Sharplink, a major digital asset treasury manager, made headlines last week as it resumed large-scale Ether purchases after an eight-month hiatus, amassing a total of $62.4 million worth of ETH since Thursday. On-chain data reveals the company spread out these purchases over three consecutive days, fueling speculation about its renewed market strategy.
Sharplink returns with aggressive Ether buyingAccording to data provided by Arkham, Sharplink purchased 5,000 ETH on Thursday, followed by another 5,000 ETH on Friday. The activity peaked on Saturday, when the company executed three over the counter (OTC) trades for a total of 29,196 ETH. This spree brought Sharplink’s three-day ETH tally to a striking 39,196 tokens.
Strategic moves amid institutional competitionKnown for holding digital assets on its balance sheet, Sharplink has been a front-runner in the race for the world’s largest ETH treasury, competing closely with Bitmine. The recent acquisitions signal a robust step to reignite its Ether accumulation strategy and reclaim dominance in the space.
Mini-Glossary: Over the counter (OTC) trading refers to direct transactions between buyer and seller or through an intermediary, conducted off major exchange screens. This approach is often used in large-volume crypto deals to minimize market price impact.
Day-by-day, Sharplink’s acquisition pattern unfolded as follows:
DayAmount of ETH PurchasedValueThursday5,000Not disclosedFriday5,000$7.9 millionSaturday29,196$46.7 millionTotal39,196$62.4 millionAfter initial outreach on Thursday, Sharplink declined to comment on the reasons or timing behind its sudden ETH purchases.
Fresh institutional focus: Ethlabs unveiledNotably, Sharplink’s buying spree coincided with the announcement of Ethlabs, a new nonprofit research and development venture aimed at advancing Ethereum’s enterprise adoption. Both Sharplink and Bitmine revealed their involvement with Ethlabs in the same week, signaling coordinated moves toward institutionalizing Ethereum’s utility.
Sharplink stated it would collaborate on this initiative with Bitmine, Ethereum co-founder Joe Lubin, and other noted contributors from across the ecosystem. Joe Lubin is well known for his pivotal role in founding Ethereum and the blockchain development firm Consensys.
According to Sharplink, as stablecoins, tokenized real world assets, funds, and autonomous AI trading migrate increasingly on-chain, demand is consolidating around Ethereum as a neutral, permissionless settlement layer for the global economy. Ethlabs has been established with the goal of scaling the network to meet this surging demand.
Accumulation amid ongoing market pressureSharplink’s renewed ETH purchasing comes during a period of significant downward pressure on Ether prices. Over the last month, the cryptocurrency has dropped by 22.8 percent and is now trading roughly 50 percent lower than at the start of the year. During this decline, Tether‘s USDt stablecoin briefly surpassed Ether in market capitalization last week.
At the same time, outflows from US spot Ether ETFs have persisted, with last week’s net outflows totaling $12.9 million. The largest impact was traced to major redemptions from BlackRock’s iShares Ethereum Trust.
Sharplink’s three-day buying spree stands out against a backdrop of sharp Ether price drops and continued ETF outflows, highlighting the company’s renewed commitment to accumulation in the face of bearish sentiment.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
SharpLink just went on a shopping spree. The company scooped up nearly 40,000 ETH worth $62.4 million last week, breaking an eight-month silence that had some wondering whether the firm’s ambitious Ethereum treasury strategy had quietly died on the vine.
It hadn’t. The purchase, totaling 39,196 ETH, kicked off with an initial buy of 5,000 ETH for approximately $7.85 million on June 25-26, executed through FalconX. The rest followed shortly after, all while Ethereum was trading near its 2026 lows between $1,537 and $1,578 per token.
Buying the dip at industrial scale SharpLink now holds somewhere between 868,699 and 876,285 ETH, valued at roughly $1.3 billion to $1.37 billion at current prices. That makes the firm the second-largest public corporate Ethereum treasury holder.
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The company’s average acquisition cost sits at approximately $3,609 per ETH. With the token trading below $1,600, that translates to estimated unrealized losses of around $1.79 billion. In English: for every dollar SharpLink has spent accumulating Ethereum, it’s currently sitting on roughly 56 cents of value.
The people and the strategy behind the treasury SharpLink’s chairman is Joseph Lubin, co-founder of Ethereum itself and the founder of ConsenSys. Its CEO, Joseph Chalom, is a former BlackRock executive. When these two decided to pivot a sports-betting tech company into a corporate Ethereum accumulation vehicle, the market paid attention.
That pivot began in 2025 with a $425 million capital raise specifically designed to fund the treasury strategy. The playbook borrows heavily from what MicroStrategy, now called Strategy, did with Bitcoin: raise capital, buy the asset, hold it, repeat. The difference is that SharpLink has layered on a yield component that Bitcoin’s treasury holders can’t easily replicate.
The firm has approximately 22,102 ETH staked, generating on-chain yield that offsets some of the carrying cost of holding a massive position in a volatile asset. SharpLink has also backed Ethlabs, an initiative aimed at bolstering Ethereum’s institutional readiness.
What this means for investors On the noise side, SharpLink is staring at nearly $1.8 billion in unrealized losses. Adding $62 million to a position that’s already deeply underwater could be a case of good money chasing bad. The corporate Ethereum treasury thesis remains largely unproven compared to Bitcoin’s, where Strategy and others have at least demonstrated the model can work in a rising market.
The staking yield strategy does offer a meaningful differentiator. If Ethereum’s staking rewards remain consistent and the network continues to generate fee revenue, SharpLink can present its ETH holdings as a productive asset rather than a speculative bet.
At an average cost basis of $3,609, ETH would need to more than double from current levels just for SharpLink to break even. Staking yields help at the margins, but they won’t close a gap that wide anytime soon.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Historic bleed at Wall Street! According to Farside data, US spot Bitcoin ETFs just suffered a colossal loss of 1.79 billion dollars in net outflows in a single week. This is the second worst performance since their launch in January 2024. Between Grayscale’s (GBTC) capitulation and BlackRock’s slowdown, the institutional market seems to be faltering. Simple technical correction or major distress signal before a deeper decline? Here’s the full update.
In brief US spot Bitcoin ETFs lost 1.79 billion dollars in the week ending June 26, 2026. This is the second worst week in these funds’ history and their 7th consecutive week of net outflows. BlackRock IBIT accounts for about 73% of the week’s withdrawals, with an average unrealized loss of 40% for its investors. Ethereum ETFs confirm the same trend: marked slowdown in institutional demand. A historic week for Bitcoin ETFs Launched in January 2024, the spot Bitcoin ETFs were hailed as a revolution in the United States. Proof: they raised tens of billions of dollars within months. Enough to propel the BTC price to historic highs. But the week of June 26, 2026 marks a turning point.
With 1.79 billion dollars in net outflows over five trading days, these funds have recorded their second worst weekly performance since inception. The only worse week was at the end of February 2025, which saw 2.61 billion dollars evaporate in a few days.
What fundamentally distinguishes the current situation from the 2025 episode is its duration. In February 2025, the correction was sharp but short. Here, seven weeks have passed without a single week of positive flows from the spot Bitcoin ETFs. For analysts, this persistence is the most worrisome signal.
Bitcoin ETF flows (Source: Farside) According to Farside data, Thursday, June 25, 2026 alone saw 696.29 million dollars in net outflows in a single session. The weekly record! Moreover, almost all of the outflows on June 25 exclusively came from BlackRock IBIT. In one day, this fund saw nearly 7,440 BTC withdrawn. That represents about 691.7 million dollars.
The ETF negative flow crisis is not limited to Bitcoin The US spot Ethereum ETFs recorded 273.34 million dollars in net withdrawals during the same week. This also marks their seventh consecutive week of outflows. June 25 alone saw 82 million dollars in withdrawals from ETH ETFs, while the Ethereum price plunged around $1,510. This wiped out nearly 31 billion dollars in market capitalization.
This synchronization between Bitcoin and Ethereum ETF outflows is significant. It suggests a movement of reducing overall crypto asset exposure by institutional investors.
Chart showing Ethereum ETF flows over a 30-day period (Source: Glassnode) Beyond ETF flows, onchain data paints the same picture. The Coinbase Premium Index, which measures the price gap between Bitcoin on Coinbase and international exchanges, remains in negative territory. A negative premium indicates that US demand is weaker than global demand. This is a bearish signal for US institutional sentiment.
That’s not all! Onchain data also shows a net capital outflow from the Bitcoin network in the recent period, rather than an inflow.
ETF reserves have dropped by more than 63,000 BTC in the last month. The total assets under management of all US spot Bitcoin ETFs fell from a peak of about 170 billion dollars in 2025 to approximately 73 billion today. The current dynamics of Bitcoin ETFs highlight the crypto market’s current dependence on traditional capital flows from Wall Street. The next decisive indicator: the eighth week, and what the Fed will say by then.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Leading cryptocurrencies traded in the red overnight on Sunday as renewed U.S.–Iran confrontations threatened a fragile ceasefire.
Crypto Market In Deep SlumberBitcoin attempted a breakout above $60,000, only to encounter sharp selling pressure that drove it below $59,000. Ethereum meandered in the $1,500 region, while trading volume rose 10% over the last 24 hours. XRP and Dogecoin traded in the red.
Over $180 million was liquidated from the cryptocurrency market in the last 24 hours, overwhelmingly from longs, according to Coinglass data
Bitcoin’s open interest fell 0.69% over the last 24 hours. Smart money sentiment remained "extremely bearish," but traders on Binance, both retail and whales, increased their long exposure.
"Extreme Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.02 trillion, following a decline of 3.38% over the last 24 hours.
Stocks Rally On Hopes Of De-escalationStock futures ticked higher overnight on Sunday. The Dow Jones Industrial Average Futures jumped 147 points, or 0.29%, as of 8:45 p.m. EDT. Futures tied to the S&P 500 climbed 0.40%, while Nasdaq 100 Futures gained 0.19%.
Tensions escalated during the weekend after the U.S. and Iran exchanged fire following an alleged ceasefire violation in the Strait of Hormuz.
Later, a Trump administration official reportedly said that the two sides will “stand down for now” and let vessels move freely in the critical oil shipping point.
‘Pretty Interesting Signal’Popular cryptocurrency commentator Michaël van de Poppe speculated on Bitcoin’s moves once it breaks back above $61,000.
“It would strengthen the thesis of the bullish divergence, and the markets can target the $65,000 resistance [and old support of the range] as the next target zone,” the analyst said. “The fact that the markets aren’t falling deeper with all the panic and fear combined is actually a pretty interesting signal.”
Ali Martinez, a widely followed cryptocurrency analyst and trader, said that heavy selling by whales, roughly $880 million over the past week, pushed Ethereum below its key support at $1,633
“If this distribution trend continues into next week, the next high-volume demand targets for ETH sit much lower at $1,237 and $1,089,” Martinez said.
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The A-share semiconductor equipment sector strengthened in the afternoon session, with multiple stocks rising sharply.
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This week in the cryptocurrency world was a rollercoaster ride, with Bitcoin showing signs of capitulation and gold’s selloff being framed as a buying opportunity. Meanwhile, 21Shares predicts a return to $100,000 for Bitcoin, Ethereum faces a potential funding gap and former New York Governor Andrew Cuomo urges Congress to pass a crypto bill.
Let’s dive into the details.
‘Bitcoin Is Dead’ Predictions GrowBitcoin’s latest dip below $60,000 has reignited the “Bitcoin is dead” narrative. However, Ryan Rasmussen from Bitwise suggests that long-term investors are using this downturn to accumulate more. He pointed out that such moments have historically coincided with major cycle lows
Read the full article here.
Peter Schiff Says Gold’s Selloff Is A Buying OpportunityEconomist Peter Schiff views gold’s recent selloff as a buying opportunity, while he describes Bitcoin’s decline as a deflating bubble. Schiff noted that Bitcoin failed to rise with gold’s earlier gains and is now declining in tandem, contrary to expectations.
Read the full article here.
BTC Will Return To $100,000 Even If Bitcoin ETFs Are Growing Slower21Shares’ mid-year check-in report suggests that the cryptocurrency market has transitioned from a speculative phase to an institutionally driven asset class. The report also highlights stablecoins and tokenization as the sector’s strongest long-term themes.
Read the full article here.
Ethereum Could Face A Critical Funding GapFormer Ethereum Foundation member Trent Van Epps warns that Ethereum could face a critical funding gap within the next 3 to 9 months. The Foundation’s treasury, which has funded critical shared resources, is shrinking by design.
Read the full article here.
Andrew Cuomo Urges Congress To Pass Crypto BillFormer New York Governor Andrew Cuomo has called on Congress to pass the Clarity Act, emphasizing blockchain’s potential to bring financial inclusion to the unbanked and underserved. Cuomo believes that the adoption of blockchain technology could significantly reduce consumer costs.
Read the full article here.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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ETH was stopped at a crucial resistance once again and the massive sell-offs from ETF investors and whales could spell further trouble.
Ethereum continues to trade under severe pressure, although it managed to recover around around 5% from its recent multi-year low at just over $1,500.
The threat remains since many of the major investors in its ecosystem continue to offload. The only positive change in the past few weeks has been the return of SharpLink.
Whales Dump Data shared by popular analyst Ali Martinez shows that these large market participants have disposed of $880 million worth of the largest altcoin in the span of just one week. From an Ethereum perspective, this means a massive dump of 550,000 ETH, which, according to him, means a substantial $880 million injection in “sell-side supply into the market.”
He added that this heavy selling volume is among the reasons behind the asset’s drop below its first immediate support at $1,633. The other could be the behavior of ETF investors. As reported earlier this weekend, those gaining exposure to Ethereum through the exchange-traded funds sold over $270 million during the week, as ETH dropped toward $1,500 for the first time in over a year.
Citing URPD data, Martinez outlined the significance of the $1,583 level as a critical volume support. If ETH breaks below it, it would open a “clear path for extended liquidations.” He doubled down that Ethereum’s asset risks falling to a new cycle low of somewhere between $1,237 and $1,089.
ETH WHALES SELL $880 MILLION IN ONE WEEK
Large-scale holders have offloaded roughly 550,000 ETH over the past week, injecting $880 million in sell-side supply into the market.
This heavy selling volume has successfully pushed Ethereum below its immediate $1,633 support floor.… https://t.co/2n4rVK4oTK pic.twitter.com/7g1zSPepez
— Ali Charts (@alicharts) June 28, 2026
Fellow analyst Ted Pillows commented that ETH remains stuck between key support (at $1,500) and resistance (at $1,700). A breakout above the latter would be “what bulls need,” while a potential decisive drop below $1,500 is “what bears are pushing for a new cycle low.”
You may also like: Bitcoin (BTC) Dips Below $62K, Ethereum (ETH) Plunges 6% Daily: Market Watch 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M Bitmine Buys 52K ETH as Tom Lee Believes the Best Years for Crypto Are Still Ahead Who Is Buying On the flipside, the two largest corporate holders of Ethereum are accumulating. While this is not really a surprise for Bitmine, which has been buying consistently even through the bear market, the return of SharpLink made the headlines over the week.
The Joe Lubin-chaired firm made its first ETH buy in eight months on Friday and has only doubled down since then. Lookonchain noted earlier today that the company accumulated another 29,196 ETH for $46.7 million. Thus, it has acquired over $62 million worth of ETH in the past three days alone.
Ethereum is trading near the $1,570 to $1,580 area after a calm weekend that failed to ease the pressure on the second-largest cryptocurrency.
Summary
Ethereum trades near $1,570 as ETF outflows and whale selling pressure keep buyers cautious. Analysts see $1,583 as a key support level after whales sold 550,000 ETH this week. A clean move above $1,800 could ease pressure, while losing $1,583 may deepen losses. The price has stayed mostly range-bound, even as new tension in the Middle East tested risk appetite across global markets.
The calm move does not mean the market has turned strong. ETH remains below the $1,800 level that many traders see as a key recovery zone. The asset is also under pressure from ETF outflows, whale selling, and weak spot demand.
ETF outflows weigh on Ethereum sentiment U.S. spot Bitcoin and Ethereum ETFs recorded their seventh straight day of outflows on June 26, according to SoSoValue data. Spot Bitcoin ETFs saw about $445 million in net outflows, while spot Ethereum ETFs posted $12.848 million in net outflows.
Ethereum spot ETF net inflow, source: SoSoValue The Ethereum outflow was smaller than Bitcoin’s, but the streak matters because ETFs can act as a source of steady spot demand. When flows stay negative for several days, that support weakens. This can make it harder for ETH to recover when traders are already cautious.
Earlier Ethereum ETF coverage showed that ETH had already been testing major support as fund withdrawals mounted. That pressure has continued into late June, keeping the market focused on whether institutional demand can return.
Another price analysis noted that ETH traded near $1,600 even after BitMine reportedly bought another 75,000 ETH. That showed that large purchases have not been enough to reverse the wider downtrend.
Whales sell into weak support Analyst Ali Martinez said large holders sold about 550,000 ETH over the past week. At current prices, that sale equals roughly $880 million in fresh supply hitting the market.
The analyst said this selling helped push Ethereum below its immediate $1,633 support level. ETH is now testing volume support near $1,583, a level traders are watching closely because a clean break could open the way for deeper losses.
ETH WHALES SELL $880 MILLION IN ONE WEEK
Large-scale holders have offloaded roughly 550,000 ETH over the past week, injecting $880 million in sell-side supply into the market.
This heavy selling volume has successfully pushed Ethereum below its immediate $1,633 support floor.… https://t.co/2n4rVK4oTK pic.twitter.com/7g1zSPepez
— Ali Charts (@alicharts) June 28, 2026 Ali said if selling continues into next week, the next high-volume demand areas could sit near $1,237 and $1,089. These levels are not guaranteed targets, but they show where past trading activity may attract buyers if ETH breaks lower.
This pressure matches the current chart structure. ETH continues to print lower highs, and buyers have not yet shown enough strength to reclaim the $1,800 area.
Analysts split on ETH’s next move Money Ape warned that Ethereum could post three straight red quarters for the first time. The analyst said ETH may fall below $1,000 if market confidence keeps weakening.
That view reflects the bearish side of the current setup. Ethereum has failed to recover quickly from its slide, and traders remain worried about ETF outflows, whale activity, and weak momentum.
🚨 ETHEREUM IN TROUBLE 🚨
For the first time ever, Ethereum is on track to post three consecutive red quarters.
We could see $ETH under $1,000.
Has the market completely lost confidence in $ETH? pic.twitter.com/jEN7CzJg8L
— Money Ape (@TheMoneyApe) June 28, 2026 Michaël van de Poppe offered a different view. He said anything below $1,800 is not attractive for day trading but may be a strong opportunity for longer-term accumulation.
He also said ETH may be forming a bullish divergence across several timeframes. In his view, a clear break above $1,800 would be more useful than trying to catch every small move inside the current downtrend.
Van de Poppe also pointed to lower levels near $1,505 and $1,385 as possible buying zones if ETH sweeps liquidity. He said he doubts the market is eager to move much lower, but he still wants to see a clean recovery above $1,800.
Derivatives data shows sellers still in control CryptoQuant analyst PelinayPA said Ethereum’s taker buy/sell ratio on Binance remains above 1. That usually points to stronger buying activity, but ETH has not reacted with a strong recovery.
The analyst said this muted response suggests larger sellers may be absorbing buy orders. In simple terms, buyers are active, but they are not strong enough to push the price higher.
Source: CryptoQuant analyst PelinayPA The same report said Ethereum’s fund price has been falling since April. That suggests traders are reducing long exposure in derivatives markets and taking less risk.
This creates a weak setup for ETH. Even when buying activity rises, price action remains soft. That can happen when whales use short rallies to sell into demand.
The analyst said ETH still forms lower highs while fresh lows keep developing. That confirms the broader bearish structure remains in place until Ethereum breaks its current downtrend.
Ethereum price outlook Ethereum’s near-term outlook now depends on the $1,583 support area. If buyers defend this zone, ETH could attempt another move toward $1,633 and then $1,800.
A clean break above $1,800 would be the first stronger sign that bulls are regaining control. It could also shift attention back toward higher resistance zones after weeks of weak trading.
If ETH loses $1,583, traders may look toward $1,505 and $1,385. A deeper sell-off could bring the $1,237 and $1,089 demand zones into focus if whale selling continues.
For now, Ethereum is stable but not strong. The price is calm near $1,570, yet ETF outflows, whale distribution, and weak derivatives demand keep the risk tilted toward another test of lower support.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Ethereum is currently trading around $1,576, as it retests a demand zone that previously marked a major market bottom, according to weekly chart analyses. Recent technical charts shared by analysts show that the price has fallen back toward a support region similar to the one seen at the lows of 2022.
Key demand zone identified on weekly chartA weekly Ethereum chart based on TradingView data from Kamran Asghar compares the current pullback to the market bottom formed in 2022. According to the analysis, ETH has once again returned to its underlying support band. If this area holds, there is potential for a rebound, mirroring previous market behavior.
The chart also shows that Ethereum’s price remains below the blue moving average, which is currently situated around $2,498. This level stands out as a major resistance area should a recovery take place. A move back above this moving average would strengthen the case for a technical reversal.
Kamran Asghar’s chart suggests the current region could act as a long-term reaction zone, yet the technical outlook does not point to a confirmed reversal at this stage.
The relative strength index (RSI) has also dropped near the 30 mark, indicating heightened selling pressure. However, the RSI signal alone does not confirm the establishment of a bottom. A definitive sign of strengthening technicals would be a clear price recovery emerging from the demand zone.
In the short term, the $1,500 to $1,600 range is highlighted as a critical support area. If this zone is held, buyers could attempt to drive the price toward higher resistance levels. Conversely, a break below the support band would weaken the optimistic scenario.
Monthly chart signals $1,368 as critical levelAccording to a monthly chart prepared by CJ using TradingView data, Ethereum has continued to trend lower after failing to sustain higher prices in 2025 and 2026. The analyst identifies the equally matched lows around $1,368 as the next significant level for price action to test.
IndicatorLevelCurrent price$1,572 to $1,576Nearby support$1,500 to $1,600Critical monthly level$1,368Moving average resistance$2,498Lower support$881A possible pullback to $1,368 would take Ethereum back to a support zone that has provided a floor several times since 2022. If buyers defend this region, the price could again attempt a reaction from the lower boundary of its multi-year range.
CJ emphasizes $1,368 as the first critical threshold, noting that a drop below this level could shift focus to even lower supports dating back to 2021.
Beneath this, the 2021 cycle’s low point stands at $881. If Ethereum loses its equal lows on the monthly chart and selling pressure persists, this area could become increasingly important. The monthly RSI sits near 40, suggesting weak momentum, but not yet an extreme oversold condition.
Overall, Ethereum’s technical outlook signals critical support and resistance levels to watch in both the short and medium term. Whether the current demand zone holds will likely dictate the next significant move in price action. Analysts advise monitoring these key thresholds as Ethereum attempts to break out of its recent cycle of declines.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ethereum remains under pressure across higher timeframes, but the latest price action is showing early signs that bearish momentum may be losing strength. While the broader trend remains decisively bearish, the recent movements suggest that sellers may be approaching exhaustion after weeks of sustained downside.
Ethereum Price Analysis: The Daily Chart ETH’s recent rejection from the $1.72K-$1.78K supply zone triggered another leg lower, pushing it back into the critical $1.46K-$1.53K demand region. This zone has acted as support multiple times throughout June and continues to attract buyers whenever the price approaches it.
The most notable development on the daily timeframe is the emerging bullish divergence on the RSI. While the asset has continued making lower lows during June, the RSI has been forming higher lows near oversold territory. This divergence suggests that downside momentum is weakening despite ETH remaining near cycle lows.
Although a bullish divergence alone does not guarantee a reversal, it often appears during the latter stages of bearish trends and can serve as an early warning that sellers are losing control. As long as ETH holds above the $1.46K-$1.53K support area, the divergence remains valid, increasing the probability of a relief rally.
However, confirmation would require a break above the nearest resistance zones, particularly the $1.72K-$1.78K supply area. Until then, the broader trend remains bearish despite the improving momentum profile.
ETH/USDT 4-Hour Chart On the 4-hour timeframe, Ethereum has spent the past several sessions consolidating above the lower demand zone after the sharp sell-off from resistance.
A descending trendline has capped every recovery attempt since the June 22 rejection. However, the asset is now compressing directly beneath that trendline, while volatility continues to contract. This setup creates the possibility of a short-term breakout if buyers can push through trendline resistance.
A successful breakout would likely target the $1.72K-$1.78K supply zone, which served as the origin of the latest decline. Such a move would align well with the bullish RSI divergence visible on the daily chart and could provide the first meaningful recovery rally in several weeks.
On the downside, the $1.52K area remains the key level to monitor. Losing this support would invalidate the short-term bullish scenario and shift focus back toward deeper downside continuation within the broader downtrend.
For now, Ethereum appears trapped between support and descending resistance, with the next directional move likely determined by whichever side breaks first.
Sentiment Analysis The liquidation heatmap reveals an interesting shift in liquidity positioning.
While liquidity remains concentrated above the current price, particularly between roughly $1.68K and $1.80K, Ethereum is currently trading beneath these large clusters. Markets often gravitate toward areas with substantial leveraged positioning, making those overhead liquidity pools attractive short-term targets.
This creates a scenario where ETH could stage an upside liquidity sweep before any larger directional move develops. A breakout above the 4-hour descending trendline would increase the probability of price moving into these overhead liquidity pockets, triggering short liquidations and fueling a squeeze toward the $1.7K-$1.8K region.
At the same time, the heatmap also shows notable liquidity beneath the market around the lower support region, meaning both sides of the range remain vulnerable to liquidation-driven volatility.
Combined with the bullish daily RSI divergence and the compression beneath 4-hour trendline resistance, the current setup suggests Ethereum may first attempt an upside liquidity grab before the market determines whether a more sustainable recovery can develop. The reaction around the $1.72K-$1.80K liquidity cluster will likely provide important clues regarding Ethereum’s next major trend.
The crypto market slipped 0.83% to $2.07 trillion as selling pressure returned across major assets. Bitcoin hovered below $60,000, while Ethereum traded near $1,557 after large holders increased selling.
XRP price held around $1.05, supported by stronger ETF demand. Fresh flow data showed XRP ETF products gaining inflows, while Bitcoin and Ethereum ETFs continued to lose capital during a weak market session on June 26.
XRP ETF Inflows Outpace Bitcoin and Ethereum Funds The positive bright spot for U.S. spot crypto funds was XRP ETF products. XRP tokens attracted more interest from investors, with bigger holdings seeing redemptions.
The total daily net inflows for U.S.-listed XRP spot ETFs reached $15.63 million on June 26. This added to the already existing net inflows of $1.47 billion into all XRP ETFs.
XRP’s monthly performance was also positive. Over 30 days, XRP funds added $60.61 million in net inflows. This was in contrast to Bitcoin and Ethereum ETFs, which both saw monthly outflows.
Source: Sosovalue data Bitwise’s XRP fund led the daily inflow table. The fund attracted $11.66 million and held $293.49 million in net assets. Next came Franklin’s XRPZ, which had $3.97 million in inflows and $235.20 million in assets.
Canary’s XRPC was also a significant investor with $234.97 million in assets. Grayscale’s GXRP was valued at $57.60, whereas 21Shares’ TOXR was still in the red on a cumulative basis.
But XRP remains far behind the bigger ETF markets in terms of trading volume. Over all, the value traded in XRP spot ETFs totaled $22.04 million. Net assets stood at $934.26 million, equal to 1.44% of XRP’s market capitalization.
Bitcoin and Ethereum ETFs Extend Seven-Day Outflow Streak Bitcoin & Ethereum ETFs continued to struggle, with investors withdrawing from leading funds. According to SoSoValue, both categories posted a seventh straight day of net outflows on June 26.
Spot Bitcoin ETFs experienced daily net outflows of $444.51 million from the U.S. market. Investors pulled $4.41 billion out of Bitcoin funds during the 31-day period. Net inflows were still high over the 12-month period, however, at $51.61 billion.
U.S. Spot Bitcoin and Ethereum ETFs See Seventh Straight Day of Outflows
According to SoSoValue, on June 26 (ET), U.S. spot Bitcoin and Ethereum ETFs both recorded their seventh consecutive day of net outflows. Spot Bitcoin ETFs saw a total net outflow of $445 million, while… pic.twitter.com/vm3nFGOnUQ
— Wu Blockchain (@WuBlockchain) June 27, 2026
For the whole day, all of the money flowed out of BlackRock’s IBIT. However, IBIT was the top Bitcoin ETF by assets. The fund has $44.42 billion in net assets and $60.77 billion in cumulative inflows.
Fidelity’s FBTC trailed with $10.44 billion in assets. The Grayscale GBTC was down overall with $27.14 billion of cumulative outflows. But there was no net redemptions in the day for GBTC.
Ethereum ETFs experienced less demand, but losses were not as severe as Bitcoin’s. Daily outflows of spot Ethereum ETFs hit $12.85 million in the U.S. Ethereum has lost more than $610.61 million over the course of 30 days.
BlackRock’s ETHA continued to be the biggest Ethereum fund. It had $4.27 billion in net assets and $11.08 billion in cumulative inflows. Grayscale’s ETHE continued to stay in the red by recording an outflow of $5.33 billion in cumulative outflows.
Bitcoin Still Leads Assets as XRP Gains Fresh Investor Demand XRP is currently the leader in the short-term flow race, whereas Bitcoin has the crown in size. The net assets of U.S. Bitcoin ETFs totaled $72.82 billion. They traded a total of $2.54 billion, which is significantly higher than XRP’s day-to-day activity.
The net assets of Ethereum ETFs totaled $8.38 billion. This was 4.42% of Ethereum’s total market capitalization. Bitcoin ETF assets equaled 6.08% of Bitcoin’s market value.
The new figures reveal a stark difference in investor action. Bitcoin and Ethereum funds are seeing withdrawals, and XRP ETF products are gaining new demand. Nevertheless, Bitcoin is the biggest and most flow market for ETFs.
Near term, traders are watching Bitcoin’s $58,000 support level. Failure to move below this zone will give room for the price to move to $54,000. Any recovery above $61,800 could help ease overall crypto ETF sentiment.
The decentralized finance (DeFi) and blockchain sector has witnessed a considerable drop in developer activity over the past week. However, despite decline, Ethereum, BNB Chain, and Polygon are still the top blockchains. As per the data from Santiment, the other prominent blockchains based on developer activity include Solana, Arbitrum, Optimism, Cosmos, Avalanche, Harmony, and Cardano. The data highlights that the DeFi landscape is consistently grappling with minimized developer participation amid decreased investor confidence.
Ethereum Dominates with 6.1K Events and 25 Contributing Developers Ethereum is the leading player when it comes to weekly developer activity. Over the past 7 days, Ethereum witnessed 6.1K developer activity events, showing a 52.61% dip. Additionally, 25 developers took part in these events, highlighting a 96.46% drop. Along with that, BNB Chain has become the 2nd notable blockchain, with a total of 2.7K developer activity events, expressing an 18.02% plunge. Particularly, 9 developers were a part of the respective events, presenting a 97.47% slump.
Coming after that, Polygon has become the 3rd top blockchain when it comes to developer activity. Specifically, it saw 2.2K developer activity events, indicating a 22.84% weekly decrease. At the same time, 5 developers participated in the respective events, expressing a 98.26% drop. Additionally, Solana’s 2K events accounted for an 8.79% decline, while 6 developers contributed to the events, signifying a 97.44% reduction.
Moving on, Arbitrum’s 1.8K weekly developer activity events denote a 16.84% decrease, while the number of developers participating in them was 5, underscoring a 98.01% decline. Additionally, Optimism recorded 1.7K events and 4 developers, displaying 14.22% and 98.33% slumps. Then comes Cosmos, with 1.7K events and just 2 developers, revealing 19.12% and 98.9% drops.
Harmony Bottoms List with 1.4K Events and 5 Developers According to Santiment, Avalanche is the 8th top blockchain based on weekly developer activity, with 1.5K events as well as 5 developers. These figures account for 15.79% and 97.58% dips. Additionally, Cardano’s 1.4K events and 3 developers contributing to them show 16.52% and 98.29% decreases. Ultimately, Harmony is the last among the leading blockchains of the week, with its 1.4K events and 5 developers expressing 19.71% and 97.14% drops.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
The cryptocurrency market is enduring one of its sharpest broad-based pullbacks of 2026, with blue-chip assets @dogecoin $DOGE, @Ripple $XRP, and @Ethereum $ETH taking the heaviest hits among large-cap tokens over the past seven days.
@dogecoin $DOGE has fallen 12% on the week, while both @Ripple $XRP and @Ethereum $ETH have shed roughly 9% over the same period. At the time of writing, not a single asset in the CoinMarketCap top 30 had recorded positive price action in the past seven days, an unusually uniform sign of bearish pressure across the market.
A Market-Wide Rout The scale of the decline reflects more than routine volatility. Bitcoin slid toward $62,000 amid a broad sell-off in technology and semiconductor stocks, extending its weekly losses and pressuring risk assets globally. Crypto markets fell across major tokens while U.S. spot Bitcoin ETFs logged a record 30-day net outflow of more than $6 billion, signaling sustained institutional de-risking.
Leading cryptocurrencies cracked alongside stocks after a sharp decline in chip-related shares cast doubt on the sustainability of the AI rally. Bitcoin dropped below $62,000 amid heavy selling, while Ethereum bulls failed to defend support at $1,700. XRP and Dogecoin recorded sharp declines as well, with over $560 million liquidated from the cryptocurrency market in a single 24-hour window, according to Coinglass data.
For $XRP, the slump threatened to push the digital asset under $1 for the first time since shortly after President Donald Trump's 2024 reelection win. For $DOGE, the fall thrust the first meme coin to its lowest levels since late 2023.
Macro Pressure and Weak Sentiment "Extreme Fear" sentiment intensified, returning to levels seen earlier this month, according to the Crypto Fear and Greed Index. The pullback is primarily driven by Bitcoin-led selling amplified by derivatives liquidations. Traders are also contending with a mix of ETF outflows, weak risk sentiment, and rising debate over whether the massive SpaceX IPO demand is pulling liquidity away from crypto markets.
The iShares Bitcoin Trust ETF saw $239.30 million in net outflows and the Fidelity Wise Origin Bitcoin Fund shed $120.80 million in a single session. Around $86.10 million also flowed out of the iShares Ethereum Trust ETF.
"Days like today are undoubtedly painful," said Juan Leon, senior investment strategist at crypto asset manager Bitwise. Leon noted that pronounced drawdowns in crypto prices have felt thesis-breaking in the moment, but the technology continues to be adopted as a modern form of market plumbing.
This article is for informational purposes only and does not constitute investment advice.
Sources:
CoinDesk: Bitcoin drops toward $62,000 as chip selloff deepens
Yahoo Finance: Bitcoin sell-off drags Ethereum, XRP and Dogecoin lower
Benzinga: Bitcoin, Ethereum, XRP, Dogecoin drop amid global chip sell-off
The crypto ranking experienced a rare shift on June 26. Tether’s USDT briefly surpassed Ether in market capitalization, becoming the second cryptocurrency in the market behind Bitcoin. This reversal did not come from an increase in the USDT price, but from Ethereum’s sharp drop to its lowest level in 2026.
In brief USDT briefly surpassed Ether with over 186 billion dollars in capitalization. Ethereum fell near 1,510 dollars, its lowest level in 2026. The growth of stablecoins reveals a crypto market that has become more defensive. USDT reached a capitalization close to 186.06 billion dollars. At the same time, Ether’s capitalization fell to around 185.66 billion. Tether’s stablecoin thus temporarily occupied the second place in the crypto ranking. A scenario that some observers had already considered when Ethereum’s position began to seem less solid.
The crossover remained narrow. By June 27, Ether had recovered a capitalization close to 190 billion dollars thanks to a rebound in its price. USDT remained around 186 billion, with no major variation in its unit value.
This difference highlights a key particularity. Ethereum’s capitalization depends directly on the price of ETH. USDT’s capitalization evolves mainly according to the number of tokens in circulation, as each unit aims to maintain a value close to one dollar.
The surpassing therefore does not mean that investors have suddenly valued Tether as a blockchain technology superior to Ethereum. It rather shows that digital dollars are gaining ground while volatile crypto assets retreat.
Ethereum falls to its lowest level in 2026 Ether fell near 1,510 dollars on Coinbase, its lowest level of the year. The drop reached about 5.2% over twenty-four hours and nearly 9% over a week. It was enough to push its capitalization below that of USDT.
The correction becomes even more striking when compared to the August 2025 peak. At that time, ETH traded around 4,946 dollars. The decline now exceeds 68%, bringing the price back to levels seen in 2023 and April 2025.
Ethereum nevertheless retains significant activity in decentralized finance, stablecoins, and tokenization. But the crypto market does not automatically reward the use of a network. Demand for its token also depends on the economic context, speculation, and investor confidence.
This weakness does not only affect Ether. It weighs on all altcoins, often more sensitive to capital outflows than Bitcoin. When risk increases, investors often favor liquidity or assets considered more defensive.
Stablecoins rise in the crypto rankings USDT is not the only stablecoin to have benefited from the decline. Circle’s USDC also surpassed XRP in capitalization. USDC was nearly 74 billion dollars, against about 65 billion for XRP after its fall to one dollar.
Again, stablecoins did not experience a spectacular price increase. Their value remained close to one dollar. It is the competing crypto assets that declined, allowing stable digital currencies to gain ground.
This growth also reflects a real increase in their supply. The stablecoin market reached new records in 2026, even as several major cryptocurrencies lost value. USDT retains first place, while USDC gains ground in payments and on-chain transactions.
Stablecoins now represent a significant share of the total crypto capitalization. They serve as a temporary reserve for traders, a means of settlement in DeFi, and a tool for international transfers. Their demand no longer depends solely on periods of speculative euphoria.
For Ethereum, the challenge now is to turn its technical activity into a sustainable demand for ETH. For Tether, the issue will be to maintain confidence around its reserves and its dollar peg. In both cases, this episode confirms that stablecoins are no longer just secondary tools. They now occupy the center of the crypto market.
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Lydie M.
Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
XRP dipped all the way to the 1 dollar mark on Friday, putting this key threshold to the test once again. As selling pressure remained strong throughout the week, market participants closely watched the US Personal Consumption Expenditures (PCE) index for May, one of the Federal Reserve’s preferred gauges of inflation. The data hinted that inflation is proving more persistent than anticipated, prompting a cautious tone toward riskier assets.
Short term scenarios dominate the XRP outlookOver the course of three straight days, XRP declined and tested the heavy trading zone around 1.06 dollars, seeing about 830 million XRP change hands at this level. However, buyers struggled to hold the support and the price retreated to the 1 dollar boundary.
Following Friday’s low, buying interest emerged and the recovery extended into Saturday. Over the past 24 hours, XRP has gained 2.95 percent, most recently trading at 1.07 dollars. The key near-term question is whether support at 1.06 dollars can be reestablished, allowing the bounce to continue.
Analysts now see three possible paths for XRP in the short run: a continued recovery, a period of sideways movement, or a decline below 1 dollar.
Alternatively, if the market waits for fresh direction, the price could remain stuck in a narrow band. However, should the current levels fail, a fresh drop below the psychological 1 dollar mark may become likely, drawing attention to previous zones of strong trading activity as potential supports.
According to crypto analyst Ali, if XRP breaks below the critical 1 dollar level, three key price supports come into focus. Roughly 923 million XRP changed hands at 0.80 dollars, 1.16 billion at 0.62 dollars, and 1.06 billion at 0.51 dollars—areas where heavy historical trading activity makes them likely candidates for a potential price floor.
LevelXRP Traded (million)Significance1.06 dollars830Key near-term support and resistance0.80 dollars923First major support0.62 dollars1,160Deeper retracement target0.51 dollars1,060Lower support bandXRP Ledger takes the lead in RLUSD supplyA major development for the Ripple ecosystem this week involved RLUSD, Ripple’s dollar-pegged stablecoin. For the first time, on-chain supply of RLUSD on the XRP Ledger has surpassed that on Ethereum. Data tracking Ripple stablecoins shows 810 million dollars’ worth of RLUSD now circulating on XRP Ledger, while supply on the Ethereum network remains at approximately 760 million dollars.
XRP Ledger is Ripple’s proprietary blockchain network, widely used for cross-border payment solutions. RLUSD—a stablecoin tied to the US dollar—is designed for both institutional and retail payments across different platforms within the Ripple ecosystem.
RLUSD’s in-circulation supply on XRP Ledger reached 810 million dollars, while on the Ethereum network, the figure stood at 760 million dollars.
Regulatory green light for RLUSD in JapanJapan’s Financial Services Agency (FSA) has now officially recognized RLUSD under the country’s Payment Services Act as a new kind of electronic payment instrument. This move paves the way for Ripple’s stablecoin product to be used within Japan’s regulated financial markets.
Plans are in place to offer RLUSD in Japan through SBI VC Trade, making it available to both institutional investors and individual users. SBI VC Trade operates as a crypto platform under the umbrella of Japan’s financial giant SBI Holdings, expanding its product lineup to include the new stablecoin.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Marc Andreessen: Zhipu AI’s GLM-5.2 Rivals Top U.S. Open Models, Large Language Model Capabilities Gradually Move Toward a Multipolar Competitive Landscape
According to monitoring by Beating, a16z co-founder Marc Andreessen noted that many AI practitioners and industry insiders consider Zhipu GLM-5.2 to be the first Chinese AI model that can match or even outperform open models from leading U.S. labs on most tasks, while also being balanced across multiple capability dimensions. This development carries "extremely critical timing significance" amid accelerating global AI competition, as large model capabilities are gradually shifting from being dominated by a small number of U.S. labs to a multipolar competitive landscape. Click the original link below to join Beating’s Feishu AI News Channel, which provides 24/7 uninterrupted monitoring of global AI hotspots and news.
12 minutes ago
Michael Saylor has once again released updates for his Bitcoin Tracker, potentially signaling another round of BTC accumulation.
Michael Saylor, founder of MicroStrategy, has once again shared updates on Bitcoin Tracker, remarking, “We are gonna need more charts.” Per historical trends, MicroStrategy typically announces increases to its Bitcoin holdings the day after such statements.
12 minutes ago
Bank of America: Three key thresholds for US stocks to trigger a "full risk-off" this summer, with signals for these conditions already building up.
BofA Securities chief strategist Michael Hartnett outlined three thresholds for a "full risk-off" trigger this summer in his latest Fund Flow Report: the Mag7 ETF falling below $60, USD/JPY dropping below 110, and the yield curve inverting again. None of these conditions have been met yet, but related signals are building. U.S. stock funds posted a net outflow of $8.5 billion, the first such outflow since March, following a historic $119.2 billion net inflow. The divergence where hyperscale cloud providers continue to underperform chip stocks has pushed the sustainability of AI capital spending to the core of market debate: Apple’s MacBook price hikes and Microsoft’s Xbox price increases are both directly tied to rising memory costs. Rack memory prices at Vera Rubin have surged by 435% cumulatively, and Goldman Sachs forecasts AI capital spending could reach as high as $1.4 trillion by 2027. Hartnett’s core ongoing question is: How much further do cloud providers need to fall before the market starts pricing in capital spending cuts? U.S. equity funds have shifted ahead of the curve, with liquidity flowing out of tech giants and into cyclical assets including semiconductors, small-caps, housing, and REITs — a move the market interprets as a front-run bet on a policy shift toward "affordability". For asset classes, Hartnett believes gold remains highly valuable for allocation below $4,000, and going long on long-dated U.S. Treasuries is currently the most contrarian long-term trade. The U.S. dollar is only suitable for short-term holding rather than long-term allocation, while going long on emerging markets over the long term is his strategic stance. Since Fed Chair Waller took office on May 22, U.S. Treasuries have risen by 3.2% cumulatively, while stocks have fallen by 1.6%, with bonds outperforming significantly.
12 minutes ago
Bank of America: There are three key thresholds for US stocks to trigger a full-scale risk-off move this summer; none of the conditions have been triggered yet, but relevant signals are accumulating.
Bank of America Securities chief strategist Hartnett outlined three triggers for a "full risk-off" environment this summer in his latest Fund Flow Report: Mag7 ETF falling below $60, USD/JPY dropping below 110, and the yield curve inverting again. None of these conditions have been met yet, but signals are building. U.S. equity funds have posted a net outflow of $8.5 billion, the first such outflow since March, following a historic $119.2 billion net inflow. The divergence where hyperscale cloud providers continue to underperform chip stocks has put the sustainability of AI capital expenditure at the center of market debate: Apple’s MacBook price hikes and Microsoft’s Xbox price increases are both directly tied to rising memory costs. Vera Rubin rack memory prices have surged 435% cumulatively, and Goldman Sachs projects AI capital expenditure could reach as high as $1.4 trillion by 2027. Hartnett’s core ongoing question is: How much further do cloud providers need to fall before the market begins pricing in capital expenditure cuts? U.S. equity funds have already shifted ahead of time; liquidity flowing out of tech giants is pouring into cyclical assets like semiconductors, small-caps, housing, and REITs, a move the market interprets as a front-run bet on policy shifting toward "affordability." At the asset class level, Hartnett believes gold still holds strong allocation value below $4,000, and going long on long-dated U.S. Treasuries is the most contrarian long-term trade right now. The U.S. dollar is only suitable for short-term holding rather than long-term allocation, and his strategic view is to go long on emerging markets over the long term. Since Fed Chair Waller took office on May 22, U.S. Treasuries have risen 3.2% cumulatively, while stocks have fallen 1.6%, with bonds significantly outperforming.
12 minutes ago
Samsung Electro-Mechanics plans to sign a 500 billion won large order for AI server MLCCs, and will partner with Sumitomo Chemical to develop glass substrate business.
Samsung Electro-Mechanics is in final negotiations with a major U.S. tech firm over a supply contract for MLCCs (multi-layer ceramic capacitors) for AI servers. Worth around 500 billion won, the deal equals 10% of its component division’s annual revenue last year, making it an extremely large-scale order. Industry sources speculate the client is a leading player with significant clout in the data center sector. Each AI server requires 15,000 to 25,000 MLCCs—over 10 times the number used in a smartphone—with a unit price more than triple that of smartphone-grade MLCCs, earning the component the nickname "golden rice of the AI industry". Samsung Electro-Mechanics currently holds the No.2 position in the global MLCC market with a 20%+ share. The contract is expected to significantly boost its standing in the AI server MLCC market. Industry observers note the deal essentially secures quality validation from a global "big buyer", which will prompt other major tech firms to follow suit. Turning to its glass substrate business, Samsung Electro-Mechanics will formally sign a joint venture agreement with Japan’s Sumitomo Chemical this week. The two firms will invest a combined 500 billion won to set up a glass substrate JV, with Samsung holding a majority stake and contributing around 300 billion won. The JV will be based at the Pyeongtaek plant of Sumitomo Chemical’s South Korean subsidiary Dongwoo Fine-Chem, with production scheduled to launch in early next year. Glass substrates, which offer superior heat resistance to traditional plastic substrates and can accommodate more HBM (high-bandwidth memory) and GPUs, are hailed as "rule changers" for AI semiconductor packaging. Samsung Electro-Mechanics aims to lock in a high-quality supply chain in advance for mass production, while Sumitomo Chemical is using this partnership to enter the next-generation packaging materials market.
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Crypto KOL Ansem has continued pumping his eponymous meme coin, with ANSEM’s market cap briefly surging past $78 million.
According to GMGN data, Solana ecosystem meme coin ANSEM briefly hit a market cap of over $78 million before pulling back to $74 million. It has seen a 356x price surge in 24 hours, with 24-hour trading volume reaching $49.4 million. Today, crypto KOL Ansem announced on social media that, due to Pump.fun’s refusal to distribute airdrops, he is issuing a “stimmy” (stimulus fund) to “the trenches” — a term referring to on-chain meme coin traders. As of press time, Ansem has been posting buy calls continuously to stoke community sentiment. BlockBeats reminds users: Most meme coins lack real-world use cases and are highly volatile; please protect your assets and avoid FOMO.
Thursday was particularly positive days for the spot ETFs tracking Hyperliquid's token.
The evident divergence in how ETF investors behave toward the largest cryptocurrencies by market cap continues. The past week saw some record-setting withdrawals from the BTC funds, but those following HYPE and XRP have maintained their green dominance.
At the same time, the SOL funds have turned red after the previous week’s positive performance.
XRP and HYPE Still Dominate CryptoPotato reported last week that the spot ETFs tracking HYPE, XRP, and SOL defied the trend set by the two largest digital assets and attracted notable capital. The trend extended in the past week for two of those assets, and one day was particularly positive for the HYPE funds.
Data from SoSoValue reveals that Thursday stands out with just over $108 million in net inflows, making it by far the best single-day performance from the funds. With a lot more modest $1.46 million on Tuesday and $1.82 million on Friday, the week ended with $111.36 million in net inflows. It also set the record for the most significant weekly inflows, surpassing the previous of $72.38 million marked during the funds’ second week of existence.
The spot XRP ETFs also ended the week strongly, albeit nowhere near HYPE’s Thursday inflows. They attracted $15.63 million on Friday, building on the $5.31 million on Monday and $2.05 million on Wednesday. With Tuesday and Thursday being $0.00 days, the week ended with $23 million in net inflows, the best in a month and a half.
The cumulative total net flows have risen to another all-time high of $1.47 billion. Moreover, both XRP and HYPE ETFs have been on a green-only weekly streak for 8 and 7 consecutive weeks now, respectively.
SOL Joins BTC and ETH While the HYPE and XRP products have continued their impressive streak, SOL has fallen behind with a $3.8 million net outflow. Thus, the Solana ETFs have joined the two market leaders.
You may also like: Hyperliquid Responds After Appearing on Singapore’s Investor Alert List Bitcoin Didn’t Lose to Gold, the Rotation Story Is Wrong: Analyst Bitcoin Holds Key Price Floor Despite Weak Bullish Signals: Bitfinex Alpha The spot Bitcoin ETFs registered another massive withdrawal in the past week, with nearly $1.8 billion leaving the funds. This was their second-worst weekly performance in their 2.5-year history. The Ethereum funds were also in the red, with more than $273 million withdrawn.
Taiko says it is ready to bring its Ethereum layer-2 network back online after a June 21 security breach.
Summary
Taiko says the attack path is closed after outside experts reviewed its latest security fixes. The restart plan will restore chain activity before reopening the bridge under withdrawal quotas. Recent bridge attacks show why projects now face close scrutiny over proof validation controls. The project says the attack path is now closed, outside security experts have reviewed the fixes, and users will not lose funds.
The update marks a shift from emergency response to staged recovery. Taiko plans to restore the chain, back the bridge assets, reopen network activity and then unpause bridge operations under limits.
Taiko says attack path is closed Taiko said the June 21 attack path has been closed after a review by independent security experts. The team said it now has a staged plan to restore the chain while protecting user funds and network stability.
Taiko is ready to come back online.
The June 21 attack path is closed, the fixes have been reviewed by independent security experts, and we have a clear, staged plan to restore the chain. We're doing it in four careful steps, to ensure user’s security and stability before it…
— Taiko.eth 🥁 (@taikoxyz) June 28, 2026 The project said the first step will deploy the fixes and confirm the chain’s finalized state. Taiko also said the review must confirm there are no forged checkpoints or attacker claims still reachable.
The update follows an earlier warning after Taiko confirmed a compromise of its chain-state verification mechanism. As previously reported, the project had urged users to withdraw bridge funds and asked exchanges to pause TAIKO deposits while the team contained the issue.
Blockaid had linked the attack to flawed source-signal proof checks. The security firm said crafted message proofs were accepted on Ethereum without matching valid events on Taiko, allowing unauthorized releases from the ERC20 Vault.
Bridge backing comes before full access Taiko said the second step will replenish the bridge so every L2 asset is backed 1:1. The team said users will be able to verify the backing on-chain.
This step matters because bridge users rely on the claim that assets on the L2 match assets held or locked elsewhere. If backing becomes weak after an exploit, users may lose trust in wrapped or bridged balances.
Taiko said the Security Council will handle key restart actions. The council will also submit the proposal that unpauses the bridge once the chain finalizes properly and the network remains stable.
The team said it will reopen the bridge with conservative withdrawal quotas. Taiko said it does not expect the limits to stop users from moving assets, but it will use them as an extra safety guard.
Network activity returns in stages After the fixes and bridge backing steps, Taiko plans to bring network functions back online. Transfers, swaps and trading on L2 will return before the bridge fully opens.
That order gives the team time to watch the chain under normal activity before allowing free movement to and from the bridge. It also lowers the risk of a rushed restart after a security breach.
Taiko said, “No user will lose funds.” The team also warned users that there is no claim site and that the project will never contact users first through direct messages.
That warning targets phishing risks that often follow crypto exploits. Fake recovery links, support accounts and claim pages can lead users into signing harmful transactions or exposing wallet details.
Bridge security remains under pressure The Taiko breach adds to a series of recent bridge security failures. A Verus Protocol bridge exploit drained more than $11.5 million after attackers used forged cross-chain transfer messages.
Axelar also disabled Secret Network bridge routes after a $4.7 million exploit. Aztec Connect later lost about $2.1 million after an old contract suffered a verification mismatch.
A separate report said cross-chain bridge exploits caused $28.6 million in May losses, or about 42% of the monthly total. That figure shows why bridge proof checks and recovery plans now face close review.
Taiko’s next test is execution. The project must restore activity, prove 1:1 backing, reopen withdrawals safely and keep users away from scam recovery channels.
Sharplink, the second-largest Ethereum [ETH] treasury company, purchased an additional 29,196 ETH for $46.7 million on the 27th of June. In fact, Lookonchain reported that the Ethereum DATs amassed 39,196 ETH, worth $62.4 million, over the last three days.
Source: Lookonchain/X This marks Sharplink’s second purchase after an eight‑month pause. The first occurred when the firm added 5,000 ETH through FalconX, worth about $7.88 million at an average price of $1,576. With these acquisitions, Sharplink now holds 868,699 ETH in total, including 22,102 staked tokens. Meanwhile, its stock closed at $4.81, up 5.48% from the prior trading day.
Sharplink vs. Bitmine Meanwhile, on the 22nd of June, Bitmine, the biggest Ethereum DAT, paid $92 million to acquire an additional 52,203 Ethereum. As of right now, Bitmine has 5,672,956 ETH worth $8.92 billion.
Bitmine’s Tom Lee also stressed that his firm plans to continue growing steadily through 2026 and ultimately accomplish the “alchemy of 5%.” Although Sharplink has not yet disclosed such plans, the ETH accumulation strategy has been relatively comparable.
Ethereum’s market dynamics paint a concerning picture All this happened as ETH was trading at $1,568.75, the lowest level since April 2025. Meanwhile, Ethereum’s Spot Taker CVD has lost some of its aggressive buying momentum, which is a major shift compared to June 2025.
Although buyers are still present in the market, their influence has waned. Unlike the strong accumulation phase seen a year ago, the current demand indicates buyer exhaustion.
Source: CryptoQuant Final Summary Sharplink added more ETH in the past three days, pushing its total ETH holding to 868,699 ETH in total. Sharplink’s stock price also jumped after the ETH accumulation, but ETH’s price was changing hands around the $1500 price level.
In a move that continues to garner interest in both traditional and cryptocurrency markets, SharpLink Gaming has once again increased the size of its Ethereum treasury by acquiring roughly $46.7 million worth of ETH.
Becoming a top-tier investorRecent on-chain data indicates that the company received 29,195.83 ETH at an average acquisition price of $1,599.50 per coin from Galaxy Digital approximately ten hours ago.
After the most recent acquisition, SharpLink's on-chain holdings now total more than 202,000 ETH, or roughly $342 million at current market prices.
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ETH/USDT Chart by TradingViewThe approach clearly resembles Michael Saylor's Bitcoin-focused strategy at Strategy. Businesses using this model treat cryptocurrencies as core treasury reserves rather than as speculative side investments.
Ethereum has emerged as SharpLink's preferred asset. This strategy has more justification than just price appreciation. Ethereum provides more opportunities through staking, in contrast to Bitcoin. Companies may be able to generate yield while maintaining exposure to the asset's long-term value by holding substantial amounts of ETH. This results in a treasury model that combines recurring blockchain-generated rewards with the potential for capital growth.
SharpLink's strategyAdditionally, SharpLink's expanding market share represents a direct wager on Ethereum's potential future in digital finance. Ethereum is still one of the main networks anticipated to benefit from the continued growth of decentralized finance, tokenized assets, stablecoin infrastructure, and blockchain settlement systems. Establishing a sizable treasury position now enables the business to gain exposure prior to a possible acceleration of wider institutional adoption.
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Nevertheless, there are risks associated with the strategy. SharpLink's balance sheet is becoming more susceptible to changes in the price of Ethereum, which remains a highly volatile asset. The business is essentially tying the performance of a single cryptocurrency to a sizable portion of its corporate value.
The purchase is noteworthy from a market standpoint since it took place while Ethereum was still in a more general downward trend. Despite a recent stabilization around $1,600, the asset is still below its major moving averages. Such circumstances might present an opportunity for treasury-focused buyers to make purchases before sentiment improves.
It is unclear whether SharpLink will eventually surpass Strategy in Ethereum holdings. Nonetheless, it is evident that the business is gradually becoming one of the biggest publicly visible corporate ETH holders, and its most recent $46.7 million acquisition reinforces this commitment.
Ethereum is trading at $1,583 on June 28, 2026 — up 0.06% — consolidating above MA(7) at $1,575 and MA(25) at $1,582 for the first time since the June selloff began. The 1H chart shows ETH has reclaimed both short-term moving averages and is approaching MA(99) at $1,591 — the last resistance before the $1,600–$1,611 zone. The $1,512 cycle low established on June 26 has now held across three consecutive sessions, and volume has dropped 85% from the June 26 capitulation peak — a classic post-capitulation base-building signature.
Key Takeaways ETH is at $1,583 on June 28, up 0.06%; 24H high $1,611, 24H low $1,562 Price is above MA(7) at $1,575 and MA(25) at $1,582 — first bullish MA alignment since June correction began MA(99) at $1,591 is the next resistance; a close above it opens $1,600–$1,611 Cycle low $1,512 (June 26) has held across three sessions — base formation in progress Fear & Greed Index at 18 (Extreme Fear) — cycle low; yesterday was 15, last week was 23 BitMine now embedded in Russell 1000 with 5.67M ETH (4.7% supply); 86% staked — $233M projected annual revenue Glamsterdam upgrade targeting Q3 2026 mainnet: 78.6% gas fee reduction, 10,000 TPS Ethereum Foundation 40% spending cut confirmed — treasury sell pressure structurally reduced Ethereum Price Metrics — June 28, 2026 MetricValueETH Price (current)$1,58324h Change+0.06%24h High$1,61124h Low$1,562Cycle Low (June 26)$1,512MA(7)$1,575MA(25)$1,582MA(99)$1,591Key Resistance$1,591 (MA(99)) → $1,600–$1,611Key Support$1,562 (24H low) → $1,512 (cycle low)Market Cap~$191BCirculating Supply120.68M ETHATH (Aug 24, 2025)$4,951.66ATH Drawdown~68% ETH Reclaims MA(7) and MA(25) — First Bullish Signal Since June Selloff The June 28 1H chart is the most constructive ETH technical setup since the correction began. Price at $1,583 sits above MA(7) at $1,575 and MA(25) at $1,582 — the first time ETH has held above both short-term moving averages simultaneously since the June 22–24 recovery attempt failed at $1,693. The MA structure is flattening: MA(7) is rising, MA(25) is rising, and MA(99) at $1,591 is the only remaining resistance within the $1,580–$1,600 range.
A sustained close above MA(99) at $1,591 would be the first confirmed bullish signal on the 1H chart in two weeks, opening the $1,600–$1,611 resistance zone. The 24H high of $1,611 is the immediate ceiling; a break above it would be the first higher high since the correction began and would shift the daily structure from bearish to neutral.
The volume picture confirms base-building rather than distribution: the June 26 capitulation session generated the highest volume of the correction, and each subsequent session has seen sharply declining volume — exactly the pattern seen at major cycle lows where sellers exhaust themselves on the capitulation day and subsequent sessions see decreasing participation.
Support and Resistance — June 28 LevelType$1,611Resistance — 24H high / key breakout level$1,600Resistance — psychological level$1,591Resistance — MA(99)$1,583Current price$1,582Support — MA(25)$1,575Support — MA(7)$1,562Support — 24H low$1,512Support — June 26 cycle low (structural floor)$1,480–$1,500Support — next major demand zone Fear & Greed at 18: Sentiment vs Price Divergence The Fear & Greed Index printed 18 on June 28 — down from 23 last week, 15 yesterday, 18 today. All four readings are in Extreme Fear, meaning crypto sentiment has been maximally compressed for at least 30 days. For Ethereum specifically, the divergence between sentiment (at cycle lows) and price (holding above the June 26 low for three sessions) is the most important signal to track.
When the Fear & Greed makes new lows while price holds above prior lows, that divergence historically resolves to the upside. ETH at $1,583 — above MA(7) and MA(25), three sessions above the $1,512 cycle low — while the index reads 18 is the clearest version of this divergence seen in the current cycle.
BitMine Russell 1000: Permanent Structural Demand Embedded BitMine officially joined the Russell 1000 at market close on June 26 with 5.67 million ETH — 4.7% of all circulating supply. Of that, 4.88 million ETH (86%) is actively staked, generating a projected $233 million in annual staking revenue. Every passive index fund benchmarked against the $4+ trillion Russell 1000 now holds BMNR proportionally — embedding indirect ETH exposure across the broadest institutional equity benchmark in the world.
The structural significance is long-term and compounding: as BitMine’s staking revenue accumulates, the company has a financial incentive to continue holding and staking rather than selling. The 86% staking ratio means the effective liquid supply of ETH controlled by BitMine is less than 800,000 ETH — the rest is validator-locked and cannot be sold without an unstaking queue that takes days to weeks.
Glamsterdam Q3 2026: The Upgrade That Changes the Competitive Landscape Ethereum’s Glamsterdam upgrade — targeting Q3 2026 mainnet — aims to cut gas fees by 78.6% and push throughput to 10,000 transactions per second. If delivered on schedule, Glamsterdam would be the single most significant technical development for Ethereum since The Merge in September 2022 and would meaningfully shift the competitive calculus between Ethereum, Solana, and BNB Chain for DeFi and stablecoin settlement activity.
The Q3 2026 timeline means testnet milestones should begin appearing in July and August — providing incremental positive catalysts for ETH price independent of macro conditions or CLARITY Act timing.
Ethereum Foundation Spending Cut: Sell Pressure Structurally Reduced The Ethereum Foundation’s confirmed 40% spending cut removes a persistent source of structured selling pressure from the ETH market. Foundation treasury sales — historically a reliable overhead supply — have been a known headwind for ETH price through 2024–2026. The 40% reduction does not eliminate foundation selling, but it meaningfully reduces the predictable supply overhang that institutional traders model into their ETH positioning.
Combined with the EIP-1559 fee burn mechanism — which continues to remove ETH from circulation with every transaction — the spending cut tightens the net supply dynamic from both the issuance and the distribution sides simultaneously. For real-time ETH burn data, see Ultrasound.money.
Ethereum Price Comparison AssetPrice (June 28)24hBitcoin (BTC)~$60,2510.00%Ethereum (ETH)$1,583+0.06%XRP~$1.05–0.22%Solana (SOL)~$71.66–0.01%BNB~$556–1.32%TRON (TRX)~$0.3215+0.27% Where to Buy Ethereum Binance — deepest ETH/USDT liquidity globally. Bybit — spot and perpetual ETH pairs. Coinbase — US-regulated, ETH staking available on platform. Kraken — strong compliance record, ETH staking with competitive APY. KuCoin — broad ETH pair selection. Gate.io — wide token range. OKX — spot and futures ETH trading. Uniswap — leading decentralized exchange for ETH and ERC-20 tokens directly from self-custody.
FAQ What is Ethereum’s price today, June 28, 2026?
Ethereum is trading at $1,583 on June 28, 2026, up 0.06% over 24 hours. The 24H range is $1,562–$1,611. Price has reclaimed MA(7) at $1,575 and MA(25) at $1,582 — the first bullish MA alignment on the 1H chart since the June correction began. MA(99) at $1,591 is the next resistance. The $1,512 cycle low from June 26 has held across three consecutive sessions, forming a potential technical base. A close above $1,591 opens $1,600–$1,611.
Why is the Fear & Greed Index at 18 and what does it mean for Ethereum?
The Fear & Greed Index at 18 (Extreme Fear) is the deepest reading of the current 2026 correction cycle — down from 23 last week and 15 yesterday. For Ethereum, the critical observation is the divergence between sentiment (at cycle lows) and price (holding above the $1,512 June 26 low for three sessions). When the Fear & Greed makes new lows while price holds, the divergence historically resolves to the upside. ETH’s reclaim of MA(7) and MA(25) on June 28 adds technical confirmation to this sentiment-vs-price divergence signal.
What is the BitMine Russell 1000 inclusion and why does it matter for ETH?
BitMine joined the Russell 1000 at market close on June 26 with 5.67 million ETH — 4.7% of all circulating supply. Every passive index fund tracking this $4+ trillion benchmark now holds BMNR proportionally. BitMine has staked 86% of its ETH (4.88 million ETH), generating a projected $233 million in annual staking revenue. The structural significance: 86% of BitMine’s ETH is validator-locked and cannot be sold quickly, permanently removing that supply from short-term market pressure while embedding indirect ETH demand into the world’s broadest passive equity benchmark.
What is the Glamsterdam upgrade?
Glamsterdam is Ethereum’s next major protocol upgrade, targeting Q3 2026 mainnet. It aims to cut gas fees by 78.6% and push throughput to 10,000 transactions per second — the most significant execution-layer improvement since The Merge. Testnet milestones are expected to begin appearing in July and August 2026, providing incremental positive catalysts for ETH price independent of macro or regulatory developments. Successful mainnet delivery would shift the competitive calculus between Ethereum, Solana, and BNB Chain for DeFi and stablecoin settlement activity.
What is Ethereum’s all-time high?
Ethereum’s all-time high is $4,951.66, reached on August 24, 2025. As of June 28, 2026, ETH trades approximately 68% below that record at $1,583. The 2026 cycle low is $1,512, printed intraday on June 26 — three sessions ago and not retested since.
28 June 2026 | 13:38 Ethereum is ending the second quarter of 2026 in a rough spot: two consecutive double-digit negative quarters, a market cap that has slipped out of the global top 100 assets, and a derivatives market where buyers are present but unable to push price higher.
Key Takeaways Ethereum is closing Q2 2026 with two straight double-digit negative quarters. Its market cap has fallen out of the global top 100 assets. Buyers are active in derivatives, but price isn’t responding. The only comparable back-to-back negative Q1 and Q2 were in 2022; 2018 remains the sharpest downside risk scenario for what follows. One of the most telling signals is in the order flow. The Taker Buy/Sell Ratio sits at 1.13, meaning aggressive buyers are outnumbering sellers on Binance. Normally that pushes price up. It isn’t. The Fund Price at $12.59 has been declining since April despite that buying pressure, and that combination is the problem.
What it points to is absorption: the sell orders are large enough to neutralize the incoming buy flow without price responding. When buying pressure exists but price stays flat or falls, the more likely explanation, as the analysis frames it, is distribution, larger holders using bounces to exit, rather than accumulation building a base. It’s worth being precise that order-flow data can’t name who is selling; what it shows is buying being absorbed, and distribution is the reading that best fits that behavior.
On-chain data confirms who is doing the selling. Crypto analyst Ali Charts wrote on X that large-scale holders offloaded roughly 550,000 ETH over the past week, injecting $880 million in sell-side supply into the market. That selling pressure pushed ETH below its immediate $1,633 support floor, with the market now testing critical volume support at $1,583. According to URPD data cited by Ali Charts, losing that level opens a path toward extended liquidations, with the next high-volume demand zones sitting at $1,237 and $1,089 if distribution continues into next week.
2026 in Historical Context The quarterly numbers put the weakness in perspective. Q1 2026 finished at -29.26% and Q2 at -24.75%. The only year in ETH’s recorded history with a comparable back-to-back negative Q1 and Q2 was 2022, which posted -10.75% and -67.34% respectively. 2018 had a positive Q2 (+15.29%) before collapsing in Q3 (-48.69%) and Q4 (-41.62%), making it the relevant downside risk scenario rather than a structural match. In every other year that opened with a negative Q1, ETH recovered in Q2. 2026 has not followed that pattern.
Year Q1 Q2 Q3 Q4 2018 -46.61% +15.29% -48.69% -41.62% 2022 -10.75% -67.34% +24.09% -9.94% 2026 -29.26% -24.75% — — That matters for what comes next. The historical Q3 average is +7.4% with a median of +8.19%, and Q3 has been positive in the majority of recorded years, which may normally be an encouraging base rate. But there is some exceptions: in 2018 for example, Q3 came in at -48.69%. So the historical record cuts both ways, the typical Q3 is positive, but still sometimes it was sharply negative.
The Top-100 Milestone ETH falling out of the global top 100 assets by market cap isn’t a separate event, it’s a direct consequence of the price decline. It’s a measure of how far Ethereum’s market cap has compressed relative to the full universe of global assets, equities, commodities, and everything else ranked by size. The milestone is symbolic rather than mechanical, but it captures how much ground the asset has given up.
🚨 WILD: Ethereum is no longer a top 100 asset ranked by market cap. pic.twitter.com/9IRIBJMkq6
— Cointelegraph (@Cointelegraph) June 27, 2026
Pulling it together: the order flow shows buyers active but unable to move price, which most plausibly reflects larger holders distributing into strength; the quarterly record shows a two-quarter decline matched structurally only by 2022, with 2018 providing the sharpest downside risk scenario for what follows; and the market-cap milestone underlines the scale of the compression. None of this predicts where ETH goes next. The data describes a market under real structural pressure, with a forward path that the history can frame but not settle.
The signal worth watching into July is straightforward: whether this absorption pattern breaks toward heavier selling, or whether the steady buyer flow finally overcomes the resistance that has been capping it. That probably could give a sign on which way the pressure is resolving.
Ethereum is trading for $1,570 at the time of writing after 6.7% drop for the past 7 days, according to CoinMarketCap data.
This article is for informational purposes only and does not constitute financial advice. Consult a professional before making investment decisions.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
28 June 2026 | 13:38 Ethereum is ending the second quarter of 2026 in a rough spot: two consecutive double-digit negative quarters, a market cap that has slipped out of the global top 100 assets, and a derivatives market where buyers are present but unable to push price higher.
Key Takeaways Ethereum is closing Q2 2026 with two straight double-digit negative quarters. Its market cap has fallen out of the global top 100 assets. Buyers are active in derivatives, but price isn’t responding. The only comparable back-to-back negative Q1 and Q2 were in 2022; 2018 remains the sharpest downside risk scenario for what follows. One of the most telling signals is in the order flow. The Taker Buy/Sell Ratio sits at 1.13, meaning aggressive buyers are outnumbering sellers on Binance. Normally that pushes price up. It isn’t. The Fund Price at $12.59 has been declining since April despite that buying pressure, and that combination is the problem.
What it points to is absorption: the sell orders are large enough to neutralize the incoming buy flow without price responding. When buying pressure exists but price stays flat or falls, the more likely explanation, as the analysis frames it, is distribution, larger holders using bounces to exit, rather than accumulation building a base. It’s worth being precise that order-flow data can’t name who is selling; what it shows is buying being absorbed, and distribution is the reading that best fits that behavior.
On-chain data confirms who is doing the selling. Crypto analyst Ali Charts wrote on X that large-scale holders offloaded roughly 550,000 ETH over the past week, injecting $880 million in sell-side supply into the market. That selling pressure pushed ETH below its immediate $1,633 support floor, with the market now testing critical volume support at $1,583. According to URPD data cited by Ali Charts, losing that level opens a path toward extended liquidations, with the next high-volume demand zones sitting at $1,237 and $1,089 if distribution continues into next week.
2026 in Historical Context The quarterly numbers put the weakness in perspective. Q1 2026 finished at -29.26% and Q2 at -24.75%. The only year in ETH’s recorded history with a comparable back-to-back negative Q1 and Q2 was 2022, which posted -10.75% and -67.34% respectively. 2018 had a positive Q2 (+15.29%) before collapsing in Q3 (-48.69%) and Q4 (-41.62%), making it the relevant downside risk scenario rather than a structural match. In every other year that opened with a negative Q1, ETH recovered in Q2. 2026 has not followed that pattern.
Year Q1 Q2 Q3 Q4 2018 -46.61% +15.29% -48.69% -41.62% 2022 -10.75% -67.34% +24.09% -9.94% 2026 -29.26% -24.75% — — That matters for what comes next. The historical Q3 average is +7.4% with a median of +8.19%, and Q3 has been positive in the majority of recorded years, which may normally be an encouraging base rate. But there is some exceptions: in 2018 for example, Q3 came in at -48.69%. So the historical record cuts both ways, the typical Q3 is positive, but still sometimes it was sharply negative.
The Top-100 Milestone ETH falling out of the global top 100 assets by market cap isn’t a separate event, it’s a direct consequence of the price decline. It’s a measure of how far Ethereum’s market cap has compressed relative to the full universe of global assets, equities, commodities, and everything else ranked by size. The milestone is symbolic rather than mechanical, but it captures how much ground the asset has given up.
🚨 WILD: Ethereum is no longer a top 100 asset ranked by market cap. pic.twitter.com/9IRIBJMkq6
— Cointelegraph (@Cointelegraph) June 27, 2026
Pulling it together: the order flow shows buyers active but unable to move price, which most plausibly reflects larger holders distributing into strength; the quarterly record shows a two-quarter decline matched structurally only by 2022, with 2018 providing the sharpest downside risk scenario for what follows; and the market-cap milestone underlines the scale of the compression. None of this predicts where ETH goes next. The data describes a market under real structural pressure, with a forward path that the history can frame but not settle.
The signal worth watching into July is straightforward: whether this absorption pattern breaks toward heavier selling, or whether the steady buyer flow finally overcomes the resistance that has been capping it. That probably could give a sign on which way the pressure is resolving.
Ethereum is trading for $1,570 at the time of writing after 6.7% drop for the past 7 days, according to CoinMarketCap data.
This article is for informational purposes only and does not constitute financial advice. Consult a professional before making investment decisions.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Two consecutive mainnet outages hit Coinbase-incubated Layer 2 network Base on June 25 and 26, with the same sequencer block‑building bug responsible for both disruptions. The first lasted approximately 116 minutes; the second, 20 minutes. According to the official post‑mortem surfaced by WuBlockchain, stale journal state persisted after a failed transaction, producing a block with an invalid state transition that halted the chain. No user funds were affected.
Base’s team quickly fixed the bug and outlined improvements to fuzz testing, load testing, monitoring, and network recovery. Yet the episode does more than demonstrate normal software bugs: it exposes the fragility that still underpins a rollup handling significant DeFi volume and institutional attention.
The Bug That Took Base Offline Sequencers are the heartbeat of an optimistic rollup, ordering transactions and proposing blocks to the base layer. In Base’s case, the same flaw triggered both outages when a failed transaction left the internal journal in a stale state. The sequencer then built a new block using that outdated state, creating an invalid chain transition. Because the network relies on a single sequencer—currently operated by Coinbase—the invalid block propagated and forced a halt.
While base‑layer Ethereum would have simply orphaned a flawed block via consensus, L2s lack that distributed safeguard at the sequencer level. A bug in the ordering node can freeze the entire chain, as it did here. The fact that the same root cause struck twice within 24 hours suggests the initial patch may not have fully addressed the journal‑state logic.
The 136 total minutes of downtime are non‑trivial. For a platform that processes daily active addresses in the hundreds of thousands, any interruption ripples through DeFi protocols, perpetual exchanges, and NFT marketplaces that rely on Base for finality. Liquidations, oracle updates, and bridging transactions all pause, creating potential MEV and pricing distortions once the network resumes.
Sequencer Reliance and Centralization Risks Base’s architecture highlights a broader L2 design choice: centralized sequencers deliver fast block times and predictable MEV capture but introduce a single point of failure. Competitors like Arbitrum and Optimism have begun moving toward decentralized sequencer sets, but Base remains in a transitional phase. The outage is a stark reminder that until failover mechanisms are live, a single software bug can halt the entire chain.
Markets have largely priced in this risk, but the event may amplify calls for sequencer decentralization. The broader L2 ecosystem has seen teams like Arbitrum push updates with high developer activity, as tracked in recent rankings of top blockchains by developer activity. Base, despite its user growth, now faces fresh scrutiny on whether its infrastructure matches its ambitions.
Moreover, the timing coincides with an inflection point for on‑chain real‑world assets. Tokenized treasuries and private credit have crossed $20 billion in total value, as detailed in a recent tokenization roundup. While Base primarily serves crypto‑native use cases today, any L2 aiming to attract institutional settlement must demonstrate mainnet‑grade reliability. A 116‑minute hard stop would be unacceptable for securities settlement.
Base’s engineering response focuses on protocol‑level fuzz testing—feeding unexpected inputs to the sequencer to catch edge cases before they reach production—alongside expanded load testing and faster network recovery pathways. The team acknowledged the need to simulate failed‑transaction scenarios more aggressively. These are sensible stops, but they do not eliminate the risk inherent in a single‑sequencer design.
What remains uncertain is whether future upgrades will introduce a fallback sequencer or decentralized ordering layer. For now, the network’s uptime depends entirely on the robustness of Coinbase’s infrastructure and the thoroughness of its testing suite. Another similar bug that escapes detection could trigger longer outages or, in a worst case, a network halt requiring a manual reset.
The market impact was muted, partly because no funds were lost and the bug was transparently disclosed. Still, users and protocol developers may reconsider their contingency plans when operating on Base. Bridging delays, oracle freezes, and DeFi position liquidations during downtime are real tail risks that cannot be hedged away easily. As L2s absorb an ever‑larger share of on‑chain activity, such operational hiccups become less a technical footnote and more a market‑structure concern.
AUTHOR
Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.
Institutional appetite for Ethereum [ETH] continues to weaken as investors reduce exposure to risk assets amid uncertain market conditions. U.S. spot ETH ETFs recently recorded another $12.85 million in net outflows, extending a broader slowdown in fund demand despite cumulative net inflows remaining near $11 billion.
With this reduction, there will be less institutional capital available to buy Ethereum to help stabilize prices as they continue to decline.
Source: SoSoValue As such, Ethereum now relies more heavily on staking demand, layer-2 activity, and natural organic spot buying to help stabilize prices. If Ethereum network demand increases, then it is possible that the markets can begin to absorb some excess supply.
However, if institutional demand does not increase, then we should expect longer-term consolidation and increased vulnerability to sentiment-driven price movements.
ETH bears retain control despite buying pressure Institutional demand has already weakened, and derivatives activity now suggests bearish conviction is strengthening. Market structure may be decisively bearish unless spot flows and leverage flows simultaneously turn positive again.
Meanwhile, the fund price has declined steadily from its April peak to 12.59. This dynamic reflects a fading appetite for leveraged long positions. Moreover, this divergence shows that buyers, though appearing more aggressive, are becoming less effective, leaving bears firmly in control of short‑term price action.
Source: Arkham Although moving assets to this new address does not necessarily indicate that the person behind the transaction is planning to sell their asset. Yet, previous instances of like-sized on-chain asset movements have occurred before liquidity events, making subsequent wallet activity the key signal to monitor.
If the funds remain in self-custody, the transfer will likely reflect routine wallet management. However, deposits to exchanges or OTC counterparties could reinforce existing bearish sentiment and increase expectations of additional selling pressure.
Final Summary Ethereum remained vulnerable as weakening institutional demand and bearish market structure continue limiting recovery momentum. ETH needs stronger spot demand to offset selling pressure and restore sustained bullish momentum.
Let me tell you about a warning that slipped under the radar this week, because while everyone was staring at Ethereum’s price, someone on the inside was quietly raising a flag about something more important.
But first, the price, since I know that is why you are here. ETH is sitting at $1,581, basically flat on the day but down a painful 8.4% on the week, the weakest of the major coins over the past seven days (live ETH price on CoinGecko). It is hovering near a support zone it has tested too many times for comfort. That is the surface story. Here is the one underneath.
The insider warning This week, a former member of the Ethereum Foundation, the nonprofit that has steered Ethereum’s development for years, went public with a concern. As the Foundation steps back from its traditional role and governance shifts to new structures, he warned that Ethereum needs to quickly build new funding institutions to fill the gap, or risk a shortfall in how core development gets paid for.
Think about what that means for a second. Ethereum is not run by a company. There is no CEO writing checks to developers. For years, the Foundation has been the entity making sure the people who build and maintain Ethereum get funded. Now that the Foundation is deliberately pulling back, the question becomes: who pays for the work? If new funding institutions do not stand up fast enough, you could get a gap, a period where critical development is underfunded right as Ethereum is trying to scale.
That is the warning. And it matters because it is structural, not about this week’s candle. It is about who keeps the lights on for the next few years.
Why I am not panicking about it Here is the balance, though, because I do not want to leave you with just the scary part. A funding gap warning is a call to action, not a death sentence, and Ethereum has navigated transitions before.
The on-chain reality is actually encouraging. Ethereum’s active addresses have hit cycle highs, meaning more people are using the network than at almost any point this cycle, even with the ugly price. Treasury companies are still buying ETH by the millions despite sitting on losses, betting on Ethereum as long-term infrastructure. And the Glamsterdam upgrade keeps hitting real performance milestones on its test networks. The technology and the usage are moving forward. The warning is about making sure the funding structure keeps pace, and now that it is out in the open, the community can actually address it.
So I read this less as “Ethereum is in trouble” and more as “an insider just told everyone what to fix.” That is healthy, even if it is uncomfortable.
The supply story is still quietly building One more thing worth your attention, because it keeps not getting priced in. The amount of ETH sitting on exchanges remains near record lows, and the share locked in staking is near record highs. Less ETH available to sell, more of it locked away. That is a supply squeeze building in the background while the price does the opposite.
In a calm market, that tightening would matter. Right now, fear from Bitcoin’s slide to a 20-month low is drowning it out, and ETH, which always moves harder than Bitcoin, is getting hit extra hard. But supply squeezes are patient. They wait. And when sentiment finally turns, a market this tightly wound can move fast.
The levels I am watching Below, the zone around $1,500 is the line. It has held repeatedly, but every test wears it down, so I would not treat it as bulletproof. If it goes, lower levels open up. Above, ETH needs to climb back over $1,700, then $1,800, and the real milestone is reclaiming $2,000, the level it lost on the way down. Get back above $2,000 and you can argue the supply squeeze is finally showing up where it counts.
Where this leaves us Ethereum at $1,581 looks weak, and the near-term trend genuinely is, dragged down by a fearful market and ETH’s habit of falling harder than the rest. I will not pretend otherwise.
But keep your ear to the ground. An insider just flagged a funding gap the community needs to solve, usage is at cycle highs, and a supply squeeze is quietly building that almost nobody is pricing in. Watch $1,500 below and $2,000 above. The price is loud and ugly right now, but the more interesting Ethereum story is the quiet one playing out underneath it.
FAQ What is the Ethereum price today?
Ethereum is trading around $1,581 on June 28, 2026, roughly flat on the day but down 8.4% on the week, the weakest major coin over the past seven days, hovering near the $1,500 support zone.
What is the Ethereum Foundation funding warning?
A former Ethereum Foundation member warned that as the Foundation steps back from its traditional role, Ethereum must quickly build new funding institutions to pay for core development, or risk a funding gap during the governance transition.
Why is Ethereum falling more than other coins?
Ethereum is a higher-beta asset that falls harder than Bitcoin in selloffs. With Bitcoin at a 20-month low and a fearful market, ETH took the worst weekly hit among majors, even as its on-chain usage hit cycle highs.
What are the key Ethereum levels to watch?
The key support is around $1,500, which has held repeatedly but weakens with each test. Above, ETH needs to reclaim $1,700, then $1,800, and the key $2,000 level it lost in the selloff.
Is Ethereum still a good long-term hold?
Ethereum’s usage is at cycle highs, treasury firms keep accumulating, and upgrades progress, but the funding-gap warning is a real structural question to watch. The supply squeeze is also building. This is not investment advice; assess your own risk tolerance.
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The investigations into the 2026 exploits targeting the Kelp DAO and Humanity Protocol have taken on a new dimension as a result of the most recent on-chain activity.
ZachXBT, a blockchain analyst, noticed that money taken from the two different attacks had recently been mixed.
This suggests that assets from both exploits were moved through the same wallet or transaction flow. Interestingly, this also reveals a connection between the attackers.
How much of the stolen funds were moved? The Humanity Protocol attacker transferred 15,403 ETH, worth $23.6 million, to a relatively new Ethereum [ETH] address, according to Specter. After that, the money was transferred to the Bitcoin [BTC] network, where it was combined with earnings linked to the KelpDAO exploit.
As of now, over $8 million of the stolen money has been laundered by the Humanity Protocol attacker.
For context, the Lazarus Group uses this well-known tactic to combine the profits from various operations into one Bitcoin wallet before transferring them via mixers and over-the-counter desks.
That said, the Kelp DAO exploit drained about $292 million from its LayerZero bridge in April 2026.
Meanwhile, Humanity Protocol lost about $32 million in June. This happened when the hackers gained access to the deployer account and team-controlled wallets via a developer’s compromised device.
Is the exploit linked to the Lazarus Group? Until now, the Humanity Protocol hack had raised suspicions that insiders might have been involved in the attack.
However, the new combination with the Kelp DAO exploit’s laundering trail points to a shared external threat actor or closely related cybercriminal network.
Since the funds were associated with North Korea, the plaintiff argued, they were entitled to confiscate any funds belonging to North Korean-affiliated organizations as part of the money owed in unpaid judgments.
Plaintiffs currently own over $877 million in unpaid judgments against North Korea from U.S. courts.
The continuing risk in DeFi This commingling occurs at a time when MEV bots are also growing in power in on-chain markets.
While these automated systems have now made the market more efficient, the Jaredfromsubway.eth incident shows how skilled attackers can still manipulate even highly specialized trading infrastructure.
Together, these attacks highlight the rising security threats DeFi faces. While all this happens, ETH’s price also fell to an intraday low of $1,581.76 amid the wider market decline.
Final Summary Stolen funds from both Kelp DAO and the Humanity Protocol exploit have been reported to have been commingled. As of the last update, over $8 million of the stolen money has been laundered by the Humanity Protocol attacker.
Bitcoin briefly dipped below $60,000 during the final week of June before buyers stepped in, capping a turbulent seven days driven almost entirely by macroeconomic forces rather than anything crypto-native. As of the latest data, Bitcoin trades at $59,873, Ethereum at $1,564, XRP at $1.04, and Solana at $70.37.
What Drove the Selloff
Expectations of higher interest rates for longer, a stronger US dollar, continued ETF outflows, and broad deleveraging across derivatives markets combined to push the market lower. More than $1 billion in long liquidations amplified the move, a reminder of how leverage continues to magnify short-term price action.
Where Each Asset Landed
Bitcoin’s decline found buyers at levels historically associated with long-term accumulation zones, which Avinash Shekhar, Co-founder and CEO of Pi42, described as the more significant signal from the week. “What stands out is not the decline itself but where it found support,” he said in an interview with Coinpedia.
Ethereum underperformed the broader market, sliding 9.84% on the week to $1,564. XRP showed relative resilience, losing less ground than most major altcoins and ending the week at $1.04, supported by sustained institutional interest tied to spot ETF product growth. Solana held up comparatively well at $70.37, reflecting continued confidence in its ecosystem’s development activity. Dogecoin dropped but remained reactive, ending down 11.97% on the week at $0.073, consistent with its history of quick responses to sentiment shifts.
Capital Is Becoming Selective
Shekhar identified a broader structural shift in how money is moving through the market. “Capital is becoming increasingly selective,” he said. “Rather than moving uniformly across the market, investors are differentiating between assets based on liquidity, institutional participation and ecosystem fundamentals. This marks a notable shift from previous market cycles, where momentum alone often drove broad-based rallies.”
Bitcoin ETFs recorded $1.79 billion in weekly outflows, the second-largest weekly sell-off since their launch. Combined unrealised losses for Michael Saylor and Tom Lee reached $24.5 billion during the week, according to on-chain tracking.
What Comes Next
Shekhar said the next directional move for digital assets will likely be determined by institutional flow data, macroeconomic readings, and monetary policy signals. A recovery in ETF inflows, easing inflation, and improved global liquidity conditions could lay the foundation for renewed momentum. Until those conditions change, he expects markets to remain range-bound with heightened sensitivity to economic data.
“The broader picture, however, remains constructive,” Shekhar said. “Institutional adoption, blockchain infrastructure development and real-world use cases continue to expand despite near-term volatility. Periods of consolidation are increasingly becoming opportunities for stronger fundamentals to emerge.”
Story Ends Here
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Bitcoin briefly dipped below $60,000 over the weekend, logging a roughly 7% decline in the past week. As the second quarter draws to a close, Bitcoin is on track to post a roughly 12% quarterly drop, following a 22% fall in the first quarter, which would mark a rare back-to-back quarterly loss in its history. Meanwhile, altcoins have generally seen steeper declines than Bitcoin: Ethereum fell around 9.5% in the past week, Dogecoin dropped 11.7%, HYPE slipped 10.6%, XRP declined 8.7%, Solana fell 3.5%, and TRON saw a roughly 1.5% drop. Analysts attribute the market’s ongoing pressure to multiple factors, including sustained capital flows into AI-driven semiconductor and memory chip sectors, persistent outflows from U.S. spot Bitcoin ETFs, the Federal Reserve’s hawkish stance, and the U.S. Dollar Index staying at high levels. The market will watch closely for ETF capital flows and demand improvements in the third quarter to judge whether the crypto market can shake off its weak performance in the first half of the year.
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Bank of America: There are three key thresholds for US stocks to trigger a full-scale risk-off move this summer; none of the conditions have been triggered yet, but relevant signals are accumulating.
Bank of America Securities chief strategist Hartnett outlined three triggers for a "full risk-off" environment this summer in his latest Fund Flow Report: Mag7 ETF falling below $60, USD/JPY dropping below 110, and the yield curve inverting again. None of these conditions have been met yet, but signals are building. U.S. equity funds have posted a net outflow of $8.5 billion, the first such outflow since March, following a historic $119.2 billion net inflow. The divergence where hyperscale cloud providers continue to underperform chip stocks has put the sustainability of AI capital expenditure at the center of market debate: Apple’s MacBook price hikes and Microsoft’s Xbox price increases are both directly tied to rising memory costs. Vera Rubin rack memory prices have surged 435% cumulatively, and Goldman Sachs projects AI capital expenditure could reach as high as $1.4 trillion by 2027. Hartnett’s core ongoing question is: How much further do cloud providers need to fall before the market begins pricing in capital expenditure cuts? U.S. equity funds have already shifted ahead of time; liquidity flowing out of tech giants is pouring into cyclical assets like semiconductors, small-caps, housing, and REITs, a move the market interprets as a front-run bet on policy shifting toward "affordability." At the asset class level, Hartnett believes gold still holds strong allocation value below $4,000, and going long on long-dated U.S. Treasuries is the most contrarian long-term trade right now. The U.S. dollar is only suitable for short-term holding rather than long-term allocation, and his strategic view is to go long on emerging markets over the long term. Since Fed Chair Waller took office on May 22, U.S. Treasuries have risen 3.2% cumulatively, while stocks have fallen 1.6%, with bonds significantly outperforming.
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Crypto KOL Ansem has continued pumping his eponymous meme coin, with ANSEM’s market cap briefly surging past $78 million.
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Ethereum has shown signs of recovery from recent lows, sparking a debate among analysts about whether this move signals a sustained upward trend or merely a temporary bounce ahead of another downturn. The split comes as the crypto market remains sensitive to technical signals and broader sentiment shifts.
Ethereum price recovers, cautious sentiment remainsAt the time of reporting, ETH is trading at $1,580.68, registering a 1.95% gain over the past 24 hours. Its daily trading volume stands at $19.35 billion, while the market capitalization has reached $190.76 billion—accounting for 9.17% of the total cryptocurrency market. As the largest blockchain for smart contracts and decentralized apps, Ethereum continues to be a central player in the digital asset ecosystem.
More Crypto Online, in a post on X (formerly Twitter), highlighted that Ethereum established a new low on Friday, suggesting a possible end to the third wave of its correction. The analyst argued that the current rebound could represent a fourth wave often seen before a fresh downturn. While some short-term improvement is evident, several experts remain skeptical about a major bullish reversal at this stage.
More Crypto Online emphasized that the recent rebound does not necessarily mark the end of Ethereum’s primary downward trend and currently appears to be a corrective move rather than a definitive turnaround.
According to this scenario, the first key resistance zone lies between $1,605 and $1,668. If buyers manage to push ETH above this range, the next targets are $1,823 and then $2,224. Nonetheless, many analysts view the current price movement as a technical correction rather than the onset of a strong rally.
Buyers step in on short-term structureOn the other hand, analysts using the Smart Money Concepts framework are painting a more constructive picture in the short term. They note that Ethereum dipped briefly below previous lows before bouncing sharply from the $1,670 to $1,690 demand zone. This price action is considered a “liquidity sweep” where selling pressure is absorbed and buyers regain control.
Glossary: The Smart Money Concepts approach is a technical analysis method that focuses on liquidity zones, supply-demand areas, and market structure, aiming to track activity from major market players.
Following the recent bounce, Ethereum has established a pattern of higher lows. Analysts suggest that if ETH can break through the $1,735 to $1,755 resistance zone, it would strengthen the bullish outlook. Short-term targets then become $1,750 and $1,800, with the primary target area seen between $1,830 and $1,850.
Support zone could be decisive for directionThe same analysis indicates that a previous long trade captured a move from $1,700 to $1,778—roughly an 780-point swing. However, the price has since pulled back and is now revisiting the $1,680 to $1,690 demand zone. Market watchers are closely monitoring whether this area will attract renewed buying interest in the near term.
If demand persists in this region, Ethereum could regain upward momentum, targeting the $1,830 to $1,850 band. Conversely, failure to surpass nearby resistance or a breakdown below key support could leave the recent rally as only a temporary reaction.
Ethereum’s price direction is significant not just for its own valuation, but for overall market sentiment. As the second-largest cryptocurrency by market cap, its performance has an outsized impact on the decentralized finance ecosystem, altcoins, and broader risk appetite across crypto markets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A prominent Ethereum MEV bot reportedly lost between $7.5 million and $15 million in a counter-MEV exploit. The attacker allegedly used fake token contracts to bait approvals and drain assets. The incident highlights approval hygiene risks for automated on-chain trading systems. Security Alert: The MEV bot JaredfromSubway.eth was exploited.
— BlockSec (@BlockSecTeam) June 26, 2026
Approval Hygiene And Automated On-Chain Agents: Why This Story Matters Top Ethereum MEV Bot JaredfromSubway.eth Drained of Up to $15M in Counter-MEV Honeypot Exploit has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.
The key point is not simply that jaredfromSubway.eth suffered losses estimated between $7.5 million and $15 million. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.
The Main Details According to the official source material, JaredfromSubway.eth suffered losses estimated between $7.5 million and $15 million. The report also notes that the exploit used fake token contracts and approval mechanics against the bot.
That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not provide a step-by-step exploit replication guide.
Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.
That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate Ethereum, MEV, Security, Exploit, BlockSec over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.
What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.
Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.
This report is based on information from BlockSec.
This article was written by the News Desk and edited by Samuel Rae.
BitMine and BMNP Stocks Have Been in a Steep Sell-OffThe recently launched BitMine Immersion 9.5% Series A Perpetual Preferred Stock (BMNP) has dropped in the last 12 consecutive days. It ended the week at $81, down from record high of $92.97.
Investors have dumped these securities amid concerns that the parent companies may be forced to further dilute existing shareholders or sell portions of their cryptocurrency holdings to fund dividend payments.
BitMine is in a better position than Strategy. For one, it has already bought 5.6 million ETH coins and has about 400k coins to buy. If the trend continues, it will complete its acquisition in the next few months.
BitMine is also making money from its Ethereum holdings through staking program, which is earning about 3% in annual return.
Ethereum Price is at Risk of Further DownsideLee’s justification for Ethereum holdings is also facing challenges as its fundamentals deteriorate. Recent data shows that its network fees have plunged to just $90 million this year from the $523 million it made last year.
Its total value locked in the decentralized finance industry has plunged by over 60% from its peak last year, while the amount of tokenized assets has fallen by over 5% in the last 30 days. Demand for ETH ETFs has also waned, with outflows rising to over $1 billion this year.
Technicals also suggest that ETH price may drop further in the near term. It has remained below the 50-day moving average and formed an inverted cup-and-handle pattern. These technicals suggest that it may drop to as low as $1,000 in the near term, affecting BitMine’s holdings.
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Analysis: Weak demand from U.S. institutions may keep Bitcoin under pressure and range-bound in the short term.
Bitfire Group stated in its latest market commentary that Bitcoin’s negative premium on Coinbase has continued to widen, signaling persistent weakness in U.S. institutional buying. Meanwhile, Strategy’s income preferred stock (ticker: STRC) briefly dipped below $84. Though there is no immediate liquidation risk, market concerns over whether the firm will need to sell Bitcoin continue to weigh on sentiment. From a technical perspective, Bitcoin remains trading below its 20-day and 50-day moving averages, with short-term MAs in a bearish alignment. The daily RSI stands at around 40—weak but not yet in oversold territory. The overall Bollinger Bands are sloping downward, with the middle band acting as strong resistance. Bitfire Group believes that with a lack of sustained bullish momentum and bears still holding the upper hand, Bitcoin will likely continue fluctuating below resistance levels in the short term, further testing actual buying demand on the downside. Key resistance levels are at $64,650, $66,900, and $69,800, while the main support level is at $63,500.
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Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of money laundering through illegal cryptocurrency mining.
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US-Iran conflict escalates for three consecutive days: Iran targets US military base in Kuwait with missiles and drones, Trump warns "Iran will cease to exist"
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Whale "sat0shi777" is trapped in both long and short positions simultaneously, with total unrealized losses exceeding $3 million on a combined position worth $102 million.
According to EmberCN’s monitoring, on-chain whale address "sat0shi777" recently executed a rare operation of being trapped in both long and short positions simultaneously. On June 24, the whale opened a long position of 468 BTC at an average price of $62,729, with a position size of approximately $29.38 million. Shortly after, Bitcoin fell below $60,000, and the long position currently has an unrealized loss of around $1.86 million. Yesterday morning, amid a downtrend, the whale added to a short position of 47,500 ETH at an average price of $1,536, with a position size of roughly $72.94 million. However, ETH did not continue to decline afterward, and the short position currently shows an unrealized loss of about $1.23 million. The combined market value of the two positions is approximately $102.32 million, with a total unrealized loss of over $3.09 million, leaving the whale in the red on both long and short sides.
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A new crypto address has increased its holdings by 1,350 BTC, valued at approximately $81.87 million.
According to Lookonchain’s monitoring, a newly created wallet address bc1q4m has withdrawn 1,350 BTC from Binance, worth approximately $81.87 million at current prices.
Analysis: Weak demand from U.S. institutions may keep Bitcoin under pressure and range-bound in the short term.
Bitfire Group stated in its latest market commentary that Bitcoin’s negative premium on Coinbase has continued to widen, signaling persistent weakness in U.S. institutional buying. Meanwhile, Strategy’s income preferred stock (ticker: STRC) briefly dipped below $84. Though there is no immediate liquidation risk, market concerns over whether the firm will need to sell Bitcoin continue to weigh on sentiment. From a technical perspective, Bitcoin remains trading below its 20-day and 50-day moving averages, with short-term MAs in a bearish alignment. The daily RSI stands at around 40—weak but not yet in oversold territory. The overall Bollinger Bands are sloping downward, with the middle band acting as strong resistance. Bitfire Group believes that with a lack of sustained bullish momentum and bears still holding the upper hand, Bitcoin will likely continue fluctuating below resistance levels in the short term, further testing actual buying demand on the downside. Key resistance levels are at $64,650, $66,900, and $69,800, while the main support level is at $63,500.
1 seconds ago
Chinese crypto figure Ma Ji sold 34 Bored Ape Yacht Club (BAYC) NFTs recently to cover his positions, netting 326 ETH from the sale and incurring a loss of 399 ETH.
According to Lookonchain monitoring, renowned NFT collector Machi Big Brother recently allegedly sold Bored Ape Yacht Club (BAYC) NFTs to fund his long ETH position on Hyperliquid. Data shows that over the past month, Machi has sold a total of 34 BAYC NFTs, raising 326 ETH (approximately $514,000), but incurring a total loss of 399 ETH (about $631,000). Bored Ape #6057 was his most loss-making transaction: the NFT was purchased four years ago for 76.84 ETH, and recently sold for only 7.65 ETH, representing a roughly 90% loss. Meanwhile, Machi’s long ETH position on Hyperliquid has been liquidated multiple times recently. Lookonchain noted that he was liquidated again approximately 3 hours ago, leaving his account balance at around $81,000.
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Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of money laundering through illegal cryptocurrency mining.
Thailand’s Department of Special Investigation (DSI) has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of belonging to a criminal organization that allegedly uses illegal cryptocurrency mining to launder proceeds from fraud and online gambling. Wang, a former leader of the Thai-China Trade Association, is identified as a core figure in the involved Chinese investor group. Reuters’ 2023 investigative report, which centered on Wang, revealed that a U.S. blockchain analytics firm found fraud-related cryptocurrency wallets had sent millions of dollars to accounts under Wang’s name, while he actively cultivated ties with top Thai political and law enforcement officials at the time. A DSI spokesperson stated Wang was charged last November with theft and violations of the Computer Crime Act, adding that he is believed to have fled Thailand, and authorities are tracking his whereabouts in cooperation with international partners. Separately, Thai authorities have also issued arrest warrants for four unnamed Chinese nationals and four unnamed Myanmar nationals.
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US-Iran conflict escalates for three consecutive days: Iran targets US military base in Kuwait with missiles and drones, Trump warns "Iran will cease to exist"
According to CNN, the situation has reversed sharply after the U.S.-Iran ceasefire deal took effect, with military clashes breaking out for three consecutive days between the two sides, multiple Gulf countries drawn into the conflict, and the Strait of Hormuz facing renewed severe threats to navigation. In the latest development, Iran's Islamic Revolutionary Guard Corps (IRGC) claimed to have struck U.S. military facilities in Kuwait and Bahrain with missiles and drones in retaliation for earlier U.S. airstrikes. Kuwaiti military confirmed its air defense systems are intercepting incoming targets, while Bahrain's Interior Ministry issued an alert urging residents to head to the nearest safe locations immediately. For the U.S. military, U.S. Central Command announced multiple rounds of strikes on Iran's missile and drone storage facilities, military surveillance infrastructure, communication systems, air defense positions and mine-laying capabilities, citing Iran's "continuous attacks on merchant ships". Trump immediately issued the sternest warning on social media, saying that if Iran does not stop the attacks, the U.S. military will be forced to "complete the tasks already initiated by military means", and that "the Islamic Republic of Iran will cease to exist". Iran responded firmly, with the IRGC stating that the U.S. airstrikes violated the ceasefire deal and "will lead to a complete halt of all diplomatic processes". Meanwhile, the Israeli military launched a drone attack in southern Lebanon just one day after a framework agreement was reached between Israel and Lebanon, further complicating the regional situation. The preliminary agreement signed by the U.S. and Iran this month aimed at restoring navigation in the Strait of Hormuz is facing the risk of complete collapse amid the continuous clashes, and market concerns over oil prices, safe-haven assets and global energy supplies are rising sharply.
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Whale "sat0shi777" is trapped in both long and short positions simultaneously, with total unrealized losses exceeding $3 million on a combined position worth $102 million.
According to EmberCN’s monitoring, on-chain whale address "sat0shi777" recently executed a rare operation of being trapped in both long and short positions simultaneously. On June 24, the whale opened a long position of 468 BTC at an average price of $62,729, with a position size of approximately $29.38 million. Shortly after, Bitcoin fell below $60,000, and the long position currently has an unrealized loss of around $1.86 million. Yesterday morning, amid a downtrend, the whale added to a short position of 47,500 ETH at an average price of $1,536, with a position size of roughly $72.94 million. However, ETH did not continue to decline afterward, and the short position currently shows an unrealized loss of about $1.23 million. The combined market value of the two positions is approximately $102.32 million, with a total unrealized loss of over $3.09 million, leaving the whale in the red on both long and short sides.
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A new crypto address has increased its holdings by 1,350 BTC, valued at approximately $81.87 million.
According to Lookonchain’s monitoring, a newly created wallet address bc1q4m has withdrawn 1,350 BTC from Binance, worth approximately $81.87 million at current prices.
Key Takeaways Ethereum has declined 23.5% in the past month, currently trading near $1,557 Large ETH holder groups are experiencing unrealized losses for the first time in five years Ethereum ETF products are approaching their seventh consecutive week of capital withdrawals A protocol developer highlights potential funding shortfall of approximately $30M annually in coming months Critical price levels: support zone at $1,500–$1,510; overhead resistance begins at $1,710 The world’s second-largest cryptocurrency has faced relentless downward pressure during June, sliding from levels above $2,000 to approximately $1,557 by June 26. This represents a monthly decline of 23.5%, with an additional 6.7% drawdown occurring over the past seven days alone.
Ethereum (ETH) Price In a symbolic shift, Tether’s total market capitalization has now surpassed Ethereum’s for the first time in history — $186.06 billion compared to $185.66 billion — underscoring ETH’s recent underperformance in the broader cryptocurrency ecosystem.
Market analyst Ted Pillows commented via social media that Ethereum “tapped the lows again” and observed that “momentum is still weak due to broader market correction.” He suggested that if ETH can successfully reclaim the $1,750 threshold, a potential relief bounce could materialize in the following month.
$ETH tapped the lows again.
The momentum is still weak due to broader market correction.
But if Ethereum manages to reclaim the $1,750 level from here, we could see a relief rally next month. pic.twitter.com/xuePKd79Le
— Ted (@TedPillows) June 26, 2026
Technical analysis of the daily timeframe reveals that ETH violated an ascending trendline established in February. Following this breakdown, the asset experienced rapid declines through the $1,900, $1,800, and ultimately into the $1,550 region.
Major Holder Groups Recording Rare Loss Scenario Data from CryptoQuant indicates that all significant Ethereum whale categories — including addresses controlling more than 100,000 ETH — are currently experiencing unrealized losses. This phenomenon has occurred only once previously, during 2019, which ultimately marked a long-term price floor for the cryptocurrency.
🚨 #Ethereum whales are underwater for the first time since 2019.
The chart shows all major whale cohorts sitting at unrealized losses—a rare event that has historically aligned with macro bottom zones.
Historically, capitulation among large holders has coincided with market bottoms rather than signaling further deterioration. While smaller whale categories have periodically entered loss territory, the participation of the largest stakeholders in this condition represents an exceptional occurrence.
The Estimated Leverage Ratio (ELR) metric has simultaneously contracted from 1.11 to 0.85 throughout the past three weeks. This movement indicates substantial closure or liquidation of leveraged trading positions, potentially alleviating additional downside risk.
Exchange-Traded Fund Withdrawals and Development Financing Concerns Ethereum spot ETF products are tracking toward seven straight weeks of net capital outflows, with the current period positioned to register the most significant withdrawals since January, based on SoSoValue analytics.
Trent Van Epps, Protocol Guild coordinator who recently departed the Ethereum Foundation following a five-year tenure, has issued a cautionary statement regarding core development financing challenges. He calculates that Ethereum’s essential development operations require approximately $30 million annually, an amount the Ethereum Foundation’s reserves may struggle to consistently provide.
Van Epps noted that Protocol Guild has allocated nearly $40 million to developers across four years, but emphasized this remains insufficient. He anticipates new institutional participants will need to emerge within the coming months to address the gap.
Primary technical levels to monitor: downside support positioned at $1,510 and the psychologically significant $1,500 level; upside resistance located at $1,710 and $1,774. The MACD indicator has returned to negative territory, with the signal line currently registering -78.35.
Amid the ongoing crypto weakness, Ethereum [ETH] remains underwater, down 20%-45% YTD. Despite this drawdown, the leading altcoin continues to draw institutional interest.
SharpLink resumed purchases after eight months, adding 5,000 ETH, worth roughly $7.88 million at an average price of $1,576, through FalconX.
Moments later, the crypto treasury reinforced the inflow with another 26.324K LSETH worth $45.54 million. These purchases pushed Sharplink’s total holdings to 876,285 ETH, including 22,102 staked tokens.
Source: Arkham Although the treasury holds nearly $1.71 billion in unrealized losses, accumulation suggests conviction in Ethereum’s long-term utility and staking income.
If broader institutions continue absorbing weakness, selling pressure could gradually ease. However, sustained recovery still depends on renewed network demand and improving market sentiment.
Whales increase Ethereum exposure That institutional conviction is no longer limited to corporate treasuries. Instead, whale wallets are beginning to mirror the same accumulation pattern despite lingering market uncertainty.
In the last nine days, a newly created wallet accumulated 18,361 ETH worth $28.9 million, alongside 152,986 Hyperliquid [HYPE] worth $9.73 million through FalconX.
Source: Arkham The consistent buildup of assets by this whale indicates that these larger whales are creating exposures for future price swings instead of trying to react to each day’s price movement.
At the same time, BlackRock moved 2,700 Bitcoin [BTC] and 41,996 ETH to Coinbase, totaling $226 million. These moves are usually related to either ETFs settling transactions, adjusting custodial services, or managing liquidity.
Source: Arkham However, they do not directly represent a sale. Whether whales continue to accumulate Ethereum or institutions become active will be key to determining the long-term outlook of Ethereum.
All in all, whale accumulation and institutional activity suggest confidence is gradually rebuilding, even as broader market demand still needs to strengthen.
ETF outflows cap Ethereum’s recovery Yet that rebuilding confidence has not translated into broader institutional demand. According to SosoValue data, Spot ETFs have experienced heavy outflow, recording a $12.85 million net withdrawal on June 26th.
Earlier inflows of $22.50 million and $9.59 million briefly suggested sentiment was stabilizing before sellers regained control. This divergence indicates that direct treasury buyers and ETF investors are responding to different market conditions.
This divergence by treasuries and ETF investors reflects differing market conditions. Although the huge amount of capital withdrawn from these accounts has resulted in cumulative net inflows being a high $10.90 billion.
Meanwhile, ETF issuers still hold over $8.38 billion, representing 4.42% of Ethereum’s market value, with a daily trading volume of $491.73 million, suggesting that institutions will continue to realign positions rather than abandon ETH entirely.
Final Summary Ethereum [ETH] treasury and whale buying continue despite weak prices, reinforcing long-term institutional conviction. Ethereum recovery still requires stronger ETF inflows to offset persistent institutional outflows.
Key Highlights An Ethereum wallet associated with Vitalik Buterin sent 7,000 ETH valued at $11.06 million to a fresh address This transaction followed approximately twelve months of wallet dormancy Blockchain intelligence suggests the transfer could precede a centralized exchange deposit This address had earlier transferred 1,300 ETH ($3.19 million) that subsequently landed on Paxos The originating wallet maintains a balance of 20,001 ETH, currently valued near $31.6 million On June 27, blockchain observers detected significant activity from wallet address 0xD04, which has connections to Ethereum co-founder Vitalik Buterin. The address initiated a transfer of 7,000 ETH to a previously unused wallet, representing approximately $11.06 million at prevailing market rates.
Blockchain surveillance platform Onchain Lens identified and reported the transaction. Notably, this wallet had remained inactive for nearly a full year prior to executing this significant transfer.
Experts analyzing blockchain data indicate the transferred assets will likely find their way to a centralized exchange platform, drawing this conclusion from the wallet’s established transaction patterns.
This recent activity isn’t unprecedented for this particular address. In a prior transaction, the wallet moved 1,300 ETH valued at roughly $3.19 million. Those digital assets ultimately were deposited with Paxos, a compliance-focused cryptocurrency infrastructure provider.
Historical Transaction Patterns Suggest Exchange Destination The consistent activity pattern exhibited by this wallet has prompted on-chain intelligence analysts to forecast that a centralized exchange deposit represents the probable destination for the recently transferred ETH.
Onchain Lens specializes in surveillance of prominent and publicly-identified cryptocurrency addresses for transactional movements. The platform detected and reported this transfer within moments of its confirmation on Ethereum’s distributed ledger.
As of publication, the receiving wallet had not initiated any outbound transactions with the transferred funds. Market participants and blockchain analysts continue monitoring the address for subsequent activity.
Following this substantial outflow, the 0xD04 wallet continues to hold 20,001 ETH, representing a dollar value of roughly $31.6 million. This indicates that the majority of the address’s digital asset holdings remain unaffected.
At the moment of transfer execution, Ethereum was changing hands at approximately $1,583, reflecting a modest 2% increase over the preceding 24-hour period.
Implications for Ethereum Market Observers Substantial cryptocurrency movements from prominent wallets consistently generate discussion within digital asset markets. Market participants frequently monitor transfers from influential addresses as potential indicators of distribution or selling pressure.
Nevertheless, relocating funds to a different wallet doesn’t necessarily confirm liquidation intent. Asset transfers may serve various purposes including enhanced security protocols, custodial reorganization, or administrative requirements without any disposition plans.
Vitalik Buterin has maintained public transparency regarding his ETH holdings and has executed numerous transactions throughout the years for philanthropic contributions and various other objectives.
Ethereum’s transparent blockchain architecture ensures that any transaction originating from addresses connected to prominent individuals becomes instantly observable to the broader public.
Blockchain analytics platforms such as Onchain Lens have democratized access to real-time wallet monitoring capabilities for the general public.
This 0xD04 address transaction represents another demonstration of how distributed ledger transparency provides market observers with immediate insight into the behavior of significant token holders.
Neither Vitalik Buterin nor any authorized representatives have issued public commentary explaining the rationale behind this particular transfer.
At the time of article publication, the receiving wallet had not forwarded the transferred assets to any cryptocurrency exchange platform.
Spot Bitcoin and Ethereum ETFs just posted their seventh straight day of net outflows. For an asset class that was supposed to open the floodgates for institutional capital, the persistence of the bleed is starting to raise uncomfortable questions. On June 26, Bitcoin ETFs shed $445 million and Ethereum counterparts lost $12.848 million, according to the original report from WuBlockchain citing SoSoValue data.
The weeklong run of redemptions strips away the gloss from the spot ETF narrative. Both products had been pitched as passive entry ramps for cautious institutions. Instead, the flow data suggests a market that is either taking profits or quietly repositioning ahead of potential headwinds. The Bitcoin figure dwarfs Ethereum’s, but the direction is the same—and the cumulative signal matters more than the daily size.
Investors Pull Back as Uncertainty Builds Seven days of outflows is not a blip. It reflects a shift in the behavior of the money that moves these products. ETF creation and redemption activity is driven by authorized participants and large traders, not retail nibbling. When that cohort steps back, it usually means the arbitrage or directional case has weakened. The timing aligns with a period when the broader macro backdrop is offering fewer easy cues, and the crypto-specific catalysts have turned thin.
What’s notable is that the outflows hit Bitcoin far harder than Ethereum. The gap—$445 million versus under $13 million—tells its own story. Bitcoin ETFs have deeper liquidity and a more mature institutional base, so they act as the fastest exit valve. Ethereum ETFs, still building their audience, are less responsive. But the steady Ethereum drain, even if small, suggests that the sentiment is not asset-specific. It’s a sector-wide cooling.
Parallel market signals reinforce the caution. The broader tokenization market attracted heavy institutional attention in the same period, with real-world asset deals moving billions. That contrast—outflows from pure crypto ETFs while tokenized traditional assets gain traction—hints at a rotation rather than a broad retreat. Institutions haven’t abandoned digital assets; they’re just repricing where and how they want exposure.
Regulatory Noise and a Bifurcated Market Another factor weighing on ETF demand is the mess in Washington. A high-stakes legislative battle is unfolding just days before a Senate vote on landmark crypto legislation. Banks are pushing for last-minute changes that could reshape how digital assets are regulated. For ETF investors who rely on clear rules of the road, the sight of eleventh-hour political maneuvering is not a buy signal. It adds a layer of binary risk that professional desks tend to discount by reducing exposure until the outcome is known.
Meanwhile, the altcoin market is ignoring the ETF gloom. Some altcoins logged triple-digit weekly gains, driven by project-specific catalysts and fresh liquidity flowing outside the ETF wrapper. That divergence shows the limits of reading broad market health from ETF flows alone. The spot products capture institutional sentiment, but a large part of the market still operates on different time horizons and risk appetites.
What Comes Next The immediate question is whether the outflows accelerate or stabilize. Historically, ETF flow streaks tend to cluster because redemption activity is often programmatic—if a key arbitrage spread closes or a risk limit is breached, the selling can feed on itself for days. The hope is that this is a tactical unwind rather than a structural exodus. But the longer the streak extends, the more it colors the narrative around institutional demand.
Market participants will now watch two things. First, whether Ethereum ETF flows start to catch up with Bitcoin’s, which would confirm a broad-based withdrawal. Second, whether any regulatory clarity or macro shift interrupts the pattern. Until then, the spot ETFs are telling a story that no one in the crypto market wanted to hear: the easiest institutional money might already be leaving.
AUTHOR
Peter Mwangi is an accomplished crypto news writer with over three years of experience. He is recognized for producing insightful, well-researched content across major crypto publications. As an expert in blockchain technology, digital assets, and decentralized finance, he can uniquely simplify complex topics into engaging, accessible narratives. His strong storytelling and analytical skills, combined with a passion for continuous learning and collaboration, make him a valuable asset to the BlockchainReporter team.
An Ethereum wallet identified as 0xD04, allegedly connected to Ethereum co-founder Vitalik Buterin, made a notable transaction on June 27. This wallet transferred 7,000 ETH—valued at roughly $11.06 million at the time—to a previously unused address. The sizable move caught the attention of the crypto community, which closely follows any activity linked to major Ethereum stakeholders.
Wallet activity resumes after a yearThe blockchain analytics platform Onchain Lens detected the transaction moments after it was confirmed on the Ethereum network. According to Onchain Lens, the wallet in question had shown no significant activity for nearly 12 months prior to this transfer. As one of Ethereum’s founding figures, Vitalik Buterin’s on-chain movements continue to be of keen interest to both investors and analysts in the crypto space.
Onchain Lens reported that the address linked to Vitalik Buterin moved 7,000 ETH to a new wallet following a full year without notable activity, suggesting—based on similar past transactions—that the assets might ultimately end up on a centralized platform.
Analysts monitoring blockchain data believe the transfer could eventually lead to a deposit on a major exchange. This assessment comes from previous transaction patterns observed with this wallet address. However, as of the time of reporting, there has been no further movement from the newly funded wallet.
Past transactions show a similar patternPreviously, the same wallet transferred 1,300 ETH, which ultimately arrived at Paxos. Paxos is a well-known fintech company providing regulated digital asset custody, transfer, and stablecoin infrastructure.
Glossary: Paxos is a regulated financial technology company specializing in crypto asset custody, transfer, and stablecoin infrastructure. Its name frequently appears in on-chain flows directed toward centralized exchanges or institutional service providers.
This prior example has reinforced expectations that the latest 7,000 ETH transfer might follow a similar trajectory. Still, a movement between wallets alone does not necessarily signal an intent to sell. Large transfers can be made for reasons ranging from enhanced security to custodial or administrative requirements.
TransactionAmountApproximate valueStatusLatest transfer7,000 ETH$11.06 millionSent to a new walletPrevious transfer1,300 ETH$3.19 millionLater reached PaxosRemaining balance20,001 ETH$31.6 millionHeld in walletMarket closely watches the new addressFollowing this transaction, the 0xD04 wallet retained a balance of 20,001 ETH, with an estimated value of $31.6 million. In other words, a substantial portion of the assets tied to this address remains unmoved.
No outgoing transactions have been initiated from the new wallet, leaving the purpose of the transfer—whether for a sale, restructuring, or security—unclear at this stage.
During the transfer, the price of Ethereum hovered near $1,583, up about 2% over the previous 24 hours. While major moves by large wallets attract significant market attention, on-chain data alone is not always enough to reveal the underlying intention.
Neither Vitalik Buterin nor his representatives have provided public comments explaining the rationale behind the transfer. Blockchain analysts and market participants continue to monitor the recipient wallet’s next steps for clues regarding future actions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Ethereum is currently trading at around $1,579.52 following a modest 24-hour recovery. Despite the short-term uptick, technical indicators show persistent downward pressure. The price remains below several key thresholds, making analysts cautious about the near-term outlook. Failure to reclaim these critical levels signals continued market uncertainty for the world’s second-largest cryptocurrency.
Key resistance and short-term outlookAnalyst Ted Pillows notes that Ethereum has revisited its recent lows and momentum continues to be subdued. According to Pillows, the $1,750 level stands out as a primary resistance area. If Ethereum can break above and hold this zone, a relief rally toward the $1,980 to $2,000 range could develop. The next significant supply region is observed near $2,079, representing a further challenge for bullish traders.
Ted Pillows believes that reclaiming $1,750 as support could pave the way for Ethereum to recover toward the $1,980 to $2,000 band.
Conversely, if Ethereum fails to surpass $1,750, any upward movements may remain short-lived. In this scenario, the price could slide back to test $1,560, and if weakness continues, a further pullback to $1,500 or even $1,370 may occur.
Volume zone as a decision pointAli Charts, a well-known crypto analyst, highlights that Ethereum has been trading within a significant volume block between $1,584 and $1,683. Within this range, roughly 4 million ETH have changed hands, making it a major decision zone for the market’s next direction. Ali Charts, who is renowned for his on-chain and market-based analyses, emphasizes the importance of this price band.
If Ethereum manages to hold this volume zone as support, renewed upside potential could target the $1,980 and $2,079 marks. However, a dip below $1,584 and failure to reclaim that level would suggest a weakening structure, raising the possibility of renewed pressure toward the $1,500 and $1,370 support regions.
Data from large investors indicates continued pressureAn assessment shared by analyst Darkfost reveals that the unrealized profit ratios of large Ethereum wallets have turned negative. This shift suggests that major investors are now in loss territory, creating market stress similar to capitulation scenarios seen in previous cycles, such as in 2019.
The transition of large holders into losses does not necessarily mean a bottom is imminent for Ethereum, but it does highlight a significant area of stress for the market.
Within this framework, the $1,584 to $1,500 range remains important in the short term. Should selling pressure intensify, the wider range between $1,370 and $1,070 could emerge as the next major buy zone. While some analysts like Cyclop see strong demand building in this band, others believe close attention is warranted around the $1,300 to $1,200 levels over the longer term.
Overall outlook remains cautiousFor now, the most decisive bullish signal for Ethereum would be holding the $1,584 to $1,683 support zone, followed by a successful retest of $1,750. Until these milestones are reached, any rebound is likely to be fragile. To the downside, the $1,500 and $1,370 levels are crucial, while the $1,980 to $2,000 region remains the main focus for any sustained upward move.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The same streak follows the Ethereum ETFs as mass withdrawals continue to dominate.
The spot exchange-traded funds tracking the two largest cryptocurrencies by market cap have continued their highly adverse streak, making it now seven consecutive weeks in the red.
The last five trading days were particularly painful as the spot BTC ETFs recorded their second-worst performance in terms of net flows since their inception two and a half years ago.
Spot BTC ETFs Bleed Hard CryptoPotato has repeatedly reported on the poor performance of the spot Bitcoin ETFs, but the two weeks before the one that ended on June 26 brought some glimmer of hope. Although both were still in the red, the actual withdrawals were more modest, $316 million and $227 million, respectively, down from the $1.72 billion during the first week of June.
However, investors stepped up on the withdrawal button hard once again, pulling out $1.79 billion in total from the funds. This made it the worst week in terms of net flows since late February 2025, when the number stood at $2.61 billion.
The cumulative total net inflows have dropped to $51.61 billion. Recall that the number stood at above $59.30 billion by the middle of May. This means that the ETFs have lost almost $8 billion in less than two months.
If we break the data down to daily net outflows, Thursday stands out as the most painful day with $696 million leaving the funds, followed by $469 million on Wednesday, $444.5 million on Friday, and a more modest $90.66 million on Monday and $68 million on Tuesday.
Spot Bitcoin ETFs Net Flows. Source: SoSoValue The continuous outflows from the ETFs are among the most evident reasons why the underlying asset’s price keeps struggling as it plunged to a new multi-year low of $58,000 a few days ago. Analysts are convinced that the flows have to stabilize before BTC has a chance of a more profound recovery.
You may also like: Bitcoin Didn’t Lose to Gold, the Rotation Story Is Wrong: Analyst Bitcoin Holds Key Price Floor Despite Weak Bullish Signals: Bitfinex Alpha Crypto Institutional Flows Turn Negative as $8B Exits in 30 Days ETH ETFs in Red, Too The landscape around the spot Ethereum ETFs is not that much different, just the scale is smaller. The funds have been in the red for seven consecutive weeks as well, and the net outflows from the past week were a lot higher than the previous two. More specifically, the ETFs bled $15 million during the second week of June and $10 million during the third. During the last one, though, investors took out $273.34 million.
The total net flows have dropped from $12.09 billion in mid-May to well under $11 billion as of Friday’s close. Tuesday and Thursday saw the most net withdrawals, with $82.35 million and $81.87 million, respectively.
22% And 17% Are The Magic NumbersA June survey by Pew Research Center shows that 22% of Republicans have invested, traded or used cryptocurrency, compared with 17% of Democrats.
This is compared to prior years when crypto ownership rates between the two groups were largely similar, CNBC reported on June 21.
Pew found Republican crypto adoption has climbed six percentage points since 2021, while Democratic participation has remained relatively unchanged.
Morning Consult data cited in the report showed the divide began emerging around mid-2023 and accelerated during the 2024 election cycle.
By Q2 of 2025, nearly 28% of Republicans had bought or sold crypto in the prior 12 months, compared with 17% of Democrats.
"It’s hard to de-couple the rise of GOP crypto adoption from the Trump family’s embrace of it," said Morning Consult analyst Eli Yokley.
"There’s no Obama coin," he added. "There are Trump coins and Melania coins."
Trump’s Crypto PivotThe shift coincides with President Trump’s transformation from crypto skeptic to one of the industry’s most visible advocates.
In 2019, Trump publicly criticized cryptocurrencies, calling them unregulated and linked to illicit activity.
His administration has also promoted policies aimed at making the U.S. the "crypto capital of the world," including efforts to expand banking access for digital asset firms.
Bigger Divide May Be GenderWhile politics has become a growing factor, experts argue gender remains the strongest predictor of crypto adoption.
Morning Consult data shows roughly 74% of crypto traders are men.
Among investors under age 45, men have traded cryptocurrencies at roughly double the rate of women over the past four years. Between 2022 and 2026, crypto participation among younger men ranged from 38% to 42%, compared with 13% to 16% for younger women.
Analysts attribute the gap to differences in risk tolerance and attitudes toward speculative investing in sports betting and prediction markets.
Image: Shutterstock
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A newly created wallet was reported as receiving 18,361 ETH, valued around $28.91 million in the supplied setup.The flow was linked to FalconX over a nine-day period in the supplied research pack.The setup remains market-analysis context. Do not state that this is guaranteed direct open-market buying; custody movement or broker balancing may be possible. https://x.com/EyeOnChain/status/2070701025640812635
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Large institutional-style eth movement into a newly created wallet On-Chain Data Shows Newly Created Wallet Accumulates More Than $28 Million in Ethereum is one of the market setups traders are watching as crypto attempts to stabilize after recent volatility. The signal is useful because it points to a clear market level, flow, or positioning theme that can be checked against live data.
This setup surfaced through the X/social discovery lane, which is used as an idea sensor only. It should not be treated as a source of record on its own. The relevant data still needs to be checked against market charts, derivatives dashboards, or on-chain records before readers draw conclusions.
What the available data shows A newly created wallet was reported as receiving 18,361 ETH, valued around $28.91 million in the supplied setup. The flow was linked to FalconX over a nine-day period in the supplied research pack.
That matters because crypto markets often move around concentrated liquidity zones, wallet flows, exchange positioning, and broader macro pressure before those signals become obvious in price. The strongest version of this setup is one where the highlighted level or flow continues to hold after live validation.
Why traders are watching this setup The setup gives traders a defined framework rather than a vague bullish or bearish view. For Ethereum, the key question is whether the current signal reflects durable positioning or a short-lived reaction inside a volatile range.
Market structure remains fragile. Bitcoin direction, liquidity conditions, derivatives positioning, and macro volatility can still override otherwise clean technical or on-chain setups. That is why the signal is best understood as a watchpoint, not a prediction.
Risk and invalidation context Do not state that this is guaranteed direct open-market buying; custody movement or broker balancing may be possible. Spot ETH was checked at $1,581.56 in the supplied market validation.
If the highlighted level fails, if the wallet flow turns out to be internal custody movement, or if derivatives positioning flips quickly, the interpretation should change. The article should therefore be read as a current market snapshot rather than a guarantee of future price action.
What to verify next The next step is external confirmation. For this setup, the validation path is: Trace destination address 0x6437F4b66f1Da888C3714405CA2A2897715CF565 on Etherscan or Arkham. Until that confirmation is reviewed, the setup should remain market-analysis context rather than a confirmed directional forecast.
Traders should also watch liquidity, volume, and daily close structure. Those factors will decide whether this signal becomes a durable theme or another short-lived reaction inside a volatile crypto session.
This report is based on publicly available market and on-chain data.
This article was written by the News Desk and edited by Samuel Rae.
U.S.-listed ETFs have seen inflows exceeding $1 trillion so far this year, with full-year inflows expected to surpass $2 trillion, hitting a new all-time high.
The Kobeissi Letter stated that the U.S. is experiencing an unprecedented ETF boom. Data shows that year-to-date 2026, U.S.-listed ETFs have attracted over $1 trillion in inflows, and at the current pace, they are on track to exceed $2 trillion by year-end, setting a new all-time high. If annual ETF inflows surpass $2 trillion, this will mark the fourth consecutive year of growth in annual ETF inflows, 33% higher than the 2025 record, an increase of roughly $500 billion. Meanwhile, 700 ETFs have launched so far this year, also on pace for an annual record. June alone saw 186 ETFs listed, the highest monthly issuance figure in history. The ETF industry is expanding at a record pace.
1 hours ago
Base releases post-mortem report on network outage: User funds remain safe, root cause is a vulnerability in sequencer block construction logic.
Base engineering team released a post-mortem report on the June 25 block production outage, noting that Base mainnet suffered two separate block production interruptions on June 25 and June 26. The first incident occurred at 11:47 ET on June 25, lasting 116 minutes; the second took place at 11:28 ET on June 26, lasting 20 minutes. Both events shared the same root cause. Chain integrity remained unharmed, and all funds on Base are secure. Block production resumed safely after the team mitigated the issues. The root cause was a bug in the sequencer’s block construction logic: after a transaction validation failure, expired log states were not cleared. An invalid transaction was received by the block builder and failed as expected, but the system incorrectly retained log states including accessed accounts and storage slots. A subsequent valid transaction was processed before the log states could be properly cleared, leading to a gas fee calculation mismatch and a sequencer block containing invalid state transitions. Other nodes rejected this block, causing the entire chain to halt. During the outage, Base could not produce new L2 blocks, sequencer and validator nodes could not advance past the invalid block, and new transactions could not be posted on-chain. The team fixed the interruptions by deploying a patch to the sequencer to ensure proper log state updates during execution. Base stated it will strengthen protocol fuzz testing and load testing tools to more easily identify adversarial transaction patterns that could expose similar vulnerabilities, and will continue to improve operational and monitoring capabilities.
1 hours ago
Analysis: Retail investors appear to be shifting funds from gold and Bitcoin to semiconductor stocks.
The Kobeissi Letter stated that retail investors appear to be shifting away from gold and Bitcoin toward semiconductor stocks. Data shows that since April, U.S. gold ETFs and Bitcoin ETFs have recorded a combined net outflow of $12 billion; over the same timeframe, U.S. semiconductor ETFs have pulled in a total of $20 billion in inflows. This trend accelerated in mid-May, with outflows from gold and Bitcoin funds surging more than threefold, while inflows into semiconductor ETFs doubled. On the price front, GLD, the largest U.S. gold ETF, has declined 13% since early April, while IBIT, the largest Bitcoin ETF, has fallen 12% over the same period. By contrast, semiconductor ETFs SOXX and SMH have gained 81% and 60% respectively. Retail investors are driving the market in an unprecedented manner.
1 hours ago
Bloomberg: Sell-off in chip stocks drags U.S. stocks to end lower this week, as AI valuation concerns weigh on market performance.
U.S. stocks closed lower this week, weighed down by the ongoing slump in chip stocks, Bloomberg reported. While a University of Michigan survey showed long-term inflation expectations came in below forecasts, easing some concerns about interest rate hikes, that failed to offset selling pressure in chip stocks. Steve Sosnick, chief strategist at Interactive Brokers, noted the S&P 500 briefly turned positive during the session before erasing gains quickly, mirroring multiple failed rebound attempts investors have seen this week. Worries over AI valuations have spread from Asian markets to U.S. trading. Two prominent Chinese hedge funds said AI stocks are in a bubble that could burst. Shares of Japan’s SoftBank Group fell after The New York Times reported OpenAI may delay its IPO until 2027. South Korea’s KOSPI index triggered a trading halt for the second time this week due to a sharp drop in chip stocks, later paring some of those losses. In the U.S., data from Bank of America showed investors pulled capital out of U.S. stocks for the first time in three months, with outflows hitting $8.5 billion. Cameron Dawson, chief investment officer at Newedge Wealth, said a key question is whether the market has the patience to wait for returns on investments from hyperscale cloud providers. Richard Reyle, chief investment officer at Questar Capital Partners, said he will not buy large-cap tech or AI stocks at current levels, as their dominance is weakening; the Magnificent Seven and Bitcoin peaked nine months ago and have yet to recover. Separately, crude oil prices extended declines as tanker traffic through the Strait of Hormuz remained steady. Brian Jacobsen, chief economic strategist at Annex Wealth Management, said the peak in energy prices is behind us, leaving room for headline inflation to cool, though price pressures have not fully vanished.
1 hours ago
SYRUP rose over 31% in 24 hours, currently trading at $0.155.
According to HTX market data, Maple Finance (SYRUP) has surged over 31% in the past 24 hours, currently trading at $0.155.
1 hours ago
ECB Executive Board Member: Further Interest Rate Hikes Expected
European Central Bank (ECB) Executive Board member Isabel Schnabel warned that even if a U.S.-Iran peace deal reopens the Strait of Hormuz, price pressures could still run higher than expected. Speaking on Saturday, Schnabel said, "There are upside risks to inflation for food, goods and services," adding that energy price shocks could spill over into broader sectors. While she welcomed the recent decline in energy prices amid prospects of a U.S.-Iran peace deal, she cautioned that a ceasefire should not be a reason to lower guard. "Uncertainty remains high, but the announced peace deal reduces the likelihood of negative scenarios," she noted. Even so, oil prices are projected to stay elevated, as the Strait of Hormuz will only reopen gradually. Schnabel, considered the most hawkish member of the ECB Governing Council, reiterated that "the ECB will likely raise interest rates further to bring inflation back to the 2% target over the medium term." She added that consumer inflation expectations have risen, though there are no signs of wage pressures yet. (Jin10)
A proposal on Ethereum Research suggests redirecting part of staking rewards toward public goods funding. Supporters see sustainable decentralized funding, while critics warn of protocol-level overreach. The proposal is not approved and should be treated as an early governance debate. Staking Economics And Ethereum Governance: Why This Story Matters Ethereum Protocol Debate: Diverting Staking Rewards for Public Goods Funding Sparks Controversy has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.
The key point is not simply that the proposal was published on ethresear.ch. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.
The Main Details According to the official source material, the proposal was published on ethresear.ch. The report also notes that it suggests a protocol-level mechanism to redirect a portion of staking rewards to public goods funding.
That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not claim this is approved or scheduled for a hard fork.
Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.
That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate Ethereum, ETH, Staking, Governance, Public Goods over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.
What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.
Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.
This report is based on information from Ethereum Research.
This article was written by the News Desk and edited by Samuel Rae.
Is this a "massive opportunity" for accumulation or is there more to the story?
The world’s largest altcoin felt the pain of the overall market weakness over the past week, dropping to just over $1,500 for the first time in well over a year.
The asset remains below key support levels, including $1,800, which holds a particular significance in its long-term potential, according to popular analyst Michaël van de Poppe.
ETH Below $1.8K Means… The market observer believes ETH sliding below $1,800 is a “massive opportunity” and that day traders should avoid it, as it’s “not really attractive” here. The chart below paints a clear picture, showing that the asset has been in a clear downtrend for months. It peaked at almost $5,000 last summer, but it has plunged by nearly 70% since then to the current $1,600.
However, there’s finally light at the end of the tunnel as the asset is “making a potential strong bullish divergence on many levels that would indicate that ETH is going to follow Bitcoin.”
Perhaps the biggest catalyst for future price gains in the crypto market, especially for tokens like ETH, which some analysts believe would benefit more than BTC, is the CLARITY Act. The bill, expected to be signed into law in the US this year, should increase regulatory clarity on the entire market in the US.
Van de Poppe says ETH is currently following a classic “sell the rumor, buy the news” type of price action. He also named $1,505 and $1,385 as the next levels at which ETH would present a “tremendous buying opportunity” if it gets there. Overall, though, he believes markets are not eager to go down more, and he doubts ETH will drop to those levels.
“I much rather see a clear breakthrough at $1,800 and see these levels as strong opportunities to be accumulating more positions.”
ETHUSD: van de Poppe Chart on X 3 in a Row Ethereum’s native token is just days away from creating history but in a negative manner by ending a third consecutive quarter in the red. Despite its previous bear cycles, it has never done this but it would require nothing short of a miracle to avoid it now. It closed with a 28.28% drop in Q4 2025, another 29.26% decline in Q1 2026, and is down by more than 24% in Q2 as of press time.
You may also like: Bitcoin (BTC) Dips Below $62K, Ethereum (ETH) Plunges 6% Daily: Market Watch 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M Bitmine Buys 52K ETH as Tom Lee Believes the Best Years for Crypto Are Still Ahead ETH Quarterly Returns. Source: CoinGlass With June almost gone, investors have focused on July now. Ted Pillows brought some hope for the bulls, indicating that ETH has historically seen a bounce back in July. This has been particularly true in 2020, 2021, 2022, and 2025. ETH has posted notable gains in those July, all of which followed a red June.
On-chain records in the supplied pack point to a trader opening high-leverage short exposure across Bitcoin and Ethereum.The reported short exposure includes around 912 BTC and 10,000 ETH, with a combined notional value near $70 million.The setup remains market-analysis context. Do not promote leverage or describe the trade as a strategy readers should copy. https://x.com/EyeOnChain/status/2070519940533350461
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High-net-worth derivatives positioning as a sign of ongoing defensive sentiment Whale Activity Shows High-Leverage Short Positions Re-Opened on Bitcoin and Ethereum is one of the market setups traders are watching as crypto attempts to stabilize after recent volatility. The signal is useful because it points to a clear market level, flow, or positioning theme that can be checked against live data.
This setup surfaced through the X/social discovery lane, which is used as an idea sensor only. It should not be treated as a source of record on its own. The relevant data still needs to be checked against market charts, derivatives dashboards, or on-chain records before readers draw conclusions.
What the available data shows On-chain records in the supplied pack point to a trader opening high-leverage short exposure across Bitcoin and Ethereum. The reported short exposure includes around 912 BTC and 10,000 ETH, with a combined notional value near $70 million.
That matters because crypto markets often move around concentrated liquidity zones, wallet flows, exchange positioning, and broader macro pressure before those signals become obvious in price. The strongest version of this setup is one where the highlighted level or flow continues to hold after live validation.
Why traders are watching this setup The setup gives traders a defined framework rather than a vague bullish or bearish view. For Bitcoin, the key question is whether the current signal reflects durable positioning or a short-lived reaction inside a volatile range.
Market structure remains fragile. Bitcoin direction, liquidity conditions, derivatives positioning, and macro volatility can still override otherwise clean technical or on-chain setups. That is why the signal is best understood as a watchpoint, not a prediction.
Risk and invalidation context Do not promote leverage or describe the trade as a strategy readers should copy. The same trader was reported as recently locking in about $4.4 million in profit before reopening short positions.
If the highlighted level fails, if the wallet flow turns out to be internal custody movement, or if derivatives positioning flips quickly, the interpretation should change. The article should therefore be read as a current market snapshot rather than a guarantee of future price action.
What to verify next The next step is external confirmation. For this setup, the validation path is: Cross-check the wallet address 0xaeaab54bbf65bfd6efed7d2eb68372298e3c2416 on Arkham and derivatives data where available. Until that confirmation is reviewed, the setup should remain market-analysis context rather than a confirmed directional forecast.
Traders should also watch liquidity, volume, and daily close structure. Those factors will decide whether this signal becomes a durable theme or another short-lived reaction inside a volatile crypto session.
This report is based on publicly available market and on-chain data.
This article was written by the News Desk and edited by Samuel Rae.
