Cryptocurrency analyst Miles Deutscher made a remarkable assessment about the altcoin season, which altcoin investors are eagerly awaiting, in his latest statement. Deutscher, who claimed that he could predict when the altcoin season would start thanks to the artificial intelligence model he developed, stated that he tested this model by comparing it with previous cycles and that the results were “surprising.” Deutscher recalled that the altcoin seasons in 2017 and 2021 offered increases of 1,000% to 10,000%, and said that such major movements have not yet been seen in the current cycle. He noted that apart from the partial increases experienced in April and November-December of last year, major altcoins generally performed poorly against Bitcoin. According to the analyst, there are several key reasons why this cycle is different from previous periods: Macroeconomic Conditions: While the pandemic-induced stimulus packages in the 2020-2021 period provided serious liquidity to the crypto market, this situation has been reversed in the current environment with the FED's balance sheet reduction policies. Institutional Bitcoin Investments: Bitcoin ETFs and the entry of giants like BlackRock are keeping capital in Bitcoin, which is leading to a weakening of the “capital flow from Bitcoin to altcoins” effect seen in previous cycles. Ethereum’s Weak Performance: Ethereum’s failure to make a strong breakout against Bitcoin is preventing the start of a large-scale altcoin rally. Low Individual Interest: Scandals such as UST, FTX and the losses experienced in the recent memecoin frenzy caused individual investors to move away from the market. Related News: Crypto Users Beware: Hackers' New Methods Have Emerged - What Steps Are Necessary to Prevent the Loss of All Assets? Miles Deutscher stated that the model called Altcoin Rally Score (ARS), which he developed by taking this data into account, consists of four basic indicators that will trigger the altcoin season: Bitcoin Dominance: Bitcoin dominance must fall below 60% and show a decline of 4 points in the 21-day period. Ethereum's Leadership: The ETH/BTC ratio must break above the 200-day moving average and make a new 90-day high. Altcoin Seasonal Index: If this index rises above 40 and rises for two consecutive weeks, it will indicate a broad-based rally. Trends and Individual Interest: Market sentiment, trend momentum, and stablecoin liquidity should show a positive trend. Deutscher predicts that the new altcoin season, which he defines as 3.0, will be shorter and more selective (sector-based) than previous cycles. He cited both the global liquidity crunch and the fact that the supply of newly released altcoins is much higher than in previous years as the main reasons for this. *This is not investment advice. Continue Reading: Experienced Analyst Reveals 4 Essential Conditions for the Mega Altcoin Season
Cryptocurrency prices retreated last week as investors locked profits, Bitcoin ( BTC ) and most altcoins will likely react to the upcoming U.S. consumer inflation data, which will impact the next action by the Federal Reserve. A lower-than-expected inflation figure could pressure the bank to cut interest rates. Some of the top coins to watch will be Flare ( FLR ), Aptos ( APT ), and Pi Network ( PI ). Flare Flare is a fast-growing layer-1 network whose token is valued at over $1 billion. It will be in the spotlight this week as it unlocks tokens worth over $35 million on Monday. In addition, its ecosystem is experiencing strong growth, with the total value locked at $188 million, up from $51 million in January. Also, its stablecoin market cap has jumped to $150 million from $5.2 million in May. The daily chart shows that the FLR token has pulled back in the past few weeks, moving from a high of $0.02220, to $0.018. It has formed a falling wedge, a popular bullish reversal sign. Therefore, it will likely have a bullish breakout, with the target being at $0.0220. Flare price chart | Source: crypto.news Aptos Aptos, a top layer-1 blockchain network, will be in focus this week as it unlocks tokens worth $53 million, equivalent to 1.8% of its float. Also, the market cap of all stablecoins in the network has jumped to a record high of $1.32 billion. APT token has been in a strong downtrend in the past few days, forming a descending channel. It has moved below the 50-day Exponential Moving Average, while the MACD and the Relative Strength Index have moved downwards. Aptos token will likely remain in this range, and possibly bounce back to the upper side of the range at $6. A drop below the lower side of the channel will point to further downside to $3.5. You might also like: Flipping Uniswap, Flopping on Price: PancakeSwap Paradox Aptos price chart | Source: crypto.news Pi Network The Pi Network token will be watched this week for two reasons. First, the network will continue unlocking over 68 million tokens this week, increasing the number in circulation. Second, the token has formed a slanted triple-bottom pattern and a bullish divergence pattern on the eight-hour chart. These patterns are often followed by a bullish breakout, which may happen this week. Pi coin price chart | Source: crypto.new Other crypto tokens to watch this week Other top tokens to watch this week will be Ethereum ( ETH ), Kekius Maximus, and Official Trump ( TRUMP ). Ethereum will be in the spotlight because it has formed a bullish flag and a golden cross, pointing to a rebound. Read more: Bitcoin price stalls as spot ETFs bleed for second week
Over the past three years, bitcoin mining gear has evolved dramatically—from machines cranking out massive terahash to widely available rigs boasting efficiencies under 20 joules per terahash (J/TH). At the World Digital Mining Summit last month, Bitmain pulled back the curtain on a machine delivering over a petahash per second (PH/s) with an energy use
Tether CEO Dismisses IPO Talk Following Circle’s Public Entry Less than a week following Circle’s dazzling NYSE entry, Tether CEO Paolo Ardoino has dismissed the chances of going public with the stablecoin issuer, stating there’s “no need to go public.” On June 7, Ardoino shut down increasing speculation on the possibility of Tether’s IPO by reaffirming the company’s financial autonomy and resilience. Circle stock surged 167% in its NYSE debut on June 5, re-igniting comparisons between the two stablecoin giants. $515 Billion? “A Bit Bearish,” Says Ardoino Ardoino’s comments followed a bold valuation estimate by Artmesis CEO Jon Ma, who claimed Tether could be worth $515 billion if it went public—ranking it among the world’s 20 largest companies. While he called the figure a “beautiful number,” Ardoino suggested it might actually be too conservative. “Maybe a bit bearish considering our current (and increasing) Bitcoin + gold treasury, yet I’m very humbled,” he said. Key Bitcoin influencers like Anthony Pompliano and Jack Mallers believe Tether can potentially reach a $1 trillion valuation. Strategic Investments Reflects Long-Term Vision Tether’s USDT is currently the third-largest crypto by market cap at $154.83 billion. The company has been aggressively expanding into Bitcoin holdings and infrastructure. On April 24, Tether acquired a majority stake in Twenty One Capital, a Bitcoin treasury firm founded by Strike CEO Jack Mallers. The firm, newly formed as it is, is now the world’s third-largest corporate holder of Bitcoin, ranking behind Strategy (formerly MicroStrategy) and MARA Holdings. Billions in Bitcoin on the Move On June 3, Tether transferred over 37,229 Bitcoin—worth approximately $3.9 billion—into addresses tied to the new Bitcoin-native financial platform. The moves illustrate the company’s long-term bitcoin optimism and its strategy of building value off the traditional public market path. “I’m very excited about the next stage of growth of our company,” Ardoino added.
The Federal Reserve’s imminent interest rate decision is poised to significantly influence cryptocurrency market dynamics, with a strong expectation of rate stability in June. Market participants are closely monitoring CME’s
Retail traders are betting against Bitcoin’s rally, but rising short positions could trigger a squeeze. Could bearish sentiment backfire?
The Bitcoin price has continued to impress over this weekend, recovering strongly from the late week blues that saw it fall toward $101,000. From a broader perspective, BTC will be targeting the $110,000 mark and looking to reclaim its all-time-high price. With the premier cryptocurrency already closing in on the $106,000 level, the question is — where is the next obstacle in this recovery journey? BTC Price Faces Significant Resistance Above $106K In a new post on the social media platform X, on-chain analyst Burak Kesmeci revealed two major levels that could be critical to the mid- to long-term trajectory of the Bitcoin price. This analysis is based on the realized price of a specific class of investors known as short-term holders (STH). The Bitcoin short-term holders are known for their reactive and speculative nature, as they are often triggered by sudden price movements. Hence, these investors tend to open and close their positions within a short period. In his post on X, Kesmeci revealed three important levels based on the realized prices of investors within certain unspent transaction output (UTXO) age bands. Specifically, the on-chain analyst highlighted cost bases of investors within 1 week – 4 week ($106,200), 1 month – 3 month ($87,300), and 3 month – 6 month ($97,500) age bands. According to Kesmeci, the Bitcoin price is likely to face significant resistance at around the $106,200 level, where 1-week – 4-week investors have their cost bases. The rationale behind this is that STH at a loss may close their positions when they return to their cost basis, leading to downward pressure and the formation of a resistance level. On the flip side, Kesmeci also highlighted the realized price ($97,500) of short-term investors within the 3-month – 6-month age band as another critical level for the Bitcoin price . The analyst mentioned investors within this class may consider a move towards this realized price as an opportunity to defend their positions, leading to the formation of a support cushion. In essence, this piece of on-chain data suggests that the Bitcoin price might be approaching a major resistance level just above $106,000. If it successfully breaches this level, investors might see the premier cryptocurrency revisit its all-time high of $111,871. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $105,700, reflecting a 1.3% increase in the past 24 hours. According to data from CoinGecko, the market leader is up by more than 1% in the last seven days.
Based on reports, a long-dormant Bitcoin whale made a surprise move this week, snapping up 250 BTC for about $26.37 million. It’s the first time this wallet has shown activity in two years. Related Reading: Bitcoin To Hit $180,000 In 2025? Analyst Highlights The Trigger The purchase has stirred talk among traders and on-chain analysts alike. Some see it as a sign that big players are getting ready for more action in the weeks ahead. Whale Returns After Two Years According to Lookonchain data, the same whale pulled 500 BTC out of Gemini back in 2022 when Bitcoin was trading near $27,400, a move worth nearly $14 million at the time. Now, with BTC hovering around $105,000, the whale’s holdings sit on an unrealized gain of over $39 million. That kind of profit margin grabs attention. Other large holders often watch these moves closely. They wonder if this is the start of a wider trend or just one wallet’s play. A whale that had been dormant for 2 years bought another 250 $BTC($26.37M) 9 hours ago. 2 years ago, this whale withdrew 500 $BTC($13.7M) from Gemini at $27,401, now sitting on an unrealized profit of $39M.https://t.co/c0U92isSfc pic.twitter.com/vcb4V3M0Uz — Lookonchain (@lookonchain) June 8, 2025 Big Gains On Early Bet Early adopters have seen massive upside in Bitcoin over the years. This whale’s 2022 withdrawal came just before a multi-year price boom. Since then, Bitcoin has climbed nearly 300%. Not everyone can make moves like that. Small investors often feel left behind when a wallet this size shifts coins. Still, some traders say it can create a ripple of optimism. When big holders buy, retail traders sometimes pile in, chasing the same gains. Technical Indicators Show Mixed Signals On the charts, BTC seems to be shaping an inverse cup-and-handle pattern with a significant neckline at $100,800 serving as major support. The price has fallen into the handle stage, and a dip below $100,800 could propel Bitcoin to $91,000, which coincides with its 200-day exponential moving average (EMA). Bitcoin’s relative strength index (RSI) is 52, indicating the bullish momentum is fading. A fall below 50 could introduce additional selling pressure. For the bulls to regain control, BTC must recapture the 20-day EMA resistance, which is just above $105,000. Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul Says Market Volatility And Liquidations There were some wild price movements last week fueled in part by social media battles between US President Donald Trump and billionaire Elon Musk. The price of bitcoin fell below $101,000 for a moment, causing close to $1 billion in liquidations across futures markets, before recovering to above $105,000 within hours. The miner capitulation signal was also detected by CryptoQuant’s Hash Ribbons indicator, pointing to near-term pain for worse-off miners, but some potential rallies ahead once they pulled through. Featured image from Unsplash, chart from TradingView
Uber CEO Dara Khosrowshahi says that the ride-sharing and delivery company is eyeing stablecoins as a tool for business. In an interview during the Bloomberg Tech Summit in San Francisco, Khosrowshahi says that Uber is looking at the use cases for stablecoins – cryptocurrencies whose value is pegged to other assets such as the US dollar. “We’re still in the study phase, but I think stablecoin is one of the, for me, more interesting instantiations of crypto that has a practical benefit other than crypto as a store of value. Obviously, you can have your opinions on Bitcoin, but it’s a proven commodity, and people have different opinions on where it’s going.” One stablecoin use case that Khosrowshahi believes could benefit Uber and other companies is its potential to reduce the costs associated with transferring money internationally. “I do think that stablecoin is quite promising, especially for global companies that are moving money around globally to create a mechanism for us to essentially reduce costs in terms of moving money internationally. So that’s super interesting to us. And we’re definitely going to take a look.” Khosrowshani’s statements come following stablecoin giant Circle’s debut as a public company on Thursday. The USDC and Euro Coin ( EURC ) issuer is now listed on the New York Stock Exchange (NYSE) under the ticker symbol CRCL. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Tuso chakma/Salamahin The post Uber CEO Says Stablecoins ‘Super Interesting’ Play for Transportation Giant As Circle Debuts on US Stock Market appeared first on The Daily Hodl .
The escalating feud between Donald Trump and Elon Musk has triggered a notable surge in memecoin trading, particularly impacting Solana-based tokens and shaking up the crypto market dynamics. This rivalry