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The chart is forming a rising channel after bottoming near $60,000.
Higher highs. Higher lows. Bulls stay in control as long as $74,000 holds.
But here's the other side. $BTC just got rejected at the top of the channel, right at the daily 200 MA, the most important level.
Two scenarios from here:
If $74,000 holds, the structure stays bullish. Next resistance is $83,000. Break that with volume and the door opens back toward $90k-$98k
If $74,000 breaks, next support is $70,000 and if the channel fully collapses, $60,000 is next, which erases the entire recovery.
Here's the deeper signal nobody is talking about:
The $BTC -to-Nasdaq ratio is stuck at 2.70 and can't break above 3.0. Every time it tries, it gets rejected. $BTC isn't leading this market, It's following Nasdaq. Until it breaks the 3.0 ratio and starts outperforming tech stocks, the real bull run hasn't started yet.
$ESPORTS crashed -93% in a single day, wiping out over $110 MILLION in market cap and liquidating $4.72 million in longs.
There is a speculation that the majority of $ESPORTS supply was controlled by the team.
Here's how it happened:
- 60M tokens were quietly unlocked from a team-controlled multisig wallet. - Connected wallets then dumped 178-197M tokens at once, which is 43% of the entire circulating supply. - They cashed out roughly 19,049 BNB ($12.7M -$13.6M) into the liquidity pools. - The selling wiped out all buy liquidity and sent the price toward zero.
Retail was left holding a token worth almost nothing.
Major central bank balance sheet curves are starting to turn upward again, with China leading the expansion.
The last major liquidity expansion was during COVID-19, when excess liquidity flowed into risk-on assets that fueled the 2021 Bitcoin and equity rally.