reverse its gains? A surprise hawkish shift from the Bank of Japan, weaker UK economic data, or a broad risk-off sentiment in global markets could trigger a sharp reversal. The pair is particularly sensitive to changes in BoJ policy expectations. This post GBP/JPY Forecast: Pound Edges Up to 214.00 but Remains Vulnerable to Downside Risks first appeared on BitcoinWorld .
