hodler

8 Jun 2026, 15:00

Bitcoin Enters ‘Bottom Finding’ Phase, On-Chain Data Suggests

BitcoinWorld Bitcoin Enters ‘Bottom Finding’ Phase, On-Chain Data Suggests Bitcoin has entered a ‘bottom finding’ phase based on a key on-chain metric, according to crypto analyst Benjamin Cowen. The development, which Cowen described as a historically significant signal, suggests the leading cryptocurrency may be approaching a cyclical low. Key On-Chain Indicator Crossover Cowen, who leads the Into the Cryptoverse analysis platform, pointed to the ratio of Bitcoin’s circulating supply that is currently in profit versus in loss. This metric, calculated using each coin’s on-chain acquisition price, has just experienced a crossover event near the 50/50 mark. According to Cowen, this specific pattern has historically preceded the formation of a market cycle bottom. ‘I like the current chart pattern,’ Cowen stated in a recent analysis, reiterating his earlier view that a market bottom typically forms after this indicator crosses its baseline. The crossover, he confirmed, has just occurred. Context and Implications for Investors The ‘supply in profit’ ratio is a widely watched on-chain indicator that measures market sentiment and potential selling pressure. When the ratio falls to 50%, it means half of all Bitcoin holders are underwater on their positions, a level often associated with capitulation and subsequent price stabilization. While the crossover is a historically bullish signal for long-term holders, Cowen’s analysis does not guarantee an immediate price reversal. The ‘bottom finding’ phase can involve extended periods of sideways trading or further minor declines before a sustained uptrend begins. Why This Matters For investors, understanding on-chain signals like the supply in profit ratio provides a data-driven perspective beyond short-term price movements. This analysis offers a framework for identifying potential entry points during market downturns, rather than relying on emotional reactions to volatility. Conclusion Benjamin Cowen’s on-chain analysis suggests that Bitcoin may be in the early stages of a bottoming process. While the indicator crossover is a notable technical event, investors should remain cautious and consider broader market conditions before making decisions. The coming weeks will be critical in determining whether this signal leads to a sustained recovery. FAQs Q1: What is the ‘supply in profit’ ratio for Bitcoin? The supply in profit ratio compares the total amount of Bitcoin currently trading above its on-chain acquisition price to the amount trading below it. It is a measure of overall market profitability. Q2: Does a crossover at 50% guarantee a price bottom? No. While historically significant, it is not a guaranteed predictor. It indicates a potential bottoming process, but prices can still fluctuate or decline further before a lasting uptrend begins. Q3: Who is Benjamin Cowen? Benjamin Cowen is a cryptocurrency analyst and the founder of Into the Cryptoverse, a platform providing on-chain and market analysis. He is known for his data-driven approach to Bitcoin and altcoin cycles. This post Bitcoin Enters ‘Bottom Finding’ Phase, On-Chain Data Suggests first appeared on BitcoinWorld .

8 Jun 2026, 15:00

Bitmine Immersion: Crypto Crash Gift

Summary Bitmine Immersion Technologies has been crushed with the Ethereum price collapse and sector-wide crypto panic. BMNR's treasury model leverages Ethereum for staking revenues and business growth, insulating operations from crypto price volatility compared to peers. The company projects annualized staking revenues at $258 million with ETH above $2,000, but recent price drops materially impact near-term revenue potential. The stock is attractive with crypto prices trading at extreme fear as investors likely flip capital into hot IPOs, but platform development offers critical long-term value creation. While Bitmine Immersion Technologies, Inc. ( BMNR ) is full speed ahead building a business, the original crypto treasury is destroying the sector concept. Any investor bullish on the Ethereum treasury concept due to the ancillary DeFi financial opportunities should love this price crash. My investment thesis is ultra Bullish on Bitmine Immersion with this price collapse based on Ethereum falling due to a crypto panic level selling. Source: Finviz Crypto Plunge The majority of the crypto space has absolutely collapsed over the last month, lead by Bitcoin. Strategy ( MSTR ) recently sold $2.5 million worth of Bitcoins to pay a high-yielding dividend, helping create a panic in the sector. Strategy has now managed to turn a large capital gain into a massive loss. CEO Michael Saylor was certain Bitcoin would reach $1+ million, the executive never prepared for a scenario with a 50% dip leading to the crypto trading back below $60K. The crypto sector clearly faces a deterioration in fundamental views due to the capital rotation into upcoming hot IPOs. SpaceX ( SPCX ) is looking to raise $75+ billion this week and Bitcoin was likely a source of liquidity to free up capital to buy the IPO with Reuters reporting an incredible $150 billion worth of orders for the IPO. The Bitcoin fear and greed index is not surprisingly at the Extreme Fear level of only 14. The index has hit this level despite Bitcoin trading at levels around the 2024 price and far above where the crypto traded around September 2023 at only $25K. Source: CoinMarketCap Ethereum has not fared any better falling back to $1,500 last week. The crypto appears in breakout mode last August soaring above $4,000 and has utterly collapsed now. Operating Strategy The difference between the Strategy and Bitmine Immersion treasury models are starkly different. Strategy uses complex trading vehicles on yield strategies, leaving the company struggling to meet payout commitments while Bitmine Immersion is using Ethereum to generate income and business opportunities where the company is not financially impacted by fluctuating crypto prices. Oddly though, Bitmine did just issue 9.5% yielding preferred stock last week, oddly following the failed footsteps of Strategy. The company does keep a sizable cash balance to cover these payments and is starting to generate staking yields, but it isn't really clear how shareholders benefit from this offering. Bitmine Immersion is initially working on generating staking revenues from the Ethereum owned and recently released the MAVAN platform allowing the business to provide staking technology for institutional customers and custodians. With the June 1 weekly update , Chairman Tom Lee outlined the updated staking revenue prospects as follows: Annualized staking revenues are now projected at $258 million. And this 4.7 million ETH is over 87% of the 5.42 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.73% (annualized). Unfortunately, the goal was for revenues of $258 million when ETH was trading above $2,000 per token. ETH fell over 20% on the week to now trade around $1,600, cutting into the plans to generate nearly $300 million in staking revenues when the full 5.4 million ETH owned by Bitmine Immersion is staked. Source: Bitmine Immersion press release The company reported limited staking revenues for Q1, so the Q2 update around early July will provide some general indications of the operating part of the business. The general revenue guidance suggests $65 million in quarterly revenue before this last dip. Ultimately though, the stock ownership is based on the price of ETH. The stock has fallen to the $15s now with Ethereum crashing in the last week. Bitmine Immersion owns the following assets: Ethereum ( ETH-USD ) - 5,416,901 tokens. Bitcoin ( BTC-USD ) - 203 tokens. Eightco ( ORBS ) - 13.7 million units. Beast Industries - $200 million. Cash - $446 million. Clearly, an investor wants to see management unload the remaining cash balance to snap up ETH at these much lower prices after heavily investing at $2,000+. The price is no longer on the side of Bitmine Immersion to sell additional stock. Investors now prefer the company building out the staking platform and other money generating opportunities to funnel profits into buying additional ETH. The new preferred stock will cut into the profits. As investors have seen over the last year, the big risk to the story is lower crypto prices. The fear and greed index is at Extreme Fear, but Ethereum can always fall even further and investors could quickly lose confidence in the vision of Tom Lee. Takeaway The key investor takeaway is that the fear in the crypto sector is starting to favor looking at an investment in ETH and Bitmine Immersion. The Ethereum treasury is quickly building a fintech generating solid income, making the crypto more appealing to own than gold or Bitcoin with no productive means. Investors confident in the long-term prospects of Ethereum should use this unexpected crypto crash as a gift opportunity to load up.

8 Jun 2026, 14:45

MicroStrategy Shareholders Approve Semi-Monthly Dividend Schedule for STRC Preferred Stock

BitcoinWorld MicroStrategy Shareholders Approve Semi-Monthly Dividend Schedule for STRC Preferred Stock Shareholders of MicroStrategy (MSTR) have approved a proposal to shift the dividend payment schedule for its preferred stock, STRC, from a monthly to a semi-monthly frequency, as reported by Unfolded. The change is designed to enhance price stability, increase liquidity, and improve overall market efficiency for the instrument. Details of the Dividend Schedule Change The approved adjustment moves STRC dividend distributions from once per month to twice per month. Despite the more frequent payments, MicroStrategy has confirmed it will maintain the annual dividend rate at 11.5%. The company initially proposed the change earlier this year, citing the need to align the preferred stock’s payout structure with investor expectations for more regular income streams. Implications for Investors and Market Efficiency For holders of STRC, the shift to semi-monthly dividends means more predictable cash flows, which could reduce the stock’s price volatility around ex-dividend dates. Increased payment frequency often attracts a broader base of income-focused investors, potentially deepening the market for the security. MicroStrategy’s move reflects a broader trend among issuers of preferred stock to tailor payout schedules to current market demands for liquidity and stability. Why This Matters for MicroStrategy’s Capital Structure MicroStrategy has been actively using equity and equity-linked instruments, including its preferred stock, to finance its Bitcoin acquisition strategy. The STRC preferred stock, which carries a fixed 11.5% annual dividend, is a key component of the company’s capital stack. By improving the trading characteristics of STRC through more frequent dividends, MicroStrategy may enhance its ability to raise additional capital in the future if needed. Conclusion The shareholder approval marks a significant operational change for MicroStrategy’s STRC preferred stock, prioritizing investor convenience and market stability. The company maintains its 11.5% annual dividend rate while offering more regular income distributions. The decision reflects MicroStrategy’s ongoing efforts to optimize its financial instruments for both corporate strategy and shareholder value. FAQs Q1: When will the semi-monthly dividend payments for STRC begin? The exact implementation date has not been disclosed, but the change is expected to take effect following standard regulatory and administrative procedures. Investors should monitor official MicroStrategy announcements for the first semi-monthly payment date. Q2: Will the dividend rate change with the new schedule? No. MicroStrategy has confirmed that the annual dividend rate will remain at 11.5%. The semi-monthly payments will simply divide the existing annual amount into 24 installments instead of 12. Q3: How does this affect MSTR common stock dividends? This change applies only to the STRC preferred stock. MicroStrategy does not currently pay a regular dividend on its common stock (MSTR), and this approval does not alter that policy. This post MicroStrategy Shareholders Approve Semi-Monthly Dividend Schedule for STRC Preferred Stock first appeared on BitcoinWorld .

8 Jun 2026, 14:34

Ethereum Price Analysis: Can ETH Maintain Its Recovery? The Next Trading Days Will Be Crucial

Ethereum has staged a notable recovery after suffering a steep decline toward the $1.5K region. While the rebound has improved short-term sentiment, the broader structure remains bearish across higher timeframes, with ETH still trading below major moving averages and a long-term descending trendline. The coming sessions will likely determine whether this move evolves into a sustainable recovery or merely a relief rally within a larger downtrend. Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH remains under significant technical pressure despite the recent bounce from the $1.5K support area. The price briefly swept below the major demand zone around $1.5K before attracting buyers and rebounding toward $1.7K. The broader market structure continues to favor sellers. Ethereum is trading below both the 100-day moving average near $2.1K and the 200-day moving average around $2.4K. This indicates that the higher-timeframe trend remains firmly bearish. In addition, the long-term descending trendline extending from previous highs continues to cap upside attempts and reinforces the prevailing downtrend. The last leg of the selloff established a clear bearish impulse, with the Fibonacci retracement levels now highlighting potential recovery targets where sellers may re-enter the market. The first notable resistance lies at the 0.5 retracement level around $1.77K, followed by the 0.618 level at $1.83K, and the 0.786 retracement near $1.92K. These levels are expected to serve as potential rejection zones if sellers remain in control of the broader trend. Therefore, while the ongoing rebound could extend toward this resistance cluster, traders should closely monitor price action around these areas, as they may become attractive regions for renewed supply and another bearish continuation attempt. ETH/USDT 4-Hour Chart The lower timeframe reveals a more constructive short-term picture. After capitulating into the $1.5K low, ETH formed a strong reactionary bounce and is currently getting support from the bullish fair value gap positioned around the $1.64K region. This area is acting as an immediate demand zone and could provide support if a short-term pullback occurs. The recovery has also pushed RSI above the midpoint level, indicating improving momentum after the aggressive selloff. However, the market remains below the key Fibonacci resistance cluster between $1.75K and $1.85K. This range now represents the primary liquidity zone where sellers may attempt to regain control. A continuation toward that area appears possible as long as ETH remains above the bullish fair value gap. If buyers can maintain momentum and reclaim the $1.77K level, a larger short-squeeze toward $1.83K and $1.92K could develop. On the other hand, losing the fair value gap support around $1.64K would weaken the recovery structure and increase the probability of another test of the $1.5K low. Sentiment Analysis The Coinbase Premium Index provides additional insight into current market sentiment. The metric measures the price difference between Coinbase and offshore exchanges and is often used as a proxy for U.S. institutional demand. The chart shows that the Coinbase Premium Index has spent most of the recent period in negative territory, coinciding with Ethereum’s prolonged decline from $5K toward the current cycle lows. The latest reading remains below zero at approximately -0.04, indicating that U.S. spot demand is still relatively weak. That said, the metric has rebounded sharply from recent extreme negative readings near -0.15. Historically, such deeply negative premium levels often emerge during periods of capitulation and heavy selling pressure. The recent recovery suggests that selling intensity may be easing, even if strong accumulation has not yet returned. For a more durable bullish reversal, the Coinbase Premium Index would ideally need to reclaim positive territory and remain consistently above zero. Until then, the data suggests that Ethereum’s current bounce is being driven more by relief from oversold conditions than by clear evidence of aggressive institutional accumulation. The post Ethereum Price Analysis: Can ETH Maintain Its Recovery? The Next Trading Days Will Be Crucial appeared first on CryptoPotato .

8 Jun 2026, 14:30

Bitcoin price eyes $90K as FTX-era BTC bullish divergence flashes again

Bitcoin flashes only its second weekly bullish divergence on record, a signal that previously preceded a 755% BTC price rally.

8 Jun 2026, 14:23

Strategy Bought more Bitcoin as Tom Lee Scooped more ETH in the Bloodbath Aftermath: Bull Run Making a Comeback?

Strategy Bitcoin buying spree is back after a brutal week. Michael Saylor added 1,550 BTC for $101 million between June 1 and 7 at an average of $65,332 per coin, lifting its total to 845,256 BTC while boosting USD reserves to $1 billion. The move came just days after a tiny 32 BTC sale triggered chaos, proving these Bitcoin accumulators refuse to blink in the dip. Strategy’s SEC Filing, SEC Last week, Strategy sold just 32 BTC at $77,135 each to cover preferred stock dividends, its first Bitcoin sale since 2022. The last time Strategy sold in 2022 was marked as the Bitcoin bottom. But the move, a mere 0.0038 percent of holdings, was followed by liquidation cascades that hammered Bitcoin from $77,000 below $60,000. The community screamed that the “never sell” mantra is broken, and Saylor stayed silent until the dust settled. Was Saylor a genius? He sold high enough to fund obligations, watched the cascade he arguably ignited, then scooped 1,550 BTC at an $12,000 lower average. It gave the company an additional 1,518 BTC and $100 million in cash. Saylor is buying back those 32 btc he sold last week but for 20% off Genius https://t.co/bTg6pUoyYJ — King (@KinggTrades) June 7, 2026 Strategy Bitcoin per share keeps rising while the market panics. It’s a classic playbook. However, both Strategy and Bitmine still sit deep underwater. Strategy’s average cost basis sits at $75,680 per BTC. At current levels near $65,000, unrealized losses top $9 billion. In early 2026, it peaked above $80,000 delivered billions in paper profits before the slide. Bitcoin (BTC) 24h 7d 30d 1y All time Discover: The best crypto to diversify your portfolio with The Other Bull: Tom Lee’s ETH Tom Lee’s BitMine Immersion Technologies mirrored the aggression as the firm bought 126,971 ETH for $213 million during the same dip, with ETH around $1,670. Bitmine’s total holdings now hit 5.54 million ETH, or 4.59% of supply, with over 85 percent staked on its MAVAN platform. The staked ETH itself is projected to print $270 million in annual rewards. Bitcoin (BTC) 24h 7d 30d 1y All time Just before the bloodbath, Tom Lee said that we are in a “crypto spring.” Then he labeled Strategy’s 32 BTC sale a bottom signal and kept buying aggressively. BitMine’s average cost sits way higher at $3,460 per ETH. At $1,681 today, unrealized losses approach $9.9 billion. Yet staking yields provide a buffer Strategy lacks with its Bitcoin. The last time Saylor sold Bitcoin, marked the exact bottom of the bear market pic.twitter.com/eIYjiNStga — Quinten | 048.eth (@QuintenFrancois) June 2, 2026 Both companies’ mechanisms diverge sharply. Strategy Bitcoin relies on equity offerings , convertible notes, and cash flow to fund pure BTC holdings. It has no staking, no yield, just diamond hands and “Bitcoin per share” growth. BitMine blends treasury buys with massive staking operations for steady ETH rewards. Discover: The best pre-launch token sales Which Company is Walking in Tight Rope? Strategy with Its Bitcoin? Or Lee’s Ethereum Bag? If crypto falls further, Strategy looks more dangerous. Its model ties funding to stock performance and debt service. A prolonged drawdown could force dilution or tighter liquidity squeezes, as the 32 BTC sale already showed. BitMine’s staking income offers a downside cushion even if prices tank. What happened last week crystallized the difference. One tiny sale from the BTC kingpin rippled across markets. ETH treasury players like BitMine absorbed the volatility and kept stacking. Both proved institutional conviction remains intact despite the bloody chart. “The moment Strategy sells its first Bitcoin, the structural cascade triggers. The ‘Strategy never sells’ thesis that underwrote the entire preferred stack has just been broken … a BTC sale, in other words, is not a recovery event. It is a regime-change event.“ https://t.co/4VFyKoWpHp pic.twitter.com/dNNorrf6Zq — Onramp (@OnrampBitcoin) May 6, 2026 These back-to-back mega buys in the bloodbath aftermath show smart money sees value. Liquidation cascades cleared weak lettuce hands. Fresh capital from equity raises flowed straight into digital assets. Expect volatility but upward bias. Strategy and BitMine are rewriting corporate balance sheets as crypto-native vehicles. Their scale and discipline set the floor during fear. The path forward looks clear. With Saylor and Lee refusing to fold, retail and institutions will follow the leaders. Crypto spring is thawing into full bloom. Discover: The best crypto to diversify your portfolio with The post Strategy Bought more Bitcoin as Tom Lee Scooped more ETH in the Bloodbath Aftermath: Bull Run Making a Comeback? appeared first on Cryptonews .