Sonic&#8217;s price is likely to continue sliding in the coming weeks, as bearish technical indicators persist and momentum across its ecosystem slows down. Sonic (S) price fell 15% to an intraday low of $0.314 on June 13, down by over…

Sonic poised for deeper correction ahead despite a potential Coinbase listing

Bitcoin’s recent rally appears to have paused as the asset declined to just 
above $104,000 following a 2.1% drop over the past 24 hours. This latest 
movement signals a potential shift in short-term market momentum, with traders 
increasingly opting to exit positions. While the broader cryptocurrency market 
has experienced similar pullbacks, Bitcoin’s trajectory is attracting closer 
scrutiny due to its influence on overall sentiment and market structure. 
Analysts are looking into how external factors, particularly geopolitical 
developments, are impacting trading behavior. One such development is the 
reported military engagement between Israel and Iran on June 13, which 
triggered sell pressure across high-risk assets, including digital currencies. 
Amid these events, key metrics on Binance, particularly Net Taker Volume, are 
showing increased sell-side dominance, suggesting short-term volatility may 
continue. Related Reading: Bitcoin Nears All-Time High as Whale Behavior 
Suggests Further Upside Binance Net Taker Volume Hits Multi-Week Low Amid 
Bitcoin Panic Selling According to on-chain analyst Amr Taha on CryptoQuant’s 
QuickTake platform, Bitcoin’s Net Taker Volume on Binance fell to -$197 
million, the most negative reading since June 6. This metric, which compares 
aggressive selling to aggressive buying, indicates heightened urgency among 
traders to sell at market prices, bypassing limit orders. The seven-hour 
moving average (7HMA) has remained in negative territory since June 12, 
reinforcing the current downward pressure. Historically, such extremes in net 
taker volume have been linked to local price bottoms, as they often signal 
panic-induced capitulation by retail and overleveraged traders. Taha 
highlighted that a similar event occurred on June 6, followed by a 4% rebound 
in Bitcoin’s price within 24 hours. The implication is that, while aggressive 
selling may signal weakness, it also presents conditions that have previously 
preceded price reversals. Geopolitical Shock Triggers Liquidation Cascade, May 
Signal Local Bottom Taha also pointed to the geopolitical backdrop, 
specifically the sudden escalation between Israel and Iran, as a major 
catalyst for recent market behavior. News of the strike led to a surge in 
liquidation activity, especially among long-leveraged positions. The 
correlation between the timing of the conflict and the spike in Binance sell 
volume suggests that traders are reacting to broader market uncertainty, 
contributing to downward momentum. Related Reading: Bitcoin Funding Rate Flips 
Again And History Says A Rally Is Around The Corner Despite this, Taha still 
views these conditions as potentially bullish in the medium term. Heavy 
selling often flushes out weaker hands, creating opportunities for long-term 
holders or institutional participants to accumulate positions at lower prices. 
Taha suggests that while the short-term outlook remains volatile, the current 
setup resembles previous recovery phases, marked by contrarian buying and 
reduced selling pressure. Featured image created with DALL-e, Chart from 
TradingView

Bitcoin Drops Below $105K as Binance Net Taker Volume Turns Deep Red

Silver and platinum are exploding higher as investors rotate out of gold, 
triggering a powerful surge fueled by dollar weakness, soaring ETF inflows, 
and tightening industrial supply. Silver and Platinum Prices Soar With US Debt 
Mounting and Demand Tightening Silver and platinum rallied sharply in June as 
investors diversified away from gold amid rising concerns […]

Silver and Platinum Break out as Dollar Hedge Game Shifts

Coinbase’s CEO is driving urgent action behind two landmark crypto bills that 
promise regulatory clarity, investor protection, and explosive growth for 
America’s digital asset future. Coinbase Urges Legislative Action on 2 Crypto 
Bills: &#8217;52 Million American Crypto Owners Are Counting on It&#8217; Cryptocurrency 
exchange Coinbase (Nasdaq: COIN) renewed its call for Congress to establish 
clear […]

Coinbase Rallies Behind 2 Landmark Crypto Bills—52M US Owners Await Congress

Brewing tensions between Israel and Iran have triggered global de-risking 
across risk-on assets, including Bitcoin (BTC). The top cryptocurrency by 
market cap is down 1.7% over the past 24 hours. That said, technical 
indicators still point toward a potential new all-time high (ATH) for BTC in 
the coming months. Bitcoin Tracing The ABCD Pattern According to a recent post 
on X by crypto analyst Titan of Crypto, BTC appears to be following the ABCD 
pattern. The analyst noted that Bitcoin is currently trading within a wedge 
formation and could target as high as $137,000 if it breaks out. For the 
uninitiated, the ABCD pattern is a classic chart setup with four points and 
three legs &#8211; AB, BC, and CD &#8211; where AB and CD are typically equal in length, 
and BC serves as the retracement. It helps identify potential reversal zones 
and signals when a price move may be losing momentum. Related Reading: Bitcoin 
Sees Negative Funding On Binance – A Classic Setup For A Short Squeeze? 
Several other technical indicators also point to a potential new ATH for BTC. 
For instance, crypto analyst Crypto Caesar shared the following 4-hour Bitcoin 
chart highlighting a bullish double bottom pattern that suggests BTC is primed 
for recovery. Fellow crypto commentator Jelle identified a cup and handle 
pattern on the daily BTC chart. Jelle shared the following chart showing that 
BTC has already formed the &#8220;cup&#8221; and is now beginning to shape the &#8220;handle,&#8221; 
which typically precedes a sharp upward move. Meanwhile, crypto trader Merlijn 
the Trader pointed to the Hash Ribbons &#8211; an on-chain indicator historically 
associated with major rallies. Merlijn shared the following BTC daily chart, 
noting that the last four appearances of this signal preceded strong Bitcoin 
uptrends. To explain, Hash Ribbons is an on-chain indicator that uses 
Bitcoin’s 30-day and 60-day hash rate moving averages (MA) to spot miner 
capitulation and recovery. A bullish signal appears when the short-term 
average crosses above the long-term one. Are BTC Bears Regaining Ground? 
Although BTC remains above the psychologically important $100,000 mark, some 
concerning signs are beginning to emerge. The cryptocurrency was recently 
rejected from the $110,000 resistance level again, giving bears temporary 
control. Related Reading: Bitcoin’s Most Reliable Signal Just Flashed—Next 
Stop: $170,000 Similarly, on-chain data shows that long-term holders are 
beginning to exit the Bitcoin market which retail investors are starting to 
join in. Such dynamics are typically observed during the late phase of a bull 
cycle. In parallel, short-term holders are showing signs of declining 
confidence in BTC, as reflected in recent on-chain activity. At the time of 
writing, BTC trades at $105,568, down 1.7% over the past 24 hours. Featured 
image with Unsplash, charts from X and TradingView.com

Bitcoin Following ABCD Pattern? Analyst Sees Path To $137,000

Trump Media is unleashing a groundbreaking bitcoin treasury arsenal with SEC 
clearance, fueling an aggressive multi-billion-dollar expansion across 
fintech, media, and decentralized finance dominance. Trump Media’s Bitcoin 
Treasury Deal Turns Real as SEC Declares Filing Effective Trump Media and 
Technology Group Corp. (Nasdaq, NYSE Texas: DJT) announced June 13 that the 
U.S. Securities and Exchange […]