MEVictim

Source: CryptoNewsNet
Original Title: Bitcoin Price Outlook: Bulls Eye $98,000 Breakout After Holding $90,000 Zone
Original Link:
Bitcoin Price Weekly Outlook
The bitcoin price action was looking quite bearish after last week's close, but the bulls managed to maintain the bullish structure

The Royal Government of Bhutan's investment company, Druk Holdings, is actively trading ETH and has established a leveraged position of 117K ETH. These wallets have withdrawn large amounts of ETH and stablecoins from exchanges, borrowing funds to acquire more ETH. The entity has conducted multiple transactions on Aave, with a total transaction volume of $735 million. As the Bhutanese government gradually increases its ETH exposure, the country has also launched a national identity system based on Ethereum.

Crypto analyst Garrett Jin counters the bear market narrative for Bitcoin, arguing current conditions differ from 2022's risk-averse environment. He identifies potential recovery patterns, emphasizing institutional involvement and market maturity.

The top 15 altcoins generating the most revenue over the past month have been identified, with stablecoin issuers like Tether and Circle leading. Their revenues reflect varying trends, with some experiencing losses while others saw gains.

Chainlink (LINK) has seen a significant decline, now at $12.8, down 12% this month and 55% from its 2025 highs, driven by macroeconomic factors and a surge in liquidations. Despite its strong fundamentals, concerning technical patterns indicate potential for further bearish movement.

The PancakeSwap CAKE token governance proposal has been approved, reducing the maximum supply from 450 million to 400 million to meet future growth needs. Currently, the circulating supply of CAKE is 350 million, with approximately 50 million CAKE retained as a buffer, and the planned economic model update will continue to maintain CAKE's deflationary structure.