Daily Crypto Signals: Bitcoin Faces $60K Test, Chainlink Powers Tokenized Stock Lending on Ethereum
Bitcoin slipped to $65,800 on Wednesday amid mounting bearish pressure, with analysts warning that a liquidity void between $60,500 and
Quick overview
- Bitcoin dipped to $65,800 amid bearish pressure, with analysts warning of a potential retest of the yearly low at $59,800 due to a liquidity void.
- Chainlink has integrated price feeds for tokenized US equities, enabling them to be used as DeFi collateral for the first time.
- BlackRock launched its USD Institutional Digital Liquidity Fund on Uniswap, marking its entry into decentralized finance and causing a significant spike in UNI trading activity.
- Danske Bank announced it will allow customers to purchase Bitcoin and Ether ETPs, driven by consumer demand and regulatory clarity under the EU's MiCA regulation.
Bitcoin BTC/USD slipped to $65,800 on Wednesday amid mounting bearish pressure, with analysts warning that a liquidity void between $60,500 and $66,000 leaves the yearly low of $59,800 vulnerable to a retest in the near term. Meanwhile, Chainlink LINK/USD cemented its role as the backbone of tokenized finance, with Ondo Finance going live on Ethereum ETH/USD with Chainlink-powered price feeds for SPY, QQQ, and Tesla stock, enabling the tokenized equities to be used as DeFi collateral for the first time.
Crypto Market Developments
The cryptocurrency market saw a lot of headlines on Wednesday. By listing its USD Institutional Digital Liquidity Fund (BUIDL), a tokenized US Treasury instrument, on the Uniswap decentralized exchange and acquiring an undisclosed quantity of UNI governance tokens as part of the deal, BlackRock launched its first official foray into decentralized finance. With a 461% spike in trading activity, the announcement caused UNI to soar to $4.30.
The biggest bank in Denmark, Danske Bank, which has over five million users, also declared that it will enable self-directed consumers to purchase Bitcoin and Ether ETPs from WisdomTree and BlackRock through its online banking services. The bank stated that the move was primarily influenced by increased consumer demand and enhanced legal certainty under the EU’s Markets in Crypto Assets (MiCA) regulation.
Nearly all of the tokens backed by gold drove the tokenized commodities market to surpass $6.1 billion in total value, a 53% increase in less than six weeks. Leading the rush was Tether Gold (XAUt), whose market capitalization increased 51.6% to $3.6 billion in the last month, while PAX Gold increased 33.2% to $2.3 billion. Both tokenized stocks and tokenized funds have underperformed compared to tokenized commodities, which have already increased 360% annually.
Bitcoin Dips to $65,000 on Wednesday
Wednesday saw Bitcoin continue its recent decline, falling to $65,800 after a short intraday surge to $69,800 failed to hold. The move trapped breakout buyers and increased selling pressure by validating a swing failure pattern on the one-hour chart. After being repeatedly rejected in the $70,000–$72,000 resistance zone, Bitcoin has now established a number of lower highs. At the moment, it is trading below both its 50- and 100-period exponential moving averages, a configuration that analysts see as short-term bearish control. There is now little purchasing interest, as indicated by the Relative Strength Index’s path toward oversold territory.
The main concern that the market is keeping an eye on is a “liquidity void” that was found in Bitcoin’s order book data and ranges from $66,000 to $60,500. Over $350 million in leveraged long positions are still stacked close to $60,500, which is also the level that corresponds with last week’s annual low of $59,800. The price tends to move swiftly through low-liquidity zones to hit concentrated stop clusters below. Bitcoin is consolidating inside a falling channel close to $66,500, according to analyst EliZ. A break below this level might take the price into the $63,400–$64,600 support zone before perhaps revisiting $60,000. The majority of traders anticipate that in the near future, Bitcoin will be rangebound between $60,000 and $72,000.
Chainlink Integrates Price Feeds for Ondo Tokenized Equities
Ondo Finance confirmed Wednesday that Chainlink price feeds for three tokenized US equities, SPYon (SPDR S&P 500 ETF), QQQon (Invesco QQQ ETF), and TSLAon (Tesla), are now live on Ethereum, marking a significant step toward Chainlink becoming the standard oracle infrastructure for tokenized securities. The feeds offer real-time onchain pricing that takes business actions like dividends into account. They are based on a cooperation that was formally established between the two companies in October 2025. Previously unavailable to tokenized stockholders, they are now being utilized on the Euler lending protocol, where users can post the tokenized stocks as collateral to borrow stablecoins.
The integration solves a fundamental issue that had impeded the growth of the larger tokenized equity market: DeFi protocols were unable to securely define collateral parameters or oversee liquidations for these assets in the absence of trustworthy onchain price feeds. In order to enable lending, structured products, and other DeFi use cases for tokenized equities, Ondo and its partners plan to combine exchange-linked liquidity with Chainlink’s oracle infrastructure. As Oracle coverage grows, more stocks and ETFs will be included, according to Ondo. The announcement comes as major financial organizations, like as the NYSE, Nasdaq, and Robinhood, are competing to develop blockchain infrastructure for tokenized US assets.
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