VELVET's traders should be careful of extreme volatility.

A SIREN recovery beyond $1 will be extremely hard in the coming months, and short-term bounces would likely be sold...

Derivatives data suggested there might be potential for a short-term DEXE move to $25.5.

Sellers at the $6.8 area should be ready to cut their losses in case the bounce goes higher than expected.

The latest MNT downward continuation signal came when the $0.506 lower low was broken on Wednesday, the 24th of June.

The weakening demand and multi-month trends of realized losses showed Bitcoin holders were under immense pressure

In the short-term, another price drop below $59k appeared likely, as derivatives markets catch up to the spot-driven move.

Ethereum investors would likely be better off remaining patient instead of placing directional bets.

On-chain data showed a divergence with the bearish price trends and indicated a shift in holder composition.

The Bitcoin market was in a risk-off regime, but it has not yet reached cycle bottom extremes.