- Today’s Chart: Bitcoin Holds Above Key Support Level:

Bitcoin is currently trading around $70,950 USD at the time of writing this report on Thursday, maintaining a positive short-term upward trajectory as it holds above the 50-day exponential moving average at approximately $70,512 USD. However, Bitcoin’s price is still below the 100-day exponential moving average near $75,511 USD, and below the broader falling resistance level derived from its all-time high of $126,199 USD, so the current bullish trend is considered a recovery phase rather than a clear breakout.
The moving average convergence divergence (MACD) chart shows a positive trend and expansion, while the relative strength index (RSI) remains around 56 in the positive zone on the daily chart, suggesting that upward momentum is increasing but it still needs a decisive move through support levels to accelerate.
Daily chart for the BTC/USDT pair
Bitcoin’s initial support level is set at the 50-day exponential moving average at $70,512 USD. A daily close below this level would indicate weakening demand, opening the door to a further drop. On the upside, immediate resistance is seen at the weekly high of $72,857 USD, followed by the falling trendline barrier near $74,111 USD, then the 100-day exponential moving average at around $75,511 USD. In addition, the 200-day exponential moving average, near $83,801 USD, remains a distant upside target in case buyers regain control sustainably.
$BTC ‌🔴 $180 Millions of AVAX flows into Coinbase over six months; users ask “Why?”
Avalanche is trading around $9.07, down 3.35% over 24 hours, and the weak price is only part of the story. On-chain data showing that $180 million AVAX was sent to Coinbase over the past six months raises uncomfortable questions about who is selling and why.
The figure is about 1.88% of AVAX’s circulating supply, and this ongoing outflow is said by some analysts to be one of the main reasons the token has trouble sustaining an upward push despite the broader market’s recovery.
🔸 The transfer process involving $104 million
Concerns increased after reports surfaced about a single transaction that transferred $104 million AVAX to Coinbase at once. Large transfers to exchanges are usually interpreted as preparations to sell, and moving this amount in a single move immediately drew attention.
A community member asked directly about the transaction, writing: “Did they send $104 million in one transaction?”, wondering about the size and what it means for the token’s short-term future.
When asked who was behind it, one account replied: “You know who,” adding a layer of speculation that the community has not stopped discussing since then.
Some considered the data as confirmation of a broader problem facing utility tokens in the current cycle.
One community member argued that the period from 2025 to 2026 will be worse than 2019 for serious projects, accusing meme coins of drawing attention and capital away from tokens that were building real infrastructure but failed to deliver the price performance expected by retail investors.
They pointed out that AVAX holders who stayed through the dip are in a worse position than those who sold.
#AVAX | # Avalanche | $AVAX
{spot}(AVAXUSDT)