๐ CryptoQuant analysts have noted: Bitcoin may be close to a turnaround.
๐ช The Sharpe ratio has fallen to -40 โ this level has historically coincided with the formation of a bottom in past cycles. Plus, the capitulation phase has already occurred โ the market has 'shaken out' weak players.
๐ But it is important to understand: this is not an instantaneous turnaround. We are currently in a transitional phase โ supply is decreasing, while demand is just beginning to return.
๐ What is important now:
๐ข the market has already experienced a peak in sales ๐ข demand has not yet fully recovered ๐ข the macro environment is still pressuring
โ๏ธ Analysts note: the best entry points have historically appeared during such a period โ between capitulation and the return of demand.
๐ At the same time, for full growth, the market still needs confirmations โ without them, this remains only a potential scenario, not a fact of reversal.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ Developer of Lightning Labs Olaoluwa Osuntokun presented a prototype solution for protecting Bitcoin wallets from quantum attacks.
What is the problem
๐ช Current BTC cryptography is theoretically vulnerable: ๐ข quantum computers can compute private keys ๐ข old and inactive wallets are at particular risk ๐ข "emergency disabling" of signatures can freeze funds
How the solution works
โ The new approach uses zk-STARK: ๐ข proof of ownership via seed phrase ๐ข without revealing private data ๐ข ability to rescue funds without migration
โ๏ธ The prototype is already operational: generating proof takes ~55 seconds.
๐ฏ This is still an early development without implementation timelines, but the direction has already been set.
๐ Experts consider the quantum threat not critical in the coming years, giving the industry time to adapt.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
The Congress intensifies pressure on prediction markets
๐ In the USA, there is a demand to tighten control over prediction markets: Congress has approached the CFTC with a request to address insider trading.
What happened
โ๏ธ Legislators stated that the market increasingly resembles the 'Wild West': ๐ต suspicious trades with high precision ๐ต potential access to insider information ๐ต earnings ~$660 000 on the US-Iran truce topic
What is the problem
๐ต bets were made with an outcome probability of only 2โ10% ๐ต events were later confirmed ๐ต regulatory oversight is called into question
๐ช Bitcoin has risen by ~4.3% and broke the $71,000 mark on news of a ceasefire between the USA and Iran.
What is happening in the market
๐ข BTC โ ~$71,600 ๐ข Ethereum โ ~$2,200 (+6%) ๐ข altcoins are also up ๐ข liquidations โ ~$597 million (main hit on shorts)
Reason for the rise
โ๏ธ The market reacted to the decrease in geopolitical tension: ๐ข a two-week ceasefire has been announced ๐ข risks in the Strait of Hormuz have decreased ๐ข oil has fallen below $100
๐ Sentiments have improved, but:
๐ข the fear index is still in the extreme zone ๐ข the macro environment remains unstable ๐ข the risk of new escalation persists
โ In the short term, the market received a boost, but a steady influx of capital is needed for continued growth.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
Schiff vs Saylor: a dispute over BTC profitability
๐ช Peter Schiff criticized Bitcoin again, calling it a "shitcoin" and questioning its investment attractiveness.
What is the conflict
๐ Schiff stated: โข BTC has yielded ~12% over 5 years โข traditional markets have shown significantly more
๐ฝ Against this background, he questioned the idea of Bitcoin as a profitable long-term asset.
Saylor's Response
๐ Michael Saylor countered: โข it all depends on the chosen period โข since 2020, BTC has been one of the most profitable assets
๐ Essentially, the dispute boiled down to the question: which timeframe is considered "fair".
โ๏ธ Schiff proposed to hold public debates, stating that he is ready to discuss Bitcoin even in a "2 against 1" format. A classic situation in the market: some see BTC as an undervalued asset, others see it as a bubble.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
Quantum threat to BTC โ it's not about technology
๐ช At Grayscale, they believe that the main problem of quantum hacking of Bitcoin is not technical, but social.
โ๏ธ Even if quantum computers become a threat: ๐ต the network itself is already partially architecturally protected ๐ต there are paths to transition to post-quantum cryptography
But the main question is whether the community will agree to changes.
The main dilemma
It concerns old BTC (up to ~1.7 million coins): ๐ต burn them ๐ต limit their use ๐ต leave everything as it is
๐ Any option requires consensus, and historically, BTC has had problems with this.
Developers are already starting to prepare: ๐ต testing quantum-resistant solutions ๐ต discussing network updates
โ For now, there is no threat, but the question is no longer "if," but "how they will agree."
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ Working out a long position on STABLEUSDT ๐
๐ฑ While the market was stagnant and most were just watching โ in the channel "Trading Setups" we analyzed the scenario in advance and provided a clear entry point.
๐ฏ We entered as planned, caught the impulse, and calmly brought the trade to take profit โ in the end, the movement yielded ~150%.
๐ Such setups are not random โ it's about systematic work and proper preparation for the movement.
๐ค How to get access to trading setups: โ๏ธ Subscription to the Help4Trade screener for 3 months
๐ฑ While the market was in a sideways trend and most were just watching โ in the channel "Trading Setups" we analyzed the scenario in advance and provided a clear entry point.
๐ฏ We entered as planned, caught the impulse, and calmly brought the trade to take profit โ in the end, the movement gave ~150%.
๐ Such setups are not random โ this is about systematic work and proper preparation for the movement.
๐ค How to gain access to trading setups: โ๏ธ Subscription to the Help4Trade screener for 3 months
๐ช About 99% of Taproot transactions in the Bitcoin network are "dust" (micro-transfers), not full-fledged financial operations.
What is happening
๐ According to analyst UTXOracle: ๐ต regular BTC transactions are real payments (large amounts) ๐ต Taproot is mainly transfers of 100โ1000 satoshis ๐ต two different "modes" are formed within the network
Where does the "dust" come from
๐ต Lightning Network โ channels and internal operations ๐ต meta-protocols (Ordinals, Runes, BRC-20) ๐ต technical operations of the infrastructure
Important point
โ๏ธ Taproot is growing due to developers and new protocols, not mass user transition.
โ๏ธ As a result, the technology created for privacy and flexibility is mainly used as a base for infrastructure, not for classic payments.
๐ Trading on ByBit ๐ค Trading on Dragonfly ๐ฑ YouTube
๐ช Bloomberg Intelligence analyst Mike McGlone believes that if Bitcoin does not consolidate above $75,000, the market could plunge into a deep correction down to $10,000.
Why this level
๐ $75K has repeatedly served as a reversal zone: ๐ข holding โ a signal of strength and demand recovery ๐ข rejection โ continuation of the bearish trend
Arguments for a decline
๐ต historically strong zone ~$10K until 2020 ๐ต increase in the number of tokens โ dilution of liquidity ๐ต strengthening role of stablecoins
Whatโs happening in the market
๐ฑ BTC is hovering around ~$69K, the market is showing a local bounce, liquidations exceed $240 million, mainly shorts.
๐ช Bloomberg Intelligence analyst Mike McGlone believes that if Bitcoin does not stay above $75,000, the market could enter a deep correction down to $10,000.
Why this level
๐ $75K has repeatedly acted as a reversal zone: ๐ข holding โ a signal of strength and return of demand ๐ข rejection โ continuation of the bearish trend
Arguments for a decline
๐ต historically strong zone ~$10K until 2020 ๐ต increase in the number of tokens โ dilution of liquidity ๐ต strengthening role of stablecoins
What's happening in the market
๐ฑ BTC is holding around ~$69K, the market shows a local rebound, liquidations exceed $240 million, mainly shorts.