Crypto World
2026 FIFA World Cup saw $20 billion in prediction market volume
The 2026 FIFA World Cup generated a record $20 billion in prediction market volume, according to blockchain analysis firm Chainalysis.
The figure encompasses activity across nearly 400,000 wallets starting in January 2026 with $5.7 billion in volume generated during the tournament itself, Chainalysis said in a Thursday report.
Markets ranged from the simple question of who would win the international soccer tournament to whether Portugal legend Cristiano Ronaldo would cry when his team was eliminated (he did).
The World Cup, held in June and July, represented by far the biggest prediction market event in terms of volume, shattering the $3.6 billion traded during the 2024 U.S. Presidential Election. Other notable events were Super Bowl 60 in February and the NCAA’s basketball tournament known as March Madness, both of which eclipsed the $1 billion mark.
Prediction markets offer derivatives contracts on the outcome of future events, and settle when the relevant event takes place.
Market leader Polymarket runs on blockchain rails with trades and settlement in stablecoin USDC. As a result, the platforms have become one of the ways in which blockchain technology has gained significant mainstream attention.
Crypto World
Coldcard exploit reignites Bitcoin self-custody debate after $38 million theft
Some prominent bitcoin advocates say the incident is among the most damaging failures of self-custody the industry has experienced.
“This is the worst hit in bitcoin history to the most knowledgeable and ‘properly secured’ bitcoiners,” said Bitcoin commentator Guy Swann. “This isn’t an exchange getting hacked because of hot keys. This is thousands of individuals having their personal private keys recreated out from underneath them.”
Trading one risk for another
For years, bitcoin advocates have argued that holding private keys removes the counterparty risk of centralized exchanges, a lesson reinforced by failures such as FTX. Analysts now argue that users have simply exchanged one set of risks for another.
“The self-custodial hardware space is a disaster at this point and creates more bad rep for the industry than anything else,” said Lorenzo Valente, director of digital asset research at ARK Invest.
“In practice, consumers have traded counterparty risk for software risk, hardware risk, supply-chain risk, phishing risk, backup risk, and the possibility of losing everything through one mistake,” he said. “Frankly, you are better off today holding funds across several publicly-traded exchanges or ETFs.”
The Coldcard flaw illustrates that challenge. Researchers found that certain firmware versions generated wallet seeds using far less randomness than intended, making them susceptible to brute-force attacks.
Crypto World
Fed officials who voted to hike rates say action is needed now against inflation
Beth Hammack, president and chief executive officer of the Federal Reserve Bank of Cleveland, during a research conference at the Federal Reserve Bank of Dallas in Dallas, Texas, US, on Friday, Oct. 31, 2025.
Desiree Rios | Bloomberg | Getty Images
Federal Reserve officials who voted this week against the decision to hold interest rates steady said Friday they favor hiking now as a way to stave off inflation.
“In my view, now is the time for the [Federal Open Market Committee] to act to speed the return of PCE inflation to our 2 percent objective and deliver on our commitment to price stability for the American people,” Cleveland Fed President Beth Hammack said in a statement. “The longer that high inflation persists, the more challenging and costly it can be to bring it back down.”
Similarly, Minneapolis Fed President Neel Kashkari said in a separate statement that he believes small hikes now can prevent the need for larger moves later.
“In my view, a potential series of small policy moves would be better than waiting and eventually concluding that even bolder actions were necessary,” he said.
Kashkari and Hammack joined Dallas Fed President Lorie Logan in dissenting against holding the Fed’s key overnight borrowing rate in a range between 3.5%-3.75%. The other nine voting members of the FOMC voted in favor of keeping the rate steady, where it has been all year following a series of three cuts in the latter part of 2025.

Inflation has held above the Fed’s 2% target for more than five years, spiking again this war following the Iran war and the impact of President Donald Trump’s tariffs.
Logan said the Fed can’t count on an unexpected jolt to the economy to lower inflation and needs to be proactive.
“Labor, consumption and financial market conditions indicate that monetary policy is not restraining the economy,” she said, also in a prepared statement. “Without any policy restraint, inflation will likely continue to trend above target until there’s an unanticipated shock.”
Though price increases eased in June as Middle East tensions briefly eased, energy costs again have risen and generated fears that the Fed will have to tighten.
Though he voted in favor of the hold, Fed Chairman Kevin Warsh said he remains resolute in getting inflation back to target.
“We have begun a new chapter, and we understand that the five-plus years of inflation above target cannot be cured in nine weeks — or by a single month of modest price decreases,” he said.
However, Hammack said she is “not confident it will return to our objective on its own.”
“Supply-side factors, including energy prices, have boosted inflation this year, but I see inflationary pressures coming from the demand side of the economy, as well,” she added.
Hammack said her constituents in the Cleveland area have been describing “pricing pressures as broadening rather than fading, and consumers are expressing despair over persistently higher prices.”
For his part, Kashkari’s comments harken back to both the 1970s period of high inflation and the more recent episodes in which Fed officials initially dismissed the flare-up as “transitory” and brought on up issues related to the Covid pandemic.
“Economic theory argues that monetary policy is the right tool to address demand-driven inflation but faces greater trade-offs when dealing with supply shocks,” he said, adding, “I increasingly believe that monetary policy does have an important role to play in addressing a series of successive supply shocks that might lead to entrenched higher inflation.”
Logan is expected to release a statement explaining her vote later Friday morning.
Crypto World
State Department Releases 250,000 More Passports Featuring Trump’s Face
Trump also displayed his name on the Kennedy Center in Washington, D.C.—but last month, six months after it was affixed to the building, it was removed, per a federal judge’s order to restore the cultural center’s original name.
Democrats have overwhelmingly denounced the President’s efforts to affix his name and likeness onto government buildings, programs, and items. Several lawmakers signed an open letter to Trump in February objecting to his plans to shutter the Kennedy Center for two years while it underwent renovations.
“The Kennedy Center is a living memorial to President Kennedy,” Rep. Lizzie Fletcher, a Democrat from Texas, said in a social media post, in which she shared the open letter in February. “President Trump’s announcement that it will also bear his name (in violation of the law establishing it) and that it will be closed for two years (for unidentified repairs) show the narcissism and lawlessness that define this Presidency.”
Crypto World
Apple Stock Slips After Earnings: Can $280 Hold the Line for a New All-Time High?
Apple (AAPL) stock opened sharply lower on Friday at $304, down more than 9%. Weak fiscal fourth-quarter guidance overshadowed a record June quarter that beat estimates on revenue and earnings.
Shares closed Thursday at $333.43, down 1.41%, days after Apple briefly touched a $5 trillion valuation.
Record Quarter Meets Cautious Guidance
Apple reported June-quarter revenue of $109.42 billion, above the $108.65 billion consensus. Earnings per share reached $2.02, well above the $1.89 estimate. The full results showed revenue up 16% year over year, a June-quarter record.
iPhone revenue climbed 22% to $54.25 billion, while Mac sales jumped 29% to $10.35 billion. However, Services revenue of $30.74 billion and Greater China sales of $18.82 billion both missed forecasts.
The outlook did the real damage. CFO Kevan Parekh guided September-quarter revenue growth of 9%–11%, below the roughly 12% analysts expected. He cited supply constraints, currency headwinds, and a memory cost squeeze driven by AI demand for DRAM and NAND chips.
The report also marked Tim Cook’s final earnings call as CEO. John Ternus, who takes over on September 1, told analysts Apple sees a major opportunity in AI.
Expanding Volume and RSI at 62 Keep Buyers Interested
Before the guidance shock, the daily chart looked firmly bullish. AAPL corrected only modestly from its $344.57 all-time high, holding a fresh support zone around $333. That area capped price in mid-July before the breakout, a classic resistance-turned-support flip.
Momentum backs that read. The daily Relative Strength Index (RSI) sits near 62, just below firmly bullish territory. Meanwhile, trading volume has expanded in recent sessions, a sign of growing participation. That combination fueled the milestone run to a $5 trillion valuation earlier this week.
If the weakness holds, $280 becomes the immediate battleground. The level rejected price in February and caught the sharp early-July dip.
AAPL Price Prediction Hinges on the $315 Zone
Earnings gap-downs sometimes retrace once the initial selling fades. If buyers reclaim $315 in the coming sessions, the structure of higher highs and higher lows stays intact. A recovery of the $333 zone would then put the $344.57 record back in play, roughly 12% above premarket levels.
Failure to reclaim $315 keeps sellers in control and exposes $280. That would mark the deepest correction since the early-July pullback.
Two catalysts could decide the outcome. Long-term memory supply agreements would ease the margin fears behind the weak guidance. Additionally, the redesigned Siri launch this fall could revive the AI optimism that a July forecast identified as a key driver of the rally.
The next few sessions come down to one question. Either buyers set up an attempt at $315, or the post-earnings gap grows into a broader trend reversal.
The post Apple Stock Slips After Earnings: Can $280 Hold the Line for a New All-Time High? appeared first on BeInCrypto.
Crypto World
STS Digital CEO sees three major headwinds for crypto markets
Much of the adoption, however, benefits established financial institutions rather than token holders, Seiler said. As traditional finance integrates blockchain tech into existing workflows, less value accrues directly to crypto assets than investors expected several years ago.
Founded in 2021, STS Digital is a Bermuda-regulated crypto options market maker that provides 24/7 liquidity and pricing for institutional clients trading digital asset derivatives. The firm specializes in over-the-counter (OTC) trading.
AI, regulation add to crypto headwinds
Another barrier to growth is artificial intelligence. Investor enthusiasm for AI has diverted both attention and capital away from crypto, Seiler said.
High-profile developments around companies such as OpenAI, Anthropic and the SpaceX (SPCX) IPO have made AI the market’s dominant growth narrative, according to Seiler.
He also pointed to delays in U.S. market structure legislation, including the Clarity Act, as another factor weighing on sentiment.
Regulatory certainty would help to accelerate traditional finance’s shift toward 24/7 trading and settlement, while creating a more constructive backdrop for digital assets, he says.
Options selling caps volatility
Seiler also said the rapid growth of the institutional crypto options market is suppressing bitcoin’s price volatility.
Bitcoin’s implied volatility has remained unusually subdued in recent months, with the BVIV Index, a measure of expected 30-day volatility derived from bitcoin options, falling into the mid-30% range in recent months, among its lowest levels of the current cycle, before beginning to edge higher in July.
Crypto World
Why Situational Awareness hedge fund imploded, even in a tame stock market
Champpixs | Istock | Getty Images
The stock market looked unusually tranquil. Beneath the surface, one of Wall Street’s fastest-growing funds devoted to artificial intelligence investments was unraveling.
In a matter of weeks, Leopold Aschenbrenner’s Situational Awareness went from managing roughly $45 billion to being forced into a sweeping reduction of its listed-stock positions as a historic momentum reversal triggered losses on both sides of its portfolio and set off margin calls and compulsory sales.
Situational Awareness had built concentrated positions in one of Wall Street’s most popular trades: owning companies expected to supply the chips, data centers, power and other infrastructure behind the AI boom while betting against software firms viewed as vulnerable to the technology’s disruption.
Its long positions were concentrated among some of the market’s biggest AI beneficiaries. Public filings showed large stakes in Nebius, Bloom Energy, Sandisk, CoreWeave, SharonAI and IREN as of March 31. By Wednesday’s close, those shares had fallen between by 50% and 78% from recent peaks.
At the same time, software stocks like Adobe that had been used as the short leg of the trade rallied. That meant the fund wasn’t protected by its hedges. Instead, the longs and shorts lost money simultaneously.
“People get over leveraged in this market, and they get seduced by the big returns that some of these companies can deliver,” said Bob Lang, founder and chief strategist at Explosive Options. “If you’re not managing your risk properly, this is the sort of thing that’s going to happen to you.”
As the value of the portfolio fell, the fund’s equity cushion shrank and its prime brokers demanded additional collateral. Raising cash required selling more holdings, adding further pressure to sliding stocks and generating additional losses. What might otherwise have been a painful drawdown became a deleveraging spiral. Ken Griffin’s Citadel hedge fund reached a deal to buy the fund’s publicly traded assets.
“Running somebody out the door like this is as old as time,” Lang said. “I’ve seen it happen a lot in oil markets … there’s a lot of things that are happening underneath the surface that we really don’t know about.”
Momentum crash
The episode offers a stark example of how a hedge fund can sustain devastating losses even when major stock indexes appear relatively calm. The S&P 500 remained near record levels as the damage unfolded, masking one of the most violent reversals in market leadership in decades.
“There is no other way to put it, we just witnessed the largest/ fastest momentum crash in modern history,” Jonathan Krinsky, chief market technician at BTIG, said in a note. “And it wasn’t particularly close.”
Morgan Stanley’s sector-neutral Momentum Index tumbled 17.4% in just four trading days, its worst such decline on record, according to BTIG. The drop surpassed the momentum reversals that followed the dot-com bust, the pandemic shock and the 2022 inflation-driven bear market.
The iShares MSCI USA Momentum Factor ETF posted its best month ever as recently as April, and is now on pace for its worst month, illustrating how quickly one of the year’s strongest strategies turned into one of its weakest.
iShares MSCI USA Momentum Factor ETF year to date
Clearing event?
AI infrastructure stocks rebounded sharply Thursday as investors increasingly interpreted the previous several weeks of volatility as the product of a technical dislocation rather than a deterioration in the industry’s fundamentals.
With one of the market’s largest forced sellers stepping back, traders rushed into many of the same chipmakers, power companies and data-center plays that had been at the center of the selloff. The tech-heavy Nasdaq Composite jumped for a second day Friday, on track for a weekly gain of 0.9% after suffering steep losses the last two weeks.
Nasdaq Composite 5 days
Still, not everyone believes the forced unwind marks the end of the AI selloff.
Among the most prominent skeptics is Michael Burry of “The Big Short” fame. Burry has been one of Wall Street’s most vocal critics of the AI boom, arguing that much of the industry’s demand is being sustained by financing arrangements rather than end customers.
Rather than viewing Thursday’s rebound as a turning point, Burry used the rally to add to bearish positions in Micron, the VanEck Semiconductor ETF and Nvidia put options, according to a Thursday Substack post.
“The knee jerk reaction to the Paired Momentum unwind yesterday has been to put it back on today,” Burry wrote. “This was a historic reversal, even more so than what happened 26 years ago,” when the dot-com bubble began to burst in 2000.
Burry said oversold and overbought conditions made a short-term bounce unsurprising, but he questioned whether the trade still had staying power.
“The legs,” Burry wrote, already “they look tired.”
Crypto World
Bitcoin Drops to 2-Week Lows as US Stocks Lag Asia’s Rebound
Bitcoin slipped Friday and tested its weakest levels in more than two weeks as market participants pushed risk assets toward the end of the monthly trading window. According to TradingView data, BTC/USD dropped about 3.5% to trade near $62,369 on Bitstamp, a price zone last seen on July 14.
While crypto did not seem to receive the same tailwind as parts of Asia’s equity rebound, the day’s macro cross-currents were hard to ignore. QCP Capital pointed to the outsized role of semiconductor and AI-related exposures in driving swings across regional markets—an environment that appears to be feeding back into crypto liquidity and positioning.
Key takeaways
- BTC/USD fell roughly 3.5% to around $62,369 on Bitstamp, the lowest level in over two weeks.
- US stocks weakened around the monthly close, contrasting with Asia’s rally—especially South Korea’s KOSPI.
- QCP Capital linked crypto activity to the relationship between equity positioning, regional tech sentiment, and crypto liquidity.
- Analysts at CoinGlass showed July ended with strong gains, but at least one trader warns August could bring a rollover similar to 2022.
- Rekt Capital highlighted the 50-month EMA around $65,820 as ongoing resistance after failed breakouts since mid-June.
BTC drifts lower as US equities soften into month-end
TradingView indicated BTC/USD lost ground during Friday’s session, moving toward $62,000 amid broader pressure into the monthly close. The move came despite a rebound elsewhere earlier in the day, when parts of Asia stabilized after a semiconductor-led sell-off.
According to the same macro framing cited by QCP Capital, semiconductor stocks drove both the decline and subsequent recovery because major indices remain heavily weighted to the global AI and memory-chip cycle. That concentration helps explain why an equity catalyst can quickly translate into shifts in sentiment—and potentially liquidity—across correlated markets, including crypto.
QCP Capital added that crypto trading activity increased around the KOSPI’s sharp swings, describing it as evidence of a growing relationship between crypto liquidity, regional equity positioning, and broader technology-sector sentiment. The firm’s argument is less about a single day’s price and more about how the plumbing of liquidity may be changing alongside technology-driven equity narratives.
Asia rebounds while the US turns cautious
US stocks traded red at the open before leveling out, which diverged from the earlier rebound seen in Asia. South Korea’s KOSPI index finished the day up 17.9%, its largest single-day gain on record, according to figures referenced in the market commentary.
The day’s backdrop also included currency and rate dynamics. The commentary noted that both Japan and Korea reportedly engaged in currency interventions on Thursday, while Japan’s central bank kept benchmark interest rates at 1.0% after the US Federal Reserve decided to hold steady earlier in the week, following the US PCE inflation update.
For crypto traders, the practical takeaway is that “risk-on” can appear in pockets while “risk management” remains active in other major venues. When that happens, BTC can still underperform even as some regional equities bounce—particularly when liquidity flows are being reallocated quickly between markets.
July strength sets up a test for August
Even with Friday’s pullback, BTC’s monthly performance has looked constructive. CoinGlass data referenced in the article showed BTC/USD was up 8.5% for the month as of the end of the monthly candle, its strongest July showing since 2022.
That improvement mattered because earlier positioning had already shifted toward the idea of a relief bounce extending into August. The comparison traders were drawing was specifically to the 2022 bear-market structure: a rally that ultimately transitioned into a subsequent move toward a next longer-term bottom.
Rekt Capital—one of the analysts cited for that 2022 mapping—forecast that any bullish attempt might not hold immediately. In an X post on Friday, he wrote that price could try to “maintain these highs in the early stages of August,” but that history suggests a rollover similar to what occurred in 2022.
Technical resistance remains in focus near the 50-month EMA
Rekt Capital also pointed to a technical level that has limited follow-through. He reiterated that Bitcoin’s 50-month exponential moving average (EMA), currently around $65,820, has continued to act as resistance. In his view, that has been visible through two failed breakouts since mid-June.
For investors and traders, the implication is straightforward: even when BTC can put together a strong July, the next phase depends on whether it can clear longer-term trend resistance rather than merely bounce within an existing range. Levels like the 50-month EMA tend to attract both systematic and discretionary attention because they represent a longer horizon for trend definition.
That context also helps reconcile the mixed picture on Friday. BTC weakening toward the low-$60,000 area may be consistent with traders taking profits or reducing exposure as the market transitions from a month-end catalyst period into a new monthly cycle—especially if macro uncertainty and equity volatility persist.
Going forward, readers should watch whether BTC can reclaim and hold above the mid-$60,000 resistance area highlighted by the 50-month EMA and whether August follows through on the “rollover” scenario traders cite from 2022—or instead breaks the pattern and sustains higher levels despite the month-start shift.
Crypto World
Wintermute Data Shows Institutional Flow Is Killing Broad Altcoin Rallies
Wintermute reported that institutional investors accounted for a record 72% of spot OTC trading volume on its desk in the first half of 2026, up from roughly 61% in the second half of 2024, a structural shift that the firm says makes broad-based altcoin rallies significantly less likely going forward.
The implication is direct: the capital formation mechanism that historically sent profits cascading from Bitcoin into ETH and then down the altcoin long tail is no longer functioning the same way, and retail traders still positioning for an indiscriminate altseason may be running an outdated playbook.
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Wintermute: Capital Is Concentrating, Not Dispersing
Wintermute’s analysis frames the shift as fundamentally about mandate-driven versus speculation-driven capital. Institutional participants operate under defined risk limits and hold positions over longer periods, which means their flow concentrates in assets with demonstrated liquidity, regulatory clarity, and identifiable fundamentals, not in tokens riding narrative momentum.
The report noted that realized volatility has declined from roughly 70% in earlier market cycles to around 45% in the current one, a direct consequence of institutional order flow replacing retail-driven speculation as the marginal price setter.
Lower volatility compresses the explosive upside that defined 2021-style altseasons, but it also reduces the severity of the unwind.
For traders, the operational takeaway is that OTC block flow, executed away from public order books, is increasingly where price direction gets established. Retail participants reacting to exchange order book moves may consistently find themselves a step behind positioning that was set in bilateral institutional trades.
This dynamic is visible in the institutional infrastructure buildout accelerating across major crypto venues.
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RWA Tokenization as the Institutional On-Ramp
The tokenized real-world asset market reached $31 billion in H1 2026, representing roughly a 50% increase over the prior period, according to Wintermute’s data.
Average monthly transfer volume more than doubled to $9 billion, which signals operational adoption rather than speculative positioning, institutions are moving these assets, not just accumulating them.

The primary instruments attracting institutional capital are U.S. Treasuries, money market funds, and private credit, yield-bearing products where blockchain infrastructure delivers settlement efficiency and programmatic compliance without changing the underlying risk-return profile. This is not institutions chasing crypto-native yield; it is traditional finance running familiar instruments on new rails.
Wintermute also noted that altcoin options notional volume on its OTC desk increased approximately 3.4 times from the second half of 2025 to the first half of 2026, driven by yield-seeking strategies rather than outright directional bets.
Contracts for difference are being deployed across a wider range of tokens for hedging and basket strategies. The derivatives expansion reinforces the same thesis: institutional participants want structured exposure, not raw token speculation. The pattern mirrors broader institutional demand for collateral-grade crypto assets with defined utility.
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The post Wintermute Data Shows Institutional Flow Is Killing Broad Altcoin Rallies appeared first on Cryptonews.
Crypto World
Quantum computing nears commercial breakthrough, IBM CEO says
Unlike AI, which has driven a surge in demand for graphics processors to train and run large language models, quantum computing targets a different class of challenges. Researchers say the technology could accelerate molecular simulations, optimize complex logistics networks, advance materials science and improve cryptography.
Krishna said IBM has already demonstrated some of that potential, using quantum computers to uncover properties of materials that conventional computers had been unable to model. Those insights could eventually contribute to longer-lasting batteries, new materials, fusion energy research and drug discovery.
Growing confidence around commercialization has been matched by rising investment. In May, IBM announced plans for a standalone quantum chip foundry backed by a $1 billion commitment from the U.S. Department of Commerce through the CHIPS incentive program, alongside a matching $1 billion investment from the company. Other developers have also expanded manufacturing capacity and research partnerships as they push toward fault-tolerant quantum computers.
The industry’s progress is also drawing attention from the digital asset sector. Several publicly traded bitcoin miners, including MARA Holdings (MARA), Riot Platforms (RIOT) and CleanSpark (CLSP), have diversified into AI and high-performance computing, leveraging their data centers and power infrastructure for new computing workloads.
Quantum computers won’t simply slot into today’s AI data centers. They require entirely different hardware and operating environments, meaning the industry will need new facilities and supply chains as the technology matures.
Crypto World
Bitcoin Price Analysis: Is BTC Heading Below $60K After the Latest Rejection?
Bitcoin is still under pressure across the higher time frame despite stabilizing above recent swing lows. While the short-term structure has shifted into consolidation, the broader trend continues to favor sellers unless BTC can reclaim several key resistance levels.
Meanwhile, futures market data shows aggressive market buying beginning to return, potentially laying the groundwork for a relief rally if the price confirms the move.
Bitcoin Price Analysis: The Daily Chart
The daily chart shows BTC trading around $63.3K after its sharp late May breakdown from the $74K region. The selloff pushed the asset well below both the 100-day moving average, currently around $69K, and the 200-day moving average near $71K, leaving the broader market structure bearish.
Since the decline, BTC has entered a sideways consolidation between roughly $60K and $67K. Buyers have repeatedly defended the lower boundary of this range, while the $67K resistance zone continues to cap every recovery attempt.
Beyond the major resistance at $67K, the confluence of the 200-day moving average and the $72K to $74K supply zone is the next potential target, if an upside move materializes. A successful reclaim of those levels would improve the medium-term outlook and could expose the next resistance around $82.5K.
On the downside, immediate support remains around $60K. Losing this level would likely shift attention toward the broader support area around $54K if selling pressure accelerates, which will make the bear market both longer and deeper.
BTC/USDT 4-Hour Chart
The 4-hour timeframe shows Bitcoin consolidating after breaking below a rising channel that had supported the recovery throughout July. The channel breakdown suggests that bullish momentum has weakened and that the recent advance has transitioned into a corrective phase.
The price is currently testing the short-term support around $63K to $63.5K after rejecting the $65K resistance area. As long as this support holds, BTC could continue ranging inside this zone or potentially have another go at the $65K resistance in the coming weeks. On the other hand, a decisive breakdown below $63K would likely increase the probability of another move toward the previous demand zone around $60K.
On the upside, reclaiming the resistance area around $65K to $65.5K would be the first indication that buyers are regaining control, with the broader resistance near $67K remaining the key hurdle for a stronger recovery.
Sentiment Analysis
The Taker Buy Sell Ratio offers insight into whether market participants are executing more aggressive buy orders or sell orders. Values above 1 generally indicate buyers are taking the initiative, while readings below 1 suggest sellers remain dominant.
Although Bitcoin’s price has remained trapped near $64K, the 100-period EMA of the Taker Buy Sell Ratio has climbed above the neutral 1.0 level and continues to hold above the threshold. This divergence indicates that aggressive buying activity has strengthened even as price has failed to respond meaningfully.
Historically, sustained periods where taker buying leads while price consolidates can precede stronger directional moves if spot demand eventually absorbs overhead supply. While this does not guarantee an immediate breakout, it suggests underlying demand is improving beneath the surface.
For now, this bullish futures signal still requires confirmation from price. A break above the $67K resistance zone would align improving order flow with bullish price action, while a loss of the $60K support area would invalidate the near-term constructive outlook despite the positive shift in taker behavior, and potentially lead to another long liquidation cascade.
The post Bitcoin Price Analysis: Is BTC Heading Below $60K After the Latest Rejection? appeared first on CryptoPotato.
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