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ETH/BTC is breaking out from a 4-year downtrend on the Monthly chart. Altcoin trend reversal coming?
🚨 Bitcoin Update The largest on-chain BTC bear, 0x66f8, has closed his 2,136 BTC ($136M) short position, reportedly booking a $1.65M profit. He has now flipped bullish, opening a 40x leveraged long position on 200.82 BTC worth approximately $12.74M. From a major short to a high-leverage long — a significant shift in positioning.
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US PPI falls to 4.7%, lower than expectations. US initial jobless claims rose to 209,000 in the week ending 8 August, from 200,000.
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🇨🇳 China’s central bank added 20 tonnes of gold in July, its largest monthly purchase since October 2023. China has now increased its gold reserves for 21 consecutive months, bringing total holdings to a record 2,366 tonnes. China is also reportedly moving more gold from London to Hong Kong, supporting the city’s push to become a major global gold-trading hub. – Bloomberg
🔥MASSIVE: 🇺🇸 Fed will pump $5,179,000,000 into the markets next week.
Binance Futures, OKX, Deribit, BitGET, BybitUSDT, KuCoin, Huobi Long/Buy #BICO/USDT Entry - 7000 Targets: 7028 - 7056 - 7084 - 7140 Leverage - 10x
🔰🔰#SOL/USDT - A potential Head & Shoulders pattern appears to be forming here. A confirmed breakdown below the neckline would strengthen the bearish setup and could signal further downside.
🚨 BREAKING: 🇺🇸 U.S. Senate passes a major Russia sanctions bill in an 86–11 vote. ↳ Proposes 100% tariffs on buyers of Russian oil ↳ India, China, and other major importers could be affected A significant escalation in economic pressure on Russia. 🌍📉
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✔️✔️#HYPE is at strong resistance zone
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#USDT Dominance – Market Update USDT Dominance remains at a key inflection point. A rejection from the current level would signal capital rotating back into crypto, supporting another leg higher for Bitcoin. Alternatively, one final push into resistance before a reversal remains a valid scenario. Regardless of the short-term path, the broader outlook continues to favor another upside move in Bitcoin.