🤔 Bitcoin could bottom at $42K-$44K this autumn, according to Jiang Zhuoer, founder of the former major mining pool BTC.TOP

He believes the current bear cycle may end between October and December 2026.

One of the key signals behind his thesis is Strategy's mNAV indicator, which has fallen to 0.72, nearly matching its 2022 lows. Historically, mNAV bottoms have formed roughly six months before Bitcoin reaches its price bottom, suggesting that market sentiment may already be approaching capitulation. 👀

Interestingly, Jiang isn't buying yet.

He says he is still holding short positions and plans to start accumulating BTC only after the market reaches his projected bottom range.

Yesterday Bitcoin briefly fell below $60K again yesterday and has since recovered to around $61.2K.

⚡️ Binance is reshuffling its European strategy

The exchange has officially withdrawn its MiCA license application in Greece and will now pursue approval in another EU member state.

This doesn't mean Binance is leaving Europe. Under MiCA regulations, securing a license in just one EU country allows a crypto company to operate across the entire European Union.

Binance CEO Richard Teng urged users to stay calm, stressing that the company remains fully committed to obtaining a European license and continuing its operations in the region.

With the MiCA transition period coming to an end, the race for regulatory approval is becoming increasingly intense for major crypto players.

For Binance, this looks less like a defeat and more like a strategic pivot — but the big question remains: which country will become its new gateway to Europe? 🇪🇺👀

📉 DeFi continues to bleed liquidity

Total Value Locked (TVL) has declined every month of 2026, falling by roughly 39% since the beginning of the year — from $115 billion in January to around $70 billion today. 😳

The main reason is the broad market cooldown that followed the peak in October 2025. Lower token prices, reduced risk appetite, and declining on-chain activity have all contributed to capital leaving the sector.

What's even more notable is that among the major ecosystems, only TRON and Hyperliquid have managed to stay in positive territory this year. 🤔

The data suggests that capital isn't disappearing entirely — it's becoming much more selective.

The era of liquidity flowing into every protocol appears to be over. In 2026, users are concentrating around ecosystems that continue to show growth, generate fees, and maintain real demand. 👀

📊 Crypto exchanges are increasingly becoming RWA marketplaces

On Binance, USDT perpetual volumes for gold, oil, and stocks are already surpassing many altcoins outside the top 10 by market cap! 🙀

🔎 According to CryptoQuant's CEO, demand for contracts tied to real-world assets is growing so quickly that exchanges are evolving beyond pure crypto speculation and turning into multi-asset trading platforms.

The trend is clear:

🟡 Gold and commodities are attracting more traders.
🛢 Oil contracts are gaining traction.
📈 Stock-related products are competing with traditional altcoin markets.

This shift suggests that the future of crypto exchanges may not be limited to digital assets alone. Instead, they could become one-stop markets where users trade Bitcoin, stocks, commodities, and other tokenized real-world assets from the same platform.

The "crypto casino" is slowly turning into a global marketplace for everything. 👀

📊 Stablecoin supply keeps growing — but the liquidity is no longer concentrated in just a few chains

Ethereum remains the leader with $158 billion in stablecoins, up from $128 billion a year ago (+24%). Second place belongs to Tron, which now holds nearly $90 billion in stablecoin supply.

The fastest-growing ecosystems over the past year were:

🚀 BNB Chain: +69%
🚀 Arbitrum: +66%
🚀 Hyperliquid: +66%
🚀 Solana: +47%

Historically, rising stablecoin supply has been one of the clearest signs of fresh liquidity entering the crypto market.

The difference this cycle is that capital is becoming far more diversified. Instead of flowing almost exclusively into Ethereum and Tron, liquidity is increasingly spreading across multiple ecosystems.

More chains are now competing for capital — and the winners may be the networks that can attract and retain this growing pool of stablecoins. 👀

😨 Bitcoin just hit an all-time high... but not the one bulls were hoping for

The amount of BTC currently sitting at a loss has exceeded 10.83 million coins, the highest level in Bitcoin's history! 🙀

That means more than 10 million BTC are now held by investors who are underwater — creating a massive pool of potential sellers if the market continues to weaken.

Historically, large amounts of coins in loss often coincide with periods of fear and capitulation. But they can also mark the late stages of bear markets, when weak hands are gradually exhausted.

The big question now is simple:

Will these holders panic and sell, adding even more pressure to the market? 😳

Or will they hold through the pain and wait for the next recovery?

One thing is certain: never before have so many Bitcoins been sitting in the red. 👀

🔻 Apparently, yesterday's bottom wasn't enough for Bitcoin — so it decided to print another one today

In just one hour, more than $600 million in crypto longs were liquidated, with roughly half of that coming from Bitcoin positions alone.

The total crypto market cap briefly fell below $2 trillion, while BTC touched a local low of $58,115 on Binance. 📉

Adding fuel to the sell-off, the Nasdaq is also declining, and markets are increasingly speculating that the Fed may need to raise interest rates again.

This is a classic risk-off move: stocks are falling, leveraged traders are getting wiped out, and crypto is once again taking the biggest hit. 🥊

😳 Panic selling hit the Bitcoin market hard

🔎 According to CryptoQuant, traders sold a staggering $2.07 billion worth of BTC in just one hour across all exchanges, measured by Taker Sell Volume.

That's one of the largest hourly sell-offs we've seen in recent memory and highlights just how aggressive the capitulation has become. 😳

When billions of dollars are market-sold in such a short period, it usually means one of two things:

🔴 Fear is reaching extreme levels and investors are rushing for the exits.
🟢 A major capitulation event is taking place, often creating opportunities for long-term buyers.

Combined with massive long liquidations and BTC briefly dropping below $60K, the market is clearly going through a stress test.

The question now is whether this was the final flush before a recovery — or just another step lower in the current correction. 👀🩸

🐻 "We're already on the way to the cycle bottom," says Jason Pizzino

Bitcoin has already tested $58K, which sits at the upper end of his projected bottom range of $43K-$58K. However, he believes the final confirmation of the bear market's end is still ahead.

📌 The key level this week is $62.5K. If BTC closes the week below its 200-week moving average, history suggests another 12% downside, potentially toward $51K.

📝 Pizzino argues that even if the absolute bottom isn't in yet, the market is likely in the final stage of the bear cycle.

Several signals still need to align:

🔹 No major capitulation volume spike has appeared yet.
🔹 USDT dominance continues to rise, indicating capital is still leaving crypto.
🔹 The Fear & Greed Index needs to recover from fear into neutral and eventually greed to confirm a new cycle.

The next few weeks could be decisive in determining whether Bitcoin is building a long-term bottom or has one more leg down left. 👀

😳 Is Michael Saylor's STRC becoming the next LUNA?

Not exactly — but investors are getting nervous.

Strategy's preferred shares, STRC, have plunged to $76.2, trading about 25% below their $100 par value.

The concern is simple: STRC pays an 11.5% dividend, meaning Strategy needs roughly $1.2 billion per year just to cover these payments. The company currently holds around $1.4 billion in cash reserves.

🗝 The key difference from LUNA is that Strategy is not legally obligated to keep paying dividends at all costs. STRC holders can't force liquidations or trigger a death spiral.

Still, the market is starting to question whether Strategy can continue funding both its dividend obligations and aggressive Bitcoin strategy.

😱 The biggest fear? If pressure keeps building, the company could eventually be forced to sell BTC to support its capital structure.

For now, it's not a LUNA-style collapse — but the risks around Strategy are becoming increasingly difficult to ignore. 👀🩸

🇪🇺 Binance has warned its European users that it will stop providing crypto services in the EU after failing to secure a MiCA license before the deadline

On June 24, the exchange withdrew its license application in Greece and announced plans to apply in another EU country. However, with MiCA rules fully taking effect on July 1, time has run out. 😢

In emails sent to users, Binance's European entity stated that it can no longer accept new clients and will cease providing crypto-asset services from July 1, 2026.

📨 Users in Poland, Italy, Spain, and France have already received instructions on how to withdraw their funds.

Binance founder Changpeng Zhao criticized the decision, saying it's "sad to see the European Union deprive its users of access to the best liquidity in the world."

For now, this looks like a major setback for Binance in Europe and another reminder that regulation is becoming one of the biggest challenges for global crypto exchanges. 👀

📉The number of major crypto investors — venture funds and large institutional backers, not retail traders — has fallen to just 651 in Q2 2026, down from 2,564 at the peak in 2022

That's a staggering 75%+ decline in just a few years. 🙀

The result? Capital is becoming increasingly concentrated in the hands of a small group of large funds, while startups are finding it much harder to raise money and secure attractive valuations.

The easy-money era of crypto venture investing appears to be over. 🤷

For founders, getting funded now requires stronger products, real traction, and clearer business models. For investors, the shrinking pool of capital means fewer bets and much more selective deployment. 💸👀

💳 Crypto cards are quietly becoming one of the most successful real-world use cases for crypto

Weekly transaction volumes have now surpassed $200 million and have been growing almost continuously since 2023.

Unlike many hyped narratives that come and go, crypto cards solve a simple problem: they allow users to spend digital assets in everyday life without leaving the crypto ecosystem.

The steady growth in transaction volume suggests that adoption is moving beyond speculation and into actual payments.

While DeFi TVL and NFT activity have cooled significantly, crypto cards continue to gain traction, showing that users still want practical tools that connect crypto with the real economy.

Sometimes the biggest signs of adoption aren't found in meme coins or flashy narratives — they're hidden in people simply paying for coffee, groceries, and subscriptions with crypto. 💳🚀

Bitcoin is about to close its third consecutive red quarter 👀

If nothing changes dramatically in the next two days, June will finish down roughly 18.5%, making it the worst June since 2022, while Q3 would close around -12.3%.

This has happened only three times in Bitcoin's history: 2014, 2019, and 2022.

And here's the interesting part 👇

Every previous instance of three consecutive red quarters was followed by the formation of a final market bottom within the next 1-2 quarters, eventually leading to a new major uptrend.

Historically, Q4 has been Bitcoin's strongest quarter. Over the last 13 years, it has closed in the green 9 times, including gains of +215% in 2017 and +168% in 2020.

Of course, history doesn't guarantee a repeat, but several on-chain and market indicators continue to suggest that Bitcoin may be moving closer to a long-term bottom toward the end of the year. 😏

⚠️ Michael Saylor’s Strategy is facing renewed criticism

Grayscale believes that instead of increasing dividends on STRC, Strategy should sell over $3 billion worth of BTC and use the proceeds to cover nearly all of its debt obligations for the next two years. 🤔

Ripple CEO Brad Garlinghouse also criticized Saylor’s approach, arguing that the long-term value of the crypto market should be built on the real utility of digital assets—not on continuously leveraging the future to accumulate more Bitcoin.

Meanwhile, Michael Saylor remains confident, insisting that market volatility is temporary. However, critics point to STRC trading below its par value as a warning sign that raises concerns about the sustainability of Strategy’s financial modе.

😳 ChatGPT beats Claude?

OpenAI has reportedly unveiled ChatGPT-5.6 Sol, a new AI model said to outperform Claude Mythos—a model that was reportedly restricted from distribution to non-U.S. citizens—across several key benchmarks.

Alongside Sol, OpenAI is also expected to introduce two lighter versions: Terra and Luna. Crypto enthusiasts have already noticed the names. 👀

According to the reports, the public release of GPT-5.6 could happen within the next few weeks—assuming it doesn't meet the same fate as Mythos.

📈 Meanwhile, RAM manufacturers after the announcement:
🥵🚀

🤔 Is Strategy preparing to become a Bitcoin seller?

Michael Saylor's company has introduced a new Digital Credit Capital Framework, which for the first time explicitly mentions the possibility of selling part of its BTC holdings to fund operations and maintain liquidity.

Key details:

🟠 Strategy now holds $2.55 billion in cash reserves.
🟠 The company estimates it could raise another $1.25 billion by selling BTC if necessary.
🟠 Combined, that's enough to cover nearly 26 months of dividend payments without needing additional financing.

Another interesting signal: last week, Strategy didn't buy a single Bitcoin. Instead, it raised $1.15 billion through MSTR share sales.

The market actually liked the update — both MSTR and STRC jumped around 6% after the announcement.

For years, "never sell your Bitcoin" was part of the Strategy story. Now, the company is at least acknowledging that selling BTC could become an option if conditions require it. 👀

☠️ Bitcoin is about to print a weekly Death Cross (50WMA crossing below the 100WMA) — and historically, that's not necessarily bad news

In previous cycles, this signal has often appeared near the end of bear markets, shortly before a major bottom formed. 🧐

The catch? BTC usually falls another ~20% on average in the weeks following the signal.

If history repeats, that could send Bitcoin below $50K before a true long-term bottom is established.

For bears, it's a warning that more downside may still be ahead.

For long-term investors, however, the Death Cross has historically been more of a late bear market indicator than the start of a new collapse.

The market now faces a critical question:

📉 One final capitulation below $50K?
📈 Or will Bitcoin break the pattern this time?

Either way, the next few weeks could be decisive for the remainder of this cycle. 👀

📉💰 June became the worst month in history for spot Bitcoin ETF outflows, with investors pulling a massive $4.06 billion from the funds

The previous record of $3.56 billion was set just a few months earlier, in February 2025.

Such heavy outflows suggest that institutional investors have been aggressively reducing risk exposure, adding another source of selling pressure to an already weak market.

The good news? Extreme ETF outflows have historically been a contrarian signal, often appearing when market sentiment is near its worst.

The bad news? Institutions are clearly not in a hurry to buy the dip yet.

For now, June's record outflows highlight one thing: traditional finance has gone into defensive mode, and Bitcoin will likely need fresh demand to regain momentum. 👀🚀

🤖 China's AI race is heating up again

Chinese startup Zhipu has released its new open-source model, GLM-5.2, which scored just one point behind Claude Opus 4.8 in AI agent benchmarks — while reportedly costing around five times less to run.

The next version, GLM-5.5, is already expected in August.

Why does this matter? Because markets have seen this movie before. 📺

When the low-cost DeepSeek model was released, Nvidia plunged 17% and lost over $600 billion in market value as investors questioned whether massive AI spending was really necessary.

If Zhipu's new models continue narrowing the performance gap with U.S. leaders at a fraction of the cost, the market could once again start asking an uncomfortable question:

💸 Are the billions being poured into AI infrastructure actually justified?

For AI companies and chip makers, cheap and powerful models may become both the industry's biggest opportunity… and its biggest threat. 👀

🤔 According to historical cycle data, Bitcoin may have already gone through around 73% of its current bear market

It's been 253 days since the October 6, 2025 peak. Historically, Bitcoin bear markets last about 365 days from the top to the final bottom, followed by a bull cycle averaging 1,064 days. 📊

If this cycle follows previous patterns, the market could be roughly 112 days away from a major trend reversal — or about four months from a potential final bottom.

Of course, history never repeats perfectly, but it often rhymes.

For investors, this means the most painful phase of the bear market may already be behind us, and the next few months could represent the final stretch of red candles before a new growth cycle begins.

The countdown to the next Bitcoin bull market may have already started. 👀📈