$BTC price is climbing while Bitcoin is leaving exchanges.
Less BTC sitting on exchanges means less immediately available supply for sellers. Recent data showed a 4,036 BTC reserve drop alongside strong price momentum.
Demand rising.
Available supply tightening.
If exchange outflows continue while buyers keep stepping in, the setup for a real supply squeeze gets much stronger.
HUGE: BITCOIN IS MOVING CLOSER TO THE HEART OF U.S. STRATEGY.
Coinbase is reportedly in talks with the U.S. Treasury and Commerce Departments around advancing the Strategic Bitcoin Reserve.
The reserve already exists under a 2025 executive order, while lawmakers are now moving legislation that could put it on a more permanent statutory footing.
Buyers remain in control as the structure continues to hold.
EP 7.27 - 7.32
TP 7.40 7.50 7.65
SL 7.18
Liquidity is building above the recent high, while reactions from lower levels remain strong. Holding the current structure could open the door for further upside.
$ETH is showing strength around the current support zone. Buyers are confirming control after the liquidity sweep.
EP 2,385 - 2,400
TP 2,411 2,478 2,546
SL 2,355
Liquidity below 2,360 has been tested, followed by a clear reaction from buyers. Holding this zone keeps the structure intact and opens room for a move toward the next liquidity levels.
$ETH is showing strength around the current zone. Buyers are regaining control as structure holds.
EP 2,490 - 2,505
TP 2,535 2,565 2,620
SL 2,450
Liquidity below has been reacted to, with price reclaiming the range and holding structure. Continued buyer control can push price toward the next liquidity zones.
๐บ๐ธ August CPI: +0.4% MoM | +3.4% YoY ๐ฅ Core CPI: +0.3% MoM | +2.4% YoY โฝ Gasoline jumped 3.9% ๐ Real average hourly earnings fell 0.1% ๐ฆ Markets are now pricing roughly an 85% chance of a 25bps Fed rate hike next week.
Hotter inflation + rising rate expectations = volatility could be coming fast. ๐๐