Momentum Trades

Good day, friends ☀️

💬 Wintermute: $ETH is not the right asset for the current macro environment They also added that longing $BTC at these levels basically means betting that institutions will come back into the market despite rising Treasury yields and returning inflation. And that could be difficult until markets fully digest the changing macro picture 🤷‍♂️

🔹 Ethereum Foundation reshuffle continues While Tom Lee keeps buying more ETH — another $150M added — people are still leaving the Ethereum Foundation… After Tim Beiko and others, two more developers just exited: Carl Beek and Julian Ma. 📋 These weren’t random employees either:

• one worked on the Beacon Chain and Ethereum throughput • the other focused on network economics, scaling, and privacy

At this point, it doesn’t really look like a normal rotation anymore 👀

GM, friends ☀️ White House rejected Iran’s revised ceasefire proposal, saying there’s been no meaningful progress — so the chaos continues 😁 Markets still not reacting much for now, but the moment Trump announces any kind of strike or drops another statement on the situation, we could see a sharp move📉

BTC tapped the level we talked about — all according to plan 👀 For now just watching, but feels like they might keep sending it lower 📉 Anyone catch the short? 🔥

🔍 Goldman Sachs fully exited all Solana ETF positions and nearly wiped its XRP ETF exposure. At peak last quarter, they were holding: ➡️ ~$108M in SOL ETFs (now fully closed) ➡️ ~$154M in XRP ETFs (almost fully exited) At the same time, they opened a new position in 654,630 shares of PURR (~$4.6M) 👀 Hyperliquid Strategies (PURR) is a public treasury company accumulating HYPE.

GM, friends ☀️ The rally’s played out, and now some of the world’s biggest investors are cutting positions at the same time 📉 📋 Among them:

• Greg Abel • Bill Ackman — almost fully exited Google • Chris Hohn’s TCI Fund cut risk exposure 10x • Daniel Loeb exited Microsoft and PG&E

Says one thing to me: stocks already made their move and delivered returns… now it might be crypto’s turn 😁

What are you guys doing in crypto rn? 👀 ❤️ — Watching the market & news 🔥 — Buying spot 👍 — Trading futures 👌 — Spot flipping / scalping 🤝 — Farming drops & testnets

GM, Friends ☀️

🪙 Interest in Bitcoin is now lower than during bear market levels Right now, nobody really cares about crypto 👀

Majority of the market is heavily long rn 📉 Most participants are positioned for further upside — not just on BTC, but across the top alts too. 📋 For example: • SOL — around 70% of traders in longs • BNB and ETH showing similar positioning • BTC slightly “healthier,” but still ~60% long That’s a pretty ugly setup, because crowded longs usually end with market capitulation 📉 There’s a lot of room for a correction here, and personally I’m not buying into the “straight to new ATH” narrative right now.

GM, friends ☀️

⚡️ New TIME cover: “The Reunion” Doubts are definitely there… what do you guys think? 👀 Is this reunion actually real? 🫣 Because judging by the videos and photos from Trump’s China visit, it didn’t really look like Beijing was that interested in the US 🇺🇸

‼️ For the first time ever, Strategy may sell BTC to cover obligations Strategy remains the largest corporate Bitcoin holder in the world, and up until now the company had never sold any BTC. The firm plans to buy back ~$1.5B worth of convertible notes maturing in 2029. Saylor spent years building the image of never sell your Bitcoin. The wording “and/or sale of Bitcoin” in the official filing doesn’t guarantee they’ll sell — but the fact it’s even mentioned is already a market signal, and not exactly a bullish one 📉

Bitcoin looking like a rollercoaster rn — price getting whipped up and down 🎢 Earlier I said I was expecting downside, but with this kind of chop they might shake everyone out first and then send it higher at the start of next week 👀

😁 Trump announced a fantastic trade deal with China — insiders estimate it at around $1T But the key part: Beijing supports keeping Iran nuclear-free and maintaining open shipping through the Strait of Hormuz. Though… what else were they supposed to say 😇 BTC pumped to $82k overnight after the Senate Banking Committee approved the Clarity Act. Price now back below $81k since the bill only has 55/60 votes needed to close debate — meaning final approval could drag into August 👏 📋 Scenarios: • BTC bulls still struggling to build momentum — key support sits at $80.4k. Lose that and market probably gives one more entry below $80k • ETH holding the lower end of the range around $2,222, but the 4H structure is starting to shift bearish 📉

📋 Trump wants the Strait of Hormuz reopened, while Xi is offering help on the Iran situation $SP500 just hit 7500 for the first time ever — up 20% since March, adding $11T in market cap over 7 weeks 🚀 That’s basically 4 entire crypto markets combined. Crypto bounced a bit too, but still waiting for more bullish momentum from the Clarity Act. Only the first batch of amendments got approved today, which helped fuel the move📈

GM, Friends 🙂

🔪 Traders heavily betting against BTC & ETH — shorts dominating the market ➤ If BTC rips to ~$87.9k, short liquidations could exceed $4.89B ➤ If ETH pumps to ~$2.5k, short liquidations could top $3.36B Plenty of squeeze fuel sitting above👀

Beijing