📈 Bitcoin Rallies Despite Strategy Selling & Trump Accounts May Add Crypto!
Strategy sells a larger amount of BTC but Bitcoin seems to be shrugging it off!
Hey Thinkers 💡
The Bitcoin rally almost hit a major roadblock this morning after news broke that Michael Saylor’s Strategy sold a significant amount of Bitcoin.
According to the announcement, Strategy sold 3,588 BTC between June 29 and July 5 at an average price of $60,197.
The market initially reacted negatively, with Bitcoin selling off on the headline. However, the dip didn’t last long. Buyers quickly stepped in, pushing Bitcoin back above $63,000, while several altcoins also resumed their climb higher.
That resilience is encouraging.
📊 The Charts Continue to Improve
We’re seeing more evidence that the bear market bottom is very close—if it isn’t already in.
That doesn’t mean we’re out of the woods yet. We still need additional confirmation, but the technicals continue to improve.
Daily Bitcoin Chart
The daily timeframe is showing constructive signs:
RSI still has room to move higher, suggesting Bitcoin could continue its relief rally.
MACD remains bullish, indicating buyers currently have momentum.
If this rally continues, a move toward $70,000 is certainly possible before we see another meaningful pullback.
The Bitcoin MVRV also suggests there is still room for the rally to continue. While the 30 day indicator has moved above the neutral zone, it has yet to reach overheated levels.
Weekly Timeframe Remains Bullish
The higher timeframe continues to support the recovery thesis.
We’re still seeing:
A bullish divergence forming on Bitcoin’s weekly chart
A bearish divergence on the USDT Dominance weekly chart
These are two of the same signals that appeared near previous cycle bottoms.
The Bitcoin divergence suggests downside momentum is fading, while the USDT Dominance divergence implies liquidity may soon rotate out of stablecoins and back into crypto assets.
Taken together, they strengthen the case that we’re approaching a major turning point.
🏛️ A Major Catalyst Could Be Around the Corner
One of the biggest potential catalysts for the market is the CLARITY Act.
Although lawmakers missed the original July 4 target, attention now shifts to the next key deadline:
August 7.
The timing is important because the U.S. Senate begins its summer recess on August 10, returning on September 14.
That leaves a relatively small window to move the legislation forward before Congress breaks.
If the bill advances, it could provide another meaningful boost to market sentiment.
🧠 My Approach
As I’ve mentioned in previous newsletters, I’m continuing to accumulate.
I believe we’re operating inside the bottom zone.
No one can consistently buy the exact bottom.
But history shows that long-term wealth is often built by accumulating when:
Fear is elevated
Sentiment is overwhelmingly negative
Prices are heavily discounted
That’s why I’m taking a long-term view and continuing to dollar-cost average into the market.
It’s an approach you may want to consider as well, depending on your own investment goals and risk tolerance.
🔥 Major Crypto News
🇺🇸 Trump Says Bitcoin Could Be Included in “Trump Accounts”
President Donald Trump suggested today that Bitcoin could eventually play a role in the new Trump Accounts savings program, telling reporters that “something could happen“ when asked whether the accounts might eventually hold Bitcoin.
Yesterday I shared my thoughts regarding the Trump Accounts on X:
“Regardless of your political beliefs, this is a positive development. It helps future generations build wealth as central banks continue debasing fiat currencies, gives children exposure to long-term assets earlier in life, and provides an additional financial safety net in a future increasingly shaped by AI and automation. It could also support markets by creating more long-term holders. I wouldn’t be surprised if crypto exposure is gradually expanded over time.”
🏛️ Major Sheriffs Organization Softens Opposition to CLARITY Act
The Major County Sheriffs of America (MCSA) has shifted from a negative to a neutral position on the CLARITY Act following ongoing discussions surrounding Section 604, also known as the Blockchain Regulatory Certainty Act.
This removes another obstacle as lawmakers continue negotiating the legislation.
🇪🇺 Ripple Receives Full MiCA Approval
Ripple has officially received full MiCA approval, allowing the company to offer regulated crypto services across the European Union.
The approval marks another significant milestone for Ripple’s global expansion.
⚙️ Ethereum Preparing Its Biggest Upgrade Since The Merge
Vitalik Buterin says Ethereum is preparing for its most significant upgrade since The Merge.
The overhaul aims to improve scalability, efficiency, and the long-term performance of the Ethereum network.
🧩 Final Thoughts
Today’s Strategy headline tested the market—but Bitcoin’s quick recovery shows buyers are still stepping in.
The technical picture continues to improve:
RSI has room to move higher
Daily MACD remains bullish
Weekly bullish divergence continues developing
USDT Dominance is flashing a bearish divergence
Meanwhile, the CLARITY Act could provide an important regulatory catalyst in the weeks ahead.
We’re not at full confirmation yet, but the evidence continues to support the view that we’re in or near the bottoming process.
Stay patient. Stay disciplined. Focus on the long term.
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📈Crypto Market Metrics
Here are some key data points from Santiment
Top 10 Coins Trending via Social Media
Top Gainers in Social Dominance
Top Losers in Social Dominance
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📺 Recent Interviews
Michael Blau, Head of Product and CTO at Royal, the company behind Drip, joined me to discuss how the platform is helping writers and content creators get paid in stablecoins when AI agents use their work.
Nathan McCauley, Co-Founder and CEO of Anchorage Digital, joined us to discuss how the firm is helping institutions adopt blockchain technology and utilize crypto.
Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, joined me to discuss how institutions such as the DTCC and governments, including Bermuda, are adopting the Stellar blockchain.
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-Tony
Tony, the strongest signal is not simply that Strategy sold 3,588 BTC. It is that the market absorbed approximately $216 million in supply and recovered quickly. That suggests buyers are still active beneath the surface.
I am not calling the bottom confirmed yet. I would want sustained ETF inflows, stronger spot volume, a higher low, and broader participation from Ethereum and the altcoin market.
I would also separate the Trump Accounts thesis from the verified structure. The accounts currently focus on U.S. equity index funds, so crypto inclusion remains speculative unless the rules change.