The Deribit GEX Heatmap shows strong positive gamma positioning around the low-$60K area.

This means dealer hedging is helping to stabilize price and reduce volatility. The options market is no longer positioned for an aggressive downside move.

While it doesn't guarantee a reversal, it suggests consolidation and calmer price action are more likely than another wave of panic selling.

SKL moved as anticipated, and the short positions have yielded over 27% profit since entry. The price is again approaching the resistance area, so let's observe the price action there.

#BTC has reached the resistance area, but the price was rejected on the first attempt. There is still positivity in the market, and we expect another test of this zone.

Bitcoin's weakness is being driven by higher real interest rates, not broader market fear.

U.S. 10-year real yields have risen to around 2.4%.

The U.S. dollar remains strong.

Meanwhile, stocks are near highs, credit markets are stable, and volatility remains low.

The pressure on BTC is currently a macro and liquidity issue, rather than a traditional risk-off environment.

#BTC.D broke the triangle pattern upwards, which is bad for altcoins. We may see some bleeding in altcoins, so let's observe their movement.

#BTC finally tapped into the resistance area and saw a strong rejection. The price has once again moved into the middle of the large range; a bearish bias can continue, with a drop likely to persist until the support area around $58,200 - $59,550.

US spot ETF trading volume also remains subdued. The 30-day SMA is holding between $650M and $950M per day, roughly 80% below the $4.4B peak in October 2025.

Combined with ongoing ETF outflows, this suggests institutional demand remains weak and has yet to recover.

#BITCOIN DAILY TF UPDATE:

#BITCOIN on the daily time frame, following a small channel pattern, has moved near the highs. The price is still consolidating near this level and could move lower again to the support area.

Bitcoin's pressure this quarter has been a real-rate story, not a risk-off one. Ten-year real yields have climbed to a 2026 high near 2.4%, and the dollar has held above its 200-day average since May. Yet nothing in the broader risk complex is flashing stress: equities sit close to their highs, credit spreads are near their tights, and volatility is subdued.

#BTC WEEKLY TF UPDATE:

#BTC closed the week indecisively. This week, we saw a retest and encountered the drawn resistance again. It is currently going through consolidation, and we need to see a breakout sooner either above $66,000 or $61,500.

#BTC trading above #RealizedPrice — the natural bear market floor — but below #STH cost basis near $69K, the average entry of the past five months of buyers 📉🔴. Recovery climbing toward that breakeven level which represents the next key overhead #Resistance 💪.

First test of $69K likely to draw a strong reaction — holders approaching breakeven are most inclined to sell. A convincing reclaim gives recovery room to run while rejection keeps the range firmly intact ⚡️🎯👀

#BTC attempted to break the area again, and rejected again too. Price still holding the internal bullish structure and need to see a flip of the area too. Weekly close is very indecisive and need this week also for the closing too.

#DXY broke the long uptrend channel pattern, invalidating both channels. The index remains below the major resistance and support areas, and the market is not very clear.

Strategy (MSTR) has raised $263.5 million by selling shares but chose not to buy any Bitcoin this time. Its cash reserves have now grown to more than $3.2 billion.

Adjusted #LTH Realized Loss set its cycle peak two weeks ago and has now turned down — the single most important development in the current bottoming process 📉🔴. For the first time this cycle, the metric defining bear market depth is falling rather than rising 💪.

One turn does not prove exhaustion and a fresh shock could restart it — but at the margin, the sellers who made this bear market are beginning to run out of supply to sell ⚡️🎯👀

#US30 UPDATE:

#US30 reached another all-time high and then dropped. The price is switching from bullish to bearish, but the trend looks super bullish, so it might be a liquidity hunt in the zone around 51,700.

#BTC broke above major resistance, but the daily close is still pending. A strong close could lead to a significant upward move in the market. It looks like an Inverse Head & Shoulders pattern is forming; if confirmed, we could move higher from here.

#BTC had a good and healthy close above it and is now retracing back to the zone. Looking at the price action, it is building liquidity to the downside, so we can expect some sort of news to come up that will suck the dollars resting below.

#GOLD dropped all the way back to our entry point but failed to tap into the support zone, rallying higher. Now it's back near the resistance area and is in consolidation, so we can trade this range until a breakout occurs.

Nothing much happened with #BTC, just shallow downward moves. Price needs to settle on either side with a higher time frame closing (weekly candle).

#SNX had a breakout, but it wasn't clean, and the price formed a consolidation above the same level. The price now needs to show a breakout from the marked zone (grey box) so that a trade can be initiated in that direction.