Bitcoin is flashing a curious mix of stress and accumulation as momentum indicators grind to historic lows while on-chain data shows steady purchasing across a broad spectrum of holders. With the daily and two-week RSI at unprecedented lows, analysts say the brewing combination could shore up a long-term buying thesis even as near-term volatility persists.

Over the past two months, wallets holding 1,000–10,000 BTC have added roughly 53,000 BTC, underscoring sustained demand among larger, non-retail investors. At the same time, smaller retail participants have been stepping up, supporting a broader-based accumulation narrative that several observers describe as the strongest signal for a secular BTC bid in years.

Key takeaways

• Bitcoin’s lowest readings ever on the two-week and daily RSI coincide with ongoing on-chain accumulation across multiple investor cohorts.
• Smaller holders are among the most active buyers, with the Accumulation Trend Score pointing to the highest activity among wallets under 0.1 BTC (0.78) and those in the 10–100 BTC range (0.71), according to Glassnode data via CryptoQuant.
• Over 60 days, large collectors in the 1,000–10,000 BTC band added 53,042 BTC, while mid-sized wallets (100–1,000 BTC) added 12,233 BTC and 10–100 BTC wallets added 1,283 BTC. In contrast, the largest address class (>10,000 BTC) reduced holdings by 39,840 BTC, and some 1–10 BTC addresses trimmed exposure.
• Analysts frame potential bottom zones using price-structure tools: a quarterly fair value gap (FVG) spanning roughly $56,800 to $44,600 could prove pivotal if downside pressure resumes.
• Long-term valuation signals from the CVDD method suggest a floor around $46,000, with a potential bottom in the $52,000–$59,000 range if the pattern repeats from prior cycle lows.

BTC accumulation grows across key cohorts

Prominent crypto strategist Michael van de Poppe underscored Bitcoin’s troubling momentum readings as a rare but potentially constructive setup for the patient investor. “The lowest Bitcoin read on the 2-Week RSI, and Daily RSI EVER. That’s the best thesis for accumulating and buying your Bitcoin,” van de Poppe said, noting that panic-driven selling could persist but may yield meaningful buying opportunities for long-horizon participants.

On-chain signals bolster the case for a broad-based accumulation narrative. Glassnode’s Accumulation Trend Score—arranged in part through CryptoQuant’s dashboard—highlights the strongest buying activity among smaller holders and select mid-sized investors. Wallets with less than 0.1 BTC carry a score of 0.78, the highest among tracked cohorts, while the 10–100 BTC cohort sits at 0.71, indicating consistent purchasing pressure spread across these groups.

Meanwhile, activity among larger holders presents a mixed picture. In the last 60 days, wallets holding between 1,000 and 10,000 BTC added 53,042 BTC—the largest increase observed across the cohorts. The 100–1,000 BTC band contributed another 12,233 BTC, and the 10–100 BTC tier added 1,283 BTC. This pattern suggests sustained demand from both notable non-whale actors and a broad swath of mid-sized holders.

Yet the largest entities pulled back. Addresses with more than 10,000 BTC reduced balances by 39,840 BTC in the same timeframe. The smaller 1–10 BTC group also trimmed exposure, painting a nuanced picture: whales below the top tier remain engaged, while larger holders weighed the current price action differently. Taken together, the data points to a mixed but constructive on-chain stance where non-whale and retail accumulation sits alongside selective whale activity.

Bottom prospects and price-structure signals

Beyond raw accumulation, market technicians are eyeing potential bottom zones through price-structure lenses. Titan of Crypto highlighted a quarterly fair value gap (FVG) that sits between roughly $56,800 and $44,600. An FVG marks a price region left with relatively sparse trading following sharp moves, which often serves as a magnet for price action as markets seek balance after volatility.

The quarterly chart framework also notes that Bitcoin has revisited similar imbalance regions after major cycles in 2011, 2013, 2017, and 2020 before forming a bottom. The latest gap, formed in 2024, remains unfilled and thus could play a critical role if the current correction resumes. In other words, the $56,800–$44,600 range stands out as a meaningful bracket to monitor as downside risk unfolds.

Adding to the valuation dialogue, Rafael, a co-founder of Glassnode, cited Bitcoin’s cumulative value days destroyed-to-price ratio (CVDD). The CVDD framework compares the market price to a cost-basis floor derived from coin-holding behavior, offering a long-horizon lens on fair value. The current CVDD standing sits near 0.73, a level that historically rises toward 1.0 near major cycle bottoms. If this dynamic plays out again, the CVDD would imply a potential bottom in the vicinity of $52,000–$59,000, with a floor around $46,000 anchored by the on-chain cost basis.

In sum, the combination of pronounced RSI weakness, broad on-chain accumulation, and structural price gaps provides a multi-faceted framework for identifying potential bottoming conditions. While there is no single signal guaranteeing a turnaround, the alignment of retail and mid-sized buyer activity with historically meaningful price imbalances and valuation anchors strengthens the case for a patient, cautious approach to BTC exposure in the near term.

What to watch next for BTC traders and investors

As markets digest the current mix of on-chain signals and macro cues, traders should monitor whether the current accumulation persists in the face of renewed volatility. If the FVG remains unfilled and the CVDD continues to approach prior bottom-like thresholds, the case for a structural trough could tighten. Conversely, a decisive break below the lower end of the FVG or a sustained divergence in on-chain activity could complicate the setup.

Investors may find value in watching how smaller and mid-sized holders respond to any renewed price weakness, as their current activity levels serve as a counterpoint to the behavior of the largest wallets. The coming weeks will be telling for whether the observed accumulation translates into sustained price support or whether macro headwinds will drive another leg lower.

Related coverage continues to track how macro flows, ETF activity, and exchange dynamics interplay with on-chain signals as Bitcoin navigates the current corrective phase.

Readers should stay attentive to further breakdowns of the accumulation data by cohort and to any shifts in the CVDD signal as new price data emerge—these elements will help frame possible routes for BTC in the months ahead.

Sources: Glassnode (Accumulation Trend Score), CryptoQuant dashboard, on-chain wallet data; statements and analyses from Michael van de Poppe; Titan of Crypto; Rafael (Glassnode co-founder) on X.

Nvidia has announced new South Korean partnerships with SK Hynix, Naver, SK Telecom, Doosan Group, LG Group, and Hyundai Motor Group. The agreements came during CEO Jensen Huang’s visit to South Korea, where he met several corporate leaders.

• Nvidia announced South Korean AI partnerships with SK Hynix, Naver, SK Telecom, Doosan, LG, and Hyundai.
• SK Hynix signed a multi-year memory partnership to support Nvidia’s global AI data center plans.
• South Korea’s Kospi fell 8.3%, while Samsung and SK Hynix shares dropped after a strong tech rally.

The companies did not disclose the financial value of the deals. Nvidia said the partnerships cover memory chips, AI data centers, robotics, mobility, and industrial AI systems.

SK Hynix deepens Nvidia memory partnership

According to SK Group, SK Hynix signed a multi-year technology partnership with Nvidia. The deal focuses on advanced memory products for global AI data centers. SK Hynix and Nvidia said the agreement will help supply meet Nvidia’s expansion plans. Nvidia has expanded its work across robotics, personal computers, and AI supercomputers. Memory chip producers have faced rising demand from AI infrastructure projects.

Huang said SK Hynix remains Nvidia’s largest memory partner. “SK Hynix has been Nvidia’s largest memory partner,” Huang said after meeting SK Group Chairman Chey Tae-won. He added that SK Hynix would continue holding that role. Huang also said Nvidia already buys billions of dollars in products from the company each year. He said those purchases would grow substantially.

Huang said SK Hynix’s plan to double memory wafer capacity by 2030 would not meet AI demand. He said the agreement would run for more than two years, with extension options. SK Hynix competes with Samsung Electronics and Micron Technology in memory chips. NH Investment & Securities analyst Ryu Young-ho said the deal showed memory chips becoming more customer-specific. The partnership came as AI data centers need more high-bandwidth memory.

Nvidia adds AI data center partners

SK Telecom said it will build a gigawatt-scale AI cloud in South Korea using Nvidia technology. The company expects its first AI data center under the plan to come online in 2027. Nvidia said Naver and Doosan will also use its technology for AI data centers. Doosan develops robots and makes materials used in Nvidia’s Blackwell chips. The company expects its energy solution to support Nvidia data center platforms.

Nvidia is also working with LG Group on electronics, mechanical systems, and humanoid robot AI. Huang said the companies discussed future data center architecture with LG Chairman Koo Kwang-mo. The work includes cooling, power delivery, and data center design. After meeting Hyundai Motor Group Executive Chair Euisun Chung, Huang said Nvidia would deepen AI collaboration. The areas include autonomous mobility, robotics, and AI-powered manufacturing.

Huang also referred to Hyundai’s planned AI data center in Saemangeum as an “AI Valley.” He said he was “very happy to build Nvidia in Saemangeum.” South Korea’s tech ministry separately said it plans to secure 9,704 GPUs for a state AI project. The 2026 project is worth 2.08 trillion won. The planned order includes 2,016 Nvidia Vera Rubin GPUs.

South Korea chip stocks fall after rally

South Korea remains a major manufacturing base for chips, electronics, cars, and ships. SK Hynix and Samsung are the world’s two largest memory chip makers. The country’s Kospi index had doubled in six months before Monday’s decline. AI demand had supported gains in several major South Korean technology stocks. However, global tech shares dropped after strong U.S. jobs data raised rate-hike expectations.

The Kospi closed 8.3% lower on Monday. Samsung shares fell 10.2%, while SK Hynix shares dropped 7.7%. Huang dismissed concerns when asked about the chip stock selloff. “Everybody should be very excited,” Huang said. He added that people could now buy stock at a cheaper price.

Samsung Electronics co-CEO Jun Young-hyun also met Huang during the visit. Jun said they discussed cooperation on next-generation foundry chips. He said talks covered autonomous driving chips, HBM5 memory, and Groq’s AI LP30 chips. Samsung said those Groq chips are scheduled for shipment in the second half of this year. The discussions added another chip-related item to Huang’s South Korea schedule.

MetaMask launched a self-custodial cryptocurrency wallet that allows artificial intelligence agents to transact across decentralized finance protocols within user-defined spending and security controls.

Users can connect the Agent Wallet to AI agent frameworks and authorize software agents to operate within protocol allowlists. The wallet is compatible with frameworks including OpenAI Codex, Claude Code, OpenClaw and Hermes, according to MetaMask.

MetaMask said transactions initiated by AI agents are screened through transaction simulation, threat detection and MEV protection systems before execution. Transactions flagged as malicious or outside a user’s predefined rules require manual approval.

Source: MetaMask

The wallet supports token swaps, perpetual futures trading, prediction markets and liquidity provision across Ethereum-compatible networks and Hyperliquid. MetaMask said transactions deemed safe by its security systems are covered by up to $10,000 in loss protection.

The product is currently available to a limited group of users through an early access program, with broader availability planned later this summer.

Related: MetaMask co-founder Dan Finlay leaves Consensys after 10 years

Industry interest grows in AI-powered transactions

Cryptocurrency companies are rushing to build infrastructure that allows AI agents to manage digital assets and make payments autonomously.

In February, Coinbase introduced Agentic Wallets, which allow AI agents to spend, earn and trade cryptos while interacting autonomously with onchain applications.

In May, Fireblocks launched Agentic Payments Suite, a platform designed to help AI agents send and receive stablecoin payments through Coinbase’s x402 protocol.

Cumulative agentic transfer volumes on Base. Source: Chainalysis

AI-driven payment activity appears to be gaining traction quickly. A June 3 Chainalysis report found that wallets using Coinbase’s x402 agent payment protocol generated more than 100 million transactions on Base within roughly nine months of launch.

The push extends beyond the crypto industry. In April, Visa launched Intelligent Commerce Connect, a platform that allows artificial intelligence agents to browse, select and pay for goods on behalf of consumers.

The growing interest has prompted bullish forecasts from crypto executives. Circle CEO Jeremy Allaire said billions of AI agents could be transacting with cryptocurrencies and stablecoins within three to five years. Former Binance CEO Changpeng Zhao said that crypto will become the native payment rail for autonomous software.

Magazine: Bitcoin miners are pivoting to AI, so why is the hashrate near ATHs?

Tokenized real-world assets (RWAs) remain one of the few bright spots in the cryptocurrency industry, even as macroeconomic headwinds and policy uncertainty weigh on markets in 2026, according to Binance Research.

In its latest Monthly Market Insights report, Binance Research said the market for active tokenized RWAs surged 589% from early 2025 to June 2026. Bonds and money market funds led the sector in dollar terms, growing by 83% and adding $6.5 billion in value.

Tokenized stocks, however, recorded the fastest growth, with their market value jumping 422%.

Much of that momentum was driven by platforms such as Ondo Global Markets, which offers tokenized stocks and ETFs and surpassed $1 billion in total value locked (TVL) within eight months of launch.

Tokenized precious metals also continued to attract investors, adding $1.5 billion in value, or 39%, during the period. Most of those gains came in January and February as geopolitical uncertainty fueled demand for safe-haven assets, pushing tokenized gold above $6 billion before momentum cooled and underlying gold prices retraced.

The market for tokenized RWAs is becoming more diversified.
Source: Binance Research

“2026 marks RWA tokenization’s maturation from a Treasury-dominated narrative into a diversified yield ecosystem,” Binance said.

The move came as Bitcoin and the broader crypto market fell sharply in early June amid rising expectations of higher interest rates, uncertainty surrounding the CLARITY market structure bill in the US and shifting sentiment following Strategy’s sale of 32 Bitcoin.

Related: SEC postpones plan allowing ‘innovation exemption’ for tokenized stocks: Report

Tokenized assets target retail, institutional investors 

The launch of tokenized SpaceX shares has brought fresh attention to the tokenization sector. As Cointelegraph recently reported, Kraken now offers access to a tokenized equivalent of the private company’s stock through the xStocks tokenized equities platform.

XStocks gained traction quickly, with cumulative trading volume exceeding $25 billion within about eight months of launch.

Institutional adoption is also accelerating across other asset classes. In real estate, Apex Group has begun providing fund services using Goldman Sachs’ Digital Asset Platform, underscoring growing demand for blockchain-based settlement and administration.

At the same time, industry efforts are extending beyond tokenized investment products and into core financial infrastructure. Banks are increasingly exploring tokenized deposit networks to modernize payments and compete with the rapid growth of stablecoins.

Source: Brian Armstrong

According to The Wall Street Journal, The Clearing House — a bank-owned payments operator backed by JPMorgan Chase, Citibank, Bank of America, BNY and Wells Fargo — plans to launch a tokenized deposit network next year, marking another step toward integrating tokenization into the traditional banking system.

Related: Binance adds US stock trading in push beyond crypto

Applied Digital has signed a 15-year lease with a U.S.-based hyperscaler for its Delta Forge 2 campus. The company said the agreement could generate about $5.2 billion in revenue during the base term.

Applied Digital shares rose 8.7% in extended trading after the announcement. The deal adds 210 megawatts of contracted AI computing capacity to the company’s portfolio.

Delta Forge 2 secures hyperscaler lease

According to Applied Digital, the new lease covers capacity at its Delta Forge 2 AI Factory campus. The company did not name the customer in its Monday announcement. However, it said the agreement represents its third long-term lease with the same investment-grade hyperscaler. The deal uses a take-or-pay structure, which supports contracted revenue over the lease period. Applied Digital said the customer is based in the United States.

The company said the 15-year base term could produce about $5.2 billion in revenue. If the customer exercises all renewal options, total revenue could reach about $12.7 billion over 30 years. Applied Digital also said about 70% of its contracted revenue now comes from U.S.-based investment-grade hyperscalers. The latest contract expands its customer-backed data center pipeline. The company linked the lease to rising demand for AI infrastructure.

AI workloads drive data center demand

Large technology companies continue raising spending on data centers for artificial intelligence systems. These facilities require power, computing capacity, and infrastructure built for heavy workloads. Applied Digital said Delta Forge 2 will support high-power density computing needs. The campus will use waterless cooling technology. Initial operations at the site are expected to begin in the first quarter of 2028.

The Delta Forge 2 agreement comes as AI developers seek more specialized facilities. Applied Digital’s campus design focuses on workloads that need large energy and cooling capacity. The company said its infrastructure supports advanced computing requirements. Hyperscalers have increased long-term leasing activity as AI models require more resources. Applied Digital did not disclose technical details about the customer’s planned workloads.

The contracted portfolio reaches five campuses

Applied Digital said its contracted portfolio now spans five campuses. Those sites represent 1.4 gigawatts of critical IT load. The company also reported about 2.15 gigawatts of grid-connected utility power across the portfolio. Its contracted base-term lease revenue has increased to about $36 billion. If all renewal options move forward, the figure could rise to roughly $86 billion.The company said the new lease strengthens its contracted revenue base.

Applied Digital also said hyperscaler-backed agreements now make up most of its contracted revenue. The latest deal adds another long-term commitment to its data center platform. Shares rose after the market closed following the announcement. The company expects Delta Forge 2 operations to start in early 2028.