Bitcoin's 3-month futures basis has remained below the 2-year U.S. Treasury yield since February, a rare occurrence.
👉 The only similar period was August 2022 to January 2023, which ended near the cycle bottom. This weak futures premium also reflects reduced market depth and lower trading volumes, often seen during periods of cautious sentiment. 📉$BTC #BTC
Price is testing the resistance area; let's see how it reacts. A break above this resistance zone could trigger a strong upward rally. Wait for a clear signal before entering new positions.
Bitcoin is currently trading sideways and has not been able to reclaim the support trendline. We may soon see a significant move in either direction. The support is around the $60,000 area, while resistance is in the $65,000 area. $BTC #BTC
Strategy ($MSTR ) increased its USD Reserve by $250 million and repurchased $81 million of STRC.
👉 This extended its USD Reserve duration to 2.3 years and improved STRC's BTC credit profile. As of Aug. 2, 2026, Strategy holds 842,138 BTC and $4.0 billion in USD reserves, further strengthening its balance sheet. #AasimmajeedAMC #strategy