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Bitcoin 38.2% Test, Saylor Sells 32 BTC, BitMEX Shutdown

CryptoWednesday, July 29, 2026· 9 videos

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Bitcoin tests 38.2% support

Bitcoin is sitting at the critical 38.2% Fibonacci retracement, a level often निर्णs trend continuation. Holding this zone could open a move back toward $67,000, but a breakdown would shift momentum bearish. დაკარგing this level typically leads to deeper retracements toward 61.8%–78.6% zones. Analysts warn this is a decisive inflection point for the current cycle.

Downside targets cluster near $61K

If support fails, Bitcoin faces a key liquidity zone near $61,297, aligning with the 61.8% retracement. This area is packed with stop orders and historical demand. A move into this range would confirm a broader corrective phase. It also represents a typical “reload zone” for institutional positioning.

Michael Saylor sells 32 BTC

Strategy, led by Michael Saylor, sold 32 BTC to maintain creditor confidence. The move supports its debt-driven acquisition model and signals willingness to use holdings if needed. Executives argue that refusing to sell could undermine collateral credibility. The firm continues targeting up to $500 billion in long-term Bitcoin accumulation.

Fed decision anchors market sentiment

Markets are focused on the upcoming Federal Reserve FOMC decision, with roughly 66–68% odds of no rate hike. Սակայն uncertainty remains elevated, with a non-trivial шанс of tightening. More important than the decision is forward guidance on inflation and policy trajectory. This event is expected to set the tone for both crypto and equities.

Nasdaq weakness pressures crypto correlation

The Nasdaq is approaching key support near its May lows, mirroring Bitcoin’s technical setup. Historical correlation suggests crypto could amplify any equity downside. Weakness in tech stocks, especially amid earnings risk, adds pressure. A breakdown in equities would likely accelerate crypto volatility.

Dollar strength tightens risk conditions

The U.S. dollar continues to strengthen, with potential to retest recent highs. A rising dollar typically weighs on risk assets by tightening liquidity conditions. Both equities and cryptocurrencies are حساس to this dynamic. استمرار strength could reinforce downside pressure across markets.

BitMEX and BitMart shut operations

BitMEX, BitMart, and AscendEX are winding down operations amid rising regulatory pressure. Closures are driven by compliance costs rather than insolvency. Despite the headlines, market impact has been muted compared to past collapses like FTX. The trend signals a structural shift toward stricter global oversight.

Hyperliquid shows weakening momentum

Hyperliquid is losing strength relative to Bitcoin, a key warning signal for altcoins. رغم strong volume near $10–11 billion daily, demand appears to be fading. Revenue remains high at حوالي $782 million annualized, but growth is slowing. Analysts warn a broader altcoin downturn could follow if BTC weakens.

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