๐จThe 10 AM manipulation is back.
August 11: US market opens, Bitcoin dumps.
August 12: US market opens, Bitcoin dumps.
August 13: same story.
Today, August 14: Bitcoin jumped to $64k on lower-than-expected PPI, but as the US market opened, BTC dropped straight to $62,800.
Bitcoin builds strength overnight, climbs steadily, then gets erased as US trading hours begin.
Some big entity is manipulating Bitcoin just like it did last year. This is another reason crypto investors need the Clarity Act to regulate the market.
To be completely fair to me, at least a small part of my reasoning is that it had bounced between $0.70 and $1.00 a few times, so I figured I'd sell the next time it hit $1 and maybe buy back in when it dropped. Before I knew it, I'd sold at $1.05 and it was up to $12.
Next thing I knew, it shot up to $12. I was confident that was the top, so no reason to ever think about buying back in. Then it shot up to $2,000. FML
I can see how despondent everyone is about crypto and the pure chartists are telling you it's all over, but I don't agree...
Global Liquidity is the most dominant macro factor in history with a 90% correlation to BTC and 97% to NDX since 2012. It is growing at around 10% a year and is not slowing.
GMI financial conditions lead it by 6 months. They are still easing.
The air pocket was US Total Liquidty which was curtailed by the shut down. It leads crypto by 3 months and is accelerating from its low 3 months ago.
The business cycle is the key driver of earning and thus risk. It is accelerating.
The eSLR is the mechanism by which banks can increase liquidity via credit and absorbing treasury issuance. This liquidity is rising too and will accelerate.
Tax refunds land on bank balance sheets and add to propensity of credit creation and thus liquidity.
China is accelerating expanding its balance sheet.
More rate cuts are coming in the US and will add to disposable income and thus risk taking.
CLARITY Act will likely get agreed and adds to flows. The wall of banks and asset managers wanting to use this technology is enormous and this bill sorts that out.
Stablecoins are accelerating and issuance grew 50% last year and is accelerating. Volumes are in the trillions of $'s and are accelerating.
We have the most supportive government for crypto ever in the US.
Finally the agents are coming and will hyper accelerate. They are an entirely new TAM
The crypto market is still in fear and by most measures the most oversold in history.
Weekly DeMark indicators would give a very solid base in 2 weeks (you can now get them officially on Trading View).
Daily DeMark's are stack up too. Any weakness from here will complete the dailies and the weeklies indicating full trend reversal potential.
The risk factor is how long oil prices stay up.
The next 2 weeks are the key focus.
I think this all resolves positively.
Higher.
Let me make this very clear: Big Banks (think JPMorgan Chase, Bank of America, Wells Fargo, etc.) are lobbying overtime to block Americans from getting higher yields on their savingsโwhile trying to block any rewards or perks from being given to customers.
These banks, and others, pay rock-bottom rates on standard savings (often 0.01%โ0.05% APY), even as the Fed pays them 4% or more. This massive spread fuels record profits, with almost none passed back to their customers / everyday depositors.
Today, the banks are desperately targeting crypto/stablecoins, where platforms plan to offer 4โ5%+ yields or rewards. The ABA and other lobbyists are spending millions trying to ban or restrict those yields via bills like the Clarity Act, crying โfairnessโ and using words like "stability"โwhen it's really about protecting their low-rate monopoly and preventing deposit flight. This is anti-retail, anti-consumer, and straight-up anti-American.
Next time you see a big bank dropping billions on a shiny new Midtown Manhattan HQ, you know exactly where that money comes from: the non-existent interest rate they โpayโ you!
Fortunately, the big banks are losing this fight as customers wake up to the gamesโฆ
@worldlibertyfi
๐จBREAKING: RUSSIA MOVES TO LEGALIZE XRP TRADING โ Moscow Exchange to Launch XRP Futures ๐ท๐บ๐ฅ
Russiaโs Central Bank has CONFIRMED plans to formalize crypto trading under a regulated national framework โ pulling digital assets into its official financial system. ๐
And $XRP is among the FIRST MAJOR names.
The Moscow Exchange (MOEX), Russiaโs primary stock exchange, announced it will launch $XRP futures contracts in 2026 alongside $SOL and $TRX. ๐
That means $XRP-linked financial products will trade on Russiaโs MAIN STATE EXCHANGE โ under central bank oversight. ๐