A single whale bought 1,656 BTC worth about $98.9 million almost exactly at 
this month’s local bottom, then booked roughly $3.5 million in paper profit 
within two days as bitcoin rebounded. Buying the Exact Bottom The purchase 
landed as bitcoin carved out its weakest level of 2026, touching an intraday 
low near $59,100 on June […]

A single whale bought 1,656 BTC worth about $98.9 million almost exactly at this month’s local bottom, then booked roughly $3.5 million in paper profit within two days as bitcoin rebounded. Buying the Exact Bottom The purchase landed as bitcoin carved out its weakest level of 2026, touching an intraday low near $59,100 on June &#8230;

Trader Nails BTC Bottom: Buys $98.9M Bitcoin at $59,734 and Nets $3.5M Profit in Two Days

Despite growing optimism that Bitcoin has reached a cycle low, historical 
cycles suggest another leg down could still be ahead. While rising 
institutional involvement may reduce the severity of the downturn, a chart 
shared by a top crypto analyst suggests the cryptocurrency could still be 
headed for a bottom below $30,000 before a sustained recovery begins. Bitcoin 
Cycle Pattern Points To Possible Deeper Low The analyst explains that Bitcoin 
has followed a repeating pattern across major market cycles, where strong 
rallies are followed by very deep price declines. In previous cycles, Bitcoin 
fell about 83.90% after the 2017 peak and about 77.91% after the 2021 peak. 
These past moves are used as a guide for understanding the current market 
structure. Related Reading: Analyst Calls Out Stagnant Logic Being Used On 
XRP, Predicts When Price Will Rally To $300 In the present cycle, Bitcoin 
climbed above $120,000 during the 2025 bull run before entering a decline. At 
the time of the analysis, the price was in the low-$60,000 range. The main 
point being made is that if Bitcoin were to fall by a similar percentage as in 
earlier cycles, the final bottom could be much lower than current levels. A 
similar type of decline, around 78.92%, would place a potential low below 
$30,000. This is not presented as a prediction, but as a possible outcome if 
the market follows its historical pattern. The analyst also highlights that 
Bitcoin tends to move within a long-term upward channel, with past bear-market 
lows forming near the lower edge of that range. Based on this structure, the 
argument suggests that the market may still be in the middle of its correction 
phase, and a deeper drop is still possible before a final bottom is reached. 
Institutions Change The Equation Yet the analyst does not believe history will 
repeat perfectly. While the chart illustrates that past cycles often erased 
close to 80% of value from their highs, he argues that the market structure 
has evolved. Unlike earlier cycles, the current environment includes 
substantial institutional participation. Large investment firms, exchange- 
traded funds, and corporate treasury allocations have introduced new sources 
of demand that were largely absent during the 2018 and 2022 bear markets. From 
the analyst’s perspective, that growing institutional presence should 
gradually reduce volatility. Related Reading: Pundit Says Dogecoin Is About To 
Do Something Insane, Here’s What For that reason, the analyst expects the 
eventual drawdown to be closer to 50%–60% rather than the historical average 
near 80%. Based on that framework, a bottom of around $52,000 becomes the 
preferred target rather than a collapse below $30,000. The outlook also 
includes a bold forecast that October could mark the beginning of a new bull 
market. For now, the chart presents two competing possibilities. Historical 
cycle behavior suggests a destination below $30,000, while the analyst’s 
adjusted model points to a shallower decline near $52,000. The gap between 
those outcomes highlights the question dominating Bitcoin’s market today: will 
institutional capital rewrite the rules, or will history have the final word? 
Featured image created with Dall.E, chart from Tradingview.com

Despite growing optimism that Bitcoin has reached a cycle low, historical cycles suggest another leg down could still be ahead. While rising institutional involvement may reduce the severity of the downturn, a chart shared by a top crypto analyst suggests the cryptocurrency could still be headed for a bottom below $30,000 before a sustained recovery &#8230;

Bad News For Bitcoin: Historical Lows Show The Bottom Actually Lies Below $30,000

Israeli public support for military presence in Lebanon complicates peace 
efforts, potentially prolonging regional tensions and impacting diplomacy.
The post Israelis push Netanyahu to maintain military presence in Lebanon 
appeared first on Crypto Briefing.

Israeli public support for military presence in Lebanon complicates peace efforts, potentially prolonging regional tensions and impacting diplomacy. The post Israelis push Netanyahu to maintain military presence in Lebanon appeared first on Crypto Briefing.

Israelis push Netanyahu to maintain military presence in Lebanon

edgeX has paid 50% of approved June 2 claims in USDC, with the remaining half 
due in EDGE tokens in April 2027 and claims closing on June 9.

edgeX has paid 50% of approved June 2 claims in USDC, with the remaining half due in EDGE tokens in April 2027 and claims closing on June 9.

edgeX pays half of June 2 losses now, delays rest until April 2027

The drone strikes during SPIEF 2026 highlight vulnerabilities in Russia&#8217;s 
security, potentially deterring foreign investment and impacting markets.
The post Ukrainian drones strike St Petersburg during SPIEF 2026, sending 
smoke plume over Russia&#8217;s flagship economic forum appeared first on Crypto 
Briefing.

The drone strikes during SPIEF 2026 highlight vulnerabilities in Russia&#8217;s security, potentially deterring foreign investment and impacting markets. The post Ukrainian drones strike St Petersburg during SPIEF 2026, sending smoke plume over Russia&#8217;s flagship economic forum appeared first on Crypto Briefing.

Ukrainian drones strike St Petersburg during SPIEF 2026, sending smoke plume over Russia’s flagship economic forum

Iran&#8217;s actions heighten geopolitical tensions, risking global energy supply 
disruptions and economic instability in Gulf regions.
The post Iran blocks key straits, plans strikes on Gulf energy sites appeared 
first on Crypto Briefing.

Iran&#8217;s actions heighten geopolitical tensions, risking global energy supply disruptions and economic instability in Gulf regions. The post Iran blocks key straits, plans strikes on Gulf energy sites appeared first on Crypto Briefing.

Cryptocurrency price in THB

Market Overview