Bitcoin Drops Below $66K, Power Law Hits 4.4% Floor
The Power Law Oscillator reading of 4.4% puts BTC at a discount last seen at the March 2020 crash and the FTX collapse — both preceded major rebounds.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The Power Law Oscillator reading of 4.4% puts BTC at a discount last seen at the March 2020 crash and the FTX collapse — both preceded major rebounds.
A consortium of the three largest US card networks and Coinbase would compress years of separate stablecoin acquisitions into one shared settlement rail — the most concrete sign yet that Wall…
The momentum gauge has marked every major bottom since August 2024, but Monarq and QCP both warn that weakening institutional bids and Fed-rate fears could drag BTC to $60K — or below.
A long-time crypto YouTuber says the post-QT dip has dragged sentiment past pain into numbness — even as he frames the macro setup, from copper/gold to the Clarity Act, as the strongest in years.
The bank keeps its $ETH year-end target and flags a structural ETH/BTC rotation thesis, even as spot prices stay heavy and the ratio trades near multi-year lows.
The bounce is shallow and the $60K level is the trip-wire: a break there likely cascades liquidations toward $54K, while BTC's record futures OI signals the bearish side hasn't crowded yet.
The FCA's letters to clubs put OKX's Manchester City sleeve deal — and any future deals with unregistered firms — directly in scope for financial-promotion enforcement.
The model pegs a clean technical trigger ($1.35 into support) and a hard bear floor ($1.15–$1.18) — and lands that against an XRP weekly close that just wicked below $1.20 before recovering.
The vulnerability lives on a single chip inside Trezor's new Safe 7, but the device's multi-layer architecture means attackers would still need physical access, lab equipment and deep expertise —…
The chip is a research milestone, not a market event — but the framing matters because quantum risk is now being named at the chip-launch stage, not only on crypto Twitter.
The options market is now pricing protection down to $50,000 — a level that looked distant a week ago — as Strategy's first BTC sale in years collides with $4B in ETF outflows.
A direct hit on a Gulf oil-state airport and an attack on the world's most critical chokepoint for seaborne crude have forced a global risk-off flush, with Bitcoin gapping toward key support as crude…
April logged breaches on 27 of 30 days and North Korea drained nearly $600M from Drift and Kelp — the executives on stage in Paris said the bridge problem alone is keeping institutional capital on…
A 2030 $1M price target frames the call as a structural allocation argument — Armstrong ties the thesis to ETF flows, institutional adoption, and what he sees as geopolitical tail risk that fiat…
The 32 BTC MicroStrategy sold is rounding error against a $1.85B cascade — the real driver is leverage, not the issuer's first sale in three years.
Twelve straight days of BTC ETF outflows and a 16-day ETH streak signal persistent institutional de-risking, not a one-day repositioning.
It's not price action driving the call — it's the structural story stack: faded narratives, capital siphoned by AI, and DAT firms flipping from buyers to sellers.
Jenny Johnson framed the industry's slow public-chain adoption as a fight over who collects the transaction toll — and cited her own tokenized money market fund Benji as proof the cost math is…
The liquidation cascade is the headline, but the extreme-fear sentiment print and the persistence of spot BTC ETF outflows suggest the flush hasn't fully cleared the weak hands yet.
The odds — 66% under $55K, 50% under $50K, 31% under $40K on Kalshi — reflect $3.4B in U.S. spot ETF outflows this May-and-June and a rotation toward AI equities, with capital parking in stablecoins…
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Bitcoin Drops Below $66K, Power Law Hits 4.4% Floor" — read at /en-US/a/btc-hits-power-law-low-last-seen-at-ftx-collapse-rebound.