$BTR 24h -42.36%, but in this big bearish candle, the most worth watching isn’t the drop—it’s that right after it was hyped as a “wealth-making myth of 1000% in 30 days,” someone immediately posted proof of shorting profits. The community suspects it’s the same market-making/insider rigging system: low float, creating a derivatives-based framework, then sharply pumping to squeeze, followed by profiting from both sides via two-way extraction.
Bitlayer is building Bitcoin L2/BTCFi. It minimizes cross-chain trust using the BitVM bridge. It also packages interest-bearing wrapped coins like YBTC, and $BTR is used for staking and governance. Previously, the official downplayed concerns about Q Day at Bitcoin Asia, betting on Crypto+AI and previewing that a new direction would be announced. On the other side, on-chain monitoring spotted large transfers from Bitget to Gate, along with a monthly unlock window—so short-term volatility may continue. There are also users citing the bridge’s TVL to argue the fundamentals are sound.
Next, we’ll see whether the official’s new updates can carry the momentum; the biggest thing to watch is the selling pressure from unlocks.
#Bitlayer #BTCFi #Layer2
Bitlayer is building Bitcoin L2/BTCFi. It minimizes cross-chain trust using the BitVM bridge. It also packages interest-bearing wrapped coins like YBTC, and $BTR is used for staking and governance. Previously, the official downplayed concerns about Q Day at Bitcoin Asia, betting on Crypto+AI and previewing that a new direction would be announced. On the other side, on-chain monitoring spotted large transfers from Bitget to Gate, along with a monthly unlock window—so short-term volatility may continue. There are also users citing the bridge’s TVL to argue the fundamentals are sound.
Next, we’ll see whether the official’s new updates can carry the momentum; the biggest thing to watch is the selling pressure from unlocks.
#Bitlayer #BTCFi #Layer2
