Nothing changed with this view, despite Btc extending the bounce to 67k. Down we go

The weekly order flow finally flipped to net buying...first real buyers since the selloff started... SOPR's still at 0.984 though...they're still selling at a loss on chain... This is the demand I've been after all selloff... one green week though... Early days fam... bitcoin:native

To be honest, BTC has started acting up again. Negative funding rates indicate that the spot price is lower than the futures price, possibly because short sellers outnumber longs. This situation provides endless ammunition for rogue operators to trigger cascading liquidations of highly leveraged short positions. The liquidation heat map clearly shows this—6.4, 6.5, 6.6, 6.7—all were pushed up by liquidation cascades. The next liquidation zone is at 67,800; I suspect the rogue operators won’t let this opportunity slip. The next major liquidation level is at 75,000—far away. If it reaches there, this bear market is truly over. I’m staying in with low leverage because I firmly believe 60,000 is absolutely not the bottom! Bear markets are times of despair—but right now, market sentiment is euphoric, and many big players have switched to long positions. Such a nauseating market.

$IBIT Covered Call Setup (June 30 exp) 🍯 Closed yesterday at $37.74 (+4.7%). 🍯 Sweet spot*: $38 Call (~$0.90–$0.94 credit). 🍯 Breakeven: ~$38.98 🍯 ~68% chance of keeping premium + shares 🍯 Gives ~3% upside room inside the expected move 💸 Solid income (~2.5% in 14 days) while staying bullish on bitcoin:native /$IBIT. If assigned, effective sale ~$38.94. What’s your strike for this cycle? *Sweet spot based on price range the options market has priced in for a specific expiration date, subject to change if bitcoin:native rips before opening bell. #IBIT #Bitcoin #CoveredCall #OptionsTrading

$BTC 📈 They ignored the setup. They doubted the accumulation. But when the breakout comes, they’ll be chasing candles and calling it obvious. The market rewards conviction before it rewards consensus. #Bitcoin #BTC #Crypto #Breakout #FOMO #Trading #MarketCycles #PriceAction #CryptoMarket #Investing

Looking for $BTC longs around $65.3k today. Target would be $69k

BTC is undergoing a consolidation phase. Realized Capitalization (RC) has seen a net decrease of $14.8 billion over the past 30 days, down from a peak of $28.8 billion on February 18. As Bitcoin’s price falls back to the same level, the magnitude of RC’s net reduction has diminished—what key insights does this reveal? RC essentially measures the net inflow and outflow of funds based on cost basis. When coins move at prices below their acquisition cost, realized capitalization is adjusted downward; the red bars represent the net scale of realized losses. This phenomenon primarily reflects three factors: 1⃣ Overall cost basis has shifted lower; the deep capitulation in February forced a large volume of high-cost holders to sell at low prices. By the time the price returns to the same range, much of the supply capable of realizing losses has already been absorbed—hence, the net reduction becomes smaller. This is direct evidence of structural exhaustion in selling pressure. The most intuitive interpretation is the divergence between data patterns and price action. 2⃣ Marginal sellers are dwindling; fewer holders are willing to sell at this level. Those remaining either have lower cost bases and stronger conviction, or are locked-in positions with low liquidity and no immediate incentive to move. 3⃣ The smaller net reduction could also reflect reduced overall on-chain activity; fewer transactions mean less change in RC. To rule out this alternative explanation, we must compare with EA-TRV (Entity-Adjusted Total Transfer Volume). Data shows that in June, daily average BTC transfers were 101,000; in February, they were 136,000. While there has been a decline, it is not nearly as drastic. Thus, the primary drivers behind the significantly reduced net RC decrease at the same price level are factors 1 and 2: forced rotation during deep capitulation lowering the overall cost basis, and the exhaustion of marginal sellers. Of course, this serves more as supporting evidence of an ongoing consolidation phase rather than definitive confirmation that the bottom has been reached.

This chart is actually insane. Peace deal signed. Stocks ripping. SpaceX still climbing. Bitcoin back above $66K. But nobody is paying attention to Altcoins. They just printed a massive bullish crossover against BTC. TradingView: STRONG BUY. And the CLARITY Act hasn't even passed yet. Retail is still traumatized. And yet this chart looks like it's trying to leave the planet. Everyone is waiting for Bitcoin. This chart says Alt Season.

Halfway through June and LTC still holding key structure Patience pays in crypto Weak hands sell too early $LTC #Crypto