ZachXBT flagged JuCoin over withdrawal delays and reserve concerns as users 
questioned JuChain stablecoins and past JuDAO incidents.

ZachXBT flagged JuCoin over withdrawal delays and reserve concerns as users questioned JuChain stablecoins and past JuDAO incidents.

ZachXBT flags JuCoin reserves as users report withdrawal delays

Bitcoin’s recent correction continues to shake market confidence, with the 
premier cryptocurrency enduring an intense selling pressure over the past 
several weeks. Since May 15, Bitcoin has steadily declined by 26.8%, with 
price now trading around the cycle bottom at $60,000. Despite the ongoing 
market weakness, it appears the latest decline may have pushed Bitcoin into 
one of its most attractive accumulation zones in years. Related Reading: 
Ethereum Golden Triangle Survives As Structure Remains Unbroken, This Target 
Says $10,000 Is Coming Power Law Model Produces Rare Bitcoin Undervaluation In 
a recent post on X, popular market analyst Darkfost highlighted a significant 
development in Bitcoin’s long-term valuation metrics. According to the 
analyst, the digital asset has now fallen into an extreme undervaluation zone 
based on the widely followed Bitcoin Power Law model. For context, the Power 
Law model is a long-term valuation framework that tracks Bitcoin’s growth 
trajectory. Rather than focusing on short-term price movements, the model 
attempts to measure whether Bitcoin is trading above or below its historical 
trend line. Notably, Darkfost reports that Bitcoin has now dropped below the 
model’s 4% quantile, i.e., the asset is trading at a valuation lower than 
approximately 96% of its historical observations relative to its long-term 
growth path. Historically, these periods below the 4% quantile level have been 
associated with deep market pessimism and heightened investor uncertainty. 
Related Reading: Analyst Who Predicted the Bitcoin Crash Says Price Could 
Reach $40,000, Here’s When Historical Trends Suggest Accumulation Opportunity 
According to Darkfost, periods of extreme undervaluation represent phases when 
investors should gradually increase exposure rather than reduce it. This 
observation is rooted in historical market behavior, where Bitcoin tends to 
rebound after reaching these undervaluation levels, as seen in 2016, 2020, and 
2022. However, it’s worth noting that the Power Law signal should not be 
interpreted as an indication of an immediate market reversal. Instead, the 
Power Law model is designed to assess long-term valuation conditions rather 
than short-term price direction. As a result, investors are encouraged to view 
it through a broader investment horizon and deploy their positions carefully. 
At the time of writing, Bitcoin is valued at $61,592, following a slight 1.95% 
gain in the last 24 hours. Meanwhile, the daily trading volume is down 56.14% 
to $31.21 billion. According to Coincodex analysts, the Fear &amp; Greed Index 
stands at 12, indicating market carnage with extreme fear and a dominant 
bearish sentiment. However, Coincodex analysts predict the market should 
rebound soon, with a projection of $69,489 next month. Featured image from 
Shutterstock, chart from Tradingview

Bitcoin’s recent correction continues to shake market confidence, with the premier cryptocurrency enduring an intense selling pressure over the past several weeks. Since May 15, Bitcoin has steadily declined by 26.8%, with price now trading around the cycle bottom at $60,000. Despite the ongoing market weakness, it appears the latest decline may have pushed Bitcoin &#8230;

Bitcoin Reaches Deep Undervaluation Zone – Time To Get In?

The lapse of New START signals a new era of unregulated nuclear competition, 
heightening global security risks and geopolitical tensions.
The post Russia claims it is no longer bound by nuclear arms limits after New 
START expiration appeared first on Crypto Briefing.

The lapse of New START signals a new era of unregulated nuclear competition, heightening global security risks and geopolitical tensions. The post Russia claims it is no longer bound by nuclear arms limits after New START expiration appeared first on Crypto Briefing.

Russia claims it is no longer bound by nuclear arms limits after New START expiration

Alphabet&#8217;s municipal bond debut could reshape tech financing, prompting other 
giants to explore diverse funding for energy-intensive operations.
The post Alphabet Inc. sees strong demand in municipal bond debut with $1 
billion energy deal appeared first on Crypto Briefing.

Alphabet&#8217;s municipal bond debut could reshape tech financing, prompting other giants to explore diverse funding for energy-intensive operations. The post Alphabet Inc. sees strong demand in municipal bond debut with $1 billion energy deal appeared first on Crypto Briefing.

Alphabet Inc. sees strong demand in municipal bond debut with $1 billion energy deal

The unexpected job surge may delay rate cuts, strengthening the Canadian 
dollar and impacting trade, investments, and crypto markets.
The post Canada adds 88,000 jobs in May, unemployment rate falls to 6.6% 
appeared first on Crypto Briefing.

The unexpected job surge may delay rate cuts, strengthening the Canadian dollar and impacting trade, investments, and crypto markets. The post Canada adds 88,000 jobs in May, unemployment rate falls to 6.6% appeared first on Crypto Briefing.

Canada adds 88,000 jobs in May, unemployment rate falls to 6.6%

Bitcoin&#8217;s price action in June has been marked by heavy selling pressure, with 
the leading cryptocurrency suffering one of its sharpest declines of the year. 
In the first five days of the month, Bitcoin has triggered more than $1.28 
billion in long liquidations as prices plunged toward the critical $60,000 
region. According to the renowned analyst, Bitcoin&#8217;s struggles are part of a 
broader market-wide risk-off move in the US financial markets. In an X post on 
June 6, Adler Jr. explained that the Bitcoin market turmoil began following 
the release of stronger-than-expected US labor market data. The US economy 
reportedly added 172,000 jobs in May, significantly above forecasts of 88,000. 
Generally, rising employment is viewed as a positive economic signal. However, 
with inflationary pressures remaining elevated and energy prices still 
relatively high, investors interpreted the report differently. According to 
Adler Jr., the stronger labor market reinforced expectations that the US 
Federal Reserve is likely to adopt a restrictive monetary policy. Therefore, 
expectations for future rate hikes rose from 40% to 57%. The impact was felt 
across multiple asset classes. In the trading session on June 5, approximately 
$2.5 trillion was reportedly erased from major financial markets, including 
the S&amp;P 500 ($1.14 trillion), Nasdaq ($1.11 trillion), gold ($1 trillion), 
silver ($280 billion), and Bitcoin ($80 billion). Related Reading: Bitcoin 
Testing A Critical Support After Sharp Market-Wide Selloff Bitcoin Remains In 
Danger Of Excessive Leverage Despite Decline Beyond macroeconomic factors, 
Adler Jr. also highlighted the excessive leverage in the Bitcoin market. 
Notably, funding rates have remained positive throughout the decline, 
indicating that traders continued paying premiums to maintain long positions 
even as prices moved lower. Such conditions often signal excessive bullish 
positioning but pose a serious risk of forced liquidations if the decline 
persists. At the same time, Bitcoin open interest remained elevated, as the 
30-day open interest change peaked at 14.1% on June 3, then eased slightly to 
8.4% by June 6. The market expert explains that such movement indicates that 
leverage had accumulated rapidly during the decline before being forced out. 
In other layers of the market, US Bitcoin spot ETFs recorded approximately 
$1.40 billion in weekly net outflows, removing an important source of demand 
to become part of the selling pressure. Meanwhile, Adler Jr. highlights an 
increase in exchange inflows as Bitcoin&#8217;s seven-day exchange netflow average 
climbed to 10,200 BTC on June 2, then retraced to around 6,200 BTC. 
Historically, rising exchange balances are often associated with increased 
sell-side activity. Related Reading: Ethereum Breakdown Warning: This Key 
Level Could Trigger More Downtrend Bitcoin Outlook Hinges On Vital $60,000 
Support At press time, Bitcoin trades at $61,593, reflecting a 1.95% gain in 
the past day. According to Adler Jr., the key market level is $60,000, 
representing the current cycle low. The market analyst states it’s important 
that several market segments, i.e., ETF outflows, exchange inflows, and the 
futures market cool down before a price break occurs below $60,000, to avoid 
another cascading effect. Featured image from Shutterstock, chart from 
Tradingview

Bitcoin&#8217;s price action in June has been marked by heavy selling pressure, with the leading cryptocurrency suffering one of its sharpest declines of the year. In the first five days of the month, Bitcoin has triggered more than $1.28 billion in long liquidations as prices plunged toward the critical $60,000 region. According to the renowned &#8230;

ZachXBT flags JuCoin reserves as users report withdrawal delays

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