FLORIDA HAS JUST INTRODUCED A BILL TO CREATE A STRATEGIC BITCOIN RESERVE
Senate Bill 1038, introduced by Senator Joe Gruters, would allow the state's chief financial officer to invest up to 10% of public funds in Bitcoin ETFs and BTC (potentially billions) once the market capitalization of $BTC reaches $500 billion.
๐ *Bitcoin and Recent Upward Market* โข Bitcoin has touched $94,000, marking levels last seen in mid-December, driven by positive sentiment in risk markets and correlation with U.S. indices. ๐ *Altcoins and Overall Performance* โข Ethereum, BNB, XRP, and Solana show moderate gains, with memecoins like PEPE and DOGE rising in the last 24 hours. ๐ *Macroeconomic and Geopolitical Factors* โข The rally is happening in a context where global factors continue to influence risk flows. โข In the UK, crypto investors must now declare investments to HMRC to combat tax evasion, which implies greater regulatory demands. ๐ฆ *Growth of Exchanges and Ecosystem* โข Bybit reports 80 million users and regulatory expansion in Europe, the Emirates, and the UK, even after previous security challenges. ๐ *Price and Market Structure* _Capitalization and Volume_ The total crypto market capitalization is around โ $3.2 โ 3.3 trillion, with stable trading volume and Bitcoin dominance around ~57%. _Key Price Ranges_ Bitcoin: recent high range at $92kโ$93k. Ethereum: positive technical advances, with accumulation in long-term directions. ๐ง *Market Narrative & Reading* ๐ _Technical Recovery Narrative_ Recent behavior reflects a rotation of flows towards risk assets, influenced by correlation with traditional markets and on-chain accumulation signals in ETH. ๐ *Liquidity Not Confirmed by Structural Flows* Although there are price spikes, there is no clear evidence of sustained institutional liquidity inflows that transform the market structure. The movement remains technical and sentiment-dependent. ๐ Regulation Increases Operational Pressure New demands in the UK and global regulatory announcements.
today we made profit for these people! The market never sleeps. The hunger neither. If trading gives us more, may it also make us more human. left the alias ๐(if there are hearts) -hungerhasheart.
QUBIC shows gradual accumulation: The improvement in momentum indicators and the increase in long positions in elite accounts suggest positive flow; additionally, the stability of BTC and ETH supports the overall risk appetite.
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๐จ Risk (๐ค Medium)
Volatility contained in a narrow range: The movement of QUBIC reflects a lack of robust directionality; the absence of firm RSI indicators and the low weekly KDJ (Kโ9, Dโ7) warn of exhaustion risk.
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โก Action (๐ Bullish)
Tactical accumulation entry: It is recommended to take advantage of pullbacks to gradually position, with defined technical levels that limit risk.
โซ๏ธInstitutional traders must close, roll/rollover (sell the expiring contract and buy a new one for the next quarter) or hedge positions in bulk โซ๏ธThis generates a large number of orders, especially in the last hour of the market (โwitching hourโ) โซ๏ธOn average, the SP500 tends to close in red on these days, and $BTC is no exception
๐Look at this KEY pattern in the $BTC chart: โ๏ธ โช๏ธMarch 2025: -16.6% after the quad witching โช๏ธJune 2025: -8.5% โช๏ธSeptember 2025: -7.9% ๐Each expiration marked strong immediate drops, although BTC later recovered
๐Tomorrow, December 19, this pattern may activateโฆ and it coincides with Japan's decision and the PCE inflation data
๐ ONDO presented its roadmap for tokenized values to the SEC, urging support for multiple ownership models and broader on-chain integration to help the U.S. lead the shift toward asset tokenization.
CertiK informs about an exploit in the proxy contract 0x0689โฆ4B43 that drained approximately $340,000, linked to a $USDC approval that the user granted in 2020. Users are urged to review their wallets and revoke obsolete permissions.
: GRAYSCALE REQUESTS THE FIRST ๐บ๐ธSPOT ETF ZCASH IN THE U.S. Grayscale submitted Form S-3 to the SEC to register its new trust, Grayscale Zcash Trust (ticker ZCSH), on NYSE Arca. Why is this important for $ZEC and other privacy cryptocurrencies?
โ๏ธ TradFi gains access and exposure to privacy cryptocurrencies. โ๏ธ Institutional investors, funds, and traditional asset managers may consider allocating capital to $ZEC. โ๏ธ The growing global interest in privacy could drive demand for regulatory-compliant instruments from non-crypto institutions that are wary of direct cryptocurrency holdings, beyond native cryptocurrencies. โ๏ธ A successful spot ZEC ETF could pave the way for more privacy cryptocurrency ETFs.
THE PROBABILITY OF A RATE CUT AT THE NEXT FOMC MEETING HAS INCREASED TO 87%, AND the latest data from the PPI that I mentioned above gives us a high probability that a rate cut is approaching. ๐๐ผ
โ+1,400 ALTCOINS "died" โ Why can this be POSITIVE for the booming market?
๐ Every time Bitcoin consolidates and the number of active cryptos falls, the ecosystem "cleans up" and becomes stronger. ๐คฏMore than 1,400 tokens have become inactive in recent months:
๐ถDelistings on exchanges ๐ถUltra low volume ๐ถTotal disinterest ๐ถMany were outright scams
๐ฏ Why is this POSITIVE?
๐ถBecause market cleaning is necessary. ๐ถMore capital concentrated in real projects ๐ถFewer scams that dilute trust ๐ถBetter signals to detect genuine trends ๐ถAnother example of this is that the number of tokens launched daily in Pump fun has drastically fallen ๐ถToken launches on this protocol fell from 24,008 to 517 in just 1 month ๐ถTrading volume on the platform also dropped, with reports indicating a decline of 75% since January 2025
๐Less competition = more focus for the projects that showed resilience ๐The constant creation of shitcoins was a narrative that some used to claim that, with so much capital dilution, there would be no bull market. Today things are changing.
๐ฏ๐โก BTC breaks its ATH on Binance, Coinbase, and Bitstamp
๐Bitcoin pierced the barrier of 112,000 USD today (July 9) and marked simultaneous all-time highs on Binance, Coinbase, and Bitstamp, according to data from CoinDesk.
๐ The highest intraday peak was seen on Bitstamp at 112,040 USD, surpassing the record from May (111,600 USD).
๐ฅณ Breaking the ATH simultaneously across multiple exchanges strengthens the technical signal and suggests that the demand does not come from a single liquidity center. Buyer pressure surged after liquidating approximately 440 million USD in short positions and coincides with positive net inflows into spot ETFs.