A Bitcoin OG wallet just moved all 600 $BTC ($51.28M) after over 14 years of inactivity!
The wallet received 600 $BTC ($4.8K at the time) 14 years ago, when $BTC was trading at just $8.
It's now sitting on a $51.28M unrealized profit — a 10,683x return!
https://t.co/kpJ0OdRNBx
$BTC
The market is always the loudest when we’re testing key support or resistance.
It works both ways for bulls and bears.
But in the end, support is support until it’s broken. Who cares if you take one SL when the same level has already given you 3 4 winning trades?
Just be prepared for deeper deviations if necessary.
That’s exactly why I stick to lower leverage, it gives the trade room to breathe without forcing you out..
We’re in one of the most boring phases, $BTC
This is when patience pays the most. Instead of getting chopped up trading the internal range, the best approach is to sit on your hands and wait.
This environment is great for scalpers, but it’s far less rewarding for swing traders. (aka myself)
Deviations below the range lows are opportunities to look for longs. Deviations above the range highs are opportunities to look for shorts.
Outside of those extremes, there’s little edge in chasing price.
My expectation is that this type of range bound price action could persist for another 1–1.5 months.
Sometimes the best trade is no trade at all. Enjoy the summer, stay patient & just wait for next year.
INSIGHT: @RobinhoodApp says its opportunity isn't taking volume from crypto-native traders.
Instead, the firm is betting its 10M+ active users can bring a new wave of investors onchain through tokenized assets, commodities, FX markets and crypto perpetuals.
Read the full story from @OKnightCrypto on CoinDesk
"Michael Saylor said...sell your kidney...but don't sell your Bitcoin. He's selling the Bitcoin."
@lumidawealth CEO @ramahluwalia tells @jennsanasie why he believes Strategy flipped from Bitcoin's marginal buyer to marginal seller, and why that's creating a hangover across the category.
starting to notice $SOL outperformance vs majors such as $BTC, $ETH and $BNB lately
SOL is obviously crazy oversold at this point
it's also been fudded to death as $HYPE and $BNB aggressively outperformed over the past few months
a reversal here would be incredibly bullish for the Solana ecosystem
especially for Solana memecoins that have been beaten to death
and if a Solana memecoin has managed to hold up well — or even make local highs — over the past month despite SOL's weakness, then logic suggests it should aggressively outperform even SOL itself as capital rotates back into the ecosystem
I Think We Go Lower. I'm Buying Anyway.
I have to ask myself whether I'm prepared to be front run while waiting for the perfect bottom.
The answer is no.
I will not be the fool who thinks he can nail everything.
Could $BTC drop another 31% from here?
Absolutely.
But a move to $160K from current prices is a 121% gain.
You'd have to be crazy to look at that RR on the HTF and say this isn't a good place to be buying.
Everyone is obsessed with calling the exact bottom.
I'd rather be positioned slightly early than try to time the perfect spot entry.
Conviction matters when you're trading.
This isn't a trade for me.
It's an investment.
Different objective. Different outcome.
As an investor, I am building my long term spot positions over the next 3-4 months.
When it comes to building leveraged longs, I'll be a lot more precise.
(i.e. waiting for daily and weekly structure to flip bullish, with timing aligning accordingly)
That time will come, but I don't think we're there yet.
The daily and weekly structure still remains bearish, so for now I'm happy accumulating spot and letting the market do what it wants.
bitcoin:native
We're currently 7 days into the month with the monthly high put in ±8% above the monthly open.
When we filter for months that had a similar high at this point in time - between +6% and +11% from the open - we see some interesting things.
First off: months with a similar high price actually take out the monthly low more often than base rate: 69% instead of 59%.
In simple terms: having the high put here historically increases the likelihood of taking out the monthly low.
It's good to note that we're dealing with only 17 data points due to a high timeframe + filtering, but it's still an interesting takeaway.
But that's not the only thing that's interesting 👇
Loracle.hl (@loraclexyz) is one of the smartest whales on #HyperLiquid right now.
He has opened nearly every major trade at the perfect timing, with multiple positions now sitting in massive profit.
Current positions include:
• Long $ZEC (10x) - +$5.9M unrealized profit
• Long $TON (5x) - +$1.88M unrealized profit
• Short $CL (10x) - +$1.8M unrealized profit
• Long $BTC (20x) - +$834K unrealized profit
• Long $NEAR (10x) - +$53K unrealized profit
• Long $XPL (4x) - +$1K unrealized profit
• Short $HYPE (5x) - -$1.47M unrealized loss
• Long $CHIP (3x) - -$282K unrealized loss
• Long $PAXG (5x) - -$204K unrealized loss
Currently having a floating profit of over $8.55M, and overall he is now making ~$36M and closed his $BRENTOIL short position with a profit of over $991K just 2 hours ago.
https://t.co/R7CKGNQxXx
$USDT.D [update]
6.77% is and remains the most powerfull reversal level in crypto.
We are about the tap into the FVG that validated the block which could deliver a local reaction.
Monitoring it very closely.
Bitcoin has always bull trapped within this region of the weekly Kernal and super trend indicator.
I'm going to enter a $10 million short once more confirmation is given.
$ARKM obviously a bit disappointed on the timing of some of the spot buys taken on this
but honestly, in crypto you shall never prematurely call a coin "dead" (see example $BCH)
i will continue to add minor amounts to my spot bag and will wait for the eventual 3/10x rally
As $HYPE trades above $32, a whale with $HYPE (5x) long position is seeing a floating profit of over $12M.
The whale opened long positions in $HYPE (5x) and $SOL (20x) about 15-16 days ago, and is having a floating loss of $1.2M on $SOL.
https://t.co/4lo9OSXMIl
Trader 7fFCzx spent $54K to buy 15.94M $PENGUIN($793K now) 2 days ago and is now sitting on an unrealized profit of $739K.
However, despite the gains on $PENGUIN, he still hasn’t recovered his earlier losses — his total PnL remains down nearly $598K.
He has traded over 1,000 tokens in total, with a win rate of only 14.55%.
Wallets:
7fFCzx2isHB6rdG3u4HsGFjDQWSZH3kj9fcUmSkSd2Xg
According to @zachxbt, a victim lost over $282M worth of $LTC and $BTC in a hardware-wallet social engineering scam.
The attacker swapped part of the $LTC and $BTC into $XMR, triggering a sharp spike in $XMR's price.
The attacker also used #THORChain to swap 818 $BTC($78M) into 19,631 $ETH($64.5M), 3.15M $XRP($6.5M), and 77,285 $LTC($5.8M).
Link:
https://t.co/RytHPoqVK4
https://t.co/0mE3CVaqkr
https://t.co/C8qVceFGPO
BREAKING: President Trump accuses China of an "economically hostile act" for not buying US soybeans.
Trump says he is considering "terminating" business with China having to do with cooking oil, and other elements of trade, as retribution.