Itโs probably both: a symbolic move AND decent risk management. Yes, quantum is far off, but splitting reserves across wallets is good practice regardless. The bigger question is whether this strategy can withstand external pressure โ the IMF funding conditions are still the elephant in the room for El Salvadorโs Bitcoin experiment.
Excellent analysis as always! I think both scenarios are valid: whales are clearly leaning on sell pressure, but divergences like this canโt be ignored. For me, the key is whether BTC can reclaim $114K on a weekly close. If yes, the bull case is alive. If not, we should prepare for deeper downside. Either way, volatility is guaranteed in September.
If this DOGE treasury goes public, it could be the first real step in institutionalizing Dogecoin. Even if adoption is limited, a listed vehicle gives traditional investors an easy on-ramp.
Corporate treasuries are bullish for price but risky for sovereignty. The real test will be whether these firms actually hold through cycles or just treat Bitcoin like a balance-sheet hedge.
SOL Technical Breakout Potential Solana's current setup shows promising signs for a major move:
Breaking out of a 5-month accumulation range
Daily RSI holding above 60
Network activity spiking with 4000+ TPS sustained
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