MemeSourdough

CoinCircleNet news: Trader yixie reduced his SKHX long position on the HyperLiquid platform by 1,009.59 units, about $1,421,680.02. His current position size is $10,002,523.99, with an average entry price of $1,461.82. His current profit and loss is -$270,678.27 (-5.87%). The current price is $1,423.30, and the liquidation price is $807.49.

$ALCH is moving exactly as predicted.
The setup delivered a massive 43% profit, and the momentum played out beautifully.
Patience paid off, the entry worked, and the market did the rest.
Enjoy the gains.

According to Coin World News, an explosion occurred in Jeddah, highlighting that regional instability is worsening amid heightened tensions between the US and Iran, which may affect global markets and the security dynamics of Gulf countries.

CoinWorld News: SpaceX's initial public offering (IPO) drove tokenized stock trading to a record $3.86 billion in June, up 145% from May. Tokenized SpaceX shares accounted for 31% of total trading volume, approximately $1.19 billion. The IPO was valued at around $1.8 trillion, making it the largest IPO in history. Backpack Securities' SPXC token became the most popular tokenized stock, with trading volume reaching $1.08 billion. The sector's market cap reached $1.53 billion in June, up 6.64% from the previous month.

CoinJie News reports that OpenAI has announced that applications for the 2026 DevDay (Developer Conference) are now open.

Franklin Templeton completed the acquisition of 250 Digital, integrating its investment team and the liquidity strategies managed by CoinFund, which became one of its investors. After the acquisition, a dedicated department focused on active digital assets, Franklin Crypto, was established, headed by Christopher Perkins and with Seth Ginns as Chief Investment Officer, co-led by Tony Pecore. It offers actively managed crypto asset strategies to institutional investors and leverages a global distribution network to expand into the institutional market.

CryptoWorld News: Ukrainian drone attack on Crimea results in four deaths and 28 injuries.

Bitjie News, Majie Huang Licheng added 1,175 ETH to his long position, worth approximately $2,082,032.50. The current position size is $22,388,372.50. The average entry price has risen from $1,726.21 to $1,736.64. The current profit and loss is +$1,071,071.69 (+119.60%). The current coin price is $1,823.90, and the liquidation price is $1,755.08. This trader previously profited from blue-chip NFTs, but since October he has suffered a massive drawdown, with funds shrinking from over $100 million to several hundred thousand dollars.

Wu Shuo learned that Darcy, co-founder of Flash Rescue, said that MSX (Mai Tong MSX) allegedly has associated wallets that have transferred some users’ top-up funds to cross-chain bridges, exchanges, and external intermediary networks. Based on its on-chain tracking results, about $11.97 million of the related funds flowed into institutional channels, about $3.82 million flowed to centralized exchanges, and another roughly $6.67 million to $7.79 million flowed to cross-chain bridges, DeFi, OTC, and unknown addresses. Darcy said that, before MSX discloses complete reserve proofs, broker accounts, and trading records, it still needs further verification whether the above fund flows match the U.S. stock tokenization business model it claims.

CryptoWorld reports that the Office of the District Attorney for the Eastern District of Pennsylvania in the United States said Ruslan Igorevich Tkachuk and Alexander Vladimirovich Ledenev were arrested for allegedly operating the cryptocurrency money-laundering service audia6. Since its launch in 2021, audia6 has received about 10.3k bitcoins, with a transaction value exceeding $389 million, including at least $192 million worth of bitcoins from dark web markets and ransomware organizations. A joint international law enforcement operation has seized and frozen audia6’s servers, domain names, and Telegram accounts.

$BTC Price came down to 61k and it held,
Currently price is recovering back up and is now sitting at 62.8k,
CVDs are improving from the lows, with perps continuously ticking up,
Spot is recovering aswell but is weak compared to perps (Divergence) and both CVDs are still in extreme negative.
Meanwhile OI is slowly declining as shorts partially cover,
There hasn't been any major liquidations yet aside from small shorts closing,
Overall, the move up is mainly derived by perps and shorts covering,
Meaning we could retrace the pump soon,
Though if we get spot buyers participating and spot CVD going up, with perps and OI rising alongside,
Then we are gonna go up and test higher levels and possibly break above monH (64.2k),
But in the case we don't see spot demand coming,
We are gonna go back to 61k and test the HVN again before any further move.
It's better to move the SL to entry rn,
Because if we go back to our entry then we are probably going even lower, where we can look for better entries.

Crypto News: According to data from Santiment, the trading volume of major non-stablecoin cryptocurrencies has fallen to the lowest level since mid-2024.

CoinWorld News: The unrealized profit on a certain BTC OG whale’s ZEC short position has narrowed to $11.62 million (+143.03%). The current coin price is $424.22, the liquidation price is $774.07, and the position size is $24.3755 million.
This whale previously held more than 50,000 BTC, and after 8 years of silence, it gradually rotated some BTC into ETH. Its moves are highly synchronized with Trump’s remarks and developments in U.S. policies. It had shorted before the “10.11” plunge and profited nearly $100 million, drawing market attention.

$RLC is starting to catch my attention for the wrong reasons.
The uptrend channel has already broken down, and the overall structure looks much weaker than it did a few weeks ago.
Every bounce feels less convincing, while sellers continue to step in and slow down any attempt at recovery.
From a chart perspective, momentum appears to be fading. The price action is no longer showing the same strength that drove the previous move higher.
If support starts to crack, a larger downside move could follow.
For now, $RLC remains on the watchlist as one of the charts showing increasing signs of weakness. The next reaction around support should be interesting.

🚨 RLC/USDT DAILY CHART ANALYSIS — BEARISH CHANNEL BREAKDOWN CONFIRMED
📉 Market Structure Overview
$RLC /USDT has officially broken below a well-respected ascending channel that guided price action for several months. This breakdown is a significant bearish development, suggesting that buyers are losing control and sellers are beginning to dominate the market structure.
The recent rejection from the upper boundary around $0.52-$0.53 created a lower high, followed by aggressive selling pressure that pushed price directly through channel support.
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🔍 Technical Breakdown
✅ Ascending Channel Failure
The ascending channel had been acting as a bullish structure since March, producing higher lows and higher highs.
However:
Price failed to maintain momentum near the channel top.
Sellers stepped in aggressively around $0.52.
The lower trendline support has now been decisively broken.
Daily candle closed beneath channel support, confirming weakness.
A channel breakdown often signals the end of a trend and the beginning of a deeper correction.
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📊 Current Price Action
Current price is trading around $0.41.
The breakdown candle shows:
Strong bearish body
Increased downside momentum
No meaningful bullish reaction after the break
Sellers remain in control
Unless bulls reclaim the broken trendline quickly, downside continuation remains the higher-probability scenario.
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🎯 Key Bearish Targets
TP1: $0.3830
This level represents the nearest horizontal support and the first major downside objective.
If selling pressure continues, price could easily revisit this zone.
TP2: $0.3566
If TP1 fails to hold, the next significant support sits around $0.3566.
This area also aligns with previous accumulation activity and could attract buyers.
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⚠️ Resistance Levels
For bulls to invalidate this bearish setup, RLC needs to:
Reclaim the broken channel support
Close back above $0.425-$0.430
Establish higher lows on the daily timeframe
Until that happens, every bounce may simply be a relief rally within a larger bearish move.
---
💡 Trader's Perspective
The chart currently favors sellers.
The combination of:
✔ Channel breakdown
✔ Lower-high formation
✔ Bearish momentum candles
✔ Failure to hold trendline support
creates a strong bearish outlook in the short-to-medium term.
Trading Bias:
Bearish 📉
Key Levels:
Resistance: $0.425 – $0.460
TP1: $0.3830
TP2: $0.3566
🔥 Conclusion
RLC/USDT has delivered a textbook breakdown from its ascending channel, shifting market sentiment from bullish to bearish. As long as price remains below the broken trendline, traders should expect continued downside pressure toward $0.3830 and potentially $0.3566.
The bears currently hold the advantage, and the next few daily candles will determine whether this evolves into a full trend reversal or merely a temporary correction. 📉🚨
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