Bitcoin Derivatives are overheating like a summer day in the Sahara, and traders are stacking massive long clusters, making a remarkable imitation of 2024’s setup. Because, who doesn’t love a good déjà vu?
According to Google’s blog (which I’m sure you all read religiously), this cash splash is part of their grand plan to boost AI, cloud services, and cybersecurity. Because, let’s face it, who doesn’t love a bit of cybersecurity? It’s like the Brussels sprouts of the tech world – good for you, even if you’re not entirely sure why. 🥦🔒 They’re also promising thousands of jobs, which is nice, though I’m still waiting for my invitation to become Chief Meme Officer. 🏢💼
This Tuesday morning’s spectacle, hosted by Sen. Cynthia Lummis and Rep. Nick Begich-Republican champions of the BITCOIN Act-promises a full cast of crypto aristocrats: Strategy’s own Saylor, Fundstrat’s oracle Tom Lee, Cardano’s illustrious Charles Hoskinson, Bitdeer’s harbinger Haris Basit, Riot’s wrangler Brian Morgenstern, and Cleanspark’s commander Matt Schultz. If this were a novel, one might call it a veritable League of Extraordinary Cryptos.
By Shayan, the galactic chart whisperer.
Behold! The report proclaims that dormant addresses-those digital tombs where BTC lies entombed for seven years-orphaned of movement, and the corporate titans hoarding 1,000 BTC like Scrooge McDuck in a blockchain vault-shall unite to claim 6 million coins. A supply shock so profound, it could make the Tsar’s Decembrists weep. Or perhaps laugh? The chaos is sublime. 😂
Out of the gray fog where Bitcoin and Ethereum play their eternal game of tug-of-war, like weary old men who forgot why they started, emerges Solana-swift, promising, and disturbingly efficient. The market, a congregation of nervous souls, is collectively holding its breath as if awaiting a verdict from the omnipotent Fed we never elected. Wednesday’s rate decision looms ahead like a portentous thunderclap in a sky too quiet.
Shytoshi Kusama-the enigmatic puppeteer of Shiba Inu-has been loitering in silence on X, as if savoring the drama of absence. Earlier this week, however, he cracked the door and let slip a whisper, enough to send meme-coin enthusiasts clutching their digital pearls.
Unlike the fiery excitement of months past, when every tick on the chart was a drama worthy of the West End, September has brought something closer to the peace of a countryside retreat. It’s a ‘neutral’ period, like the sort of bland sandwich you’d get at a conference buffet-unremarkable, but at least it’s not going to ruin your day. 🥪
However, traders appear vexed by hold-ups in Solana’s ETF approvals, while long-time holders have kicked back, cashing in on their well-earned trophies. The million-dollar question (or should I say billion-dollar?) is whether SOL can keep its head above what’s known as “support levels” or risk tumbling down further. Solana’s price charts address this enigma and much more.
Introduced with the effortless elegance of an unrushed debutante, the BITCOIN Act-by the ever-distinguished Senator Cynthia Lummis-entreats the United States to procure a million Bitcoin, luring investors like Saylor and Thiel with a five-act play that stretches across five years. This initiative, askew only in its audacity and brilliance, is to be financed through “budget-neutral strategies,” a phrase that parlays the very essence of windmills meeting cavalry.