Bitcoin DeFi Breakthrough With PerpDEX—Will It Finally Reverse the Bearish Trend?

Bitcoin just made a big leap in the decentralized finance (DeFi) space with the announcement of Velar’s PerpDEX—the first perpetual exchange to be native to Bitcoin. Built on Stacks, a Layer 2 Bitcoin network, this will give traders access to BTC perpetual trading with leveraged futures while retaining full control over their assets. Unlike existing exchanges that force you to wrap your Bitcoin or rely on a third-party custodian, Velar PerpDEX lets Bitcoin holders trade perpetual contracts directly. With its inaugural pair, sBTC-USDh powered by Hermetica’s synthetic Bitcoin dollar, this exchange is paving the way for an entirely new range of financial products built in and around Bitcoin. 

Unlocking New Capital Efficiency for Bitcoin Holders

Velar PerpDEX is designed to bring deep liquidity and enhanced trading tools to the Bitcoin ecosystem. Utilizing Stacks’ quick block times and decentralized infrastructure, the platform allows for the seamless execution of BTC perpetual trading with Bitcoin-backed finality. This is a significant step for the Bitcoin DeFi market, as perpetual trading has always been something Ethereum and other smart contract blockchains have exploited for many years. As more trading pairs are expected to be launched, BTC holders will have increased access to derivative markets while remaining in the Bitcoin network.

A New Era of Bitcoin-Based Trading

The introduction of PerpDEX could unlock significant value within the Bitcoin DeFi ecosystem, allowing long-term BTC holders to deploy their capital more efficiently while mitigating custodial risks. Velar’s integration with USDh ensures that users can trade with a Bitcoin-native, yield-bearing stablecoin, further reinforcing Bitcoin’s growing role in DeFi. As institutions and traders look to take advantage of new opportunities in Bitcoin-based derivatives, it is reasonable to assume that price moves should show rising demand for new financial products, if only when a product is available. In this context, we will take a look at Bitcoin’s price action to evaluate to what extent the aforementioned events have impacted the market sentiment and key technical support and resistance levels.

Price Analysis and BTC Price Prediction

Bitcoin continued its four-day downward path as the trading day began on March 28. At 00:40 UTC, a golden cross appeared on the MACD, suggesting that the price would rise again. But at 2:00 UTC, a death cross swiftly followed this small jump, and a fresh negative trend emerged. At 04:30 UTC, another death cross confirmed the downward trend. Following an oversold signal from the RSI, a golden cross appeared by 05:45 UTC, providing short-term respite from additional falls. Selling pressure, however, continued. A short-term support zone at $85,000 was created by a following golden cross at 08:35 UTC, which gave the market a platform for a slight price recovery.

Chart 1, Analyzed by Alokkp0608, published on March 29, 2025.

Before another death cross at 13:45 UTC brought the price of Bitcoin back down, it had risen to about $85,550. At $83,530, a crucial support level was established in tandem with the oversold RSI signal. At $83,530 and $85,840, respectively, the levels of support and resistance are currently in place. The price of Bitcoin has remained reasonably stable between $84,600 and $83,740, even after it has found new support level. Bitcoin is still trading in a narrow range at the beginning of a new trading day on March 29, which highlights the market’s hesitancy and caution. 

Bitcoin DeFi Push: A Catalyst for Recovery or Will Bearish Pressure Prevail?

Bitcoin’s move into Bitcoin DeFi with Velar’s PerpDEX is a huge milestone that enables traders to access leveraged perpetual contracts while retaining full custody of their assets. This breakthrough has the potential to unlock significant capital within the Bitcoin ecosystem, but we cannot yet ascertain its effect on price. BTC has struggled to find upward momentum after another death cross indicated ongoing bearish pressure

Although the support at the $83,530 level has held, Bitcoin continues to be range-bound between the $83,740 and $84,600 levels, demonstrating indecision from the market. It will be interesting to see over the next few days whether Bitcoin will break above this range-bound consolidation or if further downside will come. The BTC price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action..

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