🔥 HOT TOPIC: bitcoin:native longs are stacked 2 to 1
Funding is climbing while spot volume dries up. Last time positioning looked like this, June flushed $3B in longs within 48 hours.
Squeeze to 65K or a repeat of June? 👇
coinmarketcap.com/community/topi…
Michael Saylor's @Strategy sold 3,588 $BTC($216M) at $60,197 last week.
Based on its average purchase price of $75,651, this sale resulted in a loss of over $55M!
assets.contentstack.io/v3/assets/bltf…
Bitcoin Weekly Analysis
Bitcoin jumped +7% this week and reclaimed the 200-week moving average, a positive sign after briefly falling below it.
Bullish factors:
- Reclaimed the 200-week MA
- Bullish RSI divergence is forming
- US economy remains strong
- ISM near 54 (4-year high) + Russell 2000 at all-time highs
- Lower geopolitical risk as US-Iran peace talks progress
Bearish factors:
- 4 year cycle suggests new low in Q4
- Still below the 20-week and 50-week MAs
- Weekly Death Cross is still active
Key Levels to watch:
Support: $58K
Resistance: $67K and $83K
Bottom Line:
Bitcoin is showing early signs of recovery, but it still needs to break above $67K to confirm a stronger trend reversal.
Coinbase Criticized Over AI-Generated Fake World Cup Result, Brian Armstrong Says Team Is Investigating
According to BeInCrypto, Coinbase faced criticism after an AI-generated prediction market alert claimed Norway had beaten Brazil 3-2 before the match had started, with Erling Haaland scoring twice. Coinbase’s own market page showed the match was under a weather delay and no result existed at the time. CEO Brian Armstrong said he was looking into the error with the team. The incident raised questions about Coinbase’s positioning of prediction markets as “truth-seeking” tools and AI safeguards in financial products.
Amazon, Meta Tout AI Jobs Boom While Cutting Thousands
Amazon CEO Andy Jassy spoke of AI's job creating potential months after announcing workforce reductions. The company has since cut about 16,000 jobs, which it says are unrelated to AI adoption.
Meta's Mark Zuckerberg made similar optimistic comments even as Meta laid off 8,000 workers earlier this year.
Meanwhile, OpenAI CEO Sam Altman says AI will keep people at the center of work. He said the industry was more accurate about technology than its social impact.
Altman also said companies adopting AI are continuing to hire.
Source: The WallStreet Journal
Nvidia’s next marquee product — the Kyber rack-scale architecture designed to house its 2027 Rubin Ultra chips — has been delayed by more than 12 months to 2028, according to research firm SemiAnalysis, the latest in a string of reported setbacks raising questions about the AI giant’s product roadmap.
Click here to read more: cnb.cx/3R3E2j4
BREAKING: 🇪🇺 Ripple has received full MiCA approval.
This allows it to offer regulated crypto services across the EEA and expand services for banks, fintechs, and businesses.
BREAKING: Ethereum is preparing for its biggest upgrade since The Merge, per Vitalik.
This means Ethereum will rebuild nearly every core part of itself over the next 3 to 4 years, making it faster, more private, and quantum-safe, without breaking any apps built on it.
ICYMI: OKX AI is live.
A marketplace where AI agents discover work, hire each other, complete tasks, and get paid onchain.
The one-person company now scales with an agentic workforce.
Discover more: okx.ai
🚨BREAKING: Ripple has officially received an EU CASP license, making it fully MiCA-compliant across 30 EEA countries.
Ripple now joins Coinbase, Kraken, and OKX among other major crypto firms cleared under Europe’s MiCA rules.
THE BLOCK: Bernstein says bitcoin's 54% drawdown from its $125K peak is far milder than previous cycles' 75-90% declines.
The analysts note Strategy has bought around 175K bitcoin:native for $14B in 2026, continuing to buy as U.S. miners turn sellers. Bernstein also retains a $150K year-end target, now calling it "ambitious" after the drop.