#Bitcoin is breaking the level I mentioned yesterday.
If we get a daily close below it, I’ll consider a short toward the 75k area. This would also work as a hedge against the #Ethereum long I shared with you.
$TNSR gave a breakout of the falling wedge #pattern and tapped into the resistance area exactly. Price rejected it and now made a new lower low, reached the support zone too. Once the price breaks the area, you can build a short position and go long only after the rejection in HTF. #crypto
a16z-backed #crypto custody startup Entropy is shutting down after four years, with founder Tux Pacific saying remaining capital will be returned to investors. #crypto
⚡️ TODAY: #Coinbase CEO Brian Armstrong calls for easier capital formation for private companies, envisions a future where firms can go public entirely onchain. #crypto
- A newly created wallet "0xcA0" bought 61,000 $ETH worth $171.15M from Binance. - The whale "0xFB7" further bought 20,000 $ETH worth $56.13M from WinterMute and now holds 100,130 $ETH worth $283.79M. Addresses:
📊 #BTC The market is bleeding, but the true bottom hasn’t arrived yet, according to on-chain analysis. NUPL (Net Unrealized Profit/Loss) is falling but remains positive. historically, true cycle bottoms only form once it turns negative, indicating full capitulation. Delta #Growth Rate (Market Cap vs. Realized Cap) is already negative, signaling the end of speculation and the beginning of fundamental accumulation. Pain may continue. Patience comes before generational buying opportunities. #crypto