$BTC Has two major CME gaps left in (relatively) close proximity.
- A relatively small one at ~$92K from back in April.
- A larger one that was created this week at $117K.
I do think we will close both of these at some point in the future. Whether it's in the short or long term, good to keep an eye on these if price were to get close to them.
For now, not very actionable as price is pretty far away from both. But I do like putting these gaps on my chart to check on every now and then.
BREAKING: $5 BILLION BTC WHALE BUYING UP TO $1 BILLION $ETH
A whale holding over $5B of BTC is currently buying $ETH. He just moved $1.1 BILLION of BTC to a new wallet and has started purchasing ETH through Hyperunit/HL.
This whale bought $2.5 BILLION of ETH last week, and he’s still buying.
BTC Addresses:
169qYZJYkyW7HhmWTj58mVXRZDhMFHPZPd
17MWdxfjPYP2PYhdy885QtihfbW181r1rn
12XqeqZRVkBDgmPLVY4ZC6Y4ruUUEug8Fx
19D5J8c59P2bAkWKvxSYw8scD3KUNWoZ1C
$BTC First took out the liquidity at ~$120K (Range High) and then proceeded to take ut the big cluster at ~$110K (Range Low).
There's still a decent cluster left at ~$107K and there's more building up around the "Powell candle" at ~$117K so those are the two levels to watch in the short term.
I think that $117K level is also the key area to flip this local trend back around and make room for a move to the highs.
Until then I expect the market to remain choppy and it's not a market I want to actively trade in. Especially seeing the weakness on most alts.
People should listen/read the actual speech Powell gave today. It's quite clear and certainly couldn't be further from a verbal abandonment of the 2% target. The "review of the framework" is basically a hawkish reversal of the 2020 FAIT framework changes.
https://t.co/LDd9VK8ESd
#JacksonHole2025 background: why we have a debt problem... in the 4000 years covered by Sidney's Homer's masterful 'History of Interest Rates' = NO cases of zero interest rates: in 204 months since #GFC rates essentially zero 52% of the time!
“I’m bearish”
Why
“Weak spx… Saylor poor.. DAT ponzi…”
So…. Why
“I just wanted to sell I don’t really have a reason”
Ok. That’s ok. Just be honest with urself that you don’t have a reason and just wanted to do it !