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: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
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
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
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
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: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: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
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