bitcoin:native Slides as Market Faces Wave of Selling Pressure
Bitcoin experienced a sharp decline over the past two days, falling below key support levels and triggering widespread liquidations across the crypto market.
The selloff appears to be driven by a combination of factors. Spot Bitcoin ETFs have seen significant investor outflows, reducing one of the market's strongest sources of demand. At the same time, large holders have been taking profits, while concerns over potential Bitcoin sales linked to the Mt. Gox repayment process have added uncertainty.
As prices fell, leveraged traders were caught offside. More than $800 million worth of crypto positions were liquidated, accelerating the decline as forced selling pushed prices even lower.
Despite the drop, analysts note that the current correction resembles a market deleveraging event rather than a fundamental crisis. Bitcoin remains well above levels seen earlier in the year, and traders are closely watching whether buyers return around the $68,000–$70,000 range.
The coming days will be crucial. If ETF flows stabilize and market sentiment improves, Bitcoin could recover quickly. However, continued selling pressure may lead to further volatility across the broader cryptocurrency market.
Every loyalty programme tells customers their points have value. But a reward that can't move isn't value, it's the illusion of it.
A transferable discount right keeps working in your favour. A locked one sits trapped until it quietly disappears.
A discount right is not money. That sounds like a technicality until you trace what each one actually does.
Money settles obligations. You can pull it out of a bank, convert it from a stablecoin, swap it for something else entirely. A discount right does none of that. It changes the price a customer pays at the moment of purchase, and then it's gone. The sale still happens between buyer and seller. The voucher only adjusts the amount.
Retailers have handed out £10-off vouchers for decades. That part is nothing new. What's new is that a discount right can now move. From one holder to another, across merchants, through a network.
The discount isn't the invention. The transferability is.
And once discount rights can move freely, they stop being marketing tools and start behaving like economic infrastructure.
We break the full distinction down slide by slide, drawn straight from our whitepaper. Swipe through 👇
Retailers spend trillions on discounts every year and write almost all of it off as a sunk cost.
Make the discount right transferable, back it with a reserve layer, and that same spend stops vanishing. It starts circulating.
As of April 10, 2026, @opentensor TAO is down hard on the day. Bittensor’s TAO token plunged after a major shock hit confidence in the project: Covenant AI, a prominent team in the Bittensor ecosystem, announced it was leaving the network. That news appears to have rattled investors because it was tied to concerns around governance and centralization, two issues that matter a lot for a project built on the idea of decentralized AI.
The selloff was especially sharp because TAO had already rallied strongly in recent weeks. When a token rises fast, traders often pile in with short-term momentum bets. That makes the price more fragile. So when bad news hits, the drop can snowball as traders rush to lock in profits, cut losses, or get liquidated.
In other words, this was not just a normal dip. It looked like a mix of ecosystem-specific fear and an overheated market unwinding at the same time.
That does not necessarily mean TAO’s long-term story is over. Bittensor still has a strong narrative around decentralized AI, and the project remains one of the biggest names in the AI-crypto space. But in the short term, this crash is a reminder that narrative alone is not enough. Investors are now watching whether Bittensor can restore confidence, address governance concerns, and prove the ecosystem is still strong even after a high-profile exit.
For now, TAO looks like a project at a crossroads: still important, still promising, but suddenly under pressure.
$TAO
$Bitcoin Breakout or Bull Trap?
For weeks, Bitcoin circled a familiar ceiling. Each rally toward $80,000 was met with selling pressure, pushing the price back down and reinforcing the idea that this level was a hard limit. Now, that ceiling has cracked—at least temporarily. Bitcoin has pushed above $80K, and the question dominating the market is simple: does this breakout signal the next leg of a bull run, or is it another false start?
The Anatomy of a Breakout
In technical terms, $80,000 wasn’t just a round number—it was a resistance zone. Traders had seen repeated rejections there, which meant many were positioned for history to repeat itself. When Bitcoin finally broke through, it triggered a chain reaction.
A key driver of the move was a short squeeze. Traders who had bet against Bitcoin near $80K were forced to buy back in as the price rose, accelerating the upward momentum. These squeezes often create sharp, fast rallies that can look stronger than they really are.
But this wasn’t purely a technical event. Underneath the surface, a more structural force is at play.
Markets are not purely rational. Round numbers like $80,000 act as psychological anchors. Traders cluster orders around them, media attention intensifies, and new participants are drawn in.
Despite the excitement, breakouts are not always what they seem. One of the most common patterns in volatile markets is the bull trap—a temporary move above resistance that quickly reverses.
Michael Burry Bets Against the AI Boom
Famed investor Michael Burry is once again making headlines.
This time for betting against some of the biggest AI-related stocks in the market.
Recent filings from Burry’s firm, Scion Asset Management, show bearish positions tied to major artificial intelligence companies including NVIDIA and Palantir Technologies. He also reportedly increased exposure against semiconductor and tech-focused ETFs, signaling concerns that the current AI rally may be overheating.
Burry appears to believe that investor excitement around AI has pushed valuations too high, drawing comparisons to the dot-com bubble of the early 2000s. While he has not dismissed AI technology itself, his strategy suggests he expects some AI stocks to face sharp corrections if growth expectations fail to match reality.
The move has sparked debate across financial markets. Supporters argue that AI will continue transforming industries for years to come, while skeptics warn that many companies are being valued more on hype than actual earnings.
Despite Burry’s bearish stance, AI stocks remain among the market’s strongest performers in 2026, showing that investor confidence in the sector is still extremely high.
You think Burry's gonna be right this time?
Market Overview: Stabilizing, But Still Weak
Bitcoin is hovering around $65K–$68K, showing signs of stabilization after a rough Q1
Still down ~45–50% from its 2025 peak (~$126K) → market remains in a broader downtrend
Analysts are debating whether the market has bottomed or not
Some forecasts still expect long-term upside (even $150K targets), but short-term risk remains
👉 Takeaway:
- The market is not bullish yet, but no longer collapsing. It’s in a transition / accumulation phase
- Franklin Templeton is acquiring a crypto unit and launching “Franklin Crypto”
- More TradFi firms are expanding crypto teams, launching products (ETFs, funds), and preparing listings/mergers
30,000 Submissions in 36 HOURS.
The sheer volume of interest in our Golden Ticket program confirms one thing: The world is ready for Accountability in DeFi.
This is a true validation of the TroyVest vision. For too long, retail investors have lacked transparency and protection. We are here to change that.
To ensure a "White Glove" experience for all 30,000+ participants, we are now deploying an automated verification and ticket issuance protocol.
🛡️ True protection for the retail investor is no longer a dream. Stay connected for the official activation link & TG Support Chat for Golden Ticket Holders
#TroyVest #L3 #GoldenTicket #TROY #DeFiAccountability
Public Announcement:
Happy to announce that $TROY IDOs are running successfully & Troyvest Team appreciates the participation & interest.
$TROY public allocations are fully allotted & we are not accepting any further IDOs proposals, although we are grateful for all the institutional proposals we are still receiving for further IDOs.
We would like to present our best regards & gratitude to all of our current IDO partners @kommunitasnet@ixirpad@Spores_Network
#Troyvest #DeFi #L3 #TROY #volatilityInsurance
Building the Future of DeFi Risk Management 🛡️
We have officially partnered with @Spores_Network for the upcoming $TROY IDO!
TroyVest provides a dedicated Layer 3 infrastructure for volatility insurance, securing retail investors against market turbulence. By launching on Spores, we are aligning with a platform that shares our commitment to transparency and high-performance Web3 tech.
📊 Key Details:
▪️ Platform: Spores Launchpad
💎 Secure your spot:
https://t.co/LjKnETNjcu
#TroyVest #DeFiInsurance #L3 #CryptoSecurity