Cryptocurrency Market Insight: Whale Transfers & Upcoming Catalysts

The market and several key points. People ask me to comment on the awakened ancient wallets and the movement of tens of thousands of bitcoins — what I think about this. My answer is: I don't care. For those unfamiliar, here is the story: A mysterious whale has been holding 80,000 BTC ($8.7 billion) on 8 wallets since 2011. Yesterday, it transferred 50,000 BTC ($5.4 billion) to new addresses. The crowd believes that now everything will sell off, crashing the market. Before swallowing this "mud," think about it: 1. Why are these transfers made in a way that the entire internet writes about them? 2. Why does something happen specifically on weekends? 3. If no one is flooding exchanges with coins, just changing wallets, then why all the fuss? Maybe this act is deliberate — to sow doubt in untrained minds and keep the price within a profitable range for someone? And it appears that this is what happened. Better to take an example from him — a person (or whoever) held the asset for so many years. He didn't panic during wars, COVID, or when Bitcoin dropped to its lows. He held! And even if he now sells everything and crashes the market, I will say — well done, I aspire to be like him! Regarding the market. Trump signed a tax bill (Big, Beautiful Bill) — I wrote about it in this post. It’s good news for crypto. Ethereum and Bitcoin are at historic highs in accumulation. Do you think only Bitcoin is being bought? Check the stats: in June, long-term investors bought over 6 million ETH coins. Plus, 1 million went into staking. Next week, on July 9 and 14, two key dates for the entire industry await, and I believe July could become a turning point for the crypto market — in a good sense of the word. But I’ll write about that in a separate post. I am more than confident that with the reopening of the Bitcoin market, it will attempt to re-write its maximum. Take care! Today I will distribute HOT coins.