$TOTAL2 is back at multi year resistance level of $1.5-$1.6T is getting a bit of hammering again, another warning sign to remain cautious.
Remember that $TOTAL2 does take into account the market share of $ETH aswell, another reason why I closed my $ETH position and will only buy if we get a close above $4100 again. Same is the case with $TOTAL2, having a break and close above this big resistance is what you need to press big buy button again, the last time we did that was when $TOTAL2 had a breakout above $1.28T level.
Another sticking point is that $1.28 support has not been retested so far and in the past, we have seen some major drops down to that level. It that happens, it’s going to be a golden opportunity to get back into $ETH and some other stuff (first retest remember?) and $ETH too only daily has not retested $3K - $3.2K so far, so again good buy zone. Looks very far fetched idea for now but these are the only two triggers for me now.
Over the past few hours, the Galaxy Digital-linked address bc1q0phe… tied to the 80k whale and which recently received around 40,000 BTC, has significantly accelerated its selling activity.
It had made a few movements in recent days, but today over 22 700 BTC (worth $2.6B) are now flowing into the market.
These BTC were sent to multiple exchanges such as Binance, Bitstamp, Coinbase Prime, OKX, and Bybit, as well as to several other wallet addresses.
The address bc1q0phe still holds 15 000 BTC, representing an additional $1.7B in potential selling pressure, which will likely hit the market today. #btc
Ethereum is flying and the GENIUS act could be a big reason.
Here’s why ETH is ripping (and why I think it’s just getting started):
The bill targets yield-bearing stablecoins, cutting off competition from centralised yield coins. This makes ETH-based DeFi more attractive for returns.
This is super bullish for usage and demand.
Speculators seem to be front-running this (let’s be honest, they’ve probably been positioning for a while), betting stricter U.S. rules = more capital flowing into Ethereum-native protocols.
Meanwhile, Sharplink just added $225M in ETH to its treasury, surpassing the Ethereum Foundation!
And Peter Thiel just took a 9% stake in Tom Lee's Bitmine Immersion.
TOTAL-3 update Once it clear on daily tf 992b$ Alts will be much higher in my humble opinion targeting All time high on total 3 1.40t$ will come fast #AltcoinSeasonLoading #USCryptoWeek