Binance Observes Bitcoin’s Resilience at $104K Post-Fed Decision
Bitcoin has demonstrated remarkable stability, maintaining its position above the $104,000 support level despite the Federal Reserve's decision to keep interest rates unchanged for the fourth consecutive time. This development initially dampened hopes for a risk-asset rally, but on-chain data suggests strong underlying demand for BTC, indicating potential for upward momentum. Analysts have identified a robust demand zone in the mid-$100,000 range, where Bitcoin has consistently absorbed selling pressure. This resilience underscores the cryptocurrency's growing strength in the face of macroeconomic uncertainties, making it a focal point for traders and investors on platforms like Binance.
Bitcoin Holds $104,000 Support Amid Market Delevering Post-Fed Decision
Bitcoin has solidified its footing above $104,000 despite the Federal Reserve's decision to maintain interest rates for the fourth consecutive time. While the MOVE initially tempered expectations for a risk-asset rally, on-chain data reveals robust demand for BTC—hinting at potential upward momentum.
Analysts point to a clear demand zone in the mid-$100,000 range, where bitcoin has absorbed sustained selling pressure. Binance's open interest charts show progressive deleveraging, a sign of healthier derivatives market conditions. The $104,000 level has also acted as a liquidation trigger for overleveraged longs, further consolidating the support base.
Solana Bulls Gain Momentum as Sentiment Shifts
Solana's market dynamics show a decisive shift toward bullish sentiment, with both retail and institutional traders aligning in their optimism. The cryptocurrency, trading NEAR $145, reflects this confidence through key metrics. Market Prophit's smart money sentiment score stands at 1.79, while retail traders on Binance hold long positions at a striking 74.83% ratio.
Futures activity reveals sustained buying pressure, with the 90-day Taker CVD indicator flashing a 'Taker Buy Dominant' signal. This convergence of positive indicators suggests underlying demand strength, even as prices consolidate within a narrow range. Short liquidations and stable funding rates further support the potential for upward movement without excessive leverage risks.
Yet the market faces a delicate balance. The extreme long positioning—evidenced by a 2.97 Long/Short Account ratio—could trigger cascading liquidations should prices fail to break upward. Such conditions demand careful monitoring of order FLOW and sentiment shifts in coming sessions.
CZ Warns of Deepfake Zoom Scams Targeting Crypto Community After Influencer Attack
Former Binance CEO Changpeng Zhao has issued an urgent security alert following a sophisticated deepfake attack on Japanese crypto influencer Mai Fujimoto. The scam involved compromised social media accounts and AI-generated video calls, highlighting new vulnerabilities in digital identity verification.
The incident began on June 14 when Fujimoto's social media account was hacked. Despite multiple reports, the platform failed to suspend the compromised account. Attackers then orchestrated a Zoom call using a deepfake impersonation of an acquaintance, exploiting audio issues to extend the fraudulent interaction for ten minutes.
Zhao's warning emphasizes the growing sophistication of AI-powered attacks, noting that even video call verification—long considered a security standard—is becoming unreliable. The Binance founder specifically cautioned against installing software from unofficial sources, even when links appear to come from trusted contacts.
