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- BTC Short Term Holders Capitulate!
Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!
💧Top headlines from the last 24 hours:
• $4 Billion worth of short term Bitcoin holders capitulate.
• Major win for Tornado Cash.
📕Educational :
• Is the top in for BTC dominance?
Lets dive in.
📅 Today
Paper Hands Collapse!
$4 Billion worth of short term Bitcoin holders sold at a loss when BTC dipped to below $91,000 . Paper hands were capitulating.
Soon later, BTC rallied +5.5% at the time of writing to $96,000 just a day after the price tanked.
Bitcoin usually dips before hitting major psychological milestones. For example, before hitting $20,000 last cycle, BTC dumped 17% from $19,400.
A similar movement is being seen this time around too. The key to making money in crypto is overcoming short-term volatility and staying away from high leverage!
Tornado Cash Wins Lawsuit!
The U.S. Court of Appeals ruled that Tornado Cash's immutable smart contracts are not “property” and cannot be sanctioned under the International Emergency Economic Powers Act (IEEPA).
While the court’s decision is a major win for Tornado Cash, it does not absolve the platform from all regulatory scrutiny. Other aspects of Tornado Cash remain within OFAC’s reach, and the platform’s founders still face legal challenges
This decision limits governmental authority over decentralized technologies, marking a major victory for privacy-focused platforms.
In response, Tornado Cash's TORN token surged nearly 400%.
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📕 Educational
Rekt Capital, a well-known Bitcoin cycle analyst, believes Bitcoin dominance hasn't peaked yet.
The recent retrace to 57.68% triggered a strong Altcoin Window, sending "dino coins" parabolic. A continued dip toward the green trendline could fuel further altcoin breakouts.
However, once this window closes, Bitcoin dominance may stage a final push higher, likely leading to a final capitulation for altcoins.
If this is true, we could see some more pain for altcoins. Thus, DCA into altcoins for the next 2 months still remains the best strategy for us.
Source : Rekt Capital
📊 Stat of the day
Multiple 10-30% corrections during the previous bull cycles. Risk management & conviction is key.
🤣 Meme of the day
That concludes our update for today!
We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.
Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!
Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.
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