Prediction markets put the probability at 7%: Will Solana dip to $40 in June. Currently, markets see this as unlikely (7% YES). Bitcoin in danger of dropping to $60,000, with Zcash bulls turning their backs on ZEC.
Bitcoin broke below $60,000 on June 5, 2026 for the first time in roughly 20 months, deepening a sell-off that accelerated after Strategy's June 1 disclosure of a partial Bitcoin sale. The leading cryptocurrency now trades at less than half its October 6, 2025 all-time high of $126,080, with the broader digital-asset complex following lower. Bitcoin-treasury companies have collectively shed roughly $62 billion in fully diluted market value since early October, with combined valuations falling to about $72 billion from a peak near $134 billion, according to Artemis data. [Yahoo Finance, Jun 5]
Technical indicators across the major cryptocurrencies reached deeply oversold territory in early June. Bitcoin's daily RSI registered 10.00, approaching the February 5 low of 8.95, while the Fear & Greed Index tumbled to 11. Ethereum fell 7.3% to test classical TBO support at $1,846, with its RSI dipping to 11.48, marginally below its February trough. Bitcoin dominance has declined nearly 4% since mid-May, with its daily RSI plunging to 5.56, an exceptionally low reading that historically coincides with broad altcoin underperformance. The question of whether the sell-off pulls Solana into a solana dip to $40 in june scenario remains contingent on whether Bitcoin holds the $60,000 psychological level. [Kitco, Jun 3]
The catalyst for the latest leg lower traces back to Strategy's disclosure that it sold 32 bitcoin between May 26 and May 31, with the public filing landing on June 1. UMA voters subsequently ruled that the June disclosure date governed contract resolution, marking the first acknowledged reduction by the largest corporate Bitcoin holder and unwinding the digital-asset treasury premium that had buoyed the cohort through 2025. For a solana dip to $40 in june to materialize, SOL would need to break decisively from current ranges, with traders watching whether continued treasury-cohort deleveraging spreads further into Layer-1 tokens. [CoinDesk, Jun 4]
Lower-volume market on Polymarket ($65K). Wider spreads expected — enter with limit orders and be aware of slippage risk. Currently 7c YES.
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