On Saturday, Shiba Inu’s Layer 2 blockchain network, Shibarium, experienced a carefully planned attack on its bridge. But the team took a smart step to prevent the theft and announced that it had frozen 4.6 million BONE tokens. Attackers Borrow 4.6 Million BONE Tokens Shiba Inu developer, Kaal Dhairya, confirmed the news on his X …
The IMX price is gaining strong traction in Q3 as new integrations, high-profile partnerships, and a technical breakout converge to boost sentiment. While Web3 gaming demand accelerates across the broader market, the IMX price today is also pushing above key resistance on the price chart. MEXC Integration In August & Netmarble Partnership In September are …
The cryptocurrency market is heating up as Solana (SOL) approaches its previous all-time high of $265. With Bitcoin dominance breaking down for the first time in three years and the Altcoin Season Index surging to 78, analysts say the rotation into altcoins has officially begun. According to Michaël van de Poppe (Poppe): “This is the …
Binance has been turning heads lately as it gains momentum across the crypto market. With new partnerships, rising institutional adoption and treasury activity, it is showing strong growth and expanding its influence in both crypto and traditional finance. BNB Crosses $130B in Market Cap Binance Coin (BNB) has surpassed UBS (Union Bank of Switzerland) in …
A wallet tied to the $300 million Coinbase hack bought 3,976 Ether for $18.9 million, doubling down on ETH amid its recent push above the $4,700 level.
The world of cryptocurrency just welcomed another big moment as Gemini, the exchange led by Cameron and Tyler Winklevoss, made its debut on Nasdaq. The listing, under the ticker GEMI, raised $425 million and instantly positioned Gemini among the most prominent public crypto firms. Gemini’s Strong Debut on Nasdaq On its debut, Gemini priced its …
Recent developments in the derivatives market now threaten the long-term bullish potential of the altcoin market based on historical data. Despite recent gains and market indicators that signal the altseason may soon begin, investors could be looking at a rather short-lived euphoria. Over the last day, the crypto market has witnessed a strong bullish momentum with the total market cap reclaiming the $4 trillion mark. Amidst these high levels of positivity, Bitcoin has gained 1.50%. However, other cryptocurrencies such as Ethereum (5.41%), XRP (2.99%), and Solana (5.62%) have produced larger gains, creating a miniature semblance of an altseason. Related Reading: Crypto Analyst: Altcoin Charts Flash Rare 2021-Style Breakout Setup Altcoins Open Interest Surge Points To Incoming Market Peak – Analyst Notably, these altcoins’ outperformances have drawn significant interest from derivative traders, leading to a corresponding rise in open interest — the total number of outstanding derivative contracts, e.g, futures or options, that have not yet been settled, i.e., closed, exercised, or expired. In particular, renowned crypto analyst Ted Pillows states that general altcoin open interest (excluding Ethereum) is about to surpass Bitcoin open interest for the first time in nine months. While this development suggests an emerging altseason as capital and traders’ attention shift to the altcoin market, Pillows has highlighted a potential cause for concern. The crypto market expert shares that historical data from Coinalyze shows that the last two times altcoin open interest surged above that of Bitcoin were in March 2024 and December 2024. After each event, many altcoins popularly formed a local market peak in the following two weeks. Therefore, while the present market fundamentals indicate traders are on the brink of an altseason, Pillows’ revelation indicates it would be a brief parabolic market. However, the peculiarity of the present market cycle, which is largely driven by institutional demand, suggests that any correction could be shallower than in past cycles, with capital rotating more sustainably between Bitcoin and major altcoins. Notably, several altcoin spot ETFs are also expected to be approved for trading in October, which could provide a structural inflow of liquidity, extend the rally beyond a short-lived spike. Related Reading: Bitcoin Crawls Up On Weak Supply: 30D Momentum Reveals It Lacks Real Demand Biggest Altseason Ever? In other news, Dutch crypto analyst Michaël Van De Poppe has admonished investors to prepare for the biggest altcoin run ever. Interestingly, Van de Poppe references an ongoing consolidation in the Gold market, which is expected to drive down interest rates. In typical fashion, lower interest rates would allow investors to divert capital to high-risk assets such as cryptocurrencies, which Van De Poppe explains would contribute to fuelling a mega altcoin rally. At press time, the total altcoin market is valued at $1.71 trillion, representing around 42.25% of the total crypto market cap. Featured image from InvestX, chart from Tradingview
The cryptocurrency market is on fire once again, with Bitcoin, Ethereum, and major altcoins driving a new wave of optimism. Analysts believe this is only the beginning of a broader macro altcoin expansion that could see Bitcoin eventually trade at $1 million per coin. Crypto Market Hits Highest Daily Close of 2025 The altcoin market …
Froged faced memcoin Pepe Coin (PEPE) is making waves again, soaring 16% to trade near $0.00001225 today. On-chain data shows major whale activity, signaling strong accumulation and drawing new traders’ attention. This surge positions PEPE as a standout performer among meme coins, attracting both retail and institutional interest in the growing altcoin rally. PEPE Whale …
Solana (SOL) could be near the long-awaited price discovery phase after climbing to a seven-month high. However, an analyst suggested investors remain cautious, as the market rally is “closer to the end than the beginning.” Related Reading: Avalanche (AVAX) Hits 7-Month High After Key Resistance Breakout – Analysts Eyes $40 Next Solana Eyes Last Major Resistance On Friday, Solana reached a seven-month high of $241.84 after breaking out of its consolidation range earlier in the week. The cryptocurrency had been trading within the $120-$220 price range since the start of February, failing to reclaim the range’s high during the recent short-term recoveries. The ongoing rally has sent the cryptocurrency past multiple crucial barriers, “getting close to the final resistance,” analyst Crypto Jelle stated. He highlighted that SOL has been “quietly pushing higher, without anyone paying attention,” climbing 20% since Sunday. Now that the altcoin is attempting to reclaim the $240 area as support, the analyst pointed out that Solana has “one last hurdle to overcome” before price discovery. According to the post, if SOL reclaims the $250 level, “the sky is the limit,” as this area has been a crucial macro resistance level over the past two years. To the analyst, turning this level into support could set the base for a rally to $600. Similarly, analyst Ali Martinez suggested that SOL’s main target sits at around the $1,314.41 level after the altcoin broke out of a massive three-year cup and handle pattern. Nonetheless, Altcoin Sherpa issued a warning to investors on X, stating that “Now is NOT the time to ape in gigantic.” He asserted that despite thinking that Solana, Ethereum (ETH), and BNB “generally go higher from here, (…) the bulk of the move is done for these.” The analyst explained that he will remain bullish “until shown otherwise,” and expects a great performance in the coming months, but noted that the bull run is “closer to the end than the beginning.” “We are lucky that the marginal buyers are Tradfi with these DATs but with Saylor not buying as much, hard to tell where the next set of flows come from,” he stated. ‘SOL Season’ Momentum Grows Bitwise’s CIO Matt Hougan recently forecasted a bullish Q4 rally for Solana, affirming that the cryptocurrency has “all the ingredients (…) for an epic end-of-year run.” He suggested that it could start a “Solana Season” fueled by exchange-traded funds (ETFs) and strong corporate treasury purchases. Notably, multiple spot Solana ETFs are awaiting the approval of the US Securities and Exchange Commission (SEC) after the regulatory agency delayed the decision deadline last month. As a result, issuers and investors are expecting a positive outcome around the first half of October. Additionally, the recently launched Solana Treasury company, Forward Industries Inc., announced it had successfully closed its private investment in public equity (PIPE) financing on September 11, securing gross proceeds of approximately $1.65 billion for the Company. As reported by NewsBTC, Galaxy Digital, Jump Crypto, and Multicoin Capital announced their plan to establish the SOL treasury company to purchase the cryptocurrency, stake it, and generate excess returns. Related Reading: Bitcoin Breakdown Averted? Analyst Says This Level Will Determine BTC’s Fate “Forward Industries intends to use the net proceeds from the offering primarily to purchase SOL, the native digital asset of the Solana blockchain,” the company reaffirmed in its Thursday statement. As of this writing, SOL is trading at $239.86, a 6.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin hasn’t been moving much lately, and some investors worry it is falling behind. But Arthur Hayes, the co-founder of BitMEX, says it’s actually leading the pack. In an interview with Kyle Chasse, a veteran Bitcoin and Web3 entrepreneur, Hayes asked the investors to stay patient with Bitcoin, even as stocks and gold hit record …
OpenAI’s latest update to ChatGPT was meant to make the AI assistant more useful by connecting it directly to apps like Gmail, Calendar, and Notion. Instead, it has exposed a serious security risk – one that has caught the attention of Ethereum’s Vitalik Buterin. You don’t want to miss this… read on. A Calendar Invite …
Bitcoin (BTC) has extended, surging to a three-week high of $115,500, fueled by softer U.S. inflation data and steady inflows into Bitcoin ETFs. The rally coincided with growing investor optimism that the Federal Reserve may deliver a 25 basis-point rate cut next week, further boosting risk appetite. Related Reading: Dogecoin RSI Signal Returns—Last Time It Sparked A 1,700% Rally According to CoinMarketCap data, Ethereum (ETH) also gained ground, trading above $4,550, while altcoins like Solana (SOL) and Dogecoin (DOGE) recorded sharp increases. Solana climbed over 7% to $239, while Dogecoin rose 5% to $0.26, signaling broad-based strength across the crypto market. BTC's price trends to the upside on the daily chart. Source: BTCUSD on Tradingview Market analysts credited the upward move to different macroeconomic stability and institutional inflows. Bitcoin ETFs registered more than $928 million in inflows, reinforcing demand from both retail and professional investors. Resistance Near $116K Raises Concerns Despite the bullish wave, Bitcoin faced resistance above $116,000, where sellers limited further gains. Analysts noted that rejection at this level emphasizes ongoing market caution. It is believed that the rally indicates renewed sentiment, but the rejection above $116,000 shows that sellers continue to be active. Derivatives data echoed this caution. The weekly options expiry revealed a put/call ratio of 1.3, signaling that bearish bets slightly outweigh bullish positions. This trend suggests traders expect Bitcoin to remain range-bound, with probable moves limited between $111,000 and $116,000. Meanwhile, CryptoQuant’s Bull Score Index showed that most market indicators, including the MVRV-Z score and stablecoin liquidity, have turned bearish. Analysts warn that a sudden shift in sentiment could trigger profit-taking and liquidations. What’s Next for Bitcoin (BTC)? If Bitcoin achieves a sustained breakout above $116,000, analysts believe the next target could be $118,000, with strong support around $113,700. However, volatility remains a risk as traders wait for the Fed’s upcoming interest rate decision. Adding to the positive outlook, Sean Ono Lennon, son of music legend John Lennon, recently praised Bitcoin as a hedge against “runaway money printing,” emphasizing its appeal as a scarce, decentralized asset during times of economic uncertainty. Related Reading: XRP Price Gets Tighter: Here’s The Level Keeping It From Price Discovery For now, Bitcoin’s uptrend remains steady, but looming bearish signals and resistance levels could challenge the strength of the rally in the coming days, possibly leading to another dip below $110,000. Cover image from ChatGPT, BTCUSD on Tradingview
U.S. SEC Chair Paul Atkins used an OECD speech in Paris to outline Project Crypto, promising clear rules for digital assets and urging global cooperation.
Ethereum co-founder Vitalik Buterin warned that naive AI governance is vulnerable to exploits, like jailbreak prompts used to divert funds. He supports an info finance model where open markets allow multiple AI models, combined with human spot checks and jury reviews, to ensure diversity and faster problem solving. This approach reduces risks and improves security …
Recently, the Cook vs Trump legal battle took a turn when the Federal Reserve governor presented evidence. Lisa Cook declared in financial forms that her Atlanta property would be used as a “vacation home” and not her primary residence. This statement clearly dismisses President Trump’s allegations of “mortgage fraud.” Cook Declares Atlanta Property Vacation Home …
A cryptocurrency analyst has pointed out how Solana may be moving toward a sky-high main target based on a cup-and-handle breakout. Solana Is Breaking Out Of A Cup And Handle In a new post on X, analyst Ali Martinez has shared a pattern that the 1-week price of SOL has appeared to have been following during the last few years. The pattern in question is a “cup and handle” from technical analysis (TA). It’s made up of two parts: a U-shaped trendline forming the “cup” and a downward parallel channel representing the “handle.” As the asset moves through the pattern, it first goes through a decline to a low, then observes a rebound back to about the same height as before the drawdown. Finally, it once again witnesses a bearish trajectory, this time one consistent with a descending channel. When the price is inside the channel, the usual rules of the formation apply: the upper line acts as a resistance barrier, while the lower one provides support. A break out of the levels can imply a continuation of trend in that direction. Related Reading: Litecoin Surges As Whales Scoop Up 181,000 LTC A cup and handle is generally assumed to be a bullish continuation pattern, meaning that breakouts can be considered more probable to occur in the up direction. The same seems to have held true for Solana as well, as its 1-week price has just seen a surge beyond the resistance line of its multi-year cup and handle pattern. As displayed in the above graph, the weekly Solana price went down and up along a cup between 2021 and 2024, but this year, it entered into the handle or downward consolidation phase. After some period of stay inside the zone, the coin finally found a break away from it in July. This escape from the descending channel occurred with an upward surge, a potential sign that sustained bullish momentum may be coming for SOL, if the pattern is anything to go by. As for what could be a potential target for the cryptocurrency’s price, the analyst has suggested a rather bold one: $1,314.41. The target corresponds to a line from Fibonacci Extension levels. Fibonacci Extension levels are drawn on an asset’s price chart starting from a bottom point. Martinez has taken SOL’s cup low as the zero level. Each successive level corresponds to some percentage extension from this bottom, equal to a ratio from the popular Fibonacci series. Related Reading: Dogecoin To $0.50? This Channel Break Could Be The Catalyst The 1.414 Fibonacci Extension level lies at $1,314.41 for Solana right now. It now remains to be seen whether the coin will eventually surge to this mark, or if the breakout will fizzle out. SOL Price Solana has performed better than most top coins over the past week as its price has surged by more than 17%, reaching the $238 mark. Featured image from Dall-E, charts from TradingView.com
Spot Bitcoin ETFs pulled in $642 million and Ether ETFs added $405 million on Friday amid renewed institutional demand.
Prenetics' Bitcoin strategy may influence other firms to adopt similar treasury diversification, potentially impacting cryptocurrency markets.
The post Prenetics now holds 228 BTC and buys 1 BTC daily appeared first on Crypto Briefing.
The momentum for a Strategic Bitcoin Reserve in the U.S. is fast becoming reality, backed by hard numbers, new legislation, and concrete progress in both Congress and the Treasury. Alex Thorn, head of research at Galaxy Digital, says there’s a strong chance the U.S. could create a Strategic Bitcoin Reserve this year. Here’s how the …
The surge in active addresses and DEX fees on OKX's X Layer highlights its growing influence and competitiveness in the blockchain ecosystem.
The post OKX X Layer hits record 71,400 active addresses and tops $1M in DEX fees, second only to BNB Chain appeared first on Crypto Briefing.
Dogecoin price gains traction as bulls push the price toward the psychological $0.30 level, sparking fresh optimism in the crypto market. The meme-coin leader has shown strong resilience in recent sessions, attracting renewed retail and whale interest. With momentum building, analysts expect DOGE to attempt a breakout above $0.30, potentially opening the doors to $0.35 …
Bitcoin (BTC) has surged from around $108,000 on September 1 to above $115,000 at the time of writing – recording a gain of roughly 4% over the past two weeks. However, fresh on-chain data suggests that Bitcoin may be on the cusp of a fresh rally that could propel it to new all-time highs (ATH). Bitcoin Rises Above Mid-Term Holders’ Realized Price According to a CryptoQuant Quicktake post by contributor ShayanMarkets, Bitcoin’s recent rebound from $107,000 to just above $114,000 has lifted the digital asset over the Realized Price of mid-term (3-6 months) holders. Related Reading: Bitcoin Miners Shift Strategy: Accumulation Over Selling Signals Stronger Bull Cycle For the uninitiated, the mid-term holders’ Realized Price is the average acquisition cost of Bitcoin held by wallets that last moved their coins within the past 3–6 months. It serves as a key pivot level, often acting as support or resistance that reflects sentiment and potential sell pressure from this cohort. Per analysis by ShayanMarkets, the mid-term holders’ Realized Price currently stands at around $114,000. Now that BTC has surged above this level, the likelihood of an immediate sell-off has reduced significantly. The analyst added: A firm breakout and hold above this level would confirm renewed confidence from mid-term holders, potentially serving as the launchpad for another bullish leg that could propel Bitcoin to new all-time highs. Conversely, failure to hold above $114K risks shifting sentiment back toward caution and opens the path to deeper corrective moves. A Bump On The Road For BTC Fellow CryptoQuant contributor Gaah brought attention to short-term holders’ (STH) Spent Output Profit Ratio (SOPR), normalized with a 30-day moving average. The contributor noted that after four months of consistently operating above the break-even line, the indicator is now showing that STH are selling their holdings at a loss. Related Reading: Bitcoin Holds $112,000 Support As Binance Whale Activity Cools Off – What’s Ahead? The STH selling their BTC at a loss indicates a “momentary loss of confidence” on the part of speculators, who are typically more sensitive to changes in price. Although BTC has jumped from $60,000 to as high as $125,000 over the past year, the SOPR STH has recorded descending peaks. In past cycles, a sharp surge in price was usually accompanied by peaks in the Extreme Greed region, suggesting strong retail participation. However, the current market cycle did not see any such dynamic at play, hinting that the rise in price was likely sustained by institutional investors. Gaah added that historically, market tops have only been confirmed when SOPR STH levels reached levels of extreme greed, a development that has not yet occurred in the current rally. As a result, the long-term trend remains firm, and the current realization of losses may just be a temporary healthy pullback. That said, some analysts caution that Bitcoin may already be very close to hitting its peak for this market cycle. Others predict that BTC may slump in September, before it resumes its bullish trajectory in Q4 2025. Still, some analysts forecast Bitcoin reaching as high as $150,000 by Christmas. At press time, BTC trades at $115,050, up 0.7% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
On September 12th, OKX’s blockchain, X Layer, reached a record 71,400 active addresses, pushing the total addresses to over 4 million. The network has generated nearly $1 million in fees for the OKX DEX, making it the second-highest fee earner among EVM networks after BNB Chain. This milestone highlights the growing adoption and activity on …
On September 12, spot Bitcoin ETFs recorded the fifth consecutive day of inflows with $642 million. Ethereum spot ETFs saw a total net inflow of $406 million on their fourth consecutive day, reported by SoSoValue. Bitcoin ETF Breakdown Bitcoin spot ETFs saw a net inflow of $642.35 million, led by Fidelity FBTC’s $315.18 million. BlackRock …
Chainlink (LINK), one of the crypto market’s leading providers of decentralized oracle solutions, has announced a partnership with the prediction market platform Polymarket. Polymarket Integrates Chainlink On Polygon According to Friday’s announcement, the new integration is now live on the Polygon (POL) mainnet, enabling Polymarket to establish secure and real-time prediction markets centered around asset pricing, including numerous active cryptocurrency trading pairs. This collaboration also explores new methodologies to address more subjective questions. By doing so, Polymarket seeks to reduce its dependence on social voting mechanisms, thereby mitigating resolution risks in its markets. Related Reading: Bitcoin Crawls Up On Weak Supply: 30D Momentum Reveals It Lacks Real Demand The integration combines Chainlink Data Streams, which deliver low-latency, timestamped, and verifiable oracle reports, with Chainlink Automation, ensuring timely and automated on-chain market settlements. This infrastructure reportedly allows for swift resolution of any asset pricing predictions, such as Bitcoin (BTC) price forecasts, based on predetermined parameters. Sergey Nazarov, Co-Founder of Chainlink, commented on the partnership, stating that Polymarket’s decision to integrate Chainlink’s oracle infrastructure is a “pivotal milestone” that transforms the creation and settlement of prediction markets. He emphasized that when outcomes are determined by high-quality data and tamper-proof computation, prediction markets evolve into reliable signals that can be trusted globally. This partnership is viewed as a significant advancement toward a future grounded in cryptographic truth. $100 Billion In DeFi Value Chainlink has established itself as a leading data infrastructure provider, securing nearly $100 billion in total value across various decentralized finance (DeFi) applications and facilitating transactions worth tens of trillions. The protocol’s reliability stems from its decentralized network of independent node operators, which ensures that applications function seamlessly without single points of failure. Polymarket, on the other hand, launched in 2020, has rapidly grown into a source for real-time information. Its recent acquisition of QCEX, a CFTC-licensed exchange and clearinghouse for $112 million, highlights its goal to re-entering the US market. Additionally, Polymarket has partnered with X (formerly Twitter) to offer integrated products that provide users with data-driven insights and personalized market recommendations. Related Reading: XRP Price Gets Tighter: Here’s The Level Keeping It From Price Discovery Looking ahead, market analysts are predicting that Chainlink’s growing adoption could lead to significant milestones in the coming years. One expert speculated that by 2030, Chainlink could surpass XRP in market significance. In a social media post, crypto expert Fishy Catfish outlined various predictions, suggesting that Chainlink will become the dominant platform for building financial workflows on-chain and that the future will be characterized by asset-centric and application-centric ecosystems rather than chain-centric ones. When writing, Chainlink’s native token, LINK, surged by 5%, reaching $24.70. This price increase has caused the cryptocurrency to outperform its peers, such as Bitcoin, which has seen gains of 87% compared to LINK’s 133% year-to-date uptrend. Featured image from DALL-E, chart from TradingView.com
Solana (SOL) has been on a remarkable run lately, catching the attention of both retail traders and big institutions. Over the past week alone, the token has gained 20%, now trading close to $243. With momentum building, many are asking the big question: could Solana really be on its way to $1,300? Institutional Going For …
Hifi Finance crypto (HIFI) is surprising traders with a massive rebound, posting triple-digit gains just a week after Binance announced its delisting. Yesterday, Binance announced its intention to delist $HIFI on Sept 17, 2025.This is a difficult setback for our community; however, our team will remain focused on supporting and maintaining key infrastructure.Read our full …
Galaxy Digital’s Alex Thorn says the market is "underpricing" the odds of a US Strategic Bitcoin Reserve forming this year, though others are skeptical.
Bitcoin’s current rebound off the $107,200 low has sparked renewed debate over whether the market has already set its local bottom and is positioned to rally higher.. Independent analyst Astronomer (@astronomer_zero) argues that the probability is “90%+” that the low has been planted, citing both price structure and his recurring “FOMC reversal confluence” framework as confirmation. Analyst Claims 90% Chance The Bitcoin Bottom Is In Astronomer, who publicly documented his short-term bearish call from $123,000 down to the $110,000–$111,000 zone, revealed that he flipped long as the target was reached in late August. “Alright, as if the confluences of my confidence in the bottom being in the $110k area at the end of August weren’t strong enough … there now is another confluence lining up,” he wrote. According to him, the Federal Reserve’s policy meeting cycle has historically functioned as a turning point for Bitcoin trends. Related Reading: Countdown To Fed: Rate Decision Could Trigger Bitcoin Breakout He explained: “The FOMC meeting data reverses the ongoing trend at minimum 0 bars (on the date), or 6 bars at most before the date, and it has done that correctly 90%+ of the times. The few times it hasn’t, was because our quarterly long took over (which has more power).” In practice, Astronomer argues, markets front-run the event, as insiders and well-capitalized players set the post-FOMC direction before retail sentiment digests the outcome. With the next FOMC scheduled for September 18, he contends the downtrend from $123,000 to $110,000 already exhausted itself ahead of schedule. “Now with FOMC coming up … the low is likely already planted, and the trend reversed to up again,” he said. The analyst contrasted his methodology with the broader crypto commentary ecosystem, where many influencers continue to forecast further downside and a “red September.” He called such views “utter nonsense” rooted in surface-level seasonality. “Every time it does work, it plants its bottom before the actual meeting to front run the anticipation … insiders already have set the post FOMC price direction, regardless of the outcome,” he wrote, stressing that relying on generic “be careful” warnings ahead of central bank events misses the structural shift. Related Reading: This Bitcoin Cycle Changes Everything, Real Vision Analyst Explains Why After his long entry at $110,000, Bitcoin has since climbed above $115,000, prompting Astronomer to declare September’s bearish thesis already invalid. “ September will close green. Yup, Septembears officially 6% in the wrong now. As September opened at 108,299, and price is now at 115,000. That puts September in the upper historical quartile of how green it is at the moment,” he noted. He further pointed to the last two years as evidence that September’s reputation as a seasonally weak month for Bitcoin has lost statistical edge. “A certain month indeed doesn’t have to be green. ‘Seasonality’ is just a cookie cutter version of properly using cycles. Look at last two years, September has also been green and mean to the bears,” he wrote. For Astronomer, the conclusion is clear: “When many confluences point in the same direction, it usually means you have solved the rubik’s cube correctly and so can confidently believe.” Still, he tempered the conviction with risk management discipline, stating: “Of course, I could always be wrong, although it has been a long time we lost a trade, never go all in. Take a decent size risk and sleep sound.” With Bitcoin holding above $115,000 and the FOMC meeting days away, the market’s near-term verdict on whether a sustainable bottom has formed may arrive sooner rather than later. Featured image created with DALL.E, chart from TradingView.com