# BessentOnBTCReserves

#Bessent on BTC Reserves ⚠️LAST⚠️
📉A single WHALE caused the DROP of $BTC from $114,000 to $111,000 in 10 minutes by SELLING more than 24,000 BTC, including coins that hadn't moved in 5 years.
▪️This caused $250,000,000 in long leveraged positions to be LIQUIDATED in 30 minutes.
▪️The giant has already sold $2B in BTC, bought $2B in #Ethereum, and has $1.3B of $ETH in STAKING, according to @JacobKinge
👀The FALL of BTC generated some panic and there were also sales in ETH and altcoins by investors, but it seems to be recovering now.

I'm still DCAing: sol, sui and some xrp, eth, btc and some new AI and cloud projects: sahara, akt and clore.
#July PPI Beats Expectations #ETH ETFs Top $30B #Bessent on BTC Reserves #BTC Hits New ATH #Crypto Market Cap Hits ATH @btc @sol @sui

#Bessent on BTC Reserves  Bitcoin Shows Low Volatility Ahead of Fed Week, Calm Before the Storm?
Bitcoin BTCUSD is entering the new week with a rare calm. However, macroeconomic forces that could determine the market's direction for the rest of August are also at play.
Despite the low trading volumes typical of weekends, the leading cryptocurrency is exhibiting low volatility.
Bitcoin Stable Before Fed Minutes and Jackson Hole
Bitcoin is trading at $117,600 and maintained a sideways price slump over the weekend. Data shows the volatility index has fallen to 1.02%, a level last seen in October

Bitcoin is still trading below its recent highs, continuing a correction that began after reaching a record high above $124,000 last week. As of today, the cryptocurrency is trading around $115,347, down 7.7% from its peak and a 3% decline over the past week.
The decline indicates a loss of momentum, and market data suggests reduced buyer demand on major exchanges. According to the latest analysis shared on CryptoQuant's QuickTake platform, the decline is closely linked to a shift in activity on Binance, the world's largest cryptocurrency exchange by trading volume.#Bessent on BTC Reserves #J

Blockchain runs in her veins.
#July PPI Beats Expectations #ETH ETFs Top $30B #Gate Alpha Peak Trading Competition #Bessent on BTC Reserves #Gate Releases August Reserves Report

Bitcoin ETF Inflows Surging as BTC-USD Holds Below $120,000
Record ETF Inflows Underscore Investor Confidence
Bitcoin-based ETFs continue to dominate headlines, with inflows reaching $365.57 million on September 26, a stark reminder that institutional investors remain engaged despite recent price volatility. The largest contributor was the ARK 21Shares Bitcoin ETF (ARKB) with $113.82 million, followed by BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT), which added $93.38 million, bringing its cumulative inflows to $21.31 billion. Fidelity's Wise Origin Bitcoin Fund attracted $74 million, and B

Bitcoin (BTC) is back in the spotlight as investors consider the possibility of a record high of $300,000 amid August volatility. Since BTC failed to re-establish retracement levels, institutional data indicates an increase in open interest, suggesting new positions are being opened during a correction.#Bessent on BTC Reserves #July PPI Beats Expectations #Bit Digital’s Pivot Pays Off #BTC ETFs Top $153B in Holdings #Jackson Hole Meeting

Bitcoin has already had a stellar year – new highs, billions flowing into ETFs, and a relentless rally in the cryptocurrency market. However, the past week hasn't been so kind to it. BTC's price has fallen below $114,000, down more than 8% from last week's peak.
Such moves are not uncommon. Cryptocurrencies typically move sharply, and corrections often displace excessive leverage before the next rally. The question is whether we'll see another decline before Bitcoin approaches its new target – potentially as high as $130,000.#Crypto Market Pullback #Content Mining & Earn Rich Commission #Besse