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Nhà cung cấp dịch vụ SWIFT Bottomline thông báo hợp tác với dự án cơ sở hạ tầng blockchain Chainlink, để kết nối hơn 600 khách hàng ngân hàng trong mạng lưới của họ với thanh toán xuyên biên giới dựa trên blockchain. Bottomline xử lý số tiền thanh toán vượt quá 16 triệu tỷ đô la mỗi năm và phục vụ 1.200 tổ chức tài chính cùng 10.000 doanh nghiệp.Thông qua việc tích hợp này, các ngân hàng có thể tiếp tục sử dụng tiêu chuẩn ISO 20022 để gửi lệnh thanh toán, với cơ sở hạ tầng Chainlink kết nối lệnh đến thanh toán blockchain. Giao thức tương tác chuỗi chéo CCIP của Chainlink hỗ trợ việc chuyển giao giá trị token hóa giữa các mạng blockchain khác nhau, môi trường thực thi Chainlink CRE chịu trách nhiệm cho quy trình thanh toán, định tuyến giao dịch và điều phối thay đổi hoạt động.CCIP đã bắt đầu ghi lại hoạt động trên mạng chính từ tháng 7 năm 2023, hiện đã kết nối hơn 60 mạng blockchain. Dự án Pangea của Chainlink đã bao phủ hơn 50 tổ chức ngân hàng ở châu Âu và Hàn Quốc, tổng số bên tham gia quản lý tài sản vượt quá 10 triệu tỷ đô la, mục tiêu của dự án bao gồm việc thực hiện thanh toán T+0 cho giao dịch ngoại hối.

Gold supporter and long-time Bitcoin critic Peter Schiff recently stated that he believes there is excessive optimism in the current Bitcoin market, and that it is still a long way from truly bottoming out. Schiff predicts that if Bitcoin falls below the $50,000 mark, the price could quickly drop further to below $20,000, shaking the confidence of long-term holders (HODLers) and triggering a larger-scale sell-off.Schiff also mentioned that the market needs to pay attention to whether a decline in Bitcoin will become a precursor to a broader adjustment in risk assets. If a Bitcoin crash is limited to the crypto market, it may be due to factors within the industry itself; however, if it simultaneously affects stocks and other risk assets, it could indicate that deeper macro risks are accumulating.He further pointed out that in such a scenario, investors may turn back to gold, cash, and other traditional safe-haven assets, seeking higher security and certainty.

Famous trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, stated yesterday that Bitcoin is currently forming an expanding triangle pattern, which is relatively common and usually reliable in Bitcoin's history, with a target based on projecting the height of the pattern from the breakout point.According to the measurement rules for the expanding triangle: Target = height of the pattern projected downward from the breakout point. The attached diagram shows a widening triangle (with the upper and lower bounds gradually diverging). The breakout point is roughly around $74,000 (marked as 74,395 in the diagram), and after projecting the height of the pattern (from the highest point to the lowest point of the widest part of the triangle), the arrow points to the area around $56,000.

Tom Lee stated that the recent market anxiety, including the slight sale of Bitcoin by Strategy, is typical bottoming behavior rather than a deep-seated crisis. Michael Saylor sold 32 Bitcoins at an average price of $77,135, raising approximately $2.5 million to pay preferred stock dividends. This sale accounted for only 0.004% of the company's over 843,700 Bitcoin holdings. Furthermore, regarding the outflow of $3.4 billion from the U.S. spot Bitcoin ETF for 11 consecutive days, Tom Lee believes that capital outflow is a classic lagging indicator of market cycle reset. Bitmine's macro strategy has not changed, and its plan to purchase 111,942 Ethereum for approximately $237 million is still underway, with its Ethereum holdings currently reaching nearly 5.4 million.

According to information from a third-party data platform, Bitcoin's Ahr999 has once again fallen below 0.45 after a month, reporting at 0.4322. As a result, this indicator has returned to the "bottom-buying range." This indicator was created by ahr999 and aims to assist Bitcoin dollar-cost averaging users in making investment decisions based on timing strategies. The indicator implies the yield of short-term Bitcoin dollar-cost averaging and the deviation of Bitcoin's price from its expected valuation.Historically, the Ahr999 index for Bitcoin has been below the bottom line (0.45) for 572 days. The dollar-cost averaging range is 0.45-1.2, representing a relatively reasonable range for Bitcoin prices, suitable for adhering to a regular investment strategy.

Liquid Capital founder Yi Lihua posted on platform X, stating that in the last cycle, "there were eight correct operations and one wrong one," but the cost of a single mistake was significant; however, the related losses mainly belong to the previous profit pullback.Yi Lihua mentioned that after this round of rebound ends, he will fully prepare to bottom out in the new round of market trends, while dedicating more than half of his time and energy to AI stocks and AI investment research, and stated, "Optimists always choose to believe in trends; only by believing can one avoid panicking at crypto lows and AI highs."

Well-known trader Killa (@KillaXBT) posted that, from the perspective of the 180-day actual price, the time investors have been in a loss state during this adjustment may not be sufficient.Historical experience shows that bear markets are usually accompanied by prolonged periods of continuous losses, with many investors remaining in unrealized losses for a long time. If historical patterns repeat, the current adjustment cycle may require more time to digest, and the market may still need to go through a longer bottoming process.

Analyst Murphy stated that by observing the "short-term capital on-chain activity weight" (i.e., the proportion of the dollar value represented by short-term chip turnover) as an on-chain indicator, we can assess the current BTC market status. This indicator reflects the latest short-term trading behaviors such as speculation, arbitrage, profit-taking, or panic selling. Currently, this weight has dropped to historically low levels, appearing only in the bottom regions of bear markets over the past 15 years, indicating a significant cooling of short-term turnover, with economic value shifting towards long-term chip accumulation. The market is characterized by low volatility, consolidation, or clear bottom features.The analyst judges that based on this, the current market may be in one of three stages: bear market bottom; secondary bottom, which may still have one last drop; or consolidation before the bull market starts. However, under rational judgment, the pre-bull consolidation can be temporarily ruled out. It is currently not recommended to fully bet on a single scenario; a diversified position strategy is advised to cope with different outcomes, as the relative position of the long-term trend has indicated that Bitcoin is near the bottom.

Analyst Murphy stated that during the two bear market bottoms in February 2019 and January 2022, the number of BTC losses was 10.6 million coins. If this pattern continues in the current bear market, the corresponding bottom price would be around $60,000. Whenever the amount of BTC losses in circulation reaches a certain critical value, the supply side may become exhausted, making it difficult for the price to continue to decline. On February 5, 2026, when BTC fell to $60,000, the loss amount was close to 9.93 million coins. If it returns to $60,000 again, the current BTC chip structure's loss amount will reach 10.6 million coins, which may coincide with the previous bear market bottom.

According to monitoring by Hyperinsight, following a significant rise in HYPE this morning, there has been a slight pullback from the $47 high. Multiple addresses on Hyperliquid have placed buy orders in batches using TWAP (Time-Weighted Average Price) to build positions. As of the time of writing, a total of 8 traders plan to buy over 75,400 HYPE, corresponding to an amount of approximately $3.4 million.On the contract side, a recent large position by a whale (0x1ee) plans to go long on 50,000 HYPE with 10x leverage, valued at approximately $2.26 million, with an average price of $45.76. Currently, there are still about $1.29 million worth of buy orders being executed in batches. Address: 0x1ee7a73cb5b0b6b056d8138085b2009e6a6bedf5.

On-chain data analyst Murphy stated that the change in the relationship between cost basis and price behavior is one of the best perspectives for observing BTC forming a bottom structure, and the "1-3 month short-term holder cost basis" (1-3m_RP) is the most effective reference.The formation of each round of bear bottom structures is accompanied by a gradual shift in the short-term holder cost basis (1-3m_RP, yellow line). Taking previous cycles as examples: in 2015-2016, BTC oscillated around the short-term holder cost basis for a long time after first breaking through it; in 2019-2020, BTC strongly broke through the short-term holder cost basis and then entered a small bull market; in 2022-2023, BTC broke through the short-term holder cost basis, then retested it a second time, and after gaining support, rebounded again.Since BTC broke through on April 15, it has remained above the short-term holder cost basis. However, regardless of how the trend develops next, a bottom will eventually form, and BTC will break through the yellow line and inevitably turn. Analysts believe that the important thing is not to predict the specific trend, but to prepare in advance and allocate positions reasonably. The trends from previous years are only examples and not investment advice.

According to Cointelegraph, cryptocurrency analyst Matthew Hyland stated that Bitcoin may have bottomed out around $60,000 in early February, and it is unlikely to see lower prices later this year.He pointed out that dozens of bottom signals appeared simultaneously when Bitcoin reached $60,000 in the first quarter of 2026, while these signals do not appear in the middle of a bull market. Hyland believes that the current market is not in the middle of a bear market, and this judgment has obvious flaws because bottom signals only flash at true bottoms.Previously, veteran trader Peter Brandt believed that $60,000 might not be the lowest point in 2026, while Willy Woo stated that Bitcoin has only completed about one-third of its bear market journey.

Analyst Murphy stated that the market is generally focused on the $60,000 price low, but the chip structure analysis reveals that Bitcoin's true bottom may lie in the dense trading area around $66,000.Data shows that this location has accumulated about 440,000 BTC, with 240,000 of that trading occurring between February and April. Currently, the chip proportion in the $65,000 to $78,000 range has reached 13.8%. Although it is still below the 18.7% level before the FTX collapse in October 2022, considering that traditional funds like ETFs and MicroStrategy have locked about 13% of the circulating chips at relatively high levels in this cycle, the current ratio has laid a foundation for building a bottom structure.If the market can experience a second retest and achieve further trading in this range, it will make the bottom foundation more solid and have a stronger "resilience." The true bottom should not be judged by the lowest price ($60,000) but rather by the trading area where large funds concentrated their entry ($66,000). Currently, the trading in the $78,000 to $82,000 range is still insufficient, and market divergences still need to be digested.

CryptoQuant analyst Axel Adler Jr posted on the X platform, stating that the adjusted realized price range model calibrated to Bitcoin's current circulating supply shows that this round of Bitcoin falling to the key range of $59,000 marks the beginning of a true medium to long-term bottoming process. Bottoming is not a short-term process and will not be completed in one to two weeks; the baseline scenario is expected to take about six months.Axel Adler Jr emphasized that although Bitcoin has seen some recent increases, the core factor driving market stabilization is not emotional recovery or local rebounds, but rather the return of long-term real demand. This means that the bottom may only be truly established when the market begins to reprice future value and spot buying continues to recover.

According to analyst Murphy, the on-chain holdings of new Bitcoin buyers (short-term holders) have continued to rebound, increasing from a temporary low of 3.38 million to 3.68 million.Although this scale is still over 1 million coins away from the peak of the last bull market, analysts believe that as the macro environment improves, investors' risk appetite is gradually recovering. From a historical cycle comparison, the current holdings of new buyers are roughly equivalent to the levels seen in mid-August 2022 (the latter half of the bear market). At that time, the BTC price rebounded from a low of about $19,000 to $24,000, an increase of about 26%; while this time, BTC rebounded from $62,000 to $79,000, an increase of about 27%, showing a similar rebound magnitude.It is worth noting that although the amount of capital required to accumulate the same number of BTC is now 3 to 4 times that of the past, there are still many strong new buyers entering the market. This phenomenon indicates that the market depth, capital capacity, and participant structure of Bitcoin have fundamentally changed, further solidifying its status as a mainstream asset.

Famous trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, released a chart yesterday indicating that Bitcoin enthusiasts should abandon the idea of the price soaring to $250,000 this year.Brandt believes that the current BTC trend is a channel pattern, rather than a bullish bottom reversal pattern. This pattern does not rule out further increases, but it lacks strong bottom signals.

Quantitative trader Killa shared his comparison of the Bitcoin bear market bottom on platform X. He stated that the bottom should be at $38,800, considering a deviation of about 5%, the bottom could be $40,740 or $42,680.Killa previously used models (cyclical decay analysis, pattern analysis, mathematics + numerology) to predict this bull market's top at $121,362, while the actual top was $126,100. Killa emphasized that even the highest prediction of $42,680 is still far below $60,000. Therefore, $60,000 as a bottom is "very optimistic." He plans to buy as much spot Bitcoin as possible in July and August.

According to CoinDesk, Glassnode's Bitcoin on-chain metric RHODL ratio is currently at 4.5, which is the third highest level on record, and the signals it emits are more aligned with a market bottom rather than a cycle top.The RHODL ratio compares the value of Bitcoin held by long-term holders (holding for 6 months to 3 years) to that held by short-term holders (holding for 1 day to 3 months). An increase in the ratio typically reflects a longer holding period for chips and reduced speculative activity, rather than an influx of new buyers—this dynamic has occurred after significant corrections in 2015, 2019, and 2022. During the 50% drop in Bitcoin over the past six months, young speculative chips have been largely washed out, concentrating wealth among long-term holders.Historically, the RHODL ratio has only been higher than the current level twice: in 2015 (ratio of 5) and in 2022 (ratio of 7), both corresponding to cycle bottoms, which suggests that Bitcoin may still have further downside potential. However, to push the ratio to higher levels, it typically requires the activity of short-term holders to be nearly exhausted, and this condition is not yet evident under current circumstances—Bitcoin has rebounded about 25% from its February low, perpetual contract funding rates remain negative, and the S&P 500 has also reached an all-time high.Overall, this indicator suggests that the current market conditions are closer to an adjustment within the cycle rather than a cycle top formation, and the re-dominance of long-term holders in the market may indicate that a phase bottom is approaching.

CoinDesk analyst James Van Straten stated that the Bitcoin funding rate has fallen to its lowest level since 2023, and historical patterns show that such signals often coincide with market bottoms. According to Glassnode data, the seven-day moving average of the funding rate has dropped to about -0.005%.The funding rate is the fee that long and short positions pay each other periodically in perpetual contracts to keep the contract price aligned with the spot market. When the rate is positive, longs pay shorts, reflecting bullish market sentiment; when the rate is negative, shorts pay longs, indicating a bearish market. Despite the funding rate being persistently negative from March to April this year, Bitcoin still oscillated upward from the $60,000 to $65,000 range to about $75,000. Historically, a deeply negative funding rate often coincides with Bitcoin's phase bottoms: during the market crash triggered by the COVID-19 pandemic in March 2020, Bitcoin fell to about $3,000; it dropped to $30,000 during China's mining ban announcement in 2021; it hit a low of about $15,000 during the FTX collapse in November 2022; and it briefly fell below $20,000 during the Silicon Valley Bank crisis in 2023. During the yen arbitrage trade closure in August 2024 and the "Liberation Day" sell-off in April 2025, negative funding rates also appeared alongside phase lows. The continued negative funding rate indicates that even if the price trend is positive, short positions remain at a high level. This divergence may suggest that the market is climbing within a "wall of worry," and a large number of short positions could become fuel for further price increases.