It’s here. The biggest bull market is starting now. Not a rebound, not a trap, it’s a trend. Bitcoin won’t wait for anyone. If you missed the bottom, don’t miss this.
BlackRock coming out to speak is, by itself, a signal. But it’s not a bullish signal—it means they’re paying attention to this level. A $1.5 trillion institution needs to explain to its clients; it doesn’t mean they’re necessarily going to buy at this price. It sounds good, but look at the net inflows of their ETFs. Data is more reliable than statements.
Bitmine took 4.8% of ETH, currently down in the red by 8.4 billion, and it’s still 0.2% away from 5%. Lark says it’s like turning gold into lead, but also admits Tom Lee has been right many times before. The price at which they buy that final 0.2% is worth watching.
Strategy just made a trade. The company increased its USD reserves by 150 million while also repurchasing 132 million worth of STRC. The effect is very direct: the USD duration was extended to 2.8 years, adding 41 days. Bond credit spreads tightened by 4 basis points to 114 basis points. In short, it’s about optimizing the balance sheet to make capital more stable and financing cheaper. As of August 16, the company holds 840,447 BTC and has USD reserves of 4.8 billion. MicroStrategy is still accumulating.
$BTC No more nonsense—directly here are my technical thoughts. A close above 64,700 is an early signal, indicating momentum is coming. A close above 66,000 is a confirmation signal—late, but effective. Once it breaks above 66,000, higher time-frame candlesticks will start to resonate and push upward. Before then, it’s all about belief. I have that belief.