Strategy’s tiny sale was not big enough to explain Bitcoin’s correction by itself, but it raised a bigger fear of whether corporate Bitcoin treasuries are still permanent holders.

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	Forwarded this email? Subscribe here for more Bitcoin traders blamed Saylor’s 32 BTC sale but larger selling pressure built elsewhere Strategy’s tiny sale was not big enough to explain Bitcoin’s correction by itself, but it raised a bigger fear of whether corporate Bitcoin treasuries are still permanent holders. Jun 6   READ IN APP   Good to see you this Saturday. Crypto’s next phase is being shaped less by ideology than by who can still build, distribute, and absorb risk. That pressure is now showing up at every layer: Cardano’s founder is openly weighing a chain split to restart commercialization, while Bitcoin’s slide on a hawkish jobs surprise exposed how quickly macro still overrides conviction. The supporting signals point the same way. Traders fixated on Strategy’s small BTC sale, but the bigger issue was whether corporate treasuries remain reliable long-term holders. The global crypto market cap is $2.1 trillion, with a 24-hour volume of $132.1 billion. The price of Bitcoin is $60,898.15, and BTC market dominance is 58.2%. The price of Ethereum is $1,562.48, and ETH market dominance is 9.0%. The best-performing sector is Travel, which gained 4%. The Crypto Fear & Greed Index is currently Extreme Fear (12). 📰 Top News Bitcoin traders blamed Saylor’s 32 BTC sale but larger selling pressure built elsewhere Strategy’s tiny sale was not big enough to explain Bitcoin’s correction by itself, but it raised a bigger fear of whether corporate Bitcoin treasuries are still permanent holders. Cardano founder floats splitting his own blockchain after warning more apps will die Charles Hoskinson floated a proof-of-burn reset after accusing parts of the community of blocking commercialization and starving builders. Bitcoin price craters to $60,000 as BTC bulls get jobs report they were hoping to avoid The May payrolls beat was hawkish enough to pressure crypto, while government hiring and cooler yearly wage growth keep the second interpretation from being one-way. Ad: The Signal Has Returned: Inside Wadoozie, the $WADZ Mission Activating 48 States With a real bus crossing 48 states and 576 Signal Fragments spread online and on the ground, Wadoozie is building a crypto project that treats story as infrastructure. Learn More Buy Borrow Die Guide Series: Capital preservation in practice: how major players use high-LTV crypto-backed loans A practical guide to using high-LTV crypto-backed loans to unlock liquidity without selling, covering LTV, liquidation thresholds, risk monitoring, loan recovery, and cross-collateralized portfolio management. Brought to you by CoinRabbit. 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Crypto Selloff Deepens: Bitcoin Slides, Zcash Crashes, MSTR Under Pressure

Bitcoin nears critical support, Zcash loses half its value, and Strategy faces record unrealized losses. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Bitcoin fell below $62,000 this week as a wave of selling pressure swept through the crypto market, triggering $1.8 billion in liquidations and extending a record streak of spot Bitcoin ETF outflows. Meanwhile, Zcash plunged more than 50% after developers disclosed a critical vulnerability that could have allowed attackers to create unlimited counterfeit ZEC without detection. The revelation pushed ZEC down from 12th to 19th place in the cryptocurrency rankings by market capitalization. Strategy (MSTR) also came under pressure as Bitcoin's decline raised fresh concerns about leveraged BTC exposure and institutional demand. Here's a roundup of what happened in the market this week and the key trends driving the move. 1. Bitcoin posted its steepest decline in months Bitcoin continued its decline this week, falling below $62,000 as bearish momentum accelerated across the crypto market. The selloff intensified after BTC failed to reclaim the $80,000 level and lost several key technical support zones. Analysts are now watching the $60,000 area closely, with some warning that a breakdown could open the door to a move toward $50,000 or lower. Market sentiment was also shaken by more than $1.8 billion in crypto liquidations, persistent spot Bitcoin ETF outflows, and Strategy's first reported Bitcoin sale in years, which was made to fund dividend obligations. 2. Zcash drops out of the crypto top 15 Zcash was one of the week's biggest losers after researchers disclosed a critical vulnerability that could have allowed an attacker to create an unlimited amount of counterfeit ZEC without detection. The token plunged more than 50% in less than a day, falling from around $536 to $263 and dropping from 12th to 19th place in the cryptocurrency market cap rankings. Although developers patched the vulnerability before publicly disclosing it, the flaw had existed since 2022. While researchers say the likelihood of previous exploitation is low, it is currently impossible to prove that no counterfeit ZEC was ever created. The Zcash team is now working on a network upgrade designed to verify the integrity of the coin's supply and restore market confidence. Read Full Article 3. Strategy's Bitcoin sale rattles investors Strategy (MSTR) remained under pressure this week as Bitcoin's decline pushed the company's unrealized loss on its BTC holdings to a record $10.8 billion. The company, which owns more than 700,000 BTC, has seen its Bitcoin position fall roughly 17% below its average purchase price after Bitcoin dropped below $62,000. MSTR shares are now down about 77% from their all-time high and have fallen significantly faster than Bitcoin during the latest market downturn. The losses have also reignited debate around Strategy's financing model, with critics warning that continued weakness in Bitcoin and the company's preferred share products could increase pressure on its balance sheet. Supporters, however, argue that Strategy remains well-positioned to weather the downturn and continue its long-term Bitcoin accumulation strategy. 🚀 Invest in Your Future Grow your portfolio in a more fair and open financial system. Start trading crypto with just $10. Trade on Kraken 👉 Stay Ahead of the Crypto Curve – Follow Us on 𝕏 Our X account is the place to be if you're looking for the latest crypto market updates, news, and the occasional meme. Follow Us Now coincodex.com You have received this email because you have subscribed to coincodex. Download the CoinCodex app: Don’t want to receive these emails anymore? Unsubscribe.  Maistrova ulica 1 Ljubljana 1000 Slovenia