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dhrugtest

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JUST IN: PAKISTAN CENTRAL BANK JUST OFFICIALLY ENDED AN 8-YEAR BAN ON #BITCOIN AND CRYPTO BTC FIRMS CAN NOW LEGALLY SECURE BANK ACCOUNTS WAR ON BTC IS OVER
JUST IN: PAKISTAN CENTRAL BANK JUST OFFICIALLY ENDED AN 8-YEAR BAN ON #BITCOIN AND CRYPTO

BTC FIRMS CAN NOW LEGALLY SECURE BANK ACCOUNTS

WAR ON BTC IS OVER
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Ethereum $1,900 Retest Could Decide Next Major Move – Is ETH Preparing For New Lows?As most of the crypto market retests crucial levels, Ethereum (ETH) is attempting to reclaim a major horizontal area. Some market observers have warned that cryptocurrency could fall to new lows if the price doesn’t bounce soon. Ethereum Weekly Close On Sight On Thursday, Ethereum dropped 1.4% to retest a key area for the second consecutive day. After hitting a 10-month low of $1,747, the King of Altcoins bounced more than 15% to trade between $2,000 and $2,150 over the past few days. However, the second-largest cryptocurrency by market cap failed to hold the crucial $2,000 horizontal barrier on Wednesday and tested the $1,900 mark for the first time in a week. As most of the crypto market retests crucial levels, Ethereum (ETH) is attempting to reclaim a major horizontal area. Some market observers have warned that cryptocurrency could fall to new lows if the price doesn’t bounce soon. After attempting to reclaim the key psychological level in the early hours of Thursday, Ethereum was rejected toward the recent lows, briefly falling below it. Analyst Ted Pillows highlighted the importance of ETH’s current zone, as it has previously triggered major moves. To him, if the altcoin fails to reclaim the $2,000 area in the coming days, a full retrace toward the recent lows should be expected soon. Similarly, market observer Crypto Busy noted that the cryptocurrency is currently trading above a major long-term support. According to the post, the recent correction has sent Ethereum toward a three-year rising support line, which “will decide the next big move.” The analyst warned that “If the trendline breaks with strong weekly closes below $1,900, the structure weakens.” Therefore, ETH must hold its current levels in the coming days to avoid a weekly close below this level. Otherwise, its price could drop “into the next liquidity pockets around $1,600 and possibly $1,300, where the next historical support zones exist.” Is ETH’s ‘Real’ Bull Market Two Years Away? A trader shared a potential macro-outlook for Ethereum that suggests the cryptocurrency could still see another major shakeout. My thesis is that the major bullish move that began around 2019–2020 has transitioned into a large and prolonged macro correction, and that Ethereum has been consolidating within this broader corrective structure ever since. He outlined four phases for the macro structure: the pump, the correction, the shakeout, and the moon. The initial phase, which occurred between 2019 and 2021, marked “the true impulsive bullish move,” with strong trend expansion and increasing momentum. According to the market observer, the strong rally that followed the 2022 bear market appears to be a “counter-trend move within a broader corrective range” rather than a renewed bull market and the start of a new long-term cycle. As he explained, ETH’s range-bound behavior signals distribution and consolidation instead of continuation. “From this perspective, the apparent bull market that developed within the correction can be interpreted as a dead cat bounce, a technically strong bounce occurring inside a larger corrective structure,” he affirmed. Therefore, the current macro structure would suggest that a final shakeout phase could “still be required to fully reset sentiment and liquidity before Ethereum can transition into a new impulsive bullish cycle. Based on this, the trader anticipated a final liquidity-driven move to the downside in the coming months, followed by “the moon” phase, potentially next year, when “the structure suggests the conditions for a true long-term bullish continuation, with price discovery and expansion well beyond previous highs.” #CPIWatch

Ethereum $1,900 Retest Could Decide Next Major Move – Is ETH Preparing For New Lows?

As most of the crypto market retests crucial levels, Ethereum (ETH) is attempting to reclaim a major horizontal area. Some market observers have warned that cryptocurrency could fall to new lows if the price doesn’t bounce soon.
Ethereum Weekly Close On Sight
On Thursday, Ethereum dropped 1.4% to retest a key area for the second consecutive day. After hitting a 10-month low of $1,747, the King of Altcoins bounced more than 15% to trade between $2,000 and $2,150 over the past few days.
However, the second-largest cryptocurrency by market cap failed to hold the crucial $2,000 horizontal barrier on Wednesday and tested the $1,900 mark for the first time in a week.
As most of the crypto market retests crucial levels, Ethereum (ETH) is attempting to reclaim a major horizontal area. Some market observers have warned that cryptocurrency could fall to new lows if the price doesn’t bounce soon.
After attempting to reclaim the key psychological level in the early hours of Thursday, Ethereum was rejected toward the recent lows, briefly falling below it. Analyst Ted Pillows highlighted the importance of ETH’s current zone, as it has previously triggered major moves.
To him, if the altcoin fails to reclaim the $2,000 area in the coming days, a full retrace toward the recent lows should be expected soon. Similarly, market observer Crypto Busy noted that the cryptocurrency is currently trading above a major long-term support.
According to the post, the recent correction has sent Ethereum toward a three-year rising support line, which “will decide the next big move.” The analyst warned that “If the trendline breaks with strong weekly closes below $1,900, the structure weakens.”
Therefore, ETH must hold its current levels in the coming days to avoid a weekly close below this level. Otherwise, its price could drop “into the next liquidity pockets around $1,600 and possibly $1,300, where the next historical support zones exist.”
Is ETH’s ‘Real’ Bull Market Two Years Away?
A trader shared a potential macro-outlook for Ethereum that suggests the cryptocurrency could still see another major shakeout.
My thesis is that the major bullish move that began around 2019–2020 has transitioned into a large and prolonged macro correction, and that Ethereum has been consolidating within this broader corrective structure ever since.
He outlined four phases for the macro structure: the pump, the correction, the shakeout, and the moon. The initial phase, which occurred between 2019 and 2021, marked “the true impulsive bullish move,” with strong trend expansion and increasing momentum.
According to the market observer, the strong rally that followed the 2022 bear market appears to be a “counter-trend move within a broader corrective range” rather than a renewed bull market and the start of a new long-term cycle.
As he explained, ETH’s range-bound behavior signals distribution and consolidation instead of continuation. “From this perspective, the apparent bull market that developed within the correction can be interpreted as a dead cat bounce, a technically strong bounce occurring inside a larger corrective structure,” he affirmed.
Therefore, the current macro structure would suggest that a final shakeout phase could “still be required to fully reset sentiment and liquidity before Ethereum can transition into a new impulsive bullish cycle.
Based on this, the trader anticipated a final liquidity-driven move to the downside in the coming months, followed by “the moon” phase, potentially next year, when “the structure suggests the conditions for a true long-term bullish continuation, with price discovery and expansion well beyond previous highs.”
#CPIWatch
❕ US spot BTC ETFs had their 2nd-worst week on record, shedding $1.79B in the week ending June 26 This brings the streak of net weekly outflows to seven weeks.
❕ US spot BTC ETFs had their 2nd-worst week on record, shedding $1.79B in the week ending June 26

This brings the streak of net weekly outflows to seven weeks.
🚨 UPDATE: Bitcoin is heading for an 18.5% drop in June, its worst June since 2022. Will July break the pattern? 👇
🚨 UPDATE: Bitcoin is heading for an 18.5% drop in June, its worst June since 2022.

Will July break the pattern? 👇
BTC Liquidation Heatmap Update Current Price: $59,880 High-density liquidation zones: $61.0K–$61.4K → approx. $5.8B–$6.0B $63.3K–$63.5K → approx. $4.5B–$4.7B $62.0K–$62.3K → approx. $4.0B–$4.3B $58.0K–$58.3K → approx. $3.8B–$4.1B The first strong magnet zone is around $61K, while the main upper liquidity area sits in the $66.3K–$67.5K range.
BTC Liquidation Heatmap Update

Current Price: $59,880

High-density liquidation zones:

$61.0K–$61.4K → approx. $5.8B–$6.0B
$63.3K–$63.5K → approx. $4.5B–$4.7B
$62.0K–$62.3K → approx. $4.0B–$4.3B
$58.0K–$58.3K → approx. $3.8B–$4.1B
The first strong magnet zone is around $61K, while the main upper liquidity area sits in the $66.3K–$67.5K range.
Spot $BTC ETFs recorded a record $1.8B in outflows over the past week. Since the beginning of May, total outflows have reached nearly $7.86B, according to SoSoValue.
Spot $BTC ETFs recorded a record $1.8B in outflows over the past week. Since the beginning of May, total outflows have reached nearly $7.86B, according to SoSoValue.
Verified
🚨 NEW: $HYPER Foundation is providing roughly $10M in grants to help builders offset costs from the USDH sunset as they migrate to $USDC by the end of July.
🚨 NEW: $HYPER Foundation is providing roughly $10M in grants to help builders offset costs from the USDH sunset as they migrate to $USDC by the end of July.
Partly True
Here are the current 2030 revenue estimates for companies capitalizing on compute capacity as the AI overflow layer • $CRWV ~$66.9B revenue w/ 68% EBITDA margins • $NBIS ~$39.7B revenue w/ 90% EBITDA margins • $IREN ~$10.9B revenue w/ 74% EBITDA margins • $WULF ~$4.3B revenue w/ 70% EBITDA margins • $DOCN ~$3.1B revenue w/ 63% EBITDA margins • $CIFR ~$1.5B revenue w/ 31% EBITDA margins • $APLD ~$521M revenue w/ 48% EBITDA margins
Here are the current 2030 revenue estimates for companies capitalizing on compute capacity as the AI overflow layer

• $CRWV ~$66.9B revenue w/ 68% EBITDA margins
• $NBIS ~$39.7B revenue w/ 90% EBITDA margins
• $IREN ~$10.9B revenue w/ 74% EBITDA margins
• $WULF ~$4.3B revenue w/ 70% EBITDA margins
• $DOCN ~$3.1B revenue w/ 63% EBITDA margins
• $CIFR ~$1.5B revenue w/ 31% EBITDA margins
• $APLD ~$521M revenue w/ 48% EBITDA margins
IRENonAlpha
CRWVUS+2.34%
IRENUS+4.55%
The Crypto Fear and Greed index has traded around the "extreme fear" levels for many weeks already during this down trend. Back in the day, you could pretty blindly buy $BTC the moment this hit extreme fear levels and you'd be up within weeks usually. Nowadays, this metric is pretty outdated and is more so lagging price (as do most indicators/metrics). I still like to come back to watch it from time to time.
The Crypto Fear and Greed index has traded around the "extreme fear" levels for many weeks already during this down trend.

Back in the day, you could pretty blindly buy $BTC the moment this hit extreme fear levels and you'd be up within weeks usually.

Nowadays, this metric is pretty outdated and is more so lagging price (as do most indicators/metrics).

I still like to come back to watch it from time to time.
THE LOG SCALE CHART IS TELLING AN UNCOMFORTABLE TRUTH. From a pure cycle perspective bitcoin does not look close to a bottom. Every single major cycle in history has touched realized price. Without exception. The bottom was never confirmed until that level was reached. Right now we haven't touched it. Two possibilities exist. Either price drops to meet realized price creating the most asymmetric risk reward opportunity of this entire cycle. Or this time is genuinely different. ETFs. Institutions. Corporate treasuries. Sovereign adoption. Maybe the floor has been raised permanently. Maybe. But betting against a pattern that has never failed in Bitcoin's entire history is a bold position to hold. The chart doesn't care about narratives. It just shows what has always happened.
THE LOG SCALE CHART IS TELLING AN UNCOMFORTABLE TRUTH.

From a pure cycle perspective bitcoin does not look close to a bottom.

Every single major cycle in history has touched realized price. Without exception.

The bottom was never confirmed until that level was reached.
Right now we haven't touched it.

Two possibilities exist.
Either price drops to meet realized price creating the most asymmetric risk reward opportunity of this entire cycle.

Or this time is genuinely different.

ETFs. Institutions. Corporate treasuries. Sovereign adoption.

Maybe the floor has been raised permanently.
Maybe.

But betting against a pattern that has never failed in Bitcoin's entire history is a bold position to hold.

The chart doesn't care about narratives.

It just shows what has always happened.
ONE OF CHINA'S BEST-KNOWN $BTC MINERS PREDICTS THE NEXT BEAR MARKET BOTTOM AT $42,000–$44,000. WILD TIMES AHEAD.
ONE OF CHINA'S BEST-KNOWN $BTC MINERS PREDICTS THE NEXT BEAR MARKET BOTTOM AT $42,000–$44,000.

WILD TIMES AHEAD.
$BTC has reclaimed the $59,000-$59,500 support zone after briefly losing it yesterday. That's a positive start. But I don't think it changes much just yet. The failed reclaim around $61,000 is still the level that matters. As long as Bitcoin stays below that area, I'd be cautious. If buyers can hold $59,000-$59,500, there's still a chance we see another push higher. But if this support fails again, I think the market starts looking lower pretty quickly. For now, Bitcoin has done the minimum. Now it needs to prove it can build on this reclaim rather than turning it into another failed bounce.
$BTC has reclaimed the $59,000-$59,500 support zone after briefly losing it yesterday.

That's a positive start.

But I don't think it changes much just yet.

The failed reclaim around $61,000 is still the level that matters.

As long as Bitcoin stays below that area, I'd be cautious.

If buyers can hold $59,000-$59,500, there's still a chance we see another push higher.

But if this support fails again, I think the market starts looking lower pretty quickly.

For now, Bitcoin has done the minimum.

Now it needs to prove it can build on this reclaim rather than turning it into another failed bounce.
Verified
ETHEREUM TREASURY GIANT SHARPLINK RETURNS TO BUYING AFTER AN 8-MONTH HIATUS Ethereum treasury company SharpLink Gaming has resumed accumulating ETH, adding 5,000 ETH ($7.85 million) after an eight-month pause. The purchase lifts its holdings to 876,000 ETH worth $1.37 BILLION, making it one of the largest corporate Ethereum holders. Despite sitting on an unrealized loss of nearly $1.8 BILLION (-56%), the company is back in accumulation mode.
ETHEREUM TREASURY GIANT SHARPLINK RETURNS TO BUYING AFTER AN 8-MONTH HIATUS

Ethereum treasury company SharpLink Gaming has resumed accumulating ETH, adding 5,000 ETH ($7.85 million) after an eight-month pause.

The purchase lifts its holdings to 876,000 ETH worth $1.37 BILLION, making it one of the largest corporate Ethereum holders.

Despite sitting on an unrealized loss of nearly $1.8 BILLION (-56%), the company is back in accumulation mode.
🚨BULLISH: NEARLY 80% OF ALL BITCOIN SUPPLY IS NOW WITH LONG-TERM HOLDERS A record 79% of Bitcoin's circulating supply is now held by long-term holders, underscoring persistent accumulation and an increasingly illiquid market.
🚨BULLISH: NEARLY 80% OF ALL BITCOIN SUPPLY IS NOW WITH LONG-TERM HOLDERS

A record 79% of Bitcoin's circulating supply is now held by long-term holders, underscoring persistent accumulation and an increasingly illiquid market.
A well-known early Bitcoin miner believes $BTC could still fall another 30% from here. His reasoning? He says Strategy's premium has fallen to levels that have historically coincided with previous Bitcoin cycle lows. One of the most bearish institutional Bitcoin calls we've seen this year. Do you agree?
A well-known early Bitcoin miner believes $BTC could still fall another 30% from here.

His reasoning?

He says Strategy's premium has fallen to levels that have historically coincided with previous Bitcoin cycle lows.

One of the most bearish institutional Bitcoin calls we've seen this year.

Do you agree?
BTC+0.14%
MSTRUS+5.53%
$BTC SINCE APRIL 2025: -27% NASDAQ INDEX SINCE APRIL 2025: +70% THE CORRELATION IS DEAD.
$BTC SINCE APRIL 2025: -27%

NASDAQ INDEX SINCE APRIL 2025: +70%

THE CORRELATION IS DEAD.
BTC+0.14%
QQQETF+1.14%
JUST IN: $326 billion asset manager Ric Edelman says 95% of the institutions that don't own Bitcoin & crypto are "going to allocate this year for the first time." "A lot of folks are looking at the Clarity Act as the key pivot point. If this gets passed into law, then that will largely be seen by many as the bottom."
JUST IN: $326 billion asset manager Ric Edelman says 95% of the institutions that don't own Bitcoin & crypto are "going to allocate this year for the first time."

"A lot of folks are looking at the Clarity Act as the key pivot point. If this gets passed into law, then that will largely be seen by many as the bottom."
🚨ETH WHALE RETURNS AFTER 7 YEARS TO DUMP After staying silent for 7 years, an ETH whale is finally cashing out. The whale has already sold 4,654 $ETH for nearly $7.9M in USDS after originally buying 27,586 ETH for $5.72M. It still has 22,932 ETH left, with more ETH already approved for sale through CoW Swap.
🚨ETH WHALE RETURNS AFTER 7 YEARS TO DUMP

After staying silent for 7 years, an ETH whale is finally cashing out.

The whale has already sold 4,654 $ETH for nearly $7.9M in USDS after originally buying 27,586 ETH for $5.72M.

It still has 22,932 ETH left, with more ETH already approved for sale through CoW Swap.
$60,000 MAY HAVE BEEN THE CYCLE BOTTOM. Several analysts believe the worst of the correction is behind us, with Bitcoin recovering strongly and long-term trend indicators remaining intact. If this structure holds, the bear market phase could already be over, setting the stage for the next leg higher. Do you think $60K marked the ultimate bottom for this cycle?
$60,000 MAY HAVE BEEN THE CYCLE BOTTOM.

Several analysts believe the worst of the correction is behind us, with Bitcoin recovering strongly and long-term trend indicators remaining intact.

If this structure holds, the bear market phase could already be over, setting the stage for the next leg higher.

Do you think $60K marked the ultimate bottom for this cycle?
Bitcoin may be following Gold’s 1970s playbook almost perfectly. $XAU exploded after breaking out in 1972. Then crashed nearly 50% before the real parabolic move began. $BTC is printing a very similar structure. What looked like the “end” for Gold was actually the reset before the most explosive phase of the cycle. I do think Bitcoin will drop a little bit lower first.
Bitcoin may be following Gold’s 1970s playbook almost perfectly.

$XAU exploded after breaking out in 1972.

Then crashed nearly 50% before the real parabolic move began.

$BTC is printing a very similar structure.

What looked like the “end” for Gold was actually the reset before the most explosive phase of the cycle.

I do think Bitcoin will drop a little bit lower first.
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