Bitcoin (BTC) has fallen 3% over the past 24 hours, trading into a dense buy-side liquidity zone after slipping below $61,000. More than $525 million in buy bids initially stacked between $60,500 and $61,500 created a key area of demand as liquidation risk builds on both sides of the market.BTC’s orderbook data shows concentrated liquidity pockets below $60,500 and near $65,000, placing liquidity flows at the center of Bitcoin’s short-term price action.Bitcoin momentum weakens below $63,000Bitcoin closed at $62,700 on Tuesday, its lowest daily candle close since June 10. The move also produced a bearish engulfing candle against Monday’s range,…

YZi rejected suggestions that the settlement amounts to a takeover, a person close to the settlement told CoinDesk in an interview, describing it instead as a governance reset intended to unlock shareholder value. The firm also stressed that Binance founder Changpeng “CZ” Zhao was not involved in the initiative.The investment firm was rebranded from the venture arm of crypto exchange Binance in 2024. Following Zhao’s release from prison that year, he took a more active role in venture project. YZI Labs is often referred to as Zhao’s family office – the name for an investment vehicle that manages a family’s…

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