Bitcoin's recent slide toward the $60,000-$62,000 range has pushed 10.46 million BTC into unrealized loss, with underwater supply exceeding coins in profit for the first time this cycle. The MVRV Ratio has fallen to 1.1, while long-term holders have reportedly shifted back to net accumulation, absorbing about 30,000-35,000 BTC over 30 days. The setup resembles prior cycle-bottom conditions, but a durable recovery still depends on sustained demand.

Ethereum (ETH) slid to nearly $1,600 as selling pressure pushed the daily RSI down to 13.96, a capitulation-level reading. Large holders stepped in, including a $55.8 million buy for 35,723 ETH near $1,563, while another investor used $142 million in USDT borrowed from Aave to accumulate 87,680 ETH at an average $1,620. With ETF redemptions still pressuring the market, leveraged demand adds downside risk, including a liquidation area near $1,354.

Over the past three weeks, Bitcoin's institutional demand weakened as U.S. spot Bitcoin ETFs posted about $4.4B in outflows across a 13-session streak, with BlackRock's IBIT exceeding $3.3B. As outflows grew, BTC broke the $80,000-$82,000 area and later moved toward $60,000, while the total crypto market cap fell roughly 15% over the past week to $2.08 trillion. The downturn was amplified by derivatives deleveraging, with more than $1.3B liquidated in 24 hours, including over $1B in long positions.

Cardano’s ADA has fallen toward $0.156 after repeatedly failing to sustain rebounds since its late-2024 peak near $1.30. The drop pushed price below the $0.300, $0.253, and $0.218 support zones, while broader ecosystem indicators such as TVL, transactions, and fees have also declined. Oversold signals may allow a bounce, but a clearer recovery case hinges on reclaiming levels like $0.218 and $0.25 alongside improving network activity.

Ethereum (ETH) has weakened to around $1,740, sitting below an estimated whale realized price near $1,900 and under the Binance listing AVWAP around $1,700. After ETH dropped below $1,550, over 21,540 ETH (about $34.1 million) was liquidated, while roughly $547 million in leveraged positions on Aave and Maker remains at risk. Buyers have been active near $1,550-$1,600, but ongoing whale selling and liquidation-driven supply continue to cap recovery attempts.

Injective (INJ) slipped about 5% after breaking above $6.29 and briefly reaching $7.14, with some short-term holders taking profits as Bitcoin entered a corrective phase. Momentum indicators stayed constructive at press time, and traders are watching whether $6.29–$6.40 can hold as support or if price revisits the $5.80–$6.20 demand areas.

A purported AI-powered crypto trading operation linked to Nathan Fuller is facing SEC scrutiny over claims he raised $12.3 million from investors between 2022 and 2024. The SEC alleges only 3% of the funds went to real trading, while about $6.2 million was used for personal spending and $5.5 million was paid out to earlier investors.

BNB has shifted from weeks of range trading into a breakout after pushing above $700 and rallying to $746.11 before light profit-taking. Market structure now shows $700 turning into support, with indicators such as RSI at 72.4 and price holding above key EMAs. Derivatives positioning has also expanded, with Open Interest at $904 million and positions up 30.5% over 24 hours, increasing both upside momentum and volatility sensitivity.

Hyperliquid's HYPE extended its May advance to a new all-time high of $70.36 after consolidating near $54 and then breaking through several resistance levels on rising volume. A whale deposited $3.12 million in USDC to buy 45,887 HYPE at an average $68.09, while open interest stood at $3.3 billion at press time as Arthur Hayes' $150 target added to bullish positioning.