Globally, the VTS has been moving for 110 days in the range of $60,000-70,000, and all this time, longs are "nightmare", and above, there is a lot of liquidity in the form of swing highs and flat highs, therefore, until the high is renewed, there are no "global" downward reversals I am waiting, and when updating the maximum, I am waiting for an exit to a new range higher on the "cascades of liquidations" of shorts. For example, in 2023, we saw a similar sideways movement, more than 200 days, in which altcoins and longs also suffered, but after that, we saw a rise from $25,000 to $73,000.
And during the last bullish cycle in 2021, the cycle ended after the renewal of the maximum within the framework of the "second top", and now the higher liquidity is "accumulating". $BTC
Yesterday, $ETH decreased along with the entire market, but a record purchase was recorded, the 2nd largest in history for the amount of 298,000 ΕΤΗ (more than $1,000,000,000), and we did not see a special price reaction, the reason is simple, retail sold and capital capital bought. And we have been observing their aggressive accumulation every day since May 24. $ETH
Paradigm Fund reported that it has raised another $850M for its third fund focused on investing in early-stage projects (SEED)
• Commentary: While retail worries about their portfolios and capitulates, a fund with a cumulative return on investment of 1400x (140,000%) over its lifetime portfolio is so convinced of the market's prospects that it raises almost a billion dollars to invest in projects that are still only in the nascent stage. There were outflows from their funds even during the bear market. In this phase of the market, such manipulations are improving the market, disembarking the greedy, throwing off weak hands, even liquidating the CEO of project #CRV , and previously the top fund Alameda Research, Three Arrows Capital and the largest FTX Ventures were liquidated. All of the above "couldn't resist" because they overestimated the risk! The prospects are as bright as possible, but only spot investors who understand why they came to the market will survive.
Фондовий ринок США стоїть на місці, без будь-яких рухів, економічні чинники тут ні до чого, знижується тільки ринок крипти, швидше за все, це маніпуляція або якісь «події» про які ми ще не знаємо всередині ринку. $BTC
→ On the basis of positive macro data, as well as the neutral speech of the head of the Fed - the shares of the largest companies continue to grow.
1 APPLE shares renewed highs and rose 20% higher.
2 NVIDIA shares are up 263% from the high of the previous bull cycle
3 MICROSOFT shares rose 35% from previous highs
4 Shares of META and GOOGLE by 35% and 25%, respectively.
#Bitcoin , at this time, "stomps" at its all-time high and lags behind the stock market - undervalued, although, as a rule, it has always been more profitable than most of them. Most likely, sales of miners after the halving keep it in this range, and MM on the alt, take advantage of the moment to accumulate, it is important to understand that the supply reduction from miners and the exit to the top is a matter of time, given that investors from the stock market, after locking in profits stocks can buy the undervalued spot VTS ETF and soon the ETH ETF directly!
US industrial inflation is positive for the cryptocurrency market: lower than expected. The data comes out one after the other great for rising markets, for the first easing from the Fed - this plays a key role in the "premature cut" of interest rates. At the same time, the stock market is growing and shares are renewing historical highs, while #ВТС and cryptocurrency are lagging behind.
→ Founder Mykhailo Egorov invested in credit platforms since last year: 371M CRV (~$156mln).
→ The price was falling, and in order not to catch the liquidation, he sold CRV tokens through OTS to funds at a price of $0.4, during this time Mykhailo bought a mansion in Melbourne for $41M, and in 2022 he bought an Italian mansion for $59M , instead of "support the price".
→ As a result, large owners began to sell CRV, and the CEO of Curve Finance, from the very morning, began to liquidate on his loans. This leads to panic in the market, as well as a decrease in the price of CRV (the average entry price of funds, including DWF LABS - $0.4). It is not yet clear how this story will end, but the market is nervous
Even funds and big players are not immune to such stories $CRV #crv
The fact that the Fed will begin a pause at this meeting was built into the price by investors' expectations, it will not affect the price. The main part of the evening at 21:30 is the press conference of the head of the Fed, there will be increased volatility, if Powell's rhetoric is positive, the markets will rise. $BTC #FRS