Mizuho downgrades Circle to Underperform, cuts its target price to $50

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Market analyst Noname has published a post refuting the current "bottom is already here" narrative, arguing that calling a bottom is premature. The current sideways consolidation essentially reflects indecision, with "hesitation at this level usually preceding a downward breakout before an upward move." The analyst outlined a clear path forecast for the second half of 2026: July will see "false stability" and a bear trap rally, with volatility to flush out weak positions; August will mark the start of the real decline, testing the $50,000 level for the first time; September will extend downward pressure, with a W-bottom structure beginning to form; October will be the actual bottom and accumulation zone, at which point participation strategies will turn aggressive; November will show initial signs of recovery, with prices starting to rebound from the bottom; December will bring the possibility of returning to $100,000 for the first time since the bear market began. The analyst emphasized that the final sell-off is still imminent, though most refuse to believe it. "Don’t let the sideways movement fool you." In terms of rhythm, the decline since the June high is a full liquidation of the three-year rally. Previous bear cycles all ended with corrections of over 80%; the current price is roughly 50% down from its all-time high, so if history repeats, lower targets should still be within expectations. The analyst predicts the final bottom will not drag into the fourth quarter—this cycle will complete in the third quarter. An oversold zone with expanding volume may be observed between August and September, followed by a breakout in the fourth quarter, and returning to $100,000 by year-end will be the minimum rebound target needed for bulls to repair structural damage.

According to OnchainLens monitoring, the smart money address "gritsa.eth" has just opened a long position on Hyperliquid for 50 BTC, worth approximately $3.22 million. The trader’s cumulative profit exceeds $2.83 million.

Binance founder CZ posted, "Inactivity doesn’t seem to affect follower growth at all. Is the bear market almost over?" According to the tweet CZ cited, his current follower count on X stands at 11.98 million, soon to cross the 12 million threshold.

U.S. Energy Secretary Wright has stated that U.S. military operations against Iran will continue until President Trump achieves his military objectives. In an interview, Wright said the Trump administration’s goal is to prevent Iran from acquiring nuclear weapons and weaken its ability to threaten neighboring countries and global commercial activities. "Therefore, this mission will continue until its task is completed," (CCTV)

As of now, U.S. semiconductor ETFs have attracted over $460 billion in inflows in 2026, on track to set a new record for the largest annual inflow ever, equal to 31% of the ETF’s total assets under management (AUM). Year-to-date total inflows are more than double the sum recorded from January 2017 to December 2025. As a result, cumulative inflows since 2017 have climbed to a record $680 billion. Last week alone, semiconductor ETFs drew in over $2.3 billion in inflows—investors have never allocated such massive sums to these ETFs before.