• As part of the launch, GoMining is onboarding an initial set of up to 10 merchants and ecosystem partners.
• GoBTC Pay settles directly on Bitcoin while protecting user ownership and non-custody.

GoMining is announcing the GoBTC Pay Gen1 SDK and API, allowing merchants, wallet providers, and ecosystem partners to integrate Bitcoin payments into real-world products and services.

The introduction represents the next step of GoBTC Pay, GoMining’s layer 1 Bitcoin payment protocol intended to facilitate quick, non-custodial Bitcoin transactions. The Gen1 release changes GoBTC Pay from a restricted demo version into an open infrastructure layer, allowing merchants, wallets, and ecosystem partners to develop and scale Bitcoin payment experiences on top of the network.

As part of the launch, GoMining is onboarding an initial set of up to 10 merchants and ecosystem partners who will begin integrating GoBTC Pay into their products and services.

“Satoshi didn’t create Bitcoin to sit idle in wallets. It was designed to move value between people,” said Mark Zalan, CEO of GoMining. “With the launch of the GoBTC Pay SDK and API, we’re giving merchants and wallet providers the infrastructure to bring that vision into real-world commerce in a way that is seamless and intuitive for users. We believe Bitcoin’s next chapter will be defined by how people use it, in addition to how many people own it.”

GoBTC Pay settles directly on Bitcoin while protecting user ownership and non-custody. The Gen1 version offers merchant onboarding tools, payment management capabilities, a web-based merchant dashboard, online payment connectors, public developer documentation, and an open API for wallet providers and institutional partners.

GoBTC Pay is powered by GoMining’s private 15EH/s mempool based on the Stratum V2 protocol, permitting prioritizing of GoBTC Pay transactions. With an estimated 12-hour average settlement window, GoBTC Pay is meant to protect the essential concepts of Bitcoin while offering a debit card-like payment experience. Users keep custody of their BTC, transactions settle immediately on Bitcoin, and businesses enjoy a smooth payment experience without asking consumers to convert their assets into cash.

Its incentive scheme is meant to harmonize the interests of merchants, wallets, and miners. Merchants pay a 0.2% transaction fee, which is distributed equally between participating wallet providers and miners in the GoMining pool that handle payments. GoMining seeks to promote network expansion and boost actual Bitcoin payment activity for routine purchases by directly compensating infrastructure participants who enable transactions. The launch follows GoMining’s debut of GoBTC Pay at Consensus Miami and represents the beginning of a bigger ecosystem strategy focused on boosting merchant, wallet, and partner acceptance of Bitcoin payments.

GoMining is an all-in-one Bitcoin ecosystem that makes it easy and safe to mine, earn, and spend Bitcoin every day. GoMining services 5 million customers and is in the top-10 Bitcoin miners by hashrate worldwide, with data centers in the U.S. and overseas. The firm makes Bitcoin accessible via tokenized hashrate, and an increasing range of payment and earning tools.

GoBTC Pay is a Bitcoin-native payment protocol created by GoMining that allows rapid, non-custodial Bitcoin payments for businesses, customers, and ecosystem partners. Built to enable real-world commerce while keeping the concepts of non-custody and user ownership, GoBTC Pay offers businesses, wallets, and platforms with the infrastructure required to accept and handle Bitcoin transactions cheaply and promptly. Through its merchant tools, developer APIs, and partner integrations, GoBTC Pay is establishing an open payments ecosystem meant to extend the daily usage of Bitcoin globally.

• A trader has opened a 20x long on 1,653 BTC.
• Bitcoin is currently trading at $63.5K.

A known high-frequency trader, identified as 0x50b3, has captured the market’s attention after opening a massive 20x-leveraged long position in 1,653.8 BTC, valued at around $105.77 million. The move comes amid heightened interest in BTC’s short-term price direction, with traders closely monitoring large leveraged bets for clues about market sentiment.

What makes this position particularly noteworthy is the trader’s recent performance. Since June 2, 0x50b3 has executed 100 trades, reportedly closing 93 of them in profit. The impressive 93% win rate has helped generate more than $6 million in realised gains, making the latest Bitcoin position difficult for market participants to ignore.

Its Potential Impact on Market Sentiment

Large leveraged positions often influence traders’ psychology when opened by accounts with a proven record of success. A single trade can boost bullish emotion and promote greater market involvement, even though it cannot predict Bitcoin’s future course. 

However, because even small price fluctuations can result in large gains or losses, the use of 20x leverage draws attention to the increased risks involved.

Price Action of Bitcoin: Where is it Heading? 

Bitcoin has failed to escape the bearish zone. Currently, it is trading within the $63,587 range, with the daily trading volume having surged by over 27.86%, reaching the $24.1 billion mark. The Coinglass data has reported that the BTC market has seen a 24-hour liquidation of $92.53 million. 

If the bearish grip strengthens, the BTC price may fall to a support range at $63,428. Additional pressure on the downside could trigger the death cross to take place and send the price even lower. Upon the BTC market taking a bullish turn, the price could climb and find the resistance at the $63,649K level. With the uptrend gaining more traction, the golden cross would emerge, pushing the price higher. 

Will Bitcoin Momentum Weakens Further? 

The MACD line is below the zero line while the signal line remains above it; the short-term momentum of BTC has weakened. This setup can be viewed as a warning sign of weakening market strength. In addition, the CMF indicator at -0.05 exhibits slight selling pressure. Bitcoin’s capital outflows are marginally exceeding the inflows. It does not show strong distribution or heavy selling activity.

Besides, BTC’s daily RSI at 41.92 infers a weak bearish tone. It remains above the oversold zone, with the downtrend not extreme. The momentum is subdued, and a strong trend has yet to develop. Also, the BBP value at -824.21 points to a very strong bearish pressure. This level suggests that the bears are dominating, with buyers showing little strength to reverse the prevailing downward move.

Crypto Market Highlights

Humanity Protocol Under Pressure: Will the 24% Drop Open the Door to More Losses?

• Bitcoin may fall to a bottom price of 42,000-44,000.
• BTC is currently trading within the $61.4K mark.

Jiang Zhuoer, a prominent Chinese Bitcoin miner and veteran market watcher, believes the current Bitcoin bear market could reach its final bottom between October and December 2026, with BTC potentially trading in the $42,000–$44,000 range.

The outlook is based on the behaviour of Strategy’s mNAV ratio, a metric that compares the company’s market value to the value of its BTC holdings. According to him, mNAV has fallen to 0.72, approaching the cycle low of 0.7 recorded on May 11, 2022, during the previous market downturn.

While the current mNAV level suggests deep pessimism in the market, Jiang cautioned that an mNAV bottom does not necessarily coincide with Bitcoin’s price bottom. In the previous cycle, Strategy’s mNAV hit its low when Bitcoin traded around $31,017. 

However, BTC continued falling and reached its bear market low of $15,476 in November 2022, roughly six months later. Moreover, based on this historical pattern, Jiang argues that mNAV may serve as a leading indicator rather than a direct signal of Bitcoin’s final price floor. 

He added that current market conditions, including the notable decoupling of Strategy’s STRC-related sentiment indicators, suggest mNAV is already trading within its lowest zone of this cycle.

A Four-Year Cycle Model Points to Late 2026

His forecast is built on a mathematical model that compares Bitcoin’s long-term market cycles to a bouncing ball, where each successive bounce becomes smaller as volatility declines. As Bitcoin’s market cap expands, price swings tend to moderate over time.

Jiang revealed that his recent trading strategy has involved reducing spot exposure and maintaining short positions. If his cycle thesis plays out, BTC could continue facing pressure through 2026 before entering its next major accumulation phase. 

Is Bitcoin’s Price at Risk of a Steeper Downturn?

The largest asset, Bitcoin (BTC), is currently trading at $61,424, with its daily trading volume having surged by over 38.47% to the $42.98 billion mark. During the last 24 hours, the BTC market has experienced a liquidation of $411.91 million, as reported by the Coinglass data. 

If the bearish phase intensifies, the BTC price could fall to the support at $61,320. Upon the downside correction gains more traction, the death cross might form, and send the price even lower. Assuming the current momentum shifts bullish, the price could climb to the resistance at $61,514. With the steady upside pressure, a golden cross would emerge and lead the price action to move up. 

Both the Moving Average Convergence Divergence (MACD) and signal lines are below the zero line, indicating that BTC is in a bearish trend. The sellers remain in control of the broader market, reflecting sustained downside pressure rather than a temporary pullback.

Besides, the daily Relative Strength Index (RSI) at 42.37 suggests a mild bearish trend. It is below the neutral level and remains above the oversold zone, with selling pressure present but not strong. The momentum is balanced, and a clear trend has yet to strengthen. 

Crypto Market Highlights

Humanity Protocol (H) in Freefall: Can Buyers Halt the 35% Slide?

• Bitcoin is hovering around $60.3K, remaining trapped between $58K and $61K levels.
• The BTC indicators point to a cautious market.

Bitcoin (BTC) is continuing to trade within a well-defined range. Price action remains trapped between key support near $58,000 and resistance around $61,000, with repeated attempts to reclaim the $60,000 region falling short. 

Recent trading activity shows buyers stepping in at slightly higher lows, suggesting demand is strengthening despite the lack of a breakout. However, sellers continue to defend the $60K–$61K zone, keeping BTC confined within its current range.

As buying and selling pressure become more balanced, volatility tends to compress before expanding again. The longer Bitcoin remains within this range, the greater the potential for a sharp move once either support or resistance gives way.

Bitcoin Dominance Hints at a Shift in Market Sentiment

Beyond price action, Bitcoin dominance is also drawing attention. The metric has continued to form lower highs, indicating that Bitcoin’s share of the overall cryptocurrency market has been gradually declining.

While this does not guarantee an immediate rotation into altcoins, it suggests that market participants are becoming less concentrated in BTC alone. Some analysts believe recent caution has been driven more by uncertainty than by weakening fundamentals.

For now, a sustained move above $61K could strengthen bullish momentum, while a break below $58K may invite additional selling pressure. Until then, BTC appears to be in a period of consolidation, with traders monitoring both levels for confirmation of the market’s next significant trend.

Is Bitcoin Stuck in an Extended Downward Cycle?

Bitcoin is currently trading at around the $60,384, with its daily trading volume having surged by over 59.33%, and reaching $23.59 billion. As reported by the Coinglass data, the BTC market has witnessed a liquidation of $98.11 million in the last 24 hours. 

The recent trading session of Bitcoin shows the potential of the bears, with the price slipping to the key support at $60,231. Further correction on the downside could easily send the price even lower. Conversely, if the bulls re-entered, the BTC price could move up toward the $60.4K resistance range. With the strengthened upside pressure, the momentum is likely to drive the price higher.

Both the MACD and signal lines are below the zero line, exhibiting that the Bitcoin market remains under bearish momentum. While short-term recoveries can occur, the overall trend remains weak until the indicators move back above the zero line, reflecting a continued downtrend.

BTC’s daily RSI value is stationed at around 44.06, hinting at mild bearish momentum. The sellers have a slight edge, and it is above the oversold zone. This points to a cautious market, where bearish sentiment is present but not strong enough to confirm an extended downtrend.

Crypto Market Highlights

South Korea’s Crypto Push Gains Steam as Kiwoom Moves to Invest in Bithumb

• As part of the launch, GoMining is onboarding an initial set of up to 10 merchants and ecosystem partners.
• GoBTC Pay settles directly on Bitcoin while protecting user ownership and non-custody.

GoMining is announcing the GoBTC Pay Gen1 SDK and API, allowing merchants, wallet providers, and ecosystem partners to integrate Bitcoin payments into real-world products and services.

The introduction represents the next step of GoBTC Pay, GoMining’s layer 1 Bitcoin payment technology intended to facilitate quick, non-custodial Bitcoin transactions. The Gen1 release changes GoBTC Pay from a restricted demo version into an open infrastructure layer, allowing merchants, wallets, and ecosystem partners to develop and scale Bitcoin payment experiences on top of the network.

As part of the launch, GoMining is onboarding an initial set of up to 10 merchants and ecosystem partners who will begin integrating GoBTC Pay into their products and services. 

“Satoshi didn’t create Bitcoin to sit idle in wallets. It was designed to move value between people,” said Mark Zalan, CEO of GoMining. “With the launch of the GoBTC Pay SDK and API, we’re giving merchants and wallet providers the infrastructure to bring that vision into real-world commerce in a way that is seamless and intuitive for users. We believe Bitcoin’s next chapter will be defined by how people use it, in addition to how many people own it.”

GoBTC Pay settles directly on Bitcoin while protecting user ownership and non-custody. The Gen1 version offers merchant onboarding tools, payment management capabilities, a web-based merchant dashboard, online payment connectors, public developer documentation, and an open API for wallet providers and institutional partners.

GoBTC Pay is powered by GoMining’s private 15EH/s mempool based on Stratum V2 protocol supporting prioritizing of GoBTC Pay transactions. With an estimated 12hrs average settlement window GoBTC Pay is aimed to protect the essential concepts of Bitcoin while delivering debit card-like payment experience. Users keep custody of their BTC, transactions settle immediately on Bitcoin, and businesses enjoy a smooth payment experience without asking consumers to convert their assets into cash.

Its incentive scheme is meant to harmonize the interests of merchants, wallets, and miners. Merchants pay a 0.2% transaction fee, which is distributed equally between participating wallet providers and miners in the GoMining pool that handle payments. GoMining seeks to promote network expansion and boost actual Bitcoin payment activity for routine purchases by directly compensating infrastructure participants who enable transactions.

The launch is the start of a larger ecosystem strategy aimed at promoting merchant, wallet, and partner use of Bitcoin payments. It comes after GoMining introduced GoBTC Pay at Consensus Miami.

GoMining is an all-in-one Bitcoin ecosystem that makes mining, earning, and using Bitcoin every day easy and safe. GoMining maintains data centers in the United States and other countries, services 5 million customers, and is one of the top 10 Bitcoin miners worldwide by hashrate. Through tokenized hashrate and a growing range of payment and earning options, the firm makes Bitcoin accessible.

GoMining created GoBTC Pay, a Bitcoin-native payment protocol that allows quick, non-custodial Bitcoin payments for customers, businesses, and ecosystem partners. GoBTC Pay gives businesses, wallets, and platforms the infrastructure they need to accept and process Bitcoin transactions quickly and affordably. It was designed to enable real-world commerce while upholding the concepts of non-custody and user ownership. GoBTC Pay is creating an open payments ecosystem with partner integrations, developer APIs, and merchant tools to increase the widespread adoption of Bitcoin.