<?xml version="1.0" encoding="UTF-8" ?><!-- generator=Zoho Sites --><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/"><channel><atom:link href="https://www.stormrake.com/blogs/tag/paxg/feed" rel="self" type="application/rss+xml"/><title>Stormrake - Insights #PAXG</title><description>Stormrake - Insights #PAXG</description><link>https://www.stormrake.com/blogs/tag/paxg</link><lastBuildDate>Thu, 09 Jul 2026 05:55:27 +1000</lastBuildDate><generator>http://zoho.com/sites/</generator><item><title><![CDATA[The ETF Tap Turns Back On]]></title><link>https://www.stormrake.com/blogs/post/The-ETF-Tap-Turns-Back-On</link><description><![CDATA[Bitcoin's ETF outflow streak just snapped, but is it fresh conviction or just mechanical unwinding?]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw" data-element-type="section" class="zpsection zpdefault-section zpdefault-section-bg "><style type="text/css"> [data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ" data-element-type="row" class="zprow zprow-container zpalign-items-flex-start zpjustify-content- " data-equal-column="false"><style type="text/css"> [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } </style><div data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } </style><div data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_STD7LhlX-srFPp8dZmvplQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here:</span><span style="text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_k05mspjGWGmvTdvPvVhryg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_ey9lvZlIh_Z_t4xNAW8BjA" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_ey9lvZlIh_Z_t4xNAW8BjA"] .zpimage-container figure img { width: 698px ; height: 389.57px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Bitcoin%20tap.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div><div>Bitcoin is back above $63K this morning, and money is finally flowing back into the ETFs after weeks of heavy selling.</div></div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_9OMcH950veh2GxNZFBR6DQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span>What happened.<br/></span></h4></div>
<div data-element-id="elm_s1DAUEvga3MqW5M8l1H5OA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_s1DAUEvga3MqW5M8l1H5OA"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_s1DAUEvga3MqW5M8l1H5OA"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_s1DAUEvga3MqW5M8l1H5OA"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_s1DAUEvga3MqW5M8l1H5OA"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div><div><div><div>June was the worst month on record for US Bitcoin ETFs. Investors pulled around $4.5 billion out, most of it from BlackRock’s fund (IBIT), the biggest player in the space. The selling ran into July too, with more than a week of straight outflows. That’s the pressure that dragged Bitcoin down to a 21-month low near $57K.</div><div><br/></div><div>Then it flipped. Weak US jobs numbers raised hopes the Fed will cut interest rates, and money started flowing back into the ETFs, including IBIT, over the following days. Bitcoin has climbed from $57K to $63-64K alongside that shift.</div></div></div></div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_GwDUkooonv5oZAy6NliDGQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span>Why it matters.</span><br/></span></h4></div>
<div data-element-id="elm_Z2suKfpOY27pq0D5jAUkGQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Z2suKfpOY27pq0D5jAUkGQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_Z2suKfpOY27pq0D5jAUkGQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_Z2suKfpOY27pq0D5jAUkGQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_Z2suKfpOY27pq0D5jAUkGQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div>ETF flows are one of the best real-time signals we have for whether big institutional money is buying or selling Bitcoin. When flows turn positive at the same time price is recovering, it’s a sign the rally has real demand behind it, not just short-term speculation.</div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_SFNe30uayrvJ8ngVq55ENw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span>The catch.</span></span><br/></span></h4></div>
<div data-element-id="elm_Krjdoz-obD_bsmXFVFI3lg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Krjdoz-obD_bsmXFVFI3lg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_Krjdoz-obD_bsmXFVFI3lg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_Krjdoz-obD_bsmXFVFI3lg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_Krjdoz-obD_bsmXFVFI3lg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div>A few days of inflows doesn’t undo weeks of outflows, and some analysts think part of the recent selling was down to technical trading mechanics rather than a genuine loss of confidence in Bitcoin. The same could be true of this week’s buying. We want to see this trend hold for longer before reading too much into it.</div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_8XOQYpJ-uH37zHcsFMBljw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>What’s next.</span></span></span><br/></span></h4></div>
<div data-element-id="elm_nE017P1mHeVriW3SQKnnog" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_nE017P1mHeVriW3SQKnnog"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_nE017P1mHeVriW3SQKnnog"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_nE017P1mHeVriW3SQKnnog"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_nE017P1mHeVriW3SQKnnog"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div>Two dates to watch: US inflation data on 14 July, and the Fed’s next meeting on 28-29 July. A softer inflation print would support more rate cut bets and likely keep the buying going. A hotter number could reverse the mood quickly, just as we saw happen in reverse over the past month.</div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_yxHOy304raXYOPTPFbw9KA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span><span>The bigger picture.</span></span></span></span><br/></span></h4></div>
<div data-element-id="elm_NT3IMnsEh749sr8uuOTuTw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_NT3IMnsEh749sr8uuOTuTw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_NT3IMnsEh749sr8uuOTuTw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_NT3IMnsEh749sr8uuOTuTw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_NT3IMnsEh749sr8uuOTuTw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div>This doesn’t change our core view. We still see this as a bounce within a broader bear market, with $83K remaining the level that would need to break for that picture to change. ETF flows are a useful gauge of sentiment, but they follow price as much as they lead it. Good context, not a signal on its own.</div><div><br/></div><div><div>For those not familiar with why $83K is the invalidation level for the bear market, we encourage you to read our newly released <span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.stormrake.com/insights/reports/2026-q3-outlook" title="Q3 Outlook 2026: The Final Washout." target="_blank" rel="">Q3 Outlook 2026: The Final Washout.</a></span></div></div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_mzI-a44rnG8iJbmK0CPfQw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h3
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><span><span><span><span><span><span></span></span></span></span></span></span><span><span>Stormrake Spotlight: Pax Gold (PAXG) ($<span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span>4,098</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>)</span><br/></span><span style="color:inherit;"></span></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></h3></div><div data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg"] .zpimage-container figure img { width: 698px ; height: 501.25px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/paxg%208%20jul.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q"].zpelem-text { margin-block-start:21px; } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;">&nbsp;Source:<span style="text-decoration-line:underline;font-style:italic;"><a href="https://www.tradingview.com/x/rKVfTSpq/" title="https://www.tradingview.com/x/rKVfTSpq/" rel="">https://www.tradingview.com/x/rKVfTSpq/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div></div><div><div></div><div><div><div><div><div></div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div>PAXG has fallen by 1.40% as the 21 exponential moving average is proving to be a challenge once more for the bulls. If this is yet another rejection then we can expect another retest of $4,000.</div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_ct36lwoadR3sigVOFbosgg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div>BTC/USD Key Levels and Price Action:</div></div></div></h2></div>
<div data-element-id="elm_2WOspPVdhQh6azyVXf60mw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"] .zpimage-container figure img { width: 698px ; height: 261.31px ; } } [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"].zpelem-image { margin-block-start:20px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/btc%208%20jul%2026.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_ldcHGeFmi0EgsTdPv-YGnA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"><div style="color:inherit;">Source:&nbsp;<span style="text-decoration-line:underline;font-style:italic;"><a href="https://www.tradingview.com/x/LmGyMFYw/" title="https://www.tradingview.com/x/LmGyMFYw/" rel="">https://www.tradingview.com/x/LmGyMFYw/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div></div></div><div><p></p><div><div></div></div></div><div><div><div><div><div></div></div></div></div></div><div><div><div><p></p><div><div></div></div></div></div></div><div><div><div><div><div>Bitcoin continues to battle at the key level at $63.8K. The bears are attempting to stop any move higher, whilst the bulls are using the support of the moving average to stop any bearish move back down. We are at a decision point now, with the moving averages sitting right at the key resistance level. One will have to give soon.</div></div></div></div></div></div>
</div><div data-element-id="elm_nmT8IgoI7tq_K500HFIIhA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here</span><span style="color:inherit;">:</span><span style="color:inherit;text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div><div><br/></div><div><div style="color:inherit;"><div><span style="font-style:italic;">*All prices are denominated in USD unless stated otherwise*</span></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div><div><div><div style="font-size:12px;"><p><span style="font-style:italic;color:rgb(1, 58, 81);">Written by Alexandar Artis</span></p></div>
</div></div></div></div></div></div><div data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true">Create a brokerage account today</h2></div>
<div data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA"].zpelem-buttonicon{ border-radius:1px; } </style><div class="zpbutton-container zpbutton-align-center zpbutton-align-mobile-center zpbutton-align-tablet-center "><style type="text/css"></style><a class="zpbutton-wrapper zpbutton zpbutton-type-primary zpbutton-size-lg zpbutton-style-none zpbutton-full-width zpbutton-icon-align-left " href="https://www.stormrake.com/trade/start?ref=research" target="_blank"><span class="zpbutton-icon "><svg viewBox="0 0 512 512" height="512" width="512" xmlns="http://www.w3.org/2000/svg"><path d="M432,320H400a16,16,0,0,0-16,16V448H64V128H208a16,16,0,0,0,16-16V80a16,16,0,0,0-16-16H48A48,48,0,0,0,0,112V464a48,48,0,0,0,48,48H400a48,48,0,0,0,48-48V336A16,16,0,0,0,432,320ZM488,0h-128c-21.37,0-32.05,25.91-17,41l35.73,35.73L135,320.37a24,24,0,0,0,0,34L157.67,377a24,24,0,0,0,34,0L435.28,133.32,471,169c15,15,41,4.5,41-17V24A24,24,0,0,0,488,0Z"></path></svg></span><span class="zpbutton-content">Get Started</span></a></div>
</div><div data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><h4 style="font-weight:bold;text-align:center;">No Advice Warning&nbsp;</h4><div><div>The information in this newsletter is general only.&nbsp;It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.</div><div>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.&nbsp;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.</div></div>&nbsp;<h4 style="font-weight:bold;text-align:center;">Disclaimer&nbsp;</h4>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.<br/><br style="text-align:center;"/><span style="text-align:center;">Copyright © 2024 Stormrake Pty Ltd, All rights reserved</span></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Wed, 08 Jul 2026 11:14:49 +1000</pubDate></item><item><title><![CDATA[Doomsayers Were Right, Just About the Wrong End]]></title><link>https://www.stormrake.com/blogs/post/Doomsayers-Were-Right-Just-About-the-Wrong-End</link><description><![CDATA[A month ago a small Bitcoin sale triggered a 20% drop. This week a sale 100x larger barely moved the needle, and that shift is the real story.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw" data-element-type="section" class="zpsection zpdefault-section zpdefault-section-bg "><style type="text/css"> [data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ" data-element-type="row" class="zprow zprow-container zpalign-items-flex-start zpjustify-content- " data-equal-column="false"><style type="text/css"> [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } </style><div data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } </style><div data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_STD7LhlX-srFPp8dZmvplQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here:</span><span style="text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_k05mspjGWGmvTdvPvVhryg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_ey9lvZlIh_Z_t4xNAW8BjA" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_ey9lvZlIh_Z_t4xNAW8BjA"] .zpimage-container figure img { width: 500px ; height: 532.87px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-medium zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/end%20is%20near.jpg" size="medium" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div>The end is near. That’s what the bears have been saying every step of this cycle, and in a way, they’re right. But the end that’s near isn’t Bitcoin’s, it’s the bear market’s.</div><br/><div>A month ago, Strategy sold Bitcoin for the first time in four years. The market reaction was disproportionate to the size of the sale, and that was the point. Saylor had spent years repeating the “never sell” line, so even a token 32 BTC sale (around $2.5 million) landed as a signal, not a rounding error. Bitcoin fell 20% over the following four days.</div><br/><div>Fast forward to last week. Bitcoin had built real momentum off the cycle low, up 10% over five consecutive green days. Then came the disclosure that Strategy had sold again, this time 3,588 BTC to fund dividend payments, over 100 times the size of the first sale. Given what 32 BTC did a month earlier, the market was braced for a much larger reaction. The fall did start, Bitcoin down nearly 4% intraday and back testing $61k.</div><br/><div>Until the man with an apparent habit of reversing things stepped in once more. Since returning to the Oval Office, Trump has shown he can move markets on a word, most recently overturning a red card in the FIFA World Cup, and now, seemingly, the Bitcoin market too. Bitcoin recovered and flipped green on the day.</div><div><br/></div><div>The headlines around Saylor or Trump are noise. What matters is the reaction function. A sale 100x larger than the one that triggered a 20% drawdown a month ago barely dented price by comparison. That shift, from a market that panics on a small disclosure to one that absorbs a much larger one, is the actual data point.</div><br/><div>This is what selling exhaustion looks like in practice. When the market stops reacting violently to negative catalysts, it means the marginal seller is running out of size, and the people left holding are less inclined to panic. Fewer active sellers at these levels is typically a late-cycle characteristic, not an early one.</div><div><br/></div><div>To be clear, a 10%+ bounce off the low is encouraging, but it isn’t confirmation the bear market is over or that the low is in. One green reaction to a large sale doesn’t reverse a multi-month structure on its own. What it does show is that buyers are stepping in during this accumulation window, and that the balance between supply and demand is shifting in a way it wasn’t a month ago.<br/></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_mzI-a44rnG8iJbmK0CPfQw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h3
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><span><span><span><span><span><span></span></span></span></span></span></span><span><span>Stormrake Spotlight: Pax Gold (PAXG) ($<span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span>4,156</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>)</span><br/></span><span style="color:inherit;"></span></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></h3></div><div data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg"] .zpimage-container figure img { width: 698px ; height: 501.25px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/paxg%20g%207%20jul.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q"].zpelem-text { margin-block-start:21px; } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;">&nbsp;Source:<span style="text-decoration-line:underline;font-style:italic;"><a href="https://www.tradingview.com/x/t9SWHPyu/" title="https://www.tradingview.com/x/t9SWHPyu/" rel="">https://www.tradingview.com/x/t9SWHPyu/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div></div><div><div></div><div><div><div><div><div></div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div>PAXG is looking to begin the first step of flipping momentum back to the bulls, with a few daily closures above the 21 exponential moving average (yellow line). In a strong downtrend this often acts as strong resistance, and has done so in this recent downtrend. If this can be sustained, it will complete the first step in flipping the momentum.</div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_ct36lwoadR3sigVOFbosgg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div>BTC/USD Key Levels and Price Action:</div></div></div></h2></div>
<div data-element-id="elm_2WOspPVdhQh6azyVXf60mw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"] .zpimage-container figure img { width: 698px ; height: 261.31px ; } } [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"].zpelem-image { margin-block-start:20px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/btc%207%20jul%2026.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_ldcHGeFmi0EgsTdPv-YGnA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"><div style="color:inherit;">Source:&nbsp;<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/98aljr4S/" title="https://www.tradingview.com/x/98aljr4S/" rel="">https://www.tradingview.com/x/98aljr4S/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div></div></div><div><p></p><div><div></div></div></div><div><div><div><div><div></div></div></div></div></div><div><div><div><p></p><div><div></div></div></div></div></div><div><div><div>An intraday reversal thanks to the Trump comments, but also a strong technical bounce from the 200 moving averages, propelled Bitcoin above the key resistance level at $63.8k. Now flipped into support, this move needs to be sustained to continue the current bounce higher.</div></div></div></div>
</div><div data-element-id="elm_nmT8IgoI7tq_K500HFIIhA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here</span><span style="color:inherit;">:</span><span style="color:inherit;text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div><div><br/></div><div><div style="color:inherit;"><div><span style="font-style:italic;">*All prices are denominated in USD unless stated otherwise*</span></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div><div><div><div style="font-size:12px;"><p><span style="font-style:italic;color:rgb(1, 58, 81);">Written by Alexandar Artis</span></p></div>
</div></div></div></div></div></div><div data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true">Create a brokerage account today</h2></div>
<div data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA"].zpelem-buttonicon{ border-radius:1px; } </style><div class="zpbutton-container zpbutton-align-center zpbutton-align-mobile-center zpbutton-align-tablet-center "><style type="text/css"></style><a class="zpbutton-wrapper zpbutton zpbutton-type-primary zpbutton-size-lg zpbutton-style-none zpbutton-full-width zpbutton-icon-align-left " href="https://www.stormrake.com/trade/start?ref=research" target="_blank"><span class="zpbutton-icon "><svg viewBox="0 0 512 512" height="512" width="512" xmlns="http://www.w3.org/2000/svg"><path d="M432,320H400a16,16,0,0,0-16,16V448H64V128H208a16,16,0,0,0,16-16V80a16,16,0,0,0-16-16H48A48,48,0,0,0,0,112V464a48,48,0,0,0,48,48H400a48,48,0,0,0,48-48V336A16,16,0,0,0,432,320ZM488,0h-128c-21.37,0-32.05,25.91-17,41l35.73,35.73L135,320.37a24,24,0,0,0,0,34L157.67,377a24,24,0,0,0,34,0L435.28,133.32,471,169c15,15,41,4.5,41-17V24A24,24,0,0,0,488,0Z"></path></svg></span><span class="zpbutton-content">Get Started</span></a></div>
</div><div data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><h4 style="font-weight:bold;text-align:center;">No Advice Warning&nbsp;</h4><div><div>The information in this newsletter is general only.&nbsp;It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.</div><div>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.&nbsp;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.</div></div>&nbsp;<h4 style="font-weight:bold;text-align:center;">Disclaimer&nbsp;</h4>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.<br/><br style="text-align:center;"/><span style="text-align:center;">Copyright © 2024 Stormrake Pty Ltd, All rights reserved</span></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Tue, 07 Jul 2026 10:23:03 +1000</pubDate></item><item><title><![CDATA[Two Declarations of Independence Across Two Centuries]]></title><link>https://www.stormrake.com/blogs/post/Two-Declarations-of-Independence-Across-Two-Centuries</link><description><![CDATA[From the rejection of the Crown to the rejection of the Bank Bailout]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw" data-element-type="section" class="zpsection zpdefault-section zpdefault-section-bg "><style type="text/css"> [data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ" data-element-type="row" class="zprow zprow-container zpalign-items-flex-start zpjustify-content- " data-equal-column="false"><style type="text/css"> [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } </style><div data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } </style><div data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_STD7LhlX-srFPp8dZmvplQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here:</span><span style="text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_k05mspjGWGmvTdvPvVhryg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_DENOGueRwazdBNe-tb9zJQ" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_DENOGueRwazdBNe-tb9zJQ"] .zpimage-container figure img { width: 698px ; height: 375.37px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/two%20declarations%20of%20independence.jpg" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div>On 4 July 1776, a group of colonists signed a document declaring that governments derive their legitimacy entirely from the consent of the governed. They asserted that when an institution permanently breaks that trust, individuals possess the inherent right to construct a new paradigm. Two centuries later, on 3 January 2009, a pseudonymous programmer mined a block of cryptographic code that made no public speeches and signed no formal names. However, this block carried the exact same underlying thesis. The institutions entrusted with systemic power over global capital and human liberty had repeatedly violated their mandates, necessitating a parallel alternative that completely bypassed the requirement for institutional permission. Separated by 233 years, both events address the identical structural failure mode: the inevitable decay of unaccountable central authorities and the subsequent systems built by individuals in response.</div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_B-cAgxbP-BbD358NjwtewQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span></span></span><span><span></span><span><span>Owning What's Yours, Then and Now</span><br/></span></span></span></span></h4></div>
<div data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><p></p><div><p></p><div><p></p><div><p><span>Stripping the American founding document down to its core operational design reveals a line for line echo within the Bitcoin genesis block. Mined at the absolute peak of the 2008 global financial crisis, that first block contained a single embedded message quoting the London Times headline regarding a secondary banking bailout. This remains the only explicit prose Satoshi Nakamoto ever hardcoded into the ledger, serving as a permanent critique of modern monetary intervention.</span></p><p><span>This historical convergence manifests across several key operational vectors:</span></p><ul><li><p><strong>Consent and Consensus</strong><span>: The historical grievance regarding taxation without representation focused squarely on power exercised without systemic accountability rather than simple tax rates. Bitcoin addresses this by replacing political cycles with continuous cryptographic consensus. The network only adopts structural upgrades if individual node participants actively choose to run the modified code, ensuring no centralised entity can impose arbitrary rules.</span></p></li><li><p><strong>Mitigation of Central Authority</strong><span>: The authors of the American constitution built a delicate matrix of checks and balances because they deeply distrusted concentrated power. The architecture of digital asset scarcity takes this logic to its ultimate conclusion by removing the central authority entirely, eliminating any single point of failure or chancellor discretion.</span></p></li><li><p><strong>The Right to Exit</strong><span>: The right to exit represents the most radical assertion of the 1776 declaration. Bitcoin transforms this philosophical permission structure into functional software. Allocators dissatisfied with debasing fiat regimes do not need to petition central banks for policy reform; they can seamlessly rotate capital into a parallel monetary framework.</span></p></li><li><p><strong>Absolute Self-Custody</strong><span>: True liberty remains fundamentally tied to property rights and the preservation of personal labour. Cryptographic self-custody serves as the modern technical expression of this principle, enabling individuals to hold a sovereign asset that no third party intermediary can freeze, seize, or reverse without their explicit private key.</span></p></li><li><p><strong>Sound Money</strong><span>: The early American republic witnessed the complete collapse of the Continental currency, which was printed without restraint to fund war efforts and became entirely worthless by 1781. This hyper-inflationary disaster prompted constitutional restrictions on paper issuance. Bitcoin secures this exact lesson through absolute mathematical limits, hardcoding a fixed supply cap of 21 million units that no emergency legislative session can alter.</span></p></li></ul></div><p></p></div><p></p></div><p></p></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_ISd6DTcMMcvEkPBDVpRG0Q" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span></span><span>233 Years Apart, Same Argument</span></span></span></span></h4></div>
<div data-element-id="elm_Bt2IjK30vnzYWFIJVRdQyg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_Bt2IjK30vnzYWFIJVRdQyg"] .zpimage-container figure img { width: 698px ; height: 439.41px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/declaration%20of%20independcen%20thing.jpg" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_oTUZ4lnG2aSEpx5GC9mslw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span><span>One Fixed the System, One Replaced It</span></span><br/></span></span></span></h4></div>
<div data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div>While the philosophical motivations align, a critical structural distinction exists between these two historical models. The forefathers of 1776 attempted to construct a more perfect government, establishing accountability through legal constraints and institutional checks. Conversely, the deployment of decentralised software removes the requirement for human institutions entirely. One approach sought to manage authority through design, while the other engineered the absolute omission of central authority. This tension highlights why spot digital property operates as a pure counterweight to legacy financial systems.</div><br/><div>For macro allocators, evaluating these historical timelines provides essential clarity during periods of escalating global intervention. When trust in legacy institutions breaks down, markets do not merely register complaints; capital actively constructs and migrates to robust alternatives. Securing unencumbered spot property remains the most direct execution path to isolate wealth from the ongoing decay of centralised balance sheets. The trading desk at Stormrake remains fully equipped to facilitate large scale spot property acquisitions, ensuring your financial autonomy is anchored directly in cryptographic certainty rather than institutional discretion.</div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_mzI-a44rnG8iJbmK0CPfQw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h3
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><span><span><span><span><span><span></span></span></span></span></span></span><span><span>Stormrake Spotlight: Pax Gold (PAXG) ($<span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span>4,178</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>)</span><br/></span><span style="color:inherit;"></span></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></h3></div><div data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg"] .zpimage-container figure img { width: 698px ; height: 383.46px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/paxg%206%20jul.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q"].zpelem-text { margin-block-start:21px; } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;">&nbsp;Source:<span style="text-decoration-line:underline;font-style:italic;"><a href="https://www.tradingview.com/x/d1SomO8n/" title="https://www.tradingview.com/x/d1SomO8n/" rel="">https://www.tradingview.com/x/d1SomO8n/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div></div><div><div></div><div><div><div><div><div></div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div><div><div>PAXG continues to hold above the $4,100 local resistance - a great sign that short-term trend is beginning a reversal back up as price currently sits at a healthy $4,178 and in the green for the day thus far. If momentum can persist, the next headwind area before some profit taking may occur would be the ~ $4,300 to $4,400 zone as there’s significant liquidity waiting at those prices.</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_ct36lwoadR3sigVOFbosgg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div>BTC/USD Key Levels and Price Action:</div></div></div></h2></div>
<div data-element-id="elm_2WOspPVdhQh6azyVXf60mw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"] .zpimage-container figure img { width: 698px ; height: 261.31px ; } } [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"].zpelem-image { margin-block-start:20px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/btc%206%20jul%2026.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_ldcHGeFmi0EgsTdPv-YGnA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"><div style="color:inherit;">Source:&nbsp;<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/V0m4vmYz/" title="https://www.tradingview.com/x/V0m4vmYz/" rel="">https://www.tradingview.com/x/V0m4vmYz/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div></div></div><div><p></p><div><div></div></div></div><div><div><div><div><div></div></div></div></div></div><div><div><div><p></p><div><div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div><div><div>Bitcoin has bucked the trend once again, with significant continued upwards momentum from the bulls as the bears failed to produce the breakdown below $57,000 last week. With price already back at $63,800 and quickly climbing - that’s how fast things can turn the other way when everyone online is ultra-bearish: We said those buying windows don’t last long, and this is exactly what we meant. Good news for those that missed buying sub-$60K however; we’re currently at local resistance, sitting at the $63,861 mark. If we get another smaller dip back into the ~$61,000 potential higher-low pocket, your asymmetric upside opportunity becomes exceptional. Second chances are rare in this market - if they come, don’t squander it.</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_nmT8IgoI7tq_K500HFIIhA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here</span><span style="color:inherit;">:</span><span style="color:inherit;text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div><div><br/></div><div><div style="color:inherit;"><div><span style="font-style:italic;">*All prices are denominated in USD unless stated otherwise*</span></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div><div><div><div style="font-size:12px;"><p><span style="font-style:italic;color:rgb(1, 58, 81);">Written by James Ryan</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true">Create a brokerage account today</h2></div>
<div data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA"].zpelem-buttonicon{ border-radius:1px; } </style><div class="zpbutton-container zpbutton-align-center zpbutton-align-mobile-center zpbutton-align-tablet-center "><style type="text/css"></style><a class="zpbutton-wrapper zpbutton zpbutton-type-primary zpbutton-size-lg zpbutton-style-none zpbutton-full-width zpbutton-icon-align-left " href="https://www.stormrake.com/trade/start?ref=research" target="_blank"><span class="zpbutton-icon "><svg viewBox="0 0 512 512" height="512" width="512" xmlns="http://www.w3.org/2000/svg"><path d="M432,320H400a16,16,0,0,0-16,16V448H64V128H208a16,16,0,0,0,16-16V80a16,16,0,0,0-16-16H48A48,48,0,0,0,0,112V464a48,48,0,0,0,48,48H400a48,48,0,0,0,48-48V336A16,16,0,0,0,432,320ZM488,0h-128c-21.37,0-32.05,25.91-17,41l35.73,35.73L135,320.37a24,24,0,0,0,0,34L157.67,377a24,24,0,0,0,34,0L435.28,133.32,471,169c15,15,41,4.5,41-17V24A24,24,0,0,0,488,0Z"></path></svg></span><span class="zpbutton-content">Get Started</span></a></div>
</div><div data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><h4 style="font-weight:bold;text-align:center;">No Advice Warning&nbsp;</h4><div><div>The information in this newsletter is general only.&nbsp;It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.</div><div>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.&nbsp;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.</div></div>&nbsp;<h4 style="font-weight:bold;text-align:center;">Disclaimer&nbsp;</h4>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.<br/><br style="text-align:center;"/><span style="text-align:center;">Copyright © 2024 Stormrake Pty Ltd, All rights reserved</span></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Tue, 07 Jul 2026 10:19:15 +1000</pubDate></item><item><title><![CDATA[Saylor's Sisyphean Struggle Against Corporate Wrapper Gravity]]></title><link>https://www.stormrake.com/blogs/post/Saylors-Sisyphean-Struggle-Against-Corporate-Wrapper-Gravity</link><description><![CDATA[“Truth is like poetry. And most people hate poetry.” (The Big Short, 2015)]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw" data-element-type="section" class="zpsection zpdefault-section zpdefault-section-bg "><style type="text/css"> [data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ" data-element-type="row" class="zprow zprow-container zpalign-items-flex-start zpjustify-content- " data-equal-column="false"><style type="text/css"> [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } </style><div data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } </style><div data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_STD7LhlX-srFPp8dZmvplQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here:</span><span style="text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_k05mspjGWGmvTdvPvVhryg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_DENOGueRwazdBNe-tb9zJQ" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_DENOGueRwazdBNe-tb9zJQ"] .zpimage-container figure img { width: 698px ; height: 375.37px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/corporate%20debt%20mstr%20jr.jpg" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div>On 29 June 2026, Strategy officially authorised the first potential Bitcoin liquidation framework in its corporate history. This structural shift marks a profound evolution in corporate treasury management, proving that the aggressive premium model that transformed the firm into the holder of 4.2% of all circulating Bitcoin has encountered its limits. Management has introduced an operational overhaul because the capital allocation flywheel has stalled, exposing the fundamental reality that synthetic proxy wrappers can completely decouple from the spot assets they attempt to replicate.</div><div><br/></div><div>Across the broader digital asset treasury sector, numerous listed Bitcoin treasury entities now trade at a steep discount to net asset value, reminiscent of the 2022 trust corrections. While the market initially responded positively with MSTR shares jumping 13% as investors welcomed disciplined capital management, the pivot confirms that indirect exposure introduces a layer of financial engineering that will likely end up sub-par when compared to pure Bitcoin performance in the long run.</div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_B-cAgxbP-BbD358NjwtewQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span></span></span><span><span></span><span><span>The Digital Credit Capital Framework<br/></span></span></span></span></span></h4></div>
<div data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div>The newly unveiled framework introduces a multi pronged capital allocation model designed to protect corporate structure and defend liquidity. Key adjustments include a $2.55 billion ring fenced cash buffer for debt interest, resetting select preferred dividends to 12.00% to support par value, and two separate $1 billion repurchase authorisations for preferred and common stock.</div><div><br/></div><div>Crucially, the plan authorises up to $1.25 billion in strategic Bitcoin liquidations, extending total coverage from 17.4 to approximately 25.9 months. This shift formally signals that management now categorises its digital asset stack as active capital for balance sheet defence, moving away from its historical status as an untouchable reserve. These convoluted credit defence mechanisms are entirely unique to the corporate wrapper environment. Investors holding direct spot property require no internal balance sheet choreography, as pure asset exposure is completely insulated from the operational liabilities of an intermediary.</div></div></div>
</div><div data-element-id="elm_ISd6DTcMMcvEkPBDVpRG0Q" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span><span>The Reversal of the Equity Flywheel and the Structural Trap</span></span><br/></span></span></span></h4></div>
<div data-element-id="elm_CQWd27miwBLgOUPAJ3UViA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_CQWd27miwBLgOUPAJ3UViA"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_CQWd27miwBLgOUPAJ3UViA"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_CQWd27miwBLgOUPAJ3UViA"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_CQWd27miwBLgOUPAJ3UViA"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div>This tactical pivot was forced by severe mathematical constraints that never apply to direct asset holders. While the company’s internal figures place its current mNAV above 1.0, data from CryptoQuant indicates a compression down to 0.76, highlighting the tracking error inherent in synthetic vehicles. When the mNAV flips negative, the corporate model enters a structural trap; every single share sold to acquire more Bitcoin actively destroys 24 cents of value per dollar deployed.</div><br/><div>Unlike unencumbered spot property, which maintains a constant 1 to 1 relationship with absolute scarcity, a proxy engine introduces extreme volatility amplification. The firm’s creditworthiness expands when Bitcoin rallies, meaning the vast majority of its debt and equity issuance occurred near cyclical highs, leaving recent purchases underwater. Conversely, almost nothing was accumulated at macro lows. When Bitcoin undergoes a 10% retracement, MSTR equity historically amplifies that drop by roughly 20%. A compressed mNAV then dictates that the entity should liquidate Bitcoin to buy back its own discounted equity, completely reversing the perpetual accumulation thesis and exposing proxy holders to forced structural unwinds.</div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_oTUZ4lnG2aSEpx5GC9mslw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span><span>Systemic Treasury Discounts Across the Sector</span></span><br/></span></span></span></h4></div>
<div data-element-id="elm_W46hn4n37nub2qV4fwzXGg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_W46hn4n37nub2qV4fwzXGg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_W46hn4n37nub2qV4fwzXGg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_W46hn4n37nub2qV4fwzXGg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_W46hn4n37nub2qV4fwzXGg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div><div><div>The evaporation of the treasury premium is a systemic trend affecting the wider Digital Asset Treasury (DAT) landscape, demonstrating that wrapper discount risks are an artificial vulnerability born of structural centralisation.</div></div></div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_HxMMRe-qNCl_oXEnEgodeQ" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_HxMMRe-qNCl_oXEnEgodeQ"] .zpimage-container figure img { width: 698px ; height: 289.06px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/MSTR%20JR%20.jpg" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div>Up to a third of listed treasury firms now trade below a 1.0x mNAV multiple. If a compressed premium forces these entities into simultaneous, non discretionary selling to service debt, the market will anticipate the flow and front run it, triggering a reflexive downward spiral. This feedback loop has dismantled leveraged crypto structures in prior cycles, yet it remains a risk largely quarantined from those holding direct spot property.</div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_gI2Q_JOSoJTbC3BxZTzpMA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span><span><span>The 2022 Arbitrage Precedent</span></span></span><br/></span></span></span></h4></div>
<div data-element-id="elm_OrzIkrDp0sG28LRcAXiqFg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_OrzIkrDp0sG28LRcAXiqFg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_OrzIkrDp0sG28LRcAXiqFg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_OrzIkrDp0sG28LRcAXiqFg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_OrzIkrDp0sG28LRcAXiqFg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div><div><div>This dynamic mirrors the structural challenges faced by the Grayscale Bitcoin Trust (GBTC) during the 2022 bear market, when its discount to net asset value widened to a record low near 50% by December. That disconnect proved that a wrapper’s price can completely detach from its underlying asset when a capital raising engine stalls. Strategy is attempting to manufacture its own internal arbitrage mechanism through aggressive buybacks of its discounted paper, rather than waiting for an external market catalyst like an ETF conversion.</div></div></div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_Z4PdbyFThLmvKya7OmQixQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span><span><span>Macro Outlook and Desk Execution</span></span></span><br/></span></span></span></h4></div>
<div data-element-id="elm_AS1LzXKDCWo1vsNQaSM2Nw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_AS1LzXKDCWo1vsNQaSM2Nw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_AS1LzXKDCWo1vsNQaSM2Nw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_AS1LzXKDCWo1vsNQaSM2Nw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_AS1LzXKDCWo1vsNQaSM2Nw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div><div><div><div><div>Ultimately, attempting to secure exposure to digital asset scarcity indirectly through corporate equity proxies introduces operational liabilities that spot ownership avoids entirely. Corporate proxy models expose investors to board level cash burn, asset liability mismatches, and dilutive capital manoeuvres that degrade the core appeal of owning Bitcoin in the first place.</div><div><br/></div><div>Direct ownership of spot property offers true asset scarcity and absolute independence from a single balance sheet’s financing decisions. The professional trading desk at Stormrake provides institutional grade execution models to secure unencumbered spot property, ensuring capital allocations bypass corporate wrapper risks and remain entirely within your own control.</div></div></div></div></div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_mzI-a44rnG8iJbmK0CPfQw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h3
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><span><span><span><span><span><span></span></span></span></span></span></span><span><span>Stormrake Spotlight: Pax Gold (PAXG) ($<span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span>4,118</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>)</span><br/></span><span style="color:inherit;"></span></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></h3></div><div data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg"] .zpimage-container figure img { width: 698px ; height: 383.46px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/paxg%203%20jul.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q"].zpelem-text { margin-block-start:21px; } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;">&nbsp;Source:<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/ngCKHYXL/" title="https://www.tradingview.com/x/ngCKHYXL/" rel="">https://www.tradingview.com/x/ngCKHYXL/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div></div><div><div></div><div><div><div><div><div></div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div><div><div>PAXG is currently in the green on the day at 2.17%, as we’re still holding above the $4,000 key support. If trend can continue here with price currently at $4,118 and in the bull’s favour, the possibility of eyeing a confirmed breakout of the $4,100 local resistance is becoming increasingly more likely as the day progresses.</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_ct36lwoadR3sigVOFbosgg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div>BTC/USD Key Levels and Price Action:</div></div></div></h2></div>
<div data-element-id="elm_2WOspPVdhQh6azyVXf60mw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"] .zpimage-container figure img { width: 698px ; height: 261.31px ; } } [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"].zpelem-image { margin-block-start:20px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/btc%203%20jul.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_ldcHGeFmi0EgsTdPv-YGnA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"><div style="color:inherit;">Source:&nbsp;<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/z0AhXfez/" title="https://www.tradingview.com/x/z0AhXfez/" rel="">https://www.tradingview.com/x/z0AhXfez/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div></div></div><div><p></p><div><div></div></div></div><div><div><div><div><div></div></div></div></div></div><div><div><div><p></p><div><div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div><div><div>Bitcoin continues to trend higher as the asset finds local support here around $60,000. After wednesday’s quick spill over and fresh local low at $57,800, price has been on a slow but steady grind higher with a short-term peak overnight at $62,200. Long term risk to reward continues to favour the bulls now as every quick short-term price dip below $60,000 is continually being bought up just as rapidly as they come.</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_nmT8IgoI7tq_K500HFIIhA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here</span><span style="color:inherit;">:</span><span style="color:inherit;text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div><div><br/></div><div><div style="color:inherit;"><div><span style="font-style:italic;">*All prices are denominated in USD unless stated otherwise*</span></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div><div><div><div style="font-size:12px;"><p><span style="font-style:italic;color:rgb(1, 58, 81);">Written by James Ryan</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true">Create a brokerage account today</h2></div>
<div data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA"].zpelem-buttonicon{ border-radius:1px; } </style><div class="zpbutton-container zpbutton-align-center zpbutton-align-mobile-center zpbutton-align-tablet-center "><style type="text/css"></style><a class="zpbutton-wrapper zpbutton zpbutton-type-primary zpbutton-size-lg zpbutton-style-none zpbutton-full-width zpbutton-icon-align-left " href="https://www.stormrake.com/trade/start?ref=research" target="_blank"><span class="zpbutton-icon "><svg viewBox="0 0 512 512" height="512" width="512" xmlns="http://www.w3.org/2000/svg"><path d="M432,320H400a16,16,0,0,0-16,16V448H64V128H208a16,16,0,0,0,16-16V80a16,16,0,0,0-16-16H48A48,48,0,0,0,0,112V464a48,48,0,0,0,48,48H400a48,48,0,0,0,48-48V336A16,16,0,0,0,432,320ZM488,0h-128c-21.37,0-32.05,25.91-17,41l35.73,35.73L135,320.37a24,24,0,0,0,0,34L157.67,377a24,24,0,0,0,34,0L435.28,133.32,471,169c15,15,41,4.5,41-17V24A24,24,0,0,0,488,0Z"></path></svg></span><span class="zpbutton-content">Get Started</span></a></div>
</div><div data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><h4 style="font-weight:bold;text-align:center;">No Advice Warning&nbsp;</h4><div><div>The information in this newsletter is general only.&nbsp;It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.</div><div>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.&nbsp;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.</div></div>&nbsp;<h4 style="font-weight:bold;text-align:center;">Disclaimer&nbsp;</h4>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.<br/><br style="text-align:center;"/><span style="text-align:center;">Copyright © 2024 Stormrake Pty Ltd, All rights reserved</span></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Tue, 07 Jul 2026 10:09:53 +1000</pubDate></item><item><title><![CDATA[Your Wish Has Been Granted]]></title><link>https://www.stormrake.com/blogs/post/your-wish-has-been-granted</link><description><![CDATA[Nine months ago you said you'd buy Bitcoin at $60k. It's here. Now what?]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw" data-element-type="section" class="zpsection zpdefault-section zpdefault-section-bg "><style type="text/css"> [data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ" data-element-type="row" class="zprow zprow-container zpalign-items-flex-start zpjustify-content- " data-equal-column="false"><style type="text/css"> [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } </style><div data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } </style><div data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_STD7LhlX-srFPp8dZmvplQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here:</span><span style="text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_k05mspjGWGmvTdvPvVhryg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_ey9lvZlIh_Z_t4xNAW8BjA" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_ey9lvZlIh_Z_t4xNAW8BjA"] .zpimage-container figure img { width: 500px ; height: 279.06px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-medium zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/btc%20genie%2060k.png" size="medium" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div>Some may question why we are talking about greed when the market sits in a state of extreme fear. But this is exactly when it matters most. Back in February, we discussed the hidden greed of bear markets, the kind that surfaces when we are deep in a drawdown and price is sitting at generational buying opportunities.</div><br/><div>Cast your mind back to 2022. Bitcoin traded around $20k for months. Smart money was buying. Yes, price fell another 30% to $15k, but even that was not low enough for some. They held out for $12k, a level that never came. Many of those people either stayed sidelined for good or were forced to buy higher once the move away began. The ones who did buy through that zone are the ones now sitting on generational returns.</div><div><br/></div><div>As we have been covering in our Morning Notes lately, Bitcoin has entered a period of accumulation, a window where risk to reward is heavily skewed in favour of those with conviction. This is where the real returns get made.</div><div><br/></div><div>Bitcoin at $60k or below is 50% off its all-time high. This is smart money accumulation territory. The difference between buying now and waiting for $50k is marginal, and it is simply not worth the risk of missing this level altogether if it never comes.</div><div><br/></div><div>Rewind just nine months, to when Bitcoin was trading at $120k. If you had asked anyone looking to buy, “would you like to get Bitcoin at $60k?”, the answer was obvious. It was the same wish we heard from clients constantly: “I wish I had bought when Bitcoin was at $50k... $70k... $90k, pick a number.” That wish has now been granted. The opportunity is here. The only question left is whether you follow through.</div><div><br/></div><div>One more thing worth noting: if you bought at the top around $120k, you are underwater, and that is fine, especially with a long term view. This is a prime opportunity to heavily dollar cost average. With just half the capital you originally deployed at the highs, you can bring your average entry price all the way down to the midpoint, from $120k to $90k. Deploy more, and that average keeps improving from there.<br/></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_mzI-a44rnG8iJbmK0CPfQw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h3
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><span><span><span><span><span><span></span></span></span></span></span></span><span><span>Stormrake Spotlight: Pax Gold (PAXG) ($<span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span>4,043</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>)</span><br/></span><span style="color:inherit;"></span></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></h3></div><div data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg"] .zpimage-container figure img { width: 698px ; height: 501.25px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/paxg%202%20jul.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q"].zpelem-text { margin-block-start:21px; } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;">&nbsp;Source:<span style="text-decoration-line:underline;font-style:italic;"><a href="https://www.tradingview.com/x/Nc9ZDRaJ/" title="https://www.tradingview.com/x/Nc9ZDRaJ/" rel="">https://www.tradingview.com/x/Nc9ZDRaJ/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div></div><div><div></div><div><div><div><div><div></div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div>As expected, the key zone at $4,000 continues to provide support for PAXG as it has thwarted another move from the bears to attempt to push it lower. As identified previously, this could be a zone to set up a base for a potential reversal.</div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_ct36lwoadR3sigVOFbosgg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div>BTC/USD Key Levels and Price Action:</div></div></div></h2></div>
<div data-element-id="elm_2WOspPVdhQh6azyVXf60mw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"] .zpimage-container figure img { width: 698px ; height: 261.31px ; } } [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"].zpelem-image { margin-block-start:20px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/btc%202%20jul%2026.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_ldcHGeFmi0EgsTdPv-YGnA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"><div style="color:inherit;">Source:&nbsp;<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/0rUkQLXC/" title="https://www.tradingview.com/x/0rUkQLXC/" rel="">https://www.tradingview.com/x/0rUkQLXC/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div></div></div><div><p></p><div><div></div></div></div><div><div><div><div><div></div></div></div></div></div><div><div><div><p></p><div><div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div><div><div>Bitcoin bounced nearly 2.5% yesterday and was up nearly 5% intraday, but the bears quickly reminded everyone who was in charge with a sharp rejection and stopped any sustained move above the key level of $60.1k paired with the 200 moving averages.</div><div><br/></div><div>This rejection by the bears has strengthened their control as they look to set yet another lower low to end the week.</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_nmT8IgoI7tq_K500HFIIhA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here</span><span style="color:inherit;">:</span><span style="color:inherit;text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div><div><br/></div><div><div style="color:inherit;"><div><span style="font-style:italic;">*All prices are denominated in USD unless stated otherwise*</span></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div><div><div><div style="font-size:12px;"><p><span style="font-style:italic;color:rgb(1, 58, 81);">Written by Alexandar Artis</span></p></div>
</div></div></div></div></div></div><div data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true">Create a brokerage account today</h2></div>
<div data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA"].zpelem-buttonicon{ border-radius:1px; } </style><div class="zpbutton-container zpbutton-align-center zpbutton-align-mobile-center zpbutton-align-tablet-center "><style type="text/css"></style><a class="zpbutton-wrapper zpbutton zpbutton-type-primary zpbutton-size-lg zpbutton-style-none zpbutton-full-width zpbutton-icon-align-left " href="https://www.stormrake.com/trade/start?ref=research" target="_blank"><span class="zpbutton-icon "><svg viewBox="0 0 512 512" height="512" width="512" xmlns="http://www.w3.org/2000/svg"><path d="M432,320H400a16,16,0,0,0-16,16V448H64V128H208a16,16,0,0,0,16-16V80a16,16,0,0,0-16-16H48A48,48,0,0,0,0,112V464a48,48,0,0,0,48,48H400a48,48,0,0,0,48-48V336A16,16,0,0,0,432,320ZM488,0h-128c-21.37,0-32.05,25.91-17,41l35.73,35.73L135,320.37a24,24,0,0,0,0,34L157.67,377a24,24,0,0,0,34,0L435.28,133.32,471,169c15,15,41,4.5,41-17V24A24,24,0,0,0,488,0Z"></path></svg></span><span class="zpbutton-content">Get Started</span></a></div>
</div><div data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><h4 style="font-weight:bold;text-align:center;">No Advice Warning&nbsp;</h4><div><div>The information in this newsletter is general only.&nbsp;It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.</div><div>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.&nbsp;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.</div></div>&nbsp;<h4 style="font-weight:bold;text-align:center;">Disclaimer&nbsp;</h4>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.<br/><br style="text-align:center;"/><span style="text-align:center;">Copyright © 2024 Stormrake Pty Ltd, All rights reserved</span></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Thu, 02 Jul 2026 10:53:43 +1000</pubDate></item><item><title><![CDATA[Rake Review: June 2026]]></title><link>https://www.stormrake.com/blogs/post/rake-review-june-2026</link><description><![CDATA[<img align="left" hspace="5" src="https://www.stormrake.com/RR cover image june.png"/>June 2026 didn't whisper. The world's biggest IPO drained billions from risk assets, Michael Saylor sold Bitcoin for the first time, a new Fed Chair signalled higher rates, and Bitcoin hit its worst month since the 2022 Luna crash. Noise and signal pointed in the same direction.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw" data-element-type="section" class="zpsection "><style type="text/css"> [data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ" data-element-type="row" class="zprow zprow-container zpalign-items-flex-start zpjustify-content- " data-equal-column="false"><style type="text/css"> [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } </style><div data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } </style><div data-element-id="elm_0foB7Rzre-2Lg-nx4i09gw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_0foB7Rzre-2Lg-nx4i09gw"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_0foB7Rzre-2Lg-nx4i09gw"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_0foB7Rzre-2Lg-nx4i09gw"].zpelem-heading { border-radius:1px; } } </style><h1
 class="zpheading zpheading-style-none zpheading-align-center zpheading-align-mobile-center zpheading-align-tablet-center " data-editor="true"><div style="color:inherit;"><h3 style="font-size:20px;font-weight:bold;"><div style="color:inherit;"></div></h3><h1 style="font-size:26px;font-weight:bold;text-align:center;"></h1><h1 style="font-weight:bold;"><div style="color:inherit;"><div><div style="color:inherit;"></div>
</div></div></h1><h2><div style="color:inherit;"><div style="color:inherit;"><div><span><span><span><span><span><span><span><span><span>When the Noise Became the Signal</span></span></span></span></span></span></span></span><br/></span></div></div></div></h2></div>
</h1></div><div data-element-id="elm_YtzjIxZAeacCqIpKqdNk8g" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_YtzjIxZAeacCqIpKqdNk8g"] .zpimage-container figure img { width: 698px ; height: 472.12px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_YtzjIxZAeacCqIpKqdNk8g"] .zpimage-container figure img { width:723px ; height:723.00px ; } } @media (max-width: 767px) { [data-element-id="elm_YtzjIxZAeacCqIpKqdNk8g"] .zpimage-container figure img { width:415px ; height:415.00px ; } } [data-element-id="elm_YtzjIxZAeacCqIpKqdNk8g"].zpelem-image { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_YtzjIxZAeacCqIpKqdNk8g"].zpelem-image { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_YtzjIxZAeacCqIpKqdNk8g"].zpelem-image { border-radius:1px; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/RR%20cover%20image%20june.png" width="415" height="415.00" loading="lazy" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_2grWuhnVcZWmcnSR6kF9yQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_2grWuhnVcZWmcnSR6kF9yQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_2grWuhnVcZWmcnSR6kF9yQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_2grWuhnVcZWmcnSR6kF9yQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_2grWuhnVcZWmcnSR6kF9yQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><span><span><span><div><div><span><div><div><div><div><div><div><span><div><div>June 2026 did not whisper. The world's biggest IPO sucked billions out of risk assets, Michael Saylor broke his four-year vow and sold Bitcoin for the first time, a new Fed Chair signalled rates may go higher before they go lower, and Bitcoin posted its worst monthly performance since the Luna/Terra collapse of 2022. For once, the noise and the signal were pointing in exactly the same direction.</div></div></span></div></div></div></div></div></div></span></div></div></span></span></span></div>
</div></div><div data-element-id="elm_Qyy5BZAou0fu5DzKjIJxLA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_Qyy5BZAou0fu5DzKjIJxLA"].zpelem-divider{ border-radius:1px; } </style><style> [data-element-id="elm_Qyy5BZAou0fu5DzKjIJxLA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_Qyy5BZAou0fu5DzKjIJxLA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_R8zkAs_3TuXaoAsPq5ybcg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_R8zkAs_3TuXaoAsPq5ybcg"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_R8zkAs_3TuXaoAsPq5ybcg"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_R8zkAs_3TuXaoAsPq5ybcg"].zpelem-heading { border-radius:1px; } } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="color:inherit;"><span><span><span><span><span><span><span><span><span><span></span></span></span></span></span></span></span><span><span>The Biggest IPO Just Happened and Bitcoin Paid for It</span><br/></span></span></span></span></span></h2></div>
<div data-element-id="elm_gk8quNQZBrQhFXaHgVEsfg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_gk8quNQZBrQhFXaHgVEsfg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_gk8quNQZBrQhFXaHgVEsfg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_gk8quNQZBrQhFXaHgVEsfg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_gk8quNQZBrQhFXaHgVEsfg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><span><span><span><div></div><div><div><div>Most people outside of finance have heard of SpaceX. Elon Musk's rocket company, responsible for sending astronauts to the International Space Station and building the Starlink satellite internet network, has for years been one of the most talked about private companies in the world. In June, it stopped being private. On June 12, SpaceX listed on the Nasdaq stock exchange under the ticker SPCX, raising $75 billion in what became the largest stock market debut in history. For context, the previous record was held by Saudi Aramco, which raised around $25 billion when it went public in 2019. SpaceX more than tripled it.</div><br/><div>The excitement was enormous. Investor orders to buy shares exceeded $250 billion, roughly four times the amount SpaceX was actually selling, meaning the vast majority of people who tried to get in at the IPO price were turned away. The stock gained 19% on its first day and briefly pushed SpaceX's total value past $2 trillion. So what does any of this have to do with Bitcoin?</div><br/><div>When a company raises $75 billion from investors, that money has to come from somewhere. Investors, both everyday people and large institutions, had to sell other things they owned to free up cash to buy SpaceX shares. And one of the assets people sold to raise that cash was Bitcoin. SpaceX effectively became a liquidity black hole, drawing risk capital that would otherwise have stayed in digital assets. This is called capital rotation, and it is one of the main reasons Bitcoin fell so heavily through June.</div><br/><div>There is a twist worth knowing about. SpaceX's public filing revealed the company holds 18,712 Bitcoin on its balance sheet, worth approximately $1.29 billion. That makes SpaceX one of the largest corporate holders of Bitcoin in the world. The company that caused so much selling pressure in Bitcoin actually owns a significant amount of it. Every person who bought a SpaceX share in June now has indirect Bitcoin exposure, whether they realise it or not. And as SpaceX gets added to major stock market indices, thousands of index funds and pension funds that buy the stock will also be indirectly buying Bitcoin through SpaceX's treasury.</div><br/><div>The deeper issue for Bitcoin this month was not just the money leaving, it was the attention leaving. SpaceX offered investors rockets, global internet, and artificial intelligence all in one stock. In a market where people chase whatever is exciting, Bitcoin simply cannot match the fresh story around SpaceX. For the better part of two years, Bitcoin was the most exciting trade in markets. That crown has been passed, at least for now, to AI stocks and space companies. SpaceX itself pulled back sharply after its debut, falling from an intraday high of $225 to around $153 by the end of the month, but by then the damage to Bitcoin sentiment had already been done.</div><br/><div>The longer term picture is more positive, and there is a concrete reason for that. Capital rotation works in both directions. The same investors who sold Bitcoin to buy SpaceX shares will eventually look for the next opportunity, and Bitcoin, sitting at multi-month lows and testing its most historically significant long term support level, will be difficult to ignore. The IPO frenzy that hurt Bitcoin in June is temporary. The 18,712 Bitcoin now sitting on SpaceX's balance sheet, quietly embedded inside thousands of index funds and pension portfolios around the world, is permanent.</div></div></div><div></div></span></span></span></div>
</div></div><div data-element-id="elm_IQRaUdNJ-hN4GMcufSZyWA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_IQRaUdNJ-hN4GMcufSZyWA"].zpelem-divider{ border-radius:1px; } </style><style> [data-element-id="elm_IQRaUdNJ-hN4GMcufSZyWA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_IQRaUdNJ-hN4GMcufSZyWA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_h--SrI04O4FHiZT0RJnoBA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_h--SrI04O4FHiZT0RJnoBA"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_h--SrI04O4FHiZT0RJnoBA"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_h--SrI04O4FHiZT0RJnoBA"].zpelem-heading { border-radius:1px; } } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="color:inherit;"><span><span><span><span><span><span><span><span><span><span><span><span>The Saylor Thesis Meets Gravity</span></span></span></span></span></span></span></span></span><br/></span></span></span></span></h2></div>
<div data-element-id="elm_ONqzXKKzzVOUWz_m7AIItQ" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_ONqzXKKzzVOUWz_m7AIItQ"] .zpimage-container figure img { width: 500px ; height: 500.00px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-medium zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/never%20sel%20your%20btc.jpg" size="medium" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_QY04YlfQSUFRVScA6ciWkw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_QY04YlfQSUFRVScA6ciWkw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_QY04YlfQSUFRVScA6ciWkw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_QY04YlfQSUFRVScA6ciWkw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_QY04YlfQSUFRVScA6ciWkw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><span><span><span><div></div><div><div></div><div><div>If you have spent any time following Bitcoin over the past few years, you will have heard of Michael Saylor. He is the co-founder and executive chairman of a company called Strategy, formerly known as MicroStrategy, and he has built one of the most recognisable positions in crypto by doing one thing relentlessly: buying Bitcoin with every dollar he can get his hands on.</div><div><br/></div><div>Strategy does not mine Bitcoin. It does not run an exchange. Its entire identity, since 2020, has been to accumulate as much Bitcoin as possible and hold it forever. To fund those purchases, the company has raised billions of dollars by issuing shares and debt products to investors. The pitch has always been simple: Bitcoin goes up over time, and owning a lot of it, acquired with borrowed and raised capital, produces extraordinary returns.</div><br/><div>June tested that pitch.</div><br/><div>On June 1, Strategy revealed it had sold 32 Bitcoin for approximately $2.5 million. It was the first time the company had sold any Bitcoin in four years. Now, 32 Bitcoin is not a lot. Strategy still held 843,706 coins after the sale, making it a fraction of a percent of their total position. But Saylor had said publicly, many times, that he would never sell. The moment he did, even a tiny amount, people started asking questions.</div><div><br/></div><div>The reason for the sale was to pay a dividend to investors in one of Strategy's financial products, called STRC. This is essentially a type of investment that Strategy sells to raise cash, promising regular dividend payments in return. As Strategy has taken on more of these obligations, the bills have grown. Annual dividend payments have risen from around $300 million at the start of 2026 to $1.2 billion today, while the company's cash reserves have fallen 38% over the same period.</div><div><br/></div><div>At the same time, Bitcoin's price has dropped well below what Strategy paid for most of its coins. The average price Strategy paid across its entire Bitcoin holding is around $75,500 per coin. With Bitcoin trading in the low $60,000s through much of June, the company is sitting on an unrealised loss of approximately $10.6 billion. That does not mean Strategy is in immediate trouble, unrealised losses are paper losses until you sell, but it does mean the financial pressure is real and growing.</div><div><br/></div><div>Saylor's public response was to post on X: &quot;Volatility tests every capital structure. Strategy remains focused on Bitcoin, disciplined capital allocation, credit quality, and long term value creation.&quot; Characteristically unfazed. His supporters point out that Strategy survived a worse situation in 2022, when Bitcoin fell below $16,000, and never had to sell. His critics point out that the company's obligations are significantly larger today than they were back then.</div><br/><div>The honest answer is that nobody knows exactly how this plays out. If Bitcoin recovers strongly in the second half of 2026, Strategy's balance sheet improves quickly and the concerns fade. If Bitcoin stays flat or falls further, the pressure to sell coins to meet obligations becomes harder to ignore, and a forced sale from the world's largest corporate Bitcoin holder would create significant additional selling in the market.</div><br/><div>There is one further development worth watching. Saylor has long positioned Strategy as a Bitcoin-only vehicle, but the financial pressure building on the balance sheet may force a rethink of that mandate. Speculation is growing that Strategy could begin diversifying its treasury into other hard assets, with gold the most likely candidate. If that happens, it would represent a significant shift in the Strategy story, and a tacit acknowledgement that a single-asset treasury model carries more risk than the narrative has historically admitted.</div><div><br/></div><div>What June made clear is that the easy part of the Saylor trade is behind us. The thesis is not broken. Bitcoin has recovered from worse, and Strategy has survived deeper drawdowns than this one. But the risks are now visible in a way they were not twelve months ago, and visible risks have a habit of demanding attention before they resolve. The second half of 2026 will go a long way toward determining whether June was the moment the thesis was tested, or the moment it began to crack.<br/></div></div><div></div></div><div></div></span></span></span></div>
</div></div><div data-element-id="elm_VyZ09GUCqgK9NMui9gFk-w" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_VyZ09GUCqgK9NMui9gFk-w"].zpelem-divider{ border-radius:1px; } </style><style> [data-element-id="elm_VyZ09GUCqgK9NMui9gFk-w"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_VyZ09GUCqgK9NMui9gFk-w"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_d0SztOM3M3uSyHVWlQjUDQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_d0SztOM3M3uSyHVWlQjUDQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span><span><span><span><span><span><span><span><span><span><span><span><span>Price Performance: <span>Breaking Down the Worst Month Since 2022</span></span></span></span></span></span></span></span></span></span></span></span></span><br/></span></div>
</div></div></div></h2></div><div data-element-id="elm_gm3B5rteCVn494HaLV3WxQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_gm3B5rteCVn494HaLV3WxQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_gm3B5rteCVn494HaLV3WxQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_gm3B5rteCVn494HaLV3WxQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_gm3B5rteCVn494HaLV3WxQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div></div><div><div></div><div><div></div><div><div><div><div><div>June broke what had been building for the majority of the year the classic bear market pattern known as the bear flag. This was the worst month for Bitcoin since June 2022, with Bitcoin losing nearly 19% from the open of the month to the close.</div><br/><div>The month kicked off with a confirmed break of the bear flag, which triggered the next leg lower and the sustained bearish price action we saw throughout June. A major driver of sentiment this month was Michael Saylor and Strategy. When Strategy disclosed it had sold 32 Bitcoin the first sale in four years it shattered the narrative that Saylor was an unconditional, never sell accumulator. The market had priced Strategy as a permanent demand floor. The moment that assumption broke, confidence cracked with it, and the selling accelerated.&nbsp;</div><br/><div>With the bears clearly in control, the bear flag pattern targets the mid to low $50,000 region as the next area of interest.</div></div></div></div></div><div></div></div><div></div></div><div></div></div>
</div></div><div data-element-id="elm_HEVvDAun0c3YLRPHut0rRQ" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_HEVvDAun0c3YLRPHut0rRQ"] .zpimage-container figure img { width: 698px ; height: 495.34px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/btc%20RR%20june%20price%20action.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_y-2q80CUKo7DkWFlzAEG0g" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_y-2q80CUKo7DkWFlzAEG0g"].zpelem-text { font-family:'Roboto',sans-serif; font-size:12px; font-weight:400; border-radius:1px; } [data-element-id="elm_y-2q80CUKo7DkWFlzAEG0g"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:12px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_y-2q80CUKo7DkWFlzAEG0g"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_y-2q80CUKo7DkWFlzAEG0g"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div><div>Source:<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/4e3Du4wC/" title="https://www.tradingview.com/x/4e3Du4wC/" rel="">https://www.tradingview.com/x/4e3Du4wC/</a></span></div></div>
</div></div></div></div><div data-element-id="elm_mRUBFOtRNoj-vNw7aJSQCg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_mRUBFOtRNoj-vNw7aJSQCg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_mRUBFOtRNoj-vNw7aJSQCg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_mRUBFOtRNoj-vNw7aJSQCg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_mRUBFOtRNoj-vNw7aJSQCg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div></div><div><div></div><div><div></div><div><div><div>Despite June historically being one of Bitcoin's stronger months averaging an 8.24% return across nine green Junes in the last 16 years this year told a very different story, and one with a familiar feel.</div><br/><div>June 2022 was also Bitcoin's worst month of that year, occurring in the aftermath of the Luna Terra collapse in May 2022, which was the first major blow of the previous bear market. This June drew extreme parallels to that period. The Luna collapse came seven months after Bitcoin's prior all time high. The current June drawdown has come eight months after the October 2025 all time high of $128,198. When the prior June collapse occurred, the market was closer to the end of the bear market than the beginning and that is what we are anticipating to be the case now.</div><br/><div>We go much deeper into the outlook for the next few months in the Stormrake Q3 2026 Outlook, which you can find in the section below.</div></div></div><div></div></div><div></div></div><div></div></div>
</div></div><div data-element-id="elm_AZeu9TClDXaTK_wrHP3qMw" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_AZeu9TClDXaTK_wrHP3qMw"].zpelem-divider{ border-radius:1px; } </style><style> [data-element-id="elm_AZeu9TClDXaTK_wrHP3qMw"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_AZeu9TClDXaTK_wrHP3qMw"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_4MJi7vsYwyg7MQDZio8i8A" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_4MJi7vsYwyg7MQDZio8i8A"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div>In the News</div></div></h2></div>
<div data-element-id="elm_UZHQBJ2HAH9HvyOeQs_DQQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h3
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span>Stormrake Quarter 3 Outlook: The Final Washout</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><br/></span></h3></div>
<div data-element-id="elm_q0DZiDxPQpQcYYJuI4dqYA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_q0DZiDxPQpQcYYJuI4dqYA"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_q0DZiDxPQpQcYYJuI4dqYA"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_q0DZiDxPQpQcYYJuI4dqYA"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_q0DZiDxPQpQcYYJuI4dqYA"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div></div>
</div><div><div><div></div></div></div><div><div></div></div><div><div> We have just released our Stormrake Quarter 3 2026 Outlook, titled 'The Final Washout'. The report covers the next three months of Bitcoin price action, where we think Bitcoin is headed, what is likely to drive it, and where we believe we currently sit in the broader market cycle. If you have been following Bitcoin through what has been a brutal June and want to understand what comes next, this is the place to start. You can find the full report in the section here. It is a must read for those looking to accumulate Bitcoin at a discount… </div>
</div><div><br/></div><div><div><div><span style="font-style:italic;text-decoration-line:underline;"><strong><a href="https://www.stormrake.com/insights/reports/2026-q3-outlook" title="Read the Full Outlook Here" target="_blank" rel="">Read the Full Outlook Here</a></strong></span></div></div>
</div></div></div><div data-element-id="elm_DjWsLqyRcAy3UcbcA2cosg" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h3
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span>The US Iran War Is Winding Down And Oil Is Feeling It<br/></span></span></h3></div>
<div data-element-id="elm_UA6KAOYaWVvUNN7IS-_dLg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_UA6KAOYaWVvUNN7IS-_dLg"] .zpimage-container figure img { width: 298px ; height: 169.00px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-large zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/us%20iran%20deal-.jpeg" size="large" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_r0jXL8UoGnhchMnacLY2UQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_r0jXL8UoGnhchMnacLY2UQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_r0jXL8UoGnhchMnacLY2UQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_r0jXL8UoGnhchMnacLY2UQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_r0jXL8UoGnhchMnacLY2UQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div><div><div></div><div><div></div></div></div></div></div><div><div><div></div></div></div><div><div></div><div><span><span><p></p><div><div><div><div>Earlier this year, US and Israeli strikes on Iran in late February triggered the closure of the Strait of Hormuz, the narrow stretch of water between Iran and Oman through which roughly 20% of the world's oil supply passes. Brent crude surged from around $72 per barrel at the outset of the conflict to above $118 by late April, pushing inflation higher and forcing central banks to shelve any near term plans to cut interest rates. June brought meaningful relief. On June 18, the US and Iran signed an interim peace agreement, and oil prices fell sharply, with Brent dropping back toward $77 per barrel. By June 24, WTI had fallen below $70 per barrel for the first time since the war began. The ceasefire remains fragile and a permanent deal is far from done, but the direction of travel is positive. For Bitcoin, falling oil means falling inflation, which means the path to interest rate cuts reopens and cheaper money has historically been one of the most reliable tailwinds Bitcoin has ever had.</div></div></div></div><p></p></span></span></div></div><div><div><div></div></div></div></div>
</div><div data-element-id="elm_LEHUbj6QjwO-kFlhQ61lPA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h3
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="color:inherit;"><span><span><span><span><span><span><span><span><span><span><span><span><span><span></span></span></span></span></span></span></span></span></span></span></span></span></span><span>The New Fed Chair Just Made His First Call and It Was Not What Trump Wanted<br/></span></span></span></h3></div>
<div data-element-id="elm_9X7BnOo1WOrlthHoZMCgPQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_9X7BnOo1WOrlthHoZMCgPQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_9X7BnOo1WOrlthHoZMCgPQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_9X7BnOo1WOrlthHoZMCgPQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_9X7BnOo1WOrlthHoZMCgPQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div></div></div><div><div><div></div></div></div><div><div><div><div><div>Trump replaced Jerome Powell with Kevin Warsh in May 2026, widely expecting a more rate cut friendly Fed. On June 17, Warsh chaired his first meeting and voted unanimously to hold rates steady at 3.5% to 3.75%. The bigger story was what came alongside it. Nine of the 18 voting members now support a rate hike before the end of 2026, a sharp reversal from March, when not a single policymaker had pencilled one in. Warsh also scrapped the Fed's longstanding practice of forward guidance, removing any hint of where rates are heading next. Stocks fell immediately after the statement dropped. For Bitcoin, the message is simple: rate cuts historically one of the strongest tailwinds for crypto have been pushed even further down the road.</div></div></div></div></div></div>
</div><div data-element-id="elm_ck32fqUhw-XQN5mc7yj9zw" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_ck32fqUhw-XQN5mc7yj9zw"].zpelem-divider{ border-radius:1px; } </style><style> [data-element-id="elm_ck32fqUhw-XQN5mc7yj9zw"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_ck32fqUhw-XQN5mc7yj9zw"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_dwggtk3j06h0htavID_xDA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_dwggtk3j06h0htavID_xDA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div> Market Update</div>
</div></h2></div><div data-element-id="elm_bX3tn65vxnL7QgYqsLn7zA" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_bX3tn65vxnL7QgYqsLn7zA"] .zpimage-container figure img { width: 698px ; height: 401.20px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_bX3tn65vxnL7QgYqsLn7zA"] .zpimage-container figure img { width:723px ; height:419.06px ; } } @media (max-width: 767px) { [data-element-id="elm_bX3tn65vxnL7QgYqsLn7zA"] .zpimage-container figure img { width:415px ; height:240.54px ; } } [data-element-id="elm_bX3tn65vxnL7QgYqsLn7zA"].zpelem-image { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_bX3tn65vxnL7QgYqsLn7zA"].zpelem-image { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_bX3tn65vxnL7QgYqsLn7zA"].zpelem-image { border-radius:1px; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/RR%20top%2010%20june.png" width="415" height="240.54" loading="lazy" size="fit" data-lightbox="true"/></picture></span><figcaption class="zpimage-caption zpimage-caption-align-center"><span class="zpimage-caption-content">Top 10 cryptocurrencies by market cap </span></figcaption></figure></div>
</div><div data-element-id="elm_EwEhBK3h3l02DhMNZ6gzGg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_EwEhBK3h3l02DhMNZ6gzGg"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_EwEhBK3h3l02DhMNZ6gzGg"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_EwEhBK3h3l02DhMNZ6gzGg"].zpelem-heading { border-radius:1px; } } </style><h5
 class="zpheading zpheading-style-none zpheading-align-center zpheading-align-mobile-center zpheading-align-tablet-center " data-editor="true"><div style="color:inherit;"><figcaption> Here is the fast five of what you need to know about the market in June 2026: </figcaption><figcaption><ol></ol></figcaption></div></h5></div>
<div data-element-id="elm_DGv3l4v8QMwqTZl6rNM3fg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_DGv3l4v8QMwqTZl6rNM3fg"].zpelem-text { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_DGv3l4v8QMwqTZl6rNM3fg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_DGv3l4v8QMwqTZl6rNM3fg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><ol><li>Bitcoin lost 19% in June.</li><li><div><div>Ethereum fell by 21% in June.</div></div></li><li>Hyperliquid created a new all time high at $76.70 but since retraced 20%.</li><li>PAX Gold lost 12% in June.</li><li><div><div>The total crypto market cap fell by 17%.</div></div></li></ol></div>
</div></div><div data-element-id="elm_6oMx01hApqz4wEf2-c-ggQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_6oMx01hApqz4wEf2-c-ggQ"].zpelem-divider{ border-radius:1px; } </style><style> [data-element-id="elm_6oMx01hApqz4wEf2-c-ggQ"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_6oMx01hApqz4wEf2-c-ggQ"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_2TXDZbunoj9dsSCF06ID1Q" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_2TXDZbunoj9dsSCF06ID1Q"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_2TXDZbunoj9dsSCF06ID1Q"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_2TXDZbunoj9dsSCF06ID1Q"].zpelem-heading { border-radius:1px; } } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-center zpheading-align-tablet-center " data-editor="true">Video of the month</h2></div>
<div data-element-id="elm_hlIHUsFzXtOZhsIqu9lEBg" data-element-type="video" class="zpelement zpelem-video "><style type="text/css"> @media (max-width: 767px) { [data-element-id="elm_hlIHUsFzXtOZhsIqu9lEBg"].zpelem-video iframe.zpvideo{ width:560px !important; height:315px !important; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_hlIHUsFzXtOZhsIqu9lEBg"].zpelem-video iframe.zpvideo{ width:560px !important; height:315px !important; } } </style><div class="zpvideo-container zpiframe-align-center zpiframe-mobile-align-center zpiframe-tablet-align-center"><iframe class="zpvideo " width="560" height="315" src="//www.youtube.com/embed/pbEZxHrExKo?enablejsapi=1" frameborder="0" allowfullscreen id=youtube-video-1 data-api=youtube></iframe></div>
</div><div data-element-id="elm_a14XLfgy0A3avT_xloH0yA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_a14XLfgy0A3avT_xloH0yA"].zpelem-text { font-family:'Roboto',sans-serif; font-size:12px; font-weight:400; border-radius:1px; } [data-element-id="elm_a14XLfgy0A3avT_xloH0yA"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:12px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_a14XLfgy0A3avT_xloH0yA"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_a14XLfgy0A3avT_xloH0yA"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><span><span style="font-style:italic;"></span><div><span style="font-style:italic;"><div><span style="color:inherit;"><span style="color:inherit;"><h1 style="font-weight:700;"><div><div></div></div></h1><div><div><span style="font-weight:bold;">Sovereignty Brief Ep 1 -</span><span style="font-weight:700;">Who's holding your keys?</span></div><div><span style="color:inherit;">Bisher Khudeira and Michael <span>Milmeister</span></span></div></div></span></span></div>
</span></div></span></div></div></div></div><div data-element-id="elm_F2fzC7uNsB1hqRb-UwndYQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_F2fzC7uNsB1hqRb-UwndYQ"].zpelem-divider{ border-radius:1px; } </style><style> [data-element-id="elm_F2fzC7uNsB1hqRb-UwndYQ"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_F2fzC7uNsB1hqRb-UwndYQ"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_ZH6QSkrjacr9KRUryYw8Jw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_ZH6QSkrjacr9KRUryYw8Jw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div><span></span></div></div><span><span><span><span><span><span><span><span><span><span><span><span>Education: The 200 Week Moving Average</span></span></span></span></span></span></span></span></span></span></span><br/></span></h2></div>
<div data-element-id="elm_eGqdqrHEBx5NrGVGGm_Pbg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_eGqdqrHEBx5NrGVGGm_Pbg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_eGqdqrHEBx5NrGVGGm_Pbg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_eGqdqrHEBx5NrGVGGm_Pbg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_eGqdqrHEBx5NrGVGGm_Pbg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div></div><div><div></div><div><div></div><div><div><div><div><div>If you have been following Bitcoin through June, you will have seen a lot of commentary about something called the 200 week moving average. It has been mentioned constantly, and for good reason, Bitcoin spent much of this month right on top of it. So what is it, and why does everyone care so much?</div><br/><div>Let's start simple. A moving average is just the average price of something over a set period of time. If you wanted to know Bitcoin's average price over the last ten days, you would add up the closing price from each of those days and divide by ten. That gives you a number, the average. Do the same calculation every day, updating it as new prices come in, and you get a line on a chart that smooths out the daily ups and downs and shows you the general direction things are heading.</div><br/><div>The 200 week moving average does exactly that, but instead of using daily prices, it uses weekly prices, and instead of ten periods, it uses 200. That means it is calculating the average price of Bitcoin across the last 200 weeks, which works out to nearly four years of data in a single number.</div><br/><div>Because it covers so much history, the line moves very slowly. It does not react to Bitcoin having a bad day, or even a bad month. It only really shifts when Bitcoin has been going in a particular direction for a long time. That makes it one of the most reliable tools for understanding where Bitcoin sits in its long term cycle, as opposed to its short term noise.</div></div></div></div></div><div></div></div><div></div></div><div></div></div>
</div><div data-element-id="elm_8Kv260ort1d25c4AT1yepQ" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_8Kv260ort1d25c4AT1yepQ"] .zpimage-container figure img { width: 698px ; height: 258.70px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/200wSMA%20btc.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_U3CNF32vF1HVQOB9YMYVAQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_U3CNF32vF1HVQOB9YMYVAQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:12px; font-weight:400; border-radius:1px; } [data-element-id="elm_U3CNF32vF1HVQOB9YMYVAQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:12px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_U3CNF32vF1HVQOB9YMYVAQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_U3CNF32vF1HVQOB9YMYVAQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div><div>Source:<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/b3xm73ie/" title="https://www.tradingview.com/x/b3xm73ie/ " rel="">https://www.tradingview.com/x/b3xm73ie/&nbsp;</a></span></div></div>
</div></div></div></div><div data-element-id="elm_GhWPoJy6k-2oyPfGR1ki_A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_GhWPoJy6k-2oyPfGR1ki_A"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_GhWPoJy6k-2oyPfGR1ki_A"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_GhWPoJy6k-2oyPfGR1ki_A"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_GhWPoJy6k-2oyPfGR1ki_A"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div></div><div><div></div><div><div><span><div><div>On June 4, Bitcoin tagged this line for the first time in this current cycle, with the moving average sitting near $62,600. That is why June felt significant to a lot of people watching the market. It was not just another bad month, it was Bitcoin arriving at the level that has historically signalled a floor.</div><br/><div>The important thing to understand is that the 200 week moving average is not a guarantee. It is a pattern, not a rule. After breaching the line in June 2022, Bitcoin spent roughly 16 months below it before recovering. Touching it does not automatically mean the bottom is in. What it does mean is that Bitcoin has entered the kind of territory where, historically, patient long term buyers have been rewarded.</div><br/><div>The cleanest signal to watch for is a weekly candle closing back above the line after touching it. That reclaim, price dipping to the average and then recovering above it, is what has marked the start of the next recovery in previous cycles.</div><br/><div>For anyone who is relatively new to Bitcoin and feeling anxious watching the price sit in the high $50,000s and low $60,000s, the 200 week moving average is the context that matters most right now. It is not a reason to panic. If anything, it is the level where the most experienced long term holders in the market tend to get interested.</div></div></span></div><div></div></div><div></div></div><div></div></div>
</div><div data-element-id="elm_2DibpTIMYTC8ShPCB9uPBQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_2DibpTIMYTC8ShPCB9uPBQ"].zpelem-divider{ border-radius:1px; } </style><style> [data-element-id="elm_2DibpTIMYTC8ShPCB9uPBQ"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_2DibpTIMYTC8ShPCB9uPBQ"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_fiYJv6yQzkDSt3IYmGH7CQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_fiYJv6yQzkDSt3IYmGH7CQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div></div>
</div></div><div data-element-id="elm_d6ideO4wF8LBtXMi3q3PoA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_d6ideO4wF8LBtXMi3q3PoA"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_d6ideO4wF8LBtXMi3q3PoA"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_d6ideO4wF8LBtXMi3q3PoA"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_d6ideO4wF8LBtXMi3q3PoA"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div><span style="font-style:italic;">Written by Alexandar Artis</span></div></div></div>
</div><div data-element-id="elm_Oq0cSeyRI_q_roYnB3bxGA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Oq0cSeyRI_q_roYnB3bxGA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true">Start Your Brokerage Account</h2></div>
<div data-element-id="elm_SFe1OSbo-cJCLQgrVBUpEQ" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_SFe1OSbo-cJCLQgrVBUpEQ"].zpelem-buttonicon{ border-radius:1px; } </style><div class="zpbutton-container zpbutton-align-center zpbutton-align-mobile-center zpbutton-align-tablet-center "><style type="text/css"></style><a class="zpbutton-wrapper zpbutton zpbutton-type-primary zpbutton-size-lg zpbutton-style-none zpbutton-full-width zpbutton-icon-align-left " href="https://www.stormrake.com/trade/start?ref=research" target="_blank" title="https://www.stormrake.com/trade/start?ref=research"><span class="zpbutton-icon "><svg viewBox="0 0 512 512" height="512" width="512" xmlns="http://www.w3.org/2000/svg"><path d="M432,320H400a16,16,0,0,0-16,16V448H64V128H208a16,16,0,0,0,16-16V80a16,16,0,0,0-16-16H48A48,48,0,0,0,0,112V464a48,48,0,0,0,48,48H400a48,48,0,0,0,48-48V336A16,16,0,0,0,432,320ZM488,0h-128c-21.37,0-32.05,25.91-17,41l35.73,35.73L135,320.37a24,24,0,0,0,0,34L157.67,377a24,24,0,0,0,34,0L435.28,133.32,471,169c15,15,41,4.5,41-17V24A24,24,0,0,0,488,0Z"></path></svg></span><span class="zpbutton-content">Get Started</span></a></div>
</div><div data-element-id="elm_wjEBIJBjPRSQTa6l7DtBFA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_wjEBIJBjPRSQTa6l7DtBFA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p><span style="color:rgb(0, 0, 0);">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.</span></p></div>
</div><div data-element-id="elm_7cgZ4QHJrw08GnL8LMJeig" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_7cgZ4QHJrw08GnL8LMJeig"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_IlYF7p-x-Rko5HvUtIF_4Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_IlYF7p-x-Rko5HvUtIF_4Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><h4 style="font-weight:bold;text-align:center;">No Advice Warning&nbsp;</h4><div><div>The information in this newsletter is general only.&nbsp;It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.</div><div>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.&nbsp;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.</div></div>&nbsp;<h4 style="font-weight:bold;text-align:center;">Disclaimer&nbsp;</h4>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.<br/><br style="text-align:center;"/><span style="text-align:center;">Copyright © 2026 Stormrake Pty Ltd, All rights reserved</span></div></div>
</div></div></div></div></div><div data-element-id="elm_V8WcIVYjyiBpGcRRhGTxeQ" data-element-type="section" class="zpsection zpdefault-section zpdefault-section-bg "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_Jxx2KNFKJzrFqExqNPImNg" data-element-type="row" class="zprow zprow-container zpalign-items-flex-start zpjustify-content-flex-start " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_Aki8dkk2XEMVdcWgIsOaJw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- zpdefault-section zpdefault-section-bg "><style type="text/css"></style></div>
</div></div></div></div> ]]></content:encoded><pubDate>Wed, 01 Jul 2026 17:53:59 +1000</pubDate></item><item><title><![CDATA[The Market Timing Paradox]]></title><link>https://www.stormrake.com/blogs/post/the-market-timing-paradox</link><description><![CDATA[“Started from the (top), now we’re here”]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw" data-element-type="section" class="zpsection zpdefault-section zpdefault-section-bg "><style type="text/css"> [data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ" data-element-type="row" class="zprow zprow-container zpalign-items-flex-start zpjustify-content- " data-equal-column="false"><style type="text/css"> [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } </style><div data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } </style><div data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_STD7LhlX-srFPp8dZmvplQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here:</span><span style="text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_k05mspjGWGmvTdvPvVhryg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_DENOGueRwazdBNe-tb9zJQ" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_DENOGueRwazdBNe-tb9zJQ"] .zpimage-container figure img { width: 698px ; height: 375.37px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/market%20timing%20paradox.jpg" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div>In the arena of digital asset allocation, market participants frequently fall victim to a classic cognitive trap: the pursuit of perfect execution at the expense of macro positioning. This phenomenon usually manifests as investors sitting on the sidelines, waiting for a minor pullback to optimise their entry price while ignoring the broader secular trajectory.</div><div><br/></div><div>When analysing an asset with an asymmetric return profile, this hyper focus on short term price fluctuations represents a fundamental misunderstanding of risk management.</div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_B-cAgxbP-BbD358NjwtewQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span></span></span><span><span></span><span>The Three Possible Outcomes<br/></span></span></span></span></h4></div>
<div data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><p></p><div><p></p><div><div><p><span>To understand the mathematical inefficiency of waiting for lower prices during a secular expansion, we can look at three distinct outcomes for an investor looking to secure a full unit allocation, assuming a current spot price of $60,000 (give or take) and a conservative long term target of $400,000 within a decade from now.</span></p><ul><li><p><strong>The Optimal Timing Outcome:</strong></p><p><span>The investor correctly forecasts a local retracement, and the price drops to $45,000. Capital is successfully deployed at the absolute bottom. When the asset eventually achieves its ten year macro target of $400,000, the total return equates to $355,000. In this best case scenario, perfect market timing saved the allocator exactly $15,000.</span></p></li><li><p><strong>The Sidelined Capital Outcome:</strong></p><p><span>The anticipated retracement fails to materialise. The market maintains its upward trajectory, leaving the hesitant investor with zero allocation. Regardless of how high the price climbs over the next ten years, the realised return remains exactly zero. The opportunity cost is the entire macro expansion.</span></p></li><li><p><strong>The Pragmatic Allocation Outcome:</strong></p><p><span>The investor rejects the timing game and deploys capital at the current market price of $60,000. When the asset reaches $400,000, the total return is $340,000. By paying a temporary market premium, the investor has guaranteed exposure to the macro trend.</span></p></li></ul></div></div><p></p></div><p></p></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_ISd6DTcMMcvEkPBDVpRG0Q" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>Asymmetry of Choice</span><br/></span></span></span></h4></div>
<div data-element-id="elm_CQWd27miwBLgOUPAJ3UViA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_CQWd27miwBLgOUPAJ3UViA"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_CQWd27miwBLgOUPAJ3UViA"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_CQWd27miwBLgOUPAJ3UViA"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_CQWd27miwBLgOUPAJ3UViA"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div><div>When these scenarios are compared side by side, the structural flaw of waiting on the sidelines becomes obvious.</div><div><br/></div><div>In the absolute best case scenario, successful market timing saves an investor a marginal $15,000. In the worst case scenario, the pursuit of that minor saving costs the investor an entire lifetime allocation.</div><div><br/></div><div>The math demonstrates that the downside of being wrong vastly outweighs the upside of being right. Trying to time a highly volatile asset class to save a small fraction of capital introduces a catastrophic risk: missing the generation defining move entirely.</div></div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_oTUZ4lnG2aSEpx5GC9mslw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>Execution and Forward Positioning</span><br/></span></span></span></h4></div>
<div data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_nwUeuSFIgWpp7gBtgNU7YQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div>Securing direct spot property is an exercise in managing probability rather than predicting exact local coordinate bottoms. For allocators focused on multi year wealth preservation, the priority must always be securing unencumbered exposure to absolute scarcity rather than risking complete exclusion for a minimal discount.</div><br/><div>The professional trading desk at Stormrake remains fully prepared to assist with large scale spot execution models, allowing market participants to establish strategic positions under true market conditions without the friction of the timing paradox.</div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_mzI-a44rnG8iJbmK0CPfQw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h3
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><span><span><span><span><span><span></span></span></span></span></span></span><span><span>Stormrake Spotlight: Pax Gold (PAXG) ($<span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span>4,004</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>)</span><br/></span><span style="color:inherit;"></span></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></h3></div><div data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg"] .zpimage-container figure img { width: 698px ; height: 383.46px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/paxg%201%20july.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q"].zpelem-text { margin-block-start:21px; } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;">&nbsp;Source:<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/mqqGFpS0/" title="https://www.tradingview.com/x/mqqGFpS0/" rel="">https://www.tradingview.com/x/mqqGFpS0/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div></div><div><div></div><div><div><div><div><div></div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div>With a marginal lower low at $3,941 overnight, PAXG’s risk versus reward at this Key Support Zone is starting to favour the bulls. Any move above $4,100 would see the beginning of a structural and meaningful relief rally, as the asset has now reached a -30% correction from the all time highs in early February - typically this is where you’d expect to see exhaustion from retail sellers in such asset classes.</div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_ct36lwoadR3sigVOFbosgg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div>BTC/USD Key Levels and Price Action:</div></div></div></h2></div>
<div data-element-id="elm_2WOspPVdhQh6azyVXf60mw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"] .zpimage-container figure img { width: 698px ; height: 261.31px ; } } [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"].zpelem-image { margin-block-start:20px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/btc%201%20july%2026.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_ldcHGeFmi0EgsTdPv-YGnA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"><div style="color:inherit;">Source:&nbsp;<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/iXLOALG2/" title="https://www.tradingview.com/x/iXLOALG2/" rel="">https://www.tradingview.com/x/iXLOALG2/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div></div></div><div><p></p><div><div></div></div></div><div><div><div><div><div></div></div></div></div></div><div><div><div><p></p><div><div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div>Bitcoin has seen increased selling momentum overnight on the smaller 1 hour timeframe, as we pushed back into the low $58,000 range. Whilst we’re still holding above the absolute low for this bear market cycle at $58,115 from last week, if sellers push through this current localised consolidation range; expect to see a quick spill over into generational opportunity that only comes once every 4 years…but remember; risk to reward has already begun to favour bulls here at these levels, don’t get too greedy waiting to save a penny at the cost of a whole dollar, folks!</div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_nmT8IgoI7tq_K500HFIIhA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here</span><span style="color:inherit;">:</span><span style="color:inherit;text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div><div><br/></div><div><div style="color:inherit;"><div><span style="font-style:italic;">*All prices are denominated in USD unless stated otherwise*</span></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div><div><div><div style="font-size:12px;"><p><span style="font-style:italic;color:rgb(1, 58, 81);">Written by James Ryan</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true">Create a brokerage account today</h2></div>
<div data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA"].zpelem-buttonicon{ border-radius:1px; } </style><div class="zpbutton-container zpbutton-align-center zpbutton-align-mobile-center zpbutton-align-tablet-center "><style type="text/css"></style><a class="zpbutton-wrapper zpbutton zpbutton-type-primary zpbutton-size-lg zpbutton-style-none zpbutton-full-width zpbutton-icon-align-left " href="https://www.stormrake.com/trade/start?ref=research" target="_blank"><span class="zpbutton-icon "><svg viewBox="0 0 512 512" height="512" width="512" xmlns="http://www.w3.org/2000/svg"><path d="M432,320H400a16,16,0,0,0-16,16V448H64V128H208a16,16,0,0,0,16-16V80a16,16,0,0,0-16-16H48A48,48,0,0,0,0,112V464a48,48,0,0,0,48,48H400a48,48,0,0,0,48-48V336A16,16,0,0,0,432,320ZM488,0h-128c-21.37,0-32.05,25.91-17,41l35.73,35.73L135,320.37a24,24,0,0,0,0,34L157.67,377a24,24,0,0,0,34,0L435.28,133.32,471,169c15,15,41,4.5,41-17V24A24,24,0,0,0,488,0Z"></path></svg></span><span class="zpbutton-content">Get Started</span></a></div>
</div><div data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><h4 style="font-weight:bold;text-align:center;">No Advice Warning&nbsp;</h4><div><div>The information in this newsletter is general only.&nbsp;It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.</div><div>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.&nbsp;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.</div></div>&nbsp;<h4 style="font-weight:bold;text-align:center;">Disclaimer&nbsp;</h4>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.<br/><br style="text-align:center;"/><span style="text-align:center;">Copyright © 2024 Stormrake Pty Ltd, All rights reserved</span></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Wed, 01 Jul 2026 17:26:36 +1000</pubDate></item><item><title><![CDATA[Onchain Series Part IV: Reserve Risk: The Conviction of Long-Term Holders]]></title><link>https://www.stormrake.com/blogs/post/Onchain-Series-Part-IV-Reserve-Risk-The-Conviction-of-Long-Term-Holders</link><description><![CDATA[Long-term holders are refusing to sell, and the data suggests that conviction is well placed.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw" data-element-type="section" class="zpsection zpdefault-section zpdefault-section-bg "><style type="text/css"> [data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ" data-element-type="row" class="zprow zprow-container zpalign-items-flex-start zpjustify-content- " data-equal-column="false"><style type="text/css"> [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } </style><div data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } </style><div data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_STD7LhlX-srFPp8dZmvplQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here:</span><span style="text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_k05mspjGWGmvTdvPvVhryg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div>Reserve Risk is the metric that ties this series together. Where the previous three looked at valuation, sentiment and miner behaviour, Reserve Risk looks at the people who matter most in a bear market: the long-term holders who have chosen not to sell.</div><br/><div>The concept behind it is straightforward. When Bitcoin’s price is high and long-term holders are still refusing to sell, the opportunity cost of holding is significant. That confidence relative to price creates high Reserve Risk, and historically that has corresponded to cycle tops. When price is low and long-term holders continue to hold through the pain, that same confidence exists but at a fraction of the price. The risk of entering the market at that point is low relative to the potential reward. That is low Reserve Risk, and it is where the most asymmetric returns in Bitcoin’s history have been captured.</div><div><br/></div><div>Reading the chart is simple. When Reserve Risk enters the upper red band, the risk of holding or buying is historically high and the market has tended to be near a major top. When it drops to the bottom of the lower green band, the inverse is true: long-term holders are accumulating under stress, and the market has historically been near a major bottom.<br/></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_D1KLFUcnvZCzgnqPSWkDeA" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_D1KLFUcnvZCzgnqPSWkDeA"] .zpimage-container figure img { width: 698px ; height: 495.14px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/BM%20Pro%20-%20Reserve%20Risk.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_BkBK5qE-eEtAoTOPe_c8zA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_BkBK5qE-eEtAoTOPe_c8zA"].zpelem-text { margin-block-start:21px; } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;">&nbsp;Source:<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.bitcoinmagazinepro.com/charts/reserve-risk/" title="https://www.bitcoinmagazinepro.com/charts/reserve-risk/" rel="">https://www.bitcoinmagazinepro.com/charts/reserve-risk/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div><div></div><div><div>The chart makes this clear. Reserve Risk is currently sitting at the bottom of the green zone, at levels that have only been reached a handful of times across Bitcoin’s entire history. Each prior instance, without exception, has been followed by a significant recovery in price.</div><div><br/></div><div>That does not mean the bottom is confirmed. As we have said throughout this series, there is still a reasonable probability of further downside before this cycle completes its final leg. But the signal Reserve Risk is sending is unambiguous: long-term holders are not panicking. They are holding. And they are doing so at a price level where the risk of being in the market is historically low.</div><div><br/></div><div>This is the fourth metric in this series, and the fourth one telling the same story. The MVRV Z-Score showed the market is statistically undervalued. NUPL showed sentiment is deteriorating into fear. The Puell Multiple showed miners are under stress. Reserve Risk shows long-term holders are holding firm regardless. Four independent lenses, one consistent conclusion: we are in the accumulation zone. The bottom may not be in, but we are close enough that waiting on the sidelines carries its own risk.</div><div><br/></div><div>The series is complete. The data has spoken.</div></div><div></div></div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_mzI-a44rnG8iJbmK0CPfQw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h3
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><span><span><span><span><span><span></span></span></span></span></span></span><span><span>Stormrake Spotlight: Pax Gold (PAXG) ($<span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span>4,017</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>)</span><br/></span><span style="color:inherit;"></span></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></h3></div><div data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg"] .zpimage-container figure img { width: 698px ; height: 501.25px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/paxg%2030%20jun.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q"].zpelem-text { margin-block-start:21px; } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;">&nbsp;Source:<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/pIMCVwZG/" title="https://www.tradingview.com/x/pIMCVwZG/" rel="">https://www.tradingview.com/x/pIMCVwZG/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div></div><div><div></div><div><div><div><div><div></div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div>PAXG lost over 1% in the last 24 hours and is now beginning the retest of the key zone. We expect buying and support at this level, and if there is a place for the trend to reverse, it is here.</div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_ct36lwoadR3sigVOFbosgg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div>BTC/USD Key Levels and Price Action:</div></div></div></h2></div>
<div data-element-id="elm_2WOspPVdhQh6azyVXf60mw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"] .zpimage-container figure img { width: 698px ; height: 261.31px ; } } [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"].zpelem-image { margin-block-start:20px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/btc%2030%20jun%2026.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_ldcHGeFmi0EgsTdPv-YGnA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"><div style="color:inherit;">Source:&nbsp;<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/QvZvGcHE/" title="https://www.tradingview.com/x/QvZvGcHE/" rel="">https://www.tradingview.com/x/QvZvGcHE/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div></div></div><div><p></p><div><div></div></div></div><div><div><div><div><div></div></div></div></div></div><div><div><div><p></p><div><div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div>The bulls are showing they are up for the fight, reclaiming the key level at $60,100. This level is now critical in determining the next move: either another attempt at a rally or further downside continuation.</div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_nmT8IgoI7tq_K500HFIIhA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here</span><span style="color:inherit;">:</span><span style="color:inherit;text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div><div><br/></div><div><div style="color:inherit;"><div><span style="font-style:italic;">*All prices are denominated in USD unless stated otherwise*</span></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div><div><div><div style="font-size:12px;"><p><span style="font-style:italic;color:rgb(1, 58, 81);">Written by Alexandar Artis</span></p></div>
</div></div></div></div></div></div><div data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true">Create a brokerage account today</h2></div>
<div data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA"].zpelem-buttonicon{ border-radius:1px; } </style><div class="zpbutton-container zpbutton-align-center zpbutton-align-mobile-center zpbutton-align-tablet-center "><style type="text/css"></style><a class="zpbutton-wrapper zpbutton zpbutton-type-primary zpbutton-size-lg zpbutton-style-none zpbutton-full-width zpbutton-icon-align-left " href="https://www.stormrake.com/trade/start?ref=research" target="_blank"><span class="zpbutton-icon "><svg viewBox="0 0 512 512" height="512" width="512" xmlns="http://www.w3.org/2000/svg"><path d="M432,320H400a16,16,0,0,0-16,16V448H64V128H208a16,16,0,0,0,16-16V80a16,16,0,0,0-16-16H48A48,48,0,0,0,0,112V464a48,48,0,0,0,48,48H400a48,48,0,0,0,48-48V336A16,16,0,0,0,432,320ZM488,0h-128c-21.37,0-32.05,25.91-17,41l35.73,35.73L135,320.37a24,24,0,0,0,0,34L157.67,377a24,24,0,0,0,34,0L435.28,133.32,471,169c15,15,41,4.5,41-17V24A24,24,0,0,0,488,0Z"></path></svg></span><span class="zpbutton-content">Get Started</span></a></div>
</div><div data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><h4 style="font-weight:bold;text-align:center;">No Advice Warning&nbsp;</h4><div><div>The information in this newsletter is general only.&nbsp;It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.</div><div>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.&nbsp;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.</div></div>&nbsp;<h4 style="font-weight:bold;text-align:center;">Disclaimer&nbsp;</h4>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.<br/><br style="text-align:center;"/><span style="text-align:center;">Copyright © 2024 Stormrake Pty Ltd, All rights reserved</span></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Tue, 30 Jun 2026 15:45:08 +1000</pubDate></item><item><title><![CDATA[Onchain Series Part III: The Puell Multiple; What Miners Are Telling Us]]></title><link>https://www.stormrake.com/blogs/post/onchain-series-part-iii-the-puell-multiple-what-miners-are-telling-us</link><description><![CDATA[Bitcoin miners are under significant stress, and historically that has been one of the clearest signals that a cycle bottom is near.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw" data-element-type="section" class="zpsection zpdefault-section zpdefault-section-bg "><style type="text/css"> [data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ" data-element-type="row" class="zprow zprow-container zpalign-items-flex-start zpjustify-content- " data-equal-column="false"><style type="text/css"> [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } </style><div data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } </style><div data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_STD7LhlX-srFPp8dZmvplQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here:</span><span style="text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_k05mspjGWGmvTdvPvVhryg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div><div>So far in this series we have looked at valuation through the MVRV Z-Score and market sentiment through NUPL. Today we turn to miner behaviour, and specifically a metric called the Puell Multiple.</div><div><br/></div><div>To understand why miners matter, it helps to understand their position in the market. Miners are often referred to as compulsory sellers. Unlike most Bitcoin holders who can choose when to sell, miners operate with fixed costs: energy, hardware, staff. Those bills do not stop when the price drops. As a result, miners must sell a portion of their Bitcoin consistently to cover expenses, which means their revenue relative to historical norms has a direct influence on market dynamics.</div><div><br/></div><div>The Puell Multiple measures this by dividing the daily USD value of newly issued Bitcoin by the 365-day moving average of that same figure. The result is a ratio that tells you whether miners are currently generating revenue that is unusually high or unusually low relative to the past year.</div><div><br/></div><div>When the multiple is high, miner revenue is elevated well above the annual average. Historically that has coincided with Bitcoin price peaks, the periods where the market is overheated and supply pressure from miners is at its greatest. When the multiple is deep in the green zone, miner revenue has collapsed relative to the historical norm. Miners are operating under severe stress, many are running at a loss, and the weakest are being forced to shut down entirely. That environment has, in every prior cycle, marked the conditions from which Bitcoin has launched its next major recovery.</div></div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_D1KLFUcnvZCzgnqPSWkDeA" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_D1KLFUcnvZCzgnqPSWkDeA"] .zpimage-container figure img { width: 698px ; height: 495.14px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/BM%20Pro%20-%20Puell%20Multiple.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_BkBK5qE-eEtAoTOPe_c8zA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_BkBK5qE-eEtAoTOPe_c8zA"].zpelem-text { margin-block-start:21px; } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;">&nbsp;Source:<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.bitcoinmagazinepro.com/charts/puell-multiple/" title="https://www.bitcoinmagazinepro.com/charts/puell-multiple/" rel="">https://www.bitcoinmagazinepro.com/charts/puell-multiple/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_B-cAgxbP-BbD358NjwtewQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span></span><span><span><span><span><span><span>Where does the Puell Multiple sit today?</span></span></span></span></span><br/></span></span></h4></div>
<div data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div><div><div>The indicator is in or approaching the green zone, consistent with the kind of miner stress that has historically preceded cycle bottoms. This is not a coincidence. When miners capitulate, forced selling intensifies temporarily before the weakest operations drop off and supply pressure eases. What follows that clearing process has historically been a significant repricing to the upside.</div><div><br/></div><div>Three metrics in now and the picture they are painting together is consistent. Valuation is stretched to the downside, sentiment is deteriorating, and miners are under pressure. These are not the conditions of a healthy bull market. They are the conditions of a market approaching its floor. The final piece of this series will look at long-term holder behaviour through Reserve Risk, which will complete the case.</div></div></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_mzI-a44rnG8iJbmK0CPfQw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h3
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><span><span><span><span><span><span></span></span></span></span></span></span><span><span>Stormrake Spotlight: Pax Gold (PAXG) ($<span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span>4,061</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>)</span><br/></span><span style="color:inherit;"></span></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></h3></div><div data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg"] .zpimage-container figure img { width: 698px ; height: 501.25px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/PAXG%2029%20JUN.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q"].zpelem-text { margin-block-start:21px; } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;">&nbsp;Source:<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/hg8hwh3H/" title="https://www.tradingview.com/x/hg8hwh3H/" rel="">https://www.tradingview.com/x/hg8hwh3H/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div></div><div><div></div><div><div><div><div><div></div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div>PAXG is hovering just above the key zone. When markets resume this week we can expect the bears to retest that level and look to push below it.</div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_ct36lwoadR3sigVOFbosgg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div>BTC/USD Key Levels and Price Action:</div></div></div></h2></div>
<div data-element-id="elm_2WOspPVdhQh6azyVXf60mw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"] .zpimage-container figure img { width: 698px ; height: 261.31px ; } } [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"].zpelem-image { margin-block-start:20px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/btc%2029%20jun%2026.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_ldcHGeFmi0EgsTdPv-YGnA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"></div><div style="color:inherit;"></div><div style="color:inherit;"><div style="color:inherit;">Source:&nbsp;<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/Sf1aafov/" title="https://www.tradingview.com/x/Sf1aafov/" rel="">https://www.tradingview.com/x/Sf1aafov/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div></div></div><div><p></p><div><div></div></div></div><div><div><div><div><div></div></div></div></div></div><div><div><div><p></p><div><div></div></div></div></div></div><div><div><div><div><div><div><div><div><div>Bitcoin was relatively flat over the weekend, battling the key level at $60,100 before the bears ultimately came out on top. Momentum has shifted back to the downside and Bitcoin now looks to create a new lower low, with the key support at $57,700 the likely target this week.</div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_nmT8IgoI7tq_K500HFIIhA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here</span><span style="color:inherit;">:</span><span style="color:inherit;text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div><div><br/></div><div><div style="color:inherit;"><div><span style="font-style:italic;">*All prices are denominated in USD unless stated otherwise*</span></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div><div><div><div style="font-size:12px;"><p><span style="font-style:italic;color:rgb(1, 58, 81);">Written by Alexandar Artis</span></p></div>
</div></div></div></div></div></div><div data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true">Create a brokerage account today</h2></div>
<div data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA"].zpelem-buttonicon{ border-radius:1px; } </style><div class="zpbutton-container zpbutton-align-center zpbutton-align-mobile-center zpbutton-align-tablet-center "><style type="text/css"></style><a class="zpbutton-wrapper zpbutton zpbutton-type-primary zpbutton-size-lg zpbutton-style-none zpbutton-full-width zpbutton-icon-align-left " href="https://www.stormrake.com/trade/start?ref=research" target="_blank"><span class="zpbutton-icon "><svg viewBox="0 0 512 512" height="512" width="512" xmlns="http://www.w3.org/2000/svg"><path d="M432,320H400a16,16,0,0,0-16,16V448H64V128H208a16,16,0,0,0,16-16V80a16,16,0,0,0-16-16H48A48,48,0,0,0,0,112V464a48,48,0,0,0,48,48H400a48,48,0,0,0,48-48V336A16,16,0,0,0,432,320ZM488,0h-128c-21.37,0-32.05,25.91-17,41l35.73,35.73L135,320.37a24,24,0,0,0,0,34L157.67,377a24,24,0,0,0,34,0L435.28,133.32,471,169c15,15,41,4.5,41-17V24A24,24,0,0,0,488,0Z"></path></svg></span><span class="zpbutton-content">Get Started</span></a></div>
</div><div data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><h4 style="font-weight:bold;text-align:center;">No Advice Warning&nbsp;</h4><div><div>The information in this newsletter is general only.&nbsp;It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.</div><div>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.&nbsp;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.</div></div>&nbsp;<h4 style="font-weight:bold;text-align:center;">Disclaimer&nbsp;</h4>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.<br/><br style="text-align:center;"/><span style="text-align:center;">Copyright © 2024 Stormrake Pty Ltd, All rights reserved</span></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Mon, 29 Jun 2026 13:01:32 +1000</pubDate></item><item><title><![CDATA[Onchain Series Part II: NUPL: Reading the Emotions of the Market]]></title><link>https://www.stormrake.com/blogs/post/onchain-series-part-ii-nupl-reading-the-emotions-of-the-market</link><description><![CDATA[NUPL gives us a direct window into the emotional state of the Bitcoin market, and right now it is telling a familiar story.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw" data-element-type="section" class="zpsection zpdefault-section zpdefault-section-bg "><style type="text/css"> [data-element-id="elm_vi6FMTpvTeOlz5TAxnWlxw"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ" data-element-type="row" class="zprow zprow-container zpalign-items-flex-start zpjustify-content- " data-equal-column="false"><style type="text/css"> [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_5SCl8CT3RTuqvMdSRa8WjQ"].zprow{ border-radius:1px; } } </style><div data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_lSOVJEiIRjuttnpv4QvbSw"].zpelem-col{ border-radius:1px; } } </style><div data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_J8RDqbROrqnK3YWCtPk2Tw"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_STD7LhlX-srFPp8dZmvplQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_STD7LhlX-srFPp8dZmvplQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here:</span><span style="text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_k05mspjGWGmvTdvPvVhryg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_k05mspjGWGmvTdvPvVhryg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_6Kgmz8LOkU2mhTiL21WhTg"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div>This is a metric we have not covered before in the Morning Note, so let us start from the ground up.</div><br/><div>NUPL stands for Net Unrealised Profit/Loss. Like the MVRV Z-Score we covered last time, it is built on Market Value and Realised Value. Subtracting Realised Value from Market Value gives you the total unrealised profit or loss held across the entire market. Divide that by market cap and you have NUPL, a normalised ratio that can be compared consistently across Bitcoin’s history regardless of price level.</div><br/><div>What makes it particularly useful is what it represents in human terms. It is a direct reading of the emotional state of the market.</div><br/><div>When the ratio is high, the average holder is sitting on substantial paper profit, which has historically corresponded to the greed and overconfidence that precedes major tops. When it turns negative, the average holder is underwater, and that has historically corresponded to the fear and capitulation that precedes major recoveries.</div><div><br/></div><div>The chart colour-codes these zones to reflect the dominant sentiment at each level: from euphoria and greed at the top end, through optimism and hope in the middle, down into anxiety, fear and capitulation at the bottom. Each of those zones has historically mapped closely to specific stages of the Bitcoin market cycle.<br/></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_D1KLFUcnvZCzgnqPSWkDeA" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_D1KLFUcnvZCzgnqPSWkDeA"] .zpimage-container figure img { width: 698px ; height: 495.14px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/BM%20Pro%20-%20NUPL.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_B-cAgxbP-BbD358NjwtewQ" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h4
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span></span><span><span><span><span><span>Where does NUPL sit today?</span></span></span></span><br/></span></span></h4></div>
<div data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_FBC_g9BH1kLagF6CHLI8Xw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><p></p><div><div>The indicator is currently in the fear zone and trending towards capitulation. Historically every period spent within these lower bands, whether fear or full capitulation, has represented a strong accumulation window. There may be further downside ahead, and if capitulation is reached it will likely present an even deeper opportunity, but waiting for that moment is not a strategy. The window is open now, and those who act within it rather than wait for a signal that may never feel comfortable have consistently been the ones best positioned for the recovery.</div><br/><div>What this does tell us is that we are entering the part of the cycle where the emotional environment begins to work in the disciplined investor’s favour. The majority of holders are at or below their entry price, sentiment is deteriorating and conviction is being tested. There is a real possibility of additional downside and that should not be dismissed. But in every prior cycle, this is the zone where the most durable long-term positions were built.</div><div><br/></div><div>The MVRV Z-Score told us the market is statistically undervalued relative to its own history. NUPL tells us why that tends to be the case at these moments: because sentiment has deteriorated to a point where most participants are either holding at a loss or have already sold. The people still selling now are not selling because the fundamentals are bad. They are selling because the feeling is bad. And that distinction is everything.</div><br/><div>Two metrics in, and they are telling the same story. We are closer to the end than the beginning.<br/></div></div><p></p></div><div><div><div><p></p></div><div></div></div><p></p></div>
<div><p></p></div><div><div></div></div><div></div></div></div><div data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_9ibxHI_bCG5Io4uHpjQugA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_mzI-a44rnG8iJbmK0CPfQw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h3
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><span><span><span><span><span><span></span></span></span></span></span></span><span><span>Stormrake Spotlight: Pax Gold (PAXG) ($<span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span><span>4,023</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span>)</span><br/></span><span style="color:inherit;"></span></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></h3></div><div data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_cBSLbSHjYJGxorY2lFkiqg"] .zpimage-container figure img { width: 698px ; height: 383.46px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/PAXG%2026%20JUN.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_PtTPXLDXHOfEjVnef1M35Q"].zpelem-text { margin-block-start:21px; } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;">&nbsp;Source:<span style="font-style:italic;text-decoration-line:underline;"><a href="https://www.tradingview.com/x/frfnaawd/" title="https://www.tradingview.com/x/frfnaawd/" rel="">https://www.tradingview.com/x/frfnaawd/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_tfw0k6ND52MMW3VHOuR6Hw"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div></div><div><div></div><div><div><div><div><div></div></div></div></div></div></div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div>PAXG has retraced back to the key zone at $4,000 as expected. We anticipate this level to provide support and further bounces before the next move is decided.</div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_ct36lwoadR3sigVOFbosgg" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_ct36lwoadR3sigVOFbosgg"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_TuqQKCkeH_7qKaB2rKLFhQ"].zpelem-heading { border-radius:1px; } } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div>BTC/USD Key Levels and Price Action:</div></div></div></h2></div>
<div data-element-id="elm_2WOspPVdhQh6azyVXf60mw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"] .zpimage-container figure img { width: 698px ; height: 261.31px ; } } [data-element-id="elm_2WOspPVdhQh6azyVXf60mw"].zpelem-image { margin-block-start:20px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/BTC%2026%20JUN%2026.png" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_ldcHGeFmi0EgsTdPv-YGnA" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;">Source:&nbsp;<span style="text-decoration-line:underline;font-style:italic;"><a href="https://www.tradingview.com/x/5Lld2WO7/" title="https://www.tradingview.com/x/5Lld2WO7/" rel="">https://www.tradingview.com/x/5Lld2WO7/</a></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div></div></div></div></div></div><div data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_G6kzo5-p0so1s1mkXKLDcQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div></div></div><div><p></p><div><div></div></div></div><div><div><div><div><div></div></div></div></div></div><div><div><div><p></p><div><div></div></div></div></div></div><div><div><div><div><div><div><div>Bitcoin has made another lower low, losing nearly 5% in a single hour overnight. The bears continue to flex their muscles, pushing BTC lower at every opportunity. The key $60,000 level has now flipped to resistance as Bitcoin looks to move lower.</div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_nmT8IgoI7tq_K500HFIIhA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_nmT8IgoI7tq_K500HFIIhA"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; border-radius:1px; } [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text :is(h1,h2,h3,h4,h5,h6){ font-family:'Roboto',sans-serif; font-size:16px; font-weight:400; } @media (max-width: 767px) { [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_Gm4mincmIWKcPvsFd1M7Ug"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><div style="color:inherit;"><div style="color:inherit;"><div style="color:inherit;"><div><span style="color:inherit;">To receive the Morning Note in your inbox, subscribe here</span><span style="color:inherit;">:</span><span style="color:inherit;text-decoration-line:underline;">&nbsp;<a href="https://stormrake.substack.com/" title="https://stormrake.substack.com/" rel="">https://stormrake.substack.com/</a></span></div></div></div></div></div><div><br/></div><div><div style="color:inherit;"><div><span style="font-style:italic;">*All prices are denominated in USD unless stated otherwise*</span></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div><div data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"></style><style> [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:after, [data-element-id="elm_FTh2yDYMHDQnNzVO2PIRGQ"] .zpdivider-container .zpdivider-common:before{ border-color:#013A51 } </style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } @media (max-width: 767px) { [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } @media all and (min-width: 768px) and (max-width:991px){ [data-element-id="elm_qW2LQxOUt6Ir7DRsQrbqnQ"].zpelem-text { border-radius:1px; } } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div><div><div><div><div style="font-size:12px;"><p><span style="font-style:italic;color:rgb(1, 58, 81);">Written by Alexandar Artis</span></p></div>
</div></div></div></div></div></div><div data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Xj0U9N_X2It2w0ATCZ-WDw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true">Create a brokerage account today</h2></div>
<div data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA" data-element-type="buttonicon" class="zpelement zpelem-buttonicon "><style> [data-element-id="elm_uBqqr9HxuDHUg77dx5BKZA"].zpelem-buttonicon{ border-radius:1px; } </style><div class="zpbutton-container zpbutton-align-center zpbutton-align-mobile-center zpbutton-align-tablet-center "><style type="text/css"></style><a class="zpbutton-wrapper zpbutton zpbutton-type-primary zpbutton-size-lg zpbutton-style-none zpbutton-full-width zpbutton-icon-align-left " href="https://www.stormrake.com/trade/start?ref=research" target="_blank"><span class="zpbutton-icon "><svg viewBox="0 0 512 512" height="512" width="512" xmlns="http://www.w3.org/2000/svg"><path d="M432,320H400a16,16,0,0,0-16,16V448H64V128H208a16,16,0,0,0,16-16V80a16,16,0,0,0-16-16H48A48,48,0,0,0,0,112V464a48,48,0,0,0,48,48H400a48,48,0,0,0,48-48V336A16,16,0,0,0,432,320ZM488,0h-128c-21.37,0-32.05,25.91-17,41l35.73,35.73L135,320.37a24,24,0,0,0,0,34L157.67,377a24,24,0,0,0,34,0L435.28,133.32,471,169c15,15,41,4.5,41-17V24A24,24,0,0,0,488,0Z"></path></svg></span><span class="zpbutton-content">Get Started</span></a></div>
</div><div data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA" data-element-type="divider" class="zpelement zpelem-divider "><style type="text/css"> [data-element-id="elm_vQTdmMbgZ3NhgkPjI9pDBA"].zpelem-divider{ border-radius:1px; } </style><style></style><div class="zpdivider-container zpdivider-line zpdivider-align-center zpdivider-align-mobile-center zpdivider-align-tablet-center zpdivider-width100 zpdivider-line-style-solid "><div class="zpdivider-common"></div>
</div></div><div data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_rhvZEc8bZNd8WUyCQF9M0Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="color:inherit;"><h4 style="font-weight:bold;text-align:center;">No Advice Warning&nbsp;</h4><div><div>The information in this newsletter is general only.&nbsp;It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.</div><div>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.&nbsp;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.</div></div>&nbsp;<h4 style="font-weight:bold;text-align:center;">Disclaimer&nbsp;</h4>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.<br/><br style="text-align:center;"/><span style="text-align:center;">Copyright © 2024 Stormrake Pty Ltd, All rights reserved</span></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Fri, 26 Jun 2026 15:31:16 +1000</pubDate></item></channel></rss>