$SOL validators just voted to reduce token inflation, meaning 18.9 MILLION tokens will simply never exist Good for the token price ๐ SOL couldnโt benefit from the news because of the Fed hawkish speech but itโs definitely something that will help SOL reach new highs ultimately ๐
Fed Chair Kevin Warsh sounded hawkish during his Jackson Hole speech September rate hikes are still on the table 50/50 chance right now โก๏ธ Not good for markets so crypto cooled down a bit ๐ด If we get rate hikes on September 15 thatโs most likely when weโll drop again for $BTC before finally completing the bear market ๐ป
What we saw wasnโt just another pump for $BTC ๐น The biggest weekly gain since 2023 in percentage terms. ๐ธ The largest weekly gain in Bitcoinโs history in dollar terms. The end of the bear market is near ๐
$XRP whales scooped up over 300 MILLION tokens in 96 hours before the move even started XRP went from under $1.00 to nearing $1.50, its BIGGEST weekly rally since the 2024 election pump ๐
Volatility is back Over $5B in leveraged crypto positions were liquidated in the past 72 hours after we saw a big red candle on $BTC ๐ด Chances are the bull market isnโt here yet and weโll have more ups and downs in the coming months ๐๐ But one thing that should interest you is that itโs becoming more likely that weโve already hit the bottom of the cycle โก๏ธ Itโs of course not guaranteed and I wouldnโt be surprised to see Bitcoin back in the low $60Ks in September/October But weโre finally seeing some strength in the market after almost a year of bear market Make sure to stay patient and donโt rush Now is not the time to play with leverage and get liquidated right before we finally get some fun again ๐
โข $4B in shorts liquidated in 2 days ๐ด โข $BTC surged from $64.1K to $79K+ โข U.S. Treasury doubled long-term debt buybacks โ yields dropped, dollar weakened ๐ โข White House crypto meeting โ CLARITY Act, potential U.S. Bitcoin purchases & Hyperliquid regulation ๐ โข $3B shorts liquidated Thursday alone = biggest daily liquidation since records began in 2021 ๐ โข U.S. Bitcoin ETFs: +$517M Wednesday, +$606M Thursday, +$1.61B this week = best week since October ๐ฐ โข Spot demand was already turning positive before the pump Important: A huge part of the move was fueled by forced short liquidations, not just new buyers. The short squeeze fuel is mostly gone. Now we need real buyers ๐
We just experienced the LARGEST short liquidation in crypto history Short sellers lost $3.4 billion in a single day ๐ด ๐ธ $BTC surged above $72,000 for the first time since June ๐น All top cryptos are up 10โ15% in the last 24 hours Itโs honestly too early to say if weโre really back or not โก๏ธ Weโve seen moves like this in the past followed by more downside: โข April 2018: +17% rally, then -60% into the bottom โข February 2022: +10.5% rally, then -63% into the bottom โข June to July 2022: +40% rally, then -37% into the bottom No need to rush. September/October might be challenging but weโre definitely on the right path Crypto IS FAR FROM DEAD If youโre still here, congrats. Get ready for the next crazy months ๐
$VIRTUAL unveiled Eastworlds Robotics. The project has become the largest source of Unitree G1 humanoid teleoperation data outside China (200 hours/week). When AI meets robotics ๐
๐ฃ Big week for markets and $ETH โก๏ธ Inflation data: CPI on Wednesday and PPI on Thursday โข CPI/PPI above expectations โ September hike back on the table ๐ โข If not โ Rate hike odds could disappear and we should be good for the next meeting on September 16 ๐ (Currently a 40% chance we get a hike) August is historically one of the worst months for crypto But for now, weโre chilling Letโs see how it goes ๐
๐ฃ Big week for markets and $BTC โก๏ธ Inflation data: CPI on Wednesday and PPI on Thursday โข CPI/PPI above expectations โ September rate hike back on the table ๐ โข If not โ Rate hike odds could disappear and we should be good for the next meeting on September 16 ๐ (Currently a 40% chance we get a hike) August is historically one of the worst months for crypto But for now, weโre chilling Letโs see how it goes ๐
Bank of America expects the Fed to raise rates by 75 basis points before the end of 2026 The first hike is expected at the September FOMC meeting Have we already seen the bottom on $BTC ? ๐ค
$ADA sees a bit of inflows following its successful testnet integration with INJ It broke above the $0.20 level, its highest since July. The next step is to break above the $0.21 resistance to continue the recovery ๐
$ONDO partners: โข MasterCard โข BlackRock โข Morgan Stanley โข Axelar โข Ankura โข Franklin Templeton โข Google Cloud โข WisdomTree .... One of the most undervalued coins for sure ๐
$LINK partners: โข Swift โข Euroclear โข MasterCard โข Fidelity โข UBS โข Heineken โข Franklin Templeton โข Nestlรฉ โข Google Cloud One of the most undervalued coins for sure ๐
Today we get the PCE inflation report (Fedโs preferred inflation metric) โก๏ธ it will impact markets and $ETH following yesterdayโs hawkish speech Rate hikes are definitely on the table for the September meeting if inflation goes up ๐
๐จ One of the most divided Fed decisions in years: โก๏ธ The Federal Reserve leaves interest rates unchanged This marks the 5th consecutive meeting with no change in rates (Fedโs longest pause since 2008) It should give some relief for markets and $BTC ๐ข but the situation in Iran continues to deteriorate with fears of new strikes Itโs a very complicated market to navigate right now ๐
๐จ Crypto is down ahead of tomorrowโs FOMC decision Markets are pricing in about a 1 in 3 chance of a rate hike, which is honestly is huge (Rate cuts are bullish for assets and investments while rate hikes tend to be bearish) Right now, the market is in wait-and-see mode On Thursday weโll also get the PCE inflation report which will influence expectations for future Fed decisions. โก๏ธ If we get a rate hike, I think $BTC revisits new lows below $58k Big week ahead. Stay ready. ๐