Ethereum’s $1,500 test shows how quickly Wall Street’s crypto trade has turned
ETF withdrawals, exchange inflows and options positioning show pressure building around crypto’s second-largest token.
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Charles Hoskinson floated a proof-of-burn reset after accusing parts of the community of blocking commercialization and starving builders.
The May payrolls beat was hawkish enough to pressure crypto, while government hiring and cooler yearly wage growth keep the second interpretation from being one-way.
Zcash developers say the flaw was patched before any known exploit, but the selloff shows how fragile trust can be around money built to stay private.
The liquidation wave cleared crowded long positions, but analysts say Bitcoin still needs ETF stability, fading exchange inflows, and renewed spot demand before the bottom is confirmed.
A broad wave of selling has damaged market confidence, but the growing pile of short bets means bears may supply the next burst of buying.
Bitcoin’s break from the S&P 500 now hinges on ETF flows, AI equity demand, and whether the $66,900-$70,000 shelf can be reclaimed.