Bitcoin was rejected from the resistance area and was unable to hold the $60,000 support. Things are taking a negative turn, and BTC needs to reclaim the $60,000 level. Let's see how things go this week.

Round-Up: Last 24hs in Crypto

1. 🌈 MakerDAO rebrands to Sky; $DAI to function as before.

2. 🛑 TON goes offline again due to network congestion.

3. ⚡️ Story Protocol launches Iliad Testnet & time-limited NFT mint.

4. 🪂 Vitalik Buterin says crypto identity solutions can fix airdrops.

5. 💰 Space and Time raises $20M in Series A funding.

For the first time in a year, the 90-day change in stablecoin supply has turned positive, showing a rising trend in correlation with BTC, according to Glassnode.

🕷 𝐒𝐨𝐧𝐞𝐢𝐮𝐦 - 𝐒𝐨𝐧𝐲'𝐬 𝐋𝟐 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧 🕷

Sony's joint venture, Block Solutions Labs, launched an L2 that aims to empower builders and drive web3 adoption

Crazy opportunity to be early in what could be the next BIG thing in DeFi

🔻 Find out more:

https://x.com/Earndrop_io/status/1830584864464310674

JUST IN: The % of illiquid #Bitcoin supply has just hit a new all-time high!

Nearly 74% of $BTC circulating supply is now classified as illiquid, according to Glassnode data.

The Halving-induced supply shock is intensifying, tightening the squeeze as we approach the next major bull run.

The long-term holder (LTH) vs. short-term holder (STH) supply ratio is a key metric for investors. If you're a long-term investor, it's typically wise to follow the actions of LTHs, as they are less influenced by short-term market fluctuations.

According to Glassnode, the Bitcoin hash rate has skyrocketed to an all-time high of 811.52M TH/s. While this isn't necessarily a short-term price indicator, it does show that the Bitcoin network is becoming increasingly secure over time.

Round-Up: Last 24hs in Crypto

1. 🦄 Uniswap introduces Unichain, an Ethereum L2.

2. 📅 Mt. Gox extends repayment deadline by a year.

3. 👀 Zora $ZORA new 'claim' subdomain discovered.

4. 🪨 BlackRock $BLK assets hit record $11.5 Trillion.

5. 💰 Ithaca raises $20m in funding from Paradigm.

Net capital inflows into Bitcoin have surged by $21.8B (+3.3%) over the past 30 days, pushing the Realized Cap to a new all-time high of over $646B. This indicates rising liquidity in the asset class, with strong capital inflows backing the recent price increase.

Round-Up: Last 24hs in Crypto

1. 🌪 Tornado Cash Developer Roman Storm’s trial delayed.

2. 👀 Tether to release two new products this month.

3. 🪂 Zircuit launches $ZRC Fairdrop.

4. 💸 M2 crypto exchange hacked for $13.7m.

5. 💰 Gunzilla Games raises undisclosed amount from VanEck.

The liquidation heatmap shows significant liquidity clustered around the $68,000 and $70,000 levels. These areas could act as magnet points for price action as the market seeks to clear out overleveraged positions. Expect potential moves in both directions, as Bitcoin's high volatility may target these levels to liquidate positions.

Stay cautious, as the market could see sudden shifts to tap into this liquidity!