Despite rising inflation as we enter the weekend, BTC is over 73 thousand dollars and the Islamabad negotiations that will start tomorrow are the biggest event of the next 48 hours. So, what were the 5 issues that cryptocurrency investors focused on today? What do 2 bear flags on the BTC chart tell us for the rest of 2026? We will discuss analysts’ forecasts and the current outlook.
Agenda of cryptocurrencies
Santiment on social media of cryptocurrencies took an x-ray and identified the 5 hottest topics of the day. In order to understand what is happening in the markets, it is important to know what investors are talking about.
The primary agenda today was the US inflation report, and the 3.3% increase took us to May 2024. The increase in energy prices pushed inflation up, and with its indirect effects, we saw a 2.6% increase in core inflation. The only reason is why the Iran war and the Islamabad talks are important.
The departure of the largest Bittensor subnet operator, Covenant AI, and its claim that it sold ~37,000 TAO (~$10-11 million) is also being talked about a lot. Bittensor Allegations such as centralized governance and abuse of moderation are cited as the basis for the separation. TAO Coin fell nearly 20% today, and like WLFI, it experienced continuous sales for 3 days, disappointing investors who expected $500.
RAVE It rose 200-300% on massive volume, before collapsing as WLFI used billions of tokens as collateral and borrowed tens of millions of dollars. ZEC, DASH, MON show volatility, so high leverage games seem to be back.
Crypto The closure of focused X accounts was on the agenda this week. Now, journalists and users started to react after Twitter removed the mutual follower display.
“People say this is the final check to quickly scan crypto accounts and avoid scams. Some claim the change helps with bots and disinformation.” – Centiment
Bitcoin (BTC)
in 2022 Bitcoin 5 bear flags were seen on the chart and the bottom of the cycle was reached in this process. Although the analyst with the pseudonym CryptoCon accepts that no formation or structure indicates the future, he says that the same thing can happen again. Accordingly, while BTC lingers on its second bear flag, it actually tells us that there will be a further decline.
If history repeats itself, the BTC price is expected to drop to around 50 thousand dollars. Looking at the liquidation chart, Martinez thinks that $75,300 acts as a magnet for BTC.
“Bitcoin has reclaimed the 72,000 level and now the focus is shifting to the massive pool of liquidity sitting right above it. Short sellers are trapped and the ‘exit’ is getting narrower.”
According to Martinez, short liquidations triggered by a rise to $75,300 will create a “domino effect” that triggers a violent rise that catches the entire market off guard.
