Crypto Chartist ™️
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#GMXUSDT 1D

#GMX has broken the descending channel to the upside on the daily chart. It is currently trading above the daily MA50. Expect some upward movement from here. Targets are:

🎯 $18.35
🎯 $21.33
🎯 $23.29
🎯 $27.28
🎯 $31.27

⚠️ Use a tight stop-loss.
🇺🇸 Texas House passes second reading to establish a Strategic Bitcoin Reserve.
🇺🇸 Spot Bitcoin ETFs bought +26,700 BTC so far in May while miners only mined 7,200 bitcoin
DATA : 💰 3 mining pool control over 50% of the hashrate on Bitcoin.
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🗽📊 The US holds just 4% of the world’s population but controls 40% of global #BTC holdings.
📈 #SOL Solana generates more weekly network revenue than all other L1 and L2 networks combined, per Token Terminal data.
🤔 #BTC CQ: On the daily timeframe, compression is building up again - the third instance in this bull cycle. A similar pattern of three compressions preceded the 2018 rally. Very soon, we'll see just how tightly the spring has been coiled this time.
💸🤓 The Law of Large Losses — the deeper the drawdown, the steeper the road to recovery.

If you lost 10%, you only need +11% to recover, but if you lost 50%, you already need +100% to get back what you lost.
📊🤔 #BTC Bloomberg Analyst: BlackRock is now the 2nd largest BTC holder after Satoshi

With 636,108 BTC, BlackRock is already 57% of the way toward becoming the largest Bitcoin holder in the world — a milestone it could reach by next summer.

But if BTC hits $150K in the coming months, we might see a wave of advisor-driven inflows, accelerating that timeline significantly.

US ETFs combined already hold over 1.18M BTC
🕵️ CQ: 8,511 #BTC from the 3-5 year band just moved on-chain — marking the 22nd such event this year where aged coins (> 5000 BTC) shift. Dormant supply is showing signs of life.
📊🤔 #BTC Fidelity’s Jurrien Timmer says Bitcoin may be replacing gold again as BTC breaks $100K, favoring a 4:1 gold-to-BTC allocation.
📊🤔 #BTC Fidelity’s Jurrien Timmer says Bitcoin may be replacing gold again as BTC breaks $100K, favoring a 4:1 gold-to-BTC allocation.