Strykr Analysis
BearishStrykr Pulse 38/100. Macro shocks and security breaches are hammering crypto prices. Threat Level 5/5. High risk of further downside and volatility.
$BTC took a nosedive this weekend, breaching its long-term cost basis at $76,000. This isn’t your garden-variety crypto pullback. Japan’s bond market chaos has spilled over, threatening unprecedented Bitcoin liquidations as the era of free money ends. The easy yen funding trade that fueled risk assets for decades is unraveling, dragging crypto into the abyss.
Chainlink’s 22% sell-off below $11 and Solana’s $30 million DeFi breach that wiped out Step Finance’s treasury only add fuel to the fire. XRP’s volume surged 74% on the back of a $2.58 billion market crash, signaling frantic repositioning.
Veteran trader Peter Brandt’s call for a drop to $58,000 looks less like doom-mongering and more like a roadmap. The weekend’s liquidity reset is brutal but necessary. Strykr Pulse 38/100 warns bulls to brace for more pain before the dust settles. This is not a dip to buy blindly but a reset to respect.
Sources (5)
Bitcoin LTH Supply Rises Again Amid Bearish Market Dynamics
The Bitcoin market experienced a shockingly dramatic weekend, as opposed to the typical silent price action displayed in previous weekends. On Saturda
Chainlink slips below $11 after 22% sell-off – Can LINK bulls defend THIS zone?
As the market wobbled, Chainlink's breakdown exposed a clash between price damage and positioning.
Japan bond market chaos threatens to trigger unprecedented Bitcoin liquidations as the era of free money ends
Japan spent decades as the world's best destination for the world's easiest funding trade. You could borrow yen at very low rates, buy almost anything
Solana DeFi Breach Sees Step Finance Lose $30M as Treasury Wallets Exploited
Market reacts violently as the $STEP token drops over 80% after the treasury compromise
XRP Rockets 74% in Volume as Crypto Market Faces $2.58 Billion Crash
XRP has seen its trading volume jump over 74% as the broader crypto market fell significantly in early Sunday trading.