Michael Saylor has flashed the tell-tale sign for an incoming Bitcoin purchase for MicroStrategy. The incoming purchase will be a massive haul for MicroStrategy, with investors jockeying for positions ahead of the market-moving announcement.
Michael Saylor Hints At Incoming Bitcoin Acquisition
MicroStrategy has its sights on a fresh Bitcoin purchase in the coming days after company CEO Michael Saylor hinted at an incoming acquisition. Saylor shared MicroStrategy’s portfolio tracker in an X post, a tell-tale sign typically preceding a Bitcoin purchase announcement.
Michael Saylor’s post was accompanied by a caption hinting at increased buying activity by the software firm. The latest hint follows Saylor’s plans to raise $84B for Bitcoin purchases via stock sales to fund its acquisition spree.
“Too much blue, not enough orange,” said Michael Saylor in an X post.
According to the portfolio tracker, MicroStrategy holds 553,555 BTC worth $52.8 billion at currency prices. Given fresh capital raises, investors are rippling with enthusiasm that the incoming purchase will be the largest by MicroStrategy.
While the incoming purchase is poised to push MicroStrategy’s holdings closer to 600K, the software company holds over 2% of Bitcoin’s total supply. Furthermore, the purchase may see MicroStrategy leapfrog BlackRock in the race to 1 million Bitcoin.
Will The Purchase Move The Markets?
Barely hours after Michael Saylor shared the portfolio tracker with the caption, BTC price climbed by nearly 3%. An actual purchase will send prices on a rally akin to previous BTC acquisition announcements by MicroStrategy.
Bitcoin price has traded sideways for over a week, and markets are eyeing strong fundamentals to power a push to $100,000. Crypto analyst Javon Marks is eyeing a BTC rally to set prices toward $116,652, but it is unclear if MicroStrategy’s purchase will power the rally.
“As for Bitcoin’s target at $116,652, it goes unchanged and prices have made monumental progress in a recovery recently towards it,” said Marks.
Bitcoin trades at $95,000 with indicators pointing northward toward $100K in search of a catalyst to trigger a rally. However, Robert Kiyosaki and Arthur Hayes have predicted the Bitcoin price to $1 million, but Michael Saylor says he will “forever buy the top.”
Ethereum is gaining serious attention in 2025, and not just from retail investors. Tom Lee, Managing Partner at Fundstrat and well-known Bitcoin supporter, now believes that Ethereum could become the most important macro trade of the next ten years.
As crypto adoption grows in traditional finance circles, Lee’s latest remarks reflect a shift in sentiment toward Ethereum’s long-term value.
Bitcoin Dominates Headlines, But Ethereum Steals the Spotlight
— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) July 29, 2025
Lee made his comments shortly after Michael Saylor’s firm, Strategy, made waves by purchasing 21,021 BTC worth $2.46 billion. This brings their total holdings to a staggering 628,791 BTC, now valued at over $74 billion. While Lee echoed Saylor’s iconic line “Bitcoin is the way,” he followed it up with a stronger endorsement of Ethereum.
In a direct response to an X user, he remarked that ETH is probably the most important macro trade for the next decade.
ETH is probably the most important macro trade for next decade my friend
— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) July 29, 2025
Tom Lee’s Bitcoin Price Predictions Are Still in Play
Despite his newfound focus on Ethereum, Lee remains bullish on Bitcoin. He believes Bitcoin could eventually hit between $2 million and $3 million per coin, arguing that BTC could rival or even surpass gold in market value. For this year, he sees Bitcoin reaching as high as $250,000, especially if the Federal Reserve begins cutting interest rates, as many expect.
Ethereum’s Usefulness Will Grow
Back in June, Lee urged his X followers to hold both BTC and ETH, highlighting a belief in the continued growth of utility and real-world use cases for both. At present, Bitcoin trades near $118,276, while Ethereum hovers at $3,794.
Lee’s ETH praise comes at a time when Ethereum is gaining traction among institutions, especially with the rise of tokenization, ETH staking, and L2 scaling solutions.
Spot On Chain recently highlighted that a major Ethereum whale, address “0x720,” closed a long trade and secured $6 million in profits. Rather than cashing out, the whale withdrew $12.68 million from HyperLiquid, sent it to Binance, and bought 2,000 ETH at $3,839. The move shows that smart money continues to pour into Ethereum, even during short-term price swings.
Adding to the optimism, many public companies are also stacking ETH. SharpLink Gaming currently leads with 360,807 ETH, followed by Bitmine Immersion with 300,657 ETH, and Coinbase with 137,300 ETH. Ethereum is gaining ground as a key asset for long-term institutional portfolios.
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Ethereum is gaining serious attention in 2025, and not just from retail investors. Tom Lee, Managing Partner at Fundstrat and well-known Bitcoin supporter, now believes that Ethereum could become the most important macro trade of the next ten years. As crypto adoption grows in traditional finance circles, Lee’s latest remarks reflect a shift in sentiment …
As July comes to an end, several significant developments in the Bitcoin (BTC) market have emerged. Notably, profit-taking pressure has resurfaced in the final week of the month, raising concerns about a potential turning point in August.
Based on analysis from market experts and on-chain data, four main sources of selling pressure could soon shape Bitcoin’s trajectory. Let’s explore each factor in detail.
1. Profit-Taking from Reawakened “Dormant Whale” Wallets
Bitcoin price and inflow/outflow activity from the Galaxy Digital wallet. Source: CryptoQuant
CryptoQuant data shows that large outflows from Galaxy Digital wallets often coincide with Bitcoin price corrections. On July 29, LookonChain continued to detect more outflows, sparking fears of another sell-off.
“Is Galaxy Digital helping clients sell BTC again? In the past 12 hours, Galaxy Digital has transferred out another 3,782 BTC ($447 million), most of which went to exchanges,” LookonChain reported.
Moreover, BeInCrypto reported that two additional dormant wallets—inactive for 6 to 14 years—have become active. SpotOnChain recently reported three dormant whale wallets, possibly tied to a single entity, that moved 10,606 BTC ($1.26 billion) after 3–5 years of inactivity.
An increasing number of awakened whale wallets appear to add selling pressure heading into August.
2. Signs of Selling Pressure from Long-Term Holders
The second source of selling pressure is from Long-Term Holders (LTHs), who are often considered the backbone of the Bitcoin market.
According to a CryptoQuant report, LTHs began withdrawing funds as BTC hovered around the $120,000 mark at the end of July. This behavior may reflect a cautious mindset, where many investors prefer to lock in profits rather than continue holding through potential volatility.
Bitcoin Long-Term Holder Net Position Change. Source: CryptoQuant
“Long-term holders (LTHs) have started to turn net negative right at the $120K resistance — a historically important psychological level. This shift suggests that some investors who’ve held through previous cycles might be starting to realize profits,” analyst Burakkesmeci noted.
In Q1 2025, negative net positions from long-term holders helped drag BTC below $75,000. If this group continues to sell, it could create significant selling pressure, increasing the risk of a strong correction in August.
3. Miner Outflows Are Increasing
The third factor is rising miner outflows — a key indicator of selling pressure from Bitcoin miners.
CryptoQuant data shows that throughout July, BTC outflows from miner wallets started climbing again after a period of decline. This shift marks a possible trend reversal.
Miners often sell when they need liquidity to cover operational costs or when they want to lock in profits after a price rally. If this trend continues, it could amplify selling pressure, especially when combined with the activity from whales and long-term holders.
“The mean amount of coins per transaction sent from affiliated miners’ wallets. If miners send some proportion of their reserves at the same time, it could trigger a price drop,” CryptoQuant explained.
4. Selling Pressure from the US Investors
The Coinbase Premium indicator reflects the price gap between Coinbase and Binance. A negative premium means Bitcoin trades at a lower price on Coinbase, indicating weaker demand or stronger selling pressure in the US market.
This indicator essentially represents the behavior of US investors. Although it remained mostly positive, it turned negative at the end of July.
“Bitcoin Coinbase Premium Gap turned negative again. What does it mean? The demand in the US market is weakening. Caution is necessary,” analyst IT Tech commented.
Historically, a negative premium hasn’t always led to a trend reversal. However, it often signals a slowdown in upward momentum. If selling pressure continues to build, a negative outcome could unfold.
A Reversal Signal from the MVRV Ratio in August
Some analysts are adopting a more cautious stance for August, especially after Bitcoin recorded four straight months of gains.
According to Coinglass statistics, Q3 is historically the weakest quarter of the year. August, in particular, is often the worst-performing month within Q3.
CryptoQuant analyst Yonsei pointed out that the MVRV (Market Value to Realized Value) ratio is approaching a cycle-top threshold. This signal may appear by late August.
During the 2021 cycle, the MVRV ratio formed a double top that accurately predicted the market peak. If history repeats, August could mark Bitcoin’s local top before entering a correction or consolidation phase.
“In short, we’re entering a zone where optimism and caution must coexist. Let on-chain timing guide your strategy — now is the time to tighten risk management and stay nimble,” Yonsei concluded.
“However, the strong liquidity profile, matched with the market’s ability to handle large orders and growing demand from treasury companies, indicates the presence of sophisticated traders. These traders are more price agnostic, which should bode well for BTC’s price action heading into what can be a choppy month,” Kaiko stated.
Although whales, LTHs, and miners may trigger volatility, the current market structure could prevent a severe collapse.
Cardano (ADA) price is now trading around $0.85 after a sharp 13% daily rally and a 37%+ month-on-month rally.
While it’s facing resistance at $0.86, bullish indicators across on-chain and chart metrics suggest this may just be a breather before ADA breaks toward $1 and beyond.
Age Consumed Shows Strong Hands Holding
Despite the ADA’s rapid price surge, the Age Consumed metric shows no signs of old tokens being moved. The last major spike came in mid-June when over 130 billion ADA aged tokens were moved. Since then, activity has remained muted, with the latest value hovering near 250 million ADA.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
In simpler terms, Age Consumed tells us how many older tokens are suddenly moving again. When it’s low during a rally, like it is now, it signals confidence: long-term holders aren’t rushing to sell.
MVRV Ratio Signals More Upside
While the old coins are sitting tight, even the new holders might not be looking to sell anytime soon. The 60-day MVRV ratio for Cardano sits at 22.91%, far below its previous danger zone. Back in mid-May, the same ratio crossed 131%, right before a steep selloff began. Historically, ADA has room to run until the MVRV reaches much higher profit zones.
For example, in mid-April, the MVRV ratio hovered around 20–25%, and Cardano still managed to rally over 35%, climbing from $0.62 to $0.85. With the current ratio showing there’s no extreme profit pressure, ADA could follow a similar trajectory.
The 60-day MVRV measures the average profit or loss of holders who bought ADA over the past two months. A low positive value suggests holders aren’t sitting on big gains, and are less likely to sell.
Exponential Moving Averages Point to Momentum
Cardano’s 20-day EMA (exponential moving average) just completed a rare triple golden crossover:
Crossed above the 50-day on July 14
Crossed above the 100-day mark on July 17
Now crossed above the 200-day just hours ago (showing strength in mid-term)
This kind of cascading EMA breakout shows growing momentum and confirms the strength of the ongoing trend.
Key ADA Price Resistance Needs to Break
Cardano is currently testing resistance at $0.86, which also lines up with the 1.0 Fibonacci retracement from its May highs. A successful breakout would open the doors to the next major target at $1.07, the 1.618 Fibonacci extension level.
However, RSI (relative strength index) divergence could slow things a bit. On the 4-hour chart, however, a bearish divergence has emerged. Since July 11, Cardano’s price has been pushing higher highs, but the RSI is printing lower highs. This mismatch suggests buyers may be slowing down.
Bearish divergence doesn’t always mean a reversal, but it often triggers short-term consolidation. So, ADA might pause before charging past resistance.
If RSI divergence drags prices down, short-term invalidation could come if ADA dips below $0.78, a previous support level. But unless long-term holders start dumping (which Age Consumed and MVRV say they aren’t), the rally likely still has legs.
