Bitcoin price prediction: Is Strategy’s 1,550 BTC buy a bullish signal after the crash?

  • Strategy bought 1,550 BTC after a rare 32 BTC sale.
  • Bitcoin is stabilising near $63K after a sharp 20% monthly drop.
  • Analysts split on whether the $60K support will hold or break lower.

Bitcoin has been moving through a volatile stretch marked by sharp liquidations, uneven recovery attempts, and conflicting signals from both technical indicators and institutional activity.

The latest development is Strategy’s decision to purchase 1,550 BTC worth about $101.3 million shortly after a controversial small sale of 32 BTC.

Strategy’s return to accumulation after a rare Bitcoin sale

According to an SEC filing dated June 8, Strategy’s latest purchase of 1,550 BTC was at an average price of $65,332 per coin.

Notably, this followed a short-term sale of 32 BTC, which generated about $2.5 million and was linked to funding corporate obligations, including preferred-share dividend payments.

The sale drew attention because it marked a rare departure from the company’s long-standing accumulation narrative.

Now with the disclosed purchase, Strategy appears to have quickly resumed buying, increasing its total holdings to roughly 845,000 BTC.

The contrast between the small sale and the much larger purchase has become central to market interpretation.

The Michael Saylor’s company remains the largest corporate holder of Bitcoin, and its return to buying after the rare sale has been interpreted by traders as an attempt to reinforce confidence at a time when Bitcoin is still recovering from a sharp drawdown.

Bitcoin stabilises after liquidation-driven crash, but trend remains uncertain

Bitcoin is currently trading around $63,800 after a turbulent week that saw it fall to around $59,300 after failing to hold above $62,00.

Over the past seven days, Bitcoin has declined about 10.9%, while the 30-day drop stands near 20.8%.

At the same time, the market has shown signs of stabilisation after a heavy deleveraging phase.

Open interest in Bitcoin futures has dropped significantly, falling from about 901,000 BTC to roughly 716,000 BTC.

This decline reflects widespread liquidation of leveraged positions rather than sustained new short positioning.

During the same period, Bitcoin briefly rebounded after triggering more than $500 million in short liquidations in a single move.

However, analysts, including Xanrox, have pointed out that the price structure still shows breakdowns from both ascending and descending channels, a technical setup often associated with continued downside risk rather than immediate recovery.

Bitcoin price analysis by Xanrox
Source: Tradingview/Xanrox

Despite this, Bitcoin has held near the $60,000 region, which is also close to its long-term 200-week moving average.

Historically, this level has acted as a key zone during major market resets, making it a closely watched area for both bulls and bears.

Analysts remain divided on whether the crash has ended

Market interpretation remains split between two major views.

One side argues that the recent move represents a late-stage capitulation event.

This perspective is supported by the sharp drop in leverage, falling volatility, and liquidation-driven selling rather than sustained spot demand weakness.

On the other hand, analysts like Xanrox have warned that the breakdown in trend structure suggests the correction may not be complete.

According to this view, Bitcoin could still revisit lower levels if the $60,000 support zone fails to hold consistently.

Potential downside targets in case of a further decline include $54,000 and $52,000, with more extended bearish projections reaching toward the $48,000 area if macro pressure intensifies and ETF outflows continue.

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ZIGChain integrates Ondo tokenized stocks, ETFs to expand onchain access

  • ZIGChain adds Ondo tokenized stocks and ETFs to its ecosystem.
  • Partnership expands onchain access to US financial markets.
  • Rollout begins in phases across selected ZIGChain applications.

ZIGChain announced on Monday that it is integrating with Ondo Finance to bring tokenized US stocks and exchange-traded funds (ETFs) to users across its blockchain ecosystem, expanding access to on-chain versions of traditional financial assets.

The partnership combines ZIGChain’s infrastructure for regulated investment products with Ondo Finance’s tokenized securities platform, extending their shared goal of making publicly traded US assets more accessible through blockchain technology.

According to the companies, the integration strengthens ZIGChain’s broader real-world asset (RWA) ecosystem, which already includes Valdora Finance’s Liquid RWA Vaults and Beehive’s tokenized small and medium-sized enterprise private credit pipeline.

Partnership expands tokenized asset ecosystem

ZIGChain said the integration aligns with its strategy of bringing established financial products onchain rather than creating entirely new investment instruments.

Ondo Finance has developed infrastructure that enables publicly traded US stocks and ETFs to be represented as programmable blockchain-based assets.

Through the partnership, these tokenized products will become available across the ZIGChain ecosystem, with a particular focus on expanding access for users in the Gulf Cooperation Council (GCC) region and beyond.

The companies said the collaboration is designed to provide onchain exposure to institutional-grade financial products while reducing traditional barriers such as intermediaries and minimum investment requirements.

“The next phase of onchain finance is not about replicating access that institutions already have. It is about taking those instruments and making them genuinely accessible to a broader universe of participants, through transparent, scalable onchain infrastructure, without the minimums and intermediaries that have always stood in the way,” said Abdul Rafay Gadit, Co-Founder, ZIGChain.

“Ondo has done the hard work of bringing these products onchain. ZIGChain is the infrastructure through which that reaches a new generation of users. For us, this is deeply aligned with our mission: to make high-quality financial opportunities more open, more programmable, and more globally accessible.”

Ondo aims to broaden distribution

Ondo Finance said expanding access to tokenized securities across new blockchain ecosystems is a core part of its strategy.

The company, which focuses on tokenizing real-world assets, has built infrastructure intended to bridge traditional financial markets with decentralized networks.

Through Ondo Global Markets, investors outside the United States can gain economic exposure to US stocks and ETFs using blockchain-based tokens backed by the corresponding underlying assets.

“Bringing tokenized US stocks and ETFs to new ecosystems and user bases is core to what the Ondo Global Markets platform enables. ZIGChain’s infrastructure gives investors across the GCC onchain exposure to the world’s most in-demand securities, with the execution quality and transparency that institutional markets demand. This is exactly the kind of distribution that expands the reach of tokenized finance where it matters most,” said Oya Celiktemur, EMEA Director, Ondo Finance.

Rollout to begin in phases

According to the announcement, access to Ondo-tokenized products through ZIGChain will be introduced gradually, beginning with selected ecosystem applications and partners before expanding more broadly over time.

The companies noted that the integration does not represent a token launch and does not guarantee investment returns or yield.

Underlying assets are issued by Ondo Global Markets (BVI) Limited, while ZIGChain does not custody the underlying real-world assets.

The partnership comes as blockchain companies continue to focus on tokenizing traditional financial instruments, seeking to combine regulated market exposure with the accessibility and programmability offered by decentralized infrastructure.

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BitMEX co-founder, Arthur Hayes, liquidates all his ZEC, HYPE, and NEAR tokens

  • Hayes exited ZEC after an Orchard privacy bug raised supply doubts.
  • He also liquidated HYPE and NEAR while rotating his portfolio.
  • The Zcash flaw was patched, but future exploitation cannot be ruled out.

Arthur Hayes, co-founder of BitMEX, has fully exited his positions in Zcash (ZEC), Hyperliquid (HYPE), and NEAR Protocol (NEAR).

The decision comes at a time when the crypto market is still digesting the implications of a flaw found in the Orchard shielded pool, a core component of Zcash’s privacy system.

The move has drawn attention across the digital asset space, not only because of Hayes’ profile as a macro investor, but also due to the nature of the vulnerability, which raised questions about the integrity of ZEC’s supply mechanics inside its shielded environment.

Orchard vulnerability triggers uncertainty in Zcash

The trigger for the sell-off was a vulnerability discovered in the Orchard shielded pool, which is designed to enable private transactions on the Zcash network using zero-knowledge proofs.

The issue raised concerns that, under certain conditions, it may have been theoretically possible to create counterfeit ZEC within the shielded system without immediate detection.

While Zcash developers moved quickly to deploy an emergency patch, the core concern was not just the existence of the bug itself, but the inability to verify whether it had ever been exploited before it was fixed.

Because shielded transactions are designed to be private, there is no straightforward way to retroactively audit all activity in a way that could definitively rule out past abuse.

Market reaction was immediate and sharp.

ZEC experienced a heavy sell-off, with its price falling by over 45% during the height of the reaction.

Liquidity thinned quickly as traders rushed to reduce exposure to an asset suddenly carrying uncertainty around its supply integrity.

The incident reignited a long-running debate around privacy-focused blockchain systems.

While zero-knowledge proofs are widely regarded as one of the strongest cryptographic tools available for privacy, they also introduce complexity that can make historical verification of state changes significantly more difficult compared to transparent blockchains.

Arthur Hayes exits ZEC, HYPE, and NEAR positions

Against this backdrop, Arthur Hayes confirmed that he had fully liquidated his ZEC holdings.

Hayes also closed positions in HYPE and NEAR, signaling a broader portfolio adjustment rather than a single-asset reaction.

Hayes described the situation in blunt terms, stating that what he previously referred to as his “Holy Trinity” thesis no longer held.

The key issue for Hayes was not confirmed exploitation. Instead, it was the presence of unresolved uncertainty.

Even with a patch in place, the inability to definitively prove whether counterfeit issuance had occurred prior to the fix created a level of risk he was no longer willing to carry in a privacy asset.

Alongside the ZEC exit, Hayes also liquidated positions in HYPE and NEAR.

While no direct technical link was identified between those assets and the Zcash vulnerability, the simultaneous sell-off suggests a broader repositioning of capital rather than an isolated reaction.

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Cardano extends weekly losses beyond 30% despite community activity surge

Key takeaways

  • Hoskinson clarifies social media break as ADA remains under intense selling pressure 
  • ADA is down 30% this week and could extend its selloff in the near term. 

Cardano fell another 13% on Friday, bringing its weekly losses to more than 30% as investors reacted to comments from founder Charles Hoskinson and broader market weakness.

The decline marks ADA’s fifth consecutive day of losses, despite a notable increase in network activity and community engagement.

Hoskinson clarifies that he is not leaving Cardano

Market anxiety intensified after Charles Hoskinson posted a brief message on social media stating, “I’m taking a break, TTYL,” which some investors interpreted as a potential departure from Cardano and its development ecosystem.

Following the backlash, Hoskinson returned with a live broadcast to clarify that he is stepping back only from public-facing activities and social media engagement, not from his involvement in Cardano or blockchain research.

He emphasized that his focus remains on addressing complex industry challenges such as the blockchain trilemma, while distancing himself from expectations surrounding ADA’s market performance.

“I am not passionate about making the price of ADA go up,” Hoskinson stated during the discussion.

While the market reacted negatively, on-chain and social metrics suggest the Cardano community remains highly engaged.

According to Santiment data, Social dominance climbed to approximately 0.52%, the highest level recorded this year.

Furthermore, daily active addresses surged to 28,459, the strongest reading in roughly four months.

The spike indicates that discussions and network participation accelerated as investors responded to speculation surrounding Hoskinson’s comments.

However, increased activity has so far failed to offset persistent selling pressure.

Cardano price forecast: Technical outlook remains bearish

From a technical perspective, Cardano remains in a firmly bearish trend. ADA continues to trade well below its key long-term moving averages (50-week EMA: $0.4139, 100-week EMA: $0.4967, and 200-week EMA: $0.5095)

Momentum indicators also remain weak. The RSI has fallen to 22, entering oversold territory, while the MACD remains slightly positive but is nearing a bearish crossover.

These signals suggest downside momentum remains dominant despite emerging oversold conditions.

If the bearish trend persists, the next major support level sits near the 61.8% Fibonacci retracement at $0.1274, calculated from Cardano’s 2020–2021 bull market advance.

However, the $0.1500 psychological support could serve as a short-term demand level in the near term. 

ADA/USD 4H Chart

If the bullish trend resumes, immediate resistance would be seen at $0.2345 (50% Fibonacci retracement) and $0.4139 (50-week EMA).

A sustained break below $0.1500 would increase the risk of a deeper correction toward the $0.1274 area, while any recovery attempt would first need to overcome resistance near $0.2345 before challenging longer-term trend barriers.

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Zcash dips 45% after critical orchard pool vulnerability raises counterfeit token risk

Key takeaways

  • ZEC is down 45% and is now trading around $309 per coin.
  • The vulnerability was fixed within days, and findings suggest that actual exploitation of the bug is unlikely.

Zcash Zcash fell sharply on Friday after researchers disclosed a critical vulnerability in its Orchard shielded transaction pool that could have theoretically enabled the creation of unlimited counterfeit tokens.

The price dropped about 45% to $309 with most of the decline occurring shortly after the security disclosure was made public.

Critical flaw found in Zcash Orchard shielded pool

The vulnerability was identified by security researcher Taylor Hornby during an audit commissioned by Shielded Labs, an independent support organization for the Zcash ecosystem.

According to the report, the issue was located in the Orchard circuit, the zero-knowledge proof system that secures private transactions within Zcash’s shielded pool.

The flaw allowed under-constrained inputs in elliptic curve computations, making it possible to pass invalid values as valid proofs

In a test environment, researchers were able to generate an undetectable counterfeit ZEC. The bug has existed since Orchard’s activation in May 2022. The vulnerability was patched on June 1, shortly after discovery.

Despite the severity of the issue, Shielded Labs said there is no clear evidence that the vulnerability was exploited in the wild.

Reasons cited include: The complexity of Orchard’s privacy system obscures transaction tracing, the bug remained undetected for years despite cryptographic scrutiny, and no confirmed anomalies in supply have been identified

However, the organization acknowledged that absolute certainty is impossible due to the privacy-preserving nature of shielded transactions.

ZEC dips by 45%. Will it recover soon?

The ZEC/USD 4-hour chart is bearish and efficient as Zcash has lost 45% of its value in the last 24 hours.

The momentum indicators have flipped bearish, with the RSI of 33 indicating an oversold condition. The MACD lines are also within the negative territory, adding further confluence to the bearish bias.

ZEC/USD 4H Chartsell

If the selloff continues, ZEC could drop below the Friday low of $245 and retest the $200 pychological level.

However, the bounce back above $300 indicates that the selloff could end soon. If the bulls regain control, ZEC could surge towards the first major resistance level at $413, with further hurdles around the $527 zone.

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