Stormrake - Insights #Bitcoin $110kStormrake - Insights #Bitcoin $110khttps://www.stormrake.com/blogs/tag/bitcoin-110kTue, 28 Apr 2026 23:46:17 +1000http://zoho.com/sites/<![CDATA[$112K: Bitcoin Finally Prints a New All-Time High]]>https://www.stormrake.com/blogs/post/112K-Bitcoin-Finally-Prints-a-New-All-Time-HighBitcoin joins the rest of the risk-on markets by breaking its all-time high]]>
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For the first time since May 22nd, Bitcoin has printed a new all-time high at $112K, just $20 above the previous peak. The rest of the crypto market is reaping the spoils of this long-awaited breakout, with bulls firmly back in control and Ethereum outperforming as it leads the broader rally.

Markets have rallied off the back of the FOMC meeting minutes released overnight, which revealed that most Fed officials expect rate cuts ahead, though they remain divided on the timing and magnitude. A couple of members see the first cut coming as soon as the next meeting later this month, while others think no cuts would be appropriate this year. Analysts and investors are still expecting to see two cuts this year with more to come in 2026. Traditional markets stayed green, with the S&P500 and Nasdaq pushing higher, and a massive milestone was hit: NVIDIA became the first company to reach a $4 trillion USD market cap.

The FOMC minutes have overshadowed further tariff announcements by Trump, who has imposed one-way tariffs on another seven countries, bringing the total to 21 nations facing these tariffs from August 1st. Brazil was a surprise inclusion, slapped with a 50% tariff, despite the US running a trade surplus with them — exporting more goods than it imports, unlike the other targeted countries.

There are no more excuses for Bitcoin. This is the breakout the market has been waiting for, with bulls now controlling momentum and structure across all timeframes. Rate cuts are just around the corner, global money supply keeps rising, and the market has moved on from tariff fears, no longer phased by trade spats. This strong start to H2 is exactly what Bitcoin needed to keep 2025’s lofty expectations alive.

Stormrake Spotlight: Hyperliquid (HYPE) ($40.59)

HYPE gained nearly 5% yesterday on the back of Bitcoin’s breakout. The bulls defended the 21EMA support and have pushed it back into the stubborn resistance zone that’s capped price for the past month. If Bitcoin keeps grinding higher, we can expect HYPE to push through this zone and make a run for new all-time highs.

BTC/USD Key Levels and Price Action:

Yesterday we highlighted Bitcoin’s potential breakout from consolidation — and it delivered. We woke up to fresh all-time highs and a clear bullish continuation. Nothing on this chart suggests any reason to be bearish. The previous ceiling has been broken and targets now sit higher — and then some.

BTC Total ETF Flows for 9 Jul: + 80.6 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Thu, 10 Jul 2025 13:03:14 +1000<![CDATA[Markets on Hold as Tariff Twists Keep Investors Guessing]]>https://www.stormrake.com/blogs/post/Markets-on-Hold-as-Tariff-Twists-Keep-Investors-Guessing
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Another quiet day across the markets as investors remain in a holding pattern, waiting for further sporadic tariff announcements from the President. With no set schedule and unpredictable timing, these updates keep investors on their toes, leaving markets in wait-and-see mode as uncertainty lingers.

There will be no delays or revisions to the tariffs imposed on 14 countries earlier this week, Trump has confirmed they will go live on August 1st.

Overnight, a fresh 50% tariff on copper imports was announced, which saw Copper rally nearly 20% on the announcement, alongside threats of further sector-specific tariffs. Notably, Trump threatened tariffs of upto 200% on pharmaceuticals, although this would take 12 to 18 months to implement to give the industry time to adjust. Over the next three weeks, we can expect more of these unexpected updates, which should bring clarity on which countries face additional tariffs come August 1st.

Trump Media & Technology Group (DJT) Dives Deeper into Crypto

Trump continues to push into crypto through his Media company, Trump Media & Technology Group (DJT). A few months ago, they announced plans to acquire $2.5 billion worth of Bitcoin, and now they’ve filed for a “Crypto Blue Chip ETF” with the SEC. The proposed ETF would hold 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos, and 2% Ripple.

Jack Dorsey Unveils Decentralised Messaging App ‘Bitchat’

In other crypto news, former X (Twitter) CEO Jack Dorsey has just launched a new decentralised messaging app called ‘Bitchat’. It offers end-to-end encrypted messaging and, as Dorsey describes, “provides ephemeral, encrypted communication without relying on internet infrastructure, making it resilient to network outages and censorship.” A standout feature Bitcoin users are testing is the ability to send Bitcoin without internet access via Bluetooth or mesh networks. The app stores transactions until it reaches an online device that can broadcast to the Bitcoin network, making it ideal for blackouts, emergencies, or off-grid use. So yes, you can transact offline, but the transaction still needs an internet-connected node to complete.

Stormrake Spotlight: Hyperliquid (HYPE) ($39.10)

HYPE remains rangebound, trading between its tight support and resistance. Yesterday saw HYPE nearly drop 5% intraday before reversing during the US session and closing green. Bulls continue to defend the 21EMA and support, while bears keep rejecting consistent closes in the resistance zone.

BTC/USD Key Levels and Price Action:

Bitcoin looks to be approaching the end of its consolidation phase. Over the past week, we’ve seen constant momentum shifts, with neither bulls nor bears taking control. The structure remains neutral, with higher lows and lower highs forming a symmetrical triangle. Now, BTC is potentially breaking out of this pattern, but the real test is the key resistance level at $109.5K, which has repeatedly capped further gains.

BTC Total ETF Flows for 8 Jul: + 8.5 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Wed, 09 Jul 2025 13:21:56 +1000<![CDATA[Trump’s Tariffs Back in the Spotlight]]>https://www.stormrake.com/blogs/post/trump-s-tariffs-back-in-the-spotlight
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His/Her Excellency,

It is a great honour for me to send you this Morning Note…

This is how Trump has begun his letters to individual world leaders, informing them of the new tariffs they will face from August 1st. So far, Trump has announced tariffs on 14 countries, ranging from 25% to 40%. Some of the affected countries include Japan, South Korea, Serbia, Thailand, Malaysia, Kazakhstan, South Africa and Indonesia. It appears this is only the beginning, as the extension of the pause from July 9th to August 1st was intended to create new deals. However, these new tariffs are not negotiated agreements. They are unilateral measures Trump has imposed in an attempt to address trade deficits and what he calls ‘unfair trade practices’. He has also threatened that any retaliatory tariffs on the United States will be matched, with the announced tariffs added on top.

The first trading day for traditional markets since the Independence Day long weekend saw risk-on sentiment fade, with the S&P 500 and Nasdaq both losing 0.79%, marking the S&P’s worst day in nearly three weeks. Japanese automakers bore the brunt of the selloff, with Toyota and Honda down 4.1% and 3.8% respectively.

This spilled over into the crypto space, with Bitcoin falling nearly 1% as it battles to hold above $108K. Altcoins also lost ground, but the total altcoin market cap dropped slightly less than Bitcoin on the day, slipping 0.80% compared to Bitcoin’s 0.88% pullback in price. Sentiment remains firmly in the greed territory, sitting between a reading of 65 and 73.

Although risk-on markets still have bullish momentum overall, they are likely to stay reactive to further tariff announcements right up to the 1st of August and could remain volatile even afterwards.

Stormrake Spotlight: Hyperliquid (HYPE) ($38.85)

Hyperliquid fell 3% yesterday and remains stuck within an extremely tight range. Neither bulls nor bears have managed to push it decisively through support or resistance. The bulls do hold the advantage in terms of momentum and structure, so if you had to pick a side, the bulls should come out on top.

BTC/USD Key Levels and Price Action:

Bitcoin once again failed to reclaim $109.5K yesterday. The rejection from this level has put fresh pressure on the bulls, with momentum turning bearish and BTC now close to trading below all its key moving averages once again. The structure remains relatively neutral for now, with lower highs but also higher lows. For the bears to take control, BTC would need to break down towards $107.2K.

BTC Total ETF Flows for 6 Jul: (data not available at the time of writing)

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Tue, 08 Jul 2025 12:36:48 +1000<![CDATA[A Quiet Weekend for Bitcoin as the Whale Mystery Remains]]>https://www.stormrake.com/blogs/post/A-Quiet-Weekend-for-Bitcoin-as-the-Whale-Mystery-RemainsBitcoin bounces as focus stays on mega whale moves, record weekly close and a TON of questions]]>
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After the bearish day that was Friday, Bitcoin has enjoyed a quiet yet bullish weekend, almost reclaiming the entire pullback it suffered on Friday. With no major news or announcements moving Bitcoin over the weekend, the crypto space remained fixated on the mega whale transfers that took place on Friday night and Saturday morning. Arkham Intelligence confirmed that the movement of 80,009 BTC was for wallet upgrades rather than liquidations. The funds were moved from a legacy address to a more modern one, boosting transaction efficiency and reducing network fees. Whilst the mystery still lingers over who was behind the transfer, some raised suspicions of a potential quantum hack. However, many believe it was Roger Ver, the early Bitcoin investor who was jailed in Spain back in 2011 and was recently released this June. It all remains speculation though, and we may never know for certain who moved it.

Bitcoin has also set another record, posting its highest weekly close in history at $109.2k.

Meanwhile, it was reported that ‘The Open Network’ (TON) had partnered with the UAE to offer a golden visa, whereby investors could stake $100,000 worth of TON tokens for three years plus an additional $35,000 fee. Conventional UAE golden visa routes usually require a minimum $540,000 investment in illiquid assets, making the TON route seem far cheaper. This news sent TON rallying 13% in an hour before many began to question it. Binance founder ‘CZ’ queried the legitimacy of the announcement, saying, ‘It would be awesome if true,’ but noted there was nothing on any official government website to back it up — adding that if it were real, he would ‘definitely try to get it on BNB too’. A recent press release confirmed by UAE regulators has since denied the claims that golden visas were being offered to crypto investors. TON has since fallen 8% from its high following the denial, but this does open the door to the potential idea of golden visas linked to crypto investments, which could incentivise investors to relocate and help countries become crypto hubs.

Over on X, ‘TACO’ is trending — for those unfamiliar, it stands for ‘Trump Always Chickens Out’. It’s trending because the 90-day pause on Liberation Day tariffs was initially due to expire on 9 July. Trump said last week that an extension was unlikely, but the July 9 deadline has now been pushed back to 1 August. Trump claims new trade deals have been made and that tariffs on other countries will increase by August 1.

Stormrake Spotlight: Hyperliquid (HYPE) ($39.59)

HYPE mirrored Bitcoin’s move over the weekend with two green candles, bouncing from the support levels identified on the chart above. The 21EMA and the CPR support zone continue to hold HYPE up, strengthening the bullish case. However, it now faces the same resistance zone that has capped it for nearly a month.

BTC/USD Key Levels and Price Action:

Yesterday evening saw Bitcoin break out of its tight consolidation range, flipping momentum back to the bulls with a bullish cross of the 21 and 55EMA (yellow and green lines). It managed to retest the key resistance level at $109.5k but was rejected immediately. BTC is now trading back at the 21EMA, which should continue to act as support. We can expect another attempt at this key resistance, which will be crucial to break through if Bitcoin is to push higher.

BTC Total ETF Flows for 6 Jul: (data not available at the time of writing)

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Mon, 07 Jul 2025 13:15:58 +1000<![CDATA[Satoshi-Era Bitcoin Wallets Spring Back to Life]]>https://www.stormrake.com/blogs/post/Satoshi-Era-Bitcoin-Wallets-Spring-Back-to-LifeEight wallets from Bitcoin’s 'Satoshi Era' have just moved $8.4 billion in BTC after 14 years of silence.]]>
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Bitcoin has seen a slight pullback following the unexpected movement of coins from eight specific wallets. Bitcoin is moved constantly, so what makes these eight wallets so significant? The last time any of them showed any activity was 14 years ago during the so-called ‘Satoshi Era’ back in 2011.
Combined, these wallets shifted a total of $8.4 billion worth of Bitcoin. Importantly, the coins have not been sold or moved to an exchange, they have simply been transferred to other wallets. Naturally, this has triggered a frenzy of speculation, with some wondering if it could be Satoshi Nakamoto himself, Ross Ulbricht (creator of Silk Road), or early Bitcoin investor Roger Ver.

The timing has not helped the price action. Bitcoin was already seeing a mild pullback and this event saw the Fear and Greed Index drop eight points to 67, slipping from the edge of ‘Extreme Greed’. Altcoins felt the chill too, with the total altcoin market losing 2.35% over the last 24 hours.

This pullback is not especially concerning as the broader bullish momentum remains intact. However, with the 4th of July holiday and a long weekend in the US, anything is possible. Historically, this holiday period and July in general tend to bring lower volatility for the S&P 500. In fact, July is typically its least volatile month for the index. Bitcoin does not follow the index in any consistent way though, showing mixed volatility in past years around this holiday, so the S&P’s direction will likely have little impact on BTC in the near term.

Stormrake Spotlight: Hyperliquid (HYPE) ($38.80)

HYPE has once again failed to push deeper into its resistance zone, falling short of $41 for the second time in four days. This rejection has sent HYPE back below resistance after a 3% loss yesterday. Despite this, the overall momentum and structure remain bullish.

BTC/USD Key Levels and Price Action:

Bitcoin is back below $108k after failing to hold above the key $109.5k level. This failed attempt has seen BTC drop 1.5% in the last 24 hours, flipping short-term momentum back to the bears with a bearish cross of the 21 and 55 EMAs. BTC has tested both the 200 moving averages as support around $107.5k. The overall structure still favours the bulls as long as this pullback holds above the recent low at $105.1k. If so, the outlook should continue to favour a push higher.

BTC Total ETF Flows for 4 Jul: (data not available at the time of writing)

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Mon, 07 Jul 2025 09:53:19 +1000<![CDATA[Bitcoin Finally Joins the Party]]>https://www.stormrake.com/blogs/post/bitcoin-finally-joins-the-partyBitcoin joins other traditional risk-on assets and is back on the brink of its all-time high.]]>
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Traditional indices have been enjoying the risk-on sentiment for nearly a fortnight, with the S&P 500 and Nasdaq dominating as they trade at fresh all-time highs in price discovery territory. Meanwhile, Bitcoin has been lagging behind but that is starting to change.

Bitcoin has finally joined the party, up nearly 5% in two days and hovering just below its all-time high. It is on the brink of confirming its bullish structure too. It fell just short of breaking the recent higher low in the broader market structure. The next push higher will likely see Bitcoin break this level, confirm the bullish trend and move on to test its all-time high, which sits less than 2.5% away from current prices.

Market sentiment continues to climb alongside price, as it often does. These two tend to move together. The Fear & Greed Index now sits at 73, just two points away from the extreme greed zone of 75 and above. The total altcoin market cap has also risen over the past few days while Bitcoin dominance has edged slightly lower. Both are still within their broader trends though, with altcoins still waiting for a decisive breakout and Bitcoin dominance not yet close to breaking down.

On the policy front, the US House has just designated 14–18 July as Crypto Week to focus on key digital asset legislation, another sign that crypto is gaining more mainstream political traction.

Stormrake Spotlight: Hyperliquid (HYPE) ($40.38)

HYPE posted another green day, up just 1% but pushing deeper into its resistance range. The structure and momentum remain very bullish. If HYPE can clear this range, new all-time highs should follow.

BTC/USD Key Levels and Price Action:

Bitcoin is currently fighting to hold above the key level of $109.5K, using the 21 EMA as support to stop any attempts by bears to drag it back under. With short-term momentum and structure still favouring the bulls, we should expect BTC to retest its all-time highs within the next week or so.

BTC Total ETF Flows for 3 Jul: $ + 377.3 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Fri, 04 Jul 2025 12:43:52 +1000<![CDATA[Bullish Engulfing Candles Ignite the Market]]>https://www.stormrake.com/blogs/post/bullish-engulfing-candles-ignite-the-market
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The risk-on flows we’ve been talking about — and patiently waiting for — have finally found their way back into the crypto space. Traditional indices had another bullish day and, for what feels like the first time in weeks, that risk appetite has spilled into digital assets too, with bullish engulfing candles appearing across nearly every major cryptocurrency.

Note: a bullish engulfing pattern is a green (bullish) candle that closes higher than the previous day’s opening price, effectively ‘engulfing’ the prior day’s red (bearish) candle. It’s a classic signal that momentum is shifting.
Bitcoins bullish engulfing candle…
An engulfing candle suggests the end of the current trend and the beginning of a reversal — in this case, a bullish engulfing candle implies the bearish trend has run its course and we could be at the start of a fresh bullish leg higher.

Bitcoin gained nearly 4% intraday, coming just shy of $110k at its high before closing back at $108.8k, still up 3% on the day. The total altcoin market rose around 4%, with most of the top 100 coins outperforming that figure. Ethereum gained nearly 7%, Hyperliquid 8%, Sui 8.5% and Sonic up 10%. However, two majors underwhelmed over the last 24 hours: Solana and Ripple were up just 3.72% and 2.84% respectively, underperforming the broader altcoin move and failing to print bullish engulfing candles like the rest of the market.

With flow finally back in the space and momentum clearly with the bulls, reclaiming the final structural level is what’s needed to push towards new all-time highs and set up the back half of the year. The key level remains $110.6k — a break and close above this would confirm the bullish structure and open the door for Bitcoin to retest its record highs.

Stormrake Spotlight: Hyperliquid (HYPE) ($40.34)

As mentioned, HYPE rallied 8% yesterday and printed a textbook bullish engulfing candle. Given that HYPE was already in a bullish structure and had strong momentum, this strengthens the bullish case even more. It’s now testing its resistance region once again — but with Bitcoin’s tailwinds and its own clear trend, the odds favour HYPE pushing through and setting fresh highs.

BTC/USD Key Levels and Price Action:

Bitcoin’s engulfing day has flipped momentum and structure firmly back to the bulls, sending BTC back to the key resistance level of $109.5k after bouncing off the monthly central pivot range (CPR) at $105k. A break above this resistance would likely see BTC reclaim its all-time high and confirm the longer-term bullish trend.

BTC Total ETF Flows for 2 Jul: $ + 407.8 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Fri, 04 Jul 2025 10:21:44 +1000<![CDATA[Big Beautiful Bill Passes Senate]]>https://www.stormrake.com/blogs/post/Big-Beautiful-Bill-Passes-Senate
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The Big Beautiful Bill (BBB) has just passed the Senate with a narrow vote of 51-50, with Vice President JD Vance casting the deciding vote. Despite controlling the Senate, the outcome was tense. Three Republicans joined the Democrats in voting against the bill, while several others, including Elon Musk, voiced their disapproval.

Musk and Trump are once again feuding, with Trump threatening to send DOGE (previously Musk’s own department) to investigate him following further criticism. The BBB will solidify Trump’s 2017 tax cuts and add a projected $5 trillion to the US debt ceiling. This has sparked significant criticism, as many believe it will disproportionately favour the wealthy while burdening low-income Americans.

Markets have taken a step back. Traditional indices have experienced a slight pullback but remain well within all-time-high territory. Bitcoin has lost another 1.35% over the past 24 hours, confirming the longer-term bullish structure with yet another lower high. Gold closed green for a second consecutive day, up over 1%. Bitcoin’s fear and greed sentiment remains in the “greed” zone, with a reading of 63, down just one point in the last 24 hours. This suggests investors are still bullish and waiting for the risk-on flow to re-enter the space. However, this patience continues to weigh on altcoins, with the altcoin market losing 2.61% over the past day. Ethereum is down over 3%, Solana has fallen more than 5%, and XRP is down 2.9%.

The upcoming 90-day pause deadline is fast approaching, set for July 9th. Trump is firm in his stance of not extending the pause, and doubts are growing about a deal with Japan. On tariffs, Federal Reserve Chair Jerome Powell remarked earlier today that the central bank would likely have already cut interest rates this year had it not been for the economic shock caused by Trump’s tariff policies. Assuming no further surprises, we can still expect two rate cuts in the second half of the year.

In the Middle East, further developments have emerged, with Trump confirming that Israel has agreed to the necessary conditions for a 60-day ceasefire in Gaza. He is now urging Hamas to agree to the terms.

Stormrake Spotlight: Hyperliquid (HYPE) ($37.10)

HYPE has lost nearly 7% over the past 24 hours and closed below the 21 EMA. The last two days have been frustrating for HYPE holders, with the coin briefly showing potential gains of 4% yesterday, only to drop nearly 11% from Monday’s highs. Despite this, the structure remains bullish, with momentum still favouring the bulls. As long as HYPE can maintain a new higher low above $35.33, it will strengthen the bullish structure and set up a potential retest of the upper resistance.

BTC/USD Key Levels and Price Action:

It’s safe to say Bitcoin has failed to meet the target set by the bull flag after the initial breakout. Bulls were unable to push BTC higher, and bears have reclaimed momentum and the structure in the short term. The longer-term outlook is even more concerning, as this short-term flip has confirmed another lower high after BTC failed to reach $110.5K. Key support remains at $104K, with the new monthly CPR (central pivot range - blue horizontal dotted lines) acting as immediate support at $105.3K.

BTC Total ETF Flows for 1 Jul: $ -342.2 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Wed, 02 Jul 2025 13:37:53 +1000<![CDATA[US Session Didn’t Bring the Risk Flows Bitcoin Needed]]>https://www.stormrake.com/blogs/post/US-Session-Didn-t-Bring-the-Risk-Flows-Bitcoin-Needed
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Crypto markets will have to wait a bit longer for risk-on flows as traditional indices show no signs of slowing down. We said the US session would confirm whether risk appetite had truly returned to crypto, and the session has made it clear: patience is still required. The S&P 500 pushed above 6,200 for the first time in its history after climbing another 0.52% overnight. The Nasdaq mirrored this strength, adding 0.64% and pushing further into price discovery. Even gold caught a bid, up 0.88%, while the DXY, the USD index measured against a basket of major currencies, continued its slide to multi-year lows, now sitting at its lowest level since February 2022.

Despite all this, Bitcoin closed red on the day, along with most altcoins. Bitcoin slipped 1.5% from yesterday’s high just shy of $109k. Interestingly, the altcoin market cap only fell by 0.3% even though most altcoins dropped more than 3%. The standouts were mainly within the top 10: Ethereum dipped just 0.4% while Solana, Ripple and BNB all closed green. Hyperliquid also outperformed Bitcoin and much of the altcoin space. Solana led the market following news that the first Solana Staking ETF in the US will begin trading this week.

Jerome Powell is set to speak tonight and we should expect more of the same: wait and see, with no rush to make policy moves. The White House confirmed that Trump directly called Powell, pressuring him to lower rates as he continues to push for 1% interest rates. Powell has not been fazed by Trump’s demands or rhetoric this year and is unlikely to shift now, with two rate cuts still expected for the second half of the year. If Powell surprises with a dovish tone (bullish) or a hawkish tilt (bearish), markets could react sharply. For example, if he signals more than the expected two cuts, risk-on markets should rally, but if he suggests just one cut, they could pull back.

Looking ahead to Trump’s ‘liberation day’ tariffs deadline on 9 July, Trump commented, “I don’t think I need to extend it, but could.” We have already seen a confirmed deal with China, a potential agreement with India, negotiations with Canada have been terminated, and the EU is ready to discuss terms. ECB President Lagarde will also speak tonight which should add clarity around Europe’s stance. It is shaping up to be more of a macro-heavy session but there is potential for spillover into crypto, although Powell’s recent speeches have been neutral enough to dampen immediate impact.

Stormrake Spotlight: Hyperliquid (HYPE) ($40.08)

What looked like a bullish day for HYPE — up nearly 4% intraday — ran into resistance between $40 and $42, the prior consolidation range, and closed negative. Still, it outperformed most altcoins but it was a disappointing close to what could have been another strong day. A new month means new CPR levels: immediate support sits between $38.4 and $39.1 and the first breakout target is now at $46. If HYPE can clear the prior consolidation range then $46 remains firmly on the cards which would mark a new all-time high.

BTC/USD Key Levels and Price Action:

It was a bearish day for Bitcoin with a daily bearish engulfing candle flipping short-term momentum back to the bears and a bearish cross on the 21 and 55 EMA. However, a strong bounce off the 200 EMA support around $106.7k helped limit further downside. BTC remains in a short term bullish structure and consolidation range but the bulls must take advantage of this opportunity. Another failed attempt to break above $110.5k will likely confirm a lower high and strengthen the longer-term bearish structure.

BTC Total ETF Flows for 30 Jun: (data not available at the time of writing)

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/

*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Tue, 01 Jul 2025 19:49:39 +1000<![CDATA[The End of the First Half of 2025]]>https://www.stormrake.com/blogs/post/The-End-of-the-First-Half-of-2025After a shaky start, Bitcoin shows signs of reclaiming momentum heading into H2.]]>
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It wasn’t quite the first half of the year many were expecting. Bitcoin opened on January 1 at $93.5k and now, six months later, trades around $108.4k. Whilst still up 15%, which in many metrics would be multi-year gains for other asset classes, it’s felt underwhelming to say the least considering the momentum 2024 left us with. Last year gave us everything: Bitcoin pushing beyond $100k, institutional adoption skyrocketing and, of course, Donald Trump’s election win. But as we all know, the first half of 2025 has been a rollercoaster, with tariff disputes dominating headlines and, more recently, the escalation of conflict in the Middle East. These geopolitical and macro factors have hindered Bitcoin from having the start many had hoped for, while Gold is up 25%, a clear sign of where sentiment has sat for the last six months.

However, over the past week or so, sentiment has shifted firmly back into risk-on mode. We’ve not only seen the ceasefire between Israel and Iran but also further clarity on tariffs as we approach the Liberation Day tariffs 90-day pause resumption. Gold is losing ground, down 5% in just ten trading days, while traditional indices are hitting new all-time highs. As we’ve been highlighting in our recent morning notes, although the broader market has leaned risk-on, Bitcoin was yet to make its move. Now patience is beginning to pay off. We’re finally seeing some risk-on flows enter the space. Bitcoin has broken out of its consolidation range and now looks set to fulfill the bull flag pattern we identified on Saturday. Altcoins have joined the move too, with total altcoin market cap up nearly 2% in the last 24 hours and some majors outperforming that.

Bitcoin dominance has fallen for the third consecutive day but there’s nothing yet to suggest a loss of structure or momentum. It remains extremely strong, with sentiment still firmly in greed territory at a reading of 66. With flows now looking like they’re beginning to re-enter the crypto space, the US trading session tonight will confirm whether risk-on appetite is really taking hold or if we’ll have to wait just a touch longer. Either way, the signs for Bitcoin are firmly positive and all-time highs could be just around the corner.

Stormrake Spotlight: Hyperliquid (HYPE) ($39.59)

A strong weekend for HYPE, up over 8%, but more importantly it has quickly formed a new bullish structure. After setting a higher low at the top of its deeper support zone, it has already traded above the previous lower high, confirming the breakout. Now attention turns to the recent consolidation level between $40 and $43, where HYPE broke down a few weeks ago.

BTC/USD Key Levels and Price Action:

Bitcoin is powering ahead with four consecutive hourly bullish candles and a move towards the key resistance at $109.5k and the bull flag target of $110k. Bulls have a firm grasp on momentum, bouncing strongly off the key 21 and 55 EMA levels. This momentum should see BTC retest resistance and fulfill the bull flag objective. Once these levels clear, only one thing remains: the all-time high.

BTC Total ETF Flows for 29 Jun: (data not available at the time of writing)

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/

*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

Create a brokerage account today

Get Started

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Mon, 30 Jun 2025 12:45:25 +1000