thecryptopicks
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thecryptopicks
Daily Crypto news and talks since 2021 đ§âđ»
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$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 đ
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 đŽ Chances are the bull market isnât here yet and weâll have more ups and downs in the coming months đđ But one thing that should interest you is that itâs becoming more likely that weâve already hit the bottom of the cycle âĄïž Itâs of course not guaranteed and I wouldnât be surprised to see Bitcoin back in the low $60Ks in September/October But weâre finally seeing some strength in the market after almost a year of bear market Make sure to stay patient and donât rush Now is not the time to play with leverage and get liquidated right before we finally get some fun again đ
âą $4B in shorts liquidated in 2 days đŽ âą $BTC surged from $64.1K to $79K+ âą U.S. Treasury doubled long-term debt buybacks â yields dropped, dollar weakened đ âą White House crypto meeting â CLARITY Act, potential U.S. Bitcoin purchases & Hyperliquid regulation đ âą $3B shorts liquidated Thursday alone = biggest daily liquidation since records began in 2021 đ âą U.S. Bitcoin ETFs: +$517M Wednesday, +$606M Thursday, +$1.61B this week = best week since October đ° âą 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 đ
We just experienced the LARGEST short liquidation in crypto history Short sellers lost $3.4 billion in a single day đŽ đž $BTC surged above $72,000 for the first time since June đč All top cryptos are up 10â15% in the last 24 hours Itâs honestly too early to say if weâre really back or not âĄïž Weâve seen moves like this in the past followed by more downside: âą April 2018: +17% rally, then -60% into the bottom âą February 2022: +10.5% rally, then -63% into the bottom âą June to July 2022: +40% rally, then -37% into the bottom No need to rush. September/October might be challenging but weâre definitely on the right path Crypto IS FAR FROM DEAD If youâre still here, congrats. Get ready for the next crazy months đ
$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 đ
Trump Media just disclosed holding 14,139 $BTC worth $900 million. They added 4,662 $BTC worth $293M in July. Retail panics while institutions load up... CLASSIC đ
đŁ Big week for markets and $ETH âĄïž Inflation data: CPI on Wednesday and PPI on Thursday âą CPI/PPI above expectations â September hike back on the table đ âą If not â Rate hike odds could disappear and we should be good for the next meeting on September 16 đ (Currently a 40% chance we get a hike) August is historically one of the worst months for crypto But for now, weâre chilling Letâs see how it goes đ
đŁ Big week for markets and $BTC âĄïž Inflation data: CPI on Wednesday and PPI on Thursday âą CPI/PPI above expectations â September rate hike back on the table đ âą If not â Rate hike odds could disappear and we should be good for the next meeting on September 16 đ (Currently a 40% chance we get a hike) August is historically one of the worst months for crypto But for now, weâre chilling Letâs see how it goes đ
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 ? đ€
$ONDO partners: âą MasterCard âą BlackRock âą Morgan Stanley âą Axelar âą Ankura âą Franklin Templeton âą Google Cloud âą WisdomTree .... One of the most undervalued coins for sure đ
$LINK partners: âą Swift âą Euroclear âą MasterCard âą Fidelity âą UBS âą Heineken âą Franklin Templeton âą NestlĂ© âą Google Cloud One of the most undervalued coins for sure đ
Today we get the PCE inflation report (Fedâs preferred inflation metric) âĄïž it will impact markets and $ETH following yesterdayâs hawkish speech Rate hikes are definitely on the table for the September meeting if inflation goes up đ
đš One of the most divided Fed decisions in years: âĄïž The Federal Reserve leaves interest rates unchanged This marks the 5th consecutive meeting with no change in rates (Fedâs longest pause since 2008) It should give some relief for markets and $BTC đą but the situation in Iran continues to deteriorate with fears of new strikes Itâs a very complicated market to navigate right now đ
đš Crypto is down ahead of tomorrowâs 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 weâll also get the PCE inflation report which will influence expectations for future Fed decisions. âĄïž If we get a rate hike, I think $BTC revisits new lows below $58k Big week ahead. Stay ready. đ
$BTC ETFs attracted +$900 million in inflows last week âĄïž the largest weekly inflow since early May Demand for Bitcoin is growing again đ
First time since May that $ETH is eyeing the $2K resistance Ethereum has added $7.2 billion in tokenized RWA market cap over the past year, maintaining its lead with a 52.5% share of the market ETH is king đ and it looks like whales are accumulating đł
$BTC reclaims $66k đą And it feels like the people calling for $40k might want to reconsider đ The Iran conflict is still ongoing but it looks like the White House has agreed on ethics rules for the crypto market structure bill The CLARITY Act could be just around the corner and the market seems to love it đ Are we back on track? âĄïž We still have a likely boring August to get through
Japanâs $250B SBI Group partners with $ONDO Finance to tokenize Japanese stocks đ Huge for ONDO đ
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