Time to LONG $KERNEL 👀 | CipherX on Binance Square

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Time to LONG $KERNEL 👀

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Ethereum netflows are skyrocketing. In the past month alone, ETH has recorded $4.9B in netflows. This clearly shows that liquidity is entering into Ethereum, and on-chain activity is rising. At this point, a price pump loos inevitable.

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$ETH has reclaimed its multi-year support trendline. It had a fakeout last week, but bulls pushed another close above it. Now, I'm looking for a sustained uptrend given global assets are hitting new highs. $3K ETH by mid-July and $4K ETH by Q3 end. Is it too much to ask for?

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Options Expiry Alert 🚨 $17.3 billion in BTC and ETH options will expire today. $15 billion worth of BTC options with a max pain at $102,000 will expire today. $2.3 billion worth of ETH option with a max pain at $2,200 will expire today. I think this is the reason BTC and ETH have been consolidating. Once this happens, they'll catch-up with the stock market.

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M2 supply and BTC chart is broken. It's all over for BTC. This is what bears have been saying for days now. But to me, the M2 supply and BTC correlation looks perfect. There was a dip in M2 supply too, and BTC dumped. Now, M2 supply and BTC is showing an upside move and it's happening. $120K BTC is coming sooner than expected.

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I'm not selling BTC at current prices. There's still one major move left and I don't want to be a panic buyer at the top. Whenever BTC has touched this upper trendline, a top has formed. Right now, it's showing a target of $180K-$200K BTC for this cycle. I wouldn't wait for exact top and will start selling once BTC goes above $160K. What's your top price prediction for BTC this cycle?

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