Over $800 million in long positions were liquidated after resistance at $123K.
The BitMEX co-founder said Bitcoin could drop to $100,000 because of economic challenges.
BTCUSD experienced a sharp intraday decline after reaching
an all-time high. The price appears to have found support near $118,000, which
could provide a base for a potential rebound. Analysts note that a decisive
break below this level may lead to a more extended correction in the
cryptocurrency.
Short-term uncertainty persists as key support levels will
likely determine Bitcoin’s next move. Maintaining levels above resistance could
allow further gains, while a breach of support may trigger a deeper pullback.
While the broader trend remains bullish, intraday weakness is increasing
volatility.
Crypto Analyst Sees $128K Target for Bitcoin Amid
Short-Term Weakness
Crypto analyst BitcoinHyper noted on social media that
Bitcoin recently pulled back after encountering resistance near $123,000,
causing over $800 million in long-position liquidations. The price has since
moved to the middle of its horizontal trading range, with support identified at
$118,200 and stronger support around $116,300.
The analyst highlighted that the 4-hour chart still shows a
bullish trend. However, a lower low on the 1-hour chart indicates short-term
weakness. The $120,000 level remains a key pivot. Holding above it could open
the path to $128,000, while a drop below may lead to further declines. Ethereum
has also rebounded in the short term but faces similar risks of reversal.
Hayes pointed to weakening
economic indicators, including the July Non-Farm Payrolls report, which added
73,000 jobs versus expectations of 110,000, and slow credit growth across major
economies.
Hayes’s portfolio moves—selling ETH, Ethena, and Pepe while
holding $22.95 million in USDC—suggest preparation for potential volatility. He
anticipates Bitcoin testing $100,000 and Ethereum around $3,000 in the event of
a broader market decline.
DeepSeek AI Outlines Three Possible Bitcoin Scenarios for
2025
A more optimistic scenario projects the price
reaching $350,000, while a high-end “black swan” scenario sees it rising to
$500,000. These projections are based on assumptions of increased institutional
adoption and broader acceptance of blockchain in global finance.
BTCUSD experienced a sharp intraday decline after reaching
an all-time high. The price appears to have found support near $118,000, which
could provide a base for a potential rebound. Analysts note that a decisive
break below this level may lead to a more extended correction in the
cryptocurrency.
Short-term uncertainty persists as key support levels will
likely determine Bitcoin’s next move. Maintaining levels above resistance could
allow further gains, while a breach of support may trigger a deeper pullback.
While the broader trend remains bullish, intraday weakness is increasing
volatility.
Crypto Analyst Sees $128K Target for Bitcoin Amid
Short-Term Weakness
Crypto analyst BitcoinHyper noted on social media that
Bitcoin recently pulled back after encountering resistance near $123,000,
causing over $800 million in long-position liquidations. The price has since
moved to the middle of its horizontal trading range, with support identified at
$118,200 and stronger support around $116,300.
The analyst highlighted that the 4-hour chart still shows a
bullish trend. However, a lower low on the 1-hour chart indicates short-term
weakness. The $120,000 level remains a key pivot. Holding above it could open
the path to $128,000, while a drop below may lead to further declines. Ethereum
has also rebounded in the short term but faces similar risks of reversal.
Hayes pointed to weakening
economic indicators, including the July Non-Farm Payrolls report, which added
73,000 jobs versus expectations of 110,000, and slow credit growth across major
economies.
Hayes’s portfolio moves—selling ETH, Ethena, and Pepe while
holding $22.95 million in USDC—suggest preparation for potential volatility. He
anticipates Bitcoin testing $100,000 and Ethereum around $3,000 in the event of
a broader market decline.
DeepSeek AI Outlines Three Possible Bitcoin Scenarios for
2025
A more optimistic scenario projects the price
reaching $350,000, while a high-end “black swan” scenario sees it rising to
$500,000. These projections are based on assumptions of increased institutional
adoption and broader acceptance of blockchain in global finance.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
