🔷💎 BitMine (BMNR) has become the largest institutional accumulator of Ethereum with holdings of 4.875 million ETH (4% of the total supply) valued at $10.7 billion and annual sticking revenue of $310 million — on track to own 5% of all existing Ethereum. 🏦⚡
🏛️💰A Tether-linked Super PAC has launched its first political advertising spend through a company owned by its American CEO — raising serious concerns about conflicts of interest and the deepening influence of major crypto firms on US political decision-making. ⚠️🎯
📊 Markets at a Crossroads: Inflation Strangles... and Liquidity Decides!
Global markets are currently experiencing a period of extreme uncertainty, with inflation acting like a high temperature, weighing down stocks and causing their performance to be sluggish and weak.
Contrary to expectations, Bitcoin is not acting as a hedge against inflation as much as it is acting as a magnet for liquidity. If the "gasoline" (liquidity) runs out, even the most powerful engines will falter.
⚠️ We are in a delicate distribution phase in this volatile market. Victory does not belong to those who monitor the price, but to those who understand the movement of liquidity and know when the "fuel" will flow again.
Very similar to previous cases where we've seen the same before a big breakout in 2023.
Commercials' Net Position has been net short on the markets, which is the inverse of the speculators.
Now, this doesn't guarantee that we're going to be breaking upwards massively.
It does say that there's a significant chance for volatility, also knowing that we've been ranging in this area for two months and markets refused to fall down.
It would be more likely that we're seeing a break upwards to atleast $80-85K and need to see from there.