LATEST: More than half of all $BTC in circulation is now held at an unrealized loss, a signal that has coincided with every major bear market bottom in history.
The great capital rotation is quietly setting up.
Take a look at the $BTC / $NDX (Nasdaq) 1W chart. We're printing a massive bottoming formation right at support, backed by a clear divergence on the RSI. (Seeing a similar setup against the S&P 500).
Letโs be clear on what this actually means:
This isnโt a guarantee of an immediate god candle in USD terms. It tells us that tradfi tech is positioned to correct harder than crypto in the coming weeks/months.
The play? Once Bitcoin confirms a solid macro support floor on its USD chart, I expect a decent portion of that exiting Nasdaq liquidity to rotate directly into Bitcoin / Crypto.
This capital rotation is a huge fuel catalyst behind the next major leg up, imo.
4M $CHZ burned in May. 57M unlocked the same month.
World Cup lands in days and most calls Chiliz the obvious trade.
The math disagrees.
Full breakdown of why I took a small position anyway:
The catch nobody's pricing in: $ETH only earns when fund shares actually move.
$BUIDL did 727 transfers in 30 days. At $0.40 each, that's under $300 in fees.
The AUM is real. The fee revenue isn't. Yet.
Issuance has to become repeat onchain activity first. And it'll IMO.
3/3
BlackRock just filed for OnChain Shares on Ethereum.
Tokenized fund AUM on ETH: $19.3B and climbing.
$BUIDL. Fidelity's $FDIT. JPMorgan's $MONY. Same chain, every time.
Institutions aren't experimenting anymore. They're standardizing on one settlement layer. ๐งต
1/3
Why Ethereum? Follow the cash.
$179B in stablecoins live on Ethereum. That's 58% of the entire $308B onchain dollar supply.
Tron is second at $90B. Solana, a distant $13B.
BlackRock is definitely not chasing hype. It's parking next to the deepest pool of onchain money.
2/3
$BTC dominance just hit a decision candle.
59.8%. Sitting on the weekly 55 EMA.
Same level that cracked in August 2025 and gave us 250 days of altcoin-friendly chop.
April reclaimed it from below. Now it's being retested as support. HARSI overbought.
Two paths:
Lose the 55 EMA = altcoins finally breathe.
Hold it = direct shot at 65% and Bitcoin still the King.
One weekly close decides the next quarter.
$BTC dominance just hit a decision candle.
59.8%. Sitting on the weekly 55 EMA.
Same level that cracked in August 2025 and gave us 250 days of altcoin-friendly chop.
April reclaimed it from below. Now it's being retested as support. HARSI overbought.
Two paths:
Lose the 55 EMA = altcoins finally breathe.
Hold it = direct shot at 65% and Bitcoin still the King.
One weekly close decides the next quarter.
@Michael91403457 Pretty much. And the direction matters. Burns went from roughly 11M in March to 4.7M now. Three events, all declining. Right into the biggest catalyst of the year. Thanks a lot, Michael! ๐ค
$CHZ (Chiliz) weekly. Tapped 1.618 fib at $0.027. Below all EMAs, descending channel from 2021 intact.
Added a small DCA for the World Cup.
But the supply math is brutal. Here is why. ๐งต๐
1/2
@adelbucetta Right. If the ETF converts in September, arbing that 42% premium forces real spot bids. That's the difference between a discretionary floor and a structural one. ๐ค
Grayscale's $NEAR trust trades 42% above spot. AUM $1.3M. SEC decision lands in September.
The institutional bid most retail isn't pricing in.
Near Protocol breakdown:
$OTHERS / $BTC weekly is breaking out.
The altcoin market cap excluding the Top 10 is reclaiming the multi-year downtrend against Bitcoin.
Last time this setup printed was December '24. It faked out.
If this weekly closes above, capital is rotating into mid and low caps.