The K-Shaped is now appearing with cryptos
Source: Hedgeye, Bloomberg
Bitcoin has fallen $6,000 since Michael Saylor's STRATEGY disclosed its first Bitcoin sale in 3.5 years.
More than $2.41 billion in crypto positions have been liquidated in just 48 hours. STRATEGY currently holds 843,706 BTC, acquired for $63.9 billion at an average price of $75,699 per Bitcoin. The last time Saylor sold Bitcoin in December 2022, BTC went on to rally 660% from $17,000 to $125,000. Source: Bull Theory
BTC ETFs have seen massive outflows (10 of last 11 days)...
Source: zerohedge
75% chance Crypto Clarity Act passes
Source: Kalshi
Companies bought 50,351 bitcoin in Q1 this year, the most amount ever 🤯 🚀
Source: Bitcoin Magazine
Bitcoin is trading above the key $80k level, with the “light golden cross” (50/100-day) now in place.
The 200-day MA sits slightly higher, a level that hasn’t seen a close above it since last October. Source: The Market Ear
Bitcoin Breaking – And Nobody Cares (Yet)
The BTC vs NDX gap is the widest we have seen in a very long time. Source: TME
Bitcoin is breaking...
BTC is pushing higher. The long-standing downtrend line has broken, and price is now trading well above the 100-day by a margin not seen in a long time. A clean close here or higher, and things could get very squeezy for a largely forgotten BTC. Source: TME, LSEG
