π¦π€ #BTC BlackRock says de-dollarization causes central banks to shift to other currencies and alternative assets such as gold, with consideration for Bitcoin.
π #BTC CQ: Retail investors have been selling BTC since the beginning of 2023. The charts show a consistent decline in the assets of this group. Meanwhile, large investors, funds and institutional investors have a clear accumulation trend from the beginning of 2024.
Google searches for "BTC" are still at a low level. So there is no FOMO or hype among retail traders at the moment. The crowd hasn't woken up yet.
Google searches for "BTC" are still at a low level. So there is no FOMO or hype among retail traders at the moment. The crowd hasn't woken up yet.
π¦πΊπ¨ββοΈ Australia's Federal Court has ruled that Finder's Earn product is not a financial instrument, rejecting ASIC's appeal. cointelegraph
π° Bitzero has received $25 million in funding to expand its cryptocurrency mining operations. theblock.co #mining
π #SOL Solana developers plan to increase block limit by 66% to 100 million compute units to further increase network capacity. theblock.co
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ππ° Hong Kong will implement the Stablecoin Law on August 1, making it illegal to offer or promote unlicensed fiat-linked stablecoins to retail investors. cointelegraph
π¨ππ° #BTC Swiss tech company SEALSQ has raised $30 million to buy Bitcoin for its balance sheet.
π According to JPMorgan, inflows into digital assets have risen to $60 billion since the beginning of the year. coindesk
π #DBR deBridge is launching a reserve fund to buy back its DBR token with all proceeds from the protocol. theblock.co
The Psychology of Altseason: My Core Principle, Learned Over Years
Friends, I want to share a lesson that will save you a lot of money and stress over the next two months.
In a fast-moving altseason, most people lose money because of 3 mistakes:
1. Selling Winners: They close a +20% rocket to buy a coin that "hasn't pumped yet."
2. Buying Losers: They invest in falling assets, hoping to catch the bottom.
3. Losing Focus: They open too many trades instead of concentrating on the leaders.
Remember this one principle that will change your trading:
REINFORCE STRENGTH.
Don't look for "dark horses." Look for leaders. This is an attention market. Money flows into what is already growing and flying. Your job is to be in that flow.
And one more thing. Please, listen to me.
β‘οΈ RULE FOR THE NEXT 2 MONTHS: DO NOT SHORT ANYTHING.π
Every 15-25% correction on a strong project is a buying opportunity, not a top signal. This is how past cycles have worked. This is how this one will work.
Here's what it looked like on the APT chart last cycle. Every one of these pullbacks was an entry point, not the end of the trend. This is a visual guide for what's to come.
If your project is stuck while others are flying, it's time to reconsider. Remember the SUI (10x) vs. APTOS (4x) example? Market attention is everything.
This is just a fraction of the ideas from my new major post on TradingView. Make sure to read the full analysis, it contains the complete strategy. β‘οΈLINK
Best regards @EXCAVO
Friends, I want to share a lesson that will save you a lot of money and stress over the next two months.
In a fast-moving altseason, most people lose money because of 3 mistakes:
1. Selling Winners: They close a +20% rocket to buy a coin that "hasn't pumped yet."
2. Buying Losers: They invest in falling assets, hoping to catch the bottom.
3. Losing Focus: They open too many trades instead of concentrating on the leaders.
Remember this one principle that will change your trading:
REINFORCE STRENGTH.
Don't look for "dark horses." Look for leaders. This is an attention market. Money flows into what is already growing and flying. Your job is to be in that flow.
And one more thing. Please, listen to me.
β‘οΈ RULE FOR THE NEXT 2 MONTHS: DO NOT SHORT ANYTHING.π
Every 15-25% correction on a strong project is a buying opportunity, not a top signal. This is how past cycles have worked. This is how this one will work.
Here's what it looked like on the APT chart last cycle. Every one of these pullbacks was an entry point, not the end of the trend. This is a visual guide for what's to come.
If your project is stuck while others are flying, it's time to reconsider. Remember the SUI (10x) vs. APTOS (4x) example? Market attention is everything.
This is just a fraction of the ideas from my new major post on TradingView. Make sure to read the full analysis, it contains the complete strategy. β‘οΈLINK
Best regards @EXCAVO
π΅π³ #BTC Wallet that hasn't been used since 2011 moved 3962 BTC worth ~$468M a couple hours ago.
π€π #ENA Anchorage Digital have partnered with Ethena Labs to launch a stackablecoin
ππ° #ETH Bitmine purchased ETH already at > $2 billion (566,776 ETH)
πΊπΈπ #macro US (July; Prev):
- S&P Composite PMI: 54.6 (previous: 52.9);
- S&P Manufacturing PMI: 49.5 (previous: 52.9);
- S&P Services PMI: 55.2 (pred: 52.9).
- S&P Composite PMI: 54.6 (previous: 52.9);
- S&P Manufacturing PMI: 49.5 (previous: 52.9);
- S&P Services PMI: 55.2 (pred: 52.9).