This seems like another violent aftershock before a reversal.
Why? 👇🏻
First, a real fear stemming from the U.S. military stance towards Russia.
Trump's comments on nuclear war have led to panicked sell-offs after the close.
The Binance and Coinbase platforms have exploited this news to pump millions of dollars into Bitcoin, Ethereum, and Sol, leading to price drops and the liquidation of long leveraged buy positions.
See my tweet from August 1 showing evidence of this liquidation scandal.
Secondly, the price of Bitcoin reached $120,000 with no change in Federal Reserve policy.
This move tracks the increasing daily expansion of the M2 money supply.
I ignore short-term market noise and hold my position.
I expect a significant rise in Bitcoin and Ethereum targets in the coming months.
Looking ahead, key events are approaching in late August.
I expect the Federal Reserve to cut interest rates in September. Kogler's resignation enables Trump to appoint a dovish voice in the Federal Reserve.
This may provide a lead-in to his selection to succeed Powell in May.
Such a "shadowed president" could change monetary policy more dovishly early on.
I am optimistic about cryptocurrencies as we approach the fourth quarter of 2025.
The driving factors include Federal Reserve cuts, economic strength, and clarity of regulatory frameworks.