A widely followed crypto analyst is warning that Bitcoin (BTC) could hit new lows if it fails to hold one crucial level of support while updating his outlook on Ethereum (ETH).

In a new strategy session, crypto trader Michaël van de Poppe tells his 800,200 followers on the social media platform X that if the top crypto asset by market cap were to plunge below $115,000, it could see a significant dip in price.

“Bitcoin didn’t break entirely through the resistance here. Small corrective day, however, on the lower timeframes, it’s clear that Bitcoin is trending upwards again. Crucial area to hold at $115,000. If that’s lost, likely new lows.”

Van de Poppe goes even further and says that if the crypto king can hold the support zone, it will lead to a new all-time high (ATH) price.

“Phenomenal break upwards on the altcoin and Bitcoin markets. It’s still facing the next resistance, but the trend seems to be kicking back upwards. What is crucial to hold? $114,800 Hold that and we’ll be seeing a new ATH. Right on edge with the rates falling downwards.”

Bitcoin is trading for $116,497 at time of writing.

Moving on to the largest smart contract platform by volume, Van de Poppe says that the top altcoin appears ready to make a move toward the $4,000 price tag in the coming days.

“ETH is back to $3,900 and is likely going to attack that $4,000 resistance in the coming days. The markets are strong, volume is picking up, more volatility is coming in and the joy will be back.”

The trader goes on to note that he believes there is an opportunity in altcoins as they are currently being overlooked and will see massive gains in the next 2-4 months.

“I think that the altcoin markets are extremely mispriced… Almost all altcoins haven’t gotten back to their previous levels, which means that there’s still a massive opportunity that people overlook as they are too busy screaming on social media how bad the markets are.

I remain all-in into altcoins as I think that there’s 200-500% to be made in the next 2-4 months. A lot of altcoins haven’t really gotten back to their levels from early ’25. Of course, some aren’t going to be showing momentum, but the recent move of ETH is the first step forwards to a more risk-on appetite.”

Ethereum is trading for $3,945 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Solana-based memecoin launchpad Pump.fun has made the headlines again after its recently launched token, PUMP, plummeted to new lows. The nosedive follows a recent update on the token’s highly anticipated airdrop and its legal troubles.

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PUMP Token Loses $1 Billion MC

Just over a week after launch, Pump.fun’s official token has hit a new all-time low (ATL), reaching the $0.0028 area and dropping below the $1 billion market capitalization for the first time since its initial Coin Offering (ICO).

Pump.fun was launched in January 2024 to facilitate and simplify the deployment of tokens. The Solana-based platform quickly became the leading memecoin launchpad in the crypto market, fueling this cycle’s memecoin frenzy.

According to Dune data, the launchpad has deployed nearly 12 million tokens over the last 18 months and generated a Total Revenue of over $775 million. After announcing its official token in early June, the platform’s PUMP rollout had a bumpy road, as its official X account was suspended mid-month.

The token’s public sale was also pushed nearly three weeks from its original June 25 date. Nonetheless, Pump.fun recorded a highly successful sale two weeks ago, raising $600 million in just 12 minutes.

Two days after its launch, PUMP surged around 70% from its ICO price, reaching an all-time high (ATH) of $0.0068 on July 16. Since then, investors have seen a 57.9% price drop, with 25% of its decline occurring in the past 24 hours.

The violent correction has been partially fueled by the recent update of PUMP’s upcoming airdrop. In the token announcement, Pump.fun stated that an airdrop was “coming soon,” but didn’t offer further details.

On Wednesday night, the platform’s co-founder, Alon Cohen, confirmed that there will be a token airdrop but revealed it “is not going to take place in the near future,” which ignited massive backlash from the community and sent the token into its current nosedive.

Community Slams Pump.fun Team

Several X users have expressed their concerns and discontent with Pump.fun’s team, with some claiming that it is “easily one of the worst charts out right now” as “PUMP is trading like the devs already gave up.”

Another user stated that “the way PUMP is performing post-TGE is 100% on the team. Only in crypto you can sell a ‘utility coin’ for $1.3B in cash and a week later no one still has a clue what those utilities even are lol.”

Some community members remain hopeful that the cryptocurrency will reverse. Market watcher Bren Trades considers that “The crowd is grave dancing on PUMP. Just like they did with PENGU And we saw how that played out.”

He noted that “If you’ve been here for a while, you know these post-launch dump outs are commonplace.” Meanwhile, crypto analyst Altcoin Sherpa wrote on X that “joking aside, I actually do think that PUMP bottoms relatively soon. I am expecting some sort of giga crime pump eventually.”

Legal Drama Intensifies

In January, Burwick Law filed a class-action lawsuit against the platform, alleging it acted as an unregistered securities exchange. According to the original complaint, users have suffered massive losses due to their tokens’ price plunging after the hype died down.

On Wednesday, the law firm filed an amended lawsuit in the Southern District of New York against the platform and some of its Solana partners, including Solana Labs, the Solana Foundation, Jito Labs, and the Jito Foundation.

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The new complaint escalates the extent of the allegations, claiming that the defendants have extracted over $5.5 billion from customers through schemes, and seeking rescission of Pump.fun transactions and compensatory damages.

As of this writing, PUMP is trading at $0.0028, a 26.6% decline in the daily timeframe.

Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) fell to its lowest price this month on June 20, triggering $464 million in liquidations across cryptocurrency markets as geopolitical jitters and heavy selling pressure rattled traders.

Bitcoin dropped to a low of $102,225, reversing the gains recorded earlier in the day after failing to break through resistance above $106,000.

Data from Coinglass shows that more than $466 million in leveraged positions were wiped out in the past 24 hours. Of this, $392.9 million came from long positions while about $73.4 million came from shorts.

Ethereum (ETH) liquidations stood at $157.8 million, outpacing Bitcoin’s $124.1 million over the past 24 hours. Over 130,736 traders were liquidated in the latest wipeout, with the largest single liquidation order occurring on Bybit’s BTCUSD pair valued at $8 million.

As of press time, Bitcoin was trading at $103,122 as bulls attempted to hold above the $102,000 support established earlier this month. Meanwhile, Ethereum was trading at $2,412 after falling to a low of $2,363.

The wider altcoin market mirrored Ethereum’s performance and fell to new monthly lows despite Bitcoin holding above $102,000.

The latest decline coincided with renewed geopolitical tensions in the Middle East, with reports of military strikes reigniting risk aversion across global markets. Equities also traded lower and lingering uncertainty could keep digital assets under pressure in the short term.

Technical analysts warned that if Bitcoin closes below the key $102,000 threshold, it could open the door to deeper losses toward $100,000 or even the mid-$90,000 range. However, the spike in liquidations and extreme negative sentiment might signal a possible short-term bottom if buyers step in to absorb the sell-off.

Bitcoin has been volatile for much of June, repeatedly testing resistance and support between $100,000 and all-time highs. Despite the recent drop, the flagship crypto remains up about 40% year-to-date, supported by strong institutional demand and new exchange-traded fund flows earlier this year.

Markets will be watching closely for signs of stabilization over the weekend, with attention focused on whether Bitcoin can hold above psychological support at $100,000, a level traders view as critical for keeping bullish momentum intact.

Mentioned in this article

As Bitcoin (BTC) reels amidst escalating geopolitical tensions between Israel and Iran – dropping from $110,530 on June 9 to just above $106,900 today – concerns are mounting that BTC’s upward momentum may have stalled. However, on-chain data suggests that both Bitcoin whales and retail investors still anticipate further upside for the leading cryptocurrency.

Bitcoin Whale And Retail Inflows To Binance Tumble

According to a recent CryptoQuant Quicktake post by contributor Darkfost, Bitcoin inflows to Binance crypto exchange from two distinct cohorts – whales and retail investors – have fallen to their lowest levels in the current market cycle.

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Darkfost shared the following chart illustrating that Bitcoin whale inflows to Binance have hit their lowest point since 2024. Similarly, retail investor inflows are also at their lowest since 2024, signalling a strong preference to hold rather than sell.

The contributor emphasized that this alignment in behavior between whales and retail investors is a “highly constructive signal for the market.” Apart from the consistent inflows observed at the start of the current cycle, Darkfost identified two previous instances when both groups acted in sync.

Notably, such periods of aligned behavior have typically coincided with previous market tops. These tops were marked by synchronized BTC inflows into exchanges, leading to a significant uptick in selling pressure and, eventually, market demand exhaustion.

Commenting on the recent drop in BTC inflows, Darkfost suggested that market participants may be waiting for clearer macroeconomic cues or are simply exhibiting high conviction in Bitcoin’s long-term potential. They added:

Such alignment across investor classes may also reflect broader market confidence, with expectations of further profits ahead.

Recent trading setups support the aforementioned outlook. In a separate X post, seasoned crypto analyst Ash Crypto highlighted that a Bitcoin whale had opened a massive $200 million long position with 20x leverage.

Should BTC Holders Be Worried?

Despite the encouraging dip in BTC inflows to major exchanges like Binance, some analysts warn that a deeper correction may be imminent. For example, TradingView analyst MIRZA recently predicted that BTC could fall as low as $85,000.

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Similarly, veteran trader Peter Brandt shared a cautionary note, that BTC may see a steep slide in the coming months. Brandt stated that if BTC mirrors the 2021-22 market cycle, then it may risk falling to as low as $23,600.

That said, BTC outflows from exchanges continue to rise, depleting available reserves – a dynamic that could result in a supply shock. As of this writing, BTC is trading at $106,920, up 1.8% over the past 24 hours.

Featured image from Unsplash, charts from CryptoQuant and TradingView.com

New Accounts On Shibarium Fall Below 100

The new account metric tracks the total number of brand new accounts that are created on the Shibarium network daily. This is different from the total daily users as it only tracks new accounts and not existing accounts. It also helps to show the adoption rate as more new accounts signing up shows adoption is rising and the number falling means the opposite.

Presently, the Shibarium network is falling behind as the total number of new accounts signing up have fallen below the 100 mark. This comes after a major spike at the beginning of May 2025 when a total of 5,111 new accounts were created on May 6th alone.

Since then, the number has crashed by over 99%, dropping first to just above 200 new daily accounts, before bottoming out below 100. Data from ShibariumScan shows that in the last four days, fewer than 100 new accounts have been recorded daily.

This also coincides with a sharp decline in the active accounts on the network, going from over 21,000 daily at the start of May to less than 15,000% by the middle of the month. New transaction figures have also fallen with 1.87 million recorded on Tuesday compared to the 3 million average at the start of the month.

Shiba Inu Follows Bearish Trend

The trend of low adoption recorded on the Shibarium blockchain has also been felt in other areas such as the total addresses holding the Shiba Inu token. According to IntoTheBlock, the total addresses holding Shiba Inu have seen a decline over the last couple of days. This metric went from above 1.4 million to 1.39 million addresses. A small decline, but nonetheless pointing to an exit from the cryptocurrency by investors.

At the same time, the Shiba Inu price has also struggled to stay afloat at this time. Caught in a power struggle between the bears and the bulls, Shiba Inu has seen its price constrained to a tight range of $0.000014 and $0.000017. If the sell-offs continue, then the meme coin could break below the support currently being established at $0.000014.

Buying low and selling high is what investing comes down to. Often, however, investors get spooked when prices are low and avoid struggling stocks, thinking that they are destined to go even lower. But when it comes to quality businesses, you should relish the opportunity to buy stocks when their prices are low as it can mean great returns later on.

Three stocks that are struggling today are Alphabet (GOOG 3.46%) (GOOGL 3.64%), Merck (MRK -2.14%), and Block (XYZ 0.38%). These stocks are trading near their 52-week lows. However, that shouldn’t deter you from buying them. Here’s why they can be fantastic investments to load up on right now.

Image source: Getty Images.

Alphabet

Shares of Alphabet have been sinking amid worries that a breakup of the company may be inevitable due to antitrust issues. Shares of Alphabet are down 16% since the start of the year, and the stock was 10% away from its 52-week low of $142.66.

It’s trading at just 17.8 times its trailing earnings, which is modest compared to the average stock on the S&P 500, where the average price-to-earnings (P/E) multiple is nearly 23.

Alphabet is trading at a discount given the uncertainty around its future, but I don’t believe the risk is significant enough to dissuade investors from owning it. A breakup of the business might even unlock value for investors in the long run. And while artificial intelligence may be changing the world of tech, Alphabet is at the forefront of that with its Gemini chatbot.

This is still a massive company that generated $112 billion in earnings over the trailing 12 months. And with high-powered assets such as Google Search and YouTube, it still looks like a fantastic long-term buy.

Merck

Pharma company Merck has been performing a bit worse than Alphabet this year with its shares down 22%. It hit a new 52-week low last week as investors grow concerned about the tariff risk facing the company.

Last month, the company released its first-quarter numbers, which showed a 2% decline in sales for the first three months of the year, with the top line coming in at $15.5 billion. But on top of the troubling top-line performance, Merck also said that it anticipated $200 million in costs as a result of tariffs this year. China is an important market for Merck, putting pressure on the stock recently as China has been hit heavily with tariffs. But the situation is also volatile. On Monday, the U.S. and China both agreed to significantly reduce tariff rates for the next 90 days.

If you’re a long-term investor, however, you shouldn’t worry too much about tariffs because in the grand scheme of things that is likely to be a temporary problem. With Merck stock trading at a P/E ratio of only 11.7, investors are well compensated for the risk and uncertainty that comes with the company. There’s a good margin of safety for investors who are worried about the tariff risk and the growth challenges Merck is encountering.

And the business may not be facing the considerable risks that its discounted valuation may suggest. The company is looking to develop a GLP-1 weight loss drug and is launching a new version of its popular cancer drug, Keytruda, in an effort to offset possible declines in revenue due to a loss of patent protection in the future. There’s reason to remain bullish on Merck’s growth prospects in the long run. And at a discounted price, the stock could be a steal of a deal.

Block

The most beaten-down stock on this list is Block. The fintech crypto stock declined by 34% this year. The company recently reported underwhelming earnings numbers, which sent its shares into even more of a tailspin.

Amid a downturn in the economy, including a potential recession, Block could face some challenges. But in the long run, it can still be in an excellent position to grow. Its point-of-sale devices enable merchants to easily accept credit card payments while its Cash App makes it easy for individuals to transfer money and Bitcoin.

The company has been bullish on Bitcoin and that is now a big part of its business, with Bitcoin-related revenue representing 40% of its top line. The downside is that this can introduce a lot of volatility to its bottom line. In the company’s first-quarter earnings, which ended on March 31, Block incurred a $93 million remeasurement loss related to Bitcoin. That line item weighed on its profits, but if you look at the company’s operating profit of $329 million, which came before that figure, then its earnings rose by 32%.

While there is some near-term risk related to macroeconomic conditions, Block still looks like a strong buy given its modest P/E multiple of 12. And even when factoring in its expected earnings (based on analyst estimates), its forward P/E is still less than 14. For buy-and-hold investors, this can be a solid stock to load up on right now as it should grow along with the economy.

JPMorgan Chase just issued a market update, warning sentiment and macroeconomic data do not support a sustained recovery for stocks.

Mislav Matejka, the head of global and European equity strategy at JPMorgan, says investors appear to be overly bullish on US equities despite elevated recession risks and trade uncertainty, reports Investing.com.

Last month, JPMorgan raised the odds of a global recession from 40% to 60% amid President Trump’s trade war.

Matejka says that, unlike in the past, US stocks are no longer a “good place to hide in” during an economic downturn.

“The actual recession could still be avoided, but if one were to come through, the views by many that it is already in the price could prove to be too optimistic.”

Matejka supports his bearish stance on the S&P 500 by pointing out that US equities are expensive, trading at 21x forward earnings, while growth expectations are too high to account for a potential recession. He also warns the Fed is poised to hold interest rates steady amid mounting inflation expectations, even as the economy shows signs of cracking.

Billionaire Paul Tudor Jones appears to echo JPMorgan’s outlook. In a new CNBC interview, Tudor Jones warns that Trump’s tariffs and a hawkish Fed could drag the stock market below its 2025 low of 4,835 points.

“For me, it’s pretty clear. You have Trump who’s locked in on tariffs. You have the Fed who’s locked in on not cutting rates. That’s not good for the stock market. We’ll probably go down to new lows…

There are taxes, like the largest tax increase since the [1960s]. So you can take 2 to 3% off growth and then you got the Fed who’s, unless they got really dovish and really, really cut, you’re probably going to new lows. And then when we’re at new lows, the hard data will start to follow and it will probably create the Fed to move, create Trump to move and then we’ll get some kind of rally after.”

As of Friday’s close, the S&P 500 is trading at 5,659.

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Bitcoin is now setting the stage for what could become a massive bull run. After surging more than 26% since April 9, BTC is trading firmly above the $90K level, regaining key technical ground and shifting market sentiment. Still, caution lingers. Global tensions, particularly around the escalating trade conflict between the US and China, and broader macroeconomic uncertainty continue to weigh on investor confidence.

Despite these risks, on-chain data paints a compelling picture. Top analyst Axel Adler shared insights on X showing a sharp decline in the number of Bitcoin addresses depositing to exchanges—a potential sign of reduced selling pressure. The 30-day moving average has dropped well below the 365-day average.

Most notably, the current level of exchange-depositing addresses is now comparable to that of December 2016, just before the historic 2017 bull run. If these trends persist, Bitcoin may soon break into price discovery, fueled by long-term holders and renewed institutional interest.

Bitcoin Decouples From Equities As HODL Sentiment Strengthens

Bitcoin is showing signs of macro-level strength as it begins to decouple from U.S. equities. While the S&P 500 and NASDAQ face continued pressure due to mounting global tensions and investor unease, BTC has rallied—reaching a local high around $94,000. This divergence signals a potential shift in market behavior, where Bitcoin is increasingly seen as a hedge or alternative to traditional assets during periods of uncertainty.

One key factor supporting this divergence is the rising conviction among long-term holders. According to Adler’s insights, the number of Bitcoin addresses depositing coins to exchanges has declined steadily since 2022. The 30-day moving average has now dropped to 52,000 addresses, significantly below the 365-day average of 71,000. Historically, this figure hovered closer to 92,000, making the current level one of the lowest in the past decade.

What’s most striking is that today’s numbers resemble those last seen in December 2016, right before Bitcoin’s explosive 2017 bull run. This decline in exchange activity implies that investors are holding, not selling—a trend that has reduced coin sales by a factor of four over the past three years. With selling pressure dropping and investor conviction rising, Bitcoin may be laying the groundwork for a powerful new rally.

Price Action Signals Strength With Key Levels In Sight

Bitcoin is currently trading at $92,300 after posting a strong weekly candle that briefly pushed into the $95,000 level. Bulls have taken control of short-term momentum, and the $95K mark now stands as a key resistance level. A decisive breakout above it could trigger a fast move toward the long-awaited $100K milestone, especially if buying pressure accelerates amid favorable macro signals.

However, analysts also suggest that a healthy retracement may occur before any significant breakout. A pullback could offer stronger technical support for the next leg up, especially if Bitcoin maintains its position above the 200-day moving average and key demand zones.

The $88,500 level is especially important in this context. Holding above this zone would signal short-term strength and continued bullish control, even in the event of a consolidation phase. Falling below it, on the other hand, could delay the uptrend and bring a retest of deeper support.

Overall, BTC’s current structure favors the bulls. But with global tensions and macroeconomic uncertainty still shaping market behavior, traders are watching closely to see if Bitcoin can build on its recent gains and turn $95K into support.

Featured image from Dall-E, chart from TradingView

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Investor Tom Lee says that US equities are still in the middle of a bull cycle after completing a normal price correction.

In a new video update for investors on Fundstrat’s YouTube channel, the firm’s chief investment officer says he’s confident that the S&P 500 has already printed its low, but he just isn’t sure if a quick V-shaped recovery like 2020 will play out or if a 2011-style consolidation will unfold.

Lee says investors’ interpretation of several risks, such as tariffs and inflation expectations, will likely decide the stock market’s next move.

“I think that we’re still in a bull market. I’m just not clear if it’s a V-shaped recovery like 2020 or it’s a range market like 2011.

Intuitively, I’m going to say that it makes sense that we’ve made a bottom, but we’re maybe range bound for a bit. And that’s because people are worried that there are other shoes to drop. The tariff war with China could turn into a cold war. Investors are going to worry about the ripple effects of this shock, leading to a global recession. These are extreme views, by the way.

[Or] that some people are going to worry about a financial crisis from all this deleveraging, and that inflation expectations could surge to an extent that we get ‘greedflation.’ That’s where companies are basically raising prices, and it’s going to force the Fed to hike. And of course, if estimates fall more than 20%, stocks have downside because the stock market already had a 20% drawdown.”

Lee shares a chart showing that only 6% of stocks in the S&P 500 are above their 50-day moving average, and just 19% are above their 200-day moving average. The investor says that historically, the setup has had high win rates for bulls.

“This is the percentage of stocks above the 50-day moving average at the top, and above the 200-day moving average on the bottom. Below 20% is a big deal, because over the last 16 years, the S&P was higher six months and 12 months later. In fact, if you look at three months later, outside of 2022, the stock market was higher three months later every single time, so I think we did make a structural low.”

As of Friday’s close, the S&P 500 is trading at 5,282 points.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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