$BTC
🚨🚨 BTC’s hovering around 64,000–64,300, aye. Bounced from a low of 62,700 up to 64,400, but now it’s just wobbling. ETH is sitting at 1,907–1,910, up 1.6%, while SOL’s floating around 75–76 🔥
My reckoning: I reckon it’s heading downhill, pal. At 64k, the good news is baked in. Once that runs out, bad news takes over
Today’s big variables:
US-Iran deal deadline expired; oil’s bouncing back
The White House crypto meeting tonight
Whether 64k can actually hold its ground
Three reasons why downside is more likely:
Iran deal expired: The 60-day US-Iran deal ended 17 August with no extension , Strait of Hormuz talks are completely jammed
Oil reacted straight away—WTI jumped to $83.44 and Brent to $89.77. Higher oil \rightarrow inflation fears \rightarrow rate hike threats \rightarrow risk assets take a proper beating 📢
ETFs bleeding $390M: US Spot ETFs lost $389.7M last week, with Fidelity’s FBTC bleeding $153M alone. Yet BTC stayed near 64k. Big money is running for the hills, but who’s buying, eh? If it’s just short sellers covering, this bounce won't last. Volume in the last hour was a miserable 118 BTC—steam is running out
Decoupling from stocks: The S&P 500 hit record highs, but BTC’s been stuck sideways for five weeks ,Crypto’s got its own headaches: liquidity shrinking and regulations clear as mud. It’s a bad sign—institutions are packing up while retail holds the bag 📢
$SOL
$ETH
🚨🚨 BTC’s hovering around 64,000–64,300, aye. Bounced from a low of 62,700 up to 64,400, but now it’s just wobbling. ETH is sitting at 1,907–1,910, up 1.6%, while SOL’s floating around 75–76 🔥
My reckoning: I reckon it’s heading downhill, pal. At 64k, the good news is baked in. Once that runs out, bad news takes over
Today’s big variables:
US-Iran deal deadline expired; oil’s bouncing back
The White House crypto meeting tonight
Whether 64k can actually hold its ground
Three reasons why downside is more likely:
Iran deal expired: The 60-day US-Iran deal ended 17 August with no extension , Strait of Hormuz talks are completely jammed
Oil reacted straight away—WTI jumped to $83.44 and Brent to $89.77. Higher oil \rightarrow inflation fears \rightarrow rate hike threats \rightarrow risk assets take a proper beating 📢
ETFs bleeding $390M: US Spot ETFs lost $389.7M last week, with Fidelity’s FBTC bleeding $153M alone. Yet BTC stayed near 64k. Big money is running for the hills, but who’s buying, eh? If it’s just short sellers covering, this bounce won't last. Volume in the last hour was a miserable 118 BTC—steam is running out
Decoupling from stocks: The S&P 500 hit record highs, but BTC’s been stuck sideways for five weeks ,Crypto’s got its own headaches: liquidity shrinking and regulations clear as mud. It’s a bad sign—institutions are packing up while retail holds the bag 📢
$SOL
$ETH