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Trader says new BTC lows are imminent as price sits near $67K

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Crypto Breaking News

Bitcoin is hovering near the $67,000 level as weekend liquidity thins and traders weigh the risk of renewed downside. A Bollinger Bands squeeze on shorter timeframes points to a potential burst of volatility, but direction remains uncertain as sellers re-enter into a quiet end of the week.

In a market snapshot on Sunday, a prominent market observer highlighted how the current cycle differs from past Bitcoin bear markets. Pseudonymous trader LP_NXT noted that bottoms in earlier cycles typically formed after several sweeps of the downside, triggering capitulation before a revival. This time, the pattern has tended to sweep the highs, leaving the lows exposed and liquidity building below price action, complicating entries for bears and bulls alike.

“In contrast, this cycle has been sweeping the highs, making it difficult to enter short positions while leaving the lows exposed and building liquidity below.”

Meanwhile, traders are watching for a potential breakdown below key thresholds. LP_NXT suggested that a sweep of sub-$60,000 levels could be a likely signal once selling pressure intensifies, but the eventual breakdown and the way price behaves around consecutive lows will be crucial for identifying a real bottom.

Key takeaways

  • Four-hour Bollinger Bands have contracted, signaling a classic volatility squeeze that could precede a sharp move up or down.
  • Bottom formation remains uncertain; historical patterns favored repeated low sweeps to trigger capitulation, but this cycle has shown different dynamics by sweeping highs instead.
  • Binance order-book data reveals unusual selling activity by a small investor class using a TWAP bot, with a single hour showing about $18 million in sell pressure—far above their typical daily volume.
  • Market participants describe a dichotomy in whale behavior: “buying dips and selling rips” even as BTC remains range-bound, amid macro headwinds from stronger dollar pressures.
  • Past coverage flagged added risk to bulls from a recovering U.S. dollar; investors should monitor whether price action can sustain above or below critical thresholds as liquidity shifts.

Technical setup: volatility compression and looming decisions

Price action around Sunday kept Bitcoin mired in a relatively tight band near $67k, with intraday volatility showing signs of re-emerging pressure rather than a firm directional breakout. The Bollinger Bands on the four-hour chart narrowed, a familiar prelude to a burst of activity once buyers or sellers step in decisively. Traders often interpret this as a fork in the road: a break above resistance could rekindle upside momentum, while a breakdown might expose the market to fresh liquidity-driven moves.

Among market observers, this has been a focal point because the prior cycles’ patterns around low-volume weekends can set the stage for the next move. The contrast with recent behavior—where repeated sweeps of local highs have dominated—adds an extra layer of complexity to positioning ahead of any potential move.

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Whale dynamics and order-book signals

Beyond the price chart, on-chain and order-book activity has drawn attention. Keith Alan, cofounder of trading analytics firm Material Indicators, highlighted unusual selling density in the Binance BTC/USDT book despite muted price action. A time-weighted average price (TWAP) bot was observed distributing BTC, with the smallest order class executing a roughly $18 million sell program in an hour—significantly larger and more rapid than the class’s typical $3 million to $5 million daily volume.

“That’s exponentially more than their normal $3M-$5M daily volume in 1 hr. That ain’t retail!”

A broader portrait emerges of a market where whales are not uniformly aligned with a single directional narrative. Alan summarized the dynamic as “buying dips and selling rips” within a price range that continues to confound shorter-term traders. This pattern aligns with a market waiting for clearer macro cues and a more definitive breakout or breakdown signal.

Earlier reporting noted additional bulls’ headwinds from a recovering U.S. dollar, which can dampen enthusiasm for risk assets like Bitcoin when fiat strength escalates. The current activity in the order book underscores how much of the near-term price action may be driven by large players rather than retail flow, particularly as weekend liquidity dries up and position risks accumulate.

Macro backdrop and what it could mean next

The interplay between Bitcoin’s price trajectory and dollar strength remains a critical backdrop for traders. If the dollar cools or if liquidity shifts back into risk assets, BTC could attempt a sustained push higher. Conversely, renewed dollar strength or renewed selling pressure from large token holders could push the market toward test levels below the February low near $60,000. As with many chart-based narratives, the outcome will likely hinge on whether price can sustain a breakout beyond key resistance and whether further high-low sweeps occur, testing traders’ willingness to commit to new positions.

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With Bitcoin hovering near critical junctures, investors are watching for concrete signals: a decisive break above the recent range, a compassionate test of sub-$60,000 lows, or a different pattern of liquidity formation that could indicate a new phase in the market cycle. The next couple of sessions should offer clearer directional clues as macro catalysts and order-book dynamics converge.

Cointelegraph’s prior coverage of dollar strength and its implications for crypto markets remains a useful context for readers assessing risk and potential routes for Bitcoin in the near term.

As the market enters a decision point, traders should monitor both price action and the evolving composition of order-book activity to gauge whether a bottom is forming or if a fresh leg down could materialize.

What remains uncertain is how quickly order-flow dynamics will normalize once weekends end and institutions re-enter the scene. Investors should stay alert to any break of sub-$60k liquidity traps or indicators that reinforce a shift in the prevailing liquidity regime.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Crypto World

Invisible Commerce: Why AI Agents Are Killing the Traditional Checkout for Good

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • Walmart recorded a 66% conversion drop when embedding agentic checkout directly inside ChatGPT’s interface.
  • OpenAI phased out Instant Checkout after merchants reported poor results with chatbot-based purchase experiences.
  • The Machine Payments Protocol lets AI agents pay via HTTP requests, using cards, wallets, or stablecoins natively.
  • Know Your Agent frameworks are now being developed to secure invisible payments before autonomous spending scales further.

Invisible commerce is emerging as the next frontier in AI-driven payments, replacing the checkout model. Walmart recently recorded a 66% drop in conversion rates when embedding agentic checkout inside ChatGPT.

OpenAI subsequently phased out its Instant Checkout feature. These developments signal a major shift. The payments industry built agentic commerce on the wrong foundation.

Agents do not need better checkouts — they need payments that happen automatically, without human intervention.

Walmart’s Checkout Experiment Exposed a Fundamental Flaw

Walmart’s conversion rate collapse was a clear indicator that something was broken. Embedding a human-optimized checkout inside a chatbot created friction rather than reducing it. The process was designed for human eyes, not machine logic.

OpenAI responded by pulling Instant Checkout entirely. Merchants now handle purchases through their own app-based systems instead.

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This retreat confirmed what many in the payments space suspected — agentic commerce built on traditional checkout rails does not work.

Fintech analyst Simon Taylor captured this tension clearly. He noted that agentic commerce protocols now outnumber actual agentic transactions.

The infrastructure is ahead of the real-world use case, and the use case itself may have been wrong from the start.

Stripe previously outlined five levels of agentic commerce, borrowing from autonomous driving. Each level still assumed a visible purchase event. Even at the highest level, an agent reacts to human intent. That model is now being questioned.

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The Parking Agent Demonstrates a New Payment Paradigm

A hackathon project changed how some in the industry are thinking about this problem. A developer built a parking AI agent that detects a user’s location and pays the local parking authority automatically. No checkout appeared. No purchase intent was required.

The payment happened because an event occurred in the physical world. The agent inferred what was needed and completed the transaction. This is the model that Taylor refers to as invisible commerce.

This approach mirrors how Uber handles payments. A rider exits a vehicle and money moves — no cart, no confirmation screen, no “pay now” button. Uber achieved this by owning both sides of the marketplace. The challenge now is replicating that experience across open agent ecosystems.

Developer Steve Krouse shared a related observation on X, noting that giving agents a USDC wallet produced a genuinely magical product experience. That sentiment reflects growing interest in agent-native payment infrastructure.

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Machine Payments Protocol Points Toward Agent-Native Commerce

The Machine Payments Protocol (MPP) launched recently as one attempt to solve this infrastructure gap. It allows agents to initiate payments through a simple HTTP request. The protocol supports credit cards, digital wallets, and stablecoins.

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Early use cases include agents purchasing API access, compute resources, stock footage, and real-time data feeds. However, the first viral use case was far simpler. Users had their agents buy them sandwiches, as shared by developer Josh on X, citing MPP and related tools.

Google is also releasing new agentic protocols regularly. X402 is another protocol operating in this space. The competition signals that the market sees real demand for machine-native payment rails.

Security remains an open question. When agents spend autonomously, audit trails become harder to track. Liability for compromised agents is still unresolved. Researchers are now working on Know Your Agent (KYA) frameworks to close that gap before the technology scales further.

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Crypto Market Loses $1.5 Trillion in Two Quarters: Is the Worst Still Ahead for Bitcoin?

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • Crypto markets shed over $1.5 trillion across Q4 2025 and Q1 2026, with Bitcoin driving nearly 60% of total losses.
  • Gold outperformed Bitcoin by nearly 40% in recent months, a strong signal that large capital favors safety over risk assets.
  • Bitcoin has traded flat between $65K and $69K for weeks despite rising oil prices and growing geopolitical tensions globally.
  • BTC dominance and the gold-to-Bitcoin ratio remain the two most critical metrics to watch for early signs of market recovery.

The crypto market sits at a crossroads as Bitcoin consolidates within a narrow range. Over the past two quarters, digital assets lost over $1.5 trillion in total market value.

Institutional capital has pulled back, and macro forces are weighing on risk appetite. Traders are watching carefully as the market weighs potential recovery against further downside, with conditions outside crypto likely determining the next major move.

Bitcoin’s Recent Losses Point to Broader Institutional Retreat

Bitcoin led the market lower across Q4 2025 and Q1 2026. Combined, those two quarters wiped out roughly 45% in value from the broader market. BTC accounted for nearly 60% of total losses recorded during that period.

That detail changes how analysts read the sell-off. When Bitcoin drives the drawdown, it is not retail traders dumping speculative tokens. It reflects real capital reducing exposure across the entire asset class.

As MR Black noted on X, “When BTC is leading the drawdown, it isn’t a sector rotation. It isn’t retail panic selling memecoins.” That observation carries weight, especially for investors trying to time a re-entry into the market.

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Gold’s Outperformance Sends a Clear Risk-Off Signal

The XAU/BTC ratio has shifted nearly 40% in gold’s favor over recent months. Gold offers no yield and carries no technological narrative. Its strength signals that large capital holders are choosing preservation over growth.

That ratio matters because it reflects institutional psychology, not retail sentiment. When the biggest players move into gold, it means confidence in risk assets remains low. Crypto has not yet shown the kind of recovery that would pull that capital back.

However, analysts note that this ratio could become one of the first signs of a turnaround. When it begins reversing, it may indicate that risk appetite is returning and that institutional money is ready to rotate back into Bitcoin.

Sideways Price Action Raises Questions About What Comes Next

Bitcoin has traded between roughly $65,000 and $69,000 for several weeks. That range has held despite rising geopolitical tension, higher oil prices, and growing inflation concerns. Normally, any of those factors would trigger sharp movement in crypto markets.

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The muted reaction suggests one of two things. Either the market has already absorbed much of the uncertainty, or it remains so undecided that it needs a strong external trigger to break either way. That ambiguity makes directional calls difficult right now.

BTC dominance remains a key metric to track through this period. When dominance rises, capital clusters in Bitcoin and altcoins suffer.

When it falls, capital rotates into higher-risk assets, and historically that rotation has preceded some of the strongest alt-season runs in a given cycle.

The path forward for crypto depends heavily on macro developments in the coming weeks. If oil cools and geopolitical risks ease, the current consolidation could prove to be a base for recovery.

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If conditions worsen, further downside remains possible, with altcoins likely absorbing the most pressure. Traders watching signals beyond the price chart may be better positioned for whatever move comes next.

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Attorney Says Drift Protocol May Be Liable for Damages After Attack

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Cybercrime, North Korea, Cybersecurity, Hacks, Lazarus Group

The hack of the Solana-based decentralized finance (DeFi) platform Drift Protocol could have been prevented if standard operational security procedures were followed by the Drift team, and may constitute “civil negligence,” according to attorney Ariel Givner.

“In plain terms, civil negligence means they failed their basic duty to protect the money they were managing,” Givner said in response to the post-mortem update provided by the Drift team and how it handled Wednesday’s $280 million exploit.

The Drift team failed to follow “basic” security procedures, including keeping signing keys on separate, “air-gapped” systems that are never used for developer work, and conducting due diligence on blockchain developers met through industry conferences.

Cybercrime, North Korea, Cybersecurity, Hacks, Lazarus Group
Source: Ariel Givner

“Every serious project knows this. Drift didn’t follow it,” she said, adding, “They knew crypto is full of hackers, especially North Korean state teams.” Givner continued: 

“Yet their team spent months chatting on Telegram, meeting strangers at conferences, opening sketchy code repos, and downloading fake apps on devices tied to multisignature controls.”

Advertisements for class action lawsuits against Drift Protocol are already circulating, she said. Cointelegraph reached out to the Drift Team but did not receive a response by the time of publication.

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Cybercrime, North Korea, Cybersecurity, Hacks, Lazarus Group
Source: Ariel Givner

The incident is a reminder that social engineering and project infiltration by malicious actors are major attack vectors for cryptocurrency developers that could drain user funds and permanently erode customer trust in compromised platforms.

Related: Drift explains $280M exploit as critics question Circle over USDC freeze

Drift Protocol says attack took “months” of planning

The Drift Protocol team published an update on Saturday outlining how the exploit occurred and claimed that the attackers planned the attack for six months before execution.

Threat actors first approached the Drift team at a “major” crypto industry conference in October 2025, expressing interest in protocol integrations and collaboration.

The malicious actors continued to build rapport with the Drift development team in the ensuing six months, and once enough trust was built, they began sending the Drift team malicious links and embedding malware that compromised developer machines.

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These individuals, who are suspected of working for North Korea state-affiliated hackers and physically approached the Drift developers, were not North Korean nationals, according to the Drift team.

Drift said, with “medium-high confidence,” that the exploit was carried out by the same actors behind the October 2024 Radiant Capital hack.

In December 2024, Radiant Capital said the exploit was carried out through malware sent via Telegram from a North Korea-aligned hacker posing as an ex-contractor. 

Magazine: Meet the hackers who can help get your crypto life savings back

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