Time to Buy $BTC?
Open Interest is Almost Like #Bitcoin at 58k
Open Interest for 7 days change is under deleveraging area. What does that mean?
When the OI ratio's change for 7 days down to the section, that means we can define the time to buy. Since August 2024, we have been observing one of the deepest areas in the Crypto Market
To remember, at this time (2024 Aug), #BTC's price was around 58 - 60k. After that, the price goes up to ~106k
$BTC Bitcoin's price has been on a decline this week, falling over 5% and trading around $88,900 as of Friday . The cryptocurrency has been range-bound between $85,500 and $90,200, consolidating within a key support and resistance structure .
*Key Observations:*
Initial Support Holding: Bitcoin is expected to hold support within the $83,323.18 - $85,500 zone to maintain a bullish structure ².
Expected Weekly Closing_: BTC is likely to close within the $88,500 - $90,200 range, unless a strong breakout occurs .
Range-Bound Price Action_: Bitcoin is currently consolidating between $85,500 - $90,200, with key breakout levels at $90,200 (initial resistance) and $92,500 - $93,500 (major resistance).
*Technical Analysis:*
- Bitcoin is in a falling trend channel in the short term, signaling increasing pessimism among investors and indicating further decline ³.
- The currency has support at points 80,000 and resistance at points 92,600 ³.
*Market Outlook:*
- Some analysts believe Bitcoin will reach $241,000, while others predict a drop to around $60,000 in 2026.
- The U.S. government's decision to hold onto its Bitcoin reserves, MicroStrategy's continued accumulation of BTC, and Coinbase's growing custodial services suggest institutional confidence in Bitcoin's long-term value.
Bitcoin Rises and Falls $10,000 in a Day... Crying and Laughing with Trump
Bitcoin prices have been repeatedly surging and plummeting based on 'Trump's words.' Experts predict this volatility will continue for at least another year.
According to cryptocurrency market tracker CoinMarketCap on the 9th, Bitcoin prices have been on a roller coaster recently. The volatility has been particularly pronounced this month. The price, which was below $84,000 on the 1st of this month, touched $95,000 on the 3rd, only to drop back to the $82,000 range just two days later. Min-seung Kim, head of Korbit Research Center, diagnosed that "Bitcoin volatility has been maximized" and "the market appears to be mixed."
The cause of the volatility is US President Donald Trump. President Trump unexpectedly announced the US government's plan to strategically stockpile cryptocurrencies on the 2nd, stimulating Bitcoin investment sentiment. However, the very next day, when President Trump signed an executive order imposing tariffs on China, Mexico, and Canada, fears about economic uncertainty hit the cryptocurrency market.
Bitcoin prices continued to fluctuate afterward. This was due to the intertwining of Trump-driven positive and negative factors, such as the postponement of tariffs on Mexico and Canada, and the White House's "Virtual Asset Summit." Regarding this, analysis platform Sentiment noted that "rapid cryptocurrency policy changes surrounding the US and global tensions have pushed market volatility to its peak."
The problem is that this situation is likely to be prolonged. Above all, market uncertainty due to President Trump's aggressive tariff policy is cited as the biggest variable. Gracy Chen, CEO of global cryptocurrency exchange BitGet, pointed out that "short-term volatility is inevitable in the process of adapting to President Trump's capricious policies and changes in the regulatory environment."
#MarketPullback
Weekly Chart $SOL : Critical Support Test After Sharp Decline
$SOL /USDT is currently trading at $127.90, down 6.65% on the weekly chart, testing a crucial support zone. The recent sharp decline indicates significant selling pressure, and the price is now hovering around a key level of $128. This level is critical for determining the long-term trend. If the support holds, we might see a potential bounce towards previous consolidation zones. However, a decisive break below this level could lead to further downside, potentially targeting lower support levels. Traders should watch for volume confirmation and price action within this range. #SOL
{future}(SOLUSDT)
Two nights Ago, I reminded one of my family members about a potential $BTC SELL at $90,100, advising them to consider taking profits as the market showed signs of weakness. This morning, they expressed frustration, realizing they missed out on a massive opportunity as Bitcoin has now dropped back to $82,000.
Curious, I asked them what price they set their sell order at, and they confidently said $90,100. I couldn’t help but feel stunned. That figure was simply an approximate suggestion, not an exact number to execute at. Using round numbers rarely works perfectly in volatile markets. Precision matters when setting exits just as much as it does for entries.
Now, the big question is whether there's still room for further downside, possibly toward $78,500. Predicting exact market movements is never easy, but given the current bearish momentum, another drop within the next few days (possibly between the 18th and 26th) is not out of the question. However, waiting too long for an even bigger crash can sometimes mean missing out on locking in gains altogether.
The lesson here? No one can always sell at the absolute top. Chasing the perfect exit is just as dangerous as chasing the perfect entry. When prices are near major resistance and market sentiment is shifting, taking profits even slightly below the expected peak can be a highly profitable decision.
In the end, trading requires flexibility—instead of aiming for exact round numbers where many traders set their orders, it’s often better to place orders slightly above or below key levels. That small adjustment could be the difference between locking in massive profits or missing the opportunity entirely. A great trade means securing gains, not chasing perfection.
#btccrashed
Curetopia Countdown: 48 Hours Left in the $CURES Auction
$CURES crossed its 2.98K SOL min raise yesterday
Now at 3.54K SOL raised!
Today + tomorrow = last chance to get in before the TGE on Tuesday
Why we’re bullish on Curetopia 👇
1. Market Opportunity
> Rare diseases are 10,000+ untapped markets ($200M-$500M each)
> Blockbuster hits that started as rare disease drugs: Viagra, Statins, Thalimode
> Repurposed drugs slash costs and bypass regulatory hurdles
2. AI x Biotech x DeSci
> Use yeast avatars to simulate human diseases (Curetopia founder previously published widely-cited findings on this method in Nature Genetics)
> AI finds patterns in crowdsourced patient data
> Drugs are refined & tested in 2-4 weeks
3. Early Traction
> 1st Discovery: Curetopia’s model already uncovered actionable hits for AARS2 Deficiency - a fatal rare disease with no treatments
> Patent: AARS2 results are the basis for a provisional patent onchain, being filed immediately and overseen by the DAO
> IP: CURES holders vote on how IP proceeds are allocated
4. Team
> Dr. Ethan Perlstein (Harvard PhD & YC alum) previously took a rare disease drug to Phase 3 trial for $5M (vs. the usual $100M)
> Perlstein has been working with rare disease families to find cures & crowdsource patient data via decentralized trials for 10+ years
> Partner lab Perlara PBC is stacked with PhDs specializing in clinical therapies for metabolic diseases
5. The Set-Up
> First BioDAO on @solana
> Partnered with $MIRA community (holds 13.8% of $MIRA supply)
> CURES/BIO pool will be deployed on Solana shortly after the auction closes this Tuesday, March 11th at 6pm UTC. No waiting. Near instant liquidity.
How to get CURES 👇