btc price action this week was a classic “start strong, finish weak” trap. we r consolidating under the $100k boss level. until that breaks, its mostly noise. however, under the hood, 3 massive narratives are building pressure: saylor is reloading: strategy caps raised enough for ~25k btc. strong chance he bought the friday dip. announcement likely monday 2pm. that’s a lot of buy pressure loaded in the chamber. dc drama: coinbase pulled support for the 'clarity act'. good. the bill was basically a trojan horse for banks to kill stablecoins and empower the sec. armstrong is playing hardball and protecting the industry. us gov supply shock: rumors of the us gov selling 60 btc were fake news. confirmed they moved to strategic reserve. they r holding. on a darker note: saw a report of a single whale losing $282m to a phishing scam (fake trezor support email). entered seed phrase online. gone. this is a tragedy but also a reminder. self-custody is freedom, but it requires responsibility. never type ur seed phrase online. ever. overall flows are fine. jan is historically slow, feb-apr is usually where the real inflows kick in. patience pays here. bulls back in control soon, or more chop first? 🤔 happy weekend fam! 🫡 - lenny screenshot taken from @zachxbt

Share







Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.