Bitcoin’s recent surge resulted in significant liquidations, with more than $1.09 billion in short contracts wiped out within a 24-hour period. Bitcoin Rally Triggers Liquidations Bitcoin’s rally to a new all-time high of over $118,000 triggered a massive wave of liquidations, wiping out more than $1.11 billion in short contracts in a single 24-hour period […]

Bitcoin Rally to $118K Wipes out Over $1 Billion in Short Bets

Pi Network price remained in a tight range this week, even as Bitcoin and 
other altcoins surged. Pi Coin (PI) was trading at $0.4900 on Friday, July 11, 
a few points above this week’s low of $0.4530. Still, there are…

Here’s why Pi Network price is primed for a short squeeze

Polkadot has broken out of a multi-week resistance with a bullish engulfing 
candle, sparking speculation of a structural shift. However, the breakout 
remains in progress, and confirmation hinges on DOT holding above $3.75, a 
zone of high technical confluence. After…

Polkadot price analysis: DOT breaks historical resistance, eyes run to $7.00

Bitcoin has officially broken through its previous all-time high of $112,000, 
surging to $118,000 just hours ago and entering uncharted territory for the 
first time since late May. The breakout confirms bullish momentum after weeks 
of consolidation and failed attempts, with price action now showing clear 
strength. With the psychological and technical barrier of $112K cleared, many 
analysts believe this move could mark the beginning of Bitcoin’s next 
expansive rally. Related Reading: Altcoins Jump Off Critical Support Level – 
Relief Or Reversal? Bulls are firmly in control, and on-chain metrics support 
this breakout narrative. According to fresh data from CryptoQuant, the MVRV 
(Market Value to Realized Value) Extreme Deviation Pricing Bands currently 
stand at 2.25. Historically, Bitcoin enters the overheated zone around 3.0 or 
higher, suggesting there is still room for growth before reaching excessive 
valuation territory. This metric, which measures the deviation between market 
price and realized value, helps identify when BTC is overbought or undervalued 
relative to past performance. At current levels, the data points to continued 
upside potential without major overheating concerns, fueling confidence that 
this breakout could extend further. Bitcoin Enters Expansion Phase As Market 
Eyes $130K After weeks of tight consolidation below the $110,000 mark, Bitcoin 
has finally broken out, signaling the start of a new market phase. The 
breakout above previous highs has reignited investor optimism, not only for 
BTC but also for the broader altcoin market, with many altcoins now pushing 
above key resistance levels for the first time in months. This move comes amid 
growing anticipation of a weakening US dollar and renewed inflationary 
pressures as Washington adopts looser fiscal policies. The market is 
increasingly pricing in the effects of tax cuts, high government spending, and 
dovish political rhetoric—all of which create a favorable environment for risk 
assets like Bitcoin. Still, the macro backdrop is not without risks. US 
Treasury yields remain elevated, flashing warnings of underlying systemic 
stress in credit markets. This tension underscores the fragility of the 
current rally and the importance of monitoring fundamental shifts. Top analyst 
Axel Adler shared insights using the MVRV oscillator, a model that compares 
Bitcoin’s market value to its realized value. According to Adler, historical 
data over the last four years suggests that when MVRV reaches 2.75, Bitcoin 
tends to face its first wave of meaningful selling pressure. If the same 
pattern holds true in this cycle, Bitcoin could reach approximately $130,900 
before seeing notable profit-taking activity. While the current MVRV reading 
remains below that threshold, the model offers a clear signal of where long- 
term holders may begin offloading. Until then, the breakout sets the stage for 
a potential leg higher, with bulls now in control, pushing toward price 
discovery and a possible test of the $130K zone. Related Reading: Ethereum 
Back At Range Highs: Breakout Above $2,800 Could Ignite Altseason BTC Enters 
Uncharted Territory With Strong Momentum Bitcoin has officially broken into 
price discovery after blasting through its all-time high resistance near 
$112,000. The 3-day chart shows a massive bullish candle pushing BTC up to 
$118,683, representing an 8.94% gain in the last session. This breakout is the 
first clear sign of a strong bullish continuation after weeks of sideways 
consolidation below key resistance. The chart highlights a textbook breakout 
structure. BTC respected the $103,600 and $109,300 support zones multiple 
times throughout May and June before finally gaining enough momentum to pierce 
through the upper resistance. The recent surge came with a noticeable spike in 
volume, adding confidence to the breakout’s sustainability. Moving averages 
also confirm the bullish trend. The 50, 100, and 200 SMA lines remain aligned 
upward with increasing separation, suggesting that market structure remains 
strong and trend continuation is likely. Bitcoin is now trading well above all 
major moving averages, reinforcing the strength of the rally. Related Reading: 
Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape With no 
historical resistance levels above, BTC enters a price discovery phase. The 
next psychological target for bulls will likely be $120,000, followed by the 
MVRV-based resistance level around $130,900. As long as BTC holds above $112K, 
the momentum remains decisively in favor of the bulls. Featured image from 
Dall-E, chart from TradingView

Bitcoin MVRV Oscillator Predicts First Sell Pressure Level At $130,900 – Details

The cyber attacker who looted millions from GMX’s V1 GLP pool earlier this 
week has turned a new leaf, and the stolen funds are now making their way 
back. According to on-chain movements flagged by PeckShield Alert, the GMX 
hacker…

GMX hacker returns stolen funds after bounty negotiation

A case from Australia saw 15 victims lose $2.5 million. Scammers target the 
elderly.