Connect with us
  • tg

Cryptocurrency

BTC: despite the bullish absorption candle, a bearish breakout is still possible

letizo News

Published

on

BTC registered a local low of $17,622 on June 18 and has been strengthening since then. On July 13, a bullish absorption candle also appeared on the chart (highlighted). This type of bullish candlestick pattern often causes a bullish trend reversal.

Also, the daily RSI is still holding above the uptrend support line. This reinforces the significance of the rising lows. The key resistance is around the $21,800 horizontal level, where the downtrend line also passes

Firstly, you can see here that BTC is trading in the lower part of the ascending parallel channel. Such channels are usually associated with corrective movements. Thus, since the price is rising inside this channel, it could mean that a bearish breakout from this pattern is likely eventually.

Second, unlike the daily chart, the RSI on the 6-hour timeframe has already made a bearish breakout of the support line formed by the uptrend. Thus, the price can pick up on this dynamic and also make a bearish breakout from the channel.

The results of the wave analysis also suggest that BTC may make a bearish breakout from the channel and form a new low. This is indicated by the fact that the price is in wave 5 of the five-wave bearish structure (yellow).

In case this scenario develops, the first probable market target and potential base could be the area of $16,726 (calculated as the Fibo level of 0.382 of wavelengths 1-3). If this level fails to hold and causes the beginning of the reversal, the next potential candidate for the role of the bottom would be $13,213. 

Longer-term analysis also suggests that BTC could launch a new bearish move. 


Cryptocurrency

Retail Dumps Bitcoin (BTC) on Binance as Whales Quietly Load Up

letizo News

Published

on

Bitcoin is currently trading above $118,000, and while it hasn’t yet been able to reclaim last week’s all-time high, the asset is still almost 15% up over the past month.

Despite the ongoing bullish sentiment, retail investors are still offloading Bitcoin on Binance as evidenced by a surge in retail inflows that aligns with signs of profit-taking.

Retail Selling Into Strength

According to the latest figures shared by CryptoQuant, Binance’s 30-day retail inflow has spiked from $12 billion to over $16 billion. This was indicative of an increased selling activity as BTC’s price climbed toward recent highs.

A similar pattern emerged in April 2025, when Bitcoin rose from $78,000 to $111,000 by the end of May. During this time, retail traders also offloaded significant portions of their holdings amidst the uptrend and ultimately missed out on the full upside.

This recurring behavior points to a tendency among retail investors to sell into strength. Such behaviour is likely driven by fear or short-term profit motives, rather than holding for potential further gains.

Further confirming this sell-off pattern, Binance’s Net Taker Volume has turned negative, which reflects a bearish sentiment among market takers. Negative net taker volume indicates that sellers are dominating, either by liquidating long positions or entering new short positions in anticipation of a potential pullback. This sentiment among retail traders suggests that many remain unconvinced of the rally’s sustainability.

On the other hand, whales are aggressively accumulating during this period of retail selling. Data from Whales Screener reveals that in the past 24 hours alone, whales have withdrawn over $400 million in Ethereum and nearly $200 million in Bitcoin from centralized exchanges.

Such large withdrawals typically indicate a firm belief in a continued market uptrend, as whales use the liquidity from retail sellers to build positions. This behavior is consistent with past trends where retail exits during rallies while whales continue accumulating.

Bitcoin’s Path to $140K

Amid this divergence between retail selling and whale accumulation, attention is now turning to what analysts expect for Bitcoin’s next major move. Analyst Mr. Wall Street, for one, expects Bitcoin to climb to $140,000 mid-term, but warned that sell-side pressures may cap gains. The crypto asset has held above $117,000 and aims for $120,000-$123,500 short-term before a potential run toward $133,000-$140,000.

However, wallets that accumulated BTC during the 2022 lows are now offloading. This pattern was seen before previous cycle peaks.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Binance Doubles Down on BONK, PENGU, and Meme Coins: Details Inside

letizo News

Published

on

TL;DR

  • Binance lifted the Seed Tag from several cryptocurrencies, reflecting stronger project fundamentals and reduced risk.

  • Not long ago, the exchange updated its VIP Loan service, adding more loanable assets.

More Backing

The world’s largest cryptocurrency exchange offers trading services with multiple meme coins to respond to the ongoing market trends. However, some of those tokens have a warning label, known as a Seed Tag. It applies to cryptocurrencies which are listed on the platform but are considered riskier or early-stage projects.

On July 21, Binance announced the removal of the Seed Tag from popular meme coins, including Bonk (BONK), Pepe (PEPE), and Pudgy Penguins (PENGU). EigenLayer (EIGEN) and ether.fi (ETHFI) will also no longer have this marker.

The firm stated that it will continue to conduct periodic reviews to determine if other digital assets should have the Seed Tag removed. To do so, it takes into account factors such as the team’s commitment to the project, the level and quality of development activity, trading volume and liquidity, network stability, community sentiments, and others. 

The exchange also expanded the list of trading choices offered on Binance Spot by adding the ETC/USDC, GRT/USDC, and ROSE/USDC pairs on July 22. The services are subject to eligibility and won’t be available to users residing in the USA, Canada, Iran, Netherlands, and other countries.

Ethereum Classic (ETC), The Graph (GRT), and Oasis (ROSE) did not experience price rallies following the news and remain in red territory on a daily scale. More substantial pumps are typically observed when Binance lists a new cryptocurrency, rather than just an additional trading pair. 

Other Recent Changes

Earlier this month, the company included Newton Protocol (NEWT) and Sahara AI (SAHARA) as new loanable assets on Binance VIP Loan. The service enables premium users to borrow substantial amounts of crypto by using their current holdings as collateral. Surprisingly, NEWT and SAHARA did not pump after the disclosure and remained in the red zone. 

Binance also removed certain spot trading pairs, such as ACT/EUR, FIO/BTC, TNSR/FDUSD, and TST/FDUSD. Most of the affected cryptocurrencies headed south following the announcement, with FIO charting the biggest loss of around 8%. 

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

MultiBank Group’s $MBG Token TGE Is Live on MexC, Gate.io, Uniswap and Multibank.io.

letizo News

Published

on

[PRESS RELEASE – Hong Kong, PCR, July 22nd, 2025]

MultiBank Group, one of the largest and most regulated financial derivatives institutions, has officially launched the $MBG Token Generation Event (TGE), following a record-breaking pre-sale that saw millions of tokens snapped up in minutes.

$MBG has launched on MEXC and Gate.io, with additional availability on MultiBank.io and Uniswap, as part of its broader integration across centralized and decentralized trading platforms.

The July 18 pre-sale sold out in minutes, proving $MBG’s unique edge: a crypto asset anchored in real-world value. Backed by MultiBank Group’s $35 billion daily trading volume and $29 billion in real assets across the group’s four-pillar ecosystem, $MBG delivers tangible utility for the future of finance. A $440 million buyback and burn program will further support growth over the next four years.

MultiBank Group Chairman and Founder Naser Taher commented: “The launch of $MBG marks a transformative moment for our Group and the broader cryptocurrency landscape. The unprecedented demand for both pre-sales – selling out in minutes – demonstrates the market’s strong belief in our vision. $MBG is built on rock-solid fundamentals, combining MultiBank’s $35 billion daily trading infrastructure with a $29 billion real asset base, while driving innovation through its multi-utility role: powering transactions across our TradFi and digital ecosystems, enabling staking rewards, and serving as the native token for our $3 billion real-world asset platform. This isn’t just another crypto token; it’s a bridge between traditional finance and blockchain’s future, engineered to deliver sustainable value at every level.”

$MBG will serve as a core utility token across MultiBank Group’s integrated four-pillar ecosystem, supporting transaction fees, staking, rewards, and internal settlements. Its applications extend throughout:

  • MultiBank TradFi: The Group’s flagship contract-for-difference (CFD) business, which generated $362 million in revenue last year.
  • MEX Exchange: A forthcoming institutional-focused crypto ECN (Electronic Communication Network) built for large-scale liquidity aggregation, valued at $23.7 billion.
  • MultiBank.io RWA: The real estate tokenization platform and marketplace, with a $3 billion agreement involving MAG Lifestyle Development that will introduce premium properties such as the Ritz-Carlton Residences.
  • MultiBank.io: A highly regulated digital asset exchange enabling spot trading, derivatives, and future DeFi integrations.

The launch of $MBG has already garnered what the team describes as strong interest and engagement from the crypto community.

The Token is Now Live on MexC, Gate.io, Uniswap, Multibank.io.

Socials: X, Telegram

About Multibank Group

MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, users can visit MultiBank Group’s website.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved