Bitcoin bounced 11% in a week.
But major wall sits right above current price.
I've checked every leg of this move. Here's what I found:
⇝ The bounce started at prior cycle accumulation territory near 59,000
⇝ Resistance stack overhead: 12H Trailer at 66,414, HTF Trailer at 67,946
⇝ The full BTC structure remains under the bear regime
⇝ Each leg up since cycle top printed a lower high
⇝ Current rise had no serious momentum breakout
So what does this look like in CMT terms?
A minor relief rally inside Phase 2 distribution.
The standard shape of a mechanical squeeze on overcrowded shorts.
As of now, it looks like a typical corrective tide of a larger down move after breaking new long-term lows.
What does it mean?
If you're long, I'd consider taking profits in this cluster.
$BTC could perhaps push another $1,000 to test 68k.
But needs to close daily above 68k with expansion.
Volume/volatility spike with momentum breakout to establish a trustworthy impulse.
Until then, be careful.
This corrective chop can expire any time now.
Got it?
@CashAnvil Cardano holders will tell you to buy more and hodl , it’s time to stop. But fren. At least next bull run you could break even or make a little profit just sell in 2029-30
Cardano investors deserve answers.
I've hired a crypto forensics firm to investigate the history of Cardano's founding, its original ICO proceeds, the movement of the BTC raised, and the financial history of the founding entities.
I'm looking for information on:
• The original ICO BTC addresses and where those funds ultimately went
• The formation and ownership history of the founding entities, including Input Output (IOG/IOHK), Emurgo, and the Cardano Foundation
• Salary, bonus, dividend, and other compensation paid by these entities over time
• Any public or private disclosures regarding treasury management, BTC sales, ADA sales, or distributions to owners and insiders
• Historical corporate records, annual reports, audits, board minutes, presentations, or other relevant documents
I'm not alleging wrongdoing. In fact, the answer may be entirely reasonable. But Cardano raised what would be worth billions of dollars today, and I think the community deserves a complete accounting of what happened to those assets and how the ecosystem was funded over time.
If you have documents, research, leads, archived websites, old forum posts, wallet information, or firsthand knowledge, please reach out.
I'd like to build the most complete historical record possible.
🚨HUGE: HOSKINSON WARNS OF CARDANO DEFI SHUTDOWNS IN H2 2026
Charles Hoskinson says more Cardano DeFi apps could close in the second half of 2026, citing funding, governance, and commercialization problems.
He also floated an “extreme” reset through proof of burn if the ecosystem fails to change.