The decline signals potential investor uncertainty and challenges in China&#8217;s 
economic recovery despite policy support and stimulus efforts.
The post Shanghai Composite Index falls 1.5% to one-month low appeared first 
on Crypto Briefing.

Shanghai Composite Index falls 1.5% to one-month low

Nic Puckrin, an analyst at The Coin Bureau, said Bitcoin is being “pulled in 
different directions by conflicting news” as it heads into the weekend.

Traders eye Bitcoin’s bull-bear ‘tug-of-war’ to plan their next move

Prediction-market platforms, Polymarket and Kalshi, are pushing into web3 and 
global markets in search of new revenue streams.

Prediction markets Polymarket, Kalshi bet big on web3—odds of global expansion just improved

Public pension funds increasingly embrace crypto-linked equities, highlighting 
a shift towards digital asset exposure despite market volatility.
The post Arizona state pension fund reports $24 million Bitcoin exposure via 
Strategy shares appeared first on Crypto Briefing.

Arizona state pension fund reports $24 million Bitcoin exposure via Strategy shares

Bitcoin is currently trading below $92,000, and the market is showing clear 
signs of exhaustion as selling pressure intensifies. Fear has pushed sentiment 
toward the bearish end of the spectrum, with many analysts now arguing that 
BTC may be entering a new bear market. The loss of key support levels and the 
rapid acceleration of downside volatility have only fueled these concerns, 
especially as short-term holders continue to capitulate at scale. Related 
Reading: Bitcoin Capitulation Deepens Around $90K Level: Classic Late-Stage 
Fear Structure Emerging However, not all perspectives are bearish. Some 
analysts believe that Bitcoin may be forming a local bottom, as the current 
correction resembles previous mid-cycle retracements seen during strong bull 
markets. They argue that the broader macro environment remains supportive and 
that long-term holders have not shown signs of structural weakness. As selling 
pressure concentrates among weak hands, the possibility of a reversal 
increases — especially once forced sellers exhaust themselves. Adding to the 
uncertainty, new on-chain data from Lookonchain revealed that Bitcoin OG Owen 
Gunden just deposited all his remaining 2,499 BTC into Kraken roughly an hour 
ago. Moves like this often trigger speculation, as exchange deposits from 
early holders can signal potential selling. Yet historically, similar events 
have also occurred near cycle bottoms when panic is at its peak. A Massive BTC 
Transfer Sparks Market Speculation According to fresh data from Lookonchain, 
Bitcoin OG Owen Gunden has just deposited his remaining 2,499 BTC (worth $228 
million) into Kraken roughly an hour ago. This move has immediately raised 
questions across the market, as large exchange deposits from early whales 
often signal potential selling pressure. What makes this development even more 
notable is the context: just two weeks ago, Lookonchain reported that Gunden 
appeared ready to offload his entire 11,000 BTC stash — a position worth over 
$1.12 billion at the time. Now, with this final deposit, it appears he has 
officially completed the move. For many traders, this confirms that one of the 
oldest and largest long-term holders has fully exited or is preparing to exit 
the market. Such whale behavior can amplify fear during corrective phases, 
especially as Bitcoin continues to struggle below $92K. Moves of this scale 
not only contribute to short-term volatility but also influence sentiment by 
signaling that even early accumulators may be reducing exposure. However, 
historically, capitulation events from long-term holders have often coincided 
with or preceded major turning points. If this massive transfer marks the end 
of Gunden’s sell-off, the market may soon absorb the pressure — potentially 
clearing the path for a recovery once the fear subsides. Related Reading: 
Nearly 7M Bitcoin Now Sitting At A Loss: Highest Unrealized Pain Since January 
2024 Short-Term Trend Still Under Pressure Bitcoin’s 4-hour chart reveals a 
market that remains firmly under short-term selling pressure, despite 
occasional relief bounces. The price is struggling to reclaim $92,000, a level 
that previously acted as support but is now working as resistance. The series 
of lower highs and lower lows highlights a persistent downtrend that has 
shaped BTC’s trajectory since early October. All major moving averages—the 50 
SMA, 100 SMA, and 200 SMA—are positioned above current price action and 
pointing downward. This alignment confirms a clear short-term bearish 
structure. Each time BTC attempts to recover, it meets strong resistance at 
these declining MAs, signaling that sellers remain in control. The most recent 
bounce barely reached the 50 SMA before being rejected again, reinforcing the 
weakness of buyer momentum. Related Reading: XRP Supply In Profit Falls to 
58.5% – Lowest Since 2024 Despite Higher Price Volume remains elevated on 
downswings, which indicates that sell-offs continue to be driven by conviction 
rather than random volatility. Buyers are stepping in around the 
$89,000–$91,000 zone, but so far, this support has only produced temporary 
pauses rather than meaningful reversals. For a structural shift, BTC would 
need to reclaim at least the $95,000 area and break above the 100 SMA. Until 
then, the trend remains tilted toward further downside or continued 
consolidation near current levels. Featured image from ChatGPT, chart from 
TradingView.com

Cryptocurrency price in AUD