Interesting 😳 CZ frequently tweeted the number "4", occasionally accompanying it with a photo of himself forming the number with his fingers and BNB hit 4 digits.
This recurring reference to "4" symbolizes CZ's commitment to concentrate on development and innovation, undistracted by external chatter or obstacles.
Why Did Bitcoin Drop to $90K After Hitting an ATH of $104K?
The crypto market is known for its volatility, but Bitcoin’s recent drop from its all-time high (ATH) of $104,000 to $90,000 has left many wondering: What happened?
Let’s break it down:
1. Profit-Taking at ATH
When Bitcoin broke through $100K, a psychological milestone, many investors who had been holding since lower levels decided it was time to take profits. This wave of selling created significant downward pressure.
2. Overleveraged Positions
As Bitcoin surged past $100K, the derivatives market saw a spike in leveraged long positions. When the price began to dip, these positions were liquidated, exacerbating the sell-off. This cascade effect is common in highly-leveraged markets like crypto.
3. Technical Resistance and Market Psychology
$100K was not only a psychological milestone but also a technical resistance level. After Bitcoin surpassed $104K, it quickly met strong selling pressure, which caused the price to reverse. This behavior is typical as traders anticipate corrections after major breakouts.
5. Whale Activity
On-chain data revealed increased activity from Bitcoin whales. Large holders moved significant amounts of BTC to exchanges, likely preparing to sell. This signaled the market to brace for a correction.
What’s Next?
While the drop to $90K might seem dramatic, it’s essential to put things into perspective. Bitcoin remains in a bullish macro trend, and corrections are part of its price discovery process. Historically, Bitcoin has shown resilience after similar pullbacks.
For long-term investors, this could represent an opportunity to accumulate. As always, it’s crucial to do your own research (DYOR) and understand your risk tolerance before making any moves.
$ZEC is back again from the trenches. Triangle breakout is in.
Here are some of the very important things to keep in mind with the trade plan at the end.
The daily structure remains firmly bearish. Lower highs and lower lows continue to define the trend.
Price failed to reclaim the major supply zone at $300–$330, and that rejection was decisive. What previously acted as support has now flipped into strong resistance, keeping downside pressure active.
The breakdown below key support confirmed seller control. Momentum did not shift; it expanded.
As long as price trades below former support turned resistance, rallies should be treated as selling opportunities, not trend reversals.
But if we break above $300 with Volume that will change the game.
The next high-probability area sits around the $140–$130 demand zone, where deeper historical liquidity exists and stronger reactions are more likely.
A real shift only comes with a clean daily reclaim above the $300–$330 supply zone. Until that happens, the path of least resistance remains lower.
You can place a short trade with very capital with stop above $300
As Layer 1 token $BERA pumped hard Today almost 100% but is now getting heavy sell pressure. Every one is opening Shorts and funding rate is deep.
I bought $XPL today and it pumped 4% today despite odd market conditions which show that the token is performing good.
@Plasma is trying to break local resistance around 0.0851 level if we break it with volume we may see price heading towards next resistance. #plasma needs volume buying rn to break out.