Bitcoin Setting Up for āTreasonousā Correction, According to Trader That Called 2021 Market Cycle
An analyst with a history of making timely Bitcoin calls believes thatĀ BTCĀ is on the verge of a correction.
Pseudonymous analyst Dave the WaveĀ tellsĀ his 153,800 followers on the social media platform X that Bitcoin may decline to just above a Fibonacci retracement level at $96,000.
Fibonacci retracement levels are a method of technical analysis used to determine an assetās support and resistance levels.
āThe Bitcoinerof the āup onlyā variety, might find this chart slightly ātreasonous,ā but the BTC technician will no doubt find it very promising.ā
$AB COIN Launches on Binance Dublin, Ireland, June 7th, 2025, Chainwire
AB DAO announced that its native token $AB officially began trading on Binance AlphaāBinanceās early-access, exclusive listing platform. What strategic considerations led AB to choose Alpha, and what role does this phase play in the āAB Anywhereā cross-chain asset vision? This report delves into the AB teamās rationale and plans. Users can refer to the official Binance announcement:Ā https://x.com/binance/status/1931229650543583317)
Putting Technology and Liquidity to the Test on Alpha
For any emerging blockchain network, a first exchange listing is a comprehensive trial of both technology and operations. Although the AB team has conducted multiple internal and third-party security audits on AB Core and the AB Connect cross-chain protocol, real-world user environments often hide unforeseen risks. By listing on BinancAlphaāwhere contracts undergo Binanceās rigorous security reviewāthe team can identify on-chain performance bottlenecks and deploy optimizations rapidly. Alphaās user base is targeted and highly active, with a penchant for exploring new projects. By observing their trading behavior and cross-chain experiences in real time, the AB team can make iterative improvements and preempt potential issues.
Bitcoin Cycle Timing: 925 days from low, 140-150 days to potential top in Q3/Q4 202
Bitcoinās Market Value to Realized Value, or MVRV ratio, remains one of the most reliable on-chain indicators for identifying local and macro tops and bottoms across every BTC cycle. By isolating data across different investor cohorts and adapting historical benchmarks to modern market conditions, we can generate more accurate insights into where Bitcoin may be headed next.
The Bitcoin MVRV Ratio
TheĀ MVRV#
RatioĀ compares Bitcoinās market price to its realized price, essentially the average cost basis for all coins in the network. As of writing, BTC trades around $105,000 while the realized price floats near $47,000, putting the raw MVRV at 2.26. TheĀ Z-Score version of MVRVstandardizes this ratio based on historical volatility, enabling clearer comparisons across different market cycles.
Bitcoin āgoing to take overāāElon Musk backs shock $40 trillion U.S. dollar collapse warning amid price boom
The bitcoin price set a new all-time high of $112,000 per bitcoin last month, surging 50% from its April low andĀ helped by U.S. vice president JD Vance issuing a huge crypto prediction.
ļæ¼Tesla chief executive Elon Musk has reposted a wild bitcoin prediction following the huge bitcoinĀ price rally. (Getty Images)
Now,Ā as the Covid-erameme stock craze turns to bitcoin, Tesla billionaire Elon Musk has restarted his campaignĀ against out-of-control U.S. government spending, backing a warning that bitcoin could ātake overā from the U.S. dollar as the worldās reserve currency.
āIf the electorate doesnāt hold Congress accountable to reducing the deficit, and start paying down the debt, bitcoin is going to take over as reserve currency,ā Brian Armstrong, the chief executive of crypto exchange Coinbase,Ā postedĀ to X in comments reposted by Musk.
#CryptoFees101 1. Transaction Fee A small fee paid to validators/miners to process a transaction on a blockchain. Varies by network (e.g., Ethereum, Bitcoin, Solana, etc.). Also known as gas fees on Ethereum.
2. Exchange Fee Fees charged by crypto exchanges (like Binance, Coinbase, etc.) for: Trading (maker/taker fees) Deposits or withdrawals Converting between cryptocurrencies
3. Network Fee Similar to a transaction fee, but emphasized when moving crypto between wallets or exchanges. Often paid in the native token (e.g., ETH for Ethereum, BTC for Bitcoin).
4. Wallet Fee Some wallets or wallet services charge fees for managing transactions or swaps.