Jack Dorsey’s Block Job Cuts Signal Operational Efficiency Push As SUBBD Token Drives Creator Economy 2.0

Quick Facts: Jack Dorsey’s restructuring of Block Inc. signals a broader market shift toward operational efficiency and profitability over unchecked growth. The tightening of legacy fintech and social platforms is driving creators toward decentralized alternatives that offer better revenue splits and autonomy. SUBBD Token leverages proprietary AI tools and Ethereum-based smart contracts to automate creator workflows and reduce platform fees. Early investment flows indicate strong demand for Web3 protocols that solve real-world inefficiencies in the $85B creator economy. The recent strategic restructuring at Block Inc., led by Jack Dorsey, marks a definitive shift in the fintech landscape. We are seeing a hard pivot from aggressive expansion to rigorous operational discipline. By executing targeted layoffs, reportedly affecting up to 10% of its roughly 11,000 staff during annual performance reviews this February, the parent company of Square and Cash App is signaling that the era of ‘growth at all costs’ has formally concluded. According to a report from Bloomberg over the weekend. This move, which follows the March 2025 elimination of 931 roles, is part of a broader overhaul intended to better integrate Cash App with Square, while the company is also investing in its internal AI productivity tool, Goose. This isn’t merely a cost-cutting exercise; it’s a recalibration of resources designed to improve margins and focus on high-conviction bets like Bitcoin hardware and the self-custody wallet, Bitkey. For the broader market, this move suggests efficiency is the new alpha. Investors are increasingly rewarding companies that demonstrate lean operations and clear paths to profitability rather than bloated headcount metrics, a sentiment reflected in the 5% jump in Block’s shares following the report. However, a second-order effect is rippling through the digital economy. As centralized giants tighten their belts, the creators and merchants who rely on these platforms are realizing the fragility of their dependence on legacy tech stacks. When major platforms restructure, user fees often stagnate (or rise) while support services dwindle. This corporate austerity is inadvertently accelerating the migration toward decentralized solutions where efficiency isn’t just a corporate mandate, but a user benefit. The friction between platform profitability and creator earnings is creating a vacuum for Web3 alternatives that use automation to lower costs. Emerging protocols are now using artificial intelligence to offer the same operational efficiency Dorsey seeks for Block, but democratized for individual creators. Leading this charge is SUBBD Token ($SUBBD) , a project merging AI utility with blockchain transparency to disrupt the $85B content creation industry. Decentralized AI Tools Offer Creators Sovereign Efficiency While legacy fintech firms like Block streamline their internal operations, the SUBBD Token ecosystem is deploying technology to streamline the external workflow of content creators. The core value proposition here addresses a critical inefficiency in the current market: the extractive nature of Web2 platforms. These giants can take up to 70% of a creator’s revenue while offering limited tools for growth. SUBBD utilizes an Ethereum-based architecture to remove these intermediaries, but its primary differentiator lies in its integration of proprietary AI models. The platform functions as a comprehensive operational suite. Features like the AI Personal Assistant automate routine interactions, while AI Voice Cloning and AI Influencer Creation tools allow creators to scale their output without expanding their overhead, effectively mirroring the ‘do more with less’ philosophy currently sweeping Silicon Valley. By automating content generation and fan engagement, SUBBD allows creators to maintain high-volume output without the burnout associated with the traditional influencer treadmill. Plus, the platform’s governance model (HoneyHive) ensures that protocol upgrades are dictated by token holders rather than a centralized board seeking to cut costs at the expense of user experience. FIND OUT MORE ABOUT SUBBD TOKEN SUBBD Presale Momentum Highlights Demand For Web3 Monetization The market’s appetite for efficient, AI-driven infrastructure is evident in the early capital flows into the SUBBD Token presale. $SUBBD has successfully raised over $1.4M, signaling strong conviction from retail and early-stage investors. With tokens currently priced at $0.057495, the entry point reflects a valuation that anticipates significant growth as the platform rolls out its beta features. This capital injection suggests that smart money is looking for exposure to the intersection of two high-growth narratives: the maturation of the creator economy and the utility of generative AI. Beyond the immediate price action, the project’s staking mechanics offer a clear incentive structure designed to reduce sell pressure and reward long-term alignment. Investors can lock tokens to earn a fixed 20% APY in the first year, a yield that significantly outpaces traditional dividend stocks or savings rates. This staking model also unlocks utility benefits, including access to exclusive livestreams and ‘behind the scenes’ drops, effectively gamifying the holding process. As Ethereum (ERC-20) compatible assets continue to dominate the DeFi landscape, SUBBD’s seamless integration into the broader EVM ecosystem ensures liquidity and accessibility, positioning it as a serious contender against legacy subscription models. Get your $SUBBD on the official presale site This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry inherent risks, including high volatility and potential loss of capital.

Spot Bitcoin ETF Inflows Surge with $369.8M Rebound, Ending Outflow Streak

BitcoinWorld Spot Bitcoin ETF Inflows Surge with $369.8M Rebound, Ending Outflow Streak In a significant reversal for digital asset markets, U.S. spot Bitcoin exchange-traded funds (ETFs) attracted a substantial $369.8 million in net inflows on Friday, February 6, 2025. This pivotal shift ended a three-day period of consecutive net outflows, signaling renewed institutional and retail investor confidence. Data from the analytics firm TraderT confirms this robust single-day performance, with BlackRock’s iShares Bitcoin Trust (IBIT) commanding the majority of the capital movement. Spot Bitcoin ETF Inflows Detail the February Rebound The February 6 data provides a clear breakdown of capital allocation. Consequently, analysts can identify which funds investors favored during this resurgence. BlackRock’s IBIT dominated the flow sheet, securing over $230 million. This figure represents more than 62% of the day’s total net inflows. Furthermore, other major issuers also posted positive numbers, creating a broad-based recovery. No ETF in the cohort recorded a net outflow for the day. This universal positivity marks a stark contrast to the preceding 72 hours. The collective inflow figure of $369.8 million ranks among the stronger single-day performances since the funds launched in January 2024. Market participants now scrutinize whether this marks a sustainable trend. BlackRock’s IBIT: +$230.27 million Fidelity’s FBTC: +$24.54 million Bitwise’s BITB: +$28.7 million Ark Invest’s ARKB: +$43.25 million Invesco’s BTCO: +$6.97 million VanEck’s HODL: +$15.94 million Grayscale’s Mini BTC: +$20.13 million Contextualizing the Cryptocurrency ETF Market Shift The return to net inflows did not occur in a vacuum. Previously, the market experienced three days of net outflows, likely driven by short-term profit-taking and macroeconomic uncertainty. Typically, such outflow streaks can pressure the underlying Bitcoin price. However, the swift reversal on February 6 suggests underlying demand remains resilient. Analysts often view spot Bitcoin ETFs as a critical gauge for traditional finance’s engagement with digital assets. Since their landmark approval by the U.S. Securities and Exchange Commission (SEC), these funds have accumulated billions in assets under management (AUM). They provide a regulated, familiar vehicle for investors to gain Bitcoin exposure without directly holding the cryptocurrency. Therefore, daily flow data serves as a transparent proxy for institutional sentiment. The February rebound aligns with historical patterns where brief outflow periods are followed by strong re-accumulation. Expert Analysis on Flow Dynamics and Market Structure Financial analysts emphasize the importance of flow consistency over isolated daily figures. A single day of strong inflows, while positive, requires confirmation in subsequent sessions. The structure of the flows is equally telling. The dominance of BlackRock’s IBIT underscores its position as the category leader, often attracting the largest block trades from institutional allocators. Meanwhile, the positive flows across all funds indicate a healthy, competitive ecosystem rather than a winner-take-all scenario. Market microstructure experts point to several potential catalysts for the February 6 surge. These include technical buying signals from Bitcoin’s price chart, favorable comments from regulatory officials, or strategic rebalancing by large investment funds ahead of quarterly reporting. The absence of Grayscale’s GBTC from the outflow column for the day is also notable, as its significant fee structure had previously led to persistent redemptions post-conversion to an ETF. The Broader Impact on Digital Asset Adoption Substantial inflows into spot Bitcoin ETFs have a direct mechanical impact on the market. Authorized Participants (APs) for these funds must purchase equivalent amounts of physical Bitcoin to create new ETF shares. This process creates consistent buy-side pressure on cryptocurrency exchanges. Over time, this dynamic can reduce circulating supply and contribute to price support. The February 6 inflow of $369.8 million represents a not insignificant demand signal for the underlying asset. Beyond immediate price effects, sustained positive flow trends legitimize the asset class for a broader audience. Pension funds, endowments, and registered investment advisors (RIAs) monitor these liquidity and flow metrics closely. Consistent inflows demonstrate product viability and investor acceptance. Consequently, the February rebound may encourage further due diligence from previously hesitant institutional players. The evolution of this market segment remains a key narrative for 2025. Conclusion The $369.8 million net inflow into U.S. spot Bitcoin ETFs on February 6, 2025, represents a crucial inflection point. It conclusively ended a short-term outflow trend and reaffirmed strong underlying demand for regulated Bitcoin exposure. BlackRock’s IBIT led the charge, capturing the majority of incoming capital. While a single day’s data cannot define a trend, this robust rebound provides a positive signal for the health and maturation of the cryptocurrency ETF ecosystem. Market observers will now watch closely to see if this momentum sustains through the following week, potentially setting the tone for quarterly performance. FAQs Q1: What are spot Bitcoin ETFs? Spot Bitcoin ETFs are exchange-traded funds that hold physical Bitcoin. They track the spot price of Bitcoin and trade on traditional stock exchanges, allowing investors to gain exposure without directly buying or storing the cryptocurrency. Q2: Why did spot Bitcoin ETFs see outflows before this rebound? Short-term outflows can occur due to investor profit-taking, broader market risk-off sentiment, rotations into other asset classes, or reactions to macroeconomic news like interest rate expectations. Q3: How do ETF inflows directly affect the Bitcoin price? When investors buy shares of a spot Bitcoin ETF, the fund’s Authorized Participants typically purchase an equivalent amount of physical Bitcoin on the open market to create new shares. This creates direct buying pressure that can support or increase the Bitcoin price. Q4: What is the significance of BlackRock’s IBIT having the largest inflow? BlackRock’s dominance often signals strong institutional participation, as it is a trusted asset manager for large institutions. Its leading inflow share suggests confidence from professional and corporate investors. Q5: Can daily flow data predict future Bitcoin price movements? While persistent trends in ETF flows can indicate sustained demand or supply, daily data is volatile and should not be used alone for price prediction. It is one of many metrics, including trading volume, futures market data, and on-chain analytics, that analysts consider. This post Spot Bitcoin ETF Inflows Surge with $369.8M Rebound, Ending Outflow Streak first appeared on BitcoinWorld .

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Major Shiba Inu metric collapses by almost 100% since the weekend.

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Why Japan’s Election Is a Short-Term Drag but Long-Term Win for Bitcoin

Japan’s ruling bloc secured a two-thirds majority in the Lower House on February 8, handing Prime Minister Sanae Takaichi a decisive victory that has already reshaped global market positioning. The result has lifted Japanese equities while adding short-term pressure to Bitcoin (BTC), even as longer-term policy shifts in Tokyo may support institutional crypto adoption. Takaichi’s Victory Reshapes Capital Flows Market reaction to the election was swift, with Japanese stocks pushed to fresh record highs in the hours after the result, and the Nikkei extending gains as traders priced in aggressive fiscal stimulus and a more tolerant stance toward yen weakness. Market watcher Ash Crypto wrote on X that Japan’s stock market had hit a new all-time high following Takaichi’s victory, reflecting optimism around domestic reflation. Research firms and analysts were more cautious about global spillovers. XWIN Research described the outcome as bearish for Bitcoin in the near term, pointing to tighter global liquidity and shifting capital flows. Meanwhile, GugaOnChain noted that the so-called “Takaichi Trade” is not a simple exit from U.S. assets but a portfolio rebalance. Japanese Government Bonds, sidelined for years by ultra-low yields, are attracting incremental capital as fiscal expansion raises reflation expectations. That rotation has coincided with a pullback in U.S. equities. Over the past seven days, the Nasdaq Composite fell about 5.6%, the S&P 500 slipped by about 2.7%, and the Russell 2000 dropped close to 2.6%. A stronger dollar, driven by yen weakness and persistent rate gaps between the U.S. and Japan, has tightened financial conditions further. In these risk-off phases, Bitcoin has tended to move alongside U.S. equities, allowing equity-led de-risking to spill into crypto markets. “The Takaichi Trade strengthens Japan but puts pressure on the U.S. and Bitcoin,” wrote GugaOnChain. “The capital flight to JGBs and a robust dollar create an environment of inevitable adjustments, requiring investors to closely monitor the correlation between U.S. indexes and crypto assets.” Weak Sentiment Now, Policy Tailwinds Later At the time of writing, BTC was trading just below $71,000, up about 2% on the day but down more than 6% over the past week and nearly 22% in the last month. Adding to the feeling of fragility in the market, the Bitcoin Fear and Greed Index fell to a 6-year low on February 7 after BTC slid from above $90,000 in late January to near $60,000 before rebounding. CryptoQuant’s latest report shows Bitcoin trading below its 365-day moving average, with spot and institutional demand weak and liquidity tightening, all common features of a bear phase. Still, Japan’s political backdrop looks different beyond the immediate risk-off trade. With a two-thirds majority, Takaichi’s administration has room to pursue legislative changes, and officials have previously framed Web3 as an industrial policy focus. As such, analysts expect discussions around crypto tax reform and stablecoin rules to resume. As XWIN concluded, “Near-term pressure on U.S. equities and Bitcoin is macro-driven, while Japan’s institutional reforms may support crypto markets longer term.” The post Why Japan’s Election Is a Short-Term Drag but Long-Term Win for Bitcoin appeared first on CryptoPotato .

Anchorage and TRM Labs lead $300M funding week for crypto firms

The first week in February, specifically the days between the 2nd and the 6th, was a notable one for crypto-related funding and deals, with reports claiming the crypto industry was able to attract around $300 million in total investments. During the week, there were also financing events as well as M&A activity. There were a total of 14 funding rounds and acquisitions too. Crypto funding data in the first week of February. Source: RootData . Two raises stood out during the crypto funding week The first week in February was an eventful one for institutional infrastructure and two prominent raises that stood out involved Anchorage Digital and TRM Labs. Anchorage has earned its stripes as a regulated crypto custody and banking platform while TRM Labs is a blockchain intelligence and compliance/risk management platform with aims to detect crypto crimes. The funding rounds from February 5 saw Anchorage Digital secure a $100 million strategic equity investment from Tether. The deal valued Anchorage at $4.2 billion and will support its role in regulated digital asset infrastructure. “Our investment in Anchorage Digital reflects a shared belief in the importance of secure, transparent, and resilient financial systems. Anchorage Digital has set a strong benchmark for institutional digital asset infrastructure, and we are pleased to support its continued growth,” Paolo Ardoino, CEO of Tether said about the investment. The Anchorage funding round ended with the highest pledging, followed closely behind by TRM Labs’ with its Series C which saw it raise $70 million, bringing its valuation up to $1 billion. The funding round was led by Blockchain Capital with participation from Goldman Sachs, Citibank, Galaxy Ventures and others. The funds will go towards scaling the platform’s AI-driven tools for security and expansion of risk assessment solutions in the blockchain space. Both deals account for a significant portion of the reported activity, reflecting renewed investor interest in crypto infrastructure, compliance and regulated services amid a maturing space. Some notable acquisitions from the eventful week According to information from RootData , there were about four M&A transactions during the funding week, spread across crypto infrastructure, staking, social/meme platforms and tokenized RWAs. The first M&A transaction occurred on February 3 and involved Tokens.com, which was acquired by the newly revived Bed Bath & Beyond. The reason behind the acquisition is that the company is pivoting towards digital assets and retail innovation. Its goal is to build a unified gateway for RWA tokenization, blending traditional real estate finance with onchain liquidity. The integrated platform will be launched by mid-2026. The next M&A activity occurred on February 3 too as Bitwise agreed to acquire Chorus One, a prominent crypto staking infrastructure and validator services provider. On February 4, Bitte was acquired by Amadeus Protocol for a total of $1.7 million, and on February 6, Pump.fun acquired Vyper, another platform linked to the memecoin trading space. Details on the valuation were sparse, but it added up to a busy week of M&A activity. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

XRP at a critical region after recent rebound: Here’s what to watch out for

XRP has been on a turbulent ride over the past month. The cryptocurrency recently experienced a sharp pullback, falling roughly 31% over the last month. But at the beginning of February, XRP attempted a short-lived rebound, pushing the price to around $1.46. However, the recovery lacked strong follow-through, raising concerns about its sustainability. Technically, bearish signals dominate The structure of XRP’s price action remains under pressure. The recent drop below $1.20 indicates that prior support levels are now acting as resistance. This breakdown signals a bearish market structure rather than a temporary correction. On shorter timeframes, XRP shows corrective rallies toward supply zones near $1.50. But selling pressure tends to reassert at these levels, preventing a strong reversal. Several previous support areas have been broken with limited buying response, leaving only a few critical zones untested. One such demand zone sits around $1.00, which could serve as a crucial floor if the decline continues. Momentum indicators support this view with the Relative Strength Index (RSI) below neutral, and trading volumes during the rebound have been modest. This combination suggests that buyers are not yet in control of the market. XRP price chart | Source: TradingView Broader crypto market context XRP’s downtrend aligns with broader market conditions. Bitcoin and Ethereum have also faced pressure over the past month, creating additional downside risk. Traders should remain aware that broader crypto volatility can amplify XRP’s moves. The fully diluted market capitalisation of XRP stands at over $141 billion, with a circulating supply of around 60.9 billion tokens. These factors contribute to significant market inertia and can intensify selling during periods of panic. Moreover, XRP remains down roughly 43% over the past year, highlighting the prolonged weakness in its price structure. Short-term relief rallies may occur, but they are likely corrective unless buyers gain momentum. XRP price forecast Traders should watch the $1.50–$1.55 range closely. This area represents a supply zone where selling pressure has historically reappeared. A failure to break above it could push XRP toward the next critical support near $1.00. On the upside, reclaiming and holding $1.60–$1.65 would signal that bulls are regaining control. The all-time high of $3.65 remains far off, but intermediate resistance levels around $2.05–$2.30 could act as short-term targets. Market participants should also monitor volume and momentum indicators for confirmation of any reversal. In summary, XRP remains at a critical juncture. The current rebound is fragile, and traders must watch key levels to gauge whether the downtrend will continue or if a sustainable recovery is in sight. The post XRP at a critical region after recent rebound: Here’s what to watch out for appeared first on Invezz

Bitcoin Price Drop: The Hidden $1.5 Billion Force Behind the Plunge

BitcoinWorld Bitcoin Price Drop: The Hidden $1.5 Billion Force Behind the Plunge A sudden and severe Bitcoin price drop in late 2024 sent shockwaves through global markets, but the primary catalyst wasn’t retail panic or macroeconomic news—it was a complex, $1.5 billion hedging mechanism within the derivatives market. According to a detailed analysis from 10x Research, the sharp decline from approximately $77,000 to $60,000 was significantly amplified by the risk-management activities of options market makers. This event underscores a critical evolution in cryptocurrency markets, where sophisticated institutional mechanics now exert a powerful, and often invisible, influence on spot price volatility. Decoding the Bitcoin Price Drop: The Market Maker Mechanism The recent Bitcoin price drop presents a textbook case of derivatives-driven spot market volatility. Markus Thielen, CEO of 10x Research, provided crucial insight to CoinDesk, explaining that market makers (MMs) in the options market found themselves in a substantial short gamma position as prices began to fall. Fundamentally, market makers provide liquidity by facilitating trades, often taking the opposite side of investor orders. To manage the inherent risk of their options portfolios, they engage in dynamic hedging. When market makers are short gamma, their risk exposure increases as the market moves. Consequently, their hedging strategy requires them to sell the underlying asset —in this case, Bitcoin—as its price decreases to remain delta-neutral. This activity creates a self-reinforcing feedback loop: falling prices trigger mandatory selling from hedgers, which pushes prices lower, necessitating more selling. Thielen’s analysis quantified this pressure, noting that roughly $1.5 billion in short gamma exposure accumulated during the descent from $75,000 to $60,000, materially accelerating the Bitcoin price drop. The Anatomy of Options Gamma and Its Market Impact To understand the forces behind this Bitcoin price drop, one must grasp the concept of gamma . In options trading, gamma measures the rate of change in an option’s delta relative to price movements in the underlying asset. A short gamma position means the market maker’s sensitivity to price changes is negative. Therefore, managing this position demands counterintuitive actions. In a Short Gamma Position: Market makers must buy when prices rise and sell when prices fall. Result: This hedging adds momentum to existing trends, increasing volatility. Scale: The larger the options market, the greater the potential hedging impact on the spot market. The growth of the Bitcoin options market, particularly on exchanges like Deribit and CME, has magnified this effect. As open interest and trading volumes in options contracts reach new highs, the hedging activities of major liquidity providers become a more significant price determinant. This structural shift means that volatility can now stem from internal market mechanics as much as from external news events. Expert Insight: A Market at an Inflection Point Markus Thielen’s commentary highlights a pivotal moment for cryptocurrency market structure. “The price was only able to rebound after this sell-off was absorbed,” he stated, pointing to the transient yet intense nature of gamma-driven selling. This analysis moves beyond simplistic narratives of “whale manipulation” or “miner selling” to identify a precise, quantifiable mechanism. The event serves as a real-world case study for traders and analysts, demonstrating that monitoring options market metrics—such as gamma exposure, put/call ratios, and open interest—is now essential for understanding spot price action. The timeline of the event is telling. The decline occurred over a condensed period, with the most aggressive selling aligning with peak gamma negativity. This pattern has historical precedents in traditional finance, notably in equity market “volmageddon” events, but its occurrence in Bitcoin markets signals their maturation and increased complexity. Broader Implications for Cryptocurrency Volatility This Bitcoin price drop, driven by market maker hedging, carries profound implications for all market participants. For investors, it underscores the importance of understanding the interconnectedness of spot and derivatives markets. A sell-off may not always reflect a fundamental change in valuation but can instead be a technical recalibration of large derivative books. Factor Traditional Explanation Gamma-Driven Explanation Catalyst Negative news, macroeconomic data Market maker hedging requirements Price Action Gradual, sentiment-based Accelerated, momentum-fueled Recovery Signal Positive news inflow Exhaustion of hedging pressure Furthermore, for regulators and institutional entrants, this event illustrates the sophisticated, albeit opaque, risk transfers occurring within crypto markets. It argues for greater transparency in derivatives positioning and the development of more robust risk models that account for cross-market contagion. The maturation of these markets inevitably brings with it the complex behaviors and volatility spikes long observed in traditional finance. Conclusion The dramatic Bitcoin price drop from $77,000 to $60,000 was a landmark event that revealed the growing power of derivatives market structure over spot prices. Driven by an estimated $1.5 billion in market maker hedging related to short gamma positions, the decline was a technical phenomenon as much as a financial one. This analysis, grounded in data from 10x Research, provides a crucial framework for understanding modern cryptocurrency volatility. As the Bitcoin options market continues to expand, its gamma effects will likely remain a key, and sometimes dominant, driver of short-term price movements, demanding increased vigilance and sophistication from all who participate in the digital asset ecosystem. FAQs Q1: What is a “short gamma” position in simple terms? A short gamma position means a trader’s (or market maker’s) need to hedge their risk forces them to buy an asset when its price goes up and sell it when the price goes down, which can amplify market moves. Q2: How did market maker hedging cause the Bitcoin price drop? As Bitcoin’s price began to fall, market makers with short gamma positions were forced to sell Bitcoin to rebalance their risk. This mandatory selling added significant downward pressure, accelerating the decline. Q3: Is this type of volatility unique to cryptocurrency markets? No, similar gamma-driven volatility events, sometimes called “gamma squeezes,” have occurred in traditional equity and index options markets. Their occurrence in Bitcoin signifies the market’s growing maturity and complexity. Q4: What does this mean for the average Bitcoin investor? Investors should be aware that sharp price movements can be driven by internal market mechanics (like derivatives hedging) rather than just fundamental news. Monitoring options market data can provide a more complete picture of market risk. Q5: Will this type of event happen again? Given the continued growth of the Bitcoin options market, it is highly likely that gamma-related volatility will recur. The scale and frequency will depend on the size of options open interest and market positioning during future price trends. This post Bitcoin Price Drop: The Hidden $1.5 Billion Force Behind the Plunge first appeared on BitcoinWorld .

Bitcoin Technical Analysis February 9: 19% Friday Bounce Holds $69,000 – Bullish Recovery or Trap?

After a steady fall in price from Wednesday onward, a massive recovery took place on Friday. A 19% bounce from a bottom of nearly $60,000 took the price all the way back up above the $69,000 major support. This has held over the weekend, but could the price now fall back down and trap all the bulls? A weekly close above $69,000 is good news for the bulls Source: TradingView The main takeaway on Monday for the $BTC price is that the weekly close was above the major $69,000 horizontal support . That said, this week is possibly going to be a real trial for the bulls to maintain this bounce. After such a huge 19% recovery, the Stochastic RSI indicators are at their limits and will probably be coming back down, signalling failing upside momentum as they do so. Probably the best scenario for the bulls here is for a period of sideways consolidation. If the price can stay around the major support for the next few days, this would give the momentum indicators time to reset. If one extends the trendlines out from the falling wedge, it can be seen that the $BTC price is respecting what was the lower falling wedge trendline in particular, and the bulls have not been able to close a 4-hour candle body above this line as yet. If the price does fall below the major support, the other trendline could also play a role and act as support. An ugly price drop still to come? Source: TradingView The daily chart is not good viewing, at least from the perspective of the bulls. A big bounce might have taken place, but will it be enough to stop the rot? The full extension of the measured move out of the bear flag is still waiting below at $53,000 . This also aligns with the bottom of the 8-month bull flag in 2024. One very telling indicator in the chart above is the 200-day SMA. This moving average has only moved upward for the whole of this bull market cycle, except for a slight inclination downward at the end of the aforementioned bull flag. The 200-day SMA is currently bending down at a faster rate. Could this moving average be signalling a really ugly price drop still to come? Next major support levels Source: TradingView The weekly chart gives us a birds eye view of where the price could come down to if the major $69,000 horizontal support does not hold. Firstly, the 200-week SMA is already doing a job of support. The $BTC price did not quite get down to this average, but even so, it does look like the 200-week is going to be a decent prop should the price come down to it again. Below this at $53,000 is the measured move out of the bear flag, as well as a very good support level in its own right. The other major support levels are marked on the above chart. Could the price get down to one of these lower levels? Yes, anything is possible, but if one looks at the two indicators at the bottom of the chart, it becomes clear that a rally cannot be too far off. The weekly Stochastic RSI has hit bottom, while the RSI has also just moved into oversold territory . The last time it was there (June 2022) it was very close to the bear market bottom. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Key Message for Shiba Inu Investors on Winning During Market Downturn

A prominent Shiba Inu community voice, Shibarium Updates, recently shared a motivational message reinforcing patience, discipline, and long-term conviction among SHIB investors. The commentary acts as a behavioral reminder amid growing discussions on what it takes to succeed in the crypto market, especially after the recent massive dip that pushed token prices lower. Visit Website