I made it into the top 500 on HL today, which I'm really proud of. This is the second time I've made a meaningful place. :)

Overview of incoming Bitcoin flows: - Strategy STRC: Upsized to $2.8b - Mara Fundraise: Upsized to $950m - Strategy ATM: Weekly average $600m - Satsuma Technology: Convertibles $130m In total $4.48b inflows into BTC are expected. This liquidity could flow into the markets as early as next week, except for Saylor, who might buy as early as today.

There has been a lot of speculation about Galaxy's execution and accusations of price manipulation, but I don't buy it. I am more of the opinion that they follow a simple rulebook and don't care about execution/prices, so they don't even try to nail the top or bottom; they simply execute regardless of the market. The main question is: Why would they sell their Bitcoin now & during illiquid hours when large inflows into Bitcoin are expected next week? Couldn't they just wait for next week to get better prices/execution? One explanation is price manipulation. I heard a lot of theories from filling shorts to hedging to maximising market impact by selling in illiquid hours to give their institutional friends a better entry price, potentially filling longs at the bottom. But, and this is a very big but, Galaxy Digital Holdings Ltd. is a regulated entity and listed on the Nasdaq. They are subject to oversight from multiple regulators, including the SEC, CFTC, and have compliance requirements around reporting, anti-money laundering, and market conduct There are 100% rules/checks in place to prevent market manipulation. Especially for a company like Galaxy that sells $9b, it doesn't make sense to play any shenanigans and to put a target on their backs. The correct answer is: They simply execute and don't care about the market.

I think $BTC breaks out here or next week at the latest, fueled by two main drivers: 1) Sell pressure from the OG Bitcoin whale has most likely been fully absorbed. 2) Huge inflows into Bitcoin start next week; Saylor alone has over $1 billion in firepower. More information below.

There is a potential $2b+ inflow into Bitcoin next week: - Saylor's average ATM has been ~$600m per week - Additionally, raising $500m via STRC (likely topped up) - Mara does an $850m raise, upsized to $950m. So we potentially have ~$2b+ from TCOs' alone, with the possibility of second-order effects that materialize via renewed ETF interest. The best reference for this is July 10 - 11. ETFs bought ~$2b and Bitcoin rallied ~10% over the next days. The rally came to a halt when an ancient bitcoin whale started transferring ~$9b Bitcoin to the Galaxy OTC desk on Monday. The price action was muted ever since as the coins exchanged hands. There is a decent chance that most, if not all, of the coins are now absorbed by the market. I give it a high likelihood that this sell-pressure is fully absorbed and that Bitcoin is able to breakout with next week's inflows.

My last 30 days were painful: - Perfectly spotted the PICO top for Bitcoin Dominance and called for altseason ever since. -> Lost money in the trenches instead of riding leveraged ETH. - Made 40% on my portfolio with a single trade, landing in the Top 300 on Hyperliquid. -> Didn’t take profits and round-tripped 70% of the gains. - Grinded my way back into profit with multiple short-term swing trades. -> Lost all gains overnight (and a bit more) on a naive ENA trade Always close but never close enough.

The biggest fumbles in Web3: - Friendtech - PumpFun - Launchcoin

Pre-IPO equities are coming to $PLUME. Colb is bridging private deal flows into the ecosystem. Fully backed, not just synthetic wrappers Check out more info on the post below:

I closed my longs yesterday before the US session. The reason for this was fear of $SBET performance & a suggestion from the Giver about US sessions on Mondays. Despite closing positions, I still made a huge mistake: $ENA announced a $360 million buyback yesterday. Each day, they are going to market buy $5m worth of $ENA - at the current price, around 8% of the circulating supply. In my opinion, this is very bullish. As you know, I track projects with buybacks: $HYPE, $BONK The buybacks from $ENA dwarf both of these. So I went max long around 2-3 hours before the close of the US session. Today I woke up with a 10% loss on size. What went wrong? 1) Of course, this announcement was front-run by insiders. Insider flows vastly outweigh the $5m daily buyback. 2) The US session wasn't over, and there was more "dip left in the charts". I got greedy and bought despite my short-term bullish stance. Which brings me to a difficult situation today: My bias on $ENA changed from mega bullish to neutral. There is a real risk that insider flows mute the chart going forward. But at the same time, I sit on a large loss & don't want to cut it. The overall bias is bullish, especially on the Solana eco. What would you do in this situation? 1) Take the loss on $ENA and move to other coins 2) Hold $ENA and try to make it back Please vote below: