👀 And this is where an interesting context for Starknet ($STRK) emerges.
Starknet was originally developed as an L2 scaling solution for Ethereum. But now, a completely different scenario is being discussed: transforming Starknet into an independent Layer 1 with post-quantum protection.
🔹 Ethereum aims to keep its base layer as simple as possible, moving complex computations off-chain.
🔹 Starknet already uses STARK proofs—a technology that makes it possible to verify computations without having to perform them all over again.
🔹 If Starknet really does pursue the path of becoming an independent L1, its role could change: instead of complementing Ethereum, it could develop its own infrastructure, security, and network economy.
⚠️ But there’s a caveat: Vitalik’s statement doesn’t mean he supports Starknet’s separation. These are separate initiatives, although they have technological parallels.
🚨 BUYING $STRK AGAIN?! WHALES ARE CALLING FOR A BUY, BUT THE MARKET IS STILL AGAINST IT! 🫣
Some major crypto bloggers are already saying that STRK is ready to buy again. But should you rush in?
📉 Over the past 24 hours, liquidations totaled: 🔴 Longs — $1.74 million 🟢 Shorts — $349.7 thousand
More than 83% of all liquidations were long positions. This points to strong selling pressure and a painful pullback for those betting on a rise.
⚠️ If the pressure continues, STRK could fall even further. A recovery will require new buyers and confirmation of a reversal.
🐻 My take: don’t buy just because someone with a large following says STRK is poised to rise. First, wait for confirmation from the market; then make your decision.
Market recovers, Putin proposes a trilateral summit The weekend was quiet, and the market moved sideways. Bitcoin closed the week down 3.25%, while Ether fell 6.89%. A gradual recovery is now underway—it’s reassuring that Bitcoin doesn’t linger around $80K for long. Liquidations over the past 24 hours topped $321 million, market capitalization rose by around $70 billion, and the Fear and Greed Index was at a neutral 60 points. Oil prices, the dollar, and bond yields remain at astronomical levels, while the situation between the US and Iran remains unchanged.
Yesterday I wrote that Monday would show what Saturday’s flash crash really was: an early warning of a major sell-off or just a routine liquidity sweep. And the first answers are already emerging. Over the weekend, Bitcoin was sharply dumped along with on-chain contracts on shares of the biggest tech companies. In just ten minutes, positions worth nearly $52 million were liquidated, mostly longs.
Friends, a small descending wedge has formed on Bitcoin on the weekly timeframe.
The week opened with a green candle today, so there’s a chance of an upside breakout from the wedge, with potential growth up to $87,000.
A scenario involving a local decline is still on the table, and the targets for a local drop mentioned above remain valid as well.
We’re waiting for the signals on altcoins to play out if Bitcoin breaks out of the wedge to the upside and rises.
Everyone, I’m thinking of recording a podcast about when to withdraw profits from trading or spot investing—and how much to withdraw, so you can enjoy the money while still building long-term capital.
Would you be interested in this topic? Leave a 🔥 so I know whether it’s worth recording.