#DeFiGetsGraded

📊 A Professional Look at the Bitcoin and Bitlayer Market

Bitcoin is currently trading at $118,814 near its all-time high, with a market dominance of 58.7% and liquidity approaching $2.36 trillion. A strong support level at $118K, with a bullish MACD and neutral RSI, indicates a continuation of the upward momentum.

💡 Bitlayer is Making Waves in DeFi

Over 30 projects have joined its Bitcoin-focused ecosystem.

Launch of the BitVM bridge on mainnet supported by Franklin Templeton to securely transfer BTC to YBTC.

Strategic partnerships with Sui, Base, and Arbitrum expand cross-blockchain connectivity capabilities.

The Binance Bitlayer Booster program allocates 30M BTR (3% of the total supply) as incentives for participation.

📈 Highlighted Trading Opportunities

Strong support at $118K… An ideal entry point on pullbacks.

Increased activity in YBTC with multi-chain DeFi expansion.

Additional gains for BTR holders from the Airdrop and token yields.

Monitoring a breakthrough of $119K for new record levels.

🏦 Notable Institutional Activity

An increasing pace of Bitcoin accumulation by institutions, with Bitcoin layer two solutions adding $24B to the DeFi sector, while the community expresses optimism about Bitlayer's role in expanding Bitcoin's use beyond being a store of value.