bitcoin:native
I wish I had time to make a full video on this today, because this chart is way more interesting than the price action feels.
For anyone who wants to have a little Wyckoff nerd session with me, here’s what I keep staring at.
The first trip to 60k was panic. This one looks more like much more like an interrogation.
Back in February, once BTC lost the prior range, it basically went from the low 80s into the 60k zone in about five days. Big spread, big volume, ugly candles. That was not a calm test, it was a liquidation.
That flush created the stopping action, then the automatic rally, and eventually the push all the way back to 82k. Normal behavior until then. Then supply came in again.
But this time, getting from 82k back into that same 60k zone took 26 days, not five. Seeing 2-3x more time taken is fairly normal at times, but this 5x the time to travel the same path.
Even the lower pocket tells a different story. In February, 67k to 60k was basically one violent candle. In early June, that same pocket took about three days, still normal, but now we’re roughly 11 days into working through that same lower zone again.
And look at the volume, that’s the part that makes this chart a head scratcher. Where is the volume? 👀
When price returns to the same area slower, on lighter volume, and sellers are getting less downside progress for the effort, that can be an absorption clue. It can mean a lot of the forced supply already came out on the first flush.
But slower is not automatically bullish. Sometimes slower means absorption. Sometimes slower just means sellers are distributing into weak demand because buyers are not strong enough to force a real reaction. That is the whole question here.
Is price slowing down because sellers are running out of force, or because buyers still have no urgency?
That’s why I’m not pretending this is some clean bull read. It isn’t. BTC is sitting at the lows. The bounce to 67k was weak. Demand has not shown up in any impressive way yet. But I also can’t ignore the difference in character.
February was liquidation. This is a test.
When you’re testing a major level (level of interest), rule one is simple... There better be a reaction.
So far, this time, we don’t really have one.
Bulls need some kind of spring / SFP behavior into the weekly close, then they need to start taking back. some horizontal levels. Above 67k, the conversation gets much more interesting.
Until then, this is a fascinating chart sitting right on the edge.
Maybe sellers are running out of force. If so, buyers now have to prove they exist.
Or maybe sellers are running out of force, while buyers are scared that the narratives around MSTR & STRC are true. Maybe sellers just need a news event to fuel a next leg lower.
Either way, I find this BTC range to be one of the more interesting in recent history. If you stuck around, thanks for nerding out with me.
🧤 | Yep, it really is a World Cup of Goalkeepers
GKs are currently responsible for two out of three perfect 🔟 Sofascore Ratings at this #FIFAWorldCup, as well as three out of four highest-rated performances at the tournament 💪
🇨🇼 Eloy Room, 🇮🇷 Alireza Beiranvand and 🇨🇻 Vozinha, we salute you 🫡
🚨 Do you see yourself playing centrally in the future?
Lamine Yamal: “I think Messi also had three players marking him on the wing. The only place where they can’t really do that is in central areas because there’s much more space and movement. Over time, I’ll move there because on the wing it’s easier for teams to defend against you with three players, while in the middle that’s much harder.”
Won’t fans miss your dribbling on the wing?
Lamine Yamal: “I can still go one-on-one in central areas too. I’m actually more decisive when I receive the ball and turn in central positions than when I’m out wide. But right now, I think it’s best for the team that I play on the wing. The time will come when I’m more decisive in the middle, and I’ll eventually end up there.” #fcblive 👀
Bro, what did João Neves say that was wrong?
“Cristiano isn’t any different from us today. He’s there to help the team, and he knows it.”
After Argentina won the 2022 World Cup, Rodrigo De Paul said something similar about Messi. He said Messi is treated as “one of us” within the squad and that the team works for each other, not just for Messi. The message was that Messi is the captain and leader, but he is still part of the group rather than being separated from everyone else.
Neves even acknowledged Ronaldo’s legendary status and said that the team plays as a unit, with no one being different from the others. Isn’t that the same mentality promoted by Luis Enrique and many successful teams throughout history?
The TRUMP meme coin generated about $616 million for the Trump family, while buyers lost more than $700 million, according to Reuters' estimates.
The coin has dropped 97% from its January 2025 peak
🇦🇷📊 Lionel Scaloni en la Selección Argentina:
👤 97 partidos dirigidos.
✅ 70 victorias.
🟰 18 empates.
❌ 9 derrotas.
⚽️ 201 goles a favor.
🥅 49 goles en contra.
📊 78% de efectividad.
🏆 VIGENTE Campeón del Mundo.
🏆 VIGENTE Bicampeón de América.
🏆 VIGENTE Campeón Intercontinental.
🔝 INVICTO más largo de la historia (36 PJ).
🌟 65 futbolistas debutantes en el equipo.
◉ GANÓ en Uruguay después de 12 años.
◉ GANÓ en Venezuela después de 14 años.
◉ GANÓ en Bolivia después de 15 años.
◉ GANÓ en Perú después de 16 años.
◉ GANÓ en Brasil por primera vez en la historia de las Eliminatorias Sudamericanas.
There’s guys that are still lying about who is the greatest footballer of all time.
Being able to watch Messi and appreciate him for the absolute genius that he is, is wonderful there’s not a single player in the history of the sport that can chat to him.
🏆 Messi and Ronaldo both get their 2026 World Cup campaigns underway in the next 24 hours! 🤩
Let's take a look at all the records they could break, equal or extend! 🧵