Eric Trump says, “Buy Bitcoin’s retreat,” but is it the time? star-news.press/wp

Main meals

BTC struggles with weak ETF flows and total opposite winds. Erik Trump’s “Dip” call repeats a half nerve, but it lacks a strong confirmation, making it a risky bet.

Eric Trump has just told his followers.Purchase“But does anyone really pay attention?

Timing, it’s interesting. Its calls such as Bitcoin (BTC) reach nuclear weapons that are less than a seal area of $ 117,000-120 thousand dollars, and print clean clouds of 3.76 % on the past three daily candle.

But the miniaturization to the monthly graph, and the August strike rate is not great.

A losing month with rare extremist values

BTC Red was in 60 % of the end of August 12. It is usually a month after running, and the power of July often fades The depth of giving also reduces the disciplines.

Source: Coinglass

However, one major difference is highlighted to a careful examination.

In 2013, 2017 and 2021, BTC rupture double -number gains in August. The common topic? All of them were after half.

Source: Glassnode

These are courses where Version 50 % decreased, and the width side decreased.

Structurally, this means that BTC is less hit by the tape at a time when the appetite of the risk is often rotated. In this context, is Eric Trump’s call more than just speculation?

Can BTC’s August Mirror reflect the previous half years?

Historically, the Eric Trump encrypted calls have been hit or missed.

Example of this: February 25. for him tweet BTC fell was about $ 90,000, and the price pressed by 6.6 % on the following four sessions.

But this step lacks follow -up. The momentum faded quickly, and the BTC was strongly reflected, as it was thrown 77 thousand dollars in one week, as the successive references flowed millions in the similar phase.

Source: TradingView (BTC/USDT)

Moreover, ETFS BTC was printed The worst quarterly flows However, approximately $ 800 million is outside the door. This is the biggest bleeding since February, when external flows crossed one billion dollars.

Macro does not help either. Unlike previous sessions, these courses covered with accumulated tariffs, sticky work prints, and zero clarity on the axis of the Federal Reserve, wanders around the appetite of the total risks.

Thus, $ 120,000 is formed as a local summit. Through weak flows and total pressure construction, the usual August pressure appears after half unlikely, making Eric Trump “buy” calling for a risky bet.