DonAlt says crypto sentiment is at rock bottom after June selloff; Kalshi traders now see rising odds of Bitcoin breaking below $45,000
first published 2026-06-05T11:36:31Z
After a sharp June 2026 selloff erased May gains, analyst DonAlt says crypto sentiment has fallen to extreme lows and the market is now too complex and risky for retail investors. He cites corporate noise, derivatives, ETFs, and AI-related threats, points to Zcash's plunge after a vulnerability report, and says he will only resume buying if Bitcoin ends the week above $71,000, even as spot ETF inflows return modestly.
AI Analysis
The summary describes a sharp selloff, rock-bottom sentiment, and a conditional buy trigger tied to Bitcoin closing above $71,000, which is directly relevant to short-term trading. It also mentions renewed ETF inflows but only modestly, so the overall tone remains bearish with moderate market impact.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: Significant
