$BTC 🔥🔥🔥#Bitcoin: Is the market holding its breath before a new impulse?
Bitcoin is preparing for the next leap towards a new ATH. The current zone is an accumulation phase before a potential acceleration.
If the market corrects to $103K — this is a great opportunity to buy more. Such levels become rare in a bull cycle.
A breakout above $106K will open the path to accelerated movement. Upon breakout — there is a high probability of continuing the rally towards $120K+ already in the third quarter.
We are monitoring the price reaction at key levels. The structure remains bullish.
There is no rush to enter — the market is forming a new daily range of 1.45 – 0.927.
Yesterday, there was a sweep of local lows → we got a strong bounce. Now we are heading towards the demand zone on lower time frames around those very lows.
RSI shows the first signs of strength.
Possible long — in the zone of 0.94 – 0.92, but a more reliable entry will be after breaking the descending wedge and securing above local resistance (red zone).
If we lose the current range — we could immediately drop to 0.6, as there are no supports between the levels.
One of the large holders of #USDT withdrew 93% of all available liquidity from the #Aave pool, effectively blocking other whales who can no longer withdraw their funds due to the high utilization of the pool.
Such actions may trigger subsequent price movements or changes in interest rates in the protocol.
⚠️⚠️⚠️⚠️ Leader chains by the number of transactions in the last 30 days
Analyzing where the most on-chain movement is currently concentrated:
1. Hyperliquid — 364M transactions 2. DFINITY (ICP) — 215M 3. Solana — 102M 4. Base — 8.9M 5. TRON — 8.6M 6. BNB Chain — 7.8M 7. Sui — 5.5M 8. NEAR — 5.3M
✍️ Hyperliquid and ICP suddenly dominate — serious on-chain activity. ✍️ Solana confidently holds its place in the top 3. ✍️ Other L1s currently look significantly weaker in traffic.
On-chain activity is a good early signal of interest in the ecosystem. Let's keep track of where the movement starts to be the first.
📊 Against the backdrop of the first cryptocurrency price rising #BTC above $93,000, the fear and greed index has risen to 72, which corresponds to the 'greed' level.
Additionally, Bitcoin has outperformed silver and Amazon in market capitalization.
PANews reported on April 12 that, according to monitoring by Lookonchain, DWF Labs deployed 6 DeFi liquidity pools for the Trump family crypto project WLFI stablecoin #USD1 with a total value of 18 million US dollars, including: 1.5 million USDT and 1.5 million USD1 (Ethereum), 2.5 million USDC and 2.5 million USD1 (Ethereum), 490,000 #USDf and 500,000 USD1 (Ethereum), 318.5 ETH and 500,000 #USD1 (Ethereum), 3 million USDT and 3 million USD1 (BSC), 1730 BNB and 1 million #USD1 (BSC)
🪙 Binance is actively negotiating with the U.S. Treasury — discussing the easing of controls and a return to the American market. At the same time, the exchange is considering a deal with the Trump family crypto project WLFI — potentially a billion-dollar profit due to the growth of the stablecoin #USD1.
Meanwhile, CZ has agreed to cooperate with the Justice Department and provide testimony about Justin Sun as part of a plea deal.
Sun denies the rumors: he calls CZ a mentor and emphasizes that the Justice Department has always been a close partner for his projects.
Joe Burnett, research director at Unchained, stated that Bitcoin retains the potential for growth to $1.8 million per coin by 2035, despite the current correction and declining investor interest. The forecast is based on a "parallel model" suggesting parity with the market capitalization of gold ($21 trillion).
Burnett also noted Michael Saylor's model, suggesting a price of $2.1 million in a similar timeframe. He emphasized that the volatility of #BTC is decreasing, and long-term holders continue to accumulate the asset during downturns.