๐ฐ#ETHUSDT | 15M Timeframe ๐ฏ*
ETH is trading inside a symmetrical triangle. ๐
A breakout above trendline resistance would signal bullish momentum, while a breakdown below trendline support could indicate further downside.๐
BREAKING: Michael Saylor's Strategy sold $334 million of $MSTR stock and increased its USD reserve by $150 million.
Total USD reserves now stand at $4.8 billion.
JUST IN: ๐บ๐ธ Treasury Secretary Bessent says the US Treasury is rapidly moving to implement the GENIUS Actโs crypto stablecoin framework.
CLARITY IS COMING!
It has been a bad week for Crypto
- $85 Billion wiped from total Crypto mcap
- BTC fell to a 31-day low of $62,500
- BTC ETFs saw $389M in outflows, biggest in 6 weeks
- Saylor's Strategy sold another $108M worth of BTC
- Altcoin mcap hit its lowest weekly close
Vanguard raised its $MSTR stake to $3.16B and increased its $BMNR holdings.
Norwayโs sovereign wealth fund bought $88M worth of $BMNR.
Smart money is accumulating because they know the next $BTC & $ETH cycle will be WILD.
Only 3 times in Bitcoinโs ENTIRE history have short term holders capitulated at levels like these.
Each time, the bottom was near and Bitcoin went parabolic soon after.
Capitulation is bullish.