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What’s Next for BTC After Reclaiming $70K?

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What's Next for BTC After Reclaiming $70K?

Bitcoin is pushing into a more decisive part of its recovery. After spending weeks rebuilding from the February flush, the market is no longer just defending support. It is now pressing toward a key resistance cluster around the $80K, which makes this the kind of area where a simple relief rally either matures into something bigger or gets rejected back into range.

Bitcoin Price Analysis: The Daily Chart

The daily chart is improving, but it has not fully turned bullish yet. BTC has managed to climb from the blue demand area near $60K to $62K and is now moving toward the old breakdown region around $75K to $80K. That is an important development, because this yellow zone acted as support before the market lost it during the broader downtrend. Reaching it again shows that buyers have regained some control, but reclaiming it is a different question altogether.

The broader structure still asks for caution. The price remains below the declining 100-day and 200-day moving averages, and both of them are still sloping lower, which means the macro trend has not been repaired yet. In other words, BTC is rallying into overhead supply while still sitting under major trend filters. If buyers can force a daily acceptance above the $75K area, the technical picture would improve materially. If not, this remains a rebound inside a larger corrective phase.

BTC/USDT 4-Hour Chart

On the 4-hour chart, the recovery looks much cleaner. Bitcoin has been carving out a rising structure with higher lows, and the latest leg higher has carried the price right back toward the upper boundary of that formation. The market is not drifting upward anymore. It is actively pressing resistance, and that usually precedes either a breakout or a sharp reaction.

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Momentum supports the idea of short-term strength, with RSI pushing into the upper end of its range. Still, that also means BTC is arriving at resistance with momentum already stretched. So the next move matters. A clean break above the channel top and the $73K to $75K supply band would suggest continuation toward the next overhead zones. A rejection here, on the other hand, would likely send the price back toward the mid-range and keep the market trapped in consolidation for longer.

On-Chain Analysis

The on-chain backdrop adds an interesting twist. Bitcoin’s adjusted SOPR is still below 1, which means coins moving on-chain are, on average, still being spent at a loss. That tends to happen in corrective or transitional phases, when the market has not yet fully returned to profit-taking behavior. So despite the recent price recovery, the network data suggests the broader reset is not entirely over.

At the same time, aSOPR has started to rebound from its recent lows, which is an early sign of improving conditions. That does not confirm a new expansion phase on its own, but it does hint that the worst of the capitulation pressure may already be behind the market. Put differently, price is testing resistance while on-chain behavior is trying to heal. If those two start aligning through a confirmed breakout on the chart and a move back above 1 on aSOPR, Bitcoin’s outlook would become much stronger.

 

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Crypto World

Altura Launches Onchain Gold Arbitrage Vault for Retail Users

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Altura Launches Onchain Gold Arbitrage Vault for Retail Users

Altura, a decentralized finance protocol founded by former Fidelity and PwC staff is launching an onchain gold arbitrage strategy aimed at retail investors, targeting 20% annualized returns, according to a Thursday release shared with Cointelegraph.

According to Altura, the product pools user deposits into a vault that recycles capital through short-duration physical gold trades. Unlike platforms like Robinhood or Revolut that offer passive gold price exposure, Altura claims to be tokenizing the underlying arbitrage process itself.

The company says it has raised $4 million in funding and has already facilitated the movement of about 185 kilograms of gold, representing roughly $28.5 million in cumulative transaction volume, per the release. 

Matthew Pinnock, co-founder and chief operating officer of Altura, told Cointelegraph the goal is to “bring an institutional-style gold strategy onchain in a way that retail investors can actually access.”

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The launch comes as spot gold trades near record levels after surging to an all-time high above $5,300 an ounce in January, though it has since pulled back sharply. Altura’s launch points to a new phase in tokenized real-world assets, where projects are no longer just offering passive exposure to commodities but are trying to package institutional trading strategies as onchain DeFi yield products for retail users.

A strategy typically reserved for institutional traders

Pinnock said Altura’s “revenue-generating trading strategy” was historically used by institutional commodities desks, and that high capital requirements, legal complexity and counterparty risk in traditional bullion arbitrage have effectively kept smaller investors out of this type of trade.

Gold price over the last 12 months. Source: Trading Economics

Gold purchased on behalf of Altura by its trading partner Inessa is tokenized at acquisition, Pinnock said, with those tokens escrowed through each trade and custody transitions recorded via dual cryptographic signatures. Depositors do not hold direct title to bullion but gain exposure to returns generated by the trade flow, he added.

Altura’s setup depends on a network of offchain actors. The company says it is working with Aurellion Labs and Inessa, which in turn partners with air-cargo specialist Zeal Global, to execute and verify trades.

Related: Gold hits record high over $5K, further diverging from Bitcoin

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On the targeted 20% yields, Pinnock said the strategy is structured to be “close to delta-neutral,” with trade terms agreed before logistics execution begins so that returns come from price discrepancies between counterparties rather than directional bets on the gold price.

Each arbitrage cycle typically completes within one to two days, allowing capital to be recycled multiple times and limiting exposure to spot moves, he said, while acknowledging that yields would compress if pricing inefficiencies narrow.

Related: Tokenized gold drives weekend price signals while CME futures are closed

Rising interest in real-world yields

The launch comes amid rising interest in “real-world” DeFi yields, as tokenized asset and RWA protocols grew to roughly $17 billion in total value locked in December 2025, according to DefiLlama data.

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However, a joint report by RWA.io and Veritas Protocol in that same month found that losses from onchain operational failures in tokenized RWA markets rose to $14.6 million in the first half of 2025, a 143% increase from the previous year, highlighting how complex offchain structures can still translate into user losses.

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