USDTHB

While prices have stopped plummeting, the latest data still indicates overall weakness, and traders are continuing to proceed with caution.

On the daily canvas, Bitcoin presents itself as a structurally bearish figure, its price tracing lower highs with the inevitability of a tragic hero’s downfall. The recent sell-off, a tempestuous affair, has breached the former bastion of $75,000, unleashing a torrent of liquidations. Yet, as the price approached the $60,000-$62,000 demand zone, the selling fervor waned, as if the market had paused to catch its breath, to reconsider its rash decisions.

On Fox, a glossy video materialized featuring Trump, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, all looking as earnest as a group chat at 3 a.m. They were there to sell you something shinier than patriotism: cryptocurrency, with the promise that your money would be “doubled,” which in this economy translates to a haunted bicycle with two flat tires and a spritz of optimism.

According to the chronicles of Shibburn, the once-mighty burn rate has collapsed like a poorly constructed Potemkin village. Compare this to the glory of Sunday, when the zealots managed to consign over a million SHIB to the unspendable void. Ah, but those were the days of wine and roses, or at least, of fleeting optimism. Now, the pyre smolders, and the air is thick with the scent of despair.

In a move that screams “I have more money than sense,” Kris Marszalek, the big cheese at Crypto.com, decided $70 million was a perfectly reasonable price for ai.com. The FT reports this as the priciest domain sale ever, because apparently, the internet is now a high-stakes game of Monopoly.

Monday’s whispers speak of a weekly close above the fabled $69,000, a bastion of support. Yet, the Stochastic RSI, that fickle muse, teeters at its zenith, threatening to plunge and betray the bulls’ fervor. Sideways consolidation, they say, is the best one can hope for-a lull in the storm, a moment to catch one’s breath. But will the trendlines, those silent arbiters of fate, hold their ground? The falling wedge, once a cradle, now a guillotine, awaits its moment.

The study laid bare discrepancies in trading volumes, open interest, and liquidations across Hyperliquid, Aster, and Lighter, leaving readers with a burning question: what constitutes genuine trading activity in this bazaar of buzz and bravado?

The SAFU fund now holds 10,455 BTC, or about $734 million at current market prices, after acquiring an additional 4,225 BTC, or about $299.6 million, according to on-chain data and Binance’s official statements.

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The price slide has made DOGE cheaper to lay hold of at the current trading price. Meanwhile, on-chain signals hint that holders aren’t bolting for the door; if anything, the sentiment looks as steady as a mule in a plow line.