Bitcoin price continues to decline this week, with the recent price at $60,619. Compared to the closing price on November 5, 2024, this represents a drop of about 12.6%. For a short period, Bitcoin price fell below $60,000 for the first time since 2024. This marks a nearly 52% decrease from its historical peak. After Mr. Trump was re-elected in 2024, Bitcoin price rose above $75,000 and peaked around $109,000 in January 2025. However, it then dropped from over $121,000 to $106,000 during a $19 billion liquidation event in the crypto market. In January 2026, Bitcoin ETFs saw a net outflow of more than $1.5 billion. Michael Saylor's strategy also involved selling 32 Bitcoin for about $2.5 million at the end of May. Meanwhile, Mr. Trump declared that he would not let the crypto industry down. The GENIUS Act was signed into law last year, but the Clarity Act has yet to complete the legislative process after passing the committee in May. #NFPBlowout172K #ZECOrchardAuditToday #BTCETHExtremeOversold

Bitcoin's relative strength index has dropped to its lowest level since the 2020 crash, indicating the market is oversold. As this index falls to around 15.5, analysts believe the probability of Bitcoin recovering to $70,000 increases. Historical data shows that after dropping to similar levels, Bitcoin experienced recoveries of about 50% and 30% in 2020 and February 2026, respectively. Currently, Bitcoin is holding a key support level at $60,000 after declining nearly 30% in the past month. If this support remains effective, Bitcoin could rebound to around $70,600 in the coming weeks. However, if it falls below $60,000, it may continue to drop to the mid-$50,000 range #NFPBlowout172K #ZECOrchardAuditToday #BTCETHExtremeOversold

The founder of Grayscale's parent company strongly supports Zcash, arguing that the price decline of this asset should not be mocked. Instead, he emphasizes the importance of focusing on artificial intelligence and quantum risks to enhance the resilience of crypto assets. He believes that risk management and the implementation of technical safeguards are necessary to prepare for future market and technological shocks. His remarks highlight the focus of institutions on the long-term resilience and security of crypto assets, while reminding market participants not to concentrate solely on short-term price volatility and overlook potential systemic risks. Zcash (ZEC) is one of the crypto assets mentioned in this context #NFPBlowout172K #ZECOrchardAuditToday #BTCETHExtremeOversold

Zcash has proposed a new upgrade plan called Ironwood, aimed at restoring the ability to verify the circulating supply of this coin. This plan will allow users to check the accuracy of the circulating Zcash supply in circulation. After discovering a serious vulnerability in the Orchard pool, developers patched the bug and are working on Ironwood to create a new protected pool. This plan will also enhance source code security through AI-supported security audits. Once activated, users will be able to independently verify the accuracy of the circulating supply. However, the upgrade progress will take longer than expected due to the need for development, testing, and ecosystem coordination. The ZEC coin will benefit from this plan by enhancing security and transparency #NFPBlowout172K #ZECOrchardAuditToday #BTCETHExtremeOversold

Nearly four years after Do Kwon was sentenced to prison, some community members remain committed to Terra Luna Classic and hopeful for a "spectacular revival." Although the founder of Terraform Labs was sentenced to 15 years in prison for causing the approximately $40 billion Terra collapse, the Terra Luna Classic chain has not disappeared. A group of community members continues to maintain this network, hoping to create one of the greatest revivals in crypto industry history. They have engaged in activities such as validator nodes, governance proposals, and developer coordination. Despite prolonged internal power struggles and fraud allegations, they still believe LUNC has the potential to return to the crypto industry's top 10. After the 2022 Terra collapse, Terraform Labs launched a new Terra chain via hard fork, while the original chain was preserved and renamed Terra Luna Classic. The Terra Rebels community organization took over maintenance and proposed initiatives, including a 1.2% burn tax, hoping to revive the ecosystem. Although Terra Rebels disbanded and many developers left, the community continues to develop projects like lending protocols, games, and Meme, and is striving to restore the stablecoin peg mechanism. LUNC has increased by 17.3% over the past year but remains down 28.7% since 2022. Community members say the shared pain from the collapse has created a bond like a "family," and price is no longer the sole goal anymore #NFPBlowout172K #ZECOrchardAuditToday #BTCETHExtremeOversold

A major investor made a notable transaction in the cryptocurrency market. Within 30 hours, they borrowed 142 million USDT from the Aave platform and used this amount to purchase 87,680 ETH. The average price per ETH was 1,620 USD. After this transaction, the investor's health factor on Aave dropped to 1.16, with a liquidation price of 1,354.51 USD. This indicates that the investor is accepting a certain level of risk in their trade #NFPBlowout172K #ZECOrchardAuditToday #BTCETHExtremeOversold

Although Bitcoin and Ethereum are experiencing a sharp decline, ETFs tracking the HYPE token of the Hyperliquid ecosystem are attracting significant investment. These ETFs have raised nearly $160 million, sparking a new wave of crypto fever. The Hyperliquid Staking ETF currently manages assets worth $4.5 million. The investment director of a company stated that Hyperliquid's market share is currently only about 1%, with most investors still unfamiliar with the project. Hyperliquid is a decentralized perpetual contract trading platform that provides access to weekend crude oil trading. Analysts believe the biggest appeal of Hyperliquid lies in its unique value recovery mechanism, which makes it easier for traditional stock investors to understand. Spot ETFs are becoming an important bridge between traditional finance and DeFi, helping to increase Hyperliquid's visibility and promote widespread adoption. However, Hyperliquid is still not directly usable in the US, and competition from traditional financial platforms and DeFi may continue to intensify #NFPBlowout172K #ZECOrchardAuditToday #BTCETHExtremeOversold

Serenity, who calls himself the "stock market god," has just responded to many people copying and profiting from his content. He expressed surprise and happiness at this attention, while noting that a micro-economy has formed around his content. Serenity emphasized that all his content is posted for free and that anything inferred from it is public information. He hopes that those intending to charge for it will provide additional value beyond what was originally offered #NFPBlowout172K #ZECOrchardAuditToday #BTCETHExtremeOversold

Mr. Trump just criticized the Iran nuclear deal during the Obama era, calling it "almost equivalent to handing nuclear weapons to Iran." However, nuclear non-proliferation experts point out that this deal effectively limited Iran's nuclear program. The 2015 Joint Comprehensive Plan of Action (JCPOA) succeeded in restricting Iran's uranium enrichment activities and established a strict international inspection mechanism. Former U.S. Energy Secretary Ernest Moniz stated that the most important achievement of the deal was the significant increase in transparency, allowing the International Atomic Energy Agency (IAEA) to conduct unprecedented monitoring of Iran's nuclear facilities. However, after the Trump administration withdrew from the deal in 2018, Iran gradually exceeded the related restrictions, significantly increasing its uranium stockpile and reducing some inspection measures. Currently, Iran's uranium stockpile far exceeds the limits set by the deal, with some uranium enriched up to 60%. Analysts believe that reaching a new agreement in 2026 will be significantly more difficult than a decade ago. Experts from the Arms Control Association argue that a new deal needs to address Iran's nuclear technological advancements and the instability arising from U.S.-Israel military activities and disruptions to inspections #NFPBlowout172K #ZECOrchardAuditToday #BTCETHExtremeOversold

Arthur Hayes, co-founder of a cryptocurrency exchange, is facing criticism for frequent buy/sell recommendations and rapid sell-offs. Recently, he expressed a bullish view on the Worldcoin (WLD) token and set a high price target, but then quickly sold off his holdings. This has sparked discussion about the influence of opinion leaders on the market and the issue of "liquidity de-liquidity." Previously, Arthur Hayes also expressed bullish expectations for tokens like NEAR, HYPE, and ZEC. He stated that his sales were to execute trading goals and not a mistake. However, his actions have raised suspicions about the motives and transparency of opinion leaders in the cryptocurrency market #NFPBlowout172K #ZECOrchardAuditToday #BTCETHExtremeOversold