DrKCrypt

Crypto OG since 2013. Survived the rise and fall of many cycles and waiting for the next bull run. Bring it!

[Bitcoin News @BitcoinNewsCom]

According to the Rainbow Chart, this is as bad as the 2022 FTX crash bottom.

We are below the "Fire Sale!" band 👀

[Coin Bureau @coinbureau]

🚨UPDATE: Zcash founder confirms a critical Orchard bug capable of minting unlimited counterfeit zcash:native remained active from May 2022, until it was patched June 1 using Claude Opus 4.8.

[The New York Times @nytimes]

Breaking News: The Supreme Court ruled that the federal Securities and Exchange Commission can recover money that companies and individuals gained illegally, even if the agency is unable to prove that investors suffered a financial loss. https://t.co/3aA10QDWtW

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: Bitcoin is now below the "Fire Sale" territory for the second time in 4 years 👀

Buy the dip 🙌

[CrediBULL Crypto @CredibleCrypto]

Yea it's interesting for sure.

A relatively massive amount of $BTC liquidations on this move down, getting close to rivaling October 10th, but OI actually trending up and significantly higher than the last time we were trading at our local range lows.

Funding has also been generally positive and spot premium also declining since our local highs.

OI here is measured in "coins" but if you measure it in dollars it has decreased by about 20% which is the same amount that price has dropped from our range highs to our lows- which implies that there hasn't really been any major decrease in positioning, despite the significant liquidations.

All seems to suggest longs continued piling into Bitcoin to replace those getting liquidated during the move from our range highs to our range lows which was primarily caused by aggressive spot selling.

The one positive thing to note is that funding over the last couple of days has dropped significantly which could indicate spot sellers tapering off or aggressive short sellers jumping in at our range lows.

Either is a good sign for bulls but will have to see how this data develops in the coming days.

[Coin Bureau @coinbureau]

🚨ALERT: Bitcoin to CRASH toward $53K if this support FAILS.

BTC is now fighting to hold its 200w SMA near $61K.

It's the LAST major support that has marked every BOTTOM:

2015 Mt. Gox.
2018 ICO crash.
COVID crash.
FTX collapse.

If $61K breaks, BTC's next major support could be its realized price near $53K.

Below that, traders may start watching the $50K psychological level.

Will we go UP or DOWN? 🤔

[Coin Bureau @coinbureau]

🚨ALERT: Over half a TRILLION DOLLARS has been wiped from the crypto market cap in just 25 days.

Bitcoin alone lost over $400 BILLION in market value as $BTC touched the $61K level.

[Lookonchain @lookonchain]

JUST IN:

BlackRock recorded net outflows of 30,119 $BTC($1.92B) and 161,829 $ETH($320M) over the past 10 days.

https://t.co/YfaFJXVOID

[CrediBULL Crypto @CredibleCrypto]

When our major alt season happened in 2017 it was after BTC peaked, dropped 50% from the highs, found a floor, and then BOUNCED for it's first major relief rally that we finally saw alts go ballistic (total altcoin marketcap tripled off the lows and made new ATH from this point).

As $BTC approaches 60k, some 50% below prior ATH, many are noticing the relative strength in alts at these levels as BTC melts but many alts hold relatively "steady", sending BTC dominance down in the first significant pullback on BTC dom that we have had in nearly 8 months.

I think once $BTC finds a floor here we may finally see a significant correction on BTC dominance as alts outperform to the upside- just as we saw after the last cycle top in 2017.

The only major difference between the current situation and the one in 2017 was in the former all this took place post blow off top and in the latter we are still missing one (leaving the door open for a "temporary" resurgence in BTC dominance if this were to materialize down the road).

In any case, the predominant narrative from a few months ago of an "endlessly rising Bitcoin dominance as alts go to zero" is slowly starting to show some cracks...

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Crypto markets have officially erased over $2 trillion in market cap since the record high seen in October 2025, now down -48%.

[DEGEN NEWS @DegenerateNews]

NEW: @coinbase ANNOUNCES “PRE-IPO PERPS ARE COMING TO COINBASE” FOR NON-US USERS

“STARTING TODAY WITH SPACEX - NOW LIVE FOR ELIGIBLE USERS OUTSIDE THE US”

“24/7 TRADING. USDC-SETTLED. NO EXPIRY”

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Pattern Day Trader rule officially ends, eliminating the $25,000 minimum for day trading stocks.

[Lookonchain @lookonchain]

JUST IN:

Tom Lee (@fundstrat)'s #Bitmine is down $8.9B on 5,416,901 $ETH ($10.03B).

Michael Saylor (@saylor)'s #Strategy is down $7.6B on 843,706 $BTC ($56.26B).

[Whale Insider @WhaleInsider]

JUST IN: BlackRock deposits 6,005.46 $BTC worth $403.15 million into Coinbase - OnchainLens.

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

In the next few months, four companies are raising over $350 billion in equity.

– Google: $80B of net equity issuance to fund AI capex
– SpaceX: ~$75B IPO at near-trillion valuation
– Anthropic: raising at $965B post-money, up 53x from late 2024
– OpenAI: ~$100B at private market levels

That's a third of a trillion in fresh paper supply from four names alone.

Then there's the second wave.

An Anthropic employee who joined in late 2024 with $100K of equity is sitting on roughly $5.3 million on paper today. There are thousands like them at Anthropic, OpenAI, SpaceX, Databricks, Stripe, xAI.

Every single one is a future seller. At IPO, at lockup expiry, at the next tender. Founders, employees, and the earliest VCs are all trying to convert paper into cash at the same moment in history.

When the people closest to the asset are all sellers at the same time, the question isn't whether the technology works.

The question is who's left to be the bag holder.

This is what an exit liquidity avalanche looks like.

It doesn't crash a market in a day.

It bleeds it for years.

[IncomeSharks @IncomeSharks]

The drone, battery, bitcoin treasury, thermal, space, defense all in one stock that's either not mentioned ever again in a few years or a multi billion dollar company in the making.

[Coin Bureau @coinbureau]

🚨HUGE: Nvidia has officially launched its N1X, marking its debut in the Windows PC processor market, challenging Intel, AMD, Apple and Qualcomm.

“This reinvention of the computer is as big of a deal as the reinvention of the phone into what we now know as the smartphone,” CEO Jensen Huang said.

[Reflection🪩 @0xReflection]

Dot-com bubble is nothing compared to this

[Barchart @Barchart]

BREAKING 🚨: Japan

Japanese Crude Oil Reserves plunge by largest amount in history 📉📉

[Bitcoin News @BitcoinNewsCom]

BITCOIN DEVELOPER BURAK UNVEILS “CUBE” BTC LAYER 2, CALLS IT THE “HOLY GRAIL”

Burak, known for highlighting flaws in Lightning and later creating the Layer 2 called Ark, unveils a new project called Cube.

Cube is a Bitcoin-native execution layer that combines Ark-style unilateral exits, BitVM dispute resolution, and a programmable virtual machine.

The ideas is to bring fully trustless smart contract execution to Bitcoin without bridges, federations, external validators, protocol changes, or custodial risk.

According to the project, users retain unilateral control of their funds at all times through Bitcoin-enforced exit mechanisms, while smart contracts execute optimistically off-chain and settle back to Bitcoin when necessary.

Cube’s architecture combines Ark-style timeout trees for ownership guarantees with BitVM-style challenge mechanisms for computation verification, creating what Burak calls a Zero-Knowledge Time-Locked Contract (ZKTLC).

If it works as designed, Cube would enable generalized programmability without sacrificing self-custody, trustlessness, or Bitcoin’s security model.