Bitcoin plummets nearly $10,000 after hitting a new high. What's happening in the market? Golden Finance: Hedging is key.

Bitcoin (BTC) risks a deeper pullback as technical breakdowns and whale activity align with bearish reversal patterns.Bitcoin has corrected nearly 8% from its all-time high above $124,500 set just four days ago, now trading at around $114,969. Analysts warn the flagship cryptocurrency may face further downside pressure after confirming a rising wedge breakdown on the daily chart.Technical Breakdown Points to $88K–$94KCrypto analyst Captain Faibik noted that Bitcoin has broken below the wedge’s support line, a classic bearish reversal pattern often preceding sharp declines.Immediate support: $110,000–$112,000Next zone: $105,000–$108,000Psychological level: $98,000–$100,000Full wedge breakdown target: As low as $88,000Losing the $110,000 range could accelerate selling pressure, pushing BTC toward deeper support levels by September.Double-Top Scenario Echoes 2021On the weekly chart, analysts at Swissblock flagged a potential double-top formation, similar to the 2021 cycle that triggered a 77% drawdown.Key level: $94,750 (50-day EMA support)Upside invalidation: Holding above the 50-day EMA and rebounding toward $125,000Failure to reclaim the upper wedge trendline may cement the bearish case, raising the likelihood of a deeper retracement.Whale Activity Adds Selling PressureOn-chain data from Glassnode shows significant whale distribution:Mega whale addresses (10,000+ BTC) have fallen to their lowest in 2025.1,000–10,000 BTC wallets are also declining, reflecting profit-taking.This sustained selling from top holders aligns with weakening technicals, adding weight to bearish targets.Macro Outlook: Fed Rate Cut May Offer ReliefUnlike 2021, when the Fed began tightening, this cycle could benefit from monetary easing. CME FedWatch data suggests a 25-basis-point cut in September, potentially boosting liquidity and offsetting near-term weakness.Some analysts still forecast BTC could reach $132,000–$170,000 in the coming months, provided liquidity conditions support risk assets, according to Cointelegraph.Key TakeawayBitcoin’s technical breakdown and whale-driven selling hint at potential downside toward $88K–$94K. However, a Fed rate cut and expanding money supply could sustain BTC’s long-term bullish trajectory, despite short-term volatility.

Charles O. Parks III, aka “CP3O,” oversaw a scheme that presented itself to cloud providers as an education platform while mining crypto. source: https://decrypt.co/335594/crypto-influencer-jailed-for-3-5m-cryptojacking-scheme

وسط زخم صعودى يتجه سعر صرف الجنيه الإسترليني مقابل الدولار الأمريكي (GBP/USD) نحو اختبار مستوى المقاومة 1. 3631. وحسب الاداء عبر منصات شركات التداول الموثوقة source: https://www.tradersup.com/%d8%aa%d8%ad%d9%84%d9%8a%d9%84%d8%a7%d8%aa-%d9%81%d9%86%d9%8a%d8%a9/%d8%aa%d8%ad%d9%84%d9%8a%d9%84-%d9%81%d9%86%d9%8a-%d8%a7%d9%84%d8%ac%d9%86%d9%8a%d9%87-%d8%a7%d9%84%d8%a5%d8%b3%d8%aa%d8%b1%d9%84%d9%8a%d9%86%d9%8a-%d8%a7%d9%84%d8%af%d9%88%d9%84%d8%a7%d8%b1-gbp-usd/%d9%81%d8%b1%d8%b5%d8%a9-%d8%a7%d9%84%d8%b5%d8%b9%d9%88%d8%af-%d9%84%d8%a7-%d8%aa%d8%b2%d8%a7%d9%84-%d8%a7%d9%84%d8%a7%d9%82%d9%88%d9%89/146540

Pi Network (PI) edges lower by over 1% at press time on Monday, shifting from a consolidation phase. The downside risk escalates as PI forms a falling channel, ignoring the announcement of Pi Hackathon 2025 and a moderator hinting at a potential second migration event. source: https://www.fxstreet.com/cryptocurrencies/news/pi-network-price-forecast-downside-risk-holds-even-as-pi-moderator-hints-at-second-migration-in-2025-202508180730

Key TakeawayThe launch of the LAYER HODLer Airdrop Round 3 underlines Binance’s commitment to providing value to its community. With another 6 million tokens scheduled for future distribution, BNB holders can expect continued benefits from participating in Binance’s airdrop programs.Binance has officially launched HODLer Airdrop Round 3, featuring Solayer (LAYER). As part of its rewards program for BNB holders, the exchange will distribute an additional 6 million LAYER tokens to eligible users.Solayer (LAYER) Airdrop DetailsToken Allocation: 6,000,000 LAYER in this roundEligibility Period: July 20, 2025 (08:00 GMT+8) – July 24, 2025 (07:59 GMT+8)Requirements: Users who subscribed BNB to Guaranteed Principal Earning (Fixed and/or Demand) or On-Chain Earning products during the eligibility periodDistribution Timeline: Rewards will be credited within 24 hours of this announcementFuture Allocation: Another 6,000,000 LAYER tokens will be distributed in a later round of HODLer AirdropsAbout Solayer (LAYER)Solayer (LAYER) is a blockchain ecosystem designed for layered scalability, enhanced security, and efficient transaction processing. Its inclusion in Binance’s HODLer Airdrops highlights the platform’s ongoing effort to support innovative projects while rewarding long-term BNB holders. 

XRP has lost an important support level, eyeing a further price drop, per analyst source: https://u.today/xrp-could-drop-to-2-analyst-explains-key-reason-behind-this

Dutch company Amdax will create AMBTC, a public company with the goal of acquiring at least 210K BTC. source: https://www.cryptopolitan.com/amdax-to-buy-1-of-the-btc-supply/

According to PANews, Amsterdam-based cryptocurrency service provider Amdax has announced its intention to establish a Bitcoin treasury company named AMBTS (Amsterdam Bitcoin Treasury Strategy) and list it on the Euronext exchange in the Netherlands. Amdax CEO Lucas Wensing stated that over 10% of Bitcoin's supply is currently held by corporations, governments, and institutions, indicating a ripe opportunity to advance strategic Bitcoin reserves through the company. Bitcoin has seen a 32% increase this year, reaching an all-time high, driven by positive regulatory developments and support from U.S. President Donald Trump. AMBTS aims to raise capital through private financing, with a long-term goal of holding at least 1% of the total Bitcoin supply.

Key TakeawayWith RWAs (Real World Assets) at the core of its design, Plume positions itself as a next-generation blockchain infrastructure project. Binance’s HODLer Airdrops initiative not only rewards BNB holders but also gives them early access to promising projects like PLUME.Binance has introduced Plume (PLUME), an EVM-compatible blockchain designed for Real World Assets (RWAs), as the 32nd project on the HODLer Airdrops page. Eligible Binance users will soon receive PLUME tokens via retroactive rewards, with spot trading scheduled to begin later today.PLUME HODLer AirdropsEligibility: Users who subscribed BNB to Simple Earn (Flexible or Locked) and/or On-Chain Yields products between July 24, 2025 (00:00 UTC) – July 27, 2025 (23:59 UTC).Airdrop Rewards: 150,000,000 PLUME (1.5% of total supply).Distribution: Tokens will be credited to users’ Spot Accounts at least 1 hour before trading.Additional Allocations:25M PLUME for marketing campaigns post-listing.100M PLUME scheduled for release 6 months later.HODLer Airdrops details will be available within 24 hours, with rewards distributed directly to eligible users.Plume (PLUME) Listing on BinanceListing Date: August 18, 2025 (15:00 UTC)Trading Pairs: PLUME/USDT, PLUME/USDC, PLUME/BNB, PLUME/FDUSD, PLUME/TRYSeed Tag: Applied to PLUMEDeposits Opened: August 18, 2025 (11:30 UTC)Circulating Supply at Listing: 2.65 billion PLUME (26.5% of total supply)Genesis & Max Supply: 10 billion PLUMESmart Contract Address: Ethereum (0x4C1746A800D224393fE2470C70A35717eD4eA5F1)Research Report: A full Binance Research Report on PLUME will be available within 48 hours.Transition from Binance AlphaPLUME (LINK) is currently tradable on Binance Alpha Market. However, once spot trading opens on Binance Spot, PLUME will no longer be displayed on Alpha, and its trading volume will not count toward Alpha Points.

Key TakeawayThe Mitosis Booster Program and TGE campaign provide Binance Wallet users with exclusive opportunities to earn rewards, complete quests, and subscribe early to the MITO token before public trading begins. With $1 million in rewards up for grabs, this marks one of Binance’s most significant community-driven initiatives for a new project in 2025.Binance has officially unveiled two exclusive events for the Mitosis (MITO) project within the Binance Wallet, giving users early access to rewards and subscription opportunities before the token becomes tradable.Mitosis (MITO) Booster ProgramSeason 1 Timeline: August 19, 2025 (00:00 UTC) – August 25, 2025 (23:59 UTC)Total Rewards: $1,000,000 worth of MITO tokens (5,000,000 MITO initially distributed at TGE)Eligibility: Open to all Binance Wallet (Keyless) users. No Alpha Points threshold required.Special Note: Simple Yield Mitosis USDT vault is available only for users outside the EEA.Reward ReleaseTokens will be distributed on the Token Generation Event (TGE) date.If the initial distribution does not reach $1M in value, additional MITO tokens will be airdropped on the second day of trading.Booster Program PhasesQuest Participation: Users interact with the project team and complete designated quests.Token Distribution: Rewards are distributed per the vesting schedule. Some tokens may be locked for a specified period.Reward Claiming & Trading: Once circulation begins and the lock-up ends, MITO tokens become tradable on Binance Alpha. Season 2 details will be revealed in a future announcement.Mitosis (MITO) TGE CampaignAlongside the Booster Program, Binance Wallet will host a Token Generation Event (TGE) campaign. Eligible users can subscribe to MITO tokens before they are listed for trading, securing early access to the project. 

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