Vietnam Sets Mid-January Timeline For Pilot Crypto Exchange Approvals

  vor 5 Tagen

Vietnam is moving to put its fast-growing crypto trade on a tighter leash, with Prime Minister Pham Minh Chinh telling agencies to license pilot digital asset exchanges before Jan. 15 under a sandbox designed to test the market. The timeline landed at a national online conference on Jan. 6 that reviewed the finance sector’s 2025 performance and set priorities for 2026, with the pilot exchange approvals listed as one of eight task groups for the year ahead, according to the Vietnam Investment Review . Officials have tracked rising interest in digital and crypto assets from both domestic and foreign investors, a shift that has gathered pace after the government launched a formal pilot framework in Sept. 2025. Sandbox Launch Keeps Initial Crypto Market Tightly Controlled Vietnam also starts 2026 with a broader legal base for the digital economy, after the Law on Digital Technology Industry took effect on Jan. 1 and explicitly covers digital assets alongside areas such as semiconductors and artificial intelligence. The initial sandbox will stay deliberately small. A representative of the Cryptoasset Trading Market Management Board under the State Securities Commission said five companies will be selected for the first phase. Entry hurdles aim to keep the early participants heavily institutional. Applicants must post minimum charter capital of about $400M, while institutions must hold at least 65% of charter capital, including more than 35% contributed by at least two organisations such as banks, securities firms, fund managers, insurers or technology companies. Cross Agency Monitoring Backs Vietnam’s Crypto Sandbox The rulebook also leans on clean financial history and hardened systems. Institutional shareholders must show profits for the prior two years with audited statements receiving unqualified opinions, and service providers must meet level 4 IT safety standards on a five-level scale. Vietnam is also building a multi-agency enforcement model, with the Ministry of Finance overseeing operations, the State Bank of Vietnam monitoring capital flows to curb money laundering, and the Ministry of Public Security tasked with tackling high tech crime. The post Vietnam Sets Mid-January Timeline For Pilot Crypto Exchange Approvals appeared first on Cryptonews .

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Fireblocks to buy crypto accounting firm TRES for $130M to boost compliance

  vor 5 Tagen

Digital asset infrastructure firm Fireblocks has agreed to acquire crypto accounting and tax platform TRES for $130 million, a move aimed at strengthening compliance and audit capabilities for institutions managing digital assets at scale. The deal reflects growing demand for robust accounting infrastructure as stablecoin usage and on-chain treasury activity expand rapidly. Fireblocks confirmed the acquisition value to Fortune on Wednesday, highlighting the importance of compliance tools for enterprises increasingly operating on blockchain networks. The company said stablecoin settlements now exceed “hundreds of billions” of dollars each month, while more firms are running entire treasury operations on-chain. Rising on-chain activity drives compliance needs Fireblocks said the surge in blockchain-based financial activity has created an urgent need for accurate, audit-ready accounting systems. As institutions adopt digital assets for payments, treasury management, and settlements, they face mounting regulatory and tax-reporting obligations. “Both crypto-native firms and traditional institutions need clear, accurate accounting and auditability,” Fireblocks chief executive Michael Shaulov said in a statement. By integrating TRES, Fireblocks said clients will be able to manage digital asset operations while generating compliant financial records within a single platform. TRES’ infrastructure will provide Fireblocks customers with tax-compliant, audit-ready records of their on-chain financial activity. The company emphasized that the combined offering is designed to support institutions seeking to remain compliant while scaling blockchain-based operations. Shaulov said the acquisition is part of a broader strategy to build a full-spectrum treasury management solution. “We believe that we will be able to create a much broader treasury management solution that is kind of full spectrum,” he said. TRES to remain standalone platform TRES chief executive and co-founder Tal Zackon said the platform will continue to operate as a standalone product, with no immediate changes for existing customers or partners. In a blog post, Zackon said Fireblocks’ scale and resources would help accelerate TRES’ growth, improve customer service, and strengthen security and enterprise readiness. “Fireblocks will leverage their size and skill set to accelerate our growth, perfect our customer service, enhance our security and enterprise readiness, and deepen our technological advantage,” Zackon said. Fireblocks provides crypto custody, transfer, and settlement services, and says it works with around 2,400 enterprises globally. The company claims to have supported more than $10 trillion in transaction volume and has expanded into stablecoin infrastructure, helping clients issue and manage their own tokens. Building an end-to-end crypto infrastructure stack The TRES acquisition follows a series of moves by Fireblocks to broaden its product offering as institutional adoption of digital assets grows. In late October, the firm acquired and integrated the technology stack of enterprise wallet provider Dynamic, strengthening its wallet and user-access capabilities. More recently, Fireblocks announced an integration with XION, a Layer-1 blockchain designed for mainstream adoption. The company has also partnered with Singapore Gulf Bank, a licensed digital wholesale bank regulated by the Central Bank of Bahrain, to support digital asset custody and treasury management. Together, these developments underscore Fireblocks’ push to position itself as an end-to-end infrastructure provider for institutional crypto users. As regulatory scrutiny intensifies and on-chain activity continues to scale, the company is betting that demand for integrated custody, settlement, accounting, and compliance tools will continue to grow. The post Fireblocks to buy crypto accounting firm TRES for $130M to boost compliance appeared first on Invezz

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BTC Perpetual Futures Long/Short Ratio Reveals Cautious Market Sentiment Amidst Global Uncertainty

  vor 5 Tagen

BitcoinWorld BTC Perpetual Futures Long/Short Ratio Reveals Cautious Market Sentiment Amidst Global Uncertainty Global cryptocurrency markets witnessed a notable shift in trader positioning today as the latest BTC perpetual futures long/short ratio data reveals a cautious 50.75% short bias across the world’s three largest derivatives exchanges. This comprehensive analysis examines the precise 49.25% long versus 50.75% short distribution that emerged during the last 24-hour trading session, providing crucial insights into institutional and retail trader sentiment toward Bitcoin’s immediate price trajectory. Market analysts closely monitor these BTC perpetual futures metrics because they often serve as reliable indicators of impending price movements and broader market psychology. Understanding BTC Perpetual Futures Long/Short Ratios BTC perpetual futures represent sophisticated financial instruments that allow traders to speculate on Bitcoin’s price movements without expiration dates. These derivatives maintain their positions through funding rate mechanisms that balance long and short interests. The long/short ratio specifically measures the proportion of open positions betting on price increases versus those anticipating declines. Consequently, this metric provides valuable sentiment data that experienced traders analyze alongside traditional technical indicators. Furthermore, exchanges calculate these ratios using aggregated position data from all active traders on their platforms. Professional market participants consider several critical factors when interpreting long/short ratios. First, extreme readings often signal potential market reversals as crowded trades become unsustainable. Second, consistent trends across multiple exchanges typically indicate stronger conviction than isolated platform data. Third, funding rates accompanying these ratios provide additional context about market equilibrium. Finally, experienced analysts compare current ratios against historical averages to identify unusual positioning. The current 49.25% long to 50.75% short distribution represents one of the most balanced readings observed in recent months. Exchange-Specific Analysis of Bitcoin Derivatives Positioning Detailed examination of individual exchange data reveals subtle but important variations in trader behavior. Binance, the world’s largest cryptocurrency exchange by trading volume, reported a 49.35% long to 50.65% short distribution. This near-perfect equilibrium suggests professional traders on this platform maintain neutral expectations despite recent market volatility. Meanwhile, OKX displayed the most pronounced short bias with 48.63% long positions against 51.37% short positions. This 2.74 percentage point difference indicates slightly greater bearish sentiment among OKX’s predominantly institutional user base. Bybit’s data showed 49% long versus 51% short positioning, mirroring the overall market average almost exactly. The consistency across these three major platforms—which collectively represent approximately 85% of global cryptocurrency derivatives open interest—strengthens the statistical significance of today’s readings. Market structure analysts note that synchronized positioning across exchanges often precedes periods of reduced volatility as conflicting opinions balance each other. Additionally, the narrow range between exchange-specific ratios (less than 1 percentage point variation) suggests information efficiency in today’s interconnected cryptocurrency markets. Historical Context and Market Implications Comparing current ratios against historical data provides crucial perspective for proper interpretation. During Bitcoin’s November 2021 all-time high, aggregate long positions exceeded 65% across major exchanges. Conversely, the June 2022 market bottom saw short positions surge above 58%. Today’s nearly balanced 49.25%/50.75% distribution represents the most neutral sentiment reading since January 2024. This positioning typically correlates with consolidation phases where markets digest previous movements before establishing new trends. Several macroeconomic factors likely influence current derivatives positioning. First, ongoing regulatory developments in major economies create uncertainty about cryptocurrency market structure. Second, traditional financial market volatility affects risk appetite across all speculative assets. Third, Bitcoin’s upcoming halving event in April 2024 creates conflicting narratives about supply dynamics. Fourth, institutional adoption continues progressing despite short-term price fluctuations. Finally, technical analysis shows Bitcoin testing key support levels that often trigger derivative repositioning. Mechanics of Perpetual Futures Funding Rates Perpetual futures maintain price parity with spot markets through sophisticated funding rate mechanisms. These periodic payments transfer value between long and short position holders based on market conditions. When long positions dominate, funding rates typically turn positive, requiring longs to pay shorts. Conversely, excessive short positioning usually creates negative funding rates where shorts compensate longs. Current funding rates across major exchanges remain near neutral levels, confirming the balanced sentiment indicated by long/short ratios. Experienced derivatives traders monitor several interconnected metrics simultaneously. First, they track open interest changes to distinguish between new positions and existing ones. Second, they analyze volume patterns to identify institutional versus retail activity. Third, they examine liquidation levels to understand potential price catalysts. Fourth, they monitor basis spreads between futures and spot prices. Fifth, they consider options market data for complete sentiment analysis. Today’s data shows moderate open interest growth accompanied by average trading volume, suggesting measured rather than frantic positioning adjustments. Institutional Versus Retail Trading Patterns Advanced data analytics reveal distinct behavioral patterns between institutional and retail derivatives traders. Institutional participants typically demonstrate more balanced positioning with smaller position sizes relative to capital. Retail traders often exhibit greater herd behavior with larger concentrated positions. Current exchange data suggests institutional traders maintain the slight short bias while retail traders show marginally more long exposure. This divergence creates interesting market dynamics where sophisticated and unsophisticated participants hold opposing near-term expectations. Several verification methods ensure data accuracy and reliability. First, exchanges calculate ratios using actual position data rather than surveys or estimates. Second, multiple data aggregators cross-verify figures across platforms. Third, blockchain analytics firms correlate on-chain movements with derivatives positioning. Fourth, regulatory filings from public cryptocurrency companies provide additional validation. Fifth, academic research consistently confirms the predictive value of properly interpreted long/short ratios. The consistency across these verification methods strengthens confidence in today’s reported figures. Global Market Correlations and External Influences Cryptocurrency derivatives markets increasingly correlate with traditional financial indicators despite maintaining unique characteristics. First, U.S. dollar strength inversely affects Bitcoin pricing across global exchanges. Second, equity market volatility spills over into cryptocurrency risk appetite. Third, interest rate expectations influence capital allocation decisions. Fourth, geopolitical developments affect all risk assets simultaneously. Fifth, technological advancements create fundamental value independent of market cycles. Current neutral derivatives positioning suggests traders await clearer signals from these external factors before establishing strong directional bets. Regional analysis reveals interesting geographical variations in trading behavior. Asian markets typically demonstrate greater derivatives activity during their daytime hours. European traders often focus on arbitrage opportunities between different instruments. North American participants increasingly influence markets through regulated products like Bitcoin ETFs. These regional patterns create continuous 24-hour trading flows that sometimes obscure underlying sentiment. However, aggregate long/short ratios effectively smooth these geographical variations to reveal genuine market psychology. Conclusion The current BTC perpetual futures long/short ratio of 49.25% long versus 50.75% short represents balanced market sentiment amid uncertain global conditions. This nearly equal distribution across Binance, OKX, and Bybit suggests traders await clearer directional signals before committing to strong bullish or bearish positions. While slight short bias exists, the minimal differential indicates cautious optimism rather than outright pessimism. Market participants should monitor upcoming economic data, regulatory developments, and technical levels that could trigger more decisive positioning. Ultimately, today’s BTC perpetual futures metrics reflect mature market behavior where participants carefully weigh multiple factors before establishing derivatives exposure. FAQs Q1: What exactly does the BTC perpetual futures long/short ratio measure? The ratio measures the percentage of open long positions versus short positions in Bitcoin perpetual futures contracts across specific exchanges, providing insight into trader sentiment and market expectations. Q2: Why do different exchanges show slightly different long/short ratios? Variations occur because each exchange has distinct user demographics, trading interfaces, fee structures, and geographical concentrations that influence how traders position themselves in derivatives markets. Q3: How often should traders monitor these long/short ratios? Professional traders typically check these metrics daily for significant changes, but weekly trends often provide more reliable signals than daily fluctuations for longer-term positioning decisions. Q4: Can long/short ratios predict Bitcoin price movements accurately? While not perfect predictors, extreme ratios often signal potential reversals, and consistent trends across multiple exchanges frequently precede significant price movements when combined with other indicators. Q5: How do funding rates relate to long/short ratios? Funding rates balance perpetual futures markets by transferring payments between long and short positions; they typically become positive when longs dominate and negative when shorts prevail, working alongside ratios to maintain market equilibrium. This post BTC Perpetual Futures Long/Short Ratio Reveals Cautious Market Sentiment Amidst Global Uncertainty first appeared on BitcoinWorld .

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The Death of the 4-Year Cycle: Experts on Bitcoin’s New Macro Reality

  vor 5 Tagen

Bitcoin’s surge to $126K in October 2025 quickly unraveled after a liquidation cascade, ending the year below $100K and challenging the predictive power of the traditional 4‑year halving cycle. Analysts argue the market has entered a new regime shaped by institutional capital and exchange-traded funds flows, resulting in slower but more stable price action. A

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Zcash Governance Dispute Sparks Devastating Exodus: Core Development Team Resigns Amid Foundation Conflict

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BitcoinWorld Zcash Governance Dispute Sparks Devastating Exodus: Core Development Team Resigns Amid Foundation Conflict In a stunning development that has sent shockwaves through the cryptocurrency community, the entire core development team behind Zcash (ZEC) has tendered their collective resignation. This unprecedented move stems from a deep-seated governance dispute with the Zcash Foundation, specifically the non-profit entity Bootstrap, threatening the future trajectory of one of the most prominent privacy-focused cryptocurrencies. The immediate market reaction has been negative, with ZEC’s price experiencing a notable decline as investors grapple with the implications of this internal schism. Zcash Governance Dispute Reaches Breaking Point The Electric Coin Company (ECC), the primary entity responsible for Zcash’s protocol development and research, confirmed the mass resignation on Tuesday. According to a statement from ECC CEO Josh Swihart, the conflict centers on fundamental disagreements with the Zcash Foundation’s Bootstrap organization regarding the project’s original vision and operational governance. Swihart alleges that a majority faction within Bootstrap has implemented what he describes as “malicious governance measures,” which have systematically hindered the development team’s ability to execute its roadmap effectively. Consequently, the team felt compelled to resign en masse, a rare and significant event in the blockchain space that underscores the severity of the rift. This conflict is not merely administrative; it strikes at the heart of Zcash’s identity. Launched in 2016, Zcash was built on the pioneering zk-SNARKs technology, offering users optional transaction privacy. The project’s governance was intentionally structured with multiple entities—including ECC and the Zcash Foundation—to create checks and balances. However, this structure appears to have fractured. The development team’s departure raises immediate questions about who will maintain and upgrade the core protocol, a critical function for any blockchain’s security and evolution. A Clash of Visions and Control The dispute reveals a fundamental clash between the founding technical team and the supporting foundation. Josh Swihart has announced his own departure from ECC to establish a new company, signaling a complete break from the current Zcash ecosystem structure. In stark contrast, Zcash’s enigmatic founder, Zooko Wilcox, has publicly voiced his support for the Bootstrap organization. This alignment creates a complex narrative where the project’s creator sides with the foundation against the core developers he once helped assemble. Industry analysts note that such public fractures between a founder and the core dev team are exceptionally rare and often precede significant project forks or declines. Immediate Impact on ZEC Price and Network Stability The market responded swiftly to the news of the governance turmoil. According to data from CoinMarketCap, the price of ZEC (ZEC) fell to $459.89, representing a 2.02% decline over the 24-hour period following the announcement. While this drop may seem moderate, it occurred against a relatively stable broader cryptocurrency market, indicating the sell-off was directly tied to the governance news. Traders and long-term holders are now pricing in increased “governance risk,” a premium for uncertainty regarding the project’s leadership and development future. Importantly, the Zcash network itself continues to operate normally. Blockchain transactions are still being processed, and user funds remain secure. This highlights a key strength of decentralized networks: their operational resilience even during organizational chaos. However, the long-term health of any blockchain depends on proactive maintenance, security audits, and protocol upgrades—tasks now left in limbo. The absence of the core development team creates a dangerous vacuum that could leave the network vulnerable to undiscovered bugs or unable to adapt to new cryptographic advancements. Zcash Governance Crisis: Key Entities and Positions Entity Role Stance in Dispute Electric Coin Company (ECC) Core Protocol Development Resigning; alleges “malicious governance” by Bootstrap. Bootstrap (Zcash Foundation) Non-profit Support & Funding Supported by founder Zooko Wilcox; disputed by ECC. Zooko Wilcox Zcash Founder Publicly supports Bootstrap organization. ZEC Holders & Community Users & Investors Facing price volatility and uncertainty over network future. Historical Context and Precedent in Crypto Governance Governance disputes are not unique to Zcash, but their resolution often defines a project’s destiny. The cryptocurrency history books are filled with examples: Bitcoin Cash (BCH): A contentious hard fork in 2018 split the community and development resources, ultimately diluting value and focus. Tezos (XTZ): Successfully navigated early foundation disputes through its on-chain governance model, emerging stronger. Monero (XMR): Maintained a resilient, decentralized developer community without a single corporate entity, avoiding this specific pitfall. The Zcash situation is particularly acute because its development was historically centralized within ECC. This “benevolent dictator” or “core team” model offers efficiency but carries immense centralization risk—a risk that has now materialized. The event serves as a stark case study for other projects regarding the perils of over-reliance on a single development house without a robust, decentralized succession plan. Expert Analysis on the Path Forward Blockchain governance experts point to several potential outcomes. The first is a “soft fork” in governance, where community members rally to form a new development collective, possibly led by the departing ECC engineers. The second is a “hard fork” of the protocol itself, creating a new blockchain with a different governance model, similar to Ethereum and Ethereum Classic. The third, and most damaging, scenario is prolonged stagnation, where development halts, security weakens, and Zcash slowly loses relevance. The next few weeks will be critical as the community, miners, and major holders debate the best course of action. Conclusion The resignation of the Zcash core development team marks a pivotal moment for the privacy-focused cryptocurrency. This Zcash governance dispute exposes the fragile nature of organizational structures in the decentralized world. While the network remains functional, the loss of its primary builders creates significant technical and reputational risk. The market’s negative reaction reflects legitimate concerns about the project’s ability to innovate and compete. The resolution of this conflict will test the maturity of the Zcash community and could set a new precedent for how blockchain projects manage internal power struggles. The future of Zcash now hinges on whether its community can forge a new, sustainable governance consensus from the ashes of this dispute. FAQs Q1: What caused the Zcash development team to resign? The team resigned due to an irreconcilable governance dispute with the Zcash Foundation’s Bootstrap organization. ECC CEO Josh Swihart claims Bootstrap implemented measures that hindered development, deviating from Zcash’s original objectives. Q2: Is the Zcash network still safe to use? Yes, the Zcash blockchain is currently operating normally, and user funds are secure. The immediate risk is not to existing transactions but to future development, security upgrades, and protocol maintenance. Q3: How has the ZEC price been affected? Following the announcement, ZEC’s price fell by approximately 2.02% to $459.89, underperforming the broader market. This reflects investors pricing in increased governance and development uncertainty. Q4: What is Zooko Wilcox’s position in this dispute? Zcash founder Zooko Wilcox has publicly voiced his support for the Bootstrap organization, placing him in opposition to the resigning core development team from the Electric Coin Company. Q5: What happens next for Zcash? The community must decide on a path forward. Options include forming a new development collective, a potential protocol fork, or relying on the Bootstrap organization to recruit new developers. The coming weeks will be crucial for determining Zcash’s future direction. This post Zcash Governance Dispute Sparks Devastating Exodus: Core Development Team Resigns Amid Foundation Conflict first appeared on BitcoinWorld .

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Flare Unlocks Institutional-Grade XRP Trading on Hyperliquid

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Flare Brings XRP Spot Trading to Hyperliquid: A Major Step Toward Institutional-Grade Onchain Markets Flare’s integration of XRP spot trading on Hyperliquid marks a turning point for the XRP ecosystem, unlocking deeper liquidity, improved price discovery, and genuine institutional participation, all while preserving XRP’s native settlement on XRP Ledger (XRPL). More than a standard listing, this move signals the maturation of onchain infrastructure built to support scalable, institutional-grade capital. Well, Liquidity is the cornerstone of this move. By bringing XRP spot trading to Hyperliquid, Flare opens access to a high-performance, deep-liquidity venue designed to support large trade volumes with minimal slippage. This depth enables both retail and institutional participants to execute sizable positions efficiently while reducing market impact. For XRP, the result is a stronger transition toward a globally traded, utility-driven asset, rather than a purely speculative token. Equally critical is enhanced price discovery. Hyperliquid’s high-performance trading engine consolidates onchain market activity into a transparent, unified venue, enabling prices to reflect true supply and demand. By reducing market fragmentation, it delivers a more accurate and reliable XRP spot price, an essential requirement for institutions that depend on precision, transparency, and consistency when allocating capital. Notably, the integration elevates XRP markets with true institutional-grade execution. Hyperliquid is engineered for professional trading, supporting high-frequency strategies, large block trades, and ultra-low-latency order matching. By bridging XRP to this infrastructure through Flare, XRP gains access to the operational standards demanded by hedge funds, market makers, and sophisticated traders, unlocking deeper, more efficient participation beyond basic exchange access. Critically, even as trading activity scales, settlement remains anchored to the XRP Ledger. This preserves XRP’s core value proposition, fast, low-cost, and highly reliable settlement on a proven blockchain. Rather than diluting XRP’s utility, Flare amplifies it by seamlessly connecting advanced, execution-grade trading environments with XRPL’s efficient settlement layer. Flare’s move to bring XRP spot trading to Hyperliquid signals a broader market shift. The focus is moving away from hype-driven speculation toward real infrastructure, real liquidity, and real onchain demand. As liquidity deepens, price discovery improves, and institutions gain access to professional-grade execution, XRP’s role in the evolving onchain economy becomes increasingly impossible to ignore. Conclusion Flare’s integration of XRP spot trading on Hyperliquid is not just a technical enhancement, it’s a strategic inflection point for XRP’s evolution. By uniting deep liquidity, accurate price discovery, and institutional-grade execution with settlement anchored to the XRP Ledger, this move reinforces XRP’s market integrity and long-term utility. It marks a decisive shift away from fragmented, speculation-driven trading toward scalable, onchain infrastructure designed for real capital and real use cases. As onchain markets mature, this positions XRP not merely as a tradable asset, but as core infrastructure for the emerging institutional blockchain economy.

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Bitcoin Tests Key Resistance While $4.7B In Sell-Side Liquidity Builds

  vor 5 Tagen

Bitcoin has struggled to break through the $94,000 level and is now attempting to stabilize above the $90,000 mark, a zone that has become critical for short-term structure. While bulls are making an effort to defend recent gains, the broader market context remains fragile, with several risk factors limiting upside conviction. Price action reflects a market caught between relief-driven buying and persistent sell-side pressure near major resistance. Related Reading: Bitcoin Enters Accumulation Regime: Market Supported By Seller Exhaustion, Not Buying Surge A recent CryptoQuant analysis highlights that Bitcoin is currently testing an important technical and on-chain confluence. On the daily timeframe, BTC has managed a strong rebound from the Point of Control (POC) around $85,000, an area that previously concentrated significant trading volume. This recovery pushed price back into the $92,000–$94,000 supply zone, where sellers have consistently stepped in. From a momentum perspective, the Relative Strength Index (RSI) suggests that bullish pressure is building, signaling improving short-term sentiment. However, on-chain data paints a more cautious picture. Key flow and positioning metrics indicate that the market may be approaching a zone where distribution risk increases, especially if buyers fail to absorb available supply. This divergence between improving technical momentum and warning signals from on-chain indicators places Bitcoin at a pivotal moment. Whether BTC can consolidate above $90,000 or faces renewed rejection will likely define the next directional move, making this level critical for traders and investors alike. Rising Sell-Side Risk at Key Resistance Levels The report explains that Bitcoin is currently trading just below a major technical resistance block, highlighted as a critical supply zone. Price has entered this area multiple times, but each attempt has lacked the conviction needed for a clean breakout. Historically, when Bitcoin fails to decisively clear such resistance, the market often responds with a liquidity sweep toward lower levels, targeting areas where unfilled demand remains. On-chain data reinforces this technical caution. An analysis of Binance’s exchange netflow over the past seven days reveals a sharp increase in assets moving onto the exchange. Bitcoin net inflows reached approximately $3.6 billion, while Ethereum saw an additional $1.15 billion. Combined, this represents roughly $4.75 billion in potential sell-side pressure entering centralized venues in a short period. Related Reading: XRP Shows “Coiled Spring” Setup As Network Liquidity Hits Record Levels This creates a clear divergence. While price action suggests an attempt to break higher, the rapid expansion of exchange reserves points to a different dynamic beneath the surface. Large holders and institutions may be positioning to sell into strength or establish short exposure near resistance, rather than supporting a sustained upside move. The timing is critical. The convergence of heavy inflows with Bitcoin testing the $92,000–$94,000 range skews risk to the downside in the short term. Unless buyers can absorb this supply and secure a strong daily close above $94,000, the probability of a pullback toward the $85,000 Point of Control remains elevated. Bitcoin Consolidates Below Key Weekly Resistance Bitcoin’s weekly chart shows price stabilizing after a volatile correction, with BTC currently trading around the $92,000 area. The recent rebound followed a sharp drawdown from the $120,000 region, where strong selling pressure emerged and broke the previous bullish structure. Since then, the price has entered a consolidation phase, attempting to build a base above former support turned resistance. From a trend perspective, Bitcoin is still trading below the weekly 50-period moving average, which now acts as a dynamic resistance around the mid-$90,000s. This level has capped upside attempts so far, indicating that bulls have not yet regained full control. At the same time, the weekly 100-period moving average continues to slope upward well below the current price, suggesting that the broader macro trend remains constructive despite the correction. Related Reading: Venezuela, Geopolitical Risk, And Bitcoin: What On-Chain Data Really Shows Price action over the last several weeks shows higher lows forming near the $85,000–$88,000 zone, signaling that buyers are stepping in on dips. Volume has decreased compared to the distribution phase near the highs, which is typical during consolidation periods and suggests selling pressure is easing rather than accelerating. However, the structure remains fragile. A failure to reclaim and hold above the $95,000–$98,000 range could keep Bitcoin trapped in a broader corrective range. Conversely, a decisive weekly close above the 50-week moving average would improve the technical outlook and increase the probability of a renewed push toward the $105,000–$110,000 area. Featured image from ChatGPT, chart from TradingView.com

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