BlockBeats news, on June 14, CryptoQuant analyst Axel posted on social media that, according to the Bitcoin Senior Sentiment Index, the current reading has dropped to about 46%, slightly below the neutral threshold of 50%. The chart shows that although bullish sentiment in the market soared to over 80% at the beginning of June, the index has continued to decline since then—even though the recent price has slightly rebounded from $103,000 to $105,000, both the open interest and net buying volume have not formed effective support, and the volume difference remains close to zero. Currently, the price remains in the range of $103,000-$105,000 but there are no obvious signs of new buying entering the market. To sustain the upward trend, the index needs to rise back to the range of 60-65%, which requires a synchronous increase in net active buying volume and open interest. Otherwise, the market may test the support level in the range of $102,000-$103,000.
BTC breaks key support, cryptocurrency market falls into turmoil, Daan Crypto issues a warning!
Bitcoin, as a barometer of the cryptocurrency market, is facing a critical technical test. As of now, BTC is priced at about $104,000, with a 24-hour decline of 2.5%. The declines in mainstream altcoins are even more significant: Ethereum dropped by 8%, and Ripple fell by 4%. Market risk sentiment is rising, and buying power is clearly shrinking.
The technical structure of Bitcoin is deteriorating. Renowned analyst Daan Crypto pointed out that since Bitcoin fell below the $108,385 range high, it has entered a narrow fluctuation stage. Although there are still attempts to resist selling in the short term, the overall structure is bearish.
BlockBeats News, June 13, according to monitoring by The Data Nerd, 15 minutes ago, a whale address starting with 0x109 borrowed 5 million USDT from Aave and purchased 1,844 ETH (approximately 4.6 million USD). After that, the address deposited all these ETH into Aave, and currently, his wallet holds a total of 23,786 AETHWETH. #币圈
Solana Whales Go All In, But Prices Drop: What Happened?
Solana [SOL] began to pull back after rising above $168, indicating a potentially healthy adjustment phase. Naturally, whale activity and on-chain signals have raised questions: Is this drop a precursor to a stronger rally in the future? Whale and institutional participation is on the rise On June 12, the whale tracker Onchain Lens noted that two newly created crypto wallets withdrew $219.99 million worth of 1,348,741 SOL from Coinbase Prime. Such a massive outflow of altcoins is often associated with whales or institutions, which seems to be a bullish signal for the asset.
Ethereum ETH staking reaches a historical high; price trend may face a critical choice!
Ethereum (ETH) has recently made significant progress in its on-chain fundamentals. As of now, 34.8 million ETH have been staked, accounting for nearly 30% of its circulating supply, setting a new historical record and officially surpassing the previous high set in November 2024. More promisingly, the market is about to welcome the launch of ETH spot staking ETFs, which is expected to bring a new round of entry window for institutional funds, further driving the scale of staking up and injecting new confidence into the market.
Whales have not significantly distributed; ETH may still be in a mid-term accumulation phase.
BlockBeats News, on June 12, according to Lookonchain monitoring, a certain whale user created a new address "3NgFx6" and spent 14,850 SOL (approximately 2.48 million USD) to purchase 1.68 million Fartcoin.
After the release of the Consumer Price Index (CPI) for May, Bitcoin's price momentum has further strengthened. The index shows an inflation rate increase of 2.4%, far below the general expectations of 73 economists surveyed by Bloomberg. The weakening inflation data has sparked market participants' expectations that the Federal Reserve may cut interest rates later this year, which is usually favorable for risk assets like cryptocurrencies. As the largest digital asset by market capitalization, Bitcoin has approached the threshold of $110,000, rising 4.4% in the past week. The general easing of trade tensions and the increasing number of companies incorporating Bitcoin into their financial strategies have supported Bitcoin's upward momentum, highlighting the continuous strengthening of institutional investor confidence.
The U.S. Securities and Exchange Commission (SEC) is gradually delaying the ETF applications for altcoins such as XRP, Solana (SOL), Litecoin (LTC), and Cardano (ADA). The market is eagerly anticipating which altcoin ETF will be approved after Bitcoin and Ethereum. Bloomberg ETF analysts Eric Balchunas and James Seyffart predict that Solana may be the first altcoin to receive approval for a spot ETF. Bloomberg ETF analyst Eric Balchunas also pointed out that there may be an altcoin ETF led by Solana coming this summer. At this time, Eric Balchunas stated that it is highly likely that altcoin ETFs will receive large-scale approval this summer.
The seasonally adjusted CPI month-on-month rate for May is 0.1%, expected 0.2%, previous value 0.2%. The unadjusted CPI year-on-year rate for May is 2.4%, expected 2.5%, previous value 2.3%. The unadjusted core CPI year-on-year rate for May is 2.8%, consistent with the expected 2.8% and the previous value of 2.8%. The seasonally adjusted core CPI month-on-month rate is 0.1%, expected 0.3%, previous value 0.2%. As the CPI data is below expectations, traders have increased their bets on a rate cut by the Federal Reserve in September.
Strategy (Stock Code: MSTR) founder and major Bitcoin supporter Michael Saylor reiterated his optimistic view, stating that a cryptocurrency winter is unlikely to occur again and that Bitcoin could eventually break the $1 million mark. Since 2020, Strategy has continuously increased its Bitcoin holdings, making it one of the largest publicly traded Bitcoin holders in the world, which has boosted market confidence in the performance of Bitcoin and MSTR stock. Saylor emphasized that the growing popularity of institutional investors, ongoing macroeconomic inflation pressures, and the evolving policies of the Federal Reserve are key factors in enhancing Bitcoin's status as digital gold. He highlighted that holding Bitcoin remains a strategic hedge against the depreciation of fiat currencies, underscoring the increasing importance of Bitcoin in diversified portfolios amid economic uncertainty. The BiyaPay platform supports seamless access to the US and Hong Kong stock markets (including MSTR) through USDT trading without the need for offshore accounts. BiyaPay supports over 30 fiat currencies, including USD, HKD, EUR, and SGD, providing a secure and efficient channel for global asset allocation, connecting traditional finance with digital assets. Given Bitcoin's inherent price volatility and fast-changing market dynamics, Saylor's steadfast belief continues to influence investor sentiment and the stock price fluctuations of MSTR. Investors seeking potential upside in Bitcoin may consider leveraging BiyaPay's streamlined platform for convenient market entry.
Is Ethereum ETH replicating Bitcoin's trajectory in 2021? Analysts predict: the target may point directly to $15,000!
Is Ethereum replicating Bitcoin's explosive trajectory in 2021? Recently, cryptocurrency analyst TradingShot expressed the view on TradingView that Ethereum's current price structure is very similar to Bitcoin's movement leading up to the bull market outbreak in 2021, and it may be on the path of repeating history. ETH's trend is remarkably similar to BTC's cycle in 2021
TradingShot points out that the current pullback of Ethereum is very similar to Bitcoin's deep retracement during the COVID-19 lockdown in 2020. At that time, BTC fell sharply from above $9000 to below $4000, with a decline exceeding 50%. Subsequently, Bitcoin rebounded strongly, breaking through both the 1-week MA50 moving average and the downward trend line, eventually reaching an all-time high of $69,000 a year later.
Solana-based ETFs and Ethereum staking ETFs are receiving significant attention. Reports indicate that the U.S. Securities and Exchange Commission (SEC) has requested fund issuers for Solana ETFs to submit updated registration documents, indicating that they are actively engaging with regulators. The complexity of incorporating a staking mechanism into the ETF structure is currently under discussion, and this new feature could enhance investors' return opportunities. This development highlights Solana's growing influence and the increasing complexity of crypto financial products.
BlockBeats News, on June 11, according to Cointelegraph, the current price of Bitcoin is $109,601. Bitwise researchers André Dragosch and Ayush Tripathi stated that it is expected to break through $200,000 by the end of the year and eventually reach their estimated 'fair value' of $230,000. In their weekly cryptocurrency market outlook, Dragosch and Tripathi pointed out that the soaring U.S. federal debt, mandatory spending exceeding income, coupled with Trump’s proposed 'beautiful tax plan', are key factors behind their bullish outlook on Bitcoin. The U.S. Congressional Budget Office (CBO) predicts that by 2030, net interest expenditure will grow to $3 trillion, raising concerns in the market about a U.S. sovereign default. Bitwise analysts stated: 'The scarcity and risk-resilience of Bitcoin put it in a uniquely advantageous position amid fiscal instability and improving market sentiment.' If these trends continue, Bitcoin is expected to exceed price expectations by the end of the year.
As the macro wave structure forms, XRP targets the $2.50 decision zone
On Tuesday morning in Europe, XRP was trading at around $2.30, continuing its rebound momentum for two consecutive days, bringing its price back to the upper half of a seven-month range, which has been confined between $2.00 and $2.80 since last December. Analyst Quantum Ascend believes this compression phase is now approaching a technical pivot point that will determine whether the next move is a strong third wave rally or a final second wave drop. XRP tightens to the decision zone In a video released on June 9, the trader pointed out: "We have been in this range since early December... fluctuating between $2.80 and $2.00." He then zoomed in on the video, showing what he deemed the only "reasonable" Elliott wave count: a five-wave rise from last year's low, followed by a five-wave corrective pullback. "What we are seeing now is the five waves in the downtrend... this is the macro second wave... now we are waiting for the three, four, and five waves," he stated, adding that while he tactically shifted to "altcoins with more remaining funds," XRP still accounts for about 12.5% of his portfolio.
Bitcoin BTC Soars: The Three Key Factors Driving the Rise of Cryptocurrency!
The leading cryptocurrency, Bitcoin, soared to $110,260 later on Monday, June 9, shedding the selling pressure from the previous week and rising over 4% in the past 24 hours. This means Bitcoin is only 2% below its all-time high, supporting a broader market recovery led by Ether. The total amount of open futures positions increased by about 6%, reaching $154.8 billion, with the liquidation amount of leveraged positions exceeding $445 million, of which $204 million came from Bitcoin positions.
Analysts highlight three key factors driving this price surge: reduced regulatory uncertainty, sustained institutional demand, and enhanced liquidity.
BlockBeats News, June 10, according to official news, the UK's Insolvency Service has appointed its first full-time cryptocurrency intelligence expert, aiming to help recover more funds for the UK economy through bankruptcy cases. Former police investigator Andrew Small will assist in tracking digital assets in criminal cases and provide the agency with detailed knowledge about the cryptocurrency market. The Insolvency Service is responsible for tracing and recovering funds and assets belonging to bankrupt individuals or liquidated companies during bankruptcy proceedings.
PEPE Whale Sells $11.65 Million—Traders, Is This a Warning Signal?
A large whale has just deposited 1 trillion Pepe [PEPE] (worth $11.65 million) into Binance after holding it for 21 days. This whale initially extracted 2.209 trillion PEPE, valued at $27.68 million, and currently holds 1.2 trillion tokens, worth approximately $14 million.
This move locks in a real loss of $1.95 million. Such behavior typically signals a trend reversal or exit phase. Therefore, this high-profile sell-off may not just be about taking profits. This could be a signal that large holders are preparing to sell their positions, especially if the price weakens further around the current levels.
According to Nansen's latest analysis, the blockchain networks with the highest number of active user addresses over the past week highlight a significant trend in network participation. Solana leads with an impressive 34.69 million active addresses, reflecting its strong user engagement and adoption rate. Following Solana, Ethereum maintains strong growth with 11.35 million active addresses, underscoring its continued dominance in decentralized applications and smart contracts. Tron ranks third with 8.279 million active addresses, showcasing its expanding ecosystem. The BNB Chain and Avalanche network also demonstrate significant activity, with 6.162 million and 4.093 million active addresses, respectively. This data provides valuable insights into user engagement across major blockchain platforms, which is crucial for investors and developers monitoring market dynamics and network vitality.
lockBeats message, on June 9th, according to official news, the first Layer 1 network based on USDT, Stable, has been officially announced. This project is supported by Bitfinex and the unified liquidity protocol USDT0 of USDT, with the network using USDT as its native Gas, and peer-to-peer USDT transfers are free. Tether's CEO Paolo Ardoino is an advisor for this project.
It is reported that Stable's market positioning is financial institutions, rather than retail users. Currently, its internal test network has been launched, and the team is guiding early builders to explore SDKs for wallets, applications, and custody integration.