🔥 Bitcoin fell to $58,000 as whales sold off. On-chain data shows that much of this move came from large players — those holding between 1,000 and 10,000 BTC. This whale activity could create a ripple effect. As large holders dump their Bitcoin, it could spook other investors, leading to a temporary local selling cascade that would drive prices down even further.

🎯 But globally, BTC has been forming a massive “Cup and Handle” on the daily/weekly chart since 2022. A “Cup and Handle” is a bullish chart pattern in Bitcoin trading that resembles a cup and handle. It typically consists of a rounded bottom (the cup) followed by a small downward drift (the handle), indicating a potential upside breakout.

🚀In fact, BTC continues to consolidate in a nearly six-month price range that is becoming increasingly narrow and makes an upward breakout inevitable…

Bitcoin ETF is#4in the World

I looked at the statistics on ETFs in the world. Of the 10 largest ETF funds, only VOO (Vanguard S&P 500 ETF), IVV (ETF iShares S&P 500) and QQQ (Invesco ETF Nasdaq 100) attracted more funds than Bitcoin ETF. A positive sign, given the size of these ETF funds compared to all Bitcoin ETFs combined. Now the main thing is to overcome the upcoming September, which is always weak for financial markets.

The total market capitalization of stablecoins reached a new historical maximum of $ 168 billion. The growth of this indicator has been observed for 11 months in a row and indicates an influx of new money into the industry.

Last week, the inflow of funds into investment products for digital assets amounted to $ 533 million, which was the largest inflow in the last five weeks. The surge followed Jerome Powell's remarks at the Jackson Hole Symposium.

A month after the launch of Ethereum, ETFs received $3.1 billion in inflows, partially offset by outflows from Grayscale Trust.

This year, there has been a record growth of new large wallets with balances of 1000+ BTC. As we can see, the accumulation stage is underway globally, with institutional investors actively participating.

Financial giant BlackRock has achieved the status of a leading player in the market in just six months - two crypto ETFs control the largest volume of digital currencies in the world in the spot exchange-traded crypto funds market.

So far, BTC is trading below the 200-day SMA, which formally indicates bearish sentiment. The nearest support level is the 365-day simple moving average ($50,000). Tens of thousands of new bitcoins from US government crypto wallets may be dumped onto the market in the near future. Therefore, the market will certainly feel the negative impact of such operations.

The Altcoin Season Index is falling and has reached 20. Last week, the net outflow from spot Ethereum ETFs was $14.16 million. The largest outflow so far was observed from the Grayscale ETF - $118 million. At the same time, the BlackRock ETF saw an inflow of $76.35 million. In total, since the launch of the Ethereum ETF, the total outflow was $420 million. We are waiting for the end of the sale of Grayscale funds...

The market is in a period of uncertainty and risks of further price correction remain. The bull-bear market cycle indicator is hovering around the BEAR phase.

There has been a decrease in capital inflows into Bitcoin and Ethereum over the past two weeks — from $20 billion to $14 billion. At the same time, the inflow into stablecoins has increased — from $2 billion to $4 billion. According to analysts at Qryptoquant, the volume of stablecoins on exchanges is now at historical highs. The inflow of stablecoins is a key sign that fiat dollars are being converted into cryptocurrency, and then usually moved into coins such as BTC or ETH.

Globally, despite the recent correction to five-month lows, Bitcoin may extend its bullish rally for another year. Based on the analysis of Bitcoin's behavior in previous cycles, the bullish trend may last until the third quarter of 2025.

We have a powerful strait again - BTC fell in price by 15% in a week. The total capitalization of all altcoins decreased to $850 billion. At the same time, ETH accounts for $320 billion, $110 billion for USDT. Crypto market capitalization excluding Bitcoin has returned to the level of May 2022. 2 years of growth were lost by the current state of affairs on the market...

Ethereum fell below $2,700, the lowest price in 6 months. Within a week, ether fell in price by almost 20%. Definitely worth buying.

💥 Crypto falls following the stock market, amid worsening geopolitical risks and other problems. On Friday, the American stock market lost almost 3 billion $ capitalization in one day - this is the maximum sales since Covid-19. Japanese shares have fallen in value to the highest level since 1987! But I’m still in a positive mood for now, because... Historically, whenever the Fed cuts rates, the stock market always (no exceptions yet) peaks 2-4 months later. Let me remind you that in September the Fed rate is expected to be cut and the active stage of the US elections will begin. For me, now is the final stage of withdrawing excess money before stimulating markets.

Market Review. From the point of view of technical analysis, we need to break through the level 73.000$ to continue the upward movement of $BTC . An analysis of the stablecoin exchange ratio shows that selling pressure is at its lowest level since March 2023.

On the stock market, gold reached $2,200 for the first time, and the S&P 500 continues to expand, which indicates an increase in investment in the US IT sector. As a rule, investors channel profits from growing IT stocks and gold into Bitcoin and altcoins.

Yesterday, Larry Fink, CEO of BlackRock, said that the Bitcoin ETF is the fastest growing in the financial history of the world. Hong Kong companies have also begun filing applications to create a Chinese Bitcoin ETF. BlackRock is expanding its investment in crypto. The BlackRock BUIDL tokenized fund has reached a capitalization of $244.8 million, and in total there are already more than $1 billion in treasury bonds in tokenized funds

The widespread use of memcoins contributes to the accelerated growth of the cryptocurrency market, Messari analysts believe. The most popular meme digital assets remain Dogecoin and Shiba Inu.

On this day exactly one year ago, SOL was worth $20. More than 8 X's today for those who hold.

$Token has grown by 200% in 10 days! Why did he grow so big?

📈Let me remind you that the market was excited by BlackRock’s announcement (let me remind you that this is the largest investment fund in the world and the leader in the influx of funds into BTC ETFs) about the creation of a digital liquidity fund and the continuation of work in the RWA field.

💰RWA - placing traditional financial products such as direct investments, debt obligations or real estate rights on blockchains. The market for tokenized assets could grow to $10 trillion this decade as traditional financial institutions continue to embrace blockchain technology.

$Token is just from the RWA sphere. In the near future I want to enter at an early stage into several promising projects in the RWA sector!