$BZ on September 9 the very same situation was seen; obviously there was 80% of sellers and a short squeeze occurred. Today there is 83%. Will they liquidate the bears again?
ยท The good: Lots of people are doing staking; thereโs less ETH on exchanges and fees are cheap. The ETFs are buying. ยท The bad: ETH is still weak year-to-date. Resistance is at $2,700. ยท Key: If it breaks $2,700, it could move up to **$3,000. If it loses $2,500, it could fall to **$2,350. ยท Long term: Some analysts see $7,500โ$15,000, but itโs speculative.$ETH
$SPCX With Bitcoin trading around 76.430 USDT and SPCX at 155.14 USDT, the key level that would trigger a drop in SPCX to 150 USDT is the loss of the 75,000 USDT. This psychological support acts as the panic trigger; if it breaks, liquidation cascades are activated that would take BTC to seek the 74,000โ73,000 USDT zone, and in a systemic crisis scenario, 70,000 USDT. It is essential to understand that this does not happen due to a direct fundamental relationship (SpaceXโs holdings of 18.712 BTC represent only 0.076% of its valuation), but rather due to the risk-sentiment correlation that dominates the crypto market during times of stress.
The contagion mechanism works because traders, when facing margin calls, sell high-beta assets like SPCXUSDT to obtain liquidity, amplifying Bitcoinโs decline by 2 to 3 times. In this context, 75,000 USDT is the dividing line: if Bitcoin manages to stay above this level, SPCX could decouple and hold around 155; but if it loses it with volume, the likelihood that SPCX falls to 150 or even below shoots up dramatically, dragged down by the wave of cross-selling and widespread panic.
Implicated Charge / Conviction Amount Benni Steinmetz (partner at Zhelezko) Corruption in Guinea (bribery) $55M fine Michael Calvey (Baring Vostok) Misappropriation of $34.3M from the Vostochny Bank $34.3M Oleg Zhelezko (Da Vinci Capital) Fraud, money laundering, evasion of sanctions, unpaid debt $250,000 Animoca Brands Financial default / Exclusion from the ASX $50,000 AUD
That one of the main investors (Da Vinci Capital) is so tainted by scandals involving fraud, corruption, and scams is a very serious red flag. It does not mean that EVAA is a scam, but rather that the project is linked to people with a history of questionable practices, which adds an important layer of reputational and legal risk. , those people are not to be trusted what a corrupt coin
This week begins with a clear bearish trend, marking a pause after two weeks of strong gains driven by the crisis in the Middle East.
Current Price Outlook
At the close of today (August 24), prices are trading lower:
ยท Brent: ~$91.91 per barrel, down -2.62%. ยท WTI: ~$85.31 per barrel, retreating -2.01%.
This pullback is attributed mainly to investors taking profits. The market is pausing, awaiting new catalystsโespecially the U.S. economic isolation plan against Iran .#BZUSDT #CLUSDT
๐ด Oil (Brent ~$93) rises +35% in 1 year due to U.S. sanctions on Iran and tension in the Middle East.#
ยท Inflation + high rates: Expensive oil = CPI up. The Fed keeps rates high for longer = scarce liquidity = a cap on BTC and altcoins. ยท Strong dollar: Oil in dollars supports the DXY. BTCโs inverse correlation with the dollar remains. ยท Safe haven vs. risk: If oil keeps rising, gold and BTC as a store of value gain attention, but in the face of extreme volatility, investors prefer cash.
๐ Key to watch: If Brent breaks $100, the crypto market could correct sharply due to recession fears. If it falls to $85, monetary relief = a bullish rally for BTC. #bz #CLUST
๐ Where is Bitcoin heading this week? Key support and next moves ๐
After the latest market moves, weโre seeing an interesting consolidation in Bitcoinโs price.
What do you think? Do you believe weโll break upward this week or see a bigger correction? Iโd love to hear your thoughts in the comments! ๐ $BTC $ETH H $BNB #bitcoin.โ #TradingCommunity #CryptoAnรกlisis