In the past 24 hours, a total of 278,206 people in the crypto market have been liquidated, with a total liquidation amount of $1.853 billion .
Why did cryptocurrency prices suddenly plummet? Here's the reason:
This week, several exchanges and institutions dumped more than 120,000 Bitcoins. An An was the most aggressive, selling 58,000, followed by Coinbase with 33,000. Even Saylor, who hadn't traded in four years, started selling – this is the first time they've done so.
At this rate of price drops, is a major crash imminent? Those holding cryptocurrency should be cautious; the big players definitely have better access to information than we do.
Another hot topic: Huang's words are even more powerful than the financial report, causing MRVEL to surge by 32%!
At Computex Taipei 2026, during his presentation at Marvell, Jensen Huang casually remarked, "This company will one day break the trillion-dollar market capitalization mark." And then? After a 32% buy-in, the stock rose 9.6%, a 45% increase in a single day. It jumped directly from 219 to 319. The market capitalization leaped from 192.1 billion to 279.1 billion.
Retail investors are in an uproar. In this AI bull market, the pronouncements of industry leaders are like nuclear-level catalysts. Fundamentals and valuations are utterly shattered. The logic is simple: see if Nvidia names anyone. Nvidia has long since moved beyond just selling chips; it's built trillion-dollar "subordinates" by subcontracting upstream and downstream businesses. Marvell is just the first; Broadcom and AMD also have a chance.
BTC
Bitcoin has dropped nearly $10,000 in the past two days without any rebound, continuing its downward spiral. The price is now near the $65,000 support level. After such a significant drop, a slight rebound has finally occurred, indicating that this level still provides some support. If it breaks below this level, it may test the $62,000-$60,000 range, which is near the previous low.
Therefore, the next step is to observe the strength of the minor rebound. If the rebound is strong, it might test the 69,000-70,000 level. If it's weak, after some fluctuation, it will continue to accelerate its decline, reaching at least 62,000. For those who want a more conservative approach, it's not necessary to immediately take profits from the rebound; it's best to observe first.
ETH
Ethereum is currently priced around 1875, and the strategy remains primarily shorting. Key resistance levels to watch are around 1900 and 1970; short should be entered around these levels. Support levels to watch are 1850, 1800, and 1750.
Altcoin
Bitcoin rebounded after falling to around 65,000, and it should stabilize in the short term. If you want to capitalize on this rebound, keep an eye on Altcoin.
ZEC's price movement suggests it's poised to become the next Hype. Keep an eye on other coins in the anonymity and privacy sector, such as ZEN and DASH. The AI sector is also quite active, with coins taking turns rising; TAO, NEAR, and WLD have already seen movement, and FET and VIRTUAL are worth watching.
HYPE
HYPE is currently around $76, having risen significantly in the short term, but recent capital outflows have also increased. The long-term logic remains sound, but a pullback at this level is warranted. Waiting for a correction before entering the market would offer better value.
ONDO
The long-term logic behind ONDO has fundamentally changed. Major exchanges have begun to operate their own independent US stock trading platforms and are no longer cooperating with ONDO. Therefore, in the long run, its future potential needs to be somewhat reduced.
ZEC
ZEC is bucking the trend and rising, with resistance levels still between 690 and 700. A break above this level would likely lead to a move above 800, similar to the price action of HYPE when it broke through 45.
FET
FET's recent price action seems to be on the verge of a breakout, with funds clearly starting to pay attention. However, it's likely to need some consolidation in the short term before a real upward trend can begin.
WLD
The volume increase at the bottom of WLD is quite obvious. If it really rises, it will most likely be a short-to-medium-term rebound. However, the long-term downtrend has not been completely reversed. In terms of potential gains, we should first look at a phase of recovery. I went long today, and this wave should touch 0.5.
XPL
XPL has basically bottomed out over the past few months, and there should be an opportunity for a rebound in mid-to-late June.
LAB
Like RAVE, LAB initiated the classic pump-and-dump scheme. It's a variant of the VC coin scam, the last bloodsucking machine in the crypto, wiping out another bunch of gamblers. Before, in a bear market, there were no other options, but things are different now; who cares about this stuff? Speaking of which, Mario was originally part of the Ponzi scheme...
