🔷🔷 The market is about to change — Significant movements in Bitcoin and Ethereum with huge purchases coming

📉 Bitcoin is moving within a descending channel and facing strong resistance at the upper limit of the Ichimoku cloud.

A breakout to the upside means confirmation of the bullish trend, while continued oscillation within the channel keeps the situation neutral.

📈 As for Ethereum, it witnessed massive network activity on August 6, recording 1.87 million transactions, a figure very close to the all-time high of 1.96 million transactions in January 2024.

This surge is driven by widespread use of stablecoins like USDT and USDC, along with increased trading on the Uniswap platform.

💼 In breaking news: Parataxis Holdings announced its intention to purchase up to $640 million in Bitcoin as part of the company’s treasury reserves.

Institutions have started to make serious moves.

🛑 This is not financial advice.

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