$60

According to The Block, Standard Chartered Bank has initiated coverage on Morpho for the first time, setting a target price of $60 for its native token MORPHO by the end of 2030, representing a potential increase of approximately 2787%.Geoff Kendrick, Head of Global Digital Assets Research at Standard Chartered, provided annual forecasts in the report: $3.5 in 2026, $11 in 2027, $22 in 2028, $40 in 2029, and reaching $60 in 2030.The report noted that Morpho is the second-largest decentralized lending protocol after Aave, with current deposits in Morpho Markets of approximately $5.5 billion and a scale of about $4.3 billion in Morpho Vaults. Analysts believe that as the total assets in DeFi are expected to grow 37 times by 2030, Morpho is likely to benefit from this.Standard Chartered previously predicted that by 2030, the upside potential for UNI is approximately 34 times, and for AAVE, it is about 38 times.

According to Reuters, GameStop (GME) stated that despite eBay (EBAY) rejecting its acquisition offer of approximately $56 billion in cash and stock in May, the company will continue to push forward with the acquisition plan and will soon release detailed strategic logic and operational integration plans. GameStop CEO Ryan Cohen previously argued that the reason for acquiring eBay is that the merged company would become a stronger competitor to Amazon.Meanwhile, GameStop disclosed that the adjusted EBITDA for the fiscal year 2026 is expected to exceed $600 million, a significant increase from $345.4 million in the fiscal year 2025.

According to Cointelegraph, in the wave of declines in technology stocks, cryptocurrency-related stocks have suffered particularly severe losses, with the divergence from the broader market continuing to widen. Coinbase (COIN) and Circle (CRCL) have fallen 69% and 72% from their respective historical highs, far exceeding the 48% to 57% pullback of mainstream tech stocks like Oracle, Salesforce, Netflix, and Palantir; in contrast, the S&P 500 index has only retreated 3.5% from its recent peak.On the fundamental side, Coinbase's first-quarter performance was significantly below Wall Street expectations, with a 21% quarter-over-quarter decline in revenue and a loss of $1.49 per share, while analysts had previously expected earnings of $0.27 per share. Bitcoin fell below $60,000 this week, down more than 54% from its October peak; Ethereum also dropped to around $1,500, down about 69% from last year's high, with market sentiment continuing to deteriorate.21Shares has lowered its 2026 cryptocurrency market expectations in its mid-year outlook report, believing that the performance of digital asset prices is significantly lagging behind the industry's fundamentals. The institution pointed out that institutional adoption is still deepening, with stablecoins, asset tokenization, and prediction markets maintaining strong development momentum, but the four-year market cycle of Bitcoin remains the dominant force in price trends. The report also acknowledged previous misjudgments—"the cycle of Bitcoin is evolving, but has not yet broken," retracting its earlier assertion that the four-year cycle was outdated.Analysts believe that the deep pullback in cryptocurrency stocks reflects the overall weakness of the digital asset market, the uncertainty of legislative progress in the U.S. cryptocurrency market structure, and the compounded pressure from the potential impact of AI technology on existing business models.

Analyst Murphy stated that there is strong support around $60,000 before and after the expiration of Bitcoin options on June 26, making it difficult to break below that level easily. In the corresponding Gamma chart, the range of $59,000 to $62,000 shows a clear positive Gamma, and the hedging behavior of market makers will suppress volatility, making it easier for the price to be fixed in that area. At the same time, there is a significant accumulation of Put options with a strike price of $60,000, totaling up to 4,620 BTC, forming a strong Put wall that will generate substantial buying power and provide solid support as the price approaches. Historically, when similar options structures have appeared, they often correspond to phase bottoms or the end of pullback stages. Analyst Murphy believes that $60,000 remains a strong support level in the short term and is cautiously optimistic about the short-term market performance.

According to Coinglass data, if BTC falls below $60,927, the cumulative long liquidation intensity on major CEXs will reach $1.049 billion. Conversely, if BTC breaks above $67,131, the cumulative short liquidation intensity on major CEXs will reach $1.001 billion.

According to Coinglass data, if BTC falls below $60,675, the cumulative long liquidation intensity on major CEXs will reach $905 million. Conversely, if BTC breaks above $66,839, the cumulative short liquidation intensity on major CEXs will reach $658 million.

According to Coinglass data, if BTC falls below $60,350, the cumulative long liquidation intensity on mainstream CEX will reach $909 million. Conversely, if BTC breaks above $66,380, the cumulative short liquidation intensity on mainstream CEX will reach $749 million.

According to Coinglass data, if ETH falls below $1,643, the cumulative long liquidation intensity on mainstream CEX will reach $606 million. Conversely, if ETH breaks above $1,799, the cumulative short liquidation intensity on mainstream CEX will reach $325 million.

According to Coinglass data, if BTC falls below $60,310, the cumulative long liquidation intensity on mainstream CEX will reach $1.074 billion. Conversely, if BTC breaks above $66,290, the cumulative short liquidation intensity on mainstream CEX will reach $709 million.

According to Coinglass data, if BTC falls below $60,397, the cumulative long liquidation intensity on mainstream CEX will reach $1.13 billion. Conversely, if BTC breaks above $66,159, the cumulative short liquidation intensity on mainstream CEX will reach $765 million.

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin may have entered a new accumulation zone, but the potential structural bottom of this cycle is still around $48,000. Currently, the seller risk ratio after Bitcoin's adjustment first entered the red zone when it fell below $60,000, indicating that the volume of loss supply has begun to exceed the volume of profit supply, and the unrealized pressure on holders has significantly increased.On the other hand, the Cumulative Value Destruction Day (CVDD) valuation model shows that the structural bottom of Bitcoin's current cycle is around $48,000. Axel Adler Jr. summarized that historically similar zones often correspond to market capitulation phases and bottom formation processes, such as the cycle lows in 2019 and 2023. However, it remains to be seen whether the price can hold the $60,000 area, while the seller risk ratio smooth line continues to rise. Although the price of Bitcoin has rebounded to around $66,000, the market is still at the lower end of the valuation range, and caution is still needed regarding the final confirmation process of the cycle bottom.

The Kanoo family heir Abdulla Kanoo is pushing to migrate a cross-border trade market worth approximately $60 trillion to blockchain infrastructure. Currently, cross-border payments still heavily rely on traditional correspondent banking systems, resulting in long settlement cycles, limited liquidity, and uneven access to US dollars.Kanoo stated that ARP Digital, a digital asset infrastructure company he co-founded, is building a settlement network aimed at facilitating the flow of funds between emerging economies, with the goal of reducing cross-border payment costs and reliance on intermediaries, and accelerating trade financing in the "Global South." According to his estimates, trade between emerging markets will exceed $60 trillion by 2024, accounting for about a quarter of global trade, and is expected to grow to $32 trillion by 2030.

CryptoQuant analyst Axel Adler Jr. stated that the Bitcoin Sell-Side Risk Ratio (SSRR) entered the red zone for the first time when BTC dropped to $60,000, with the volume of losses exceeding the volume of profits, reflecting the deep pressure on holders. Historically, when this indicator enters the red zone, it often coincides with the formation of a bottom.Meanwhile, the CVDD valuation model shows that the structural bottom is around $48,300, a level that has almost never been closed below in Bitcoin's history. Currently, Bitcoin has rebounded to $66,000, and the smoothed SSRR has begun to turn upward. Analysts believe that $60,000 is a behavioral pressure zone, while $48,000 is the boundary for structural risk. The subsequent confirmation of recovery signals is when the smoothed SSRR exits the red zone and the price stabilizes above $60,000; the main risk is the emergence of new red signals at lower levels and testing the $48,000 support. Overall, the market is gradually shifting towards an accumulation pattern.

According to CoinDesk, Coinbase CEO Brian Armstrong stated that he "intuitively believes" Bitcoin (BTC) may have completed a phase of bottoming out around $60,000, but emphasized that there is still uncertainty in the market. In a video posted on social media, Armstrong mentioned that Bitcoin may have formed a phase low around $60,000 and referred to the historical four-year halving cycle, which typically corresponds to market bottom ranges.He stated, "I still have a long-term bullish outlook on Bitcoin and believe the price will be significantly higher in the future." He referred to Bitcoin as "digital gold" and indicated that by 2030, the price could be far above current levels.In this round of market activity, Bitcoin briefly fell to about $59,700 on June 5, and then rebounded to above $66,000, driven by macro-positive factors such as the preliminary peace agreement between the U.S. and Iran and the reopening of the Strait of Hormuz, with a 24-hour increase of nearly 3%. Armstrong's views resonate with those of some on-chain analysis firms.CryptoQuant previously pointed out that Bitcoin has entered a historical value range close to its realized price (about $53,600), but ETF capital flows have not yet stabilized completely, and the demand side recovery will still take time. Analysts generally believe that although the price may be close to the bottom range, "bottoming out" and "trend reversal" are still two different stages that require further confirmation from macro and capital flow data.

Glassnode published an analysis on platform X indicating that its cumulative trend score metric shows that after Bitcoin's price dipped to the $60,000 range in early June, the overall behavior of on-chain addresses has clearly shifted towards accumulation.This metric measures the intensity of accumulation behavior on-chain by combining holding size and recent balance changes, with a value close to 1 representing widespread accumulation and a value close to 0 indicating ongoing distribution.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket market. A large whale invested $60,000 in a single transaction regarding the "Permanent Peace Agreement between the U.S. and Iran" event on "July 31." Based on the current transaction price, the latest corresponding winning probability for this subject is 90.45%.

According to Coinglass data, if BTC falls below $60,593, the cumulative long liquidation intensity on mainstream CEX will reach $1.07 billion. Conversely, if BTC breaks above $66,929, the cumulative short liquidation intensity on mainstream CEX will reach $1.064 billion.

According to Coinglass data, if BTC falls below $60,329, the cumulative long liquidation intensity on major CEXs will reach $1.189 billion. Conversely, if BTC breaks above $66,627, the cumulative short liquidation intensity on major CEXs will reach $1.098 billion.