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CryptoPatel
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Market Update – Read This Carefully Right now, both #Bitcoin and #Ethereum are trading below their key moving averages. This is important because it tells us the market is still in a bearish structure, not a new uptrend. What price is showing: ▪️ Every bounce is getting sold near moving averages ▪️ Selling volume is stronger than buying volume ▪️ Breakout attempts happen with low conviction On-chain / flow insight: ▪️ No clear whale accumulation yet ▪️ Liquidity is leaving on rallies, not entering ▪️ Buyers are present, but weak and cautious Bitcoin vs Ethereum: ▪️ Ethereum is holding up better than Bitcoin ▪️ ETH recovery looks cleaner, with less panic selling ▪️ But ETH is still below major resistance, Trend not flipped What this means for price: ▪️ Current moves look like relief bounces, not bottoms ▪️ Until price reclaims key levels with strong volume, downside risk remains ▪️ A deeper correction is still possible before the next real bullish phase Strong markets don’t struggle to go up. Weak markets do. Stay patient. Let the market show strength before getting aggressive.
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#Bitcoin Supply-Adjusted CDD stays suppressed. That means old coins aren’t moving: Long-term holders are not distributing. We saw a brief spike → fast reset. That’s tactical profit-taking, not whale exit liquidity. Translation: Recent downside ≠ macro Top. Structural holders are still betting on higher prices.
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#Bitcoin just flashed a classic capitulation → accumulation signal at $84K. On-chain transfers hit their highest level since May exactly as price bottomed. That usually means panic sellers exited while strong buyers stepped in. Result: $84K turns into a high-demand zone, not a breakdown.
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Brazil’s largest private bank, Itaú Unibanco, has recommended putting 1–3% of an investment portfolio into Bitcoin. The bank says #Bitcoin can: 🔹 Help diversify portfolios 🔹 Reduce risk because it doesn’t move like traditional assets 🔹 Offer some protection against currency weakness, especially in countries with volatile currencies Investors can gain exposure through BITI11, a Bitcoin ETF traded on Brazil’s stock exchange. This move follows other major banks: 🔹 Morgan Stanley suggests 2–4% in crypto 🔹 Bank of America suggests 1–4% through regulated products When large banks start recommending Bitcoin, it shows growing confidence in Bitcoin as a serious investment asset.
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#Bitmine Immersion now holds 3.2% of the current $ETH supply worth $12 billion. #CryptoPatel
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