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BlockBeats News, June 27th. Cryptocurrency analyst Ali Charts posted an article indicating that the Bitcoin chart signal shows the market bottom is forming, and the current period may be one of the best long-term entry points in the past decade. Over the past decade, the 200-week Simple Moving Average (SMA) has been a key benchmark for identifying Bitcoin's cyclical bottoms. Historically, whenever Bitcoin touches or falls below this moving average, it usually marks the beginning of a macro accumulation phase. For example, in August 2015, Bitcoin touched the 200-week SMA, leading to a bull market and a subsequent rise of over 8500%; in December 2018, after testing this moving average, it rebounded by 267%; during the liquidity crisis in March 2020, Bitcoin bounced back by 1125% after validating the 200-week SMA support; in June 2022, Bitcoin first fell below and consolidated below this average until December 2022, then rose by 680% upon reclaiming it. Currently, the Bitcoin 200-week SMA is at $63,500, while the Bitcoin trading price is around $60,000, slightly below this level. Based on the market history of the past decade, this is considered a major accumulation range for long-term investors. At the same time, it suggests that Bitcoin may still further drop to $54,000 or even $40,000. Therefore, it recommends staggered buying in the range of $58,000 to $40,000 to establish positions in a technical discount area. The key level to watch is $63,500. Once Bitcoin reclaims the 200-week SMA on high timeframes and confirms it as macro support, historically, this often signifies the early stages of a new bull market.

BlockBeats News, June 27, Tokenization infrastructure project Metal has completed its seed round financing with co-leads from Airwallex and Capital49. As part of the investment, Airwallex has joined Metal as its inaugural design partner. Metal is positioned as infrastructure for tokenized financial products, aiming to provide full-stack infrastructure for various tokenized financial products and services, covering institutional-grade privacy and compliance, native custody support, identity and authorization, and global fiat on/off-ramps in as many countries and currencies as possible.

According to Foresight News, Bitget data shows that VELVET has surged over 90% in the past 24 hours, briefly reaching 0.95 USDT. The current price is 0.938 USDT, and the current market value is 348 million USD.