[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"news-aggregator-in-brief-12h-6245533":3},{"id":4,"timestamp":5,"title":6,"content":7,"link":8,"preview":9,"tags":10,"predictedTags":11,"showTags":12,"source":13,"reactions":14,"selfReactions":15,"logo":16,"sourceId":17,"sourceUserId":18,"asset":19,"tagsCategories":20,"totalComments":21,"lang":22,"unique_views_count":23,"enrichStatus":24,"triageKind":25,"triageImportance":26,"expandEligible":27,"summarizeEligible":27,"eventEligible":27,"eventType":28,"eventAction":28},"in-brief-12h-6245533","1792066010052","Toscale Digest: BTC Liquidations & ETF Outlook (12h)","\u003Cp>Crypto markets are grappling with a $957 million liquidation wave that has placed Bitcoin under intense scrutiny near the critical $80,000 threshold. While macro data from Australia showed mixed employment signals, the immediate focus remains on structural shifts in BTC liquidity and new ETF developments in Southeast Asia. For traders navigating this volatility, \u003Ca href=\"https://toscale.io/\" target=\"_blank\">Toscale\u003C/a> provides essential real-time tracking to manage risk effectively.\u003C/p>\u003Cp>The recent liquidation event underscores the fragility of leveraged positions as Bitcoin tests key support levels. Analysts warn that a break below $80,000 could trigger further downside momentum, making this level a decisive battleground for bulls and bears alike. The sheer volume of forced closures highlights the sensitivity of current market conditions to even minor price fluctuations.\u003C/p>\u003Cp>In regulatory news, Thailand is preparing to launch its first Bitcoin and Ether ETFs under new local frameworks. However, projections suggest initial inflows will be modest, echoing the sluggish start seen in Hong Kong’s crypto funds. This cautious outlook contrasts with the aggressive positioning seen in other major markets, indicating a slower adoption curve for institutional capital in the region.\u003C/p>\u003Cp>Simultaneously, Babylon Labs has proposed a native Bitcoin lending solution on Aave, aiming to eliminate bridge risks by using non-transferable Ethereum tokens as collateral. The community vote is currently underway, marking a significant step toward deeper integration of BTC into DeFi protocols without relying on traditional custodians.\u003C/p>\u003Cp>Calendar — past:\u003C/p>\u003Cp>\u003Ca href=\"https://toscale.io/economic-calendar?q=Employment+Change+s.a.&range=week&event=fxst-24deb0b5-7859-487b-a8bf-c9ba578c5d4a\" target=\"_blank\">Employment Change s.a.\u003C/a> released at -39.3K against a forecast of 19.6K, signaling unexpected weakness in the Australian labor market. The \u003Ca href=\"https://toscale.io/economic-calendar?q=Unemployment+Rate+s.a.&range=week&event=fxst-53c49d70-06aa-48b2-9023-4299940afe21\" target=\"_blank\">Unemployment Rate s.a.\u003C/a> rose to 4.7% from 4.6%, further confirming the cooling trend.\u003C/p>\u003Cp>Calendar — ahead:\u003C/p>\u003Cp>The primary upcoming event is the US \u003Ca href=\"https://toscale.io/economic-calendar?q=Monthly+Budget+Statement&range=week&event=fxst-8292c36b-4806-4a20-9e73-0dc891fa5e5e\" target=\"_blank\">Monthly Budget Statement\u003C/a> at 18:00 UTC, with a forecast of -28.0 billion versus the previous -166.8 billion.\u003C/p>\u003Cp>Market read:\u003C/p>\u003Cp>Bitcoin’s proximity to $80,000 demands close monitoring as liquidation pressure remains elevated. Traders should watch for follow-through volume on any breakdown below this level to confirm further downside targets. The modest inflow expectations for Thai ETFs suggest limited immediate upside catalyst from new institutional products. Meanwhile, the Aave-Babylon proposal could offer long-term structural support by enhancing BTC utility in DeFi. Near-term price action will likely remain range-bound until clearer macro direction emerges from upcoming US data.\u003C/p>","https://toscale.io/news-aggregator/in-brief-12h-6245533","https://toscale.io/images/default-news/0.jpeg","[\"In Brief\",\"12h\",\"Bitcoin\",\"ETF\",\"Liquidations\",\"DeFi\"]","[\"Ethereum\",\"ETH\",\"Bitcoin\",\"BTC\",\"BTC\",\"Near\",\"Step\",\"STEP\",\"Native\",\"Market\"]","[{\"img\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/coins-lib/full-library/color/ETH.png\",\"name\":\"ETH\"},{\"img\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/coins-lib/full-library/color/BTC.png\",\"name\":\"BTC\"},{\"name\":\"Near\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/blockchains/near.png\"},{\"img\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/coins-lib/full-library/color/STEP.png\",\"name\":\"STEP\"},{\"name\":\"Native\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/native.png\"},{\"name\":\"Market\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/market.png\"}]","533",[],[],"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/news-feeds/sources/toscale-digest.png","Toscale Digest",null,"","[\"Crypto\",\"In Brief\",\"Official\"]","0","EN","1","done","other",0,false,"none"]