Bitcoin could test $90,000 after shorts get squeezed, but traders warn leverage is building

Spaces launches Trust Anchor, allowing applications to directly verify human readable identities based on Bitcoin without relying on centralized servers. After obtaining a single Trust ID, users can scan or paste it into a Space compatible application to verify their identity based on the locally verified Space protocol status. The Trust ID is generated by the Bitcoin block header chain and the accumulated status of Spaces. The Veritas application on macOS can generate this ID without running the entire Bitcoin node, and users can also connect to personal nodes or generate it through the Spaces client. This scheme uses Bitcoin as the basis for a decentralized certificate authority, allowing applications to authenticate their identities without trusting company servers. (Source: Bitcoin News)

Robinhood CEO states that cryptocurrency will surpass sports betting in predicting the market.

Bitcoin broke through the resistance level of $82000 and touched $87300, with approximately $750 million of bearish derivative positions liquidated and an increase of approximately $2 billion in open derivative contracts. Nansen analyst Nicolai Sondergaard stated that the speed at which prices are turning bullish is faster than changes in positions. The US spot BTC ETF saw a total outflow of $746 million on Tuesday and Wednesday, followed by inflows of $160 million and $433 million on Thursday and Friday, respectively. The average cost for holders was approximately $82200. Nicolai Sondergaard and Wintermute trader Jasper De Maere believe that BTC may test for $87000, $90000, and $92000. Jasper De Maere pointed out that there may still be significant fluctuations in the short term, and Nicolai Sondergaard warned that if spot demand cannot match leveraged growth, the market may quickly reverse under rising US bond yields or geopolitical shocks.

[Tensions in the Middle East Continue to Escalate, U.S. Government Plans $5 Billion Allocation to Rebuild Energy Infrastructure] The geopolitical situation in the Middle East is heating up. Yemeni Houthi forces are advancing into Taiz Province, while Saudi border forces have launched 157 airstrikes and missile attacks. Risks to shipping in the Strait of Hormuz are increasing, with one oil tanker hit by projectiles, causing minor injuries to two crew members. Qatar is working to facilitate a short-term agreement between Washington and Tehran, while high-level officials from Pakistan and Iran exchange views. The Trump administration plans to allocate $5 billion to rebuild energy infrastructure in the Middle East. The U.S. President will convene a meeting on the Iran issue and temporarily suspend airstrikes on Houthi forces. The British Prime Minister has offered limited defensive aerial refueling, while the EU states that Red Sea operations will require more than 10 naval vessels. (Source: Jin10)

X launches real-time stock and cryptocurrency market display function, and integrates trading buttons, linking to Coinbase, Gemini, Kraken, Moomoo, and Interactive Brokers.