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Hey there Hodlers!

Just when we were starting to claw our way back from the recent Big Dipper… boom… flashback.

PTSD candle.

And suddenly we’re right back to asking the question nobody wants to revisit:

Are we going lower than $60K?

The chart doesn’t look broken-broken, but it doesn’t look confident either. We’re hovering in that awkward zone where conviction goes to die.

And yeah, uncertainty is everywhere… Iran tensions. US drama. Tariff roulette. Insert your favorite geopolitical subplot here.

The difference now?

The market’s numb.

These headlines don’t hit like they used to. The swings are muted. Volatility is still there… just less dramatic.

Even positive crypto news barely moves the needle. That’s when you know sentiment’s heavy.

Everyone’s praying the Clarity Act will flip the script back to bull mode.

But if you read last week’s breakdown, you already know there’s a serious standoff brewing.

The two big sticking points:

1. Banks don’t want stablecoin issuers paying yield.
   Stablecoins offering 4%+ makes banks’ 0.1% savings accounts look like a bad joke.

2. Trump doesn’t want language that singles him out from participating in crypto.
   Meanwhile, others don’t want him anywhere near it personally.

That’s not minor policy debate stuff. That’s political trench warfare.

This week’s negotiations? Banks wouldn’t budge. So we’re back at a stalemate.

There is pressure from the administration to get it done… but pressure doesn’t equal passage.

If this drags into later this year which is very possible according to Polymarket’s prediction market, then liquidity will start ramping at the same time.

That’s when things could get wild again.

Clarity + liquidity = bull market fuel.

And yeah… we miss those madness days.

Zoom out from the drama and the more likely scenario looks boring:

We range.

$60K to $75K.

Accumulation. Impatience. More sideways therapy sessions.

Even the big boys are stacking. So don’t be afraid.

Unless we get a real breakout above the range (or a spicy global headline that nukes us temporarily) expect more of the same. In fact, there’s some good research that shows we have now bottomed.

And even if we get one of those dramatic dips? Unless it’s world-ending, odds are it recovers.

So stay sharp.

Stay disciplined.

Don’t let the PTSD trade for you.

This market rewards patience way more than panic!

1. Crypto’s Banker Adversaries Didn’t Want to Deal: Sources say banking representatives at a recent White House crypto policy meeting resisted compromise, opposing key provisions in the stalled digital-asset legislation. The development complicates efforts to forge a consensus framework that balances industry innovation with traditional finance concerns.

2. A Strong Case That Bitcoin Has Possibly Bottomed: K33 Research argues structural indicators suggest Bitcoin may have established a cyclical low, with macro risks priced in and capitulation indicators fading. The analysis points to derivative positioning and funding rate normalization as potential signals of near-term price stability.

3. SBF Seeks New FTX Fraud Trial: Sam Bankman-Fried has filed for a retrial in his FTX fraud case, asserting the emergence of new testimony that could impact key counts. The request adds another chapter to the ongoing legal saga stemming from one of crypto’s largest collapses.

4. BlackRock Explores Partnership With Uniswap: BlackRock is reportedly in early talks with decentralized exchange Uniswap to integrate tokenized asset strategies into institutional portfolios. The potential collaboration reflects increasing asset-manager interest in marrying DeFi liquidity protocols with mainstream capital flows.

5. Coinbase Launches Crypto Wallets Built With AI Agents: Coinbase rolled out a new suite of crypto wallets embedded with AI agents to help users manage assets, track markets, and navigate DeFi. The innovation aims to simplify onboarding and improve engagement for both novice and experienced holders.

Big thanks for making it to the end of this week’s Hodl Report! 👊

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Happy Friday!

Disclaimer: The content from Hodl Report should not be taken as trading, investment or financial advice or solicitation to buy or sell any assets. This newsletter is for informational and educational purposes only. Please be careful out there and DYOR (do your own research)