JUST IN: 🇺🇸 JPMorgan says failing to pass the Clarity Act this year would be a setback that could undermine one of the industry's biggest regulatory catalysts.
Pass the bill 👏
🚨BITCOIN BULLISH “OPIUM” IS COMING
CryptoQuant CEO Ku Young Ju recently said:
“Some bullish Bitcoin opium is coming in the next few months to relieve your bear market pain. Just not yet. Hang in there.”
📰 This week: Saylor built a $3B cash buffer, the CFTC backed Kalshi in Michigan, Tim Draper revisited passing on Coinbase, Trump reignited Iran market fears, and Larry Fink said he is bullish on markets as #Bitcoin stabilizes.
Here's the Weekly Recap 🧵👇
BITCOIN SUPPLY IN LOSS SURPASSES SUPPLY IN PROFIT
For the first time since the 2022 bear market bottom, more Bitcoin is being held at a loss than at a profit.
According to ARK Invest, supply in profit fell from ~57% to ~46% in Q2, while supply in loss rose from ~43% to ~54%.
Historically, these crossovers have clustered near cyclical lows. ARK says the growing share of underwater coins may signal seller exhaustion, a condition that has often preceded recoveries rather than deeper capitulation.
🚨 NEW: Bitcoin dips but recovers after Strategy dumps 3,888 $BTC. Bitcoin's realized profit and loss ratio falls to a 43-month low of -0.35, a figure that signals a market bottom says CryptoQuant.
Hodler's Digest via Cointelegraph Magazine
Markets: $BTC slipped below $66,000 and S&P 500 futures fell 1.4% as Iran reportedly hit Saudi Aramco's Ras Tanura refinery and stepped up attacks on U.S. assets across the Middle East.
NEW: 📊 A historic shift is underway as retail investors rotate from crypto to equities.
Data shows a massive divergence since late 2024. Drivers include compressing crypto volatility and AI tools giving retail a sense of "edge" in stocks.
🔥 INSIGHT: Bitwise data shows holding Bitcoin at least three years cuts loss risk to 0.7%, with 3–5 year holders still up ~90% despite the recent correction.