🔺The market is turning green: with stagnant BTC, top coins and Ethereum are gaining +4..7%, while a number of mid-tier coins show growth of up to +10%. ZBCN, Eigen, and UNI are performing the best, shooting up by +20% in a day.
🔺Last night, the FOMC protocol (Fed's report on future regulatory policy) was published - where the Federal Reserve expressed concern: inflation is NOT retreating, the labor market is weakening, and the risks of recession are becoming increasingly real. The market perceived this event as a prelude to a future launch of the printing press and continued to sell off gold (-2.4% for the week) and bonds. The big players are in search of higher yield: is the risk-on launch around the corner?
🔺The rich also cry: our whale from the Hyperliquid exchange has almost completely lost the previously earned $76 million (from a series of past successful trades) and continues to hold a LONG position on BTC, with a liquidation point at $107,000. Be careful with futures: gambling can be addictive..
🔺According to data from Glassnode, whale holders of BTC (with balances from 1,000 to 10,000 BTC) have begun to gradually reduce their positions. Considering the news background where BTC is forecasted at $500k and the launch of private BTC reserves among companies is announced - there is a possibility that the first stage of distribution for BTC has already begun.
🔺Ethereum is currently outperforming Bitcoin in the metrics of the second quarter. Herald of the alt-season?👇
