Bitcoin corrected lower ahead of Warsh's speech and is currently trading around $79,600. Ethereum followed suit but continues to hold above $2,500.

Meanwhile, recent gains have prompted major market participants to take different approaches. Japan's Metaplanet has once again transferred Bitcoin to an exchange, this time moving 1,350 coins worth $108 million. However, it is important to understand that the company's total reserve has not changed and remains at 43,000 bitcoins. Earlier this month, the company's CEO explained a similar transfer as simply moving coins between the company's own wallets rather than selling them. Therefore, the current transfer could also turn out to be merely a technical operation. At the same time, Metaplanet purchased its bitcoins at a higher average price of $96,191, while the market is currently trading around $79,000–80,000, meaning the company's position is still at a loss.

A large wallet linked to Matrixport, which had previously moved from a loss into profit, has once again opened a leveraged bullish position in Ethereum, using 20x leverage for a position worth $17.4 million. At the same time, Multicoin Capital continues to gradually sell the HYPE token, having transferred nearly $60 million worth of tokens to an exchange over the past ten days. However, a buyer was immediately found for these tokens, with another party purchasing $37 million worth of HYPE through FalconX.

Chainlink, by contrast, is behaving much more calmly and steadily. The company is simply purchasing additional LINK tokens from the market for its reserve and has added nearly 600,000 tokens over the past month.

Overall, the picture is mixed: some participants are selling, some are buying, some are making leveraged bets, while others are simply accumulating assets methodically. The overall inflow of large amounts of capital into the market does not mean that all institutional investors share the same view. After today's speech by Fed Chair Kevin Warsh, the views of major market participants could change significantly. His speech is scheduled today.

Bitcoin

Buy Scenario

Scenario #1: Today, I will buy Bitcoin when the entry point is reached around $79,800, with a target of rising toward $81,000. Around $81,000, I will close the long position and immediately sell on a rebound. Before buying on a breakout, make sure that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.

Scenario #2: Bitcoin can be bought from the lower boundary at $79,200 if there is no market reaction to a break below this level, with a return toward $79,800 and $81,000.

Sell Scenario

Scenario #1: Today, I will sell Bitcoin when the entry point is reached around $79,200, with a target of declining toward $78,000. Around $78,000, I will close the short position and immediately buy on a rebound. Before selling on a breakout, make sure that the 50-day moving average is above the current price and that the Awesome Oscillator is below zero.

Scenario #2: Bitcoin can be sold from the upper boundary at $79,800 if there is no market reaction to a break above this level, with a return toward $79,200 and $78,000.

Buy Scenario

Scenario #1: Today, I will buy Ethereum when the entry point is reached around $2,512, with a target of rising toward $2,561. Around $2,561, I will close the long position and immediately sell on a rebound. Before buying on a breakout, make sure that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.

Scenario #2: Ethereum can be bought from the lower boundary at $2,494 if there is no market reaction to a break below this level, with a return toward $2,512 and $2,561.

Sell Scenario

Scenario #1: Today, I will sell Ethereum when the entry point is reached around $2,494, with a target of declining toward $2,447. Around $2,447, I will close the short position and immediately buy on a rebound. Before selling on a breakout, make sure that the 50-day moving average is above the current price and that the Awesome Oscillator is below zero.

Scenario #2: Ethereum can be sold from the upper boundary at $2,512 if there is no market reaction to a break above this level, with a return toward $2,494 and $2,447.