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Crypto Tag

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🟡 Strategy continues to sell Bitcoin 😅 Michael Saylor’s company sold another 1,690 BTC last week for approximately $108.6 million, at an average price of $64,262 per BTC. https://t.co/IiYDPglUBk

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We would get a first bullish reversal signal with a breakout above the trendline, which would bring $BTC back above $70k. Until then, we’re still stuck inside this boring bearish triangle. Let’s see if that finally changes by the end of the summer. https://t.co/vVl2vOM19G

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🟡 Strategy has sold 1,637 BTC, reducing its holdings to 842,138 BTC 😬 Despite this sale, Michael Saylor’s company remains by far the world's largest institutional holder of Bitcoin ✍️ https://t.co/e5ivTufPQc

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From a monthly perspective, Bitcoin is still trading within my DCA accumulation zone. There’s not much else to do right now besides staying patient and continuing to accumulate throughout the correction while waiting for a rebound over the coming months ⏳ https://t.co/nWjqIBMRqu

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🟡 The United States has just crossed a major new milestone regarding the Clarity Act! The White House has indeed reached an agreement on the ethical aspect of the Clarity Act, which clears one of the last hurdles before the adoption of this historic legislation. With a regulatory framework taking shape, crypto is settling in for the long haul in the financial system 🔥

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Curious to see how the next few weeks unfold, as we’re right in the middle of the triangle, but also near the end of its compression. A breakout above the upper trendline around $70k would be the first major bullish signal ⏳ On the other hand, any move back toward the lower part of the triangle would very likely be a good opportunity for what comes next.

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📊 Companies are preparing for the next bull cycle and are accumulating Bitcoin aggressively ✍️ In June alone, publicly traded companies purchased 8,992 BTC, representing more than $525 million invested despite the uncertainty in the crypto market. Institutional investors seem to be taking advantage of the dip to strengthen their positions, while retail investors appear to be much more hesitant.

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🟡 Strategy has just sold another portion of its Bitcoin 😬 Michael Saylor's company sold 3,588 BTC for approximately $216 million to fund dividends on its digital credit securities. Despite this sale, Strategy still holds 843,775 BTC in reserve, along with $2.55 billion in cash. An exceptional operation that does not undermine its long-term Bitcoin strategy but goes against Michael Saylor's advice 🤔

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💬 After he had only "been told a few days ago" that he had made over 1 billion dollars from cryptocurrencies, Donald Trump has now declared that he is "a big fan of crypto." When asked whether his businesses or accounts could eventually include Bitcoin, he replied that "something could happen."