Bitcoin's recent surge above $103,000 has been met with growing skepticism as top traders warn of a possible price crash to $90,000. Analysts highlight critical support levels, with a breakdown below $98,000 potentially triggering a 15% plunge. Crypto analyst DonAlt describes the current price action as a 'false breakout,' noting that sustained bull markets typically avoid retesting former resistance zones. The bearish outlook is further supported by Bitcoin's MVRV ratio dipping below key thresholds, raising concerns about a deeper correction. As of June 8, 2025, the market watches closely to see if Bitcoin can maintain its upward momentum or succumb to the predicted downturn.
Top Traders Warn Of Bitcoin Price Crash to $90K
Bitcoin's recent rally above $103,000 faces mounting skepticism as analysts flag critical support levels. A breakdown below $98,000 could trigger a 15% plunge to $90,000—a threshold unseen since early May.
Crypto analyst DonAlt describes current price action as a 'false breakout,' noting that sustained bull markets typically avoid retesting former resistance zones. The bearish thesis gains credence from Bitcoin's MVRV ratio dipping below its 200-day moving average—a historical precursor to short-term pullbacks.
Market structure appears increasingly fragile. The $98,000-$101,000 support band now serves as a litmus test for bullish conviction. Its failure WOULD confirm weakening demand at record price levels.
Elon Musk Warns Trump Tax Cuts May Inflate U.S. Debt by $2.4 Trillion, Echoing Bitcoin Advocates
Elon Musk has amplified concerns about U.S. fiscal sustainability, stating that Donald Trump’s tax cuts could exacerbate the national debt by $2.4 trillion. The Tesla CEO’s tweet—"If America goes broke, nothing else matters"—resonates with bitcoin proponents who have long criticized unchecked government spending.
The U.S. debt now stands at $36 trillion, with annual interest payments reaching $1.13 trillion. As faith in traditional finance wanes, investors increasingly turn to Bitcoin and Gold as hedges against potential fiscal collapse. Foreign demand for U.S. Treasuries has plummeted amid record debt rollovers and a $1.9 trillion deficit forecast for 2025.
Musk’s intervention lends credence to the argument that repeated debt ceiling hikes merely postpone inevitable reckoning. The scenario mirrors Bitcoiners’ warnings about fiat system fragility—a narrative gaining traction as institutional interest in crypto surges.
Bitcoin Accumulation Rises Despite Price Weakness—Is a Bullish Divergence in the Making?
Bitcoin's price shows signs of recovery after a sharp decline threatened to push it below $100,000. Despite mounting selling pressure following a failed attempt to breach the $106K-$107K resistance zone, accumulation trends suggest underlying strength. The realized profit metric, which peaked at $3 billion earlier this year before dropping to $250 million, has rebounded to $1.5 billion in May—hinting at renewed investor interest.
Glassnode data reveals a shift from distribution to modest buying across wallet cohorts, indicating sustained demand even during periods of price fragility. Market volatility remains elevated, with Bitcoin twice testing new highs this year before retreating. The current stabilization NEAR $100K could signal the formation of a bullish divergence, where accumulation outpaces short-term price action.
Could Elon Musk “Tank the Dollar” with $100B Bitcoin Buy?
Elon Musk, the Tesla CEO renowned for his market-moving antics, has sparked fresh speculation in the crypto sphere. Robert Leshner, founder of Compound, quipped that Musk might be on the verge of acquiring $100 billion worth of Bitcoin—a move that could dramatically tighten supply and rattle the U.S. dollar.
Musk’s recent criticism of a House tax bill, which he labeled fiscally irresponsible, adds fuel to the fire. Leshner’s tongue-in-cheek suggestion imagines Musk deploying Bitcoin as a hedge against dollar weakness and soaring deficits.
With Bitcoin’s circulating supply already at 19.87 million coins, a $100 billion purchase would likely trigger seismic shifts in liquidity and exchange dynamics. Tesla’s existing Bitcoin holdings only amplify the intrigue.
Metaplanet Launches $5.4B Bitcoin Equity Raise, Targets 210k BTC Holdings
Metaplanet has unveiled Asia's largest Bitcoin-focused equity raise, aiming to accumulate 210,000 BTC through a ¥770.9 billion ($5.4 billion) capital raise. The Tokyo-based firm issued 555 million shares via moving strike warrants, with CEO Simon Gerovich positioning the company among Bitcoin's top ten corporate holders after acquiring 1,088 BTC for $117.5 million this week.
The capital markets push follows Metaplanet's ¥50 billion bond issuance in May and its "210 Million Plan" that raised $650 million in 60 trading days. Warrant pricing adjusts dynamically to market performance, with the initial strike price set at ¥1,388 per share—a premium to recent closes. The structured offering leverages Metaplanet's trading liquidity and volatility to attract institutional capital.
With 8,888 BTC now on its balance sheet, Metaplanet joins MicroStrategy and Tesla in making cryptocurrency a core treasury asset. The six- to ten-month fundraising window coincides with growing corporate adoption of Bitcoin as both inflation hedge and strategic reserve.
Strategy Boosts $STRD Offering to $1 Billion to Fund More Bitcoin Buys
Michael Saylor's Strategy has significantly expanded its capital-raising ambitions, increasing a planned $STRD offering from $250 million to $1 billion. The proceeds will fuel additional Bitcoin acquisitions, underscoring institutional conviction in the cryptocurrency's long-term value proposition.
The company priced 11.76 million shares of its 10% Series A Perpetual Stride Preferred Stock at $85 per share on June 5, 2025. Net proceeds of approximately $979.7 million will support corporate initiatives and expansion strategies, with Bitcoin accumulation remaining a Core priority.
