FinCEN just withdrew its proposal to tighten rules on self-custody wallets and coin-mixing services — $BTC is still hovering around $85,728. Why no breakout?
The biggest obstacle for institutions accumulating coins isn’t the price — it’s the risk of having every withdrawal of more than $10,000 to a personal wallet traced. The proposal’s withdrawal = a green light for whales to quietly accumulate without worrying about compliance. It’s normal that the price hasn’t reacted yet: they won’t push the candle while there’s still liquidity below to scoop up.
I’m watching on-chain volume for $BTC , but haven’t seen a signal of an upward move yet. For futures, don’t FOMO into a long chasing the news — wait for volume to confirm a breakout above $85,728 before considering an entry.
Are you holding a position or staying on the sidelines? Click $BTC below to check out the candles! 👇
#Bitcoin #BTC #Crypto #Legal
The biggest obstacle for institutions accumulating coins isn’t the price — it’s the risk of having every withdrawal of more than $10,000 to a personal wallet traced. The proposal’s withdrawal = a green light for whales to quietly accumulate without worrying about compliance. It’s normal that the price hasn’t reacted yet: they won’t push the candle while there’s still liquidity below to scoop up.
I’m watching on-chain volume for $BTC , but haven’t seen a signal of an upward move yet. For futures, don’t FOMO into a long chasing the news — wait for volume to confirm a breakout above $85,728 before considering an entry.
Are you holding a position or staying on the sidelines? Click $BTC below to check out the candles! 👇
#Bitcoin #BTC #Crypto #Legal
