Bitcoin and major altcoins saw modest gains on Monday as easing oil prices and hopes for an Iran-U.S. deal provided a tailwind. BTC rose 1.4% to $63,985, with ETH up 2.4% and SOL/BNB gaining ~1.5%. However, the broader market remains soft, with the CoinDesk 20 Index slightly lower over 24 hours. Analysts at Marx note BTC is stuck between key support near $60,000 and resistance around $66,000-$68,000, warning they do not 'chase the middle.' Additionally, chart analysts highlight a bearish bear flag pattern that could send prices toward $54,000. Derivatives data shows elevated volumes (BTC volume +30% to $129.9B) but negative CVD across most major tokens, indicating sellers are driving price action. Options markets favor downside protection, with BTC and ETH puts trading at a premium to calls. Taiko's TAIKO token plunged 30% after its bridge was exploited, with the attacker stealing 2 million TAIKO (~$170,000) and moving funds to MEXC. The exploit breached Taiko's chain-state verification mechanism, underscoring cross-chain bridge risks.

Key facts

• BTC up 1.4% to $63,985, stuck between $60K support and $66K-$68K resistance.
• Bear flag pattern on daily chart could push Bitcoin toward $54,000.
• Derivatives show negative CVD across most tokens, sellers driving price action.
• Taiko bridge exploited, TAIKO drops 30%; attacker stole 2M tokens ($170K).
• BTC and ETH options premiums favor puts, signaling downside hedging demand.

KeyAudit data perspective