> Want some free money? You have all weekend to buy BTC before it recovers to $120k.

I am going to buy all weekend if this is the right weekend! OP? Is this the right weekend?

Have fun catching the falling knife. The thing is that it's very hard to put a floor price on something that is in reality absolutely fuqing worthless.

Assclown Mini Tacos wrote:

Have fun catching the falling knife. The thing is that it's very hard to put a floor price on something that is in reality absolutely fuqing worthless.

You're just mad because you missed out on the big sale! Back over $70k. You: destitute and crying!
      \

South Korean cryptocurrency exchange Bithumb accidentally transferred $40 billion worth of bitcoin to users on Friday, sending 2,000 bitcoins instead of $1.37 promotional rewards.

The exchange mistakenly credited 620,000 bitcoins to 695 user accounts during a Random Box giveaway event. Bithumb intended to distribute 2,000 Korean won (approximately $1.37) to winners but instead sent 2,000 bitcoins per user, according to local reports.

Bithumb detected the error within five minutes and blocked trading and withdrawals for affected accounts within 35 minutes. The exchange recovered 99.7% of the mistakenly transferred bitcoins, the company announced on Saturday.

Some recipients immediately sold the credited coins, causing bitcoin's price on Bithumb to drop 17% to 81.1 million won. The flash crash occurred only on Bithumb's internal ledger and didn't involve actual on-chain transfers.

Korean financial authorities estimate users sold over $2 billion worth of the phantom bitcoin during the brief window before Bithumb froze accounts. The exchange said it would cover all losses using company assets.

Bithumb stated. The company emphasized there were no problems with system security or customer asset management.

Bithumb plans to compensate affected customers by covering price differences plus a 10% bonus. The exchange estimated total losses at approximately 1 billion won.

The error occurred during bitcoin's recent downturn, which has wiped out gains from November 2024. Bitcoin had declined to around $60,000 earlier this week before rebounding to approximately $71,000.

This marks one of the largest operational errors in cryptocurrency exchange history. Bithumb said it would redesign its entire asset payment process and enhance internal controls to prevent similar incidents.

The exchange processes transactions for millions of users in South Korea, one of the world's most active cryptocurrency markets. Bithumb was founded in 2014 and ranks among the country's largest trading platforms.

kimjongunclap.gif

Maybe next weekend?

Coiled fuqing snake, about to fuqing strike. Are you all in?


Bitcoin Is Compressing The Breakout Move Will Be Violent


The quieter BTC gets, the louder the next move will be.

Right now, Bitcoin is doing something that makes experienced traders lean forward in their chairs it’s compressing.

Price isn’t trending.

It isn’t impulsing.

It’s coiling.

And in markets, compression leads to expansion.

The Volatility Contraction → Expansion Thesis

Markets move in cycles:

    Expansion (strong trend, wide candles, emotional moves)

    Contraction (tight range, low volatility, indecision)

We’re currently in contraction.

You can see it clearly:

    Lower highs pressing down

    Higher lows squeezing up

    Smaller daily ranges

    Volume gradually declining

This creates a volatility squeeze like a spring being compressed.

The longer the compression lasts,

the more violent the release tends to be.

The Range Everyone Is Watching

BTC is trading inside a clearly defined structure:

    Range High: The area where price repeatedly rejects

    Range Low: The area where buyers step in

    Mid-range: Chop zone (where traders get destroyed)

This structure matters because:

    Stops are building above the highs

    Stops are building below the lows

    Liquidity is stacking on both sides

And markets are liquidity-seeking machines.

Where the Liquidity Sits

Above the range:

    Breakout buyers waiting

    Short stops clustered

    Momentum traders ready to pile in

Below the range:

    Long stops

    Late buyers trapped

    Panic sellers waiting

This is why the breakout won’t be polite.

It will be engineered to hurt the most participants possible.

Scenario Planning (This Is Where Traders Win)

🟢 Scenario A: Clean Break Up

If BTC breaks and holds above range high:

    Shorts get squeezed

    Momentum algorithms activate

    Volume expands aggressively

This can lead to a fast impulsive leg higher.

In this scenario:

    Pullbacks become buying opportunities

    Market structure shifts bullish

You don’t chase blindly.

You wait for confirmation and structure.

🔴 Scenario B: Liquidity Sweep Down First

This is the more painful path.

Price could:

    Fake a breakdown

    Sweep the range low

    Trigger long stops

    Induce panic

Then reverse violently upward.

This is classic market behavior.

Weak hands sell the bottom.

Strong hands absorb liquidity.

If this happens, the reversal will likely be sharp and emotional.

Why This Setup Matters

When volatility compresses:

    Risk becomes definable

    Invalidation levels are clear

    Reward-to-risk improves

Breakout environments are where trends are born.

But prediction is dangerous.

Positioning > Prediction

You don’t need to guess direction.

You need:

    Clear levels

    Clear invalidation

    Predefined risk

    A plan for both outcomes

Because when Bitcoin expands out of this range,

it won’t ask for permission.

It will move fast.

It will punish hesitation.

And it will reward preparation.

The quieter BTC gets…

The louder the next move will be.

Sockpuppet wrote:

Maybe next weekend?

Guess not.

https://x.com/DeriWOfficial/status/2025 … 09743?s=20

They've kind of run out of "to the moon" key milestone tactics. They wanted to be legit and included as ETFs on the market, and also a pro-crypto administration. They got both - so now what?? Is there some other FOMO hype angle?

The ETF approval was kinda funny since now they're basically correlated with the stock market - the opposite of their original intent. Since it doesn't really produce anything, it's become a harder sell. Why wouldn't I just buy gold/silver ETFs instead?

wrote:

Back under $64K… the more this spring compresses, the faster it’ll break out to $1M!!!

It's totally coiling!

wrote:

Howd that work out for ya?

Looks like there's another big sale going on!

Are you ALL IN?
           \

Trump stock hovering at @$10