August 7 Market Analysis !!!
Good afternoon, brothers,
Recently, there is a clear characteristic in the market:
After a continuous decline in BTC, there is always a sudden surge with a large bullish candle, which is a typical action of the market maker washing out positions + accumulating.
On-chain data shows:
Whale addresses continue to increase their holdings.
The Bitcoin reserves on OTC platforms have dropped to 155,000, close to historical lows.
Institutional accumulation is accelerating, such as MicroStrategy increasing its holdings by over 180,000 BTC this year.
The logic behind this is clear:
We are currently in the accumulation phase by the main players, and once the news is finalized (tariffs, interest rate cuts), Bitcoin may directly surge to $150,000.
But be cautious: altcoin risks are higher, and during a market correction, it often leads to a collapse in many coins.
Current positioning advice:
Large positions: BTC, SOL, BNB
Small positions to accumulate: DOT, KSM, JUP, UNI
Stay patient and don't get shaken out; the market could start at any moment.
$MEMEFI $VELVET $PLAY
