Will ETH bounce back soon as whales open $100M worth of leveraged bets?

Key takeaways

  • Ethereum’s ETH is trading above $2,200 after dropping to the $2,100 range on Sunday.
  • Whales have opened $100 million worth of leveraged bets as they predict Ether to bounce back following the United States’ strike on Iran’s facilities.

Whales bet big on Ether’s recovery

Ether, the second-largest cryptocurrency by market cap, lost 14% of its value over the last seven days. The bearish performance saw it hit a low of $2,113 on Sunday. However, it has slightly recovered and now trades at $2,242 per coin.

Despite the uncertainty in the market, Ethereum whales are confident that Ether’s price could soar higher soon. Data obtained from Hypurrscan indicates that one whale opened an Ether long position of over $101 million with 25x leverage at the entry price of $2,247. His position stands to be liquidated if Ether’s price falls below $2,196.

While this whale is opening long positions, HyperDash revealed that 64% of the industry’s most successful cryptocurrency traders are currently shorting the world’s two largest cryptocurrencies, while only 36% remain long.

ETH could drop to $1,887 if bulls fail to defend the $2,100 support level

The ETH/USD pair is at a critical level, with bulls and bears battling for control. After holding the support level at $2,100 over the weekend, the bulls are confident that ETH could rally towards the transactional liquidity at $2,500 in the near term.

ETH/USD chart

However, the technical indicators show that the pair remains bearish. The MACD is still within the negative territory, while the RSI of 33 shows that ETH is still facing selling pressure from investors.

If the bearish trend continues, ETH could test the support level around $2,100 once again. Failure to hold this support level could see ETH hit the $1,887 mark for the first time since May.

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Avalanche price prediction: AVAX could retest $15 before recovery

Key takeaways

  • AVAX is trading above $17 per coin after hitting the $15.90 mark on Sunday.
  • Despite its recovery, AVAX could retest the $15 low before surging higher.

AVAX surges 2% as broader market recovers

The cryptocurrency market is having a positive start to the week following a bearish weekend. Bitcoin, ETH, AVAX, and other major cryptocurrencies have bounced back from yesterday’s lows and could rally higher soon.

AVAX, the native coin of the Avalanche blockchain, has added 2.5% to its value over the last 24 hours, making it one of the top performers among the top 20 cryptocurrencies by market cap.

At press time, the price of Avalanche stands at $17.11 and could rally towards $20 soon. However, the market could retest the $15 low as the bearish trend is still in play. Its performance could depend on the broader crypto market and the ongoing crisis between Israel and Iran.

AVAX could test $15 before rallying higher

The AVAX/USDT 4-hour chart shows that the pair is still bearish despite the recent recovery. The pair could test the $15 low soon before rallying higher.

The relative strength index (RSI) of 45 shows that the bears remain in control, but the pair could be heading into neutral territory. The MACD is also within the negative region thanks to the bearish sentiment.

AVAX/USDT 4H chart

If the bullish trend continues, AVAX could target the 4-hour internal liquidity level at $17.58 in the coming hours. An extended bullish run would enable AVAX to hit the $20 mark for the first time since June 16th. 

However, the technical indicators remain bearish, suggesting that AVAX could still dip lower. AVAX could test the support level at $14.61 soon if the bearish momentum on the higher timeframe holds. Failure to defend the support level at $14.61 could see AVAX hit the $12 mark for the first time since November 2023.

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Bitcoin Pepe price to jump soon as another firm plans major BTC purchases

  • With institutional adoption increasing, major cryptos are becoming less attractive to investors seeking outsized returns.
  • These investors are increasingly looking toward early-stage tokens such as Bitcoin Pepe.
  • The project’s presale has raised over $15.3 million.

Bitcoin (BTC) dropped to a six-week low late Sunday, briefly falling below $98,500 after a US airstrike on Iranian nuclear facilities over the weekend heightened geopolitical tensions.

Risk assets came under pressure as markets responded to the escalation.

However, the dip below the $100,000 mark proved short-lived. BTC rebounded during early Monday trading, recovering to around $101,841 at the time of writing.

Bitcoin now trades near the key psychological threshold of $100,000. A decisive close below that level could signal further downside, with the next support near Sunday’s intraday low of $98,200.

In this volatile environment, institutional adoption remains a bright spot, with more firms looking to expand their exposure to digital assets.

As institutional participation increases, top-tier cryptocurrencies are becoming less attractive to investors seeking outsized, asymmetric returns.

This shift is drawing renewed interest toward early-stage tokens such as Bitcoin Pepe, which are capturing risk-on capital.

With traders pivoting to more speculative corners of the market, assets like Bitcoin Pepe are emerging as key beneficiaries of the current momentum.

Grant Cardone’s firm buys Bitcoin

Real estate mogul Grant Cardone has announced Cardone Capital’s first Bitcoin purchase, marking the firm’s entry into a digital asset treasury strategy.

Cardone Capital has added 1,000 Bitcoin (BTC), valued at approximately $101 million at current market prices, to its balance sheet.

“First ever real estate/Bitcoin company integrated with full BTC strategy,” Cardone said in a post on X, describing the move as a combination of “the two best-in-class assets,” real estate and Bitcoin.

He also indicated plans to add another 3,000 BTC to the firm’s holdings later this year.

With this initial purchase, Cardone Capital surpasses mining firms Core Scientific and Cipher Mining in terms of Bitcoin holdings, according to data from BiTBO.

Founded in 2017, Cardone Capital is a private equity real estate firm that pools investor capital to acquire multifamily residential properties.

The firm currently manages more than 14,000 units and has an estimated $5.1 billion in assets under management.

Bitcoin Pepe price outlook

While Bitcoin grapples with short-term volatility, its growing institutional adoption continues to underpin overall market sentiment.

At the same time, investors are rotating back into high-beta segments of the crypto market, with meme coins witnessing a renewed wave of inflows.

Among the most prominent is Bitcoin Pepe, which has set itself apart by blending meme-driven appeal with a Layer 2 infrastructure narrative.

Unlike conventional meme tokens that rely solely on viral traction, Bitcoin Pepe positions itself as the first meme-centric Layer 2 built on the Bitcoin network, seeking to deliver scalability and speed similar to Solana while anchored to Bitcoin’s base-layer security.

The project has also secured strategic partnerships with Super Meme, Catamoto, and Plena Finance, aimed at supporting the broader utility and adoption of its ecosystem.

Bitcoin Pepe’s presale has so far raised over $15.3 million, with its BPEP token priced at $0.0416.

A price increase is imminent, with the next tier triggered once the presale hits $15.54 million in total funding.

The token is slated for listing on MEXC and BitMart, with expectations that these will provide improved liquidity and visibility.

An additional listing announcement is expected to be announced on June 30, further fueling investor interest as the presale nears completion.

With risk appetite returning and meme coins back in focus, Bitcoin Pepe appears well-positioned to benefit from both speculative momentum and a more structurally grounded product narrative.

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HYPE price forecast: HYPE could rally to $40 as market recovers

Key takeaways

  • Hyperliquid’s HYPE outperforms the other major cryptocurrencies, adding 5% to its value in the last 24 hours.
  • Bitcoin is trading above $101k, with HYPE now eyeing the $40 resistance level in the near term.

BTC, HYPE, Others Begin Recovery

The cryptocurrency was extremely bearish over the weekend, with Bitcoin dropping below the $99k level on Sunday. However, the market has begun to recover, with Bitcoin now trading above $101k.

HYPE, the native coin of the Hyperliquid ecosystem, dropped to $31 on Sunday but is now trading at $35.40 per coin. If the bullish momentum is sustained, HYPE could rally towards the $40 resistance level in the near term.

Hyperliquid’s HYPE has been one of the top performers over the last 12 months. The coin added 1,000% to its value during that period and quickly rose to become the 11th-largest cryptocurrency by market cap. 

HYPE’s price action remains interesting and it remains to be seen if it would challenge Cardano for the number 10 spot in the market. 

Is HYPE heading towards $40?

HYPE has lost 21% of its value since hitting a new all-time high of $45 seven days ago. With the broader market bearish, HYPE has lost some of its value. However, the $HYPE/USDT pair could be heading to the $40 resistance level if the bulls continue with their recent rally.

The HYPE/USDT 4-hour chart shows that the MACD is still within the negative zone but could be heading into the positive area soon. The RSI of 48 also shows that HYPE is heading into the neutral zone, indicating buying pressure.

HYPE/USDT 4H chart

If the bullish recovery persists, HYPE could look to test the first resistance level at $38.50 in the coming hours or days. The coin could rally towards the $40 level in the event of an extended bullish performance. However, the ongoing crisis in the Middle East continues to significantly impact the broader cryptocurrency market’s performance.

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Story (IP) price jumps as whales buy 16 million tokens

  • Story (IP) token price surged 15% to above $3, driven by Bitcoin’s recovery and whale accumulation.
  • Two major whales acquired 16 million IP tokens worth $47.52 million, indicating strong investor interest.
  • Analysts predict IP could retest the $4-$5 supply wall.

Story (IP) is trading above $3 after surging 15% in 24 hours amid notable market turmoil.

This IP price surge comes in the wake of Bitcoin’s recovery from its recent lows of $98,500, which happened amid rising geopolitical tensions.

But with BTC back above $101k, market sentiment sees Story protocol token IP up.

Commenting on the current market outlook, crypto analyst IncomeSharks said:

Want to know why so many are bearish? It’s in the charts. We saw institutions, hedgefunds, and retail all start selling or shorting the local bottom. Then we had a violent V shape recovery which has squeezed or sidelined most. The FUD has started with moodys, tariffs, war, etc.

Whales buy Story (IP) dip

Recent data from blockchain analytics firm Lookonchain highlights a substantial accumulation of Story (IP) tokens by two major whale addresses.

Whale 0x9921 has amassed 6 million IP tokens, valued at approximately $17.82 million, while whale 0x9057 has acquired 10 million tokens, totaling $29.7 million.

Together, these transactions represent a collective purchase of 16 million IP tokens, worth $47.52 million, executed in recent days.

The blockchain records reveal multiple successful coin transfers to these addresses, with values ranging from 2.5 million to 3 million IP per transaction, accompanied by negligible fees.

This is not the first instance of significant whale interest in IP. Earlier this year, exchanges reported an outflow of $4.67 million worth of IP tokens.

As then, this suggested prior accumulation by large investors.

Those purchases preceded a 40% price surge, mirroring the today’s bounce despite broader market’s fading bullish momentum.

The recent whale activity, coupled with a 12.8% daily price increase, underscores a pattern of strategic buying during dips, potentially positioning IP for further gains.

Story price forecast

Market analysts attribute trader optimism to IP’s ranking as a top 100 cryptocurrency by market cap, with a value of $896 million.

The project’s focus on intellectual property asset management is fueling interest.

Based on current whale activity and a bullish market outlook, IP price could target resistance in the $4.00-$5.00 region.

However, if prices flip negative, the altcoin could revisit support levels at $2.75 and $2.50.

Analysts at Sentiment point to what traders may pay attention to in the short term.

IP price hovered around $3.09 at the time of writing. Daily trading volume was up more than 100% to over $46 million. Meanwhile, open interest stood at over $71 million.

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