BARD is up 53% in a day — and the 'Ledger integration' headline behind it is from January.
I checked the dates. Ledger's BTC Yield with Lombard launched January 14; the October change was Lombard taking the product over from Figment. What is fresh is a November 12 roadmap announcement — Bitcoin capital markets — and a tape that exploded: November 11 did $2.7M of volume; the last 24 hours did over $260M. November 11 closed at $0.0828; today is more than 50% above it.
BARD still sits about 27% down on the week, and the 1-hour RSI is 80. This is a squeeze, not a trend change yet. Perp funding is deeply negative — shorts pay to stay short — with ~40% of 1B max supply circulating, moves like this cut both ways.
Support $0.0806 · Resistance $0.1418
A daily close under $0.10 says the squeeze failed; above $0.1418 says there's a second leg.
So is this a squeeze to fade at $0.1418, or does the roadmap earn it a second leg?
NFA, DYOR.
$BARD $BTC #Bitcoin #BARD #BTCFi #Lombard
I checked the dates. Ledger's BTC Yield with Lombard launched January 14; the October change was Lombard taking the product over from Figment. What is fresh is a November 12 roadmap announcement — Bitcoin capital markets — and a tape that exploded: November 11 did $2.7M of volume; the last 24 hours did over $260M. November 11 closed at $0.0828; today is more than 50% above it.
BARD still sits about 27% down on the week, and the 1-hour RSI is 80. This is a squeeze, not a trend change yet. Perp funding is deeply negative — shorts pay to stay short — with ~40% of 1B max supply circulating, moves like this cut both ways.
Support $0.0806 · Resistance $0.1418
A daily close under $0.10 says the squeeze failed; above $0.1418 says there's a second leg.
So is this a squeeze to fade at $0.1418, or does the roadmap earn it a second leg?
NFA, DYOR.
$BARD $BTC #Bitcoin #BARD #BTCFi #Lombard
