$BTC — pullback testing key support, sellers weakening
Long BTC
Entry: 75,800 – 76,500
SL: 74,500
TP1: 78,200
TP2: 80,500
TP3: 83,000
Price dipped into a major demand zone and buyers stepped in immediately. Downside momentum slowing, structure stabilizing — favoring a rebound if support holds.
Trade HERE $BTC
{future}(BTCUSDT)
👇
$BTC USDT failed near resistance, momentum weakening.
Price showing rejection at highs, sellers stepping in for a corrective move.
Short BTCUSDT (Perp)
Entry Zone: 76,400 – 76,475
Stop Loss: 76,850
Targets:
TP1: 76,300
TP2: 75,900
TP3: 75,472
TP4: 75,100
$BTC tested the 76,400–76,475 area and failed to continue higher. Selling pressure is building, signaling a potential pullback toward lower support levels.
Trade smart scale out at TPs & trail SL. 🚨
Trade $BTC USDT here 👇
{spot}(BTCUSDT)
Pi Network is holding its ground but don’t mistake stability for strength
PI hovering above $0.1600 might look calm on the surface, yet under the hood there’s clear tension building. After Monday’s modest 2% bounce, momentum has stalled, and the market now feels like it’s waiting for a decisive move rather than preparing for a rally.
On-chain behavior is where things get interesting. Data from PiScan shows a steady flow of tokens moving onto exchanges, while wallets associated with the Pi Network core team have also recorded notable outflows. That combination matters. When supply increases on trading venues, it often signals one thing: participants are preparing to sell, not hold.
Retail behavior reinforces that narrative. Centralized exchanges saw a net inflow of 1.76 million PI tokens in just 24 hours. That’s not long-term conviction energy — that’s defensive positioning. Add the 8.41 million PI reportedly moved from core-linked wallets, and you’ve got visible supply pressure leaning against price.
Technically, PI is walking a tightrope
The token is still defending the $0.1533 support zone, a level that prevented a bearish breakdown earlier this week. As long as that floor holds, bulls can argue this is consolidation after a selloff. But lose it on a daily close, and the structure weakens fast, exposing the $0.1327 pivot support as the next downside magnet.
Indicators are split, matching the market mood. The RSI at 39 shows price is still in a depressed zone, hinting that selling may be overextended. Meanwhile, MACD is curling upward, flirting with a bullish crossover — an early sign momentum could shift if buyers step in with volume.
Upside isn’t off the table. A real recovery push would target the 50-day EMA near $0.1920, a key technical barrier and former support turned resistance.
Right now, PI isn’t breaking down — but it’s definitely not breaking out either. The next move will likely be sharp, and positioning suggests volatility is loading.
#PiCoreTeam #pi
🔴 BTC inflows trigger FUD as selling pressure builds on Binance
As BTC continues its corrective phase, we observed on February 2nd and 3rd the largest BTC inflows to Binance since the beginning of the year
These inflows are not insignificant.
They occurred at a key moment, with BTC trading around a critical level near $74,000.
A sustained break below this level would technically call the long-term trend into question.
Naturally, as BTC approaches this threshold, it creates panic among some investors, pushing them to move their BTC to exchanges. Binance, which still concentrates the largest share of trading volumes in the market, logically absorbed a large portion of these flows.
💥 Over those two days, between 56,000 and 59,000 BTC were sent to Binance.
Short-Term Holders, who are particularly sensitive and reactive to price movements, also contributed to this move, with a peak of 54,000 BTC sent at a loss on February 2nd alone.
These BTC inflows to Binance represent a real selling pressure on the spot market.
Contrary to the FUD that usually accompanies such panic phases, this selling pressure is not abnormal given the scale of the observed flows.
👉 This suggests that we are entering a phase of capitulation and panic as BTC becomes oversold, a context that has historically often allowed for the formation of a bottom, both in the short term and over longer horizons.
Darknet drug market operator sentenced to 30 years in U.S. prison
Rui-Siang Lin, a 24-year-old Taiwanese national accused of running the dark web narcotics marketplace Incognito Market under the alias “Pharaoh,” has been sentenced to 30 years in U.S. federal prison.
Prosecutors said the platform processed more than $105 million in illegal drug sales between October 2020 and March 2024, facilitating over 640,000 transactions for hundreds of thousands of buyers worldwide.
U.S. authorities linked Lin to the marketplace through blockchain analysis, undercover purchases and domain registration records that included his real name, phone number and home address. Investigators said operational security mistakes ultimately helped expose his identity.
Lin pleaded guilty in December 2024 to narcotics conspiracy, money laundering and conspiring to sell adulterated and misbranded medication. Officials said the operation contributed to at least one death and worsened the opioid crisis, describing the case as one of the largest online drug market prosecutions since Silk Road.
Taiwanese media reported that Lin previously studied at National Taiwan University and later completed Taiwan’s civilian alternative service program in St. Lucia, where he worked in a technical support role and at times helped train local police on cybercrime and cryptocurrency.