$BTC
🚨🔥 Everyone’s blathering on about this being the start of a proper new bull run, but to my mind, it’s total bollocks 👀
BTC shot up from 62,853 to 77,334 across five sessions—up 23%—and while that's a decent bit of action, we’ve seen this exact same pattern earlier this year, mate, and it completely conked out around the $82k mark 👀
Now, the bullish case isn't entirely mental. The Treasury’s gone and doubled its long bond buyback operations to over 4B, and on top of that, BTC ETFs have just pulled in their fastest weekly inflows of 2026, hoovering up +1.92B in five days. The whales were quietly stacking their bags back in late July, well before any of this popped off ↩️
But have a butcher’s at what’s not backing it up. The actual dry powder needed to drive prices higher—the stablecoin supply—is basically dead flat for the month (+0.29%), right while the price has surged +22% in the exact same window. On top of that, the RSI’s just hit 86, the Fear & Greed index flipped from 30 to 70 in a mere five days, and 22 Aug just printed the first net exchange inflow on a green candle, which is usually an early tell for folk taking their profits rather than fresh money piling in ↩️
What’s actually driving this run is what really takes the biscuit. It’s mostly TRUMP (+94%), MELANIA (+72%), and names like HYPE printing brand new all-time highs 🔥
It’s the proper speculative punts running wild, rather than any broad strength across the main heavyweights ↔️
It's the exact same setup, the same overbought signals, and the exact same "no new stablecoins arriving" headache as that rally which fizzled out back in May, just happening a bit sharper this time around ⬇️
The key level to keep an eye on remains that 78k–82k zone 👌
$TRUMP
$MELANIA
#TrumpCryptoSupport #BullMarket📈 #Market_Update #BitcoinBestWeekSinceMarch2023
🚨🔥 Everyone’s blathering on about this being the start of a proper new bull run, but to my mind, it’s total bollocks 👀
BTC shot up from 62,853 to 77,334 across five sessions—up 23%—and while that's a decent bit of action, we’ve seen this exact same pattern earlier this year, mate, and it completely conked out around the $82k mark 👀
Now, the bullish case isn't entirely mental. The Treasury’s gone and doubled its long bond buyback operations to over 4B, and on top of that, BTC ETFs have just pulled in their fastest weekly inflows of 2026, hoovering up +1.92B in five days. The whales were quietly stacking their bags back in late July, well before any of this popped off ↩️
But have a butcher’s at what’s not backing it up. The actual dry powder needed to drive prices higher—the stablecoin supply—is basically dead flat for the month (+0.29%), right while the price has surged +22% in the exact same window. On top of that, the RSI’s just hit 86, the Fear & Greed index flipped from 30 to 70 in a mere five days, and 22 Aug just printed the first net exchange inflow on a green candle, which is usually an early tell for folk taking their profits rather than fresh money piling in ↩️
What’s actually driving this run is what really takes the biscuit. It’s mostly TRUMP (+94%), MELANIA (+72%), and names like HYPE printing brand new all-time highs 🔥
It’s the proper speculative punts running wild, rather than any broad strength across the main heavyweights ↔️
It's the exact same setup, the same overbought signals, and the exact same "no new stablecoins arriving" headache as that rally which fizzled out back in May, just happening a bit sharper this time around ⬇️
The key level to keep an eye on remains that 78k–82k zone 👌
$TRUMP
$MELANIA
#TrumpCryptoSupport #BullMarket📈 #Market_Update #BitcoinBestWeekSinceMarch2023