#BTC
Bitcoin is currently in transition
It is trying to exit its Macro Accumulation Range to potentially transition into an early Bull Cycle Re-Accumulation Range
Can price revert into the $60-$80k Range one last time this Q4?
Or is Bitcoin ready for a full transition into Re-Accumulation where any downside from current prices (~$82500) would be very limited?
$BTC #Bitcoin
NEW: @Solana Foundation has introduced Solana Scholars, offering funded, 3-month internships for PhD students to research consensus, networking, cryptography and economics directly with Solana engineers.
NEW: @DriftFDN Foundation has launched a 10% bounty with @Bybit_Official, up to $29.5M, for April’s $295.4M hack.
Drift also shared that $9.2M was frozen after the attacker moved funds through Tornado Cash in August.
#Bitcoin
BREAKING ...
$BTC daily EMAs are crossing #bullish for the first time in since 2023 !
this happens only once every cycle, at the very early stage of it.
#Bullmarket CONFIRMED ✅
#btc#trading
Central banks are likely buying way more gold than official figures suggest:
World central banks acquired +44 tonnes of gold in July, +158% above the pre-2022 average of +17 tonnes, according to Goldman Sachs.
This brings the 3-month average of purchases to +91 tonnes, near its highest since mid-2025.
By comparison, the 12-month moving average has oscillated between +50 and +60 tonnes over the last few months.
Meanwhile, official central bank purchases of gold stood at +23 tonnes in July, or 21 tonnes below actual levels.
Furthermore, official monthly purchases have not exceeded +60 tonnes in any month since November 2024, also representing a wide discrepancy.
Central bank gold demand may be much greater than official figures suggest.
the midcurving on SOL comes from a profound cynicism about crypto's future
what's going to happen is that crypto adoption is going to 100x
it will not just be perps, or RWAs, or memes -- it will be all of it
the totality of old finance combined with the weirdness of new finance, at planetary scale
and at that game, Solana is king
to that effect, one framing I've been riffing on: SOL is new money
'new' is a powerful & optimistic word -- it represents possibility and the infinite, rather than marginally optimizing spreadsheet accounting
it is too early in the game to treat novel internet money as it were a derivative of Costco stock. blockchains that scale are barely 2-3 years old
it's 2004, you can opt for JP Morgan or you can go for Apple
neither are wrong, but one is more optimistic
🚨BREAKING: U.S. spot @Solana ETFs recorded $80M in net inflows yesterday, their biggest single day inflow ever.
Weekly net inflows have now reached $181M, the second highest weekly total on record.
Why Bitcoin?
Because it's the ultimate source of income.
Hold your Bitcoin, and continuously borrow against it forever.
It's like a property that has no maintenance, no property taxes, no tenant issues. And cash flow increases over time.
🚨JUST IN: @Solana has overtaken @Coinbase in daily spot trading volume, ranking No. 2 across blockchains and centralized exchanges, behind only Binance.