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Crypto Trends

$500M Liquidations Rock Ethereum and Bitcoin: Is the Crash Fueling Whale Accumulation?

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The crypto market faced a brutal correction on Monday, with nearly $500 million in liquidations rattling traders across Bitcoin (BTC) and Ethereum (ETH).

According to CoinGlass data, over 115,000 traders were liquidated as Bitcoin slipped to $115,000 and Ethereum plunged toward the $4,200 danger zone. The cascade was fueled by high leverage exposure, creating a domino effect of forced selling across exchanges.

Bitcoin’s sharp drop erased more than $3,000 in value within hours, pulling major altcoins into the red. ETH fell nearly 5%, while Solana (SOL) and Dogecoin (DOGE) each dropped 4–5%.

XRP tested the critical $3 support level, underscoring the market-wide fragility. Interestingly, Chainlink (LINK) bucked the trend, posting a daily 5% gain despite the turmoil.

Ethereum Faces a Liquidation Cliff

Ethereum appears particularly vulnerable if its price breaks below $4,200. Data from Hyperdash shows that more than 56,000 ETH long positions, worth about $236 million, sit at risk of liquidation near $4,170.

Additional liquidation clusters are positioned around $3,940 and $2,150–$2,160, levels that could amplify volatility if triggered.

Andrew Kang, founder of Mechanism Capital, warned that ETH could fall as low as $3,600 if the liquidation cascade continues. He added that overall ETH liquidations across exchanges could reach $5 billion, potentially driving prices even lower before stabilizing.

ETH’s price losing momentum on the daily chart. Source: ETHUSD on Tradingview 

Bitcoin Whale Accumulation or General Market Breakdown?

Despite the sell-off, some analysts argue the crash may be setting up a whale accumulation phase.

Crypto analyst CrypNuevo noted that Bitcoin recently printed a new all-time high before a sudden $1 billion liquidation event, a move he believes was engineered to flush out retail traders. He suggested that one whale absorbed much of the forced selling, signaling that institutional players may be scooping up BTC at discounted prices.

If whales are indeed accumulating, the dip could serve as a springboard for the next rally once leveraged positions reset and selling pressure eases. However, with geopolitical uncertainty and fragile support levels, traders should remain cautious.

The coming days will determine whether Bitcoin stabilizes above $115,000 and Ethereum holds $4,200, or if another wave of liquidations drags the market deeper into correction.

Cover image from ChatGPT, ETHUSD chart from Tradingview

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Bitcoin news Semler
GameFi Guides

Semler Declares Bitcoin Accumulation War For 105,000 BTC

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Semler Scientific ignited a fresh salvo in the corporate scramble for scarce Bitcoin on Thursday, unveiling a three-year plan to expand its treasury from 4,449 BTC to an eye-popping 105,000 BTC and installing long-time analyst Joe Burnett as its inaugural director of Bitcoin strategy. The California-based healthcare-technology firm said it will seek to own at least 10,000 BTC by December 2025, 42,000 BTC by the end of 2026 and the full 105,000 BTC—worth roughly $11 billion at today’s prices—before 2028.

Bitcoin Corporate Accumulation War Heats Up

The escalation builds on a frenetic 13-month buying campaign that has left Semler holding 4,449 BTC accumulated at an average cost of $92,158 per coin. The company disclosed those figures in early June after purchasing an additional 185 BTC for $20 million through its at-the-market (ATM) share-sale program. News of the aggressive new targets sent SMLR shares 12 percent higher in early Friday trade, briefly reversing a bruising year-to-date slide that had left the stock down more than 50 percent.

“We are excited to have Joe join our Bitcoin strategy team and help drive our three-year plan to own 105,000 Bitcoins,” chairman Eric Semler said in the press statement. “Since adopting the Bitcoin Standard, we have achieved approximately 287 percent BTC yield and a $177 million unrealized gain through June 3.” Burnett, whose résumé spans market-research roles at Unchained and Blockware Solutions, framed the campaign in epochal terms: “We are witnessing the global monetization of Bitcoin as a superior form of money… Semler Scientific is determined to build one of the largest corporate Bitcoin treasuries in the world.”

Semler says it will finance the blitz with a blend of operating cash flow, fresh equity and convertible-debt issuance—a tactic honed over the past year via the $500 million ATM program that has already raised $136 million. That structure mirrors the playbook pioneered by Michael Saylor’s MicroStrategy, now renamed Strategy, whose 592,100-BTC trove remains the sector’s benchmark.

The arithmetic behind Semler’s goal is punishingly steep. At a constant BTC price of $105,000, acquiring 100,551 additional coins would require roughly $10.6 billion—equal to more than 200 times Semler’s trailing-twelve-month revenue.

According to Bitcoin Treasuries, 130 listed firms now sit on a combined 832,597 BTC, or 3.96 percent of the eventual 21-million-coin supply. In Japan, Metaplanet is chasing 210,000 BTC; in the United States, Block and Tesla have resumed steady accumulation. Semler’s 105,000-BTC ambition would catapult it from its current 14th position to the second-largest corporate holder of BTC.

At press time, BTC traded at $104,326.

BTC price, 4-hour chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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Bullish reversal pattern hints at explosive move
NFT Gaming

XRP Ledger activity rises alongside whale accumulation

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The XRP Ledger is seeing a sharp uptick in network activity, with both user engagement and large holder participation on the rise.

In a June 17 post, blockchain analytics firm Santiment reported that the number of daily interacting XRP (XRP) addresses has averaged over 295,000 in the past week.This is a sharp jump from the typical 35,000 to 40,000 seen over the past three months.

Along with the increase in usage, for the first time in the network’s 12-year history, there are more than 2,700 wallets with at least one million XRP. This rise in big holders suggests that high-stakes players are becoming more interested, which is often interpreted as a sign of increased confidence in a network’s prospects.

Over the last seven days, XRP has ranged between $2.10 and $2.32. The token is trading at $2.2373 at press time, up 2.7% in the past 24 hours. Market activity has picked up in the last day, with XRP registering a 248% increase in trading activity.

Coinglass data shows that while open interest has increased by 3% to $4.02 billion, derivatives volume has increased by nearly 300% to $9.57 billion. This suggests a wave of short-term trading activity, with traders entering and exiting positions rapidly rather than building long-term bets.

From a technical perspective, XRP is moving sideways with mixed signals across indicators. It continues to show modest upward momentum above important short-term moving averages, such as the 10- and 20-day EMA and SMA. However, XRP is at a technical crossroads as longer-term averages like the 50-day and 100-day EMAs continue to lean bearish.

XRP price analysis. Credit: crypto.news

At 50.19, the relative strength index is currently in a neutral position. While the Awesome Oscillator is still in negative territory, other momentum indicators like the MACD and Stochastic RSI indicate that volatility is limited. Volume has increased and the price is consolidating close to the middle of its Bollinger Bands, which could result in a stronger move if either bulls or bears gain control.

If buying pressure continues, a break above $2.32 could push XRP toward the next resistance zone. On the other hand, a drop below $2.20 might test support near $2.08. Although the direction is still unknown, the market seems to be getting ready for a bigger shift given the increased ledger activity and the higher number of large wallets holding XRP than ever before.





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Ethereum
Crypto Trends

Ethereum Enters Strategic Pause: Will Accumulation Below Resistance Spark A Surge?

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In a post shared on X by UniChartz, it was noted that Ethereum (ETH) has developed a well-defined bullish structure, characterized by a series of Higher Highs (HH) and Higher Lows (HL), a classic signal of upward momentum. However, after this upward move, ETH has now entered an accumulation phase just below a key resistance zone, suggesting that the market is consolidating before its next potential breakout.

EMA Confluence Zone Retest: Ethereum At Crucial Decision Point

According to UniChartz, Ethereum is currently navigating a crucial technical juncture as it retests the confluence zone of the 50 EMA and 100 EMA, a region that has historically served as a strong area of demand. This overlap of exponential moving averages often acts as dynamic support, and its relevance is further underscored by the Stochastic RSI rebounding from oversold territory, which may signal an incoming shift in momentum.

The analyst suggests that if ETH manages to hold this accumulation zone and support provided by the EMAs, it might open the door to another test of the overhead resistance zone, or potentially, a breakout beyond it. Traders will likely look for volume confirmation and continuation patterns to validate any such upside move.

ETH at a critical juncture | Source: UniChartz on X

On the other hand, a failure to sustain this zone may signal weakness and lead to a deeper pullback, possibly dragging Ethereum toward lower support levels that have previously acted as stabilization zones. This would mark a temporary shift in market structure and attract more selling pressure in the short term.

For now, UniChartz emphasizes that this area remains a critical decision point. The coming price action will be instrumental in shaping Ethereum’s next directional move, and traders should closely monitor whether bulls can defend the EMAs or bears regain control and force a breakdown.

Key Levels To Watch In Event Of An ETH Breakout

In the event of a confirmed breakout above the current accumulation zone and EMA confluence, Ethereum could be poised for a strong upward continuation. The first major level to monitor, which serves as the breakout trigger point, is the immediate $2,858 resistance zone that has capped recent advances.

Related Reading: Ethereum Flashes Bullish Morning Star Candlestick Pattern – Is ETH Rally Getting Started?

A clean move above this area, especially with rising volume, would signal strong bullish intent. Once that resistance is cleared, the next key price level to watch lies near the $3,360–$3,659 range, which previously acted as a short-term supply zone and could present minor friction.

 

Source: ETHUSDT on Tradingview

Pushing beyond that could target the psychological zone around $4,100. If momentum accelerates, $4,863 may act as the next potential upside target.

ETH trading at $2,494 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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Bitcoin Accumulation Continues Despite ATH: Whales Add 78K BTC In 30 Days
GameFi Guides

Bitcoin Accumulation Continues Despite ATH: Whales Add 78K BTC In 30 Days

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Bitcoin is currently trading above the $105,000 level after a volatile retracement from its all-time high of $112,000. Despite the recent price swings, BTC appears to be entering a consolidation phase, finding support at a key demand zone as global markets remain tense. Rising US Treasury yields and escalating macroeconomic uncertainty, particularly related to trade tensions and inflation risks, are weighing heavily on investor sentiment across asset classes, including crypto.

However, Bitcoin continues to show resilience in the face of systemic stress. According to fresh data from CryptoQuant, large holders—those with between 1,000 and 10,000 BTC—have been steadily increasing their positions. Since March 11, when BTC briefly fell below $78,000, this cohort has accumulated an additional 200,000 BTC, bringing their total holdings from 3.3 million to 3.5 million coins. This sustained accumulation by whales suggests that long-term confidence in Bitcoin remains intact, even as the broader market navigates through uncertainty.

With consolidation underway and demand from key players rising, analysts are closely watching for the next major move. Whether BTC breaks out or pulls back further, the underlying accumulation trend signals continued strength behind the scenes.

Bitcoin Faces Market Test As Whale Confidence Remains Strong

Bitcoin is currently navigating a pivotal phase, having dropped over 7% from its all-time high of $112,000. As the asset consolidates near the $105,000 level, investors are closely watching how it reacts to growing macroeconomic uncertainty. Global tensions between the US and China, particularly around trade tariffs, are reshaping market dynamics and injecting volatility across risk assets. Despite this turbulence, Bitcoin remains a standout performer since 2021, outperforming most altcoins that continue to lag behind their previous cycle highs.

What’s notable during this pullback is the sustained confidence shown by large Bitcoin holders. According to an analysis shared by top analyst Darkfost, the supply held by addresses with 1,000 to 10,000 BTC has increased significantly since March 11, when BTC briefly dipped below $78,000. These whales have added 200,000 BTC to their holdings, growing from 3.3 million to 3.5 million BTC in under three months.

Bitcoin Total Balance Change of Large Holders | Source: Darkfost on X

On a shorter timeframe, 78,000 BTC were accumulated in the past 30 days, with 6,000 BTC added in just the last week. While this pace has slowed compared to earlier periods, the trend remains decisively bullish. Even after the May 23 ATH, accumulation continues, indicating that large players are positioning for further upside.

BTC Price Analysis: Testing Support Amid Ongoing Consolidation

Bitcoin is currently trading at $104,430, showing signs of consolidation just above the key support at $103,600 after pulling back from the recent all-time high at $112,000. The chart indicates a clear rejection near the $109,300 resistance zone, which has now been tested multiple times without a successful breakout. Despite the rejection, the price remains structurally bullish as long as BTC holds the $103,600 level, which also aligns with the rising 34-day EMA currently around $102,893.

BTC testing key daily support | Source: BTCUSDT chart on TradingView

Volume has declined slightly during the retracement, suggesting the pullback may be more corrective than impulsive. Meanwhile, the 50-day and 100-day SMAs continue to slope upward, reinforcing a mid-term bullish bias. If bulls can maintain price action above the $103,600 support, a renewed push toward $109,300 becomes likely.

However, a breakdown below $103,600 would open the door to deeper downside risk, with potential targets near the $99,000–$100,000 range where the 50-day SMA offers additional support. Market participants should monitor whether BTC can hold this consolidation zone as macro uncertainty, including rising US Treasury yields and geopolitical tensions, continues to weigh on broader sentiment. Holding current support would signal resilience and set the stage for another breakout attempt in the coming days.

Featured image from Dall-E, chart from TradingView

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Trend Accumulation Score By Cohort (Glassnode)
NFT Gaming

BTC Enters Strongest Accumulation Phase Since January as Bitcoin Price Tops $110K

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Bitcoin

has entered a strong accumulation phase across all wallet cohorts for the first time since January, signaling renewed bullish sentiment as the largest cryptocurrency trades above $110,000, an 18% gain over the past month.

Glassnode’s Accumulation Trend Score has reached its maximum value of 1.0, indicating broad-based, aggressive accumulation by investors irrespective of the amount of BTC they already hold. The metric evaluates the relative strength of buying by different wallet sizes, factoring in both their existing holdings and the amount acquired over the past 15 days. It excludes exchanges and miners to avoid distortion.

The latest accumulation wave began in early May, led by whales holding over 10,000 BTC. As the price began to climb, cohorts with smaller holdings followed, intensifying their accumulation behavior.

This marks a significant shift from the January-to-April period, when most cohorts were in reducing their holdings as bitcoin tumbled from its then-record high of $109,000 to lows around $75,000.

Trend Accumulation Score By Cohort (Glassnode)

The renewed demand is supported by options market activity, with CoinDesk Research highlighting large bullish positions. The $300,000 strike for June expiry has become the most popular call option, with $620 million in notional value, and an additional $420 million is concentrated around the $200,000 strike.

Open Interest By Strike Price (Deribit)

While bitcoin historically tends to fall after hitting an all-time high due to profit-taking, traditional assets like the S&P 500 and gold often extend their rallies in similar scenarios. If bitcoin were to follow this more mature asset behavior, it may signal the beginning of a sustained bull cycle, a trend many in the market are now watching closely.



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