One Day Can Change The Rules For An Entire Network
With more than $7.2B in peak TVL achieved through its Bitcoin Staking Protocol and 1.5 billion BABY allocated for community incentives and ecosystem growth, Babylon has reached a stage where governance decisions affect far more than protocol upgrades they influence how one of the largest Bitcoin-native ecosystems evolves.
Instead of simply shortening the voting period, Babylon reduces it to 1 day while simultaneously increasing the approval requirement to 66.7% Yes (excluding Abstain votes). $BABY governance doesn't trade security for speed. It makes faster decisions significantly harder to approve.
A shorter voting window naturally means fewer delegators have time to participate or override validator votes. Raising the approval threshold offsets that reduction in participation rather than ignoring it. Reading the governance specification alongside @BabylonLabs_io network scale makes the design feel intentional. A protocol that has already secured billions in value cannot treat emergency governance as an exception to its security model.
That balance is one of the more understated parts of #baby - The governance rules are not only deciding how proposals pass they also determine how much additional consensus is required when the network needs to move quickly.
The Breakout Trading Strategy I Use to Catch Big Moves
Iโve longed resistance and shorted support for 9 yearsโฆ This is the exact opposite of what every trader tries to do. In this article, I will share my entire strategy so you can skip years of testing and losses. This is something you will want to bookmark, take notes on, and set time aside to think about. Lesson 1: The Only 2 Trading Strategies Before you can identify good momentum setups, you need to understand what momentum trading actually is. Momentum and mean reversion are opposite strategies based on opposite assumptions. The Two Trading Styles Momentum (where you take a trade betting on a continuation of the current trend)Mean Reversion (where you take a trade betting on a reversal of the current trend) One assumes strength continues; the other assumes strength exhausts. Letโs consider this through a visual example. Suppose price is approaching a resistance level (in other words, a level where there was previously selling pressure, preventing the price from moving higher). Momentum assumes the level will break. Youโre betting on continuation.Price approaches resistance, you buy, expecting it to push through and keep running.The level becomes support once broken. Mean reversion assumes the level will hold. Youโre betting on rejection.Price approaches resistance, you short, expecting it to bounce back down.The level acts as a ceiling. Same chart. Same resistance level. Opposite strategies. There is no right or wrong. The key is to understand when you are in a momentum trade environment, such that momentum strategies are highly aligned. The next section shows you exactly how to identify when the environment favours momentum (my best strategy). Lesson 1 Summary There are 2 trading styles: momentum and mean reversionMean reversion bets levels will hold; momentum bets levels will breakOne is not better than the other; it depends entirely on the trade environment Lesson 2: Optimal Trade Environment Just opening a long every time price hits resistance won't make us any money. Without the right conditions, momentum dies immediately after the breakout. You enter. It reverses. You're stopped out. That's not bad luck, that's a bad trading environment. The Rowing Analogy Imagine youโre rowing a boat. You either row against or with the current. One makes it easier to row while the other takes a lot more effort. Your boat, or rowing technique, didnโt changeโฆ Only your environment did. Trading is the same. Your strategy is your boat. Your optimal trade environment is the current. Now use this 3-filter checklist to ensure you only take trades where a breakout is likely (with the current). Filter 1: How Did Price Approach the Level? What you WANT: A slow, grinding staircase pattern approaching resistance.Each candle makes incremental progress.Higher lows are stacking up.Controlled, deliberate movement. What you DONโT want: A fast vertical spike into resistance.Price shoots up in one or two large candles.After a spike, buyers' strength is depleted and price typically consolidates or reverses.This is exhaustion, not momentum. The staircase pattern shows sustained buying pressure building gradually. When this breaks through resistance, buyers are still engaged and ready to push further. Common mistake: Traders see a strong candle break resistance and assume momentum is strong. But these fast moves often reverse quickly. โ Do this instead: Take momentum trades when price approaches resistance in a slow, grinding staircase over multiple candles. Real Trade Example: Slow clear grind into resistance showing an optimal โprice approach to levelโ for momentum. Filter 1: slow grindy staircase โ Filter 2: What Did Volume Look Like? Volume confirms whether the price movement has conviction behind it. What you WANT: Gradual increase in volume as price approaches resistanceThis pattern shows controlled, sustainable momentum. What you DONโT want: Flat volume (no conviction) or sudden volume spikes (exhaustion).Flat volume means the move lacks participation.Volume spikes often mark climax points where momentum exhausts.Decreasing volume (why would price break out of resistance now, if volume was lower than before?) Volume should mirror the price pattern, steady and building, not erratic. This strategy works because momentum continuation is most likely when participation is sustained, supply is absorbed gradually, and structure remains intact. Real Trade Example: Around the time the grindy staircase begins to emerge, we see a slow, consistent increase in volume. Filter 1: slow grindy staircase โ Filter 2: clearly increasing volume โ Lastly, Filter 3: Moving Average Crossovers This filter distinguishes trending markets (good for momentum) from choppy, indecisive markets (bad for momentum). What you WANT to see: Moving averages with minimal crossovers. This indicates a directional trend. What you DONโT want to see: Frequent crossovers. This signals chop and indecision. Fewer crossovers = cleaner trend or range = better momentum continuation. Use the 30SMMA (Smoothed Moving Average). โ๏ธQuick Actionable Step: To add the 30SMMA on your charts: Search for the Smoothed Moving Average Indicator in TradingViewAdd it to your chartGo into settings and change the "Length" to "30" Real Trade Example: Filter 1 (Price Action): slow grindy staircase โ Filter 2 (Volume): clearly increasing volume โ Filter 3 (Crossovers): minimal MA crossovers โ ๐Lesson 2 Summary Slow grinding staircase approaches have better follow-through than fast spikesVolume should be gradual (increasing or decreasing), not flat or spikingFewer MA crossovers indicate cleaner directional conditions for momentum Lesson 3: Identifying Setups Now you know what momentum is. You also know the optimal conditions for it. Next, you need to know where to execute these trades. Step 1: Draw Support and Resistance Levels Momentum trades happen at these key levels. You need to identify them consistently. I've already written an in-depth masterclass on how to set these levels. I'll link it at the end of this article. Common mistake: Traders draw levels randomly or inconsistently, leading to missed setups or false signals. Do this instead: Use my step-by-step approach at the end of this article. Step 2: Await Your Entry Trigger on the 1-Minute Chart Once youโve identified a resistance level on your primary timeframe, switch to the 1-minute chart for precise entry timing. Why 1-minute chart? You learn faster. More trades, more chart exposure and more oppurtunities to practice psychology. Iโve added a bonus guide on why you should be trading the 1-minute chart at the end of this article. Real Trade Example: Step 3: Three Filters Before entering, check the three filters from Section 2: Is price approaching resistance in a slow staircase pattern?Is volume gradually increasing or decreasing (not flat or spiking)?Are there minimal MA crossovers (not choppy)? If any filter fails, reduce your risk on the trade. Only take full risk on A-grade setups, not forcing trades in poor conditions. ๐Lesson 3 Summary Draw levels using the ZCT masterclass approach at the end of this articleUse your entry trigger on the 1-minute timeframe: 2 candle closes above for confirmationCheck all three filters before entering, allocate risk and size accordingly Lesson 4: Strategy Logic: Stop Loss, and Take Profit You've drawn your levels. You've confirmed the setup aligns with optimal momentum conditions. Now you need precise execution. Entry timing, stop placement, and profit targets determine whether you capture the momentum move or get stopped out on a good setup. This is where most traders lose, not in analysis, but in execution. Step 4: Entry Trigger We have established to wait for two consecutive 1-minute candles to close fully above the resistance level. This confirms the level broke and momentum is continuing. Critical execution detail: After the second candle closes above resistance, place a limit order AT the resistance level (now acting as support), not above it. Price often pulls back slightly after breaking out. Your limit order gets filled on the pullback without chasing. Common mistake: Traders wait for confirmation, then market-buy above resistance as price runs away. They enter late with a wider stop and worse risk/reward. โ Do this instead: Preset your limit order AT resistance after the second candle closes. Let price come back to you. Real Trade Example: Step 5: Stop Loss A swing low is: the lowest wick in a pullback. Your stop loss goes at the most recent swing low before the breakout. Common mistake: Traders place stops at the nearest swing low, even if itโs only 0.3% away, leading to frequent stop-outs from normal volatility Do this instead: Always measure the distance of your stop loss using the ruler tool on TradingView. If itโs less than 1%, use the next swing low down. Step 6: Take Profit 1R (Equal Distance to Stop) Your take profit target is 1R, the same distance as your stop loss, but in the profit direction If your stop loss is 1.982% away from entry, your target is also 1.982% away, but on the upside. This gives you a 1:1 risk/reward ratio. Why 1R? Itโs conservative and achievable. Momentum trades often hit 1R quickly because the breakout has follow-through. Youโre not trying to catch the entire move, youโre taking a high-probability piece of it. Over time, as you get data in your journal, you can start extending your profit targets when you see how far your average winning trades go beyond 1R. This way, youโre not guessing where to take profits, but following a systematic approach. Real Trade Example: ๐Lesson 4 summary Enter after two 1-minute candle closes above resistance, using a limit order at prior resistance (now support) to avoid chasing price.Place stop losses at the most recent valid swing low, ensuring enough distance to avoid normal volatility and minor stop hunts.Set initial profit targets at 1R to capture high-probability momentum continuation in a repeatable, systematic way. Immediate Next Stepsโ๏ธ: Read the Support and Resistance Masterclass to learn how to draw levels (shared at end of article)Look at 3 charts using the 3 filter checklist to identify a momentum trade environmentUse the strategy steps to enter your tradeGather 30 trades using this method, journalled and reviewed against the criteria ๐ Final Summary Lesson 1: Momentum vs Mean Reversion Momentum trades bet that price will continue through a level, while mean reversion trades bet that a level will hold and reject price.Both strategies are valid, but performance depends entirely on matching the strategy to the correct trade environment. Understanding this distinction prevents applying breakout logic in conditions where it has no edge. Lesson 2: Optimal Trade Environment High-quality breakouts form when price approaches resistance in a slow, grinding staircase rather than fast vertical spikes.Volume should build gradually to confirm sustained participation, not remain flat or spike from exhaustion.Minimal moving average crossovers indicate cleaner directional conditions where momentum continuation is more likely. Lesson 3: Identifying Setups Momentum trades should be executed at consistently drawn support and resistance levels.Entries are triggered on the 1-minute chart using two consecutive candle closes above resistance for confirmation.All three environment filters must align before taking full risk; weaker conditions require reduced sizing or passing the trade. Lesson 4: Stop Loss and Take Profit Enter using a limit order at prior resistance (now support) after two confirmed 1-minute candle closes to avoid chasing price.Stop losses should be placed at the most recent valid swing low with enough distance to avoid normal volatility and minor stop hunts.Initial profit targets are set at 1R to capture high-probability momentum continuation in a repeatable way. ๐What Changes From Here The next time price approaches resistance, you wonโt have to guess if it will break out. Youโll know when a breakout has real momentum, when volume confirms it, and when conditions support follow-through. Youโll also execute with defined entries, stops, and targets. #CryptoZeno #tradingStrategy
$HOME is picking up volume again with the Upbit listing news.
After the sharp drop in recent weeks there are heavy liq clusters at higher levels.
In a strong volume scenario there are clusters at various levels up to $0.045. In that scenario the first target is likely the densest zone between $0.010 and $0.012.
Let's take a look at $BLESS which has been climbing lately.
We're seeing the high volume effect on a low cap token again. In the last 24 hours futures volume hit $1.16B, spot volume came in at $15.81M. OI is at $74.59M, roughly 2x the market cap.
Long/Short ratio at 0.57. Retail continues to short. Top Trader L/S ratio is at 1.11, fairly neutral.
Retail shorts got punished in the last 24 hours with $3.13M in short liquidations.
If a pullback comes, the notable zone on the heatmap is between $0.0147 and $0.016. This could act as support.
On the onchain side the only notable move is Gate's cold wallet increasing its holdings. The amount it holds went from 171M to 273M in the last 24 hours.
According to Dropstab data there's a token unlock on August 23rd but it's not a large amount, just 0.41% of total supply. The unlock to really watch is the 511.31M BLESS token unlock on September 23rd, which is 5.11% of total supply.
Account count is above 6 while position size is at 1.42. That means a lot of small accounts have gone long but the big players aren't nearly as aggressively long in dollar terms.
I focus on account count specifically. It shows where retail is positioned. When too many people are on the same side, my thinking is they won't let those people profit. If retail is massively piled into longs, the probability that smart money flips to the other side increases.
The same logic works in reverse. If the ratio is very low, meaning most accounts are short, then I'm thinking they won't let those shorts profit either. If retail is massively short, squeeze probability goes up and the chances of a move higher increase.
Quick summary:
High account ratio, relatively low position ratio โ retail piled into longs, worth being cautious.
Very low account ratio โ retail piled into shorts, upward pressure could follow.
This alone isn't enough to determine direction of course, but I think it's worth checking before opening a trade. You can now read the ratios I share with this lens in mind.
So far, price continues to respect the downtrend, forming lower highs and lower lows.
After the recent rejection from the local resistance area around $64K, price has now printed equal lows.
Most of the time, when we see equal highs or equal lows, price tends to revisit these levels sooner or later to take out that liquidity. I don't expect this time to be any different.
While one more move to the upside to sweep the recent high before reversing is definitely still possible, I believe the overall downtrend will resume and we'll see a sweep of the main liquidity cluster that is still sitting below.
>Spot volume in the last 24 hours: only $674K >Futures volume: $8.34M >Open Interest: ~$10M.
The only notable level on the heatmap is around $0.35 (~$1M cluster).
But with this level of volume combined with a 208M+ token unlock, reaching those levels looks unlikely.
Small whale sell orders at $0.1686, $0.2089 and $0.2181.
Long/Short ratio currently at 1.49.
According to dropstab data, regular unlocks will continue in the coming months.
Whether there's a manipulative pump attempt before the unlock is anyone's guess, but the overall picture is clear: circulating supply will nearly double, insider concentration is high and liquidity is very
Old Binance: 0xDeE6238780f98c0ca2c2C28453149bEA49a3Abc9 โ 1.57%
> Binance alone holds 72%+ > Top 10 โ 95%+
$VANRY
Mcap โ $7-9M Circulating 2.37B / Max 2.4B
Largest wallet (again Binance): 0xf977814e90da44bfa03b6295a0616a897441acec โ 34-42%
>Combined with other Binance wallets: 40%+ >Top 10 โ 66%
Both listed on spot and perpetuals, overwhelming majority of supply held by Binance, very low market cap.
Same question applies:
Why would Binance delist tokens it's holding this much of and let the price collapse?
Selling could come in the next 1-2 days but until futures settlement the classic scam pump and short squeeze probability is as high as it was with $NFP
$BTC The Weekly closed above 63,298, which is exactly what we wanted to see for bullish continuation.
Now we're seeing a pullback right at the start of the week, which makes sense considering the weekend created internal structure liquidity that's now being swept immediately as the week begins.
If the local bottom is already in, then price should respect this Blue LTF Support Box and continue pushing back to the upside.
This blue box represents the internal structure support zone, and if this move is simply a bullish retest then this is where price should find support before continuing higher.
If we lose this Blue LTF Support Zone, it would open the door for a move into the 61.6k-61.2k region, where a significant amount of untapped liquidity is still resting.
From a liquidity perspective, it would make sense for price to sweep that region. However, it has been getting front-run for the past couple of weeks, so I wouldn't be surprised if we see the same thing happen again, with price bouncing from the internal support zone without actually taking out that liquidity.
As for my trades, the current long from 62.3k remain risk-free. We secured 25% at the highs before the pullback, and the remaining position have the SL moved to BE, leaving nothing left to lose.
If we do get stopped out at BE, then I will look for a Re-Entry from the 61.6k-61.2k region, Where I expect us to mark the bottom for this month before moving higher.
A 37-Byte Record Supports A Network Secured By More Than 51,350 BTC
Babylon has already attracted 51,350 BTC into its Bitcoin staking ecosystem, representing approximately $3.37 billion in secured value. At that scale, efficiency is no longer just about processing transactions faster it is about minimizing the amount of data the protocol truly needs to anchor on Bitcoin.
Each $BABY staking transaction carries an OP_RETURN payload of just 37 bytes. Those bytes contain only the protocol tag, version, the staker's public key, the selected Finality Provider's public key and the staking time. Nothing else is permanently written into Bitcoin.
The interesting part isn't the number 37. It is the design philosophy behind it. Instead of treating Bitcoin as a database for application logic, #baby uses it as a compact source of cryptographic commitments, while Babylon Genesis interprets and coordinates everything else. As the protocol grows, that approach helps keep the Bitcoin footprint predictable without sacrificing verifiability.
@BabylonLabs_io A lot of attention goes to new integrations and ecosystem announcements. Personally, I find details like a 37-byte staking record just as revealing they show how Babylon keeps protocol communication compact without asking Bitcoin to become something it was never designed to be.
$BTC According to what we've seen during the past two bear markets, there might still be some additional downside left.
During both the 2018 and the 2022 bear market, we saw an extended period where price moved sideways before the final correction happened and the market formed its bottom.
In 2022, this range lasted 154 days, while in 2018 it lasted even longer at 175 days.
This time around, BTC has once again been trading in a range between $60K and $67K for the past two months.
Considering that bear markets have historically lasted around 365 days, this cycle could end up looking very similar.
Another two months of sideways price action before we see one final flush to the downside and the market forms its bottom.
One of the safest ways to hold Bitcoin just got drained for around ~$80 MILLION.
Coldcard is a hardware wallet, the offline device experts have recommended for years to keep your coins away from hackers.
When you set one up, it creates a secret key that controls your Bitcoin and that key is supposed to be completely random so no one can ever guess it.
But an old firmware version from 2021 had a bug that made the keys predictable instead of random.
Because they were predictable, an attacker could rebuild them on his own computer and drain the wallets without ever touching a single device.
We saw the exact same flaw in Zilliqa's app a week ago, another old version that was generating keys that were never really random.
Two of the most trusted wallets in crypto, both sitting exposed for years without anyone knowing. At this point you have to wonder what's actually safe.