$BTC Sellers have been pretty active over the past week, leaving behind over 5 billion in short liquidations.
In comparison, there are only around 2 billion in long liquidations.
From a liquidity standpoint alone, this would point toward a potential short squeeze soon.
On the other hand, we have far more long liquidations that are close to the current market price.
More often than not, price rotates toward the closest liquidity.
That’s one of the reasons I believe this dump isn’t over yet.
...
$BTC
Bitcoin is now retesting its support zone after hitting the projected July resistance, which is exactly the kind of move you'd expect.
The key area to watch is $59,317-$62,436. As long as that support holds, another push toward $66,200-$76,600 remains a strong possibility.
#USAndJapanJointlyInterveneToBuyYen
If Babylon TBV Reaches Credit Cards and Insurance, What Does BTC Actually Unlock
What happens to crypto-backed credit products once the custodian layer is removed from the collateral?
BlockFi was managing over $10B in crypto-backed loans and credit products before it collapsed in November 2022.
The collateral concept wasn't the problem.
The counterparty layer was.
@babylonlabs_io 's TBV documentation explicitly lists lending, stablecoins, credit cards, derivatives, and insurance as target u...
$BTC - SHORT
Trade Plan:
Entry: 62997.38 – 63030.42
SL: 63755.95
TP1: 62457.36
TP2: 62086.34
TP3: 61529.80
Why this setup?
- The 1D trend is **bearish**, and the 4H bias screams SHORT with an 81% confidence score—this isn’t a dip-buying zone.
- RSI on the 15m is weak at 54, showing zero momentum to break overhead.
- Price is hovering at 63,013.90, right below the SL zone at 63,755.95. The path of least resistance? Down to TP1 at 62,457 and TP2 at 62,086.
- Why now? The ATR (237) shows volatili...
🚨 Another Massive Day for Bit Guru Community! 🚨
Today's market delivered some incredible opportunities, and the results speak for themselves! 🔥
✅ $GIGGLE pumped +57.36%
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Congratulations to everyone who followed our analysis and trade setups. This is exactly why patience, discipline, and the right entries matter.
The market is still full of opportunities, and we're actively watching the next high-potential setups. Stay connected, manage your risk, and don't chase g...