Break The Ceiling priceBTC

BTC futures just logged a major shift — over 36,000 $BTC added to open interest during the dip, the biggest weekly jump since early 2023. Clear sign that whales are gearing up while volatility is still unfolding. Meanwhile, the Bitget Trading Club Championship — Phase 18 is heating up. The leaderboard is still open, and traders focusing on tokens like $ASTER and $ZEC are already securing rewards, including the 30 BGB tier. With only two days left, smart positioning matters more than ever. Tools like GetAgent are helping traders stay ahead with early risk alerts, which is crucial in a market where one late move can flip the rankings. $MYX

🔥 INSIGHT: BlackRock says clients care about $BTC as digital gold, not a global payments rail.

Interview with Robbie Mitchnik. Bitcoin is NOT a global payment network. For Bitcoin to truly become a scalable payment network, it needs strong development of the Lightning Network infrastructure and other L2 solutions. In Q1 2024, about 80% of investors in the Bitcoin ETF (#IBIT) are retail buyers. Currently, it's about 50/50 between retail and institutional investors (or financial managers). For hedge funds, this is usually an arbitrage setup: buying BTC on the spot market but holding SHORT positions on futures. Over "several thousand years," the truly globally accepted monetary alternatives have become: Gold, Bitcoin, and to some extent Silver. The crypto industry scored an "own goal" by starting to call Bitcoin a "risky asset" – when this mantra is repeated daily, people automatically trade according to the pattern. Natural support for Bitcoin includes: - low interest rates - a weak dollar - increased liquidity in a broad sense Bitcoin should not react to geopolitical risks – this asset is outside the risks of any specific country. Stablecoins are a convenient way to "efficiently move value" around the world. Stablecoins will go far beyond crypto exchanges and DeFi. Regarding the events in the crypto market on October 10/11 – after such events, one should not expect the market to immediately "bounce back and soar" — time is needed for "healing." Advice: "Don't try to time the market" (long-term approach, 3 years+) Robbie Mitchnik is the global head of digital assets at BlackRock, the world's largest asset management company, responsible for the company's strategy in BTC, stablecoins, and tokenization. Under his responsibility, the spot Bitcoin ETF #IBIT and other BlackRock crypto products have been launched and are developing. $BTC

Bitcoin hits 33 RSI on the weekly chart, the most oversold level in almost 3 years 🚨 What happened last time? $BTC ripped from under 20k to 126k over the next 2.5 years 📈🤑

Looking at the weekly range $BTC is having a bullish pull back, my eyes are on the first daily imbalance at $87k - $88.5k price level, the bearish trend could resume once this level is mitigated. If it doesn't, then price would likely sweep the weekly range high at $96.1k price level, then further mitigates the next imbalance at 96.8k - 97.9k price level before price continues bullish Curious, are you leaning bearish or bullish on this pullback?