Stormrake - Insights #BTC ETFStormrake - Insights #BTC ETFhttps://www.stormrake.com/blogs/tag/btc-etfThu, 18 Jun 2026 23:02:05 +1000http://zoho.com/sites/<![CDATA[Rake Review: May 2026]]>https://www.stormrake.com/blogs/post/Why-the-Most-Critical-Shifts-Happen-in-SilenceHuman nature watches the noise, but true paradigm shifts occur in the quiet. May 2026 proved this. While casual observers focused on price compression, a massive structural re-alignment spanning a new Fed Chair, the CLARITY Act, and spot Hyperliquid ETFs quietly codified the next era of capital.]]>

Why the Most Critical Shifts Happen in Silence

Human nature watches the noise, but true paradigm shifts occur in the quiet. May 2026 proved this. While casual observers focused on price compression, a massive structural re-alignment spanning a new Fed Chair, the CLARITY Act, and spot Hyperliquid ETFs quietly codified the next era of capital.

The Accumulation Zone: Wealth is Built in the Quiet

Human nature is fundamentally wired to celebrate the spectacular. We gravitate toward the dramatic breakout candles, the explosive all-time highs, and the euphoric media coverage that accompanies a roaring bull market. It is easy to buy into a narrative when every headline confirms your bias and your portfolio greens by the hour.

But the grand illusion of the financial markets is that wealth is created during these loud, celebratory moments. It is not. Wealth is simply realised then. The actual building of generational positions occurs in the quiet, uncomfortable periods of structural transition, long before the rest of the world notices that the ground has shifted.

Think back to the opening months of the year. The market was characterised by deep fatigue, weak positioning was ruthlessly washed out, and a multi-month correction tested the absolute limits of investor discipline. The reactive capital stayed safely frozen on the sidelines, waiting for a definitive signal or a return to comfortable market conditions.

Yet, history consistently demonstrates that comfort and asymmetric opportunity cannot coexist. By the time a market looks entirely safe and certain, the discount has already evaporated.

Instead of looking for the single, exact bottom of the market, strategic investors view these periods as a Bottoming Zone to accumulate within. Consider the historical context of 2022. During that cycle low, Bitcoin traded between $15k and $25k for months. Similarly, Bitcoin has spent the last three months stuck in a consolidation range between $60k and $80k. Whilst the nominal range in 2022 may seem smaller, spanning just a $10k range, it was actually much larger percentage wise than the current setup, representing a 66% expansion from its floor. By contrast, the current $20k range is a much tighter 33% compression.

We are currently living through one of those rare, quiet structural shifts. The exhaustion of the bears is no longer just a technical theory; it is a visible reality on the charts. While the casual observer remains distracted by day to day noise, strategic capital has spent the last few weeks absorbing supply and positioning ahead of a changing global paradigm. True financial sovereignty requires the willingness to embrace near term uncertainty in exchange for long term upside. The windows of opportunity in this asset class close far quicker than most expect, and those who wait for a perfectly clear horizon will inevitably find themselves chasing momentum at significantly higher prices.

The Washington Consensus: Warsh Takes the Fed as CLARITY Clears the Senate

For years, the primary structural barrier to entry for institutional capital in the United States was a hostile, fragmented regulatory environment. Trillions of dollars in sidelined capital remained locked away simply because legacy allocators could not take on the legal risk of an undefined asset class. In May 2026, that regulatory gridlock officially broke.

The shift is being driven by a simultaneous political and monetary changing of the guard, starting with the leadership transition at the nation's central bank. The US Senate officially confirmed Kevin Warsh as the next Chairman of the Federal Reserve in a highly contentious 54-45 vote. Warsh steps into the role with a historically pro-innovation stance on digital assets, famously viewing Bitcoin as a direct challenge to fiat currency mismanagement in past public statements.

Whilst President Trump has been loudly calling for lower interest rates, and Warsh has publicly aligned himself with the administration by criticising Powell's past policy choices, a reality check is already playing out. Resurgent wholesale inflation has pinned the Fed into a corner. Consequently, the market is currently pricing in a 99% probability that the Fed maintains interest rates steady at the upcoming June meeting. Furthermore, the likelihood of a rate cut occurring at any point this year sits at just 31%, as Wall Street increasingly bets that rates will remain on hold until at least December. So, even though Warsh has flipped dovish recently to match White House rhetoric, it is highly unlikely we see any cuts during his first few months as Fed Chair.

However, for the digital asset space, the presence of a crypto friendly Fed Chair is a massive structural win, and the momentum on Capitol Hill did not stop there.

Coinciding with this monetary transition, the Digital Asset Market Clarity Act (CLARITY Act) successfully cleared the Senate Banking Committee in a historic 15-9 bipartisan vote. The significance of this milestone cannot be overstated. Having already passed the House of Representatives, the bill has moved one step closer to becoming law, establishing the first comprehensive federal framework for digital assets in US history.

The CLARITY Act provides the exact regulatory roadmap Wall Street has spent years demanding. It draws an unambiguous line between SEC and CFTC jurisdictions, introducing a "mature blockchain test" that allows tokens to safely transition from investment contracts into decentralised digital commodities overseen by the CFTC. Crucially, the framework goes beyond corporate structuring to provide explicit legal protections for self-custody wallets and non-custodial DeFi software developers, effectively protecting individual sovereignty from government overreach. When you pair a pro-innovation central bank leader with a statutory framework that eliminates legal risk, the message to global finance is clear: the infrastructure for the next era of capital is officially being codified.

Price Performance: Technical Compression and the Final Bear Stretch

May looked to build on what March and April had laid the foundation for, attempting to spark a bullish reversal and officially transition out of the multi-month bear market phase. The month certainly started well, with Bitcoin putting on 8% to reach its highest point since January at just shy of $83,000. Unfortunately, that upside momentum fell right into the bears' hands and actually strengthened their overall control as the month progressed.
The remainder of May was a difficult period for the market. Bitcoin went on to confirm a lower high to reinforce the prevailing bearish structure on the daily chart. Price action faced heavy overhead resistance at the 200 moving averages, completely rejecting the bulls' bet for a sustained breakout and sending Bitcoin back down into the confines of a prominent bear flag pattern. This technical structure remains the main danger zone for potential lower prices, particularly with a bearish moving average cross about to occur, signaling that the bears are locking in their near term momentum.

Looking forward, June has historically been a highly reliable and bullish month for Bitcoin. Over the last 15 years, June has delivered an average return of 7.54%, closing green in nine of those annual periods. If Bitcoin aligns with this historical average move next month, it would take price back up just shy of the vital resistance level at $80,000, a key psychological zone that now also has the descending 200 moving averages reinforcing it as a heavy supply ceiling.

With the bears firmly back in control and potentially lower prices on the cards for the opening weeks of June, the strategic Bottoming Zone mentioned earlier must remain at the absolute forefront of your mind when allocating capital. This period is highly likely to be the final stretch of the bear market. Once this structural accumulation phase inevitably ends, market prices will be significantly higher, and those investors who had the discipline to systematically build exposure within this zone will be thanking themselves for doing so.

In the News

Hyperliquid Spot ETF:

The structural shift towards 24/7 on-chain financial infrastructure achieved a massive institutional milestone in May 2026, with the official debut of the first spot Hyperliquid (HYPE) exchange-traded funds on US public markets. Led by the launch of the 21Shares Hyperliquid ETF (THYP) on 12 May and the Bitwise Hyperliquid ETF (BHYP) on 15 May, the category has completely blindsided traditional finance analysts by attracting over $95 million in cumulative net inflows within its first two weeks of trading. BHYP led the charge with a massive $19.04 million single-day purchase on 26 May, driving total collective assets under management across the U.S. listed HYPE ETFs to roughly $117 million. Highlighting this rapid institutional shift, daily momentum reached such a fever pitch that the HYPE ETF officially overtook the entire US spot Ethereum ETF market in 24 hour net inflows recently. A major catalyst for HYPEs dominant price performance in May.

Abolishing the Discount: The 2026 Australian Budget:

The Albanese government handed down the new Federal Budget, introducing major tax changes that directly impact local investors. Most notably, the long standing 50% Capital Gains Tax (CGT) discount will be completely abolished on 1 July 2027 for assets held longer than 12 months. It will be replaced by a basic indexation method tied to inflation, alongside a strict 30% minimum tax rate on net capital gains. Because Bitcoin and digital assets historically grow at rates far outpacing inflation, this change means a significantly higher tax bill for Aussie crypto investors compared to the old flat discount.

Presidential Influence Triggers Historic Corporate Stock Rallies

A fascinating trend in May 2026 was the sheer power of political rhetoric over stock prices, proving that verbal endorsements can completely override standard analysis. On 22 May, President Trump publicly praised Micron Technology at a rally; on the 27th of May, the stock jumped 20%. Even more impressive was Dell Technologies, which Trump told consumers to go out and buy on 8 May. Dell was subsequently awarded a massive US government contract on 27 May and reported stellar corporate earnings on 28 May, sending the stock up another 30% in late trading. In total, Dell has surged 80% since that single comment on 8 May, giving digital asset allocators a clear lesson that tracking regulatory and political alignment is often far more critical than simply staring at technical chart patterns alone.

Market Update

Top 10 cryptocurrencies by market cap
Here is the fast five of what you need to know about the market in May 2026:
    1. Bitcoin lost 3.57% in May.
    2. Ethereum fell by 11.2% in May.
    3. Hyperliquid has climbed by over 80% in May and replaces DOGE in the Top 10.
    4. PAXG lost 1.90% in May.
    5. The total crypto market cap fell by 2.2%.

    Video of the month

    Australia Rewards Asset Owners - Everyone Else Falls Behind
    Mark Di Paola and Bisher Khudeira

    Education: Understanding Digital Asset Spot ETFs

    What Is An Institutional ETF?

    For everyday investors navigating the digital asset space, understanding the mechanics of institutional capital is vital to reading the broader market trend. At its core, a spot Exchange Traded Fund (ETF) is a traditional financial vehicle designed to give legacy allocators a familiar channel to gain exposure to digital assets directly through their existing stockbroker accounts. It acts as a bridge between the legacy financial system and the on-chain economy, removing the technical hurdles of managing cryptographic keys and self custody for large institutions that are bound by strict corporate mandates.

    Do They Actually Buy The Asset?

    A common question among market participants is whether these funds actually buy the underlying asset. The answer is yes, on a strict one to one basis. When capital flows into a spot ETF, the fund manager is legally obligated to buy the physical asset directly from spot desks to back the newly issued shares. Conversely, when outflows occur, the manager must sell the asset on the open market to meet redemptions.

    How Can This Be Used As A Price Indicator?

    Because of this direct physical relationship, ETF flow data functions as a highly reliable indicator for price performance. Institutional desks and large fund managers command massive blocks of liquidity and often deploy capital well ahead of retail cycles. When we observe heavy, consecutive daily inflows accompanied by a price rally, it confirms that structural, smart money demand is actively driving the move. Conversely, sustained net outflows typically explain a softer, distribution phase on the charts where selling pressure is dominant.

    Why Spot Ownership Beats An ETF Product

    However, from an educational perspective, it is critical to distinguish between buying an ETF product and owning physical spot crypto. When you invest in an ETF, you do not own the asset itself. Instead, you hold a financial product that tracks the price, effectively leaving you with an ongoing counterparty contract or paper representation of the asset. This structural asset proxy comes with ongoing management fees, and it confines your liquidity strictly to traditional stock market hours.

    True monetary freedom and the real value of an asset like Bitcoin can only be accessed through direct physical ownership. With spot ownership, you hold the actual asset in your own custody, completely free from ongoing management fees and institutional counterparty risk. You gain full price exposure alongside the total permissionless portability that defines the digital asset revolution, ensuring you hold a sovereign wealth asset rather than a traditional financial product
    Written by Alexandar Artis

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    If you enjoyed this Rake Review, feel free to open an account and gain access to more proprietary research and work with your very own dedicated crypto broker.

    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 © 2026 Stormrake Pty Ltd, All rights reserved
    ]]>    Mon, 01 Jun 2026 16:09:53 +1000    <![CDATA[Bitcoin Rallies Ahead of Landmark Crypto Summit]]>https://www.stormrake.com/blogs/post/Bitcoin-Rallies-Ahead-of-Landmark-Crypto-SummitBitcoin has reclaimed $90K as the highly anticipated Crypto Summit approaches in less than 48 hours.]]>
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    Bitcoin has had a bullish 24 hours as anticipation builds for the upcoming crypto summit. Hosted at the White House, this event will bring together some of the most prominent and influential figures in the crypto space.

    Notable Attendees and Their Involvement in Crypto:

    • Donald Trump (US President)
    • David Sacks (‘Crypto Czar’)
    • Michael Saylor (MicroStrategy CEO)
    • Paolo Ardoino (Tether CEO)
    • Brad Garlinghouse (Ripple CEO)
    • Cathie Wood (Ark Invest CEO)
    • Anatoly Yakovenko (Solana Founder)
    • Vitalik Buterin (Ethereum Founder)
    • Nat Eliason (Ondo Finance)
    • Marc Andreessen (a16z Founder)
    • Brian Armstrong (Coinbase Founder)
    • Changpeng Zhao (Binance Founder)

    This could be one of the biggest events and catalysts the crypto market has ever seen. Speculation is already mounting about potential major announcements, with some expecting:

    • The introduction of a Strategic Crypto Reserve
    • 0% capital gains tax on US-based cryptocurrencies
    • Regulatory clarity and pro-crypto policies

    Which Cryptos Stand to Benefit?

    The graphic above is crucial—it highlights the cryptocurrencies set to benefit the most from the new pro-US crypto policies. This includes:

    1. Cryptocurrencies developed in the US (potential candidates for 0% capital gains tax)
    2. ETF applicants
    3. Projects invited to the White House
    4. Coins directly mentioned by Trump

    The more a cryptocurrency overlaps with these categories, the greater its potential advantage. These coins should be on everyone’s radar.

    A Potentially Risky Event

    However, this summit also carries significant risk. In the past, bullish expectations around speeches from Trump and Sacks have led to sell-offs when key announcements (such as the Strategic Crypto Reserve) failed to materialise.

    If the reserve is not confirmed, we could see another wave of disappointment-driven selling. But if it is confirmed, Bitcoin could rally past $100k and set the stage for new all-time highs.

    Key Event Details

    • Start time: 4:30 AM AEST, March 8
    • Expected end time: 8:30 AM AEST

    This Trump-driven volatility isn’t going anywhere, and sharp corrections should be expected throughout the year. As I’ve said countless times, these dips are golden buying opportunities. Time and time again, I’ve been proven right—and those who followed my advice have reaped massive gains.

    Stormrake Spotlight: Sonic (S) ($0.59)

    Sonic (S) has followed the broader market rally, rising nearly 6% in the past 24 hours. More importantly, S bounced from the bottom of the accumulation zone, confirming buying strength and demand at this level.

    As long as Bitcoin remains bullish, this accumulation zone should continue holding strong.

    BTC/USD Key Levels and Price Action:

    Bitcoin remains in bullish momentum and is on track to form a new higher high at $95.7k, a key level that will determine whether BTC continues its rally. A breakout above this level would strengthen the bullish case, solidifying the trend and increasing the likelihood of BTC reaching new all-time highs.

    On the downside, BTC holds strong support at $89.9k, which is expected to provide a solid foundation for price action. If Bitcoin fails to break $95.7k, it could enter a neutral structure, leading to a period of consolidation before the next major move.

    BTC Total ETF Flows for 5 Mar: $ (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.)

    ETH/USD Key Levels and Price Action:

    Ethereum’s market structure remains weaker than Bitcoin’s, but momentum has shifted back in favour of the bulls. Overnight, ETH reclaimed $2,171, a critical level that signals renewed buying interest. This recovery is a promising start, but ETH still faces major hurdles.

    The next key level to watch is $2,556, but Ethereum has a long way to go before reaching it. The 200MAs and a CPR level stand in its way, acting as significant resistance. For ETH to break through these levels, Bitcoin will need to break and hold above $100k, bringing broader market confidence.

    ETH Total ETF Flows for 5 Mar: $ (data not available at the time of writing)

    (ETF flow data is sourced from https://farside.co.uk/eth/ 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
    ]]>    Thu, 06 Mar 2025 11:47:42 +1100    <![CDATA[Tariffs Over Already? Market Confusion as Rollback Talks Emerge]]>https://www.stormrake.com/blogs/post/tariffs-over-already-market-confusion-as-rollback-talks-emerge
    To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/
    The past month of market movement has been dominated by tariff drama, and this volatility has carried into March. With Canadian and Mexican tariffs going live yesterday, markets continued to fall. Bitcoin dropped back to $81.5k, down from $95k the day before, while traditional markets like the S&P 500 also struggled, losing 1.25% in the last day and down 6% from its all-time high set just two weeks ago on 20th February.

    These tariffs continue to weigh on risk-on assets, but safe havens such as the US 10-Year Bond (US10) and gold have seen gains. US10 has climbed over 6% since 12th February, while gold has continued its rally, setting a new all-time high against the AUD overnight.

    Political Shifts: Ukraine, Tariffs, and Market Confusion

    In the last 24 hours, several major political developments have unfolded. Trump has halted all US military aid to Ukraine—potentially as leverage to secure a minerals deal. If that was his intention, it worked. This morning, the US and Ukraine agreed to sign a minerals deal, marking a potential step toward resolving the conflict.

    Meanwhile, just a day after imposing tariffs, the US Secretary of Commerce announced that Trump may roll back tariffs on Canada and Mexico tomorrow. If true, this adds further uncertainty around Trump’s tariff strategy. A rollback could trigger a rally in risk-on assets—but caution is warranted. We’ve seen Trump pause tariffs before, only to reimpose them, sending markets tumbling again.

    This Trump-driven volatility isn’t going anywhere, and sharp corrections should be expected throughout the year. As I’ve said countless times, these dips are golden buying opportunities. Time and time again, I’ve been proven right—and those who followed my advice have reaped massive gains.

    Stormrake Spotlight: Sonic (S) ($0.56)

    Sonic traded as low as $0.49 yesterday before finding support. The $0.51 level has played a key role in helping Sonic reclaim its accumulation zone at the daily close.

    Despite weak price action over the past two weeks, Sonic has continued to perform exceptionally well on-chain. Broader market uncertainty and bearish sentiment have weighed on price, but when sentiment turns, Sonic’s strong on-chain fundamentals will likely drive price appreciation once again.

    S is one of those coins that thrives in bullish conditions but struggles in bearish environments. When the market flips positive, expect Sonic to outperform.
    Like many other altcoins, Sonic has fallen to lower prices on this correction than it was prior to the lows set a few days ago. S has now returned to a bullish order block, which should provide some demand and buying support. This is a key level to consider for dollar-cost averaging into Sonic positions.

    BTC/USD Key Levels and Price Action:

    Bitcoin bounced perfectly from the key $81.6k level overnight, reaching a high of $89k just a few hours ago. However, $89k remains a major resistance level, as it aligns with both the 200EMA and a crucial CPR level. This resistance rejected BTC, and it now looks set to fall back below all moving averages, likely retesting $85.2k.

    BTC Total ETF Flows for 4 Mar: $ -32.1 million

    (ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)

    ETH/USD Key Levels and Price Action:

    Ethereum has bounced off $2,019 for the second time in two days, forming a double-bottom pattern and pushing higher. ETH is now trading at the key resistance level of $2,171, but has failed to break above it. It has spent the last six hours attempting a breakout, only to be rejected each time.

    ETH Total ETF Flows for 4 Mar: $ +19.2 million

    (ETF flow data is sourced from https://farside.co.uk/eth/ 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
    ]]>    Wed, 05 Mar 2025 13:43:31 +1100    <![CDATA[And Just Like That… The Momentum Is Gone]]>https://www.stormrake.com/blogs/post/and-just-like-that-the-momentum-is-gone
    To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/
    The massive rally following Donald Trump’s recent comments has evaporated just as quickly as it surged. It wasn’t just crypto that pulled back overnight—traditional markets also fell as further confirmation came that tariffs on Canada and Mexico will go into effect tomorrow, with China facing an additional 10% tariff increase, bringing its total to 20%. Trump confirmed these details in his speech this morning.

    Before the speech, breaking news suggested he would be making an “investment announcement.” Given this came less than 24 hours after his posts regarding the Crypto Strategic Reserve, expectations were high that the announcement would revolve around cryptocurrency.

    There was indeed an investment announcement, but not a single mention of crypto. As a result, the market has given back all of its Trump-driven gains. While Bitcoin remains around $86K—roughly where it was before Trump’s posts—many altcoins have dropped to levels lower than they were two days ago, with Ethereum seeing a sharp decline.

    This drastic drop from yesterday’s high is anything but bullish. It has confirmed another lower high on the daily timeframe, reinforcing the medium-term bearish structure. Bitcoin’s vulnerability is evident, with the Fear and Greed Index plunging back to extreme fear at 15. This highlights a key trend: if bullish expectations aren’t met, the market falls. There doesn’t need to be explicitly bearish news—the mere absence of bullish reaffirmations is enough to send investors back into panic mode.

    All hope is not lost, though. The upcoming Crypto Summit in a few days could provide much-needed clarity on the Crypto Strategic Reserve. However, if no confirmation emerges, things could get ugly…

    This Trump-driven volatility isn’t going anywhere, and we should expect more sharp corrections throughout the year. As I’ve said countless times before, these dips are golden buying opportunities. Time and time again, I’ve been proven right—and those who followed my advice have reaped massive gains.

    Stormrake Spotlight: Sonic (S) ($0.59)

    Like many other altcoins, Sonic has fallen to lower prices on this correction than it was prior to the lows set a few days ago. S has now returned to a bullish order block, which should provide some demand and buying support. This is a key level to consider for dollar-cost averaging into Sonic positions.

    BTC/USD Key Levels and Price Action:

    Bitcoin has given back all its gains and has returned to the $85.2K level after a brief rally two days ago. This sharp drop overnight has erased bullish momentum, putting BTC at risk of losing its bullish structure if this level fails to hold. So far, support has held over the last few hours, but if it breaks, we are likely to retest the lower key support at $81.6K.

    BTC Total ETF Flows for 3 Mar: $ -54.4 million

    (ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)

    ETH/USD Key Levels and Price Action:

    After getting rejected at key resistance yesterday, ETH has fallen back below the bottom of the range and the key level of $2,171, flipping momentum and structure back to the bears. If the market continues to decline, ETH is likely to retest $2,000.

    ETH Total ETF Flows for 3 Mar: $ +4 million

    (ETF flow data is sourced from https://farside.co.uk/eth/ 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
    ]]>    Tue, 04 Mar 2025 16:01:58 +1100    <![CDATA[We're so back... (part 734)]]>https://www.stormrake.com/blogs/post/we-re-so-back...-part-734Trump’s crypto volatility: Strategic Reserve posts and the upcoming Crypto Summit send Bitcoin to $95K.]]>
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    After spending all of February terrorising the crypto market with his tariff and trade wars—driving fear levels to their lowest since 2022 and sending Bitcoin below $80K—Donald Trump has now flipped the script. Not only has he announced a Crypto Summit at the White House on March 7, but more importantly, he has made two major posts on Truth Social revealing plans for a Crypto Strategic Reserve.
    His first post stated that the reserve "includes XRP, SOL, and ADA," which instantly ignited rallies of 22% for SOL, 32% for XRP, and 60% for ADA. This bullish momentum spilled over into the wider market, pushing prices higher. Trump then followed up with another post, reassuring investors that other assets would also be included: "And, obviously, BTC and ETH, as other value cryptocurrencies, will be at the heart of the reserve." This sent Bitcoin and the rest of the market soaring.

    Bitcoin Back Above $94K – Are We Back?

    Bitcoin is now trading above $94K, having hit a high of $95K this morning—up 9% on the day. The broader crypto market added a staggering $330 billion in market cap within four hours of Trump’s first post.

    Just two days ago, Bitcoin was in extreme fear territory, dipping below $80K for the first time in nearly five months. Now, it has surged 20% and seems to be making a strong comeback. Are we back? We very well could be…

    The upcoming Crypto Summit at the White House is another key bullish catalyst. Its announcement alone sparked Bitcoin’s initial recovery to $85K, before Trump’s recent posts accelerated the rally. David Sacks is set to host, which has further fuelled buying interest.

    The key question is: will the summit bring much-needed clarity on the Strategic Reserve? If so, Bitcoin could see another major rally, potentially pushing back above $100K. However, could this also be another "buy the hype, sell the news" event? Investors have been burned before—several previous summits failed to deliver on the Strategic Reserve, leaving the market disappointed. This time, anticipation is at its peak, and the outcome will likely determine the market’s next move.

    Trump’s Market Influence – Volatility Here to Stay

    It’s clear that the entire crypto market now revolves around one man. Trump’s impact on crypto has been unmatched over the last five months:

    • His election victory sent Bitcoin from $66K to $109K.
    • His TRUMP memecoin launch created a top 15 project in just 48 hours.
    • His tariffs and trade war rhetoric plunged the market back into extreme fear.
    • And now, his Strategic Reserve announcement has flipped sentiment bullish again.

    This Trump-driven volatility is here to stay, and we should expect more sharp corrections throughout the year. As I’ve said countless times before, these dips are golden buying opportunities. Time and time again, I’ve been proven right—and those who followed my advice have reaped massive gains.

    Stormrake Spotlight: Sonic (S) ($0.74)

    As mentioned on Saturday, despite five consecutive red candles, I remained bullish as Sonic bounced off the 21EMA and held the bullish order block. My bullishness was spot on—we have already rebounded 10% from this level and look set to continue higher.

    This recent low strengthens the bullish structure, forming a higher low—and now, we look for a higher high above $1.

    BTC/USD Key Levels and Price Action:

    Overnight, Bitcoin exploded 9% following Trump’s Strategic Reserve posts, breaking through key resistance levels and moving averages with ease. The next area of interest is $95.7K, a major level that previously acted as strong support during Bitcoin’s consolidation phase last month. If bulls can reclaim this level, Bitcoin could be set for another leg higher.

    On the downside, $92.5K is the key support level to watch. If Bitcoin pulls back, this area will need to hold to maintain the short-term bullish structure. A breakdown below it could open the door for a deeper retracement, but for now, momentum remains firmly in favour of the bulls.

    BTC Total ETF Flows for 2 Mar: $ (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.)

    ETH/USD Key Levels and Price Action:

    Ethereum followed Bitcoin’s lead, surging from the bottom of its range all the way to the top, where it met resistance at $2,556. After decisively breaking through its moving averages, ETH has now flipped them into support—a bullish sign for further continuation.

    On this current pullback, we can expect ETH to test the 200EMA and 21EMA, which should provide strong support around $2,400. As long as this level holds, the uptrend remains intact, and a push beyond $2,556 could see Ethereum target higher levels.

    ETH Total ETF Flows for 2 Mar: $ (data not available at the time of writing)

    (ETF flow data is sourced from https://farside.co.uk/eth/ 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
    ]]>    Mon, 03 Mar 2025 14:25:13 +1100    <![CDATA[Bitcoin Hits Lowest Price Since November – Is the Bottom In?]]>https://www.stormrake.com/blogs/post/bitcoin-hits-lowest-price-since-november-–-is-the-bottom-in
    To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/
    Bitcoin has had another volatile 24 hours but is starting to show signs of bullish life. The price briefly broke below $80K for the first time since mid-November, hitting a low of $78.2K—down almost 8% on the day. However, we’re waking up to Bitcoin at $84.4K, down just 0.41% on the day. A remarkable bounce during the US trading session saw altcoins also make stellar recoveries, with some even closing positive despite being down over 8% intraday.

    Have We Seen the Bottom?

    Bitcoin’s 7.5% bounce from its intraday low suggests that bulls are beginning to step in. If this marks the bottom of the correction, the long-term bullish structure remains intact. However, it’s best to wait and see how the next few days unfold. With next week being relatively free of major catalysts, the crypto market should be able to move naturally, without external pressures.

    Solana's Impressive Rebound

    Solana has certainly impressed. After being down nearly 9% at one point, it’s now up almost 7% on the day—a staggering 17% turnaround from its intraday low. Quite the reversal, especially considering the immense selling pressure Solana has faced over the past month due to the closure of the memecoin casino and the upcoming Solana unlock.

    So, why has SOL recovered so strongly?

    Back in January, we discussed the potential launch of new cryptocurrency products on CME futures—specifically XRP and SOL. A leak suggested they would launch on 10th February, though that date came and went without an official announcement. However, we’ve now received confirmation that CME Group is set to introduce Solana (SOL) futures, pending review, with trading expected to begin on 17th March. This makes SOL only the third cryptocurrency to receive a futures product from CME Group.

    Political Tensions and Market Reactions

    The ongoing political uncertainty has taken another dramatic turn. President Trump, Vice President Vance, and Ukrainian President Zelensky met in the Oval Office, and the discussions were far from friendly. A live televised exchange gave the public a rare look into what these high-stakes conversations are like behind closed doors.

    Tensions peaked as Trump and Vance clashed with Zelensky over the Ukraine conflict, culminating in Zelensky being ‘kicked out’ of the White House. One might expect such an event to dampen hopes of a resolution in Eastern Europe, but traditional markets reacted positively—the S&P 500 closed up 1.6% on the day.

    Stormrake Spotlight: Sonic (S) ($0.68)

    Now, this is a chart that makes me happy. You may see five consecutive red daily candles, but I see buying strength. Sonic (S) has already bounced over 10% from its intraday low.

    The bullish order block highlighted a few days ago was tagged at the wick low and immediately bought up with strength, while the 21EMA held firm for the daily close. This demand is extremely positive for S and is likely to continue as long as Bitcoin maintains a bid.

    BTC/USD Key Levels and Price Action:

    Bitcoin’s V-shaped recovery has provided hope for bulls, with price reclaiming the key level of $81.6K and moving back above both the 21EMA and 55EMA.

    However, BTC is now struggling at a critical resistance of $85.2K. If it fails to break this level, it will confirm a lower high, reinforcing the bearish structure and momentum.

    BTC Total ETF Flows for 28 Feb: $ (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.)

    ETH/USD Key Levels and Price Action:

    Ethereum has also attempted somewhat of a V-shaped recovery, mirroring Bitcoin’s move. ETH has reclaimed the key level of $2,171 and the 21EMA, but it has yet to test the 55EMA, which will likely act as a strong resistance.

    If ETH fails to break above the 55EMA, it will strengthen the bearish structure and momentum—just like Bitcoin.

    ETH Total ETF Flows for 28 Feb: $ (data not available at the time of writing)

    (ETF flow data is sourced from https://farside.co.uk/eth/ 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

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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, 03 Mar 2025 14:08:16 +1100    <![CDATA[Mexico & Canada Tariffs Set to Go Live—Markets React Bearishly]]>https://www.stormrake.com/blogs/post/mexico-canada-tariffs-set-to-go-live—markets-react-bearishly1With new tariffs set to go live in a few days, market uncertainty remains high.]]>
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    Trump continues to stand on business, and markets aren’t reacting well. The confirmation of tariffs going live—plus an additional 10% tariff on China—has only made things worse. With Canadian and Mexican tariffs set to go live on 4th March and China now facing a total 20% tariff.

    And it’s not just Wall Street feeling the heat—US consumers are losing confidence fast. The latest data shows Consumer Confidence dropped 7 points in February, the biggest single-month decline since August 2021. That puts it at 98.3, dangerously close to its lowest level since 2022. On top of that, 67% of consumers now expect a recession within the next year—a 9-month high. The message is clear: people aren’t feeling great about the economy, and the uncertainty isn’t helping

    All markets felt the effects of the overnight tariff confirmations, with Bitcoin dropping to a low of $82.6K before bouncing back. Meanwhile, the S&P 500 fell 1.59%, Gold slid 1.34%, and the VIX (volatility index) surged 10%, marking its 7th straight green day. Fear is rising across the board, with Bitcoin’s Fear & Greed Index sitting at 16—in extreme fear territory.

    Bitcoin ETFs have now seen six consecutive days of outflows, totalling $2.1 billion, with a record-breaking $1 billion withdrawn in a single day on 25th February—the largest single-day outflow on record. This reflects the uncertainty within the market, as the lack of ‘stability’ is pushing retail investors to cash out and rotate into ‘safer’ assets like gold.

    SEC Drops Lawsuit Against Coinbase & Memecoins Get a Free Pass

    The SEC has dropped its lawsuit against Coinbase, signalling a major shift in regulatory tone—a development that could be bullish for the industry. That’s not all—memecoins also dodged a bullet, as the SEC ruled they aren’t securities, stating that 'Meme coins typically have limited or no use or functionality.' While this decision aligns with previous regulatory stances, it still marks a significant moment for the crypto space.

    While that might sound like a backhanded compliment, it’s actually a big deal. If memecoins aren’t securities, it sets a precedent that could benefit the broader altcoin market.

    Stormrake Spotlight: Sonic (S) ($0.69)

    Sonic has now closed its fourth consecutive red candle and is approaching the 21EMA, which has provided support multiple times already—first at $0.50 and more recently over the past few days. Each time, S has wicked down to this level before bouncing, showing that buyers are stepping in.

    This should provide a strong support zone, making it a potential buy-the-dip opportunity. If Bitcoin holds its ground and doesn’t drop further, Sonic could find a base at this moving average, bounce, and maintain its bullish structure.

    BTC/USD Key Levels and Price Action:

    Bitcoin continues to struggle for momentum, with any bullish attempt quickly met with strong selling pressure—largely due to uncertainty surrounding tariffs. BTC briefly reclaimed the 21EMA overnight but failed to hold, falling back below it.

    There is some bullish hopium, though—last night’s low created the first higher low. If BTC can break above both the 21EMA and 55EMA and push past $87.1K, the bullish structure will shift back in favour of the bulls.

    BTC Total ETF Flows for 27 Feb: $ -20.0 million

    (ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)

    ETH/USD Key Levels and Price Action:

    Ethereum continues to struggle after failing to break above the CPR level, forming lower highs and lower lows—not what any ETH holder wants to see. The 21EMA remains a major resistance and will continue to be a challenge until ETH can break above it.

    For now, ETH seems likely to continue falling toward key support at $2,171 unless a significant reversal takes place.

    ETH Total ETF Flows for 27 Feb: $ -19.6 million

    (ETF flow data is sourced from https://farside.co.uk/eth/ 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
    ]]>    Fri, 28 Feb 2025 12:45:26 +1100    <![CDATA[More Tariffs, More Pain: Bitcoin Slides Lower]]>https://www.stormrake.com/blogs/post/more-tariffs-more-pain-bitcoin-slides-lowerTrump announces EU tariffs, triggering market panic and a sell-off.]]>
    To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/
    We started the month with trade wars brewing between the United States and Canada, Mexico, and China. Now, as February comes to a close, Trump has extended tariffs to Europe, announcing 25% tariffs on the region.

    Just as we saw at the beginning of the month, markets reacted sharply. Within the first hour, the S&P 500 fell 0.78%, wiping over $500 billion in market cap, while the Nasdaq dropped 0.94% and Bitcoin over 3%. Bitcoin officially closed the day down 5%, hitting an intraday low of $82,250—its lowest price since 11 November. That marks four consecutive red days, hardly the way most envisioned closing out February.

    New Tariffs by the United States:

    • 25% tariffs on Canada
    • 25% tariffs on Mexico
    • 25% tariffs on the EU
    • 10% tariffs on China
    • (Potential) 100% tariffs on BRICS

    These tariffs have now caused US inflation expectations to nearly double, rising from ~2.7% to ~4.3% this year. The anticipated rate cuts in 2025 may not materialise if inflation continues climbing, which is not a great sign for risk-on assets.

    Trump’s victory gave markets a pump, and now his tariffs are delivering the dump—or are they buying opportunities? The answer is both. The market is correcting due to the tariffs, but in doing so, it's presenting strong discounts across the board. From Bitcoin to altcoins, these pullbacks could yield significant gains for those who buy while the market is in extreme fear.

    As Warren Buffett famously said, “Be greedy when others are fearful.” Right now, fear is at extreme levels, with the Fear & Greed Index at 10—its lowest reading since July 2022, when the Luna collapse sent Bitcoin below $20k. The key difference? Back then, Bitcoin was under $20k, and today it’s still above $80k—a strong sign of Bitcoin’s resilience and current strength.

    Stormrake Spotlight: Sonic (S) ($0.72)

    Despite closing red yesterday, Sonic (S) outperformed Bitcoin over the past 24 hours, declining at a slower rate. While S has now seen four consecutive red days, its bullish structure remains intact.

    As long as S holds above the bottom of the highlighted bullish order block (OB), its bullish trend remains valid. Even if S retests this OB, strong buying demand within that zone should trigger a bounce.

    Moreover, on-chain metrics for Sonic continue to outperform nearly every other blockchain, further strengthening its bullish case.

    BTC/USD Key Levels and Price Action:

    Bitcoin is extremely bearish on lower timeframes, with little support between current prices and the high $70k region. The lack of support is due to BTC’s rapid ascent in November, following Trump’s election victory.

    For Bitcoin to reduce the risk of breaking its long-term bullish structure, it must hold key support levels. The first sign of recovery would be reclaiming $85.2k, which would revive bullish sentiment.

    BTC Total ETF Flows for 26 Feb: $ -162.5 million

    (ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)

    ETH/USD Key Levels and Price Action:

    Ethereum’s attempt to reclaim the CPR level failed, as it was rejected at the confluence of that level and the 21EMA. Now trading lower, ETH looks set to retest key support at $2,171.

    With bears in full control, ETH’s momentum and structure remain bearish. To regain bullish footing, BTC must first recover, as Ethereum’s movements remain closely tied to Bitcoin’s direction.

    ETH Total ETF Flows for 26 Feb: $ -6.1 million

    (ETF flow data is sourced from https://farside.co.uk/eth/ 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
    ]]>    Fri, 28 Feb 2025 12:35:59 +1100    <![CDATA[Is It Over?]]>https://www.stormrake.com/blogs/post/is-it-over
    To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/
    We’ve just seen the first Bitcoin daily close below $90K since mid-November. It must be over, right? We’ve broken below the wide consolidation range of $90K–$110K, altcoins were bleeding, Ethereum hit a low of $2,300, Solana dropped to $131, and the majority of altcoins tumbled, with some down more than 10% at intraday lows.

    But these massive dips were opportunities. Those who stayed active and had the conviction to buy the dip and dollar-cost average are already beginning to reap the rewards.

    This morning, the story was entirely different. Turn to the bubbles below, and you’ll see a sea of green.
    Is this what “it’s over” looks like? With the majority of altcoins closing the day positive? If that’s the case, I’ll happily take it.

    Keep in mind that bull market corrections happen. Bitcoin is currently down 20% from its all-time high in January, and altcoins have retraced even more. Yes, things look bearish, but no, it’s not over. “When in doubt, zoom out.” The short to medium term is bearish after breaking below a multi month consolidation range, but in the longer term, Bitcoin remains extremely bullish. From a technical standpoint, Bitcoin would still maintain its bullish structure even if it dropped to $76K and found a low there. While that wouldn’t be ideal, it wouldn’t break the market’s broader uptrend either.

    These corrections should be seen as golden opportunities to accumulate more Bitcoin and dollar-cost average into your favourite altcoins.

    Stormrake Spotlight: Sonic (S) ($0.74)

    Sonic was one of the few altcoins that fell over the past 24 hours, losing 5.50% on the day and hitting an intraday low of $0.67. Now bouncing back to $0.74, Sonic has been one of the leading blockchains since its migration, and price action is finally reflecting that. With strong developer and investor interest, Sonic remains extremely undervalued and could be a solid pickup at these lower prices for those willing to take on some risk.

    BTC/USD Key Levels and Price Action:

    Bitcoin has dropped below several key levels over the last 24 hours and is likely to trade down to $85.2K. The 21 EMA has acted—and will continue to act—as resistance to any BTC bounces. The structure and momentum remain bearish, and the first sign of bulls regaining control would be BTC reclaiming $90K.

    BTC Total ETF Flows for 25 Feb: $ -341.6 million

    (ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)

    ETH/USD Key Levels and Price Action:

    Ethereum is also in a bearish structure with bearish momentum, though surprisingly, it has outperformed BTC over the last 24 hours. ETH is currently attempting to break the key level of $2,556 and the CPR level. It’s also trying to flip momentum back to the bulls, having just reclaimed the 21 EMA.

    If ETH fails to break back above this level, we may see a retrace down to yesterday’s intraday low of $2,300.

    ETH Total ETF Flows for 25 Feb: $ -37.6 million

    (ETF flow data is sourced from https://farside.co.uk/eth/ 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
    ]]>    Fri, 28 Feb 2025 12:24:56 +1100    <![CDATA[Crypto Hit Hard: Binance Sells ETH, Trump’s Tariffs Shake Markets]]>https://www.stormrake.com/blogs/post/crypto-hit-hard-binance-sells-eth-trump-s-tariffs-shake-markets
    To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/
    Just after reports emerged that Bybit had fully replenished its Ethereum balance—totalling over $1.4 billion worth of ETH—Binance began selling off its Ethereum holdings. This triggered the initial sell-off yesterday, but by this morning, things had worsened.

    As the American market woke up, selling momentum continued. Not only did Bitcoin and the broader crypto market decline, but traditional markets also took a hit—the S&P 500 and Nasdaq dropped 0.35% and 1.07%, respectively, within the first hour of trading. The market, already in a fragile state, did not need another shock. But then came the next blow: Trump reaffirmed that 25% tariffs on Canada and Mexico would go ahead.

    This news broke at 7:33 AM AEST, when Bitcoin was trading at $94.5K. Within the next two hours, Bitcoin had fallen to a key support level of $92.5K, marking a 4% daily decline, with most altcoins down over 10-15%.

    Sentiment is low, but technically, Bitcoin is still holding up. The best play right now? Accumulate Bitcoin and pick up undervalued altcoins that have been performing impressively despite the recent consolidation and bearish momentum.

    Stormrake Spotlight: Sonic (S) ($0.81)

    Long-time readers of the Morning Note will remember that Fantom was a Stormrake Spotlight favourite—for good reason. Despite weak price action in the month or two following the migration, Sonic was delivering exceptional on-chain performance. While many were bearish on S, we remained bullish, recognising that its impressive metrics would eventually be reflected in price action. Over the past few weeks, that has finally played out—Sonic has surged from $0.31 at the start of February to nearly $1.

    The market has taken notice. Sentiment around S remains bullish, even as Bitcoin and the broader market consolidate and turn bearish. Not only has Sonic outperformed Bitcoin, but it has also attracted major inflows from other blockchains. Developers and users are leaving Solana and other leading chains to move over to Sonic. This is just the beginning…

    BTC/USD Key Levels and Price Action:

    Bitcoin has fallen below the key $92.5K level. If we don’t see a swift reclaim, we can expect a retest of $90K. Everything on the short-term chart remains bearish—there’s no discussion of bullish price action until Bitcoin finds a level of support, whether that’s at the CPR level of $91.2K or the range low of $90K.

    BTC Total ETF Flows for 24 Feb: $ -65.7 million

    (ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)

    ETH/USD Key Levels and Price Action:

    After showing decent strength in recent days, Ethereum has given it all back in the past 24 hours. Not only has momentum flipped bearish, but ETH has also fallen through the bottom of its range, breaking the key $2,556 level. It is now sitting at the CPR level, and with the bullish structure broken, ETH’s only hope is for this CPR level to hold, leading to consolidation rather than further downside.

    ETH Total ETF Flows for 24 Feb: $ -20.1 million

    (ETF flow data is sourced from https://farside.co.uk/eth/ 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
    ]]>    Tue, 25 Feb 2025 12:14:07 +1100