most people stop buying when the 𝗳𝗲𝗮𝗿 𝗶𝗻𝗱𝗲𝘅 prints 22.
𝗕𝗶𝘁𝗠𝗶𝗻𝗲 just bought another 27,801 $ETH into it.
the receipts as of july 12:
→ 5,770,038 ETH held, roughly 4.8% of the entire supply
→ 4,917,189 ETH of that is staked
→ $482M+ in cash still on the side
→ $11.3B+ in total holdings
→ buys every single week: $92M in june, $74M+ early july, now this
→ stated target: 5% of all ETH by year end
eth is under $1,800 and sentiment is the worst it's been in months.
𝘁𝗵𝗲 𝗯𝗶𝗴𝗴𝗲...
🚨 US CPI is the real trigger.
$BTC is sitting around $64.5K right now, and the latest June CPI print came in at 3.5% YoY. The next CPI release is scheduled for August 12, 2026 at 8:30 a.m. ET.
This move feels strong on the chart, but the internals are still shaky.
Spot participation is light.
On-chain activity is quiet.
Options are still priced defensively.
So yeah, price recovered.
But recovery is not the same as conviction.
If CPI comes in soft, BTC can squeeze higher fast.
If inflation ...
Many of you are shorting $DEXE with very tight stop-losses, and that's a serious mistake. If you do that, the market can easily pump, trigger everyone's stop-losses, and then dump afterward. That's how the market often works.
So, some of you might even consider taking long positions—who knows, it could end up being a lucky trade. The legends probably understand what I mean. 🤫
Take $ZEC for example. It could make one final aggressive move before a major decline, and nobody knows exactly when...