Hey Crypto Addicts,

Bitcoin is sitting near $62,000 this morning, and the derivatives market is flashing a setup that could get very interesting.

As Bitcoin continues to decline, open interest in futures contracts is rising. This suggests traders are adding fresh positions into weakness, whether that's bears betting on further downside or bulls attempting to catch a reversal.

The key level everyone is watching is $60,000.

A strong recovery above this zone could put pressure on late shorts and create the conditions for a short squeeze. Failure to reclaim it, however, would leave sellers firmly in control and increase the risk of additional liquidations.

There is also a major derivatives component at play.

More than $1.2 billion in notional open interest is sitting at the $60,000 put strike on Deribit. As Bitcoin approaches this level, market makers may be forced to hedge their exposure, which can amplify volatility and potentially accelerate downside moves.

Adding to the pressure, spot Bitcoin ETFs recorded over $325 million in net outflows in a single day, highlighting continued institutional selling.

Two scenarios. One level. $60,000 is the battleground.

Hold it and a squeeze higher becomes possible.

Lose it and the next wave of selling could begin.☕📊

What we’ve covered for you today:

The fallout from Zcash's recent Orchard pool vulnerability continues to deepen, with fresh concerns emerging around supply verification, private balances, and long-term confidence in the network. Although the bug has already been patched and developers believe exploitation was unlikely, the market remains focused on one key question:

Was the vulnerability ever used before it was discovered?

The discussion intensified after David Schwartz weighed in on what could happen to funds left behind in the older Orchard pool. Schwartz explained that even "lonely" or inactive coins would remain owned by their holders if no exploit occurred prior to the planned migration process, helping ease fears that passive users could lose access to their funds.

At the same time, Zcash contributors are exploring a recovery plan known as Ironwood, which would isolate the affected Orchard pool and introduce stronger mechanisms for verifying funds as users migrate into a new shielded environment.

Despite these efforts, confidence remains fragile.

While the technical issue may be fixed, investors are still grappling with the reality that such a serious vulnerability existed undetected for years. As recent price action has shown, rebuilding trust can take much longer than deploying a patch.☕

Bitcoin miners are rapidly transforming into AI data center operators, marking one of the biggest shifts the crypto industry has seen in years. As mining profitability comes under pressure, many companies are discovering that the infrastructure built for Bitcoin mining, including access to cheap power, cooling systems, and large-scale facilities, is perfectly suited for the growing demand from artificial intelligence companies.

The trend has accelerated dramatically in 2026, with more than $70 billion in AI and high-performance computing contracts announced across the mining sector. Some industry estimates suggest that publicly listed miners could generate up to 70% of their revenue from AI services by the end of the year, compared with roughly 30% today.

The shift is being driven by simple economics.

AI companies desperately need access to power and data center capacity, while miners already possess many of the assets required to support AI workloads. As a result, firms that were once focused solely on mining Bitcoin are increasingly positioning themselves as providers of AI infrastructure.

The bigger story is that crypto and AI are becoming more connected than ever.

What started as a Bitcoin mining industry is gradually evolving into a critical part of the global AI buildout, creating a new source of revenue that extends far beyond digital assets.☕

Wall Street hijacked the stock market 200 years ago. 

Now in 2026, they're coming for YOUR digital assets.

Bitcoin was supposed to be peer-to-peer. No banks. No middlemen.

Not anymore.

BlackRock owns more Bitcoin than most countries. 

Fidelity's ETF hit $10 billion. 

JPMorgan called Bitcoin a "fraud" — now they run billions in tokenized assets. 

They ARE crypto now.

Every time you hit "Buy" on Coinbase, you're trading at their prices that they've already positioned themselves for the biggest returns. You're fighting over scraps.

It's the 2008 playbook. 

Wall Street sold mortgage-backed securities to retail, then shorted them and made billions while people lost their homes.

But there's a way to operate outside their system.

Tan Gera, ex-Wall Street banker and CFA Charterholder, walked away after discovering their two-tier system. 

Now, his 35-person research team helps 3,000+ investors access opportunities before Wall Street marks them up 100x.

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For educational purposes only. Results will vary. DM Intelligence LLC is not liable for losses.  

Crypto investors in Greece could soon face a new 15% tax on digital asset profits as the government looks to bring cryptocurrencies under a more formal tax framework.

The proposal aims to close what officials see as a growing tax gap within the digital asset sector, ensuring that crypto gains are treated more similarly to profits from traditional investments. As crypto adoption continues to expand, governments are paying closer attention to how these assets fit into existing financial regulations.

For investors, the proposal would provide greater clarity around how cryptocurrency profits are taxed, but it would also increase the cost of realizing gains.

The development is part of a broader trend across Europe, where regulators and policymakers are working to establish clearer rules for the rapidly growing digital asset industry.

Whether viewed as regulatory progress or an additional burden, the direction is becoming increasingly clear.

Crypto is moving further into the financial mainstream, and with that comes greater oversight, reporting requirements, and taxation.

As adoption grows, governments are making sure they receive a share of the profits too.☕

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Bitcoin is approaching a major area of interest as price continues to trend lower toward the widely watched $60,000 support zone. Despite the prevailing bearish sentiment, this region is increasingly being viewed as a potential accumulation area where long-term buyers may begin stepping back into the market.

The reasoning is straightforward.

As fear continues to build, many market participants are lowering their targets and expecting significantly lower prices. Historically, however, periods of extreme pessimism have often created some of the best opportunities for accumulation.

The $60,000 level remains the key battleground in the immediate short term. A sweep below this region cannot be ruled out, but such a move could provide the liquidity needed to form a local bottom before a larger recovery develops.

From a technical perspective, the market is approaching an area where risk-to-reward begins improving for long-term investors. While volatility is likely to remain elevated, the focus is shifting away from chasing upside and toward identifying value.

For now, the outlook suggests Bitcoin may continue searching for support into the $60,000 region before a larger accumulation phase can begin.

As always, the best opportunities often appear when confidence is at its lowest.

Michael Saylor believes Bitcoin's next phase of growth will require more than just ETF inflows and retail demand. As market volatility and institutional outflows continue to pressure prices, Saylor is calling for what he describes as "disciplined expansion", where Bitcoin becomes more deeply integrated into the broader financial system.

Travala is pushing the boundaries of AI-powered commerce with the launch of a new travel protocol that allows AI agents to search, book, and pay for hotel stays using USDC on Coinbase's Base network. The system enables AI assistants to handle much of the booking process automatically, while users retain final approval before payments are completed.

Illinois has approved new legislation that introduces a tax on digital asset transactions, marking another step in the growing effort to bring crypto activity under traditional tax frameworks.The measure forms part of the state's FY2027 budget and is expected to generate additional revenue by applying taxes to certain cryptocurrency-related transactions.

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HODLing is just telling yourself “I’m a long-term investor” while watching your portfolio do emotional damage in real time 📉