Stunning Bitcoin Holdings: Strategy’s Phenomenal $28 Billion Unrealized Profit

BitcoinWorld Stunning Bitcoin Holdings: Strategy’s Phenomenal $28 Billion Unrealized Profit In the dynamic world of cryptocurrency, few stories capture attention quite like that of a company making monumental gains. Recently, the spotlight has been firmly fixed on Strategy, a prominent Bitcoin treasury firm, as it reveals an astounding figure: a staggering $28.18 billion in unrealized profits from its extensive Bitcoin holdings . This isn’t just a number; it’s a testament to a bold, long-term vision in the volatile yet rewarding digital asset space. What does this mean for the crypto market, and what can we learn from such an audacious investment strategy? Unpacking Strategy’s Phenomenal Bitcoin Holdings The sheer scale of Strategy’s success with its Bitcoin holdings is truly remarkable. According to data shared by Lookonchain on X, the firm is currently sitting on an unrealized profit of $28.18 billion. This impressive figure comes on the heels of their continued accumulation strategy. Just recently, Strategy significantly expanded its portfolio by purchasing an additional 21,021 BTC, valued at approximately $2.46 billion at the time of acquisition, with an average cost of $117,256 per Bitcoin. To put this into perspective, let’s look at the key figures: Total Bitcoin Holdings: 628,791 BTC Current Market Value: Approximately $74.26 billion (based on current market prices) Average Entry Price: $73,277 per BTC Total Unrealized Profit: $28.18 billion These numbers paint a clear picture of a company deeply committed to Bitcoin as a strategic reserve asset. Their average entry price of $73,277 is crucial here, indicating that a significant portion of their acquisitions occurred at much lower price points, allowing them to capitalize on Bitcoin’s subsequent price surges. This consistent accumulation, even during market fluctuations, underscores a conviction that few institutional players have demonstrated. Why Strategy’s Approach to Bitcoin Holdings Matters Strategy’s journey with its substantial Bitcoin holdings isn’t just about impressive profits; it’s a powerful narrative for the broader crypto ecosystem. Their strategy highlights several critical aspects: Institutional Confidence: Strategy’s unwavering commitment to Bitcoin, evidenced by continuous purchases and holding through market cycles, sends a strong signal to other corporations and institutional investors. It demonstrates that Bitcoin can be a viable and highly profitable treasury asset, challenging traditional notions of corporate finance. Long-Term Vision: Unlike many who engage in short-term trading, Strategy exemplifies a long-term ‘HODL’ strategy. Their willingness to buy and hold, even as prices fluctuate, is a testament to their belief in Bitcoin’s future potential as a store of value and a hedge against inflation. Pioneering Corporate Adoption: Strategy was one of the first major publicly traded companies to adopt Bitcoin as its primary treasury reserve asset. Their success acts as a blueprint and a case study for other companies considering similar moves, potentially accelerating mainstream corporate adoption of cryptocurrencies. Market Influence: Given the sheer size of their Bitcoin holdings , Strategy’s actions can influence market sentiment. Large purchases can provide upward price momentum, while their consistent holding reduces circulating supply, potentially contributing to price stability and appreciation over time. The Anatomy of a Winning Strategy: Lessons from Their Bitcoin Holdings What can aspiring investors or even other corporations learn from Strategy’s successful management of its Bitcoin holdings ? It boils down to a few core principles: Conviction and Research: Strategy’s leadership has consistently articulated a deep understanding of Bitcoin’s fundamental value proposition. Their investments are not speculative bets but rather calculated decisions based on extensive research into Bitcoin’s monetary policy, network security, and potential as a global reserve asset. Dollar-Cost Averaging (DCA): While not explicitly stated as their sole method, their consistent purchases over time, across various price points, resemble a sophisticated form of dollar-cost averaging. This strategy helps mitigate the risk of market timing and smooths out the average purchase price. Transparency: Strategy has been remarkably transparent about its Bitcoin strategy, regularly disclosing its holdings and purchases. This transparency builds trust with investors and provides valuable data for market analysts. Patience: The most significant lesson might be patience. Unrealized profits become realized only when assets are sold. Strategy’s ability to hold through significant bull and bear cycles underscores the importance of a long-term perspective in volatile markets. Are There Risks to Such Massive Bitcoin Holdings? While the current profits are impressive, it’s crucial to acknowledge the inherent risks associated with such substantial Bitcoin holdings . Bitcoin’s price volatility remains a significant factor. A sudden market downturn could rapidly diminish these unrealized gains. Furthermore, regulatory changes, technological shifts, or unforeseen global economic events could impact Bitcoin’s value. Strategy’s strategy is not without its critics, who point to the concentration risk and the potential for large unrealized losses if market conditions turn sour. However, the firm has consistently expressed confidence in its long-term outlook, viewing Bitcoin as a superior form of money and a long-term hedge against fiat currency debasement. Actionable Insights for Your Own Crypto Journey While most individual investors won’t have the capital to replicate Strategy’s scale, their success with Bitcoin holdings offers valuable lessons: Educate Yourself: Understand the technology, economics, and long-term potential of the cryptocurrencies you invest in. Consider a Long-Term Perspective: Short-term trading is risky. A long-term ‘HODL’ strategy, particularly for foundational assets like Bitcoin, can be more rewarding. Dollar-Cost Average: Invest a fixed amount regularly, regardless of price. This reduces risk and averages out your purchase price over time. Diversify (Carefully): While Strategy is heavily concentrated in Bitcoin, individual investors might consider a diversified portfolio across a few strong assets, based on their risk tolerance. Manage Risk: Never invest more than you can afford to lose, and be prepared for significant price fluctuations. Strategy’s journey serves as a compelling case study in institutional crypto adoption and the potential for significant returns when conviction meets a long-term vision. Their massive unrealized profits from Bitcoin holdings not only highlight their strategic prowess but also reinforce Bitcoin’s growing prominence as a legitimate and powerful asset class in the global financial landscape. As the digital economy evolves, stories like Strategy’s will undoubtedly continue to inspire and inform the future of investment. Frequently Asked Questions (FAQs) 1. What are unrealized profits in the context of Bitcoin holdings? Unrealized profits refer to the theoretical gain on an investment that has not yet been sold. For Strategy’s Bitcoin holdings, it means the current market value of their Bitcoin is $28.18 billion higher than their total purchase cost, but they haven’t sold the Bitcoin yet to ‘realize’ those profits. 2. How does Strategy acquire such large amounts of Bitcoin? Strategy typically acquires Bitcoin through open market purchases, often executed in large blocks through institutional trading desks. They fund these purchases through various means, including equity offerings and convertible senior notes, demonstrating their commitment to accumulating Bitcoin as a treasury asset. 3. Is Strategy’s investment strategy considered risky? While any investment in volatile assets like Bitcoin carries risk, Strategy’s approach is based on a long-term conviction in Bitcoin’s value. They view it as a superior store of value and a hedge against inflation. The risk is managed by their long-term horizon and their belief in Bitcoin’s fundamental properties, rather than short-term price speculation. 4. What is the significance of Strategy’s average entry price of $73,277? The average entry price of $73,277 indicates the average cost at which Strategy acquired all its Bitcoin. A lower average entry price relative to the current market price signifies substantial unrealized profits. It highlights their strategic accumulation over time, including periods when Bitcoin’s price was lower. 5. Can other companies replicate Strategy’s success with Bitcoin holdings? While every company’s financial situation and risk tolerance differ, Strategy’s model provides a blueprint for corporate Bitcoin adoption. Success would depend on a similar long-term conviction, a robust financial strategy to fund acquisitions, and a willingness to navigate market volatility. If you found this article insightful, please share it with your network! Help us spread the word about the fascinating developments in the world of cryptocurrency and institutional investment by sharing this piece on your favorite social media platforms. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Stunning Bitcoin Holdings: Strategy’s Phenomenal $28 Billion Unrealized Profit first appeared on BitcoinWorld and is written by Editorial Team

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Ethereum Price Surge Beyond $4,007 Could Trigger $1.95 Billion Short Liquidations on Major CEXs

🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! If ETH surpasses

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Linea Tokenomics Suggests ETH Gas Use and Ecosystem Incentives Without Governance Role

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MARA Holdings Achieves Astounding Record $238M Q2 Revenue

BitcoinWorld MARA Holdings Achieves Astounding Record $238M Q2 Revenue In the dynamic world of cryptocurrency, where volatility often dictates headlines, some companies manage to not just weather the storm but thrive spectacularly. One such entity making significant waves is MARA Holdings , formerly known as Marathon Digital. This U.S. crypto mining powerhouse recently unveiled its second-quarter financial results, and the numbers are nothing short of remarkable, setting a new benchmark for the company’s performance. Unpacking MARA Holdings’ Astounding Financial Performance MARA Holdings has truly outdone itself, reporting an astonishing 64% year-over-year (YoY) increase in its second-quarter revenue. This surge pushed their total revenue to a record-breaking $238 million, marking their highest quarterly revenue ever recorded. This isn’t just a slight uptick; it’s a testament to strategic execution and favorable market conditions. Let’s break down these impressive figures: Record Revenue: $238 million in Q2, an all-time high for the company. Significant YoY Growth: A robust 64% increase compared to the same quarter last year. Net Income Soars: Net income skyrocketed by an incredible 505% to $808 million. This exponential growth highlights not just revenue generation but also enhanced profitability. These figures paint a picture of a company firing on all cylinders, demonstrating robust operational capabilities alongside a shrewd understanding of market dynamics. For anyone observing the crypto mining sector, MARA Holdings ‘ performance provides a compelling case study in successful navigation of this often-unpredictable industry. The Bitcoin Effect: Fueling MARA Holdings’ Unprecedented Gains While operational efficiency plays a crucial role, a significant driver behind MARA Holdings ‘ monumental net income jump was the surging price of Bitcoin (BTC). The company reported a staggering $1.2 billion in unrealized gains, directly attributable to the appreciation in Bitcoin’s value during the quarter. This highlights a critical aspect of crypto mining companies’ financial health: their exposure to the underlying digital assets they produce. MARA Holdings strategically holds a substantial amount of Bitcoin. As of their Q2 report, the company boasts an impressive $5.87 billion worth of BTC on its balance sheet. This considerable holding means that when Bitcoin’s price rises, the value of their assets increases significantly, contributing to massive unrealized gains that bolster their net income figures. Conversely, it also means they are exposed to potential downturns, emphasizing the high-stakes nature of their business model. This direct correlation between Bitcoin’s price movements and MARA Holdings ‘ financial outcomes underscores the symbiotic relationship between miners and the cryptocurrency market. It’s a reminder that while mining generates new coins, the existing treasury of mined assets can become an equally, if not more, impactful factor in a company’s financial performance, especially during bull runs. What Does This Mean for the Crypto Mining Landscape? MARA Holdings ‘ stellar Q2 results send a powerful signal across the entire crypto mining industry. It suggests that despite challenges like increasing network difficulty and fluctuating energy costs, well-managed and scaled operations can achieve extraordinary profitability. Their success provides a beacon of optimism for the sector, indicating that significant returns are possible for companies that can optimize their operations and manage their Bitcoin holdings effectively. Several factors contribute to a mining company’s ability to capitalize on market opportunities: Operational Efficiency: Lowering energy consumption and maximizing hash rate per unit of power. Strategic Bitcoin Holdings: Deciding when to sell mined BTC versus holding for future appreciation. Infrastructure and Scale: Investing in robust, scalable mining facilities. Risk Management: Hedging against price volatility or energy cost fluctuations. MARA Holdings ‘ ability to leverage rising Bitcoin prices through its extensive holdings sets a precedent. It showcases that a diversified strategy, encompassing both active mining and strategic asset management, can yield exceptional results. This could encourage other miners to re-evaluate their own balance sheet strategies and the extent to which they retain mined Bitcoin. Navigating the Future: Challenges and Opportunities for MARA Holdings While the Q2 report is a cause for celebration, the crypto mining industry is perpetually in motion, presenting both ongoing challenges and exciting opportunities for MARA Holdings . Potential Challenges Ahead: Bitcoin Price Volatility: The very factor that drove their Q2 gains can also lead to significant losses if prices decline. Managing this inherent volatility remains a core challenge. Network Difficulty: As more miners join the network, the difficulty of mining new Bitcoin increases, potentially reducing profitability per unit of hash rate. Energy Costs and Sustainability: Rising energy prices and increasing scrutiny over environmental impact require continuous innovation in sustainable mining practices. Regulatory Landscape: Evolving regulations globally could impact operations and the overall market. Bitcoin Halving: The upcoming Bitcoin halving events will reduce the block reward, necessitating even greater efficiency to maintain profitability. Opportunities for Continued Growth: Expansion of Operations: Further increasing their hash rate and geographical footprint can boost mining output. Technological Advancements: Investing in more efficient mining hardware (ASICs) can significantly improve profitability. Diversification: Exploring other blockchain-related ventures or services beyond just Bitcoin mining. Strategic Partnerships: Collaborating with energy providers or technology firms to optimize operations. MARA Holdings ‘ future success will depend on its ability to strategically address these challenges while capitalizing on emerging opportunities. Their strong financial position, as evidenced by the Q2 report, provides a solid foundation for navigating these complexities. A Glimpse into MARA Holdings’ Operational Strengths Beyond the impressive financial figures, it’s worth noting the operational backbone that supports MARA Holdings ‘ achievements. The company has consistently focused on expanding its mining capacity and improving efficiency. Their commitment to building a robust infrastructure capable of handling massive computational power is fundamental to their ability to mine Bitcoin competitively. Their operational strategy often involves securing access to reliable and cost-effective energy sources, which is paramount in an energy-intensive industry like crypto mining. By strategically managing their fleet of miners and optimizing their energy consumption, MARA Holdings positions itself to maximize its Bitcoin production, laying the groundwork for future revenue generation and asset accumulation. This focus on core operational strengths, combined with astute financial management, solidifies MARA Holdings ‘ position as a leader in the digital asset mining space, poised for continued influence in the evolving cryptocurrency ecosystem. Conclusion: A Beacon of Growth in the Digital Frontier MARA Holdings ‘ second-quarter performance is a powerful narrative of success in the cryptocurrency sector. With record revenue, soaring net income, and substantial unrealized gains from its Bitcoin holdings, the company has demonstrated remarkable resilience and strategic acumen. This achievement not only solidifies MARA Holdings ‘ standing as a dominant player in crypto mining but also serves as an inspiring example of how companies can leverage market dynamics to achieve extraordinary financial results. As the digital frontier continues to evolve, MARA Holdings remains a key entity to watch, showcasing the immense potential that lies within the innovative world of digital assets. Frequently Asked Questions (FAQs) Q1: What is MARA Holdings (formerly Marathon Digital)? A1: MARA Holdings is a leading U.S.-based company specializing in Bitcoin mining. They operate large-scale facilities to mine Bitcoin and strategically manage their holdings of the cryptocurrency. Q2: How did Bitcoin’s price impact MARA Holdings’ Q2 earnings? A2: The significant rise in Bitcoin’s price during Q2 led to $1.2 billion in unrealized gains for MARA Holdings from their existing Bitcoin holdings. This greatly contributed to their net income jumping by 505%. Q3: What are ‘unrealized gains’ in the context of MARA Holdings’ report? A3: Unrealized gains refer to the increase in value of an asset (in this case, Bitcoin) that a company holds but has not yet sold. These gains are ‘unrealized’ because they haven’t been converted into cash, but they significantly boost the company’s reported net income and asset value. Q4: What are the main challenges facing the crypto mining industry? A4: Key challenges include Bitcoin price volatility, increasing network difficulty, fluctuating energy costs, environmental concerns, and the evolving regulatory landscape. The upcoming Bitcoin halving events also pose a significant challenge by reducing mining rewards. Q5: What is MARA Holdings’ strategy regarding its Bitcoin holdings? A5: MARA Holdings strategically holds a substantial amount of the Bitcoin it mines, aiming to benefit from future price appreciation. As of Q2, they held $5.87 billion worth of BTC, demonstrating a long-term belief in Bitcoin’s value. If you found this article insightful, consider sharing it with your network! Your support helps us continue delivering valuable insights into the cryptocurrency world. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action . This post MARA Holdings Achieves Astounding Record $238M Q2 Revenue first appeared on BitcoinWorld and is written by Editorial Team

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SEC Opens Door to In-Kind Redemption Option for Crypto ETFs

The US Securities and Exchange Commission ( SEC ) has cleared the way for crypto ETFs to use in-kind creations and redemptions, a move industry participants say could make the fast-growing market more efficient and cost-effective. The regulator voted on July 29 to approve orders allowing authorized participants to create and redeem shares of Bitcoin and Ether exchange-traded products (ETPs) in kind, meaning they can receive the underlying cryptocurrency directly rather than cash. Until now, spot Bitcoin and Ether ETPs approved in 2024 were restricted to cash-only transactions. Chairman Paul S. Atkins said following the vote: “A key priority of my chairmanship is developing a fit-for-purpose regulatory framework for crypto asset markets. Investors will benefit from these approvals, as they will make these products less costly and more efficient.” I'm pleased to share the SEC approved in-kind creations and redemptions for crypto ETPs. The approvals continue to build a rational regulatory framework for crypto, leading to a deeper and more dynamic market, which will benefit all American investors. https://t.co/UbQ9pXlBpD pic.twitter.com/DX8ub16Ey3 — Paul Atkins (@SECPaulSAtkins) July 29, 2025 New Redemption Option to Boost Flexibility and Cut Costs The in-kind redemption model is common for traditional stock and commodity ETFs. In this system, authorized participants exchange shares for the underlying securities rather than cash. Now, applying the same mechanism to crypto ETPs, industry observers say, reduces friction. Additionally, it gives issuers and market makers greater flexibility when managing the funds. Move Lets Investors Defer Capital Gains Until Crypto Sale By allowing in-kind transfers, the SEC also gives institutional investors better tax efficiency. In a cash redemption, ETP issuers must sell the underlying cryptocurrency to raise funds, often triggering capital gains that are then passed on to shareholders. In-kind redemptions allow investors to receive the crypto directly and defer taxes until they decide to sell the assets. The Commission’s vote also advanced other initiatives to standardize the treatment of crypto-based products. It approved exchange applications to list and trade a mixed spot Bitcoin and Ether ETP, as well as options and Flexible Exchange (FLEX) options on certain spot Bitcoin products. Position limits for options on Bitcoin ETPs were increased to align with generic limits of up to 250,000 contracts. ETP Issuers Poised to Benefit as SEC Eases Operational Constraints Two scheduling orders were also issued to seek public comment on whether national securities exchanges should be allowed to list and trade two large-cap crypto ETPs. These products had been approved earlier by the Division of Trading and Markets under delegated authority. The decision marks a departure from the more restrictive framework adopted for crypto ETFs last year. In addition, analysts said the shift brings the sector closer to how mainstream ETFs operate. As a result, it could lead to tighter spreads and better liquidity. Moreover, it may attract new institutional investors who had been cautious about the operational constraints of cash-only redemptions. Crypto ETF assets have grown rapidly since spot Bitcoin ETFs debuted in early 2024, amassing tens of billions in assets under management. The SEC’s latest orders could accelerate that growth as issuers adapt to the new framework. The post SEC Opens Door to In-Kind Redemption Option for Crypto ETFs appeared first on Cryptonews .

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XRP Price Starts Recovery Move – Will It Lead to a Bullish Reversal?

XRP price started a downside correction below the $3.20 zone. The price is now attempting a recovery and might aim for a move above the $3.180 level. XRP price started a fresh pullback below the $3.20 zone. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $3.120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $3.080 zone. XRP Price Eyes Fresh Increase XRP price started a fresh decline below the $3.30 zone, unlike Bitcoin and Ethereum . The price declined below the $3.250 and $3.220 support levels. The price dipped below the 50% Fib retracement level of the upward move from the $3.004 swing low to the $3.330 high. The bears even pushed the price below the $3.120 support zone. Finally, the bulls appeared near the $3.080 level. The price found support near the 76.4% Fib retracement level of the upward move from the $3.004 swing low to the $3.330 high. Recently, there was a break above a bearish trend line with resistance at $3.120 on the hourly chart of the XRP/USD pair. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.170 level. The first major resistance is near the $3.20 level. A clear move above the $3.20 resistance might send the price toward the $3.250 resistance. Any more gains might send the price toward the $3.330 resistance or even $3.350 in the near term. The next major hurdle for the bulls might be near the $3.40 zone. Another Drop? If XRP fails to clear the $3.20 resistance zone, it could start another decline. Initial support on the downside is near the $3.080 level. The next major support is near the $3.020 level. If there is a downside break and a close below the $3.020 level, the price might continue to decline toward the $3.00 support. The next major support sits near the $2.980 zone where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.080 and $3.020. Major Resistance Levels – $3.170 and $3.20.

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Binance May Delist XVS/TRY Spot Trading Pair in August, Impacting Liquidity and Trading Options

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[LIVE] Crypto News Today: Latest Updates for July 30, 2025 – SEC Approves In-Kind Redemptions for Bitcoin, Ethereum ETFs, ETH ETFs See Record Inflow Run

The US SEC has approved in-kind redemptions for both Bitcoin and Ethereum spot ETFs, a move expected to enhance liquidity and efficiency for institutional investors. Meanwhile, the crypto market is flashing mixed signals today, with the total crypto market cap down by 3.8%. Bitcoin continues to trade sideways, slipping 0.4% over the past 24 hours and hovering just above the $118,000 mark. Ethereum remains solid, climbing 0.7% to hold above $3,800. Spot ETH ETFs have now recorded net inflows for 18 consecutive days, tying the second-longest streak since launch and highlighting sustained institutional appetite. But what else is happening in crypto news today? Follow our up-to-date live coverage below. The post [LIVE] Crypto News Today: Latest Updates for July 30, 2025 – SEC Approves In-Kind Redemptions for Bitcoin, Ethereum ETFs, ETH ETFs See Record Inflow Run appeared first on Cryptonews .

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Analyst Says Bitcoin’s Final Leg Is Near – Time To Be ‘Cautiously Optimistic’?

As Bitcoin (BTC) continues to trade within its local range, the cryptocurrency eyes a trend continuation, aiming to go on uncharted territory again. Despite the bullish setup, an analyst suggests that investors start to become more cautious as the weeks progress. Related Reading: Injective Targets $25 Amid Crucial Breakout Attempt – New Highs In Sight? Bitcoin Bull Flag To Determine Next Move Since the early July breakout, Bitcoin has been trading within a crucial price range, hitting its latest all-time high during this period. The flagship crypto has been hovering between $114,000-$120,000, retesting the local lows on Friday before recovering the range highs over the weekend. Amid this performance, market watcher Crypto Patel highlighted that BTC is trading inside a bull flag formation in the 4H chart, which could lead to an 8%-12% move once broken out. According to the analysis, if the cryptocurrency successfully breaks above the pattern’s descending resistance, near the $120,000 mark, its price could see a surge toward the $130,000 barrier for the first time. On the contrary, a rejection from this area could send Bitcoin toward the bull flag’s support, around $114,000, once more. The analyst warned that despite the key support’s strength, a breakdown below this level would invalidate the bullish pattern and risk a drop to the $100,000 level or below. In a Monday analysis, analyst Rekt Capital also discussed BTC’s bull flag in the weekly chart. He noted that Bitcoin closed last week above the bull flag top despite the Friday drop, “preparing and positioning itself for a confirmed breakout.” Therefore, the start-of-week pullback could be considered a volatile post-breakout retest if the cryptocurrency closes this week above $119,200. The analyst explained that “price has an entire week to do that; in fact, price could downside wick below the Bull Flag bottom to form a potential Diamond-Shaped candlestick formation in the downside wicks.” “It makes sense why price needs to dip,” he detailed, “it also makes sense for price to dip via the perspective of the newly formed Weekly CME Gap.” BTC’s Rally Running Out Of Time? As Daan Crypto Trades pointed out, BTC opened the week with a new CME Gap between $118,297 and $120,035, which was immediately closed on Monday, as the price retraced to the $117,000 mark. Notably, the flagship crypto has been closing its CME Gaps at the start of the week for the past five weeks, “building quite the streak at this point.” To the trader, “the longer this goes on, the more of a self-fulfilling prophecy it will become.” Rekt Capital also highlighted that Bitcoin has entered Week 4 of its second Price Discovery Uptrend, asserting that if BTC confirms a breakout from the weekly bullish flag, then “trend continuation in Price Discovery Uptrend 2 would be achieved.” Related Reading: Bitcoin’s Rally Might Be Running on Fumes, Analyst Warns of August Turning Point He warned that the second Uptrend could not last much longer. According to the analyst, the trend continuation could fail in the coming weeks, as the cryptocurrency transitions into the Weeks 5-7 of this phase. It’s worth noting that this cycle’s first Price Discovery uptrend lasted around 6-7 weeks before reaching the local top. As a result, he considers it “would be conservative thus to become increasingly cautious as time goes on,” starting to become “cautiously optimistic” from this week on. As of this writing, Bitcoin is trading at $117,161, a 2.1% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Stablecoins are surging, but Hong Kong is about to slam the brakes

Looks like this won’t be a free-for-all.

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