Bitcoin keeps falling and Ether even more so because liquidity is being sought and there is distress in the system. Strategy is a target for put options. x.com
Francis Hunt
Trading Education, Hunt Volatility Funnel & Capital Preservation
Ether's price is falling while open interest rises, meaning leverage is building into the dump, a setup that tends to end badly for longs. x.com
Ethereum faces slightly higher near-term selling risk as net inflows raise Binance's sellable ETH supply. Some 55,471 ETH entered and 47,596 left, net 7,875, though both flows have slowed. If inflows persist this week with ETF outflows and high US Treasury yields, pressure could grow around the Fed decision. Rising cumulative ETH 2.0 transactions bode well for network use, not direct demand or relief today. Losing $2,280-2,300 adds downside risk; recovery needs flow and price confirmation. x.com
Ethereum's upside looks worth the bet because the payoff to its prior high is much larger than the downside, and buyers still respond to good news. There is roughly 16% down to $1,950 versus a little over 2x back to the prior all-time high. LIT caught a sharp bid around its US regulatory plans, and CHIP rallied 40% around a $1 million buyback; that response looks like a bull-market sign. x.com
Bitcoin has no floor while the Binance hacker holds about $1.5B in BTC. Spot selling, absent US buyers and forced liquidations add pressure. Frozen stablecoins still leave the hacker with unfreezable ETH. A close below $78.3K puts $77.7K in play; BTC needs to reclaim $80K before a bottom call. Binance confirming full coverage could speed a recovery, while stolen ETH sales or more bad news risk another wave. Wider market weakness usually drives bigger drops. x.com x.com x.com x.com
Ethereum faces further downside as smart money sells into strength during distribution. A move toward $2,070 comes first; a break there puts $1,800 in view, with a possible local bottom near $1,600-$1,700 where liquidity sits. Until that sweep, bounces are for selling; a real reversal comes only afterward. x.com
Bitcoin and Ethereum's pullback is a nothing burger meant to shake people out, and this phase will lead to the next breakout higher. Bears are doubling down on shorts, with open interest rising while funding rates have turned negative. x.com
Ethereum's liquidity is falling further behind Bitcoin's. ETH now has just 35–45% of Bitcoin's liquidity, versus at least 60% in 2025, with median ETH liquidity around $13–14M. x.com
Ethereum looks likely to move down toward a major liquidity cluster around $2,615, since there is very little liquidity above. x.com
Bitcoin and Ether are being bought up on negative news, which is a bullish sign not to ignore. x.com
Ether is rated Avoid in a June 7 ratings update written during the AI-sector crash, in the same bucket as bitcoin, CoreWeave, IREN, Tesla and the SpaceX IPO, while Alphabet, Micron, SanDisk and SK Hynix are rated Strong Buy. x.com