The decline scenario $BTC is getting more and more confirmations.
Yesterday we saw a sharp pump - but where is the price now? ๐ Buyers couldnโt hold the momentum and continue the local uptrend. This may indicate a lack of strength from the buyers.
๐ฏ Key level - $82,500. A hold below this level will become an additional signal in favor of the continued decline.
Plus the end of the week could add volatility - so the nearest price reaction will be especially important.
Iโm watching exactly $82,500. If the level is lost on a hold, the bearish scenario will gain additional confirmation.
Are you expecting the fall to continue or another dip-buying? ๐
If anyone else still remembers this project, then in the last few days the CEO has been active and made posts claiming that in 72 hours there will be a snapshot and theyโll distribute the drop.
According to him, active users will get an airdrop of more than $10k+, and those who made 10+ swaps and held a lot will get at least $1k. Interestingโ is this another empty air drop?
Thereโs a kind of unwritten superstition: if a project looks too good on paper, itโs time to expect some kind of surprise.
๐ Over the past six months, thereโs been a lot of hype around the $ARC blockchain related to Circle and USDC. By design, the infrastructure is aimed primarily at businesses and financial applications. ๐ And now theyโre launching ARC, holding a conferenceโand in literally a matter of hours, Twitter is already ready to throw the project onto the bonfire ๐ Whatโs most funny is that sometimes the market can bury a project faster than it even manages to launch properly.
Welcome to crypto. Here even a conference can become a bearish catalyst. ๐ซ
Market logic right now is about like this: "Dropped the price right down to support and let the crowd buy? Then itโs time to fall even lower" ๐คก
And the most interesting part is that the market hasnโt even managed to play out the main news from the CLARITY Act yet: Republicans rejected the Democratsโ counterproposal.
P.S. What about that same flag on the chart that "according to TA was supposed to break ONLY UP"? ๐ Crypto is reminding everyone again: the chart owes nobody anything.
An initiative called Democratsโ CLARITY Act was introduced in Congress, but Republicans rejected it. It seems that the issue of crypto regulation in the US is once again far from being fully clear. ๐บ๐ธ For the market, this could become another source of volatility. Weโre following developments ๐
Donโt rush to panic. Maybe ahead of us thereโs still ETH at about ~$1200. And then the main thing is not to regret not holding back a bit of liquidity for a moment like that. $ETH at $1200 - a nightmare or a gift? ๐
Someone placed $1,101,141.67 that during the World Cup match between Brazil and Scotland, there would be no alien abductions. ๐ฝ In the end, the player received 1,102,311, earning just a bit more than 1,169 CAD in what is virtually the most โsafeโ market you could possibly imagine.
Polymarket continues to prove that you can bet on literally anything here. ๐ $BNB $HYPE
๐ฐ Someone placed almost $200,000 against France on Polymarket
A new wallet has appeared on the Polymarket platform, making just one bet that France will NOT beat Morocco in the quarterfinal.
๐ Trade parameters: โข Bet size $194,220 โข Outcome: France will not win โข Potential payout $511,105 โข Current position value $196,775 (+ $2,555)
The most interesting part is that this bet makes up almost the entire portfolio (~$196.8K). The person effectively staked their entire bankroll on a single outcome. $BTC $ETH
๐ถ Scam for $20M $BONK that almost nobody noticed?
I think many of you have already heard about the โhackโ of BONK for $20M. But the most interesting part here is not the amount itself, but how it happened.
๐ If as briefly as possible: โข A person bought BONK tokens for about $4M, which gave them the right to participate in DAO votes. โข Then an initiative was created... to transfer the same wallet $20M in tokens $BONK
โณ The proposal hung around for about a week, but practically nobody noticed it. Judging by how the token holders acted, they simply didnโt care. After that, the author of the proposal voted with their tokens, gathered the required number of votes, and legally received those $20M.
๐ค In essence, calling it a โhackโ is hard to do. The person simply used the rules that were built into the system. The real problem here isnโt the hackโitโs the complete lack of oversight over DAO governance.
๐ญ Whatโs most interesting is that, according to many people, even not $4 M, but just a few hundred thousand dollars could have been enough for such a maneuver. Another reminder that poorly designed governance can be more dangerous than any hacker. ๐
This is a DEX exchange closely connected with Coinbase and the Base blockchain. Theyโre building a competitor to Uniswap and #Pancakeswap
Over the last month, the price has grown by 80%, but even now the asset looks promising and there is 2โ2.5x potential for growth. In the next couple of months, the team promises several important updates. Take a look.๐
Ronaldo ยซswayedยป gamblers with @Polymarket After the loss and the national teamโs exit from the World Cup, he tried to hold back his tears. The platform decided that there were no tears. Thousands of players who bet on โRonaldo would cry at the World Cupโ are trying to prove that there were tears. ๐คฅ