I have dropped down to an hourly chart of ETH. The price path is starting to look impulsive to the downside, despite US Dollar weakness – I still expect a bottom very soon which implies macro regime change and crypto bearish.
ETH was strongly rejected at key resistance yesterday and is starting to cascade lower. There has a been a failed retest higher and negative reversal in RSI (hourly) – price down, RSI up, poor ease of movement higher. Keep looking down near term.
Global bond yields are at levels Bitcoin has never traded through, draining liquidity from risk assets as gold emerges as the preferred safe haven and Japan’s rising rates threaten to unwind the carry trade.
A Treasury bond buyback expansion, a new SEC crypto offering rule, and Trump's push for Congress to advance the Clarity Act landed within 48 hours, wiping out roughly $1.9 billion in mostly short positions.
Bitcoin’s market looks quiet on the surface, but $169 million in highly leveraged short positions is building pressure around a narrow $62,400–$64,400 range—setting up a potential squeeze or sharper breakdown.
After weeks of selling BTC to fund preferred dividends, Strategy raised $334 million through MSTR share sales and made no bitcoin purchases or sales at all — a pause inside a $5 billion monetization program the company approved just weeks earlier
Global bond yields are at levels Bitcoin has never traded through, draining liquidity from risk assets as gold emerges as the preferred safe haven and Japan’s rising rates threaten to unwind the carry trade.
A Treasury bond buyback expansion, a new SEC crypto offering rule, and Trump's push for Congress to advance the Clarity Act landed within 48 hours, wiping out roughly $1.9 billion in mostly short positions.
The $35.3 million net loss was driven almost entirely by a non-cash bitcoin markdown and a tax provision, not by the underlying leasing business the company pivoted to after its Nasdaq debut.
Seoul is a rare expansion story in BitGo's rough first year as a public company.
