JUST IN: Trump Media has transferred 2,628 BTC ($165 MILLION) to Crypto dot com.
The company bought 11,542 BTC at an average price of roughly $118,500 and has now moved 7,281 BTC to exchanges this year.
Combined realised and unrealised losses are estimated at $555 MILLION.
๐บ๐ธ UPDATE: The SEC formally grants CME's petition for review of Nasdaq's bitcoin options approval, keeping it stayed with written statements due August 24.
PRESIDENT TRUMP ON U.S. INTERVENTION IN THE YEN MARKET:
โJapan wanted a little bit of help, and weโre always there for Japan.โ
Trump says the U.S. expects a financial benefit from the deal and called the intervention โgood for the world economy.โ
Bitcoin: we're almost there.
The Satoshimeter is sitting right where every major bottom has printed. 2011, 2015, 2019, 2022 - same green zone, same accumulation phase, every single time. And here we are again.
Accumulation is nearing its end. The one thing still outstanding is capitulation - the spring (see my earier Wyckoff posts). A final flush that could wick us down into the low fifties (53k invalidation level, weekly close), shake out the last weak hands, and set the floor.
That's the thing to wait for.
Every bottom on this chart looked terrifying in the moment. Every one of them was a generational buying opportunity.
The Satoshimeter is built by Stockmoney Lizards.
Not financial advice.