Increased activity across Bitcoin’s (BTC) futures markets is playing the dominant role in its short-term price action, which keeps tracing back to where leveraged positions are stacked. Prices tend to gravitate toward where liquidity is most concentrated, and as Bitcoin battles to hold above $64,000, reviewing current liquidation scenarios may provide insight into BTC’s next move. Liquidation heatmap data shows a cluster of short positions concentrated between $65,500 and $66,000, roughly 3% away from current market pricing. A push through $65,600 may put that shelf in play and could accelerate a larger rally toward $67,000.Below market pricing, support is layered in…

from the so-how-did-the-caving-work-out-for-you? dept A few weeks ago, David Lat went on the Serious Trouble podcast and mentioned that things actually hadn’t turned out that poorly for the craven big law firms that had caved to Donald Trump’s ridiculous attacks on any law firm he didn’t like. The law firms that fought back keep winning in court, as it’s obviously ridiculous and unconstitutional to punish law firms because you don’t like the clients they’ve defended. And, to some extent, Trump’s legal strategy has succeeded in creating a chilling effect. Lat had earlier reported how the Big Law firms are mostly…

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