KING-DZ_31

Ethena expelled from the EU — ENA under threat
$ENA

August 6, 2025 — the last day when USDe holders in the EU can withdraw funds. Germany ordered Ethena GmbH to cease all operations, accusing it of violating MiCA and issuing unregistered securities. Fine: €600,000, assets — frozen. After that — only offshore through Ethena (BVI) Ltd.

What about ENA?
The price of ENA has already collapsed to 0.26. This is below all key support levels.
Pressure continues:
💣 Trust is undermined.
🧊 EU — closed.
💸 Liquidity withdrawal continues.

If it doesn't hold above 0.24 — the path opens to 0.20 and below. Recovery is only possible with a clear audit, support for USDe, and new offshore markets.

Conclusion:
ENA — in the risk zone.
Without clear actions from the Ethena team, the price could drop to 0.18–0.16.
Now is not the time for emotions — only strategy.

BTC sharply bounced upward due to news — when Iran and Israel declared a ceasefire, the price began to accelerate. At the time of writing, the price has already risen above 105000.
However, the movement was too sharp, so a pullback may happen after touching the resistance line.

Moreover, various news may still emerge —
although the war is temporarily paused, Trump may stir things up again, for example, by introducing new tariffs.
Without a doubt, Trump is the one benefiting the most from this situation.

🔸 On the chart:
I pay attention to the level 106400 — this is the resistance zone.
On lower timeframes, it looks like a local maximum.
❗ If a "candle with a tail" (pin bar) appears there, it is necessary to enter a short position.

#BTC short

Entry: 106500-107000
Take-profit: 105300-103500
Stop-loss: 107500

#BTC SHORT

Entry: 106950-107950
Take-profit: 105200-103000-...
Stop-loss: 109600

#ENA repeats the path #LUNA ?

What is happening with the Ethena token
On June 6, 2025, the crypto community is alarmed: the ENA token has shown a decline of almost 7% in one day, and large movements have been recorded in the blockchain from the project team.

📉 What happened:

— The team’s multisig wallet transferred 17 million ENA tokens (~$5.68 million) to exchanges Binance, Bybit, and Gate.

— These tokens were unlocked just 3 days ago as part of a large unlock of $54.56 million, increasing the circulating supply by 2.82% in one day.

💬 Investors suspect that the developers have started to dump assets, which could have triggered the accelerated price drop. The team remains silent. Panic is growing.

📌 Why this is dangerous:

— The history resembles the beginning of the LUNA collapse in 2022, when the developers' fund also abruptly dumped assets, crashing the market.

— Increased issuance + transfer of tokens to exchanges = a traditional signal for a dump.

📊 At the time of writing:
— Price: $0.2944
— Decrease in 24h: ~7%
— Trend: bearish, volumes are falling

⚠️ Be careful. Until the team provides transparent comments, risks remain high. No one has forgotten the LUNA scenario.

🟩 Important Macroeconomic Data from the USA – June 6
Key labor market data will be released today:
– Unemployment (forecast: 4.20%)
– Non-farm employment (forecast: +130k)
– Annual wage growth (forecast: +3.7%)

📊 If everything goes as forecasted — the market will perceive this as a neutral signal, with no pressure on the Fed rate.
📈 Moderate support for funds and crypto is possible.
📉 A strong deviation in either direction will cause volatility.

🎯 We are monitoring the reaction of BTC and ETH. On such news, the big players like to set traps.

Signal for #ETH 📈

Entry: around 2455-2425
Take-profit: 2510-2565
Stop-loss: 2398

The world is a game of asymmetric information. Most live in 'reaction' mode, while a few play 'in advance', knowing in advance where the strike or growth will happen.

A global event is like a chess move 10 steps ahead. Whoever first reads the arrangement of figures takes everything: the market, influence, money, power.

This is why major players never share real information — they share noise to distract. And those who can distinguish noise from the signal are the ones who are rich.

Comfort for panickers. This is not a crash — it’s a regrouping.

After the BTC halving in April last year,
everyone was expecting a pump — and it happened:
in January 2025 — $109,500 ATH, but…
instead of continuing — down 26%.

This is not panic. This is technique.
— LTH are not selling off
— Miners are selling moderately
— On-chain is clean: there is no fear → this is just a correction

According to BTC cycles, it should already be at $120,000,
but it’s at $80,000 — and that’s good:
the market has digested the rapid growth, now it’s accumulating fuel.

Like in 2017 —
two corrections of -40% before the final surge.
Right now — everything is according to plan.

Stay the course. Don’t shake with the crowd.
This is not a crash. This is a pause before the shot.

🌍 USA vs China: who will break first — and what will happen to crypto?

The trade war is back.
— The USA imposed 54% tariffs on China
— China retaliated with 84% on the USA
These are not just headlines — this is a battle of attrition.

💥 What about the economy?
— China is losing up to -1.5% GDP (Goldman Sachs forecast)
— The USA is holding up for now, but a shock is just a matter of time
— First blood in Q2: whoever cracks first loses

📉 Markets do not believe in a rebound
— S&P 500: -1.45%
— Chinese ETF FXI: -1.3%
— BTC: -4.4%
— ETH: -8.0%
Even crypto couldn’t withstand — it went down along with the stock market.

🧠 But therein lies the opportunity:
If China devalues the yuan (and it might) —
💸 Money will flow back into bitcoin as a capital protection

> “If the yuan falls — bitcoin will soar” — Arthur Hayes (BitMEX)

📌 Conclusion:
— Q1 statistics are dead — looking towards April
— Panic = opportunity
— Crypto is falling along with everything, but it shoots up before all

Watch the numbers.
Watch the yuan.
Watch the fear.

🐻 A true bear market is not a minus 10%. It's when you lose hope.

Decline — recovery — decline again.
And so on in circles. At least 2–3 times.
Each time you think: "Well, this time it's definitely the bottom."
But it's just the beginning of the next wave down.

Why is that?

Because a bear market is when the market cannot find demand.
During the growth, there was too much of it — it burned out.
Now it needs to be cheap for demand to emerge again.

---

Altcoins are falling now not because everything is bad.
But because they were too expensive before.
Now there is a return to fair pricing.

---

Remember:
— Growth restrains growth.
— Decline generates interest.
— If you want to survive, accept the pain. Don't wait for the bottom; be above it.

Yesterday Powell spoke. And again: nothing.

We expected: — A clear signal for a rate cut
— Acknowledgment that the economy is declining
— Movement

We got: — "We are monitoring the data"
— "The labor market is strong"
— "Inflation may rise"
— And more blah blah

Market: — In a slight stupor
— S&P hasn't recovered
— Crypto is frozen
— DXY is holding on to fear

Conclusion: Powell did not provide clarity = the market remains turbulent
No decisions — means more nerves, more volatility
Rates will be cut — but not because they want to, but because they will be forced to

Now the market is deciding for itself, while the Fed is lagging behind.

Why Powell will have to cut rates — even if he doesn’t want to

Situation: Trump turned on the trade war mode → tariffs up to 46% → the economy is going haywire:

- Inflation is accelerating
- Production is slowing down
- Confidence is falling
- Markets are getting nervous

Powell is in a trap:

- If he doesn’t cut rates — recession
- If he cuts — inflation will remain high
- But the second option is better than an economic collapse

Why there’s no choice:

1. Tariffs hit the consumer
2. The credit market has frozen
3. Investors are already waiting for liquidity
4. Any refusal = panic in the markets

Result: Powell can make a serious face and talk about "data assessment,"
but the truth is that he will be forced to press the button.

The rate will fly down.

We expect a bullish impulse in crypto and the stock market.

This year, two interest rate cuts are expected.

If the cut occurs in June, there will be an increase in April and May due to the expectations of the rate cut.

If the cut happens in September, then the market will show movement in July and August.

Pessimists can be right, but optimists earn.