🎯 WEEKLY #BTC ANALYSIS 🧭
‼️ Dont miss ‼️
#Bitcoin might be preparing for its next move toward a new #ATH 🚀
The weekly chart shows a well-defined ascending channel structure 📈
In recent weeks, #BTC has confirmed a series of higher highs and higher lows, along with a break of structure (BOS) in the previous consolidation zone 🔄
Volume has supported this move, and the supertrend support remains well below, indicating institutional strength 💼
Fibonacci extensions point to profit-taking zones between 112k and 135k 🎯
Currently, it's trading near 107k, suggesting there may be room for another bullish leg before a larger pullback 📊
Given the current context, the most likely scenario is a continued uptrend toward the 122k zone in the mid-term 📅
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$BTC
{future}(BTCUSDT)
The "verbal aping" (嘴撸) trend has entered a white-hot stage and has now become an open scheme.
@binanceAlpha has secured pricing power, while @KaitoAI has taken control of promotion on Twitter. Meanwhile, on-chain "sh*tcoins" are in a hellish state. Everyone previously claimed they wouldn’t touch VC coins, but now all the "verbal aping" projects are VC-backed. Earlier, MEME coins were all about high multipliers, but now VCs have learned the game: as long as you participate, they give you a small allocation, then pump low-market-cap tokens tens of times.
The leader in this space is @KaitoAI. To get good data on social platforms, it’s no longer trendy to artificially inflate engagement metrics on official tweets. The direction now is clearly heading toward the YAP model.
On BASE, @virtuals_io has already hosted several rounds, and the returns seem decent. Some say that once Chinese investors start paying attention to BASE, it’s doomed to crash—but that’s just baseless nonsense.
Since someone has set the stage, @yapyo_arb has emerged to stir things up on ARB. Honestly, with ETH sidechains like these, it’s hard to say—they seem to lack substantial funding.
To pull off this YAP model or launchpad approach, strong resources are essential. That’s why we’ve seen @kloutgg, a project supported by DEX Meteora (an upgraded version of JUP), come into the picture. It’s unclear how much support they’re getting, but the official account has retweeted them.
I just DMed the official account, and they hinted at releasing a YAP-like product. Here’s a bit of speculation: if @kloutgg combines #Loud with virtuals, then there might be a revival for sh*tcoins, and coordinated shilling could become the norm.
Embrace new things, and enjoy the change.
UMA Token Surges 23.58% in 24 Hours, Ranks Among Top Binance Gainers Amid AI Buzz
UMAUSDT experienced a significant price increase of 23.58% over the last 24 hours, rising from a 24-hour open of $1.319 to a current price of $1.630 on Binance. This strong upward movement can be attributed to UMA’s recent status as one of the top five gainers on Binance, heightened social media and search interest, and notable recovery momentum following a period of extreme volatility earlier in the week. The market’s renewed focus on UMA, possibly influenced by recent news around "UMA AI" developments and broader crypto investment activity, appears to have contributed to increased trading volume and positive sentiment. UMA currently reports a 24-hour trading volume of over $172 million, with a 7-day price gain of nearly 50%, indicating robust short-term momentum and strong outperformance relative to the broader cryptocurrency market.
June 6 Update:
10 #Bitcoin ETFs
NetFlow: -1,055 $BTC(-$113.77M)🔴
#iShares(Blackrock) outflows 1,250 $BTC($134.77M) and currently holds 661,458 $BTC($71.34B).
9 #Ethereum ETFs
NetFlow: +6,819 $ETH(+$17.3M)🟢
#iShares(Blackrock) inflows 6,356 $ETH($16.13M) and currently holds 1,513,131 $ETH($3.84B).
June 6 Update:
10 #Bitcoin ETFs
NetFlow: -1,055 $BTC(-$113.77M)🔴
#iShares(Blackrock) outflows 1,250 $BTC($134.77M) and currently holds 661,458 $BTC($71.34B).
9 #Ethereum ETFs
NetFlow: +6,819 $ETH(+$17.3M)🟢
#iShares(Blackrock) inflows 6,356 $ETH($16.13M) and currently holds 1,513,131 $ETH($3.84B).
https://x.com/lookonchain/status/1931006060774760690
COOKIE Token Surges 16% on Binance Amid Social Buzz, $39M Volume, and Major Project Updates
COOKIEUSDT has experienced a notable 16.12% price increase over the past 24 hours, rising from $0.2147 to $0.2493 on Binance. This surge is primarily attributed to heightened social media engagement—COOKIE ranks among the top three AI tokens by discussion volume on X—and recent project updates, including the Cookie.fun profile release and a cryptic tweet from Cookie DAO that drove a 10% spike in unique wallet interactions. Favorable macroeconomic conditions, such as gains in the Nasdaq Composite, have also contributed to increased speculative interest in cryptocurrencies like COOKIE. Technical analysis indicates strong support at key levels, with bullish momentum supported by a significant volume-to-market cap ratio of nearly 29% and a 24-hour trading volume exceeding $39 million. COOKIE’s current market capitalization stands at approximately $135.7 million, with a circulating supply of about 547.5 million tokens. The token remains down 67% from its all-time high but is up over 1,100% from its all-time low, reflecting robust recent performance amid active trading and positive sentiment.
RVN Token Surges 13% After Upbit Listing, $370M Outflow Signals Bullish Momentum
Ravencoin (RVN) experienced a notable price increase of 13.35% over the past 24 hours, with the current price at $0.01757 (as per Binance data), rising from a 24h open of $0.01550. This recent price surge is primarily attributed to sustained positive momentum following its June 5, 2025 listing on Upbit, which triggered significant retail interest, increased trading volumes, and a spike in miner rewards. Additionally, on-chain analytics indicate a cumulative outflow of approximately 370 million RVN from exchange wallets over the past five days, suggesting reduced selling pressure and contributing to the bullish sentiment.
In the latest 24-hour period, RVN recorded a trading volume of approximately $196.6 million and a market capitalization around $231–233 million. Technical indicators reflect strong bullish sentiment, with the price currently above both its 50-day and 200-day moving averages, a 14-day RSI of 69.98 nearing overbought territory, and a Fear & Greed Index of 62 (Greed), all underscoring heightened investor interest and positive momentum in the market.