News linked to both this project and an event.
Bitcoin (BTC) has formed only the second "weekly bullish divergence" in its history on the weekly chart. This technical signal previously preceded a 715% surge in BTC following the FTX collapse. This divergence indicates that while prices are still falling, momentum indicators are starting to recover, suggesting selling pressure may be weakening. Analysis points out:1. BTC's weekly chart shows a rare bullish divergence, with a potential target around $90,000.2. The current price is holding near the 200-week moving average (approximately $62,000). Historically, this level has often served as the bottom area during bear markets (2015, 2018, 2020).3. The previous weekly divergence occurred after the FTX collapse in 2022, after which Bitcoin rallied from around $15,500 to $126,200, a gain of 715%.Technical analysis shows that BTC's weekly RSI has recovered from oversold territory to form a higher low, while the price continues to decline, constituting a bullish divergence signal. Analysts suggest that if BTC breaks through the $64,000-$65,000 range, it could first target $71,500-$73,000, and potentially reach the CME gap at $79,000. The area around the 50-week moving average, approximately $91,755, is seen as the next potential resistance level, while the region above $90,000 also represents long-term resistance.Despite the bullish signal, Bitcoin remains in a weekly bear flag downtrend. If it breaks below the descending channel, the price could fall back to around $50,000 in the short term, unless it reclaims the lower trendline to form support. Overall, BTC is at a critical technical juncture with both bullish and bearish factors at play. Investors need to monitor the dynamic interplay between support at the 200-week moving average and resistance at the 50-week moving average. (Cointelegraph)
According to on-chain analyst Onchain Lens (@OnchainLens), the U.S. government has transferred approximately $1.9 million worth of assets and 2.656 million DAI—seized from FTX/Alameda—to Coinbase. The transferred assets include UNI, RNDR, SAND, MASK, AXS, and APE.
according to Arkham’s monitoring, the U.S. government has transferred 319 ETH, 643,000 DAI, and 290,000 USDT from seized FTX Alameda funds to Coinbase Prime.
Odaily Planet Daily reported that Patrick Gruhn, a former executive at FTX's European operations, has launched the "no-loss" AI trading platform UpsideOnly. The platform converts crowdsourced simulated trading strategies into shared real-money profits, executing trades using only company funds.Investors engage in simulated trading by predicting the future prices of assets such as oil, gold, and stocks. Subsequently, its AI model selects the predictions most likely to generate profits. The company uses its own funds to trade based on these predictions, and upon success, shares half of the profits with the traders who created the winning signals. (Bloomberg)
According to Cointelegraph, cryptocurrency analysts are divided on whether Bitcoin will reenact its historical “Sell in May” pattern in 2026. In the two midterm election years—2018 and 2022—Bitcoin experienced sharp declines in May, falling approximately 30% and 70%, respectively. Analyst Merlijn Enkelaar warned that this historical pattern could repeat, with Bitcoin potentially dropping to $33,000. Joao Wedson, CEO of Alphractal, also noted that if Bitcoin remains persistently below $78,000, the likelihood of a new capitulation phase increases. However, Jeff Ko, Chief Analyst at CoinEx, argued that past crashes stemmed from specific shocks—including the Mt. Gox incident, China’s ICO regulations, the Federal Reserve’s monetary tightening, and the collapses of Terra and FTX—not from calendar-based seasonality. He added that the launch of spot ETFs, corporate treasury allocations, and progress on the CLARITY Act have significantly broadened the institutional buyer base, making a 70–80% deep correction unlikely this cycle. Analyst Michaël van de Poppe highlighted $76,000 as the current critical support level; failure to hold it would likely trigger further downside pressure.