The Dow Jones closed up 370 points, while the S&P 500 gained 0.77%. The swift recovery in equities appeared to ease the risk-reduction pressure seen across crypto markets. Bitcoin’s recent bleed slowed almost in tandem with the stock rebound. The timing does not look coincidental.

However, reclaiming $65,000 does not fully reset the broader structure. Bitcoin is still trading roughly 49% below its all-time high. That distance continues to frame sentiment.

Why Is $60,000 So Important?

Market participants remain focused on the $60,000 level. In recent weeks, this zone has acted as a defensive line. A sustained move below it could open the door toward the lower $50,000 range.

Meanwhile, on-chain data revealed a subtle but notable move. According to Material Indicators, a “mega whale” executed a $4.5 million spot purchase. The figure is not massive on its own, yet it stands meaningfully above the typical $1–2 million market orders usually seen from that class.

Such orders are often placed directly into liquidity, rather than passively waiting in the book. Alone, it does not confirm a reversal. Still, it signals that defensive positioning may be active.

#BTC

Bitcoin has Weekly Closed below the 200-week EMA (black)

This technically means that the EMA has been lost as support and that price could turn it into resistance on any upcoming recovery

Historically across cycles, whenever Bitcoin performed a Weekly Close below the… https://t.co/ayxd81la0h pic.twitter.com/vMFUAvsTBM

— Rekt Capital (@rektcapital) February 23, 2026

Deeply Oversold Conditions

BTC weekly RSI dropped to 25.71, levels last seen during the severe bear phase of mid-2022. Historically, RSI readings below 28 have coincided with periods where the market searched for a bottom.

Galaxy Research described the current structure as nearing “all-time oversold territory,” rarely seen outside the darkest bear markets.

At the same time, price is trading within roughly 9% of its 200-week exponential moving average. In prior cycles, this level marked areas where bottoming processes began. Yet these reference levels do not guarantee identical outcomes.

Some analysts remain cautious. A confirmed daily close below the 200 EMA could turn that level into resistance during any recovery attempt, potentially accelerating downside pressure rather than easing it.

A Bottoming Process May Take Time

The broader market narrative suggests that a true bottom, if forming, may require time. Bitcoin analyst Brian Brookshire points to the importance of profit-loss supply equilibrium and price interaction with mining cost levels as structural markers of stabilization.

On the macro side, U.S. Federal Reserve policy expectations remain relevant. Potential rate cuts—whether under current leadership or future administration—could reintroduce liquidity into risk assets. Bitcoin has historically reacted early to such shifts, though timing remains uncertain.

For now, reclaiming $65,000 offers psychological relief. Yet $60,000 remains the structural pivot. The market appears to have paused its decline, but confirmation of direction likely requires further time and validation.

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The post Bitcoin Reclaims $65K — Is $60K the Real Line in the Sand? appeared first on Coin Engineer.

Toward the U.S. market close, BTC first dropped 4.8% to around $60,033. The selling failed to deepen. Buyers stepped in. Price quickly climbed to $65,926.

The move came just one day after Thursday’s 13% plunge, Bitcoin’s steepest daily loss since November 2022.

$700 Million in Liquidations Rocked the Market

According to CoinGlass data, roughly $700 million in leveraged crypto positions were wiped out in just the last four hours.

Of that total:

• $530 million came from long positions

• $170 million from shorts

The mix shows traders were hit hard on the way down — then caught on the wrong side again during the rebound. In other words, market direction was driven less by conviction and more by aggressive leverage.

The $60,000 level acted as a psychological floor traders had been watching for weeks. Spot buyers stepped in around that zone, igniting the bounce.

Damien Loh, Chief Investment Officer at Ericsenz Capital, said the area signals strong technical support, but warned that overall market sentiment remains fragile.

Altcoins Followed — Solana Recovered Losses Within Hours

Bitcoin’s turbulence spread across the broader crypto market.

Solana, for example, fell as much as 14% intraday, only to erase those losses within hours. The rapid reversal highlighted how quickly risk appetite can shift when liquidity tightens.

Since October’s liquidation cascades, crypto markets have already been unstable. The latest drop intensified as global markets turned risk-off. Investors dumped speculative assets — and crypto was pulled into the same current.

Strategy Reports $12.4 Billion Quarterly Loss

Bitcoin’s pullback is now showing up on corporate balance sheets.

Michael Saylor–led Strategy said Thursday it posted a $12.4 billion net loss for Q4, driven by markdowns on its Bitcoin holdings.

Price volatility is no longer hitting just traders. It’s landing directly on institutions.

Fear Index Falls to 9: “Extreme Fear” Territory

Despite the rebound, psychology remains under pressure.

The Crypto Fear & Greed Index dropped to 9, flashing “extreme fear.” The index stood at 12 a day earlier, 16 last week, and 42 last month — a sharp slide that shows how quickly investors shifted from cautious to defensive.

The index blends volatility, volume, momentum, social media activity, Bitcoin dominance, and Google Trends data. It’s designed to measure sentiment, not predict price.

Right now, the signal is clear: the market is operating in “sell first, think later” mode.

Does Extreme Fear Signal a Bottom?

In past cycles, extreme fear often aligned with local bottoms, largely because panic flushes out leveraged traders and short-term speculators.

But it’s not a rule.

The index should be read as a snapshot of stress, not a timing tool.

While Bitcoin rebounded from near $60,000 to $65,000, current data suggests the market is still being driven by leverage rather than conviction — pointing to elevated volatility in the days ahead.

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Toncoin’s official website promoted a campaign promising investors a 10-year UAE Golden Visa by investing $100,000 worth of TON and paying a $35,000 processing fee. However, this announcement quickly collapsed after statements from three major UAE regulators. 

UAE Authorities: “No Official Connection” 

The Federal Authority for Identity and Citizenship (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) issued a joint statement declaring that this campaign has no official backing. VARA specifically stated that Toncoin is unregulated and emphasized that the visa system is unrelated to digital assets. 

ICP further explained that the Golden Visa program only targets contributions in specific fields. Digital asset investments do not fall within this scope, unlike areas such as science, entrepreneurship, real estate investment, and humanitarian work. 

Meanwhile, Binance founder Changpeng Zhao (CZ) responded to the situation. On social media platform X, he pointed out contradictions in the Ton Foundation’s statements and questioned why no official government endorsement was released. 

I am a supporter of Durov, especially given his current situation.

But I like to "trust but verify".

I'd expect something like this to have a government partnership, and announcement.

It might still be true, just saying I haven't been able to verify.

— CZ BNB (@cz_binance) July 6, 2025

Investor Confidence Shaken: Toncoin Experiences Sharp Pullback 

Toncoin’s price fell from $3.03 to $2.84 on July 7 due to selling pressure. This drop wiped out the 12% gain from the previous day. According to Binance data, TON is currently trading near $2.80. 

Investors have quickly lost confidence in the campaign. Telegram CEO Pavel Durov’s reposting of the campaign raised expectations, but no official statement has come from him. Meanwhile, the Emirates News Agency (WAM) warned the public against unofficial programs and emphasized the importance of relying solely on official sources. 

Experts say such marketing campaigns risk misleading investors and call for greater transparency and regulatory compliance in crypto projects. 

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The post Golden Visa Promise Spurs Rise, UAE Denies: Market Reacts! appeared first on Coin Engineer.

New Breakouts Signal Potential Upside

BTC has broken through the previously mentioned resistance zone of $106,622 – $105,725, continuing its upward move. This breakout reflects strong buying momentum and could lead to further gains.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The next resistance lies at $108,791. A strong, high-volume breakout above this level could push Bitcoin into a new leg of bullish movement, possibly testing new local highs.

Rejection Risk Still Exists

However, a rejection from this zone may indicate a temporary pause or retracement. Since $108,791 is a technically strong resistance, cautious risk management is advised for traders at these levels.

In terms of support, the previously broken resistance now becomes the new watch zone: the $106,622 – $105,725 area will likely act as support in the event of a pullback.

Close Monitoring Is Key

Tracking these levels closely is crucial for both short-term trading setups and longer-term positioning. With volatility increasing, a disciplined strategy remains the best defense.

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Downtrend Broken, Target Reached

In previous analyses, we mentioned the importance of the $0.57 support level for FET. The token bounced from this level and successfully broke through its descending trend line. This rally has now reached the short-term target of $0.70, indicating strength in price action.

This breakout suggests that bulls have regained control, opening the door for further upside in the short term.

$0.70 Resistance Now in Focus

With the $0.70 level now being tested as resistance, the next technical target could be $0.75 or higher — provided there’s a solid breakout backed by volume. Continued buying pressure could strengthen market confidence and support further gains.

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Still, traders should be cautious of potential rejections at key resistance points, which may lead to temporary corrections.

Support Range Between $0.65 and $0.61

On the downside, the closest support range lies between $0.65 and $0.61. Holding above this range is crucial for sustaining bullish momentum. If FET can consolidate here, it may offer new entry points for investors seeking exposure to this trend.

As always, monitoring price reaction at support and resistance zones is key for informed decision-making.

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The post FET Price Analysis: Uptrend Confirmed, Next Target in Sight appeared first on Coin Engineer.

A Critical Day for Bitcoin and Ethereum Options 

According to Deribit exchange data, approximately 27,959 Bitcoin options contracts are reaching expiration today. The total nominal value of these contracts is around $2.9 billion. Another notable data point is Bitcoin’s max pain level set at $106,500, which represents the price point where option holders experience the greatest loss. 

Looking at the put-to-call ratio, Bitcoin stands at 0.91, indicating that investors still lean towards a bullish market sentiment. While some traders hold bearish positions, confidence in a price increase remains stronger. 

Put Options Dominate Ethereum 

On the other hand, the situation is different for Ethereum. Today, 246,849 Ethereum options contracts are expiring with a total nominal value of approximately $617.6 million. The max pain point for Ethereum is set at $2,650. Ethereum’s put-to-call ratio has reached a significant 1.14, showing that put options are more favored than calls, and investors are seeking greater protection against downside risks. 

Geopolitical Developments and Increased Volatility 

The timing of these option expirations is not coincidental. The Israel-Iran tensions in the Middle East have shaken investor confidence. Notably, implied volatility for Ethereum has shown a marked increase, suggesting potential sharp price movements in the coming days. Meanwhile, Bitcoin’s volatility remains relatively stable, implying a more steady short-term outlook for BTC.

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Breakout Fades, Profit-Taking Recommended

Ethereum did manage to breach a key resistance zone but has since fallen back, raising concerns of a re-entry into the previously broken range. For traders holding long positions, this could be a good opportunity to take profits and reduce exposure.

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With market uncertainty growing, the sustainability of the recent breakout is now in question. All eyes are on the next key level.

$2,650 Support Is Crucial — $2,500 Next If Lost

The $2,650 level remains a vital support zone for Ethereum. If this level fails to hold, the decline could deepen toward the $2,500 mark.

Traders should closely monitor daily closing candles and volume dynamics. A high-volume sell-off could accelerate the correction. Conversely, a strong bounce and stability above $2,850 would be needed to resume the bullish outlook.

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The post Ethereum Retreats After Resistance Break: Support in Focus Again appeared first on Coin Engineer.

As we noted in our previous analysis, losing the $21.29 support increased the short-term downside risk. Although AVAX briefly reclaimed this level, the recovery has not shown strong follow-through yet.

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Key Technical Levels:

• Support: $21.29
• Major support: $19.35
• Resistance zone: $21.88 – $22.17

If AVAX fails to hold above $21.29 again, a retest of the $19.35 zone remains on the table. This area previously served as a buying zone and could provide a potential base.

Conversely, a clear breakout above the $21.88–$22.17 resistance could lead to a renewed move toward the ascending trendline, signaling a potential bullish shift in the short term.

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The post AVAX Struggles Around Key Support: Price Looks for Direction appeared first on Coin Engineer.

Court Ruling in Mango Markets Case 

U.S. District Judge Arun Subramanian overturned fraud and market manipulation convictions against Avraham Eisenberg, accused of a $110 million fraud in Mango Markets. The court ruled there was insufficient evidence that Eisenberg made serious misrepresentations to the platform. This weakens the government’s case and acquits Eisenberg of one charge. Eisenberg had inflated the MNGO token price by over 1300% in a short time and used those gains as collateral to withdraw $110 million from Mango Markets. 

Record Inflows into Bitcoin ETFs 

U.S.-based spot Bitcoin ETFs recorded a total inflow of $2.75 billion this week, about 4.5 times the $608 million inflow the previous week, according to Farside data. BlackRock’s IBIT fund notably saw $430.8 million daily inflows for eight consecutive days. In contrast, Grayscale’s GBTC fund experienced outflows of $89.2 million, and ARK 21Shares’ ARKB fund saw $73.9 million withdrawn. 

Trump’s Crypto Dinner Under Investigation 

Thirty-five members of the U.S. House of Representatives sent a letter on May 22 to the Department of Justice requesting an investigation into Trump’s memecoin investors dinner. They asked Edward Sullivan to probe whether the event violated federal bribery laws or the U.S. Constitution’s “Foreign Emoluments Clause.” 

Most attendees were reportedly foreign nationals linked to crypto exchanges, according to Bloomberg. The letter stated: 

“U.S. law prohibits foreign persons from contributing to U.S. political campaigns. However, the $TRUMP memecoin, including the promotion of a dinner promising special access to the president, opens the door for foreign governments to buy influence with the president without disclosing their identities.” 

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The post What Happened in the Crypto Market? Key Developments appeared first on Coin Engineer.

Cetus Protocol Breach Pressures SUI: $4.01 Support In Jeopardy

Following the news of the security breach, SUI witnessed sharp selling pressure and is currently attempting to hold above the crucial $4.01 support. Analysts warn that if this level is lost on a 4-hour close, the price may retreat further to the $3.83 support.

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Increased trading volume in recent hours signals that this level is under heavy scrutiny. A confirmed breakdown could open the door to further downside pressure.

Recovery Scenario: Targeting A Move Toward $4.20

Still, if $4.01 holds and buyers regain control, a short-term rebound is possible. In such a case, a recovery move toward $4.20 is likely. Technical indicators suggest an increased probability of testing this level again if support remains intact.

The coming hours could prove pivotal for SUI, as traders await confirmation of either a breakdown or a bounce from support.

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