Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Mantra CEO Denies Dumping: Mantra CEO John Mullin refuted claims of insider selling behind OM's 90% crash, blaming wallet misidentification.

2. 📈Technical Analysis Masterclass - Something exciting is brewing on the Bitcoin chart. Watch UseTheBitcoin’s latest Youtube video “The Next Bitcoin Breakout Could Make You Rich” to see if Bitcoin could move toward $130,000 or join our Official Telegram Channel for more alpha!

3. Bybit Fee Claims Disputed: Bybit denied allegations of charging $1.4M for listings and silencing student ambassadors.

4. 💡Feature of the Day - Saylor Adds 3.4K BTC: Michael Saylor’s firm acquired 3,459 BTC for $285.5M, reinforcing its bullish stance.

   
   All this and more in today’s headlines!

📰 News Highlights:

Mantra CEO Denies Accusations [Source][Source][Source][Source]

Mantra CEO John Mullin denied allegations of insider dumping related to the 90% OM token crash, claiming wallets accused of offloading millions in tokens before the price drop were misidentified.

Blockchain analytics platforms like Arkham and Lookonchain suggested Laser Digital and other key investors may have moved OM tokens to exchanges just before the crash.

Mullin insisted that no affiliated parties, including Laser or Shorooq Partners, sold tokens during that time, promising on-chain proof of innocence.

 📈Technical Analysis Masterclass:

The Next Bitcoin Breakout Could Make You Rich

🔍 The Bullish Pattern You Need to Know

• Falling Wedge Forming

  • Two downward trendlines converging = a classic bullish reversal signal

  • This pattern often leads to a strong breakout

  • Think of it like a compressed spring—pressure is building

• Bullish Flag Setup

  • Zoom out, and you’ll see a flagpole and flag pattern

  • The previous breakout acts as the pole; the current wedge is the flag

  • This bull flag pattern suggests the uptrend is far from over

📈 What’s the Target?

• If Bitcoin breaks out above the wedge, the projected move—based on the flagpole length—puts the target around:
  👉 $130,000

📊 Why This Is More Than Just a Pattern

• Above the 200-Day Moving Average (200MA)

  • Bitcoin is now trading above this key technical level

  • Historically, breaking above the 200MA signals a confirmed uptrend

  • If it holds, that level becomes strong new support, fueling even more momentum

⚠️ Don't Ignore the Risks

• Global events, regulations, whale activity, or unexpected sell-offs can still cause volatility

• Always manage your risk and stay informed—no pattern is foolproof

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Bybit Fee Controversy [Source][Source]

Bybit has denied claims that it charges $1.4 million in listing fees after an X user accused the exchange of demanding excessive payments and silencing student ambassadors.

CEO Ben Zhou challenged the accuser to provide evidence and emphasized the crypto space's vulnerability to unfounded rumors.

A spokesperson clarified that Bybit only requires a $200,000–$300,000 deposit, along with a promotional budget and a formal evaluation process for token listings.

🎁Freebie:

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💡 Feature of the Day: 

Saylor Buys Bitcoin [Source][Source][Source]

Michael Saylor’s firm, Strategy, acquired 3,459 Bitcoin for $285.5 million, reaffirming its bullish stance on Bitcoin amid macroeconomic uncertainty.

This brings the firm’s total holdings to over 531,000 BTC valued at $35.9 billion, with an 11.4% yield since 2025 began.

The purchase follows a $1.9 billion acquisition in March and shows continued confidence despite broader market pullbacks triggered by global trade tensions.

😂 Crypto Meme of the Day: 

Meme of the day provided by @Black Enterprise

And that’s it for this today.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com