Crypto Assets saw a $1.4 Billion outflow last week, the largest since March
Source: Barchart, coinshares
About bitcoin seasonality...
Good news for all Bitcoin holders: August is typically a weak month for crypto, so don’t panic if prices dip – it’s seasonal. The bad news? September tends to be even worse, with Bitcoin historically averaging a 5% decline in value. Source: HolgerZ, Bloomberg
Over $294 million in Bitcoin long positions were wiped out in the past hour as $BTC flash-crashed below $110K.
Source: Jacob King
A friendly reminder of bitcoin seasonality
Source: Ryan Rasmussen @RasterlyRock, Bitwise Asset Management
Nasdaq and Bitcoin often trade in the same direction
Source: www.zerohedge.com, LSEG workspace
Bitcoin fell below $119,000 on Thursday after US Treasury Secretary Scott Bessent said the government will not make new BTC purchases to fund a Bitcoin reserve.
▶️ Treasury secretary Scott Bessent says the US will not be buying any bitcoin ▶️They will hold the $15-$20 billion in bitcoin they already have and confiscate more ▶️The statement contrasted with President Donald Trump’s earlier executive order directing the government to develop “budget-neutral strategies” for increasing Bitcoin holdings. ▶️In April, Bo Hines, who at the time was a part of the Presidential Council of Advisers for Digital Assets, said the administration was exploring funding options for Bitcoin acquisitions, including tariff revenue and a reevaluation of the Treasury’s gold certificates. ▶️In a silver lining to the sentiment-dampening statement, the Bessent did confirm that the US does not plan to sell any of its existing Bitcoin holdings ▶️Bessent’s comments echo White House AI and crypto czar David Sacks, who said a Bitcoin reserve would be “a digital Fort Knox for the cryptocurrency,” and the US wouldn’t sell any Bitcoin it put in the reserve. Source: cointelegraph
Including staking rewards, ether $ETH has now outperformed bitcoin $BTC by 900bps YTD.
Source: Bloomberg, @matthew_sigel on X
Michael Saylor's Strategy has bought more Bitcoin than all other public companies combined 🤯
Source: cryptorank.io
