Invest ideasNews
2 Jun 2026, 06:00
Bitcoin Bottom Not In Yet? Analyst Sees Higher Odds Of Drop Below $61K
Bitcoin’s derivatives market has yet to fully heal from a violent shakeout last October, when roughly 71,000 BTC worth around $11 billion was wiped from open interest across major exchanges. Total open interest has not recovered to pre-event levels, leaving a gap of more than 24,000 BTC that signals many traders are still sitting on the sidelines. Related Reading: Bitcoin Faces Prolonged Downtrend Through 2027, Analyst Warns Derivatives Damage Still Visible That cautious positioning sits at the center of growing concern about where Bitcoin heads next. The world’s largest cryptocurrency closed May at $73,560, down 3.40% for the month, and at least two closely watched analysts say the slide may not be over. Prominent on-chain analyst PlanB framed the debate plainly. He said the market is roughly split on whether the February low near $60,000 marked the bottom of this cycle or whether a steeper drop is still ahead, and based on his reading of the data, he leans toward more downside. Bitcoin closed May at $73,568 Market is 50/50 on if Febryary $60k was the bottom, or the bear will continue. IMO data is telling us that we have not seen bottom formation yet, and that there is a >50% probablility that we go lower (below 200wma $61k or realized price $53k). pic.twitter.com/4uxdxH5oGA — PlanB (@100trillionUSD) June 1, 2026 PlanB’s view rests on a chart tracking how much of the total Bitcoin supply is currently sitting in profit. In past bear market cycles, major bottoms typically formed when only a small share of holders were in the green and fear was widespread. Right now, data shows a higher proportion of holders still in profit compared to those historical trough periods, which PlanB says means the market has not yet hit the kind of full panic, or capitulation, that usually marks a true bottom. Two Levels Now In Focus He puts the odds of prices moving lower above 50%, with two long-term indicators as potential landing zones. The 200-week moving average sits near $61,000 and has held as strong support in previous downturns. The realized price, which reflects the average cost basis across the entire Bitcoin supply, is near $53,000. Trader Ted Pillow flagged a nearer-term threshold. He said a daily close below $70,000 could trigger a fresh wave of selling, noting that the level has absorbed repeated pressure in recent weeks and that losing it would likely shake short-term trader confidence. Related Reading: Could XRP Hit $10 This Bull Run? World’s Highest IQ Holder Thinks So What Needs To Happen For A Bottom The picture that emerges from both analysts is one of a market waiting for a cleaner flush before conditions line up for a sustained recovery. Open interest on the derivatives side remains depressed, sentiment is fragile, and the percentage of holders in profit has not fallen to the lows that have historically coincided with cycle bottoms. PlanB said prices could fall below $61,000, with the 200-week moving average offering the first major test and the realized price near $53,000 representing a deeper level of potential support. Bitcoin would need to move toward either of those levels for the current setup to more closely resemble the bottoming patterns seen in prior cycles. Featured image from Unsplash, chart from TradingView
2 Jun 2026, 06:00
Bitcoin’s biggest outflow of 2026 – Market enters June with caution!
Bitcoin led the outflows, and Ethereum slipped too.
2 Jun 2026, 05:55
Bitcoin Hits $70K After Losing Key Cost Basis Zone as Analysts Warn of Deeper Drawdown
Bitcoin is on “the edge of a breakdown,” reported onchain analytics firm Swissblock on Monday. The analysts noted that the loss of the “Cost Basis Zone” has already triggered a decisive drawdown. Consolidation inside this zone appeared constructive, but there was no confirmation, and BTC failed to hold it, showing little strength when trying to reclaim it, they said. “That shifted the framework from consolidation into breakdown risk.” BTC Needs to Re-enter The Battlefield The Cost Basis Zone is currently between around $72,000 and $79,000, according to the Swissblock chart. It measures the price range where recent Bitcoin buyers, especially short-term holders, acquired their BTC on average and acts as a key support/resistance level based on the actual purchase prices of coins in circulation. “The only way BTC recovers its bullish posture is by re-entering the Cost Basis Battlefield with strength.” Bitcoin is on the edge of a breakdown. The loss of the Cost Basis Zone has already triggered a decisive drawdown. At first, consolidation inside the cost-basis battlefield looked constructive. But consolidation was not confirmation. BTC failed to hold the zone, then showed… pic.twitter.com/6qGc0nYKYn — Swissblock (@swissblock__) June 1, 2026 Bitcoin is “under growing pressure,” stated Glassnode on Monday. “Sellers dominate spot, ETF outflows accelerate to $1.3 billion, and fresh capital has stalled,” it added. “Structure has broken, and momentum favours the downside near-term.” Bitcoin ETP provider Bitcoin Capital echoed the sentiment, stating that the recovery stalled exactly at the short-term holder cost basis and rolled over. Key on-chain metrics have broken down at current price levels, which are a “contained drawdown and failed recovery.” “Bitcoin’s weakness against the wider market has reached its highest point ever,” commented the usually bullish ‘Sykodelic’. “It is now the only macro asset not in expansion.” “At this moment, Bitcoin has completely decoupled from every other macro asset, for the first time since it was created.” It will also be the first time any macro asset has “created its own unique path and ignored the underlying forces that govern financial markets,” he added. Bitcoin Dumps to $70K Bitcoin fell to $70,000 in early Asian trading on Tuesday morning, marking a 3.8% daily decline. The asset is currently down 8% on the week and is poised to fall back into the $60,000 zone, returning to levels last seen in early April. It is still largely range-bound, as it has been since early February, but could now fall to the bottom of that range, around $65,000. A recent SEC filing revealed that Michael Saylor’s Strategy sold 32 BTC in late May for around $2.5 million, compounding the overwhelmingly bearish sentiment. The post Bitcoin Hits $70K After Losing Key Cost Basis Zone as Analysts Warn of Deeper Drawdown appeared first on CryptoPotato .
2 Jun 2026, 05:55
Binance to Delist 7 Spot Trading Pairs Including CRV/BTC and EGLD/BTC on June 5
BitcoinWorld Binance to Delist 7 Spot Trading Pairs Including CRV/BTC and EGLD/BTC on June 5 Binance, the world’s largest cryptocurrency exchange by trading volume, has announced it will delist seven spot trading pairs on June 5 at 3:00 a.m. UTC. The move affects pairs involving tokens such as AXL, CRV, EGLD, OPN, POL, QTUM, and SKY, primarily against BTC, with a few exceptions. Full List of Delisted Pairs The following trading pairs will be removed from Binance’s spot market: AXL/BTC CRV/BTC EGLD/BTC OPN/BNB POL/ETH QTUM/USDC SKY/BTC Binance regularly reviews all listed spot trading pairs to ensure they meet its standards for liquidity, trading volume, and overall market health. Delisting typically occurs when a pair fails to maintain sufficient activity or when the underlying project shows signs of diminished viability. Why Binance Delists Trading Pairs Delistings are a routine part of exchange maintenance. Binance evaluates pairs based on factors such as trading volume, liquidity, network stability, security, and compliance with evolving regulatory requirements. When a pair no longer meets these criteria, it is removed to protect users and streamline the trading experience. For the tokens involved, delisting a specific pair does not necessarily mean the token itself is removed from Binance. In many cases, alternative trading pairs—such as CRV/USDT or EGLD/USDT—remain available. However, traders should verify the current availability of each token on the platform. What Traders Should Do Users holding open orders on any of the affected pairs should cancel them before the delisting time. After delisting, any remaining open orders will be automatically removed, and the pair will no longer be tradeable. Binance recommends that traders review their portfolios and adjust their strategies accordingly. The delisting may also affect automated trading bots or strategies that rely on these specific pairs. Traders using such tools should update their configurations ahead of the deadline. Market and Industry Context Delistings of this scale are not uncommon for Binance, which has delisted dozens of pairs over the past year as part of ongoing market surveillance. The move reflects broader industry trends where exchanges are tightening listing standards in response to increased regulatory scrutiny and a push for higher quality trading environments. For projects like Curve DAO Token (CRV) and Elrond (EGLD), the delisting of BTC pairs may shift trading volume to other pairs or exchanges, potentially impacting short-term liquidity. However, both tokens remain actively traded on major pairs elsewhere on Binance and other platforms. Conclusion Binance’s delisting of seven spot trading pairs on June 5 is a standard operational decision aimed at maintaining market quality. Traders should act promptly to cancel open orders on the affected pairs and verify the availability of alternative trading options. While the delisting may cause minor short-term disruptions, it reflects the exchange’s ongoing commitment to a healthy and compliant trading ecosystem. FAQs Q1: Will the tokens themselves be removed from Binance? Not necessarily. Only the specific trading pairs listed are being delisted. The underlying tokens (e.g., CRV, EGLD) may still be available for trading through other pairs like CRV/USDT or EGLD/USDT. Check Binance’s token page for full details. Q2: What happens to my open orders on these pairs? Any open orders on the delisted pairs will be automatically canceled after the delisting time. It is recommended to cancel them manually before the deadline to avoid any confusion. Q3: Why did Binance delist these specific pairs? Binance cites low liquidity and trading volume as common reasons for delisting. The exchange conducts regular reviews to ensure listed pairs meet its quality standards, and pairs that fall short are removed to protect users and maintain market efficiency. This post Binance to Delist 7 Spot Trading Pairs Including CRV/BTC and EGLD/BTC on June 5 first appeared on BitcoinWorld .
2 Jun 2026, 05:54
Ripple Celebrates Launch of Round-The-Clock CME Crypto Trading
Ripple Prime has been integrated as a day-one clearing and financing partner for CME Group’s newly launched 24/7 cryptocurrency derivatives marketplace.
2 Jun 2026, 05:53
Solana clings to $80 support as ETF outflows shake crypto markets hard
Solana price has remained trapped between $80 and $83 since May 28, as weak network activity and a cautious macro backdrop have kept buyers on the sidelines. According to market data, SOL has struggled to build momentum despite repeatedly defending the $80 area, a level that several analysts view as one of the most important support zones on the chart. The lack of upside follow-through comes as activity across Solana's memecoin sector continues to cool. Over the past year, speculative trading, launchpad activity, and elevated decentralized exchange volumes played a major role in driving demand for the network. As interest in many of those tokens faded and prices collapsed, transaction activity declined alongside it, reducing one of the ecosystem's strongest sources of demand for SOL. Pressure has also come from the supply side. Scheduled token distributions linked to the FTX bankruptcy process have continued to release SOL into the market, while early investors and venture capital participants have also gained access to previously locked tokens. Those additional coins entering circulation have created a steady stream of selling pressure that the market has struggled to absorb. Outside the crypto sector, geopolitical tensions have added another challenge for risk assets. Recent military exchanges involving the United States and Iran have increased uncertainty across financial markets, pushing some investors toward traditional safe-haven assets such as gold, cash, and US Treasuries. This geopolitical shock collided with a massive institutional exodus from the crypto market as a whole, heavily impacting major assets. Over two weeks leading into June, more than $2 billion exited US spot Bitcoin ETFs, including massive single-day dumps from giant funds like BlackRock's IBIT. As capital drains out of Bitcoin, it triggers a broader market contraction. Bitcoin’s dominance has risen as investors consolidate what little crypto exposure they keep into BTC, leaving altcoins like Solana particularly exposed to severe capital flight. Traders are also cautious around interest rate expectations, which have added further pressure. Persistent inflation concerns have reduced expectations for aggressive Federal Reserve rate cuts, keeping Treasury yields elevated and maintaining competition for investment capital. Higher yields often make speculative assets less attractive because investors can earn returns from lower-risk alternatives. SOL price analysis On the technical side, Solana's daily chart shows a market attempting to hold a critical support level after several failed recovery attempts. SOL/USDT 1-Day price chart. Source: TradingView. Price is currently trading near the lower Bollinger Band while remaining below the indicator's midline around $84.7. Repeated rejections beneath that area suggest buyers have been unable to regain short-term control, leaving resistance firmly established between roughly $84 and $85. A notable feature on the chart is the appearance of two consecutive double-top formations during the recent consolidation period. Both patterns developed after recovery attempts stalled and were followed by declines back toward support. In technical analysis, a double top is generally viewed as a bearish reversal pattern because it signals repeated failures to push through resistance. Momentum indicators also show weakness. The Relative Strength Index has fallen to around 35, placing it close to oversold territory while remaining below its signal line. Although an oversold reading can sometimes precede a rebound, the indicator currently points to fading buying strength rather than renewed momentum. Volume trends provide a similar message. Trading activity has gradually declined during the consolidation phase, indicating that buyers have not returned in sufficient numbers to support a sustained move higher. Why $80 remains the key level Crypto analyst Scient has identified the $79 to $80 region as the most important area on Solana's weekly chart because it aligns with the 2024 cycle low. SOL/USDT 1-week price chart. Source: Scient on X. “The $79-$80 is the level for SOL. Hold it and the setup remains intact. Lose it and price likely revisits the mid $20s,” Scient said. The analyst noted that Solana has failed to break above the $210 area on three separate occasions since 2021. After the latest rejection near that level in late 2025, the price returned to the lower end of its multi-year trading range, where buyers have repeatedly stepped in. Rather than viewing the current structure as a confirmed breakdown, Scient argued that the market may still be forming an accumulation range. As long as support around $80 remains intact, the analyst believes the zone could serve as the foundation for another breakout attempt in the future. The post Solana clings to $80 support as ETF outflows shake crypto markets hard appeared first on Invezz
