Bitcoin Capital

Crypto ETP Innovators, Issuing ETPs since 2020. Tweets by Bitcoin Capital Intern.
Disclosures:

[Bitcoin Capital @Bitcapital_ch]

The first-ever $BONK ETP is now trading on SIX Swiss Exchange.

Investors can now access exposure to the BONK ecosystem through a fully regulated, exchange-traded product, powered by Bitcoin Capital.

Another step in bridging TradFi to digital assets.

[Bitcoin Capital @Bitcapital_ch]

bitcoin:native Orderbook Update

Bitcoin just swept $61,344, wiped a wave of longs, then bounced

That low wasn't random $12.63M in bids sitting at $61,000 was the magnet

Now price needs to clear $63,460 to have any shot at recovering toward $65K

Watching

[Bitcoin Capital @Bitcapital_ch]

Thursday is historically where weekday selling pressure peaks and fades

Tuesday averages the deepest loss

By the weekend, bitcoin:native 's average return flips positive

Not every week follows this

But the tendency is consistent enough to be structural

Let's just hope the worst is behind us this week

[Bitcoin Capital @Bitcapital_ch]

Who here is in profits? 😅

[Watcher.Guru @WatcherGuru]

JUST IN: Over 50% of all Bitcoin $BTC in circulation is now held at an unrealized loss.

[Bitcoin Capital @Bitcapital_ch]

@Gemini This is the bear market we were promised

[Bitcoin Capital @Bitcapital_ch]

This isn't a bottom signal yet for bitcoin:native but...

The $65.5K liquidity cluster is still sitting unswept, which means the market has unfinished business below current price

Resistance is stacked at $68K–$68.5K above

Until one of those levels breaks, this is consolidation between two traps

[Bitcoin Capital @Bitcapital_ch]

Historically, buying panic has been rewarded more often than chasing greed

If you positioned yourself when fear was flooding the market you would be in a nice spot

Most panic looks obvious only in hindsight

bitcoin:native

[Gemini @Gemini]

JUST IN: Bitcoin Fear & Greed Index hits its lowest level since April, sliding into "Extreme Fear"

[Bitcoin Capital @Bitcapital_ch]

@Gemini Remember how good of an opportunity is to buy at these levels

[Bitcoin Capital @Bitcapital_ch]

@krakenfx

[Bitcoin Capital @Bitcapital_ch]

bitcoin:native broke $70K this morning

But the 3M futures basis across Binance, OKX, and Deribit just hit 3% a month high

Spot pressure with basis expansion is the structure of a healthy flush, not a trend change

Watch whether the basis holds if price reaches $66K

[Bitcoin Capital @Bitcapital_ch]

bitcoin:native orderbook for the week

BTC broke $70K and is in a clean short-term downtrend

No base forming yet

The only order with real conviction below is a $8.99M bid at $66K, placed 60 days ago

Let's see where we can bounce

[Bitcoin Capital @Bitcapital_ch]

@QuintenFrancois @CoinCompassHQ The only thing that will get us through

[Bitcoin Capital @Bitcapital_ch]

@BitcoinRachy If it bounces at $60k a lot of people will be left in shambles (again)

[Bitcoin Capital @Bitcapital_ch]

Bitcoin is dead

[Bitcoin Capital @Bitcapital_ch]

@panamaXBT @cryptoquant_com @MorenoDV_ Nailed it, Bitcoin isn’t the same as it was 4 years ago

[Bitcoin Capital @Bitcapital_ch]

@Gemini It’s so over

[Bitcoin Capital @Bitcapital_ch]

bitcoin:native $74K to $68,372 in 48 hours

The entire long liquidation stack got swept
Below current price the heatmap is sparse, so the mechanical selling pressure has cleared

But there's no visible bid either

Consolidation here is plausible

A close below $68K is the level to watch

[Bitcoin Capital @Bitcapital_ch]

@AAStack

[Bitcoin Capital @Bitcapital_ch]

The onchain data absorbed the February drawdown without a full capitulation signal

But the recovery stalled exactly at the STH cost basis and rolled over

Price at $71.5k, SOPR back below breakeven, MVRV retreating

Contained drawdown, failed recovery

And everyone panicking because Saylor sold 32 bitcoin:native doesn’t help