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- Crypto Saving Expert Newsletter - Issue 147
Crypto Saving Expert Newsletter - Issue 147
Good afternoon! Bitcoin’s taking a breather after a strong rally, and the market’s feeling the tension. Let’s break down bitcoin, altcoin market, and the key levels to keep an eye on this week. 👇
Table of Contents
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Bitcoin Enters Choppy Waters
Bitcoin has begun what could be a potential correction, but is also suggesting what could be a standard dip before rallying higher.
Bitcoin
Bitcoin has dropped from its all-time high to a low of around $103,000. Until now, bitcoin has had no significant pullbacks of 10%+ since the rally began in early April.
The price is currently finding resistance around $106,000, with it selling off each time it comes into that level.
Above there, close to $107,000, there is another level of significant S/R.
In the meantime, the Stonksy channels are proving to be an ever-present value indicator of when bitcoin is seeing relief.
You can learn more about how to utilise the Stonksy channels here: https://youtu.be/TdKbDWLx-XI?feature=shared
Ethereum
Ethereum is witnessing strength in the market, recovering well from its dip.
Stonksy caught the drop perfectly on ETH, and is now in the midst of catching the recovery after turning green.
Get 20% off your first month of Stonksy with code BOT20. Sign up here: https://www.stonksy.io/signup
Chainlink
Chainlink is another example of how superbly Stonksy has traded this most recent move in the market.
LINK dropped all the way down towards $12, with Stonksy riding the short down. Like ETH, Stonksy has turned green on LINK and is riding the pump back to the upside.
Avalanche
Finally, AVAX demonstrates how altcoins are trading similarly in the market.
It has a very similar pattern to LINK, crashing down and currently seeing upward relief.
As shown, Stonksy has captured the big move across the market and provides massive value to users across the indicator and the rest of the package.
Fear & Greed Index
The Fear and Greed Index has slipped slightly from last week following bitcoin’s dip.
The Index scores 64, showing a drop in investor confidence. The Index will likely swing in either direction, potentially shifting deep into Greed or Fear based on the next bitcoin move.
Important Dates
Wednesday 4 June, 12:15 UTC - ADP Employment Change
Automatic Data Processing Inc. (ADP) releases employment change for the US. A higher figure is bullish for the markets dueSolana’s increased employment, which suggests economic strength.
The consensus is set at 115,000, with the previous data coming in at 62,000. Therefore, the ADP expects a slight rise in employment.
Wednesday 4 June, 14:00 UTC - ISM Services PMI
The Institute for Supply Management (ISM) releases this data, with it providing a measure of the US non-manufacturing sector. It is considered positive if the figure is above the 50 mark.
The consensus is set at 52, with the previous data at 51.6.
Friday 6 June, 13:30 UTC - Nonfarm Payrolls (NFP)
The US Bureau of Labour Statistics releases the NFP. This form of data represents the number of new jobs created in the previous month, which will be December and is another signal of economic health.
The consensus is set at 130,000, with the previous data at 177,000.
Gainers
Losers
James Wynn: The High-Stakes Whale Losing His $100m Bitcoin Bet
James Wynn, a notorious high-leverage trader on Hyperliquid, has seen nearly $100m in Bitcoin longs liquidated as BTC dipped below $105k. A cautionary tale in extreme crypto risk-taking.
High-stakes trader James Wynn just lost nearly $100m in a brutal Bitcoin liquidation — here’s how it all unravelled.
TL;DR 🧨
😱 James Wynn, a high-profile trader on Hyperliquid, lost nearly $100m in BTC long liquidations.
🫗 Major positions were wiped out as bitcoin dropped below $105k.
🤔 He still holds a 40x leveraged long with an unrealised $3.4m loss.
🎰 Wynn admits he's "gambling" and warns others not to follow his path.
🩸 Once a memecoin success story, Wynn is now facing a trading catastrophe.
💥 The Liquidation Bloodbath
Once hailed for his memecoin riches, James Wynn is now under the spotlight for slightly different reasons. On 30 May, the crypto whale saw two massive long positions on Bitcoin wiped out, costing him a combined $99.3m.
😨 527.29 BTC ($55.3m) was liquidated as Bitcoin hit $104,950.
😨 421.8 BTC ($43.9m) followed shortly after when BTC dropped to $104,150.
On 29 May, Wynn lost another 94 BTC ($10m) when the price hit $106,330. According to data from Arkham Intelligence and Hypurrscan, he’s now down 949 BTC in total.
📉 What Caused the Crash?
The cascade of liquidations came as Bitcoin fell to $104,630 on Coinbase, with lower dips recorded on other platforms. The sell-off intensified after renewed tariff talk from former President Trump rattled investor confidence.
Just days before the crash, Wynn had increased his 40x leverage long to $1.25bn, opening the trade when BTC was priced at $107,993. As of now, he’s facing an unrealised loss of $3.4m, and the position remains open.
🎰 The "Extreme Degenerate" Speaks
In a moment of brutal honesty, Wynn addressed his risk-heavy approach:
“I do not follow proper risk management... I’m effectively gambling. And I stand to lose everything. I strongly advise people against what I’m doing!”
This wasn’t his first rodeo. Wynn made his name betting big on meme tokens like PEPE, turning a speculative play into millions. But his ultra-aggressive tactics are now catching up with him.
🧠 Matrix Vibes & Market Mayhem
Following his liquidation, Wynn posted a cryptic message on X—a screenshot from The Matrix showing Neo stopping bullets. Whether it signals defiance or denial remains unclear.
For now, Wynn is still holding his 40x BTC position. But with Bitcoin’s volatility and mounting losses, his high-wire act could soon fall apart.
🚨 Final Thoughts: A Cautionary Crypto Tale
James Wynn's recent downfall underscores the danger of high-leverage trading without risk controls. While his memecoin successes turned heads, his current $100m setback is a stark reminder: in crypto, the higher the bet, the more complex the fall.
Ross Ulbricht’s 300 BTC Donation Likely Not a “Self-Donation,” Says Analyst
Ross Ulbricht received a 300 BTC donation traced to questionable sources, but blockchain analyst ZachXBT says it likely wasn’t a self-donation. Other Silk Road wallets still hold millions in dormant Bitcoin.
📌 TL;DR
🔍 Ross Ulbricht received 300 BTC (~$31m) from wallets using the Jambler mixer.
❌ ZachXBT says it’s unlikely to be a self-donation, despite speculation.
🕵️ Wallets involved had flagged addresses and dormant activity going back years.
💰 Other Silk Road-linked wallets still hold over $45m in BTC.
🎨 Ulbricht recently raised $1.8m through an auction of personal belongings.
Ross Ulbricht, the imprisoned founder of the Silk Road darknet marketplace, recently received a donation of 300 Bitcoin (BTC), valued at over $31m, and while its source remains murky, blockchain analysts suggest it likely didn’t come from Ulbricht himself.
Blockchain analytics firm Lookonchain flagged the transaction on 1 June, revealing that the massive sum was sent to a wallet publicly associated with soliciting donations for Ulbricht. The funds were routed through Jambler, a centralised Bitcoin mixing service, sparking social media speculation that the donation could be from a hidden Silk Road stash.
But blockchain sleuth ZachXBT disagrees with that theory.
🧠 “It likely doesn’t appear to be a self-donation as people were claiming, though it comes from questionable sources due to the flagged address,” ZachXBT posted on X (formerly Twitter) on 2 June.
🧬 Source Analysis: Not Ross, But Still “Questionable”
ZachXBT pointed out that Jambler isn’t a common tool among privacy-conscious users — “normal privacy enthusiasts use decentralised mixers,” he said — and that few entities use Jambler at scale.
The analyst traced the Bitcoin’s path back to two dormant addresses:
⚡️ One with exchange activity from as far back as 2014
⚡️ Another flagged in compliance tools and active in 2019
Both sent funds to Jambler between April and May 2025, around the same time the donation was funnelled through the mixer.
📌 “Everyone was accusing Ross of a self-donation, so if anything, this proves it was a donation and not his secret stash,” ZachXBT added, emphasising the activity during Ulbricht’s incarceration.
🏛️ Ulbricht’s Ties to Old Bitcoin Wallets
Despite this donation being unrelated, some wallets linked to Ulbricht or Silk Road still contain large amounts of BTC.
In January, Coinbase director Conor Grogan identified over 430 BTC (~$45m) in addresses tied to Silk Road that have been dormant for 13+ years and never seized by U.S. authorities. His claims were later backed by Arkham Intelligence, which traced 14 addresses, including one with $9m in BTC.
🎨 Auction and Life After Prison
Ulbricht, who served 11 years of a double life sentence before being pardoned by Donald Trump in January 2025, recently held an auction of personal effects to raise funds.
The auction raised over $1.8m worth of Bitcoin and included:
🎒 A sleeping bag and backpack
🥁 A drum and prison memorabilia
🎨 Several paintings created while incarcerated
Ethereum Primed for Massive Rally as Historic Patterns Align
Ethereum is flashing major bullish signals, from gold-style breakout patterns to a repeat of its 2017 fractal. Analysts say $5k–$6k ETH is “easy this cycle” as institutional inflows rise and Solana cools.
Ethereum is flashing one of its most convincing bullish setups in years — and if technical and fundamental signals stay on track, a rally to $5,000–$6,000 could be just around the corner. From repeating its legendary 2017 fractal to mirroring gold’s explosive five-point breakout, the signs are mounting: ETH may be preparing to lead the next leg of the crypto bull market.
📌 TL;DR
🟡 ETH mirrors gold’s five-point breakout — targeting a $6k move.
🔁 Ethereum’s 2017 fractal is repeating with a bigger, more substantial base.
💸 Institutional inflows hit $321m as confidence in ETH surges.
🧊 Memecoin hype cools, allowing ETH to reclaim dominance from Solana.
🟡 Gold Fractal Signals ETH Breakout
Ethereum’s current price structure is closely tracking a multi-year breakout pattern previously seen in gold, suggesting a parabolic move could be near.
CryptoGoos analysts highlight how ETH has traced a near-identical five-point formation:
1️⃣ Two local tops
2️⃣ Two deep pullbacks
3️⃣ A rounded base at the bottom
Gold followed this setup with a 60% rally in early 2024, breaking out from $2,100 to over $3,400. Ethereum is approaching a similar resistance zone between $3,000 and $3,500, potentially setting the stage for a powerful upward move.
🔁 Ethereum Repeating Its Legendary 2017 Fractal
ETH is also showing signs of a fractal pattern, which was last seen during its historic 2016–2017 bull run, according to analyst Crypto Eagles.
Back then, the cycle unfolded in four phases:
1️⃣ A long consolidation
2️⃣ A sharp fakeout
3️⃣ A breakout
✅ A vertical rally
The result? ETH exploded over 1,000% from under $10 to above $1,400. Today’s cycle mirrors this same structure, except with a much larger base and stronger fundamentals. Analysts say a move to $5k—$6k is well within reach.
💬 “The fundamentals are 10x stronger. $5K–$6K easy this cycle,” said Crypto Eagles.
🧊 Solana Cools Off as ETH Regains Strength
Ethereum’s momentum is also benefiting from the fading hype around Solana, which has recently seen reduced trading volumes and bearish technical patterns.
While Solana previously soaked up attention with its memecoin boom, ETH is reasserting dominance:
👉 SOL/ETH pair is weakening
👉 ETH is outperforming majors across several weekly sessions
This shift points to a renewed market preference for Ethereum, particularly as traders and funds rotate back into blue-chip assets.
🏦 Institutions Are Backing Ethereum Big
It’s not just chart watchers who are getting bullish — institutional investors are loading up.
According to CoinShares, inflows into Ether-focused investment products reached $321.4m during the final week of May — the largest of any crypto asset that week, surpassing even Bitcoin.
This surge reflects rising confidence in Ethereum’s future, especially in light of spot ETH ETFs, improved staking clarity, and a growing DeFi ecosystem.
🧠 Final Thoughts
Whether you’re watching historical fractals, market dominance metrics, or institutional flows, the message is clear: Ethereum could be building a case for a major breakout.
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