📊 #BTC Long-Term Holders - investors who held for 155 day or more - still command 53% of supply despite recent distribution. The enduring concentration signals more supply could unlock if price rises - requiring sustained demand to absorb it.
📊👀 #BTC CQ: The futures market has been cooled down, Bitcoin preps for the next leg. The volume bubble map indicates a transition back into neutral and even cooling phases (grey and green bubbles), suggesting reduced speculative pressure in the futures market.
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🇺🇸👀 #macro Only Waller and Bowman voted for the rate cut, the other 9 representatives voted against it
🇺🇸🇧🇷 #tradewars Trump signs executive order imposing additional 40% duties on Brazil
🇺🇸🗣 #macro Powell:
- Inflation remains above target, tariffs are pushing some prices higher;
- Growth is moderating, consumer spending is slowing;
- Labor market shows cooling, but unemployment stays low;
- Monetary policy is moderately restrictive — no rush to cut or hike;
- Still too early to decide on September move;
- Fiscal stimulus (tax bill) seen as minimal;
- Tariff impact on inflation may be longer-lasting than expected.
- Inflation remains above target, tariffs are pushing some prices higher;
- Growth is moderating, consumer spending is slowing;
- Labor market shows cooling, but unemployment stays low;
- Monetary policy is moderately restrictive — no rush to cut or hike;
- Still too early to decide on September move;
- Fiscal stimulus (tax bill) seen as minimal;
- Tariff impact on inflation may be longer-lasting than expected.
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🇺🇸👀 #macro Traders now expect fewer than two Fed rate cuts this year and no longer expect a rate cut in October.
📊🤔 #BTC Glassnode: Total unrealized profit of all Bitcoin holders hit a new high of $1.4T. This massive paper gain concentration sets the stage for potential future distribution pressure if prices continue higher.
🕵️♂️ #BTC CQ: Supply Rotation Alert: 223,602 BTC shifted from Long-Term Holders to Short-Term Holders in the last 30 days. Momentum is building in the LTH → STH trend.