$LUNC continues to trade sideways below the 8200 level, which I've been highlighting repeatedly. We could consider a positive move if it breaks above this level. It's currently moving within the white shaded line.
Five Shutdowns, One Message: Crypto Is Cleansing Itself
Last week brought five major shutdown announcements: onchain card platform
Fantasy .top, cross-chain protocol Everclear, Zerion's L2 ZERO Network, a16z-backed Syndicate Labs, and Bitcoin Depot, once North America's largest BTC ATM operator. Different layers, different models — but one reading ties them together: the sector is shedding excess.
At first glance this looks bearish. A closer look says otherwise. The projects closing are exactly the ones weighing on those still standing.
Fantasy .top never found product-market fit; its co-founder said the TCG model "was never built for crypto." Everclear hit $500M monthly volume but couldn't convert it to revenue. ZERO was wound down so Zerion could refocus on its core product. Syndicate Labs withdrew as Base and Arbitrum consolidated the market and demand for reusable rollup infrastructure collapsed. Bitcoin Depot filed for bankruptcy under regulatory and fraud pressure.
None are simple "bear market casualties." All are projects reaching the natural end of the 2021-2022 funding cycle, in categories where demand has consolidated around a few leaders. What's being cleansed isn't altcoin price inflation — it's capacity and funding excess.
Bull markets have always followed cleanups like this. The post-ICO purge of 2018-2019 birthed DeFi. The ground cleared after FTX and Terra set up the 2024 spot ETF wave. The current shakeout is removing dead weight before the next leg up.
The headlines miss the point: the market isn't weakening because these projects are closing — they're closing because the market wasn't willing to carry them. Liquidity and attention are flowing toward what deserves to survive.
Expect more shutdowns in the coming 6-12 months. Read this list not as a grim picture but as a sector disciplining itself. As weak links fall, strong ones emerge stronger.
Crypto markets entered the holiday period with a blood-red weekend.
There isn’t a single major negative headline right now, but as I mentioned before, several key factors are creating pressure at the same time:
• The fading impact of the Clarity Act expectations is one of the biggest factors • Trump’s harsh statements toward Iran, such as “the clock is ticking, if they don’t move fast there will be nothing left,” hurt market sentiment • General macro uncertainty continues, driven by interest rate expectations and movements in bond yields • The latest rise in U.S. inflation expectations to 4.8% has reopened the debate around Bitcoin’s “digital gold” narrative • ETF outflows are also increasing pressure on the market
Right now, the picture looks more like a combination of: “macro pressure + ETF outflows + leverage cleanup.”
In this environment, heavily leveraged long positions faced major liquidations. Around $500–600 million in long liquidations occurred over the last 24 hours, with most of them concentrated in $BTC and $ETH
$BTC is heading towards a significant support level. If the 76,000 level is broken, the path to a downward move towards 74,000 is open. There is still a long way to go for my lower targets... #bitcoin
The Head and Shoulders (H&S) pattern I drew your attention to 6-7 months ago on $BTC continues to work flawlessly. The first target is 57039, and the range of movement could extend to 50000, perhaps even 49600. Waiting for the 57039-50000 range to buy spot could be a good strategy.
$LUNA 2.0 este cel mai rezistent dintre monedele Terra în timpul corecțiilor, menținându-se deasupra liniei de suport a tendinței până acum. LUNC și Ustc, pe de altă parte, par în prezent să fie complet opuse față de Luna 2.0 în graficele lor.
$XRP continues to trade horizontally between two dashed turquoise lines, at 1.52 above and 1.28 below, as I've mentioned before. Nothing has changed. It provides good opportunities for short and long positions.
$LUNC continuă să tranzacționeze sub linia de trend pe care am indicat-o cu săgeți; pentru o mișcare în sus, trebuie să spargă această presiune. Atâta timp cât rămâne sub nivelul de 8200, atenția sa va fi pe nivelul de 5045.
If $LUNC wants to resume its upward trend, it must rise above the 8200 level; otherwise, the decline will extend to the 5045 level. The downward pressure trend level, which I have indicated with arrows at the top, is reinforcing the negative trend. #lunc
$BTC has finally broken through the support line that previously prevented its decline twice. It is currently at 76600, and a drop extending to 69000 should be considered normal.
For-Exx Kripto
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Bearish
$BTC is retesting the support line that previously prevented its decline twice; if the 78,000 level is broken, a drop extending to the 69,000 level may occur next week.
$BTC is retesting the support line that previously prevented its decline twice; if the 78,000 level is broken, a drop extending to the 69,000 level may occur next week.
Pentru a lua în considerare achiziția pe piața spot, cred că ar trebui să așteptăm până când nivelul $LUNC este 5045... Dacă apare o surpriză și depășește 8200 pe graficul zilnic și se închide deasupra acestui nivel pe graficul zilnic, acel nivel ar putea fi un alt semnal de cumpărare...
$BTC 79000 ✅ As we predicted, it retested the support line. It's been pleasing lately in terms of short and long positions for #bitcoin . Let's see where it closes the day?
For-Exx Kripto
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The 79000-79150 support level in Bitcoin has worked well twice, and it looks like it will attempt a third time. Let's see if there will be a reaction from there again. It's become a good playing field for short and long positions. $BTC
The 79000-79150 support level in Bitcoin has worked well twice, and it looks like it will attempt a third time. Let's see if there will be a reaction from there again. It's become a good playing field for short and long positions. $BTC
$LUNC nu a reușit să își mențină momentum-ul ascendent peste 10.000 și a căzut sub nivelul de suport de 8200, pe care îl consider important. Nivelul de 5045 ar putea intra în joc. Ar fi bine dacă ar sparge peste 8200.
Chiar și când $LUNC a fost peste 10,000, am atras constant atenția asupra nivelului de 8,200. În prezent, se desfășoară o luptă între cumpărători și vânzători la acel nivel. Nu a fost o închidere zilnică peste 10,000 de trei zile, iar presiunea de vânzare s-a intensificat. Acum încearcă să se mențină la 8,200. Dacă se închide sub 8,200 pe graficul zilnic, ar putea să cadă la 5,045. Dacă reușește să se mențină, se va întoarce la nivelul de 10,000. Mișcările de astăzi și de mâine, precum și demonstrația de forță între cumpărători și vânzători, sunt importante.
Interesant, Bitcoin a experimentat întotdeauna scăderi semnificative în trecut după schimbările în conducerea Rezervei Federale. Aceste declinuri nu sunt declanșate doar de schimbarea președintelui Fed; alți factori au jucat de asemenea un rol de fiecare dată (2014: piață bearish prelungită, 2018: explozia bulei ICO + creșterea ratelor dobânzilor, 2022: prăbușirea FTX + creșteri agresive ale ratelor dobânzilor). Totuși, este un fapt istoric că Bitcoin suferă o corecție serioasă de 60-86% cu fiecare tranziție a noului președinte. Scăderea medie a fost de aproximativ 70-80%. De data aceasta, problema inflației și posibilitatea creșterii ratelor dobânzilor au apărut. Este istoria doar o repetare, sau are o rimă? $BTC
Although $LUNC appears weaker than in previous days, there's no problem as long as it holds above 8200. The 8200 level is the dividing line between positivity and negativity; above it is positive, below it is negative.
$XRP a atins din nou linia superioară a intervalului orizontal și este în prezent la 1.4635, ceea ce te face să te gândești că ar putea fi o oportunitate foarte bună de short cu un stop loss la 1.61.
$LUNC managed to climb back above the 10000 level, and although it's facing downward pressure, buyers are somehow managing to push it above 10000, which is leading to positive sentiment. If it closes above 10000 today, it will have closed above this important resistance level for two consecutive days.