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Hedera Price Prediction: Will HBAR Hit $1 As Bulls Return & ETF Buzz Builds?

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Key Insights:

  • HBAR shows bullish momentum as ETF buzz and rising long positions support the notioin of a bullish Hedera price prediction.
  • Hedera’s price consolidation at $0.179 signals a potential breakout above $0.182, targeting $0.190 resistance.
  • With a MACD bullish crossover and RSI in the 60s, HBAR is positioned for upward momentum, aiming for higher resistance levels.

The cryptocurrency market has recently experienced a surge in attention, and Hedera Hashgraph (HBAR) is among the assets gaining momentum.

With growing interest from investors and potential approval of crypto exchange-traded funds (ETFs), many are keen on a Hedera Price Prediction to $1 mark.

The current market environment suggests a bullish outlook for Hedera, but factors such as ETF developments and market sentiment will play a crucial role in determining its future trajectory.

Hedera Price Performance Amid ETF Developments

Hedera Hashgraph (HBAR) has gained attention amid growing ETF speculation, especially with recent SEC delays on ETF approvals for Polkadot and Hedera.

Despite regulatory uncertainty, HBAR has shown resilience, with recent price upticks suggesting a shift towards a bullish market structure.

The focus on ETF filings has boosted HBAR’s price, as ETF approvals are seen as a sign of legitimacy, potentially attracting institutional interest.

Traders remain optimistic, believing positive ETF outcomes could further support HBAR’s price. Historically, positive ETF news has led to price rallies for cryptocurrencies, and Hedera could follow this trend if approvals come through.

hedera ETF
Source: X

As HBAR consolidates at current levels, the anticipation of ETF developments is helping maintain upward momentum. Hedera’s price action has flipped from a bear market to a more bullish structure, signaling the potential for a breakout in the near term.

Hedera Price Prediction: HBAR Flips Bear Market Structure

Hedera’s (HBAR) price action has shown notable volatility, with the current price at $0.1797, reflecting a 1.51% gain over the past 24 hours.

The price peaked at $0.182 before retracing to find support at $0.1773, indicating a consolidation phase after a sharp upward movement.

Volume analysis reveals a 5.35% increase in 24-hour trading volume, reaching $132.89 million, sug

Moreover, the volume market cap ratio of 1.75% indicates strong liquidity, supporting potential bullish momentum.

Hedera price chart
Source: CoinMarketCap

As HBAR stabilizes at $0.179, the market awaits a possible breakout. A move above $0.182 could push the price toward resistance levels at $0.185 – $0.190.

However, failure to hold support at $0.1773 could lead to a dip toward the $0.175 level, signaling potential bearish pressure if market sentiment shifts.

CoinGlass On-Chain Data Backs Up Bullish Bias

CoinGlass on-chain data strongly supports a bullish outlook for Hedera (HBAR), as long positions continue to rise.

This indicates growing trader confidence in HBAR’s potential for upward movement, particularly as the price has consolidated above key support levels.

Increased long positions, along with the decline in short positions, further suggest a shift toward a positive market sentiment.

The correlation between rising long positions and the price movement is significant, especially after late May, when HBAR saw a sharp upward spike toward $0.25.

This price action aligns with traders expecting further gains, although some caution is warranted after the price retraced.

As long positions remain dominant, a breakout above resistance levels near $0.20 could trigger more upward momentum.

Hedera price
Source: CoinGlass

While the market has recently been consolidating, long positions outnumber short positions, reinforcing a bullish bias. If this trend continues, HBAR may push past resistance and aim for higher price targets.

Technical Indicators Align for Bullish Breakout

According to TradingView, multiple major technical indicators are suggesting that Hedera (HBAR) could be on the verge of a bullish break.

The Moving Average Convergence Divergence (MACD) indicator suggested a bullish trend as the MACD line was above the signal line.

This is a bullish crossover, and indicates that the buying power was greater than the selling power.

In addition, the Relative Strength Index (RSI) is in the middle 60s, indicating that HBAR is in the bull but not an overbought region.

It indicates that the price has not reached the overbought zone yet, which could provoke a correction. In case the RSI could muster the psychological 70 level, then HBAR could have further scope to trade at higher levels.

Hedrea price chart
Source: TradingView

With HBAR sustaining trade in a narrow range between $0.175 and $0.182, a close above this range may result in a major price action.

With the technical configuration presently in place and the prevailing developments surrounding ETF, there is a possibility that HBAR may attain greater resistance levels in the coming days.

Chainlink Price Prediction: Link Battles Key Resistance As Price Eyes Breakout Above $20

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Key Insights:

  • Chainlink’s price is eyeing a breakout above $16, with $20 being the next key resistance level.
  • LINK’s trading volume surged by 77.61%, reflecting growing market interest and bullish momentum.
  • Open interest in LINK futures rose 10.25%, showing increased trader engagement and optimism.

Chainlink (LINK) has been making steady progress in recent weeks, signaling a bullish Chainlink price prediction. After experiencing a series of price fluctuations, LINK is now facing critical resistance levels.

With the market showing growing interest, LINK’s price could smash past the $20 mark soon. This level is pivotal for further gains, as LINK’s performance could influence broader market sentiment.

Market Sentiment and Leverage Driving Chainlink’s Upward Trend

Chainlink’s price has been rising steadily, currently trading at $15.31, a 6.46% increase in the last 24 hours. The price recently moved up from $14.36, reaching a new peak. However, the key resistance level remains around $16.00, which has proven difficult for LINK to break through in the past.

This level is crucial in determining whether the price can move further into higher territory, with $20 being the next target.

The growing market interest is reflected in a significant surge in trading volume, up 77.61% to $550.5 million.

Increased volume suggests heightened participation, potentially driving further price growth. Alongside this, open interest has risen, signaling more traders are taking bullish positions on Chainlink.

chainlink price chart
Source: CoinMarketCap

Market sentiment remains positive, especially on platforms like Binance, where many traders are betting on LINK’s price to break through the $16 resistance.

While the market is showing strong upward momentum, caution is advised due to potential volatility, especially if leveraged positions face liquidation.

Chainlink Price Prediction: Derivatives Data Analysis Shows Rising Interest

The derivatives market for Chainlink shows significant activity, highlighting an increasing interest from traders. The open interest in LINK futures has grown by 10.25%, standing at $695.69 million.

This increase indicates that traders are taking on larger positions, betting on LINK’s price direction. The volume for LINK options also reflects a rising engagement, though no specific figures are provided.

In terms of long and short positions, the long/short ratio suggests a balanced but slightly bullish market. On Binance, the LINK/USDT long/short ratio is 2.45, meaning there are more long positions than short ones.

This shows a generally optimistic outlook among traders for LINK’s future performance. However, on platforms like OKX, the sentiment is more neutral, with a 1.61 ratio indicating a moderate level of bullishness.

Chainlink price
Source: CoinGlass

The market also shows signs of potential short squeezes, with short liquidations outweighing long liquidations in recent hours. The total liquidation figure of $1.18 million over the past 24 hours highlights the potential risks in the current market.

Liquidations in both long and short positions are notable, as they can result in sharp price movements. This risk makes it important for traders to stay alert to shifts in market sentiment.

Technical Indicators Suggest Potential for a Breakout

Chainlink (LINK) is changing hands at $15.303 representing a minor gain of +0.04% in the last 24 hours. The market has been unable to decide on the price as it has been range bound between $15.00 and $16.00.

However, the bullish trend that has been formed lately after touching a low of $14.00 indicates a possible bullish reversal.

The MACD indicator depicts a minor positive momentum, as the MACD line is at 0.135, above the signal line (0.270). The histogram is in retreat, but it is still positive, which reflects buying pressure. Meanwhile, the Awesome Oscillator, at the same time, is also bullish with a current value of +1.263, which indicates a very strong market momentum. Morever, both signs provide evidence that the existing purchasing power may be subsiding, and it is essential to exceed the $16.00 to ensure that the additional bullish momentum is present.

chainlink price chart
Source: TradingView

The important support is still at $14.00 to $14.50, and resistance at $16.00. Provided that LINK manages to break above $16.00, the rise towards $17.00 or even more becomes possible. A failure to achieve this however might result in a pullback to support levels more so when the momentum falters.

Solana Price Could Hit $300 As SEC Moves Toward Solana ETF Approval

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Key Insights:

  • SEC may approve Solana ETFs within 3-5 weeks, boosting institutional access to Solana assets.
  • Staking features in Solana ETFs could attract investors seeking rewards and exposure.
  • Solana’s price surge toward $300 possible as SEC nears ETF approval, testing key resistance levels.

Solana (SOL) is showing signs of a major price surge, with some analysts predicting a potential rally to $300. This optimism stems from recent developments regarding Solana Exchange-Traded Funds (ETFs).

The U.S. Securities and Exchange Commission (SEC) has requested amendments to the S-1 forms from Solana ETF issuers, which could pave the way for approval in the coming weeks.

These updates bring Solana one step closer to being integrated into mainstream financial products, which may positively influence the altcoin’s price.

SEC Requests Amendments for Solana ETF Approval

The SEC’s recent request for Solana ETF issuers to amend their S-1 forms signals a potential acceleration in the approval process. This amendment includes key updates such as in-kind redemptions and staking features.

According to Bloomberg analyst James Seyffart, the SEC’s actions indicate a shift toward faster approval of Solana ETFs, possibly within the next few weeks.

If approved, Solana ETFs could be available to institutional investors sooner than expected, marking a significant step for the cryptocurrency.

Altcoin ETF
Snap | Source: X

The inclusion of staking in these ETFs is especially important, as it ties into Solana’s core network function.

Staking allows investors to lock their tokens, secure the blockchain, and earn rewards in return. This feature could attract more investors, enhancing demand for Solana and potentially driving its price upward.

If Solana ETFs are approved, it could spark further interest in the altcoin market, with other cryptocurrencies possibly following Solana’s path toward similar regulatory approvals.

Potential Solana ETF Approval Timeline

Solana ETFs would be the first to bring a regulated and secure means of institutional investors to gain exposure to Solana, unlike Bitcoin ETFs, which have already received widespread attention. This would pave the way to increased institutional involvement in the altcoin market.

According to Bloomberg analyst James Seyffart, the SEC may give a green light to Solana ETFs in a period of three to five weeks, but a final ruling may take longer.

The attention of the regulatory body to Solana and staking ETFs improves the chances of quicker approval. Should these ETFs be accepted, they would become the first altcoin ETF that institutions could invest in within the U.S., which could bring heavy altcoin interest to Solana.

The listing of Solana ETFs is likely to lead to the wider adoption of cryptocurrencies in the traditional financial system.

Staking Integration Boosts Solana ETFs’ Appeal to Investors

The proposed Solana ETFs will be a major feature because they will include staking that enables investors to receive rewards without taking any action. The action is an indication of the increased receptiveness of staking in crypto-related financial products by the SEC.

Staking is now an important process in the Solana blockchain, and it offers security and incentives to participants. The SEC is reversing its approach to crypto regulation by permitting staking in the ETFs.

Marinade Finance, a leading staking provider, has been chosen as the sole staking partner of the Canary Marinade Solana ETF, the first Solana ETF available in the U.S to feature staking.

The growth creates additional attractiveness among investors who want to gain exposure to Solana through financial products and get rewards.

This indication of flexibility in approach to regulation given by the SEC in allowing staking integration indicates a possibility of wider progress in other crypto assets, should high-growth projects such as Solana be allowed to pioneer the way.

Solana Price Poised for Surge: $300 Target in Sight

The price of Solana has been displaying bullish signs following a recent decrease in its value, generating a bullish pattern, which indicates a possible breakout. The price had zoomed up since April low of $95 to a high of $184, forming a bull flag pattern.

The pullback of the flag was formed by a decline of 23% towards the end of May to a low of $141 and Solana is currently testing a breakout of the flag resistance level and the price is trading at around $160.

The technicals are indicating a bullish setup. The Moving Average Convergence Divergence (MACD) has presented a buy signal, and should Solana manage to break and close above the $160 resistance level and construct three strong candlesticks, it may commence a rise to a fresh all-time high of $300.

However, the Relative Strength Index (RSI) is yet to break the 50 level, indicating that the bears have not lost all control. The bullish trend would be confirmed and aid the price explosion in case of a decisive close above 50 on the RSI.

1-day SOL/USDT Chart
1-day SOL/USDT Chart | Source: TradingView

Provided that it maintains the current momentum and manages to overcome major resistance areas, Solana may experience a massive bull run, with $300 being a possible target in the short term. As the price action continues to unfold, investors will be waiting to be confirmed by the technical indicators.

Whales Scoop Up $120M In Cardano As ADA Eyes $0.77 Breakout

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Key Insights:

  • Cardano whales bought 120 million ADA in 48 hours, increasing market confidence amid rising Bitcoin and Ethereum prices.
  • ADA struggles below $0.70 despite whale activity and Cardinal’s launch, while the wider crypto market shows strong gains.
  • Cardinal protocol allows decentralized Bitcoin access in Cardano DeFi, removing centralized bridges using wrapped UTXO and MuSig2.

After bouncing from support around $0.62 last week, Cardano’s (ADA) price recovery has stalled below the $0.70 mark. At about $25 billion, the token was trading near $0.68 and is down slightly more than 1% on Tuesday. In contrast, major cryptocurrencies such as Bitcoin and Ethereum have been doing well.

This slow uptrend is in sync with the launch of the Cardinal protocol, a project that looks to integrate Bitcoin into the Cardano DeFi ecosystem. Meanwhile, whale wallets have been accumulating over 120 million ADA worth more than $120 million in the last 48 hours, indicating growing institutional confidence.

Whales Intensify Accumulation as Market Sentiment Turns Bullish

In the last two days, whales have bought over 120 million ADA, causing Cardano to see a huge spike in large wallet accumulation. Institutional investors have been showing strong signals of confidence in recent weeks, and this is one of the strongest.

On-chain data shows that these purchases were made during ADA’s attempt to bounce off of multi-week lows.

Cardano whales movement
Cardano whales movement | Source: Santiment

Bitcoin and Ethereum have also led the broader crypto market to bullish momentum. Bitcoin is trading at around $109,600, up 3.81% in the last 24 hours, while Ethereum has gone up 7.61% to $2,678. Global market cap has hit $3.57 trillion and the Fear & Greed Index is at 71, meaning everyone is confident.

Despite this, Cardano is still within the top ten cryptocurrencies by market cap and has managed to record over $800 million in daily trading volume. But, ADA still trades below its key resistance levels. Liquidity is increasing and long positions are building but a sustained breakout will need to be above $0.70 and $0.77.

Cardinal Protocol Bridges Bitcoin to Cardano’s DeFi Layer

Adding to the bullish momentum, the launch of Cardinal represents a significant milestone for the Cardano ecosystem.

Cardinal is a decentralized protocol that lets Bitcoin holders utilize DeFi services such as lending and borrowing directly on the Cardano blockchain. Wrapped UTXO and MuSig2 cryptographic security mechanism eliminates centralized intermediaries.

This protocol is compatible with Ethereum, Solana, Avalanche and other networks. Off-chain verification is done using BitVMX, while on-chain validation is done using Cardano’s smart contracts. This allows for a seamless integration between Bitcoin and the Cardano DeFi ecosystem without the need of custodians.

The system is not yet production ready but the developers confirmed that they continue to make improvements until they reach a full version 1.0.

Users can burn wrapped tokens and get native Bitcoin at any time with greater trust and flexibility thanks to Cardinal. This is expected to make Cardano a stronger force in multi-chain DeFi development.

Technicals Show ADA Pressing Against Key Resistance

At press time, Cardano is trading at around $0.68 and is getting close to a critical resistance level at $0.72. On the 3-day chart, ADA has been moving inside a descending parallel channel since early Q1 2025.

The price action is close to the channel midline, and a close above $0.70 would confirm a possible breakout from this formation.

ADA Price chart
Source: X

Trading volume was on the rise at the time of writing, indicating rising demand. The whale accumulation and overall market rally had turned momentum positive. If ADA can keep its gains above $0.69, it could quickly move toward $0.75.

Further resistance was placed at $0.77 (0.618) and $0.83 (0.5), and strong support was found at $0.62 and $0.573. In the past months, these zones had been repeatedly tested.

If ADA is rejected from current levels, it could fall back to the lower channel boundary, but buying pressure continues to keep bulls in control.

Ethereum ETFs See $52.7M Inflows, The Likelihood Of A Rally To $2,800 Is…

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Key Insights:

  • Spot ETH ETFs post 16 straight days of inflows, led by BlackRock and Fidelity
  • Ethereum consolidates near $2,800, breakout could target $4,000 per ZAYKCharts
  • On-chain and bridged activity point to rising Ethereum network demand and capital inflows

Institutional and on-chain activity is converging to show renewed strength in Ethereum. On June 9, U.S. spot Ethereum ETFs saw $52.7 million in net inflows, the 16th straight day of positive flows. Ethereum’s price is also consolidating just under the $2,800 resistance and speculation is rising on a possible breakout.

Currently, analysts believe that if Ethereum breaks out of the current range, it will likely reach $4,000. This momentum is facilitated by institutional investors, Layer 2 traction, and improving market sentiment.

ETF Demand Surges as Institutions Accumulate

On June 9, Farside Investors’ data showed $52.7 million in net inflows into spot Ethereum ETFs in the U.S. Fidelity’s FETH added $12.9 million, and BlackRock’s ETHA led the daily gains with $35.2 million. All other issuers remained steady, but grayscale’s mini ETH also saw inflows of $4.6 million.

etf
Source: X

This was the 16th straight day of net positive flows for spot ETH ETFs, indicating continued interest from big funds. Total net flows were broadly positive on June 4 and June 5, despite some minor outflows in some of the funds.

So far, cumulative inflows since the May 22 launch have reached $3.39 billion, with BlackRock and Fidelity leading the list.

As flows continue to rise, top crypto analysts are pointing to growing institutional conviction. Nasdaq-listed Metalpha moved $48.45 million in ETH from Binance to a Gnosis Safe, suggesting direct ETH exposure.

This matches with how ETFs buy, indicating that spot and custodial accumulation is taking place.

Ethereum Price Holds Key Range Amid Technical Strength

Meanwhile, Ethereum has broken out of a large descending wedge and is now trading near $2,690 and consolidating between $2,400 and $2,800.

ZAYKCharts says that this bullish rectangle could be a base for a breakout to $4,000. A move above $2,800 would confirm the continuation pattern and give a 46% upside.

Ethereum price forecast
Ethereum price forecast | Source: X

The consolidation comes after a sharp reversal from April’s lows near $2,000, showing that demand has soaked up the recent dip. Ethereum’s price structure is building upward pressure, and ETF inflows add to the story of overall market confidence.

Buyers have so far defended key support levels around $2,400, maintaining the bullish momentum.

TOP Bridged Net Flows
Source: Artemis

Meanwhile, QuintenFrancois said that Ethereum is “about to melt faces” as the asset gains strength in this low-volatility phase. Price action and volume trends point to a buildup before a big move, and the breakout zone is still well-defined.

Network Fundamentals Support Price Action

Also, Ethereum’s on-chain data is supporting price action. Data shared by TedPillows shows that the Ethereum network processed 41.98 million transactions in May, the most in a year. June activity is strong, but slightly lower due to early-month seasonality.

Ethereum network transactions
Ethereum network transactions | Source: X

Meanwhile, Ethereum also accounted for the bulk of stablecoin supply growth and net bridge flows over the last 24 hours.

According to Artemis data, ETH had the highest stablecoin inflows and the most capital bridged into the network, surpassing chains like Solana, Arbitrum, and OP Mainnet. This shows an increase in utility and user confidence in the base layer.

Transaction fees have also declined over the past 30 days in Ethereum Layer 2 ecosystems and this has helped to sustain user activity.

Base, World Chain, and Arbitrum all saw 30-85% fee drops while Base was the only L2 to see fee growth. Scalability and long-term adoption is supported by lower costs, especially during high transaction periods.

Bitcoin Tests Key $110K–$112K Resistance Amid Tepid US CPI Print

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Key Insights:

  • Bitcoin approaches $112K, with analysts warning of either a breakout toward $150K or pullback to key $94K and $80K zones.
  • Spot and futures trading volumes fall to 2020 levels, signaling caution despite Bitcoin ETFs reaching $70B in assets.
  • Institutional inflows into crypto funds hit record highs in May, with BitMine also acquiring 100 BTC for its treasury.

Bitcoin is flirting with resistance levels amid a cautious US inflation print and political heat in the US. BTC is at a critical technical junction, currently sitting just below the $110K – $112K resistance range. This zone, according to analysts, could be the one that decides if Bitcoin will surge to new highs or experience a sharp retracement.

Despite overall network activity and volumes signaling consolidation, institutional interest is growing while spot ETF inflows continue to rise.

Bitcoin Flirts with Resistance as Traders Watch $112K Zone

Bitcoin is trading at $109,480, just 2% off its previous all-time high of around $112K. Technical patterns indicate that a decisive break above this level could take prices to $135K – $150K.

But, rejection at this resistance could cause a short-term pullback towards $100K or lower to $94K and $80K support levels.

BTC USD
Source: X

However, analysts like Crypto Patel are cautious, opening short positions with tight stop losses, saying that the market is overbought.

Moreover, the multi-year charts show an ascending wedge with the neckline resistance. In past cycles, this area has been a reversal zone.

Bitcoin continues to stay above its long-term trendline support, which is bullish for the medium to long-term investors. The strength of volume indicators also shows, but recent metrics suggest the hesitation of the market near these key price levels.

Spot Volumes Drop, Futures Activity Plummets to 2020 Lows

Spot and futures volumes at CEX have plummeted, with futures volumes back at October 2020 lows. TedPillows noted this as a possible ‘HODL mode’ among investors, something that’s common during market indecision or in transition.

A decreasing leverage, as indicated by the current futures to spot volume ratio, will decrease the volatility but will also make the immediate breakout potential less effective.

Bitcoin CEX Futures vs Spot Trading Volume (USD)
Bitcoin CEX Futures vs Spot Trading Volume (USD) | Source: CryptoQuant

But daily Bitcoin network transactions have also fallen to levels not seen since late 2023. While institutional allocations are rising, this slowdown in on-chain activity is divergent from the capital inflows.

Transactions on the Bitcoin Network (Daily, 7DMA)
Transactions on the Bitcoin Network (Daily, 7DMA) | Source: Theblock

Lower activity can be taken as consolidation, but there is still space for sudden big moves once volatility returns. Weak volumes have not been enough to weigh on price, as there is strong ETF accumulation and treasury purchases.

The divergence indicates that long-term holders are accumulating while traders are cautious in the short term. Therefore, any breakout would probably require fresh volume strength to be sustained.

Institutional Flows Drive Optimism Despite Mixed Market Metrics

According to Morningstar, crypto fund net assets hit an all-time high in May as they saw over $7 billion in monthly inflows. This confirms that institutional appetite for digital assets as hedging tools in an increasingly unstable macro environment is growing.

BTC Price chart
Source | X

At the same time, BlackRock’s IBIT ETF reached $70 billion in assets in 341 days, the fastest-growing ETF in history. IBIT was highlighted by Eric Balchunas to have beaten previous records set by GLD and others by a wide margin.

On the other hand, Robert Mitchnick of BlackRock says that this ETF growth continues to attract more institutions and wealth advisors.

But despite that, adoption is still in its infancy, indicating there is more long-term upside.

BitMine Immersion Technologies also announced its first step into Bitcoin treasury strategy by purchasing 100 BTC. The company acquired the coins using the proceeds from recent capital raises and with confidence in BTC’s long term value proposition.

Corporate accumulation of such helps to build a floor for Bitcoin prices, especially when paired with institutional ETF demand.

Bitcoin’s Market Cap Still Trails Major Asset Classes

Bitcoin, which has now hit $2 trillion in market cap, is still tiny compared to other global asset classes. The cryptocurrency runway for long-term growth is real estate, bonds, and equities, all of which are greater than $100 trillion.

global asset by market cap
Source |X

Although the ETF activity and corporate involvement are on the rise, the Bitcoin Conference noted that this gap is indicative of early-stage adoption. Long-term holders are being supported by these comparisons, but price action is still dependent on short-term technical dynamics.

$15 Billion In Bitcoin Bullish Positions Are On The Way To Liquidation: Here’s How

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Key Insights:

  • Bitcoin’s recent recovery from $100,500 to $105,500 shows an incoming short squeeze that could liquidate $15 billion in bearish positions.
  • Analyst Rekt Capital notes that Bitcoin has just broken a two-week downtrend, with a daily close above $106,600.
  • A 10% upward move in Bitcoin’s price could trigger $15.1 billion in short liquidations, as opposed to only $9.6 billion for a 10% downside move.

Bitcoin’s price action is heating up, and traders are watching the $100,000–$110,000 zone for a breakout in either direction.

After enduring a short-lived correction down to $100,500, BTC is back to showing signs of strength, with some analysts predicting a possible short squeeze.

The interesting part about this short squeeze is that it could liquidate over $15 billion worth of bearish positions. Here’s how multiple indicators are flashing bullish signals and the levels to watch in the days ahead.

Bulls Return as Bitcoin Reclaims Support

Bitcoin’s price dipped to around $100,500 earlier in the week. However, it has since rebounded and is hovering near the $105,500 mark by the 8 June weekly close. The recovery has since made investors more optimistic, as analysts continue to bet on a continued uptrend.

According to crypto analyst Rekt Capital, Bitcoin has now broken out of a two-week downtrend on the daily chart. This breakout, if followed by a daily close above $106,600, would indicate that BTC is turning prior resistance into support.

Bitcoin showing signs of a breakout
Bitcoin showing signs of a breakout | Source: X

So far, Bitcoin has completed a daily close above the 10-day simple moving average, which means that the bulls are winning on the short-term as well.

This means that the rise to the upside has great chances of remaining intact.

Why a Short Squeeze Could Be Close

Market data shows that a huge concentration of short positions currently hanging in the balance. In a now viral Twitter (now X) post, Cas Abbe, a well-followed crypto analyst, pointed out the possibility of a short squeeze.

Think of a short squeeze as a scenario where rising prices force short-sellers to buy back their positions. This results in an even stronger uptrend, alongside massive liquidations.

According to Abbe’s analysis, a 10% price increase from current levels could trigger the liquidation of approximately $15.1 billion in short positions. In contrast, a 10% move to the downside would only result in about $9.6 billion in long liquidations.

Bitcoin liquidations could hit $15 billion
Bitcoin liquidations could hit $15 billion| Source|X

This imbalance shows that the market is currently skewed in favor of bearish bets.

Considering how the market tends to do the opposite when it comes to investor sentiment, a bullish surge could be inbound.

“BTC liquidation cluster is now signaling an upside move,” Abbe noted.

He also pointed out that funding rates had turned negative over the weekend. This shows that traders are aggressively shorting the market. If Bitcoin were to rally beyond $109,000–$110,000, many of these short positions would be forced to close.

$100K Holds as Psychological and Technical Support

While many eyes are on the upside, others are still focused on the strength of Bitcoin’s $100,000 support level. Trader CrypNuevo mentioned that he was building long positions near the $100K mark, considering its status as the strongest psychological support area.

He also pointed out that it offered “easy invalidation,” which means that it is a clear stop-loss level for managing risk.

Rekt Capital agrees with this, stating that the $104,400 level was important for confirming a successful support retest. A weekly close above this level would mark four consecutive higher closes, which is a sign of growing bullish conviction.

Important supports for Bitcoin
Important supports for Bitcoin | Source: X

CryptoKing, another trader, described the current price action as the “calm before the storm.” With BTC compressing just below the $107,800 resistance, he pointed out a classic volatility squeeze, saying “If we flip resistance this time, the next stop is $120K.”

When Will Altcoin Season Begin? Analyst Michael van de Poppe Weighs In

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Key Insights:

  • Crypto analyst Michael van de Poppe believes that an altcoin season is on its way.
  • Bitcoin’s current dominance is a major indicator for an incoming capital rotation into altcoins.
  • Altcoins have seen some prolonged underperformance since late 2021, with many losing up to 90% of their value.

After spending the last few years underperforming compared to Bitcoin, the altcoin market might finally be near a turning point.

According to renowned crypto analyst Michael van de Poppe, an altcoin season could be just around the corner. While Bitcoin continues to take over headlines and market share, Van de Poppe believes the current outlook is a major accumulation opportunity for altcoins. Here’s a breakdown of his reasoning and what investors should be watching for.

Bitcoin’s Dominance is a Signal, Not a Barrier

Bitcoin currently holds more than 64% of the total crypto market cap, according to CoinMarketCap. This level of dominance shows that capital is flowing mostly into BT, while the rest of the market, especially altcoins takes a back seat.

However, Van de Poppe argues that this isn’t necessarily a bad thing. In fact, it could be a precursor to an altcoin season.

Bitcoin dominates the general crypto market
Bitcoin dominates the general crypto market | Source: CoinMarketCap

Historically, once Bitcoin reaches a local top and investors start to take profits, the next logical step is a rotation into altcoins. Traders tend to start looking for better risk-reward ratios and higher potential returns.

Altcoins tend to offer just that, especially when they are still trading far below previous all-time highs compared to Bitcoin

Altcoins Have Been in a Prolonged Cooldown

While Bitcoin has been rallying and reaching new highs almost every few months, altcoins have largely remained stagnant or in slow decline. Since the late stages of the 2021 bull market, many of these assets have lost as much as 90% of their value.

Even as Bitcoin has pushed past the $100,000 mark, many well-known altcoins like Ethereum, Litecoin and EOS have failed to keep pace. This underperformance doesn’t show poor fundamentals or a lack of development as anyone would think at first glance.

Instead, it shows a wider market pattern where Bitcoin is leading the charge, and altcoins are following with some lag. Van de Poppe believes that we are in the final stages of that lag, and the altcoin accumulation phase may soon give way to a full-blown rally.

Macroeconomic Forces Are Still in Play

Another reason for the delay in altcoin momentum is the general macroeconomic backdrop. Investors across worldwide markets are still dealing with fears over central bank policy, persistent inflation and the looming threat of a recession that shakes the world. These factors are making risk assets, including most cryptocurrencies less attractive in the short term.

Van de Poppe notes that while Bitcoin and gold have both benefited from this uncertainty, altcoins are often seen as more speculative.

A few months for the altcoins to shine
A few months for the altcoins to shine | Source: X

As a result, while Bitcoin and Gold make headlines, the altcoins have been left behind as investors scramble for safer stores of value. Van de Poppe also pointed out that gold recently reached a new all-time high, which supports the idea that institutional investors are playing it safe.

Once market confidence improves, though, those same investors may begin rotating into altcoins especially if they’re hunting for yield or growth.

Where Are We in the Market Cycle?

The crypto community is still divided so far. Some believe we’re still in a bear market, while others argue that the next bull run has already begun. Van de Poppe is more on the latter side, and believes that now is the time for forward-thinking investors to start building positions in altcoins.

“Retail isn’t paying attention right now,” he says. “And that’s exactly when smart money starts buying.”

He explains that altcoin rallies often begin quietly, without much media attention. Early gains are typically taken advantage of by experienced traders and institutions that recognize the signs before the crowd catches on.

By the time the average investor hears the words “altcoin season,” many of the best opportunities have already passed. With all of this said, if the cycle repeats as it has before, the rotation into altcoins could start in the coming months.

Javier Milei Cleared In LIBRA Memecoin Scandal: What We Know So Far

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Key Insights:

  • Argentina’s Anti-Corruption Office has officially cleared President Javier Milei in the LIBRA memecoin scandal.
  • The LIBRA token’s market cap surged to over $4 billion after Milei’s February 14th X post, only to plummet 94% after.
  • The OA’s investigation concluded that Milei’s personal X account did not use government resources for the endorsement.

Argentina’s President Javier Milei has been officially cleared of wrongdoing in the LIBRA memecoin scandal that shook the crypto space back in February.

The country’s Anti-Corruption Office (OA) recently concluded its investigation and determined that Milei did not violate any federal ethics laws. This is despite the massive fallout and how drastically the token crashed after his endorsement.

Even though this ruling provides legal relief for the president, the scandal, which is now nicknamed “Cryptogate” by the media is far from over. Here’s everything we know so far.

The Rise and Fall of the LIBRA Token

The controversy started on 14 February,, when President Milei posted about the LIBRA token on his personal X account.

Within hours, the token’s market cap skyrocketed to over $4 billion, mostly fueled largely by the trust his followers placed in the presidential endorsement.

However, it all came crashing down shortly afterwards.

How it all started
How it all started | Source: X

Just as fast as it rose, the token plummeted by 94% in value and investors suffered heavy losses. The resulting backlash was immediate, with opposition leaders accusing Milei of running a pump-and-dump scheme.

They claimed that he misled the public into investing in an under-researched asset. The event ignited severe backlash across Argentina and lawsuits flooded the courts as investors demanded accountability.

Anti-Corruption Office Says Milei Acted as a Private Citizen

After several months of investigation, Argentina’s Anti-Corruption Office released its findings in June and has now cleared Milei of any official misconduct. According to the OA’s statement, the president had posted about LIBRA in a personal capacity, not as a representative of the government.

The OA pointed out that Milei’s X account had been in use since 2015, long before he assumed the presidency.

Moreover, the account had also been used for personal and political expression before the scandal. It also clarified that no government resources were used to promote the LIBRA token.

“These characteristics of the personal account on the social network X are typical of any citizen who publicly expresses their political ideas,” the report stated.

In essence, the OA found no evidence that Milei used his official status or authority to promote the token.

There was no misuse of power, no allocation of public funds and no breach of government ethics according to the agency.

Milei Was Merely “Spreading the Word”

Throughout the controversy, Milei has maintained that he did not promote LIBRA for personal gain. He argued that he only endorsed the token to raise awareness about a new financial tool that could help small businesses in Argentina.

Interestingly, after the token’s massive crash, Milei deleted the original post and even encouraged an official investigation.

His administration later signed a decree to dissolve the special task force formed to probe the scandal, after saying that its work had been completed and the findings had been forwarded to federal prosecutors.

However, not everyone is convinced. Despite the OA’s official clearance, many critics believe the investigation lacked transparency. Some like Itai Hagman, an economist and member of the Chamber of Deputies argue that the dismantling of the task force was a deliberate ploy to bury the scandal, not to close it with integrity.

“It was always a fake, they never dared to investigate anything at all,” Hagman said in a fiery post on X. “They’re covering each other up because they’re completely up to their necks in it.”

Critics cry foul
Critics cry foul| Source| X

These comments show the growing divide between Milei’s supporters, who see him as a reformer and his critics, who accuse him of using his political clout to dodge accountability.

Legal Investigations Extend Beyond Argentina

The fallout from the LIBRA scandal is not confined to Argentine soil. International legal investigations are now in progress, especially in the United States and the United Kingdom.

A U.S. federal court recently froze over $58 million in USDC linked to Hayden Davis, one of LIBRA’s major romoters. The Southern District of New York is also examining possible fraud affecting American and British investors who suffered losses during the LIBRA crash.

Davis’s involvement adds another layer of complexity. According to reports, he met with Milei on 30 January, just two weeks before the infamous post.

However, the OA report firmly denied any formal ties between Davis and the Argentine government, stating he had been introduced to Milei by members of KIP Protocol, one of LIBRA’s partners.

Solana Could Be Headed For A Massive Price Surge: Here’s What You Need To Know

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Key Insights:

  • Crypto analyst Master Ananda predicts that Solana (SOL) could be on its way to $620 or even $1,020 by early 2026.
  • Solana’s recent 24% price correction from $188 to $141 may be ending, with the formation of a higher low on the daily charts.
  • Technical indicators like the 50-day and 200-day SMAs and a 14-day RSI show mild bearish pressure, and opportunity for bullish control.

Solana might be on track for a massive price rally straight up to $620 or even $1,020, according to crypto analyst Master Ananda.

While recent market ups and downs have caused a correction in Solana’s price, technical indicators show that the worst may be over. If current trends hold. Here’s why Solana may be ready for a major comeback by early 2026.

Solana’s Current Market Position

At the time of writing, Solana has a current price of around $149.52, after recovering slightly from a recent dip to $141 from last week. While the cryptocurrency is currently trading red on the daily timeframe, it is still outperforming many other cryptocurrencies in the top 100.

Earlier this year, SOL reached as high as $188, before declining by around 24%. This drop has raised some interesting questions about whether the rally is over.

However, analysts like Master Ananda believe that this pullback could actually be setting the stage for a larger upside move.

Solana according to CoinMarketCap
Solana according to CoinMarketCap | Source: CoinMarketCap

According to Solana’s charts, the technical outlook is mixed. However, there are signs of strength here and there.

For examople, Master Ananda pointed out the 50-day Simple Moving Average, which sits at $161, alongside the  200-day SMA is at $164.19.

These figures indicate that while SOL is facing some short-term resistance, a breakout above could end the short term sluggishness and trigger fresh momentum.

Moreover, the 14-day RSI is currently 40.14, which shows that the bearish pressure is mild. It also indicates that Solana hasn’t entered oversold territory yet, which gives bulls a great opportunity to regain control.

This setup has analysts watching closely for a “higher low” formation, which could be a confirmation that the correction phase is ending.

The Fibonacci Blueprint

According to Master Ananda, the Fibonacci extension levels are showing some interesting price levels for Solana. For example, the 1.618 Extension  around $420 is considered the minimum bullish target.

If Solana were to reach and break above this level, it would show that the market is regained some strength.

Insights from master Ananda
Insights from master Ananda | Source: TradingView

In addition, the 2.618 Extension  around $620 is seen as the main target. This means that a move to this level would be the perfect indicator of bullish momentum and investor confidence.

Moreover, the 4.618 Extension  around 1,021 serves as the extended bullish scenario. This would require a longer-term breakout if Solana maintains its uptrend and the general market conditions remain favorable. These levels aren’t merely speculation. They are instead based on previous price action and retracement behavior.

The recent 24% correction has created what now looks like a higher low on the chart. If confirmed, this could be a turning point that launches Solana toward these bullish targets.

A Realistic Timeline

If this bullish scenario plays out, Master Ananda believes that Solana could hit $620 by January 2026.  This would stands as a 316% increase from current prices.

In addition, at a current price of $620, Solana’s market cap would reach approximately $325 billion. This price tag would bring the cryptocurrency closer to Ethereum’s current standing, especially if Ethereum continues its slow growth.

In fact, some believe Solana could challenge Ethereum’s dominance in DeFi and NFTs if this trend continues. Overall despite the optimism, Master Ananda warns traders not to short during a bull market, considering how sudden reversals can quickly wipe out gains.

To top things off, Solana’s dip from $188 to $141 may have already run its course. And if a new higher low is established, the stage is set for a bullish breakout over the coming months.

Dogecoin Primed For Takeoff As $4.6B Liquidity Builds Near $0.19 & $0.1995

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Key Insights:

  • DOGE has formed hidden bullish divergence, hinting at trend strength even as price consolidates near support.
  • Over $4.6B in liquidation liquidity sits between $0.189 and $0.1995, a critical magnet zone for price movement.
  • Derivatives metrics soar with a 45% volume jump and 1,673% spike in options trades, showing strong market interest.

Dogecoin is at a critical point as technical indicators and derivatives activity continue to rise.

Analysts point out that the $0.19 – $0.1995 area is a key liquidity cluster to watch as the price hovers near $0.186.

DOGE has over $4.6 billion in liquidation liquidity stacked above the current price, which could mean it is preparing for a squeeze.

At the same time, bullish divergence and increasing interest in options markets suggest the breakout move is in the cards.

Liquidity Builds Near $0.19 as Dogecoin Eyes a Potential Breakout

At the moment, DOGE is orbiting around a tight range just below two major liquidation levels. They are $0.189 with $2.46 billion in potential short liquidations behind it and $0.1995 with $2.14 billion in risk. This liquidity clustering is the perfect setting for sudden upward spikes.

Often, such levels are market maker targets or catalysts for forced buying when breached. When the price reaches these zones, shorts may start to get liquidated, which could help propel a quick breakout.

DOGE liquidation heatmap
DOGE liquidation heatmap | Source: CoinGlass

These liquidity levels are among the most crowded in the current market structure, as the heatmap confirms. Whether DOGE will break through these resistances or not will determine its next trend.

Bullish Divergence on the RSI Signals Hidden Strength for Dogecoin

Dogecoin is holding support, building hidden bullish divergence on the daily RSI, according to analyst Tardigrade.

When price makes lower or equal lows, and RSI forms higher lows, this means that there is internal strength. That’s a signal that buyers are taking pressure and getting ready for higher bids.

Dogecoin hidden bullish divergence
Dogecoin hidden bullish divergence | Source: X

The ascending support trendline from several weeks ago remains in play for the price action. The base that is rising here matches past pre break out formations where DOGE compressed before the surge. Historically, volume returns gradually before the continuation of bullish cycles in altcoin cycles.

Moreover, the DOGE is riding its mid band, which it usually respects before upward movement on the Gaussian channel.

This structure formed the last time, and DOGE rallied more than 16, 000% over the following months. Momentum holding is an indicator that another strong move could be in development.

Doge gaussian channel
Doge gaussian channel | Source: X

Additionally, Binance and OKX funding rates are still positive but not overheated. This implies that long traders are paying a premium and there is not extreme leverage. Such conditions are usually conducive to a healthy continuation rather than a blow off top.

Rising Speculation and Futures Activity Could Point to a Bigger Move Ahead

Trader participation in DOGE was also on the rise, as futures volume saw a 45.26% increase to $3.13 billion in 24 hours.

Open interest is up 0.71% to $1.99 billion, options volume is up 1,673.9% to $386.7 million. As a rule, this sharp rise in speculative activity indicates that a strong directional move is building.

Dogecoin
Source: CoinGlass

DOGE options open interest also soared 449.53% to $437.05K, indicating large amounts of hedging or directional positioning.

And not only are traders betting on volatility, they are allocating capital to the upside. This comes in line with the structural bullish cues from the spot and technical charts.

Binance and OKX are leaning long/short ratios heavily long: 2.45:1 and 2.56:1, respectively. All these are pointing to Dogecoin coming back on the radar of institutions and speculators.

DOGE’s options market is also maturing, with more traders employing complex strategies as opposed to simple leverage.

The more confident people get, the more capital they bring into breakout setups like this, as long as macro conditions support altcoin rotations.

Ethereum Leads As Crypto Fund Inflows Slow On Fed Policy Concerns

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Key Insights:

  • Ethereum saw $296.4M in inflows, accounting for 10.5% of global ETH fund assets under management.
  • Bitcoin had $56.5M in outflows, its second straight week of negative institutional flows.
  • U.S. funds led with $175M inflows, while Hong Kong and Brazil recorded net outflows.

Digital asset fund inflows last week were led by Ethereum with $296.4m, its strongest streak since late 2024. Meanwhile, outflows from Bitcoin amounted to $56.5 million as caution grows.

Regional flows changed amid policy uncertainty, with the U.S. and Germany gaining while Hong Kong and Brazil were redemptions.

Ethereum Leads Global Inflows with Renewed Institutional Demand

Digital asset investment products saw the strongest inflows last week, with $296.4 million flowing into Ethereum products. This marks Ethereum’s seventh straight week of positive flows, totalling about $1.5 billion.

With 10.5% of global Ethereum fund assets under management (AuM), this level is a big share for a single asset.

Weekly crypto asset flows
Weekly crypto asset flows | Source: CoinShares

All of these flows came from U.S.-based spot Ethereum exchange-traded funds, which pulled in $281.3 million. Now, these ETFs have enjoyed 15 straight trading days of net inflows, raking in $837.5 million during that time.

The inflows are consistent, and as ETH-based investment vehicles become more accessible and regulated, the interest from institutions is growing.

Ethereum’s latest inflow streak is its strongest since the U.S. election at the end of 2024. Investor optimism was high at the time due to more clarity on regulatory expectations.

Ethereum is gaining popularity now for similar reasons, with staking capabilities, DeFi exposure and general network utility over other assets.

Bitcoin Sees Second Week of Outflows as Sentiment Cools

On the other hand, Bitcoin investment products saw $56.5 million in net outflows, the second consecutive week of negative flows.

Uncertainty over U.S. monetary policy continued to weigh on broader sentiment, and investors continued to cut exposure. The outflows are a result of reduced risk appetite, especially by institutions waiting for policy signals.

Short-Bitcoin investment products also saw redemptions, which indicates that investors did not reposition into bearish positions but rather moved capital out completely.

This means the market is neutral as opposed to moving towards short selling. Bitcoin’s underperformance may also be related to the fact that it has fewer yield-generating capabilities than Ethereum.

A number of altcoins followed the trend of Bitcoin. Outflows of $6.6 million were recorded for XRP, which is its third week in a row of redemptions.

Meanwhile, Solana also suffered $2.1 million in outflows, which continues its relatively weak performance in recent weeks. But Sui saw $1.1 million of inflows, which is indicative of selective optimism for newer Layer 1 projects.

Flows by Asset
Flows by Asset | Source: CoinShares

All in all, the outflows from Bitcoin and major altcoins show that investors are taking a more cautious approach to crypto allocations. In the sector, macro headwinds such as inflation and interest rate uncertainty continue to be the main drivers of capital movement.

It seems that institutions are more prepared to wait for regulatory and economic clarity before allocating large amounts.

Regional Trends Highlight Diverging Investment Behaviour

In the United States, the region that led fund flows, $175 million flowed into digital asset products. This continued strength shows continued confidence in U.S.-regulated crypto products, especially the newly launched Ethereum ETFs. Next up was Germany with $47.8 million in inflows, followed by Switzerland with $15.7 million.

More modest inflows were posted by Canada and Australia, of $9.8 million and $6.5 million, respectively. These numbers show that asset managers in those regions are active but cautious.

Flows by Exchange Countru
Flows by Exchange Countru | Source: CoinShares

But there were some regions that posted notable outflows. Last week, Hong Kong, which had seen record-breaking inflows recently, reported $14.6 million in outflows.

Brazil also had redemptions of $9.2 million. These figures indicate that local economic factors or profit-taking may be behind the movement of assets in these areas.

The regional variation highlights that the sentiment of investors is influenced by national policy, local economic conditions and access to regulated investment products.

The U.S. and Germany are seeing consistent inflows because they have clearer frameworks and product offerings. At the same time, pullbacks are happening in regions that are economically volatile or lack regulatory support.

Last week’s fund flow data was overall one of a growing divide between assets and regions, as regulation, utility and monetary expectations are being factored in. Right now, Ethereum is the one that is benefitting the most from this dynamic, while Bitcoin and other cryptocurrencies adjust to a more cautious investment climate.

Aptos Faces $53M Token Unlock As Key Price Levels Signal High Volatility

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Key Insights:

  • Aptos will unlock $53.64M in tokens on June 12, the largest among tracked protocols this week.
  • Price hovers near $4.67 with leverage stacked at $4.51 support and $4.83 resistance, increasing liquidation risk.
  • EXPO2025 wallet activity surged 100% in May, driving new user growth and network adoption.

This week, Aptos enters a high volatility phase as $53.64 million worth of tokens are set to unlock on June 12. The percentage of total supply and market cap is 0.98% and 1.78%, respectively.

While ecosystem growth remains strong, current price action shows consolidation below key resistance, with momentum indicators trending lower.

Major Unlock and Market Positioning Create Price Pressure

On June 12, Aptos will release 11.31 million APT tokens, which are worth about $53.64 million. That makes it the biggest scheduled unlock this week among all tracked protocols, even larger than the next six combined.

This event brings in considerable near-term sell pressure, as unlocked tokens could enter circulation very quickly.

Token unlocks for the this week
Token unlocks for the this week | Source: Cryptorank

At the moment, APT is trading around $4.67, which is a zone with high liquidation risk on both sides. Leveraged long positions could be liquidated under $4.51, and short positions cluster around $4.83, according to CoinGlass data.

APT liquidation map
APT liquidation map | Source: CoinGlass

This has made the range between these thresholds a very tight zone, in which any decisive price movement can cause a sharp liquidation-driven move.

Additionally, APT is trading in a descending pattern on technical charts and recent attempts to break resistance levels have failed.

APT price forecast
APT price forecast | Source: TradingView

With a triple top formation on lower timeframes, it is a sign of growing selling interest. RSI going below 50 and MACD forming a bearish crossover are indicators for a short term negative outlook.

Wallet Adoption Grows Ecosystem Strength

The upcoming unlock notwithstanding, onchain fundamentals for Aptos keep improving. In May, transaction volume on the EXPO2025 Digital Wallet, built on Aptos blockchain, almost doubled.

In the month, more than 1.28 million transactions were processed and over 271,000 new accounts were added.

aptos price
Source: X

The news comes after the launch of the Aptos EXPO Memorial Stamp Rally, a campaign that gamifies user engagement in the lead up to the 2025 Expo in Osaka.

The initiative is a simple interface to award tokens to participants, combining Web2 usability with Web3 incentives. This campaign puts Aptos in the forefront of user-friendly blockchain applications.

The stablecoin market cap on Aptos has further strengthened the network by reaching an all-time high of $1.32 billion.

This means liquidity within the ecosystem is growing, and that might help take up some of the supply pressure from the unlock.

But these strong fundamentals have yet to be reflected in the price, which is still technically weak.

Bearish Sentiment and High Volatility Potential Price Structure

Moreover, technical analyst CryptoOlympics also points to a bearish price action of APT. The $4.51 support zone has held several times, but it’s very fragile, and the selling pressure is growing.

Analysts say if this level fails, long liquidations and stop-loss triggers will push the price towards $4.30 or lower.

APT Price chart
Source: X

A short squeeze could be on the upside if a breakout above $4.83 happens. Such a move would reverse short-term sentiment but would need strong volume and momentum.

Volume is rising during sell-offs at present, and on balance, volume is trending down, which is a sign of bearish dominance.

Sentiment is cautious in the market. Futures traders are slightly bearish as funding rates are slightly negative. Open interest data from Binance, OKX, and Bybit shows a lot of open interest at current price levels, which makes it more likely that prices will swing sharply if either threshold is broken.

Aptos is set for a pivotal trading period as $53 million in tokens enter circulation and leverage is stacked around key zones.

Although its ecosystem growth is positive, technical conditions indicate that traders should prepare for volatility. As the unlock approaches, all eyes remain on the $4.51 and $4.83 levels.

Hbar News Gains Traction Ahead of SEC Decision on Spot HBAR ETF

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Key Insights:

  • The latest Hbar news reveals that the U.S. SEC is set to disclose its decision on the spot HBAR ETF filings.
  • Despite the listing of HBAR ETPs in the European market, the HBAR price still appears bearish and could drop by 25%.

Hbar news is gaining traction amid growing anticipation around the U.S. Securities and Exchange Commission’s (SEC) upcoming decision on a spot HBAR ETF listing. So far, only two spot HBAR ETF applications have been submitted in the United States—one by Canary Capital and another by Grayscale.

Hbar News: SEC’s Decision on Spot HBAR ETF Filings

According to recent reports, the SEC’s decision on both filings is expected on June 11, 2025.

Meanwhile, 21Shares is making waves after launching a new HBAR ETP on Euronext Amsterdam and Euronext Paris. With this move, 21Shares joins Valour in offering HBAR-based ETPs in Europe.

Following this listing, traditional traders and investors can now access Hedera’s native token without needing to interact directly with crypto-native infrastructure.

Both HBAR news has been garnering massive attention from the crypto community, as they highlight the growing interest of traditional investors in Hedera’s native token.

Despite these positive developments, the HBAR price remains unchanged, currently trading near $0.168, with a modest 0.67% increase over the past 24 hours. During the same period, strong interest from investors and long-term holders has led to a 25% surge in trading volume.

This rising trading volume, when combined with the price surge, indicates strong upside momentum in the asset.

Hedera (HBAR) Price Action and Technical Analysis

According to expert technical analysis, HBAR appears bearish, and given the current market structure, it is poised to continue its prolonged downtrend in the coming days.

The daily chart reveals that the asset has been in a downtrend following the breakdown of an ascending channel pattern. With the continuous price decline, it lost the horizontal support level at $0.174, but has since successfully retested that level.

HBARUSDT Daily Chart
HBARUSDT Daily Chart | Source: TradingView

Based on recent price action and historical patterns, the HBAR price could decline by 25% and reach the $0.128 level in the near future. However, this is only likely if the asset remains below the $0.175 level; otherwise, the trend may shift.

On the other hand, the HBAR price could soar by 25% and reach the $0.22 level in the future. This bullish outlook would only emerge if the asset breaches the resistance level and closes a daily candle above $0.176.

As of now, HBAR’s Relative Strength Index (RSI) stands at 41, indicating that the asset is near the oversold area and showing weak strength. This suggests limited bullish momentum and a higher probability of continued downward pressure unless strong buying interest emerges.

On-Chain Metrics Flashes a Bearish Sentiment

This bearish price action is further strengthened by the recent activity of traders and investors, who have been found betting on the bearish side, according to the on-chain analytics firm Coinglass.

Data reveals that traders are currently over-leveraged at $0.1659 on the lower side (support) and $0.174 on the upper side (resistance).

HBAR Exchange Liquidation Map
HBAR Exchange Liquidation Map | Source: CoinGlass

At these levels, they have built $2.12 million worth of long positions and $3.98 million worth of short positions, indicating that sellers are currently dominating.

Meanwhile, investors and long-term holders have been found dumping HBAR tokens. Data from spot inflow/outflow shows that exchanges have witnessed an inflow of $550k worth of HBAR tokens over the past 24 hours.

HBAR Spot Inflow/Outflow
HBAR Spot Inflow/Outflow | Source: CoinGlass

This substantial inflow into exchanges hints at a potential sell-off by investors and is further a bearish signal.

Polkadot Crypto Unveils Its SDK, Fueling Dev Growth & Potential For $DOT Price Surge

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  • Polkadot Crypto has unveiled its SDK, which offers developers the flexibility to create customizable blockchain solutions.
  • Cross-ecosystem compatibility could drive increased adoption and demand for $DOT.
  • The SDK’s enterprise readiness may strengthen Polkadot’s ecosystem and price growth.

Polkadot crypto introduced a significant update to its ecosystem that may influence both developers and the rest of the industry.

Developers can now download the new Polkadot SDK and use it to design blockchains, adjust their rules, and create special ecosystems.

Snap | Source: X
Snap | Source: X

Polkadot SDK is a free, flexible framework that enables developers to create blockchain networks. This SDK has better and more advanced features than the earlier Substrate framework, which was founded by the same team as Polkadot and Kusama. It has been created to be the top pick for blockchain development.

With this SDK, developers will be able to customize their blockchain ecosystem to control things such as consensus, governance, token setup, fee structure, and connections to bridges.

In the past, this level of adjustment could not be done within Polkadot’s ecosystem. Currently, developers have an easier time customizing blockchains for their projects using the SDK.

Key Features of the Polkadot Crypto SDK

Polkadot SDK comes with many helpful settings that make it a favorite for blockchain programmers. First, developers can customize their blockchain’s elements, such as consensus, governance, token rules, and fees.

This quality separates Polkadot from other platforms because it helps build individual networks for particular purposes.

Besides being flexible, the SDK allows different ecosystems to work together in Polkadot. Builders are now able to use blockchains apart from Polkadot.

They can now grow their chains so that they interconnect with different ecosystems, helping to reach the goal of blockchain interoperability. It allows more opportunities for teamwork and ideas to be shared all over the blockchain industry.

Big enterprises are already taking advantage of Polkadot’s SDK, which supports KILT, Zeitgeist, Frequency, and Pendulum projects.

This indicates that the SDK can work with large-scale apps and is designed for good scalability, which fits any business.

Its modular architecture is also noteworthy, so that developers can pick out the necessary features for the type of application they want to build.

Rollups, parachains, and appchains make it possible for the SDK to help develop new blockchain networks much faster.

Lastly, the Polkadot SDK has been constructed for the highest level of speed. As it is decentralized and requires less storage, web3 applications scale up and cost much less to manage. Thus, it is very efficient for building functional blockchains that work fast and cost less.

Polkadot Crypto Current Market Outlook

Polkadot crypto was trading at $3.98 as of press time, down 1.04% compared to its previous 24-hour price. In the past few days, Polkadot’s value has remained around $3.90 and $4.10, proving that $3.80 acts as a support level. It seems clear from its price that the token is managing well despite the recent ups and downs in the market.

We notice that the liquidation events for $DOT change a lot when the market is correcting, with an apparent rise in the amount of liquidated positions.

January 6th and May 31st saw a surge in liquidations that happened alongside fluctuations in the price of Bitcoin from $5.00 to $6.00.

This shows that the increased activity in the Polkadot market frequently coincides with times of turbulent prices.

Polkadot’s new SDK could attract more users and interest in the $ DOT token. Even so, the market needs time to analyze the changes and observe how developers and business groups apply the SDK to their work. Increased SDK usage over time could help the $DOT price grow more positively.

Polkadot Crypto Charts Showing a Bullish Outlook

Besides the price movements shown in the charts, a Head and Shoulders formation can be noticed in the third one.

The chart pattern usually points to a switch in current market trends, and suggests that Polkadot is likely to rise soon.

The left shoulder has a downward trend, the head has a top that is higher than the others, and the right shoulder is identical.

Typically, the price target is estimated by measuring the distance from the head to the neckline and then project it upwards from the place where the stock breaks out.

Presently, Polkadot’s price stays near $3.98, which could indicate the formation of the right shoulder.

Once the price goes past the neckline, this trend may point to $4.20 to $4.50, meaning a possible bullish direction in the market.

The burst of activity around a specific price mark could kick off an upward price trend to the new highs.

Polkadot Crypto
1-day DOT/USD Chart | Source: TradingView

The introduction of the Polkadot SDK marks a significant improvement for the blockchain industry. It gives developers everything they require to establish personalized, expandable, and compatible blockchain networks.

Since Polkadot keeps updating its tools, such as the SDK, it is likely to contribute significantly to the blockchain industry in the next few months, and the value of $DOT could change.

Solana Dips After Pattern Rejection, But Strong Fundamentals Signal A Bullish Reversal

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Key Insights:

  • Solana dipped over 18% after rejecting from key resistance near $180, forming a cup-and-handle failure pattern.
  • Whale sold over 44K SOL post-staking rewards as Coin Days Destroyed spiked to its third-highest YTD level.
  • Daily active users and network speed remain elevated, supporting the bullish outlook despite short-term correction.

After being rejected from a key resistance level near $180, Solana has dropped 18.6% to around $140.

Despite the pullback, key on-chain data such as whale movements and Coin Days Destroyed are showing healthy market activity.

Combined with strong fundamentals and high user engagement, these indicators suggest a possible bullish reversal if key support levels hold.

Solana Rejected at Key Resistance, Triggers Short-Term Decline

According to Lookonchain, whale ZkSjmB recently unstaked and sold 44,539 SOL worth $6.8 million on Binance. The wallet had acquired the position a month earlier, buying 44,116 SOL for $6.15 million at an average price of $139.4 per token.

As a result, the asset dropped 7.40% intraday, falling below the $140 level. The move reflects opportunistic profit-taking and short-term caution, despite Solana’s strong long-term fundamentals.

The price rejection of Solana recently happened at a major resistance zone around $180, which completed a cup and handle pattern before reversal.

Solana price forecast
Solana price forecast | Source: TradingView

However, from a technical structure perspective, the bias is short-term bearish, and $134–$145 is a key support range. The price is consolidating in this critical zone, which was a springboard for the previous rally.

RSI and MACD are heading into oversold territory, which could result in a technical rebound in the short term. If the retest and bounce from current levels are successful, the next upside target is projected to be near $170.

However, sentiment has not turned negative. As long as support holds, a reversal remains possible. This correction comes on the back of a sustained uptrend, and similar patterns in past cycles have often continued upward. As a result, this looks like a healthy retracement and not a broader downtrend.

Whale Selling and Dormant Coin Movements Raise Eyebrows

Blockchain data confirms that whale activity increased recently. One major holder unstaked and sold over 44,500 SOL worth $6.8 million.

This wallet had staked SOL a month ago, accumulating 422 SOL in rewards before exiting the position with an estimated $649,000 profit.

Although this selling pressure contributed to the price pullback, it did not spark broader market panic.

Coin Days Destroyed (CDD) for SOL also spiked to 3.55 billion, which is the third-highest spike of the year. Such a rise in CDD suggests movement from long-dormant wallets, which is usually a sign of a change in conviction or profit-taking.

Solana coin days destroyed (CDD)
Solana coin days destroyed (CDD) | Source: Glassnode

This metric has spiked in the past, and those spikes have correlated with trend shifts, so it’s a key signal to watch in the coming days. Most importantly, the on-chain movement does not point to mass exits or changes in holder behaviour.

In fact, the data indicates that the tokens are being redistributed rather than major liquidation events during a price pause.

Network Activity and Developer Metrics Reinforce Strength

The recent correction hasn’t changed Solana’s fundamentals. It still averages 1,000 transactions per second (TPS). This throughput beats many competitors and is able to keep up with growing demand from DeFi, NFT, and gaming applications on the network.

Developer activity vs. code commits
Developer activity vs. code commits | Source: Onchain

Solana has an advantage in a high-speed environment during periods of peak on-chain activity. The number of daily active users has been steadily growing and now stands at 4.4 million, which indicates a more engaged user base that is interacting with decentralized applications on a daily basis.

Solana active users daily
Solana active users daily | Source: Token terminal

With increased participation comes an increase in the network’s Total Value Locked (TVL), which has risen to $8.37 billion from $6.09 billion in mid-April. With this 37% increase, capital inflows are renewed, and ecosystem activity is expanding.

Also, over 500 monthly active contributors make Solana one of the top chains in developer activity. It ranks second only to Ethereum in code commits and development engagement, which is a strong signal of long-term confidence in the network’s scalability and utility.

At the same time, the 0.87 long/short ratio suggests short-term trader caution, but such positioning is often followed by price rebounds when fundamentals remain sound.

Crypto Liquidation Nears $1B as Bitcoin Braces for Jobs Data

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Key Insights:

  • Over $983M in crypto liquidations, with BTC and ETH long positions hit the hardest.
  • Musk–Trump feud and China FUD trigger sharp sell-off in Bitcoin markets.
  • U.S. Nonfarm Payrolls and ETF flows expected to guide Bitcoin’s next move.

Over $983 million in crypto positions were liquidated in just 24 hours as Bitcoin plunged below $101,000. Rising political tensions, ETF outflows, and market anxiety caused the sell-off. Investors are cautious ahead of Friday’s U.S. Nonfarm Payrolls report.

Massive Liquidations Rock the Crypto Market

One of the sharpest unwinds of the crypto market this year saw over $983 million in liquidations of digital assets.

Long liquidations on Bitcoin amounted to $340 million, and Ethereum came in second with $285 million. Data from CoinGlass shows that more than 227,000 traders were liquidated within 24 hours.

Liquidation heatmap
Liquidation heatmap | Source: Coinglass

One of the biggest single-order wipeouts of the session was a $10 million liquidation on BitMEX’s XBTUSD contract. The total long-side damage was further added by high-leverage trader James Wynn, who lost a position worth over $20 million.

Key support of around $101,000 for Bitcoin was not held. This led to cascading liquidations, with the price dropping as low as $100,436.

Shorts also lost money, but just $94.5 million was wiped off bearish bets, showing the imbalance in market positioning.

Political Tensions and ETF Outflows Amplify Pressure

Tensions between Elon Musk and Donald Trump added to the growing bearish sentiment across crypto markets. Musk criticized Trump’s proposed tariffs, warning they could trigger a recession.

On the other hand, Trump countered by threatening to cut Tesla’s subsidies and federal contracts. The clash fueled broader concerns over policy instability and its impact on innovation-driven sectors.

In response to political threats, Musk also briefly announced that SpaceX would decommission its Dragon spacecraft, before walking that back.

That unsettled markets further, especially since Dragon is America’s only astronaut transport vehicle. This was seen as another sign of instability in the U.S. governance, especially for the tech and crypto sectors.

etf flow
Source: X

ETF flows, meanwhile, showed that institutional interest in Bitcoin was waning. On June 5, BTC ETFs saw $278.4 million in net outflows, and ETH ETFs had modest inflows of $11.3 million.

Market stress is leading institutions out of Bitcoin and into Ethereum, which is less volatile. The uncertainty was compounded by renewed fears over China’s stance on Bitcoin on social media.

Speculation about stricter trading or mining ban enforcement was not confirmed, but it triggered memories of previous market crashes. Crypto markets continued to be on edge with no clear positive driver.

All Eyes on Nonfarm Payrolls and BTC Price Structure

The focus now shifts to Friday’s Nonfarm Payrolls (NFP) report that could set the tone for the market going into the weekend. Experts believe the report will display 130,000 new jobs in May, a decline from the 177,000 seen in April.

A weak print may encourage the Fed to lower rates in July and support Bitcoin and other risky assets. As labor market softness is already showing, job openings have fallen to 7.36 million, the lowest since 2021.

The ratio of job openings to unemployed fell to 1.03, indicating a further slowdown. The data could temporarily relieve Bitcoin from selling pressure if the market reacts positively to the data.

Bitcoin Price Prediction | Source: TradingView
Bitcoin Price Prediction | Source: TradingView

Bitcoin technically found support at $100,436 and bounced, trading around $100,700 at press time. Strong resistance lies at $103,500 and $103,900, with momentum indicators like MACD and RSI still in bearish territory.

RSI at 38 shows oversold conditions, but a break above resistance is needed for a trend change. The $100K area is crucial in the run-up to options expiry, as a lot of open interest could guide the price action. The market is uncertain for now until the key economic indicators are released.

Ethereum ETFs See $57.31M Inflow, Marking 13 Days Of Consecutive Gains

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Key Insights:

  • Ethereum ETFs recorded 13 straight days of inflows, totaling $57.31M on June 4, with BlackRock leading contributions.
  • Over 340,000 ETH worth $900M entered the staking queue, the highest since 2023, signaling long-term confidence.
  • Ethereum dominates tokenization with $9.8B in RWAs and led all chains in net flows over the last 3 months.

On June 4, Ethereum ETF inflows kept climbing, adding $57.31 million, marking the 13th trading day in a row.

As staking demand increases and capital moves from Bitcoin to Ethereum-based products, investor interest is growing steadily.

ETF Inflows Show Strength as Bitcoin Slows

BlackRock’s $ETHA led the way with $73.51 million, bringing in $57.31 million in net inflows into Ethereum ETFs on June 4. During the same session, Fidelity’s $FETH saw an outflow of $23.62 million, and Grayscale’s mini trust added $7.42 million.

ethereum etf
Source: X

Conversely, Bitcoin ETFs were only brought in by BlackRock’s IBIT, which recorded $86.92 million in inflows amid broader weakness.

ETH’s consistent ETF performance is a sign of institutional behaviour change as investors prefer regulatory clarity and yield.

Though BTC ETF flows have recently broken their accumulation streak, ETH products have kept inflows alive through market pullbacks.

ETH’s fundamentals remain strong, and sentiment is improving; these developments indicate a possible capital rotation.

The network also topped all chains in net inflows over the past 90 days, with over $1.1 billion flowing into the Ethereum network. Other chains had mixed results, with some like OP Mainnet and Berachain seeing outflows of close to $1 billion.

top net flows
Source: Artemis

As such, Ethereum is still the preferred choice for capital allocators, despite short-term volatility and changing narratives.

Staking Demand Surges to One-Year High

This week, more than 340,000 ETH or nearly $900 million, entered the validator queue, its highest level since 2023. Wait times to stake have extended to five days plus, a sign that investor confidence is on the rise after recent SEC clarity.

Ethereum validators
Ethereum validators | Source: X

This comes as APR has risen to 3.04%, which is also an incentive for long-term holders to commit funds to secure the network. With over 34 million ETH staked on more than 1.06 million validators, the network is in great health.

The validator base is stable, exit churn is minimal, and validator exits are processed in minutes. This balance is good for security and liquidity and is a good basis for further institutional entry.

The accumulation trend was also strengthened as ConsenSys-linked wallets also executed a $320 million ETH OTC purchase from Galaxy Digital.

There were multiple high-value transfers in the transaction, which indicated deliberate positioning rather than speculative entry.

Usually, such moves are a reflection of strategic commitments to Ethereum’s long-term development, rather than short-term market timing.

Dominance in Real-World Assets and Capital Flows

As of May 28, Ethereum is by far the leading tokenization sector, with $9.8 billion in tokenized assets on-chain. ZKsync Era has $2.2 billion, while Stellar, Aptos, and others have less than $1 billion.

That makes Ethereum the obvious winner in the real-world asset (RWA) space among all blockchain platforms. But its leadership is also apparent in broader net flows, where Ethereum beat every chain over the past three months.

Changing narratives aside, Ethereum is still attracting retail and institutional liquidity at a structural level. From the price perspective, ETH is consolidating near $2,616, up 0.30% on the day and testing the 200-day moving average.

ethereum price chart
source: X

It is the fifth test of the MA200 in recent months, and a breakout would be imminent if volume backs up momentum. However, RSI is flattening out, which means caution in the short term, even though fundamentals remain bullish.

Sentiment is still divided, but capital keeps flowing into Ethereum-linked products and infrastructure. If the inflows into ETFs continue and staking demand remains, Ethereum could break its current range and be the leader of the next market cycle.

ETH is showing strength through utility, liquidity, and growing institutional alignment while Bitcoin consolidates.

Crypto Kidnapping Ringleader Arrested, Another Suspect At Large

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Key Insights:

  • Moroccan authorities have arrested Badiss Mohamed Amide Bajjou, the alleged mastermind behind a series of crypto-related kidnappings in France.
  • The arrests show a disturbing trend of crypto executives and their families being targeted for their wealth.
  • Physical and digital security are becoming increasingly intertwined, as criminals shift from cyberattacks to violent “wrench attacks”.

An interesting development came up sometime during the week. Moroccan authorities have arrested Badiss Mohamed Amide Bajjou, a 24-year-old French Moroccan man.

Bajjou is accused of being the mastermind of the string of crypto-related kidnappings in France. French and Moroccan authorities achieved a breakthrough. Their efforts target organized crime in the crypto sector.

Arrest of a Suspected Ringleader

Bajjou, the suspected leader of the kidnappings, was arrested in Tangier. The General Directorate for National Security carried out the capture in northern Morocco.

At the time of his arrest, authorities found multiple mobile phones, bladed weapons, and a stash of cash in his possession.

Justice minister weighs in
Justice minister weighs in | Source: X

His capture followed an Interpol red notice. It was issued in 2023 and linked him to serious charges, including abduction, false imprisonment, and hostage-taking.

French Justice Minister Gérald Darmanin welcomed the development. He described it as “excellent judicial cooperation” between France and Morocco.

Crypto Executives Under Siege

The arrest also sheds light on a disturbing trend in France. There, crypto executives and their families are being targeted in a series of kidnappings due to their perceived wealth.

The most recent incident happened on 13 May. At that time, a group of attackers attempted to kidnap the pregnant daughter and grandson of Pierre Noizat, the CEO of Paymium.

The attack happened in broad daylight in Paris’ 11th district. Fortunately, Noizat’s daughter and her husband resisted with the help of bystanders. All of them forced the attackers to retreat into a getaway van.

Just ten days earlier, on May 3, Paris police rescued the father of another crypto entrepreneur. He had been held hostage in a €7 million ($7.8 million) ransom scheme.

Back in January, David Balland, co-founder of Ledger, was kidnapped along with his wife. During their ordeal, Balland’s finger was reportedly cut off to force him to give up his private keys.

How the Crypto Space Became a Target

The increase in crypto-related kidnappings has been a source of alarm among law enforcement and industry stakeholders alike.  This is especially true with digital assets becoming more valuable and accessible.

Criminals are now shifting from cyberattacks to more violent methods like wrench attacks. There, victims are forced at knifepoint/gunpoint to transfer crypto.

Crypto security expert Jameson Lopp, co-founder of Casa, pointed out that “These attacks are a brutal reminder of how physical security and digital security are now intertwined.”

The Youth Factor in Organized Crime

According to French police, the kidnappings weren’t isolated events. Authorities have charged 25 individuals, including six minors, in connection with these crimes.

Many of these suspects are reportedly from France, Angola, Senegal, and Russia. Ambroise Vienet-Legue is the defense attorney representing an 18-year-old suspect in one of the cases.

He said that the allure of quick cash drew in many young people. They were then pulled into crimes they didn’t fully understand. He has called on the court to consider the youth and inexperience of some defendants when delivering judgments.

A Second Suspect Still at Large

While Bajjou’s arrest marks a major success, the investigation is far from over. Authorities are still searching for another French-Moroccan man in his forties, who is regarded as a top recruiter in the kidnapping ring.

He allegedly lured young men online with promises of easy money in exchange for kidnapping selected people. He is also wanted for attempted murder and the 2023 kidnapping of a crypto entrepreneur’s mother.

So far, two police warrants have been issued for his arrest, and efforts to track him down are ongoing.

Bitcoin Nears $107.5K Resistance Amid Liquidity Build-Up

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Key Insights:

  • Bitcoin is consolidating near the $107,500 resistance, necessary for a breakout to new all-time highs.
  • Massive liquidity has built up around Bitcoin’s current price range ($104,500-$107,500).
  • Analyst Michaël van de Poppe has identified the $107,500 level as important for Bitcoin’s next upward trend.

The crypto market is again breathing as Bitcoin holds just below a critical resistance zone. Traders and analysts closely watch the $107,500 zone, calling it a possible launchpad for a new all-time high.

While momentum indicators show bullish presence, the data has cautionary signs. Macroeconomic conditions aren’t doing much to push the needle in either direction. The $107.5K mark is Bitcoin’s most crucial price.

Liquidity Builds as Traders Expect a Breakout

At press time, Bitcoin was trading in a tight range around $106,000. Interestingly enough, its price movement targets liquidity above and below this level.

On June 4, a brief spike nearly pushed the price towards $107,000 before pulling back and taking out short positions. This was quickly followed by a dip that cleared out long positions near $105,000.

This up-and-down price action between $104,500 and $107,500 has created a zone of strong liquidity that traders must be wary of. According to data from CoinGlass, both ends of this range are becoming liquidity hotspots.

The liquidation heatmap
The liquidation heatmap | Source: Coinglass

Traders are setting large orders just beyond the current price range. This helps them capitalize on volatility or protect key support and resistance levels.

Why the $107.5K Level Is So Important

According to insights from crypto analyst and trader Michaël van de Poppe, the $107,500 mark is a fundamental Bitcoin price level. Van de Poppe stated that breaking above this level is crucial. He believes it could lead to new all-time highs.

Van de poppe weighs in
Van de poppe weighs in | Source: X

He also noted that such a move could push Ethereum to $3,000.

A powerful upward trend could follow if Bitcoin breaks through $107.5K with volume and follow-through. This uptrend could overshadow the previous ATH and push prices to new highs.

Lack of Macro Triggers Keeps Market Directionless

Despite this technical setup, the general market isn’t offering much in terms of a catalyst.  Bitcoin is behaving like other risk assets and is hovering in a range. It also lacks strong momentum and is waiting for something to happen.

According to its latest market bulletin, trading firm QCP Capital reported that Bitcoin is currently trading in a “rangebound” state.

According to QCP, indicators like market skew and open interest show little directional conviction from investors. They also warned that Q3 might be painful for investors: “Tariff-related impacts may begin filtering into macro data,” QCP wrote.

Additionally, looming U.S. fiscal issues like the debates around debt ceilings and spending bills could introduce headline-driven volatility.

Bitcoin’s 50-Day Moving Average Hits Record High

Another major factor to consider is Bitcoin’s 50-day simple moving average (SMA) behavior. For the first time, the indicator has crossed into six figures, and is currently sitting just above $100,000. This has historically been a sign of incoming bullish action. However, there’s a catch.

Bitcoin and its major moving averages
Bitcoin and its major moving averages | Source: TradingView

The spread between the spot price and the 50-day SMA is narrowing. When Bitcoin closely follows this moving average after a rally, momentum weakens.

This often signals an upcoming market correction. This is similar to what was observed late last year when Bitcoin dropped from above $100,000 to as low as $75,000.

Profit-Taking Indicates Bull Fatigue

On-chain data further supports this narrative because more holders are taking profits. Investors are adopting a more cautious approach. They are securing profits instead of risking a continued bull run.

This behavior is not necessarily bearish. Still, it does show that Bitcoin making a new ATH may require a new source of momentum. Something massive has to hit the news, or Bitcoin has to break above a major technical level.