Bitcoin‘s 4-year cycle “Dead,” says Pierre Rochard
Ah, the grand old cycle of Bitcoin-once heralded as the inevitable rhythm of the market, now dismissed as yesterday’s news. Rochard, the oracle of crypto cynicism, declares the four-year pendulum has stopped swinging, and we’re all just chasing shadows. Who needs halving events anyway? With 95% of BTC already mined, those rewards are about as meaningful as a cherry on a sundae after you’ve already eaten the entire thing. 🍒🍨
Imagine believing that reducing block rewards could shake the entire crypto world at this stage-what a quaint notion! Now, most of the trading actions are driven not by miner magic but by OG whales-those mysterious giants whose whims are the true puppeteers of the market. 🤫
And demand? Oh, it’s no longer coming from your basement-dwelling retail gamblers. Institutional behemoths-ETFs, corporate treasuries-are the real kings now. Retail may still have a voice, but it’s about as loud as a whisper in a hurricane. 🌪️
XRP nears breakout above key trendline
In the epic saga of XRP, a breakthrough looms like a hero ready to burst free from its chains. The price ticked up to $3.28, bravely challenging that illusive trendline-our digital Everest since late July. The question is, will XRP finally clamber over the $3.30 hurdle and wave goodbye to this three-week-long technical barricade? 🏔️
All eyes on the prize: a daily close above $3.30. If that happens, it’s smooth sailing to $3.50 and maybe even $3.70-like climbing a ladder on a rocket. 🚀 But beware-volume is the fickle accomplice here, trending down as prices climb, which makes the whole breakout thing look like a plastic tree in a fireworks display. 🎆
Still, support lines and moving averages are the sturdy old friends we cling to-because sometimes, technicals are the only reason you don’t end up holding a bag of hot air. 🎈
Ethereum whale sends $135M to Coinbase
The whale story this week could rival any blockbuster-over $135 million worth of ETH lands at Coinbase, sparking whispers of a potential sell-off. Ethereum’s price recently ascended past $4,000, gaining 17%, a move that’s about as subtle as a freight train in a library. 🚂📚
The mysterious whale, operating from the shadows, moved 31,699 ETH to Coinbase. The message? “Time to cash out, perhaps.” Or maybe it’s just the whale taking a scenic detour. Either way, history suggests caution: when ETH hit $4K last December, a nosedive below $2K ensued shortly thereafter-a bit like riding a roller coaster straight into a meat grinder. 🎢🔪
While transfers don’t always equal sales, this one definitely causes worry. Investors wonder if it’s déjà vu all over again-another seasonal sell-off lurking just around the corner. Or maybe the whale just wants to buy a yacht. Who can say?
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2025-08-12 20:28