There are still no clear signs of full capitulation in the Bitcoin market
According to analysts, the losses experienced by various groups of investors remain significantly lower compared to the periods when the bottom points of previous bear markets were formed.
Historically, the true bottom points of the Bitcoin market have usually formed after widespread panic, significant losses, and extensive capitulation among investors.
So far, such a painful phase has not fully manifested. For this reason, some experts emphasize that there is still a risk of further decline ahead in the market.
According to recent data, currently 10.5 million $BTC , that is over 50 percent of circulating Bitcoins, are held at a loss. A month ago, this figure was about 30 percent.
Analysts note that the final bottom points of major bear markets in 2011, 2018, and 2022 corresponded to similar periods.
However, historical data shows that in previous cycles, before the market reached the final bottom, the Bitcoin price experienced an additional decline of 15–26 percent.
Major investor sent 43,235 ETH to Binance exchange
According to market observers, a major investor transferred 43,235 ETH to the Binance exchange. The transaction value is approximately 74.68 million dollars.
It is noted that this wallet is currently at a loss of nearly 11 million dollars.
The deposit of a large amount of $ETH to the exchange is usually considered a signal that increases the likelihood of selling. Therefore, this action may put additional pressure on the price of Ethereum.
🪙According to JPMorgan calculations, the current average cost of mining Bitcoin is around $78,000, while the $BTC market price is approximately $63,000.
This means that some miners are operating at a loss. According to analyses, currently one in every five miners is mining Bitcoin at a loss.
To cover expenses, mass mining companies sold more than 32,000 BTC in the first quarter of 2026. This figure is even higher than the total volume of Bitcoin sold throughout 2025.
Sell pressure in the altcoin market has reached the highest level in the last 5 years
According to data, the volume of sales in the spot market has consistently exceeded purchases over the past 15 months. This indicates that investors' interest in altcoins remains weak.
Although the situation seemed to stabilize briefly at the beginning of 2025, the indicator has started to decline again. As a result, sellers continue to dominate the market.
From engineers to kitchen staff — those who have held shares for years have now achieved great wealth. Approximately 400 current and former employees own more than $100 million worth of SpaceX shares.
Top shareholders who benefited the most from the SpaceX IPO:
🟢 Google (Alphabet) — 5% stake → $90 billion 🟢 Founders Fund (Peter Thiel) — 3% stake → $50+ billion 🟢 Prince Alwaleed bin Talal — 0.28% stake → $5.1 billion 🟢 Elon Musk's brother Kimbal Musk — 0.04% stake → $760 million
The company additionally purchased 76,881 $ETH The total value of the purchase is approximately 139 million dollars.
As a result, the amount of Ethereum on Bitmine's balance reached 5,620,754 ETH. At today's prices, this is about 10.2 billion dollars and equals 4.66% of the total Ethereum supply.
Also, the company has staked 4,718,677 ETH it holds, with the value of these assets estimated at about 8.6 billion dollars.
The rise in $ZEC price is becoming costly for some large investors
The ZEC token has recently increased in value by nearly 40%. Against the backdrop of this level of price growth, a major investor was forced to close a short position and recorded a loss of over 3.8 million dollars.
$SUI is one of the strong projects, and I think the minimum price for Sui could be around $0.50~0.40. Maybe it won't even reach that price. In the current situation, I think the best way is to keep doing DCA.
Price hit a key zone. If the 4H candle breaks and closes below the support trendline, the bearish trend continues. If we get a bounce/correction here, it might drop further after a relief rally. Do you think $BTC can hit $65,000?
💎$TON broke the downward trend after correction. For this reason, we can see strong growth today.
Another reason for the growth is that May 27 is the birthday of Ton Blockchain. That is, the mainnet was launched on this day. There is a possibility of some news from Pavel Durov. The market might be pricing it in advance.
Besides, Ton shardchain is likely to increase speed to a level other blockchains cannot achieve, which might be the next step for MTONGA.
This is not trading advice | Investment decisions and responsibility are yours.
$BTC is at a critical point right now. If the $72,000 support zone is broken, we could see a sharp decline. The current situation is not very good. It is advisable to be cautious.
Toncoin (TON): True Valuation, Hidden Risks, and Future Prospects
1. Project Valuation: Is it Undervalued or Overvalued? According to DefiLlama, TON’s core financial metrics stand as follows: TON Price: ~$2.05Market Capitalization: ~$5.51 BillionFully Diluted Valuation (FDV): ~$10.62 BillionDeFi TVL (Total Value Locked): ~$78.11 Million Valuation Analysis: When measured by traditional DeFi standards (specifically the Market Cap / TVL ratio), TON appears significantly overvalued. In classic smart-contract blockchains, TVL is usually much closer to or higher than the market cap, whereas TON’s TVL sits at a mere $78 million. However, there is a crucial caveat: TON is not a classic DeFi blockchain; it is a "Consumer Blockchain." Its primary value does not stem from complex financial protocols, but rather from Telegram's massive 1-billion-user base, Web3 Mini Apps (like Notcoin, Hamster, etc.), and native microtransactions. Therefore, while it seems expensive on paper by standard crypto-metrics, its unparalleled real-world onboarding capacity justifies its premium. 2. Fundamental Analysis: Strengths and Weaknesses Data from TonStat and Ton.org indicates that the network's internal, on-chain fundamentals are incredibly robust: Total Created Wallets: ~53,751,001Daily Active Wallets: ~148,317Daily Transactions: ~3.24 Million Core Strengths: Mass Integration & Seamless Onboarding: TON has effectively solved Web3’s biggest hurdle—user acquisition. Via Telegram’s built-in Wallet, everyday non-crypto users can effortlessly enter the digital asset space.Catchain 2.0 & Scalability: Following a successful upgrade, block times have been reduced to under 1 second. Its dynamic sharding technology allows the network to handle immense transaction spikes without breaking a sweat.Low Inflation Rate: Annual inflation is exceptionally well-managed at ~1.030%. While ~571,109TON is minted daily to reward validators, roughly ~1032 TON is permanently burned through transaction fees. Weaknesses & Risks: Selling Pressure (TON Believers Fund): The most prominent short-to-medium-term hurdle is the Believers Fund, which holds 1.3 billion locked TON. The unlocking process began in October 2025 and is currently dumping roughly ~37 million TON into the market monthly (a process lasting 36 months). This massive supply influx acts as a heavy ceiling for explosive price growth.Centralization & Regulatory Risk: Although technically independent and decentralized, TON's brand equity and ecosystem growth are tightly bound to Telegram. Any regulatory or geopolitical challenges facing Telegram or its leadership directly impact TON's market performance. 3. Is it Worth a Long-Term Investment? $TON is a worthy asset for a long-term (3+ years) portfolio, but the current market environment demands a highly strategic approach. Why is it worth it? It is one of the very few layer-1 blockchains experiencing organic, continuous transaction growth driven by real-world utility rather than purely speculative trading. As the Telegram ecosystem integrates deeper into global retail, TON scales naturally.Investment Strategy: Given the monthly token unlocks from the Believers Fund, deploying a large lump sum right now poses a drawdown risk. The optimal approach is DCA (Dollar-Cost Averaging)—buying in small, consistent intervals over time to smooth out potential supply-driven volatility. 4. Future Expectations & What Problems Does it Solve? According to the Ton.org roadmap, major evolutionary steps are currently rolling out: TON Teleport Bridge: This technology introduces a fully decentralized, secure bridge for Bitcoin and other EVM chains. It aims to inject massive external liquidity (especially from BTC holders) directly into TON, which could exponentially boost its TVL on DefiLlama.TON Pay 2.0: Streamlining instantaneous, frictionless micro-payments for online services, content creators, and merchants natively within the chat interface. What Global Problems Does TON Solve? Global Micro-finance & Borderless Payments: In regions with underdeveloped traditional banking infrastructure (e.g., parts of Africa, South America, and Southeast Asia), TON enables near-instant, virtually free, peer-to-peer capital transfers without borders.Decentralized Web (Web3 Internet): Technologies like TON Proxy and TON Storage target internet censorship and dependency on centralized hosting giants (AWS, Google Cloud) by enabling completely free, immutable websites and data hosting protocols. ⚠️ DISCLAIMER: This content is for educational and informational purposes only and does not constitute financial or investment advice. Trading financial markets involves high risk. Do Your Own Research (DYOR) before making any investment decisions.
Price Range: Following a prolonged decline, $SUI is currently trading within a tight "range" (box) around the $1.07 level. This is often interpreted as an accumulation phase, where institutional or "large-scale" players begin building their positions. Resistance Levels: As seen on the chart, the first significant hurdle is the $1.31 resistance level. If the price manages to consolidate above this line, the next target would be the gray zone at $2.00.
Price Range: Following a prolonged decline, $SUI is currently trading within a tight "range" (box) around the $1.07 level. This is often interpreted as an accumulation phase, where institutional or "large-scale" players begin building their positions. Resistance Levels: As seen on the chart, the first significant hurdle is the $1.31 resistance level. If the price manages to consolidate above this line, the next target would be the gray zone at $2.00.
$TON has shown massive growth recently, driven by Pavel Durov completing three out of seven stages of his 'MTONGA' (Make TON Great Again) plan and Telegram becoming a primary validator for Toncoin. This sparked significant hype across social media, leading to a major pump in Toncoin's price. In my opinion, this is just the beginning—we could see even more growth ahead.