💥 Over $600 million in long positions on Bitcoin were liquidated when BTC dropped to $60,000.

Many traders expect a short-term recovery to $70,000, however, the overall technical situation remains bearish for BTC.

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📈 Michael Saylor, in his new essay, calls for a "disciplined expansion" of Bitcoin. He believes that to achieve this, it is necessary to utilize banks, loans, securities, and higher levels while maintaining the fundamental level of Bitcoin.

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🔍 Taylor Hornby, the researcher who discovered the Orchard vulnerability that caused Zcash to drop by 38%, has added Monero to his audit list. Hornby plans to check other privacy-focused coins as well.

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📉 Bitcoin has reached its lowest level of oversold conditions since the 2020 crash. An analysis of the RSI indicator shows that the current situation is similar to the scenarios of February 2020 and 2026, which preceded recoveries of 50% and 30% respectively. This raises the question of the possibility of BTC returning to the $70K mark.

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📈 Michael Saylor is once again fueling rumors about buying Bitcoin!

The executive chairman of the company has posted a familiar chart with previous BTC purchases, adding that "it's a good time to add more dots."

This statement is expected to attract investors' attention and spark new discussions about the company's strategy regarding Bitcoin.

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📅 In the upcoming week, starting from June 8, investors' attention will be focused on the inflation data in the US and the European Central Bank's decision on interest rates.

These events could have a significant impact on financial markets, including the cryptocurrency sector. Analysts expect that the results of these economic indicators may trigger price fluctuations in assets.

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📉 Analysts warn that the support level for Bitcoin at $60,000 may be at risk. With ongoing bearish movements and increasing macroeconomic hurdles, the market situation remains unstable. Possible corrections could negatively impact the current support level.

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⚠️ The dominance of USDT has shown a "golden cross," which could signal potential problems for Bitcoin.

This indicator warns market participants about possible instability in the crypto industry.

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📉 The price of Bitcoin has once again dropped to local lows at $62,000. The analysis of the bear market shows that the current fluctuations of BTC continue to mirror historical patterns, despite new hopes for a peaceful agreement between the USA and Iran.

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🇯🇵 The three largest banks in Japan - MUFG, SMBC, and Mizuho - are planning a joint issuance of stablecoins by March 2024.

To achieve this, they will create a council that will work on developing operational frameworks and preparing for the issuance of new digital assets.

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📈 The prediction market platform Kalshi has implemented new measures to combat insider trading and market manipulation. Now users are required to disclose information about their employers to participate in markets that the company believes are more susceptible to abuse risks.

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