💸 The average BTC bear market lasts 365 days; assuming history repeats itself, the crypto winter will last another 50 days, and the market bottom will form in early October. It won’t be long now

🕯 BTC has climbed back above $64k ahead of Trump’s meeting with crypto industry representatives at the White House this Wednesday, and on Thursday, the CFTC will hold a meeting on cryptocurrency regulation. If these meetings aren’t just for show, we could see BTC reach the upper boundary of the trading range — $65k

💥 Today marks the end of the 60-day truce between Iran and the U.S. Trump is ready to extend the negotiations indefinitely and is prepared to bomb Oman if necessary. Meanwhile, Iran is demanding that the U.S. lift the naval blockade and is threatening to break through it by military force.

🔽 Japan is in its worst situation in decades—what if a global recession starts in Asia:
- Japan’s Q2 GDP came in at just 1.1%, compared to a forecast of 2%
- The yield on 2-year bonds is 1.7%—a 30-year high
- The yen continues to plummet; the effect of joint U.S.-Japan intervention in the foreign exchange market has weakened by 50% over the past week