L2NightRunner

$POL update:
The bearish M-top setup on the 4H has played out as expected.
Price broke below the neckline, failed to reclaim the level, and has now dropped over 5.4% from the breakdown.
As long as $POL remains below the neckline, the bearish structure stays intact and sellers remain in control.
#EventContractsLaunch #SummerCreationCamp

CoinJie.com news: IBM shares fell 20% after its earnings report failed to meet expectations, wiping out about $55 billion in market value. This steep drop in the stock price highlights the vulnerability of growth strategies among tech giants and could affect broader market confidence and risk assets.

Crypto news from CoinJie.com: Well-known post-00s crypto trader 0xray increased his BTC long position by 45.09 BTC, worth about $2.8 million. His current position size reached $17.318 million, and his average price was adjusted from $64,275.20 to $64,258.70. Currently, the trader’s current profit and loss is -$46,150.46, with the current coin price at $64,087.91 and the liquidation price at $48,379.38. Recently, 0xray’s trading focus has gradually shifted from crypto assets to on-chain stock contracts.

According to Arkham monitoring, an address labeled SpaceX (15atF) transferred Bitcoin for the first time in 6 months, seemingly making a Bitcoin test transaction worth about $88 to another SpaceX address (bc1q9).

$BTC I recently saw a lot of people on CT posting about the falling wedge on BTC, but nobody talked about a potential price target.
Now that we’ve broken above the resistance and are still holding above it, the pattern has been validated.
However, it looks like we’ll get a retest of the breakout trendline, along with a key S/R level (grey box).
Both of these levels are around 62k, which has been a key level for months now.
If we see a bounce there, a bullish continuation is very likely and would point toward a price target of around 69k-70k.
However, if we break below and find acceptance back inside the wedge, this pattern is invalidated for now and no longer has any predictive value.

GoMining successfully mined the first Bitcoin block using the Stratum V2 protocol at the DMND mining pool. The block contains a Gobtc Pay transaction, demonstrating miners' ability to control block construction during real-time mining. GoMining CEO Mark Zalan stated that this block proves miners can still participate in pool mining while maintaining control over block construction, enhancing autonomy. Stratum V2 is an open-source mining protocol that allows miners to create their own block templates while participating in a mining pool, offering broader application potential.

CryptoWorld News reports that, according to the Russian news agency citing Moscow authorities, Sevastopol in Crimea lost power after a drone attack.

According to CryptoWorld News, Wu has learned that Hyperliquid has posted an announcement stating that, as part of the phased exit (sunset) plan for the stablecoin USDH, all markets on hypercore denominated in USDH have been fully settled. The official advises users to immediately take the following actions: on hypercore’s spot order book, exchange USDH for USDC; use the cross-chain bridge Across to exchange USDH on hyperevm for USDC in a 1:1 ratio with zero fees; withdraw the provided USDH from the lending module; and repay the borrowed USDH debt by purchasing USDH/USDC.

CryptoWorld News reports that Fu Peng stated on the X platform that Bitcoin holders are allocating funds to pre-IPO perpetual futures and tokenized stocks for the S&P 500 ETF and AI-related funds, and are participating in SpaceX IPO-related activities. The trading volume of pre-IPO perpetual futures has surged from about $1 billion in early May to nearly $22 billion.

$BTC As always, the pattern didn't change.
FOMC was priced in. We saw a bullish narrative form into the news, then a -5% dump afterwards.
Textbook reaction.
8 out of the last 9 FOMCs have seen a ~5% decline afterwards. This time was no different.

CryptoWorld News reports that according to Iranian television: Iran warns that if Israel does not cease attacks on Lebanon, it will respond.

Wu Shuo learned that Bitcoin Treasury Company Nakamoto (Nasdaq: NAKA) announced a series of capital structure optimization updates. The company reduced $45 million in outstanding debt through repayment and write-downs, and reached a new loan agreement with creditors, achieving some debt deferrals until 2027 and adjusting financing interest costs. Currently, the company holds 4,468 Bitcoin reserves. Additionally, the board of directors has officially authorized a share repurchase plan of up to $25 million in common stock, and the company has requalified for Nasdaq listing compliance standards.

$BTC Order Books
FINALLY seeing an imbalance in OBs above!
Feels like we haven't seen this is weeks.
Aggregate Spot OB pressure above suggest there is actually interest in selling.
Upside potential is greater.

Kalshi’s head of crypto business said on social media that the people behind pushing the relevant investment layout were not SBF himself, but his partner Leopold Aschenbrenner. Aschenbrenner previously worked as an OpenAI researcher and founded the AI fund Situational Awareness, whose asset size exceeds $20 billion; its return rate within the year reached 270%, and its cumulative returns since its founding have exceeded $10 billion. He also made the biggest contribution to the equity bets on Anthropic, accounting for about one-fifth of the fund’s assets.