June 5, 2026

This wave of decline is fierce, it’s likely that the main players are well-prepared, using the excuse of MicroStrategy selling coins to wildly dump the market. Honestly, watching assets shrink crazily for several days, it’s hard not to panic, and perhaps this is also the effect the main players are aiming for. If I’m not mistaken, many people are now facing great psychological torment, considering whether to cut their losses and exit.
Bitcoin actually hasn't fallen below 60,000 yet, but today’s violent dump of mainstream assets has caused Ethereum to break below its lowest point since the rebound, falling below 1700, while the bull market’s peak was around $4950. Other mainstream coins are also falling sharply. Based on this trend, next week we might see Bitcoin in the 50,000s, and the entire crypto market will face a huge test.
Honestly, I haven’t planned to reduce my holdings yet; instead, I’m reinvesting what I sold in the past two weeks. My biggest loss is in Ethereum, which perhaps is what faith must endure. The road ahead, honestly, isn’t very clear; for now, I can only rely on my initial conviction to support me. The future of the underlying supercomputers, as a dream, remains to be seen.
Next, there’s pressure on the US stock market. The shortage of crude oil seems to be starting to show up in inflation, and the probability of interest rate hikes continues to rise. Meanwhile, US stocks seem to keep climbing, repeatedly staging a capital frenzy. Next week, SpaceX’s IPO will impact the market—whether it will be a shock or a boost is still unknown. What’s certain is that once US stocks crash from high levels, the market will be devastating. Hopefully, it won’t happen.
Thanks for your attention and likes.