Good morning. President Trump chose violence again this week with new tariffs and a firing, whilst Eric was tweeting once again from his phone to “buy the dip!” and Fed Chair Jerome Powell was left with regrets. There’s so much macro to unpack.
All of that, plus your…
- Chart of the Day….will August be bullish or bearish for BTC?
- Trade of the Day…can SOL hold the line?
- Degen Play of the Day…can HYPE hit its September target?
Chart of the Day
Bitcoin just wrapped its best month ever, with its highest monthly close in history of $115, 644. However, August is historically Bitcoin’s worst month and it started off in the red.
To be fair, this dip was expected…the CME Futures gap has now been filled at $114K. BTC may even retest the previous all-time high support area around $108K-$112K.
But there is still hope for August. Every August in post-halving years has been bullish for Bitcoin, averaging 36.5% gains. In August 2013, BTC gained 30.42%, in August 2017, BTC gained 65.32% and in August 2021, BTC gained 13.8%. Will history repeat itself this time around?
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Trade of the Day
Solana is currently at a critical zone: the “bounce or I cut it off line.”
With the price hovering in the $160s, this is a key level on the chart. This line represents a previous resistance zone now attempting to flip into support (orange line), reinforced by the 50-day EMA (blue line) at $167. Yesterday, Solana closed just below this level at $162.
The bulls are under pressure to defend this support level. A successful hold could signal a reversal and potential upward momentum, possibly testing higher resistances. But…failure to hold might trigger a deeper correction.
Watch for increased volume, a bullish candle and a close above this level to confirm a bounce. The bulls need to step up their game here. $185 is the next key level to watch out for, if this breaks to the upside.
Alpha Leak
- Ethereum ETFs racked up 20 consecutive days of inflows, making this their longest positive streak since launch. That’s $5.4 billion in fresh liquidity in July. Together, the ETFs now hold $21 billion in assets, which is 5% of ETH’s total market cap. Unfortunately, the market pullback has ended this inflow streak, but it shows growing confidence in ETH. When the market begins its next leg up, you should expect to see these inflows turn positive again.
- Solana [SOL] could solidify its position as a leader in liquid staking if the SEC eventually approves this within a Solana ETF. That’s what Jito Labs, VanEck, Bitwise and others want to see and launched an appeal to the SEC on July 31st to make it happen. Positive SEC feedback could trigger a bullish sentiment and billions in fresh liquidity.
- Aave token emissions have been reduced by a further 25%, while maintaining buybacks, making the protocol more token-flow positive. This move hints at disinflationary pressure, which is bullish for the protocol and token price.
- Maple [SYRUP] has passed its governance proposal MIP-018 to increase buybacks from 20% to 25% of monthly revenue. Staking rewards will increase and capture more value as revenue continues to grow.
- Hyperliquid [HYPE] has announced a strategic partnership with Circle to bring native USDC to HyperEVM. Token holders will benefit from increased demand and higher TVL as DeFi on the network grows.
News Roundup
A Regime Change Is Coming At The Fed
Fed Chair Jerome Powell may be regretting not cutting interest rates on Wednesday after a disastrous end to the week.
US Labor Market Weakens
The US labor market is worse than first thought after job growth collapsed in July. Only 73,000 jobs were added in the economy, way below the expected 109,000 forecast.
Not only that but May and June’s data were revised down by 258,000 jobs, leading Trump to order the firing of Erika McEntarfer, the head of the Bureau of Labor Statistics (BLS).
It’s believed the US needs at least 100,00 jobs each month to keep up with the growth in the working-age population.
ISM Manufacturing Flashes Recession Warning
ISM Manufacturing dropped a point to 48, below expectations and marking a fifth straight month of contraction. When these numbers fall below 50, it means the sector is contracting, not growing.
The report showed a reduction in employment and increasing prices, pointing toward the manufacturing sector falling into a recession. Yikes.
Fed Governor Resigns
Federal Reserve Governor Adriana Kugler has resigned from her role at the Fed, paving the way for Trump to appoint a dovish nominee for the board.
The Fed is boxed in. A regime change is coming. The next FOMC meeting isn’t until September. Could September finally be the start of rate cuts?
Bullish Crypto Q2 Earnings
If there wasn’t already enough volatility for one week, several crypto companies announced their Q2 earnings results. Here’s the cliff notes…
- Strategy: Record net income of $10 billion compared to a $102 million net loss in Q2 2024. But this was overshadowed by price action. MSTR is down 12% this week.
- Coinbase: Net income up due to its stake in Circle, bought 2,509 BTC, but revenue came in 6% below analysts’ forecasts. COIN down 20% this week.
- Robinhood: Revenue doubled year-on-year to $160 million and CEO mentioned “tokenization” 11 times during the call. HOOD is down 5% this week.
- Tether: Generated $5.7 billion in the first six months of 2025, a 9.6% increase compared to the same period last year. Tether has also become the 18th largest holder of US Treasuries, holding $127 billion worth.
- Kraken: Revenue up 18% year-on-year, adjusted earnings declined 7% year-on-year and trading volume up 19% year-on-year. Macro uncertainties have impacted the results, but Kraken remains strongly in build mode ahead of its potential IPO.
Ray Dalio Doubles Down On BTC
Billionaire investor Ray Dalio is now recommending a portfolio allocation of 15% to hard money assets like bitcoin or gold. Because he believes right now, this is what will give you the best return for the least amount of risk. That’s up massively from the 1-2% bitcoin allocation he recommended in 2022.
And it just so happens that bitcoin and gold are the best performing asset classes of 2025 so far, meaning he’s right on the money.
Because he knows the big print is coming. He’s already warning that the UK is in a “debt doom loop” and believes the US will need to issue $12 trillion worth of new debt within the next year to finance its existing debt.
If you’re long bitcoin, do what the man says and keep stacking sats.
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Degen Play of the Day
Over the past week, there’s been much hype, pardon the pun, around Hyperliquid’s HYPE token. There’s been ambitious futures bets being placed on a $69.69 price by September. Due to the market pullback, HYPE has fallen outside of its bullish channel that was keeping the dream alive.
If you’re still bullish on HYPE, the price needs to get back into this ascending channel and hold as support before moving up. This is one to watch.
Town Square
Question of the Day
Today’s question of the day comes from GhostRichy_ on X and it’s THE question that has us all on the edge of our seats…when are we hitting the top of the cycle?
I think it’s fair to say the top is likely to come when sentiment is much different to today. Right now, we’ve got short-term holders selling and smart money still piling in. That doesn’t scream top of the cycle, but we’re likely in the late stages of the bull market by now.
If you believe global liquidity (M2) is driving the price action, then that could be a clue. It just saw a massive decline, which could reflect itself in the BTC price two months from now around late September or October. The 4-year cycle backs this up. But it’s too early to tell if this is simply the next local top or THE top. Especially if big money continues to flow into the market like it is now…there is a chance the top extends into Q1 2026.
No one can time the exact top. So stay cautious, keep an eye on the historical indicators, Coinglass is a great resource for this, and have a profit-taking plan that you’re already executing on before the top comes in.
Final Notes
Thank you so much for your support, and I truly hope that today’s issue will give you insights needed to help you master your wealth.
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If you really want to take advantage of fastest growing asset class EVER, then the Premium subscription is for you.
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See you next time!
Lark and the Wealth Mastery Team
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Legal Disclaimer
Wealth Mastery (Lark Davis, and the Wealth Mastery writing team) are not providing you individually tailored investment advice. Nor is Wealth Mastery registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Wealth Mastery is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
You can find a full disclosure of all my crypto & venture investments here.
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
