a27s

Daily reviews of the subtext of key news and exclusive articles. Which do not always appear on Binance.
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Arthur Hayes, meanwhile, is actively selling off his altcoins for millions of dollars (ETH, PEPE, and ENA).

He explains this by the upcoming negativity dictated by Donald Trump's current tax policy and the weakness of the labor market in the USA.

Allegedly, BTC should test $100,000, while ETH is expected to approach $3000.

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Too much information lately has been aimed at convincing everyone that the market will no longer grow. Too much.

Donald Trump: "Too Late" Powell should resign, just like Adriana Kugler, appointed by Biden. She understood that he was handling interest rates incorrectly. He should leave too!

UPD: Trump's rhetoric has changed:

"Powell is likely to remain as head of the Fed"

"Firing Powell would disturb the market"

Matrixport: August and September are historically weak months for Bitcoin!

The driver of BTC growth after seasonal consolidation is fiscal uncertainty in the USA.

This is a "hidden macro-driver" for hard assets. We await autumn.

Donald Trump set the trade tariff rate immediately for 66 countries + he decided to 'punish' Canada after all and raised their import rate from 25% to 35%.

Everything comes into effect on August 1!
(A decision on China has not yet been made)

Coinbase opens the "exchange of everything".

In the coming months, tokenized stocks, derivatives, and prediction markets will appear in the app.

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Oh wow. More and more movement in the crypto sector. This is encouraging. And it’s also nice that the main party has not yet started.

Representatives of SharpLink Gaming today purchased another 11,259 ETH through Galaxy Digital.

Average purchase price: $3828.

Current balance: 449,276 ETH ($1.73b)

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If they are currently actively buying up Ether and taking it out of circulation at such high prices.

It only means one thing, where Ether is being pushed, it is clearly not $5-6k per coin, and they are buying it from long-term holders at any price right now, as they understand that in the future the price per token will be much higher.

This is the only argument for buying tokens and taking them out of circulation. At current prices. This applies not only to Ether or Bitcoin but to the entire broad market.

A few words about Bitcoin dominance and capital overflow.

As we can see, dominance is slowly creeping down again, but not in a hurry. I have a feeling that we will not see a sharp decline in the near future. I tend to think that we will see sideways movement, with a partial decline, no more. In my opinion, the altcoin market is still not ready for an explosion. But I am also human, and I don't see the whole picture, although I try. Maybe at this moment or these months, the market will show something that no one expects from it.

This is quite logical from the perspective of those who manage it. The market should not be predictable; otherwise, it will be impossible to earn on it. So dominance could very well fall in a stepwise manner a little, and then rise again, sucking liquidity from the alts. So that the crowd will write in the chats with screams: How much longer? Again? We just can't take it anymore.

So let's wait, observe, and not panic. So far, everything is going as it should. They will not end the party, and it may well be more massive than the previous one.

How are you feeling? Are you experiencing burnout? I think so.

Any small drop shatters expectations and hopes. The desire to exit the market with anything prevails. Why do I think this? Because I can feel how this market is weighing down on me. But if this market is weighing down on me, someone who has been around, what can we say about a random investor, or those who have never heard of the psychology of market cycles? It's terrible. Turn off the lights, throw a grenade.🙃

I'm saying this because of the post I shared above about sentiment, where everyone is talking about the alt season, and that it is in an active phase (oh God, those words made me facepalm 🤦). So, they are fueling the idea that the Alt Season is in full swing, but then they make a correction, and all the local euphoria goes down the drain, yes, exactly there.

Now a logical question: Will a major player warn retail that the euphoria is at its peak and it’s time to think about exiting the market?

To understand the news hype, just imagine that you are a large fund or investor. Would you engage in such activities out of good intentions? Or would you maximize the use of media and social networks to spread misinformation, in order to take assets out of retail's hands.

Ask yourself these questions.

So, gentlemen, a light message about the market, as for the weekend.

What is happening right now? It's simple, Bitcoin is standing still, dominance seems to be stuck in place too, sometimes it is going down.

This phase is called: Liquidity Absorption.
The altcoin market won't shoot up at the snap of a finger; first, we need to go through the capital flow phase and absorb it, only after that can we start to pump the altcoins.

If we pump it without this liquidity absorption phase, the altcoin market will be unstable, and profit-taking for large capital will become problematic.

You can see for yourselves how capital has been flowing into total 2/3 for a week now; this means the altcoin market is gaining weight before it shoots up one after another.

Whales continue to accumulate Ethereum.

Last night, an anonymous whale withdrew 8,261 ETH ($24.72m) from the Kraken exchange.

In the last 6 days, he has transferred 80,312 ETH ($224.2m) to his wallet, with an unrealized profit of $27,150,000.

Meanwhile, another large investor withdrew 27,805 ETH ($83.18m) from FalconX.

In total, over 4 days, he has moved 68,141 ETH ($205.74m).

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Bitcoin is being withdrawn, Ether is being withdrawn. And this is just two of these major assets. There are also altcoins, which in most cases are also being accumulated in wallets.

And now the most important part: If the trend continues in the same way we see now. And again, there are no mishaps, either with fees or with some war. Or some pandemic. Then we are on the brink of explosive growth, again provided that all points and the bottom are established and now there is simply nowhere to fall.

Trump announced trade tariffs of 30%, but I just can't remember against whom. And the market did not react at all.

This suggests that most likely the spectacle will be over in the near future.

The best indicator of the end of the madness is the market. And it, as we can see, is not reacting to negative news at all. At least, for the moment.

I hope this trend continues, and we finally see a change in trend to an upward one. Or an explosive one. For yourself, take a look at Bitcoin dominance and Ethereum dominance against Bitcoin. As for me, this could be a trend reversal.

Friends, let's not lose our heads. Let's keep our composure.

Could today's rise be a starting point? I don't know, it's quite possible. The most important thing you need to understand right now is that if your portfolio ends up at breakeven, or many projects you bought return to the prices at which you bought them, UNDER NO CIRCUMSTANCES should you exit the market.

I understand that psychologically enduring such pressure is challenging. But remember why you came here. Exiting at breakeven (BE) now or if the prices of coins return to those values in this time frame will turn out to be fatal.

If there is fear, kill it within yourself; you did not go through all this just to exit at breakeven so easily. Then the purpose of your actions is lost.

Stay strong.