TERRA LUNA CLASSIC NEWS!🌌HE JUST DID IT! 🌌 TERRA LUNC PRICE UPDATE !

Added: 2026-06-03

[00:00:00]There has been a rather large dip in the crypto market that has just happened in the last 24 hours and it's caught Terra Classic in it and it's also caught the Bitcoin price in it as well. And guys, we're going to be talking about this in addition to the big news that has also hit for Terra Classic because you guys know just recently there was a big Binance burn. We're going to talk through that and also broadly what is happening in the crypto market right now and why has this dip occurred. I'll be bringing you the big news right now and uh let's get straight into the video. So if you guys enjoy it, just like the video. Let's get into it. Even though look, it's it's a bit of a rough day in the market. Let's be honest. And uh so you can see right here both Bitcoin and Terra Classic falling down to some degree. I think TerraClassic is actually falling less than Bitcoin, but we'll check that later in the video. But you can see right here, you know, Bitcoin was looking uh, you know, okay, it was consolidating, moving up just over the last couple of weeks right here, holding on to about $74,000. But look at that last 24 hours, monster cells coming through for Bitcoin. And where is the bottom for this? But let's just talk about it. So, it was sitting at $74,000 and then boom, huge blood red waterfall hitting the chart. It's just constant selling pressure. Wow, look at that.

[00:01:23]Boom, boom, boom. And uh it's actually hit a recent low of $66,000.

[00:01:29]And if we holistically [snorts] look at this, see, oh wow, right there you we're at a critical level of support. I was looking for that level of support. Let's just zoom it out so we get a longer time frame. So, wow. It's uh there's a cluster of support right here at $66,000. So, it's holding at its most one of its most critical lines right here. You don't really want to uh you know drop down too far. Uh wow. It is uh it's definitely a little bit rough right there. So, 66. And if we have actually zoom out a little bit longer on the time frame again it's a very very important time crypto is at and previously that was a level of uh all-time high for the previous cycles back in 2021 and 2022. So very very interesting dynamics. Now let's talk about the news about why this has happened and then we'll get into the Terra Classic news as well and the Terra Classic price. Now, one of the biggest factors I think going for this is the psychological impact of the golden whale. And if you guys can guess who I'm talking about in the market, he sold. He had to sell his Bitcoin. And this has psychologically rattled, you know, some of the markets. Some people have copied him. It's not the only reason. It's not the only reason. I'll say that. There's some other reasons that we'll talk about. Um, but it's this guy right here, Michael Sailor. No, not you. Trump got the wrong post up. Let's uh let's find it. Yeah, Michael Sailor has sold he's only sold 32 Bitcoin. It's worth $2.5 million. So, in the grand scheme of things, this is not a huge amount, but it's the fact that he's actually selling that has rattled people. So, remember in crypto a lot of the time it is actually psychological. So, there's group psychology, people who support cryptos.

[00:03:10]Remember, I always say one of the most important things in crypto is, you know, belief, right? And this has been like a little bit of an arrow into the heart.

[00:03:18]I'm not saying the crypto market's done or anything like that. But I'm just saying obviously it's created a huge amount of FUD. So he sold uh 32 Bitcoin.

[00:03:25]It was only worth 2.5 million and this has caused um yeah a huge panic. And uh look my understanding I've just asked Grock to clarify but my understanding the reason he sold this was to fund his very kind of advanced and technical share uh security share stuff. So remember this micro strategy the company it has to pay dividends and other types of you know these advanced kind of finance things and uh you know he had to pay that that's my understanding so he had to actually sell his bitcoin so it's created some fun right here and actually gro responded he's just said uh strategy sold 32 bitcoin to fund preferred stock distributions it's their first sale since 2022 but represents just 0.38% of their 84 43k Bitcoin holdings and uh so supporting dividends, right? That's what it's been doing and that's part of the reason. So I wouldn't say it's the whole reason. I think the sharks out there as well ready to you know smell blood in the water. What do they do once the the Bitcoin price starts to dip a bit? You know, they probably start to manipulate it a bit more as well. And um you know there's there's definitely a lot of uh long positions getting liquidated and they'd probably use that as an excuse to you know even you know catastro catastrophically bring down the market a bit more. Okay, so that is important. So that's probably one of the most important reasons and believe me there's other things happening as well around the world. So you have Tom Lee uh he's $8.7 billion in an unrealized loss for Ethereum and you can see right here obviously lots of liquidations going through and also at the same time this Middle East situation it's the perfect storm at the moment because this is completely unresolved. So we have mentioned this before on the channel and uh the blockade versus the Iranians. I mean it just doesn't seem to be ending.

[00:05:14]It's like that movie you know the neverending story. I don't know if anyone saw I think it was from the ' 80s or 90s, but it's it's just never ending.

[00:05:21]So, come on, Trump. Let's let's uh wrap this thing up and let's get back to world growth model, economic boom times.

[00:05:28]Please, uh that's what I'd love to see because everyone is fatiguing of this conflict. Guys, if you're fatiguing of this uh this Iran conflict, guys, hit the like on the video. Appreciate that.

[00:05:39]Now, let's uh let's talk about Terra Classic because obviously we've had some good news as well happen for Terra Classic. Let's uh let's not uh let's see let's see some of the positives right here. So look because Bitcoin's went down, Terra Classic is going to go down as well. Uh it's just part of life in crypto. So four zeros and a seven, but we're getting some very very nice momentum. So look, look at that graph.

[00:06:01]Look at that. That was rising up. It was potentially about to kill a zero and then you probably got this, you know, Bitcoin FUD coming in right here. Uh flooding our bags. Uh but the good news is, check this out. It actually exceeded expectations. So we were running some AI analysis through Grock and we were asking Grock, you know, what's the prediction going to be? He said a billion roughly. He said the max and guess what the burn was bigger. It was 2.19 billion. So that is 2.19 million Luna class 2 2.19 billion Luna Classic never to come back into existence. Gone.

[00:06:34]Appreciate that CZ. And we want to see more of this. Okay. So the more trading volume that goes through on Terra Classic, the better it's going to be.

[00:06:41]And if we actually zoom in and we try and find Terra Classic on the rankings right here. So where are we sitting? We have to go to the next page on Coin Gecko. Let's bring this up right here.

[00:06:49]So where are we sitting guys? Where's Terra Classic? Sitting at 120. Okay, so down 9.1% last 24 hours and just is what it is in the crypto market. Okay, so one of the next catalysts to watch out for for um you know Terra Classic. So ongoing monthly Binance burns plus daily chain burns. Market module 2.0 reactivation. So uh look more utility development more testing planning that's going to be important USC rep right there and stoking road road mapap that's going to be important as well and new ecosystem protocol so I would say look overall the Binance burn is definitely a monthly it's like something to look forward to every month for Binance we want to see more and more burns happen but also at the end of the day look terassic is setting itself up to compete against the big boys like Ethereum like Salana and uh if it can build out that utility get the development going and also importantly get the adoption. That's the big picture play for Terra Classic. And we're sitting at about four zeros and a seven. And I think right now we just have to see how the smoke settles. So it's obviously going to be very important to watch where the Bitcoin price goes next. I think it's going to be very important for [laughter] Bitcoin to hold on to this level. So you don't really want to be dropping below this. This is obviously an ultra ultra ultra important level because look at the previous levels of support and uh resistance for this. I mean the next level's below this it goes down to what is that like 60 and then potentially lower. So very important it holds on to that level [snorts] and uh the community's got to stay strong. So they're the big things uh for Terry Classic. But it's almost like we got hit by the perfect storm hitting the market today. You got the Iran FUD, you got Sailor FDing our bags and uh it's just all kind of hit at once unfortunately.

[00:08:30]And that is today's realistic update for Terra Classic. I always give you guys the the news that is real, honest, and I just tell you how it is. As always in crypto, look, understand it's a high reward, high-risisk market, not financial advice, but I do hope crypto moons. I hope Luna Classic moons over the long term. And that's today's update, guys. Appreciate you tuning in.

[00:08:48]Go have a great day. See you in the next one. Cryptozus signing