✅ BTC is holding around $77K. The guys at CryptoQuant are warning of a strong correction because the entire recent rally was driven by a short squeeze, while there are very few real buyers in the market.

Bank of America believes risky assets will rise if 30-year Treasury yields fall below 5%. But if Scott Bessent messes things up, the markets could get hit hard 😠

Friday’s events:

🔸 CFTC Chairman Michael Selig said he will secure regulation regardless of whether the Clarity Act is passed

🔸 Anthropic is set to beat SpaceX’s $86.2B IPO record. Potential target — $100B 💸

🔸 Strategy is back in profit on its BTC holdings — average purchase price: $75,385. Shares are up 30% in 5 days

🔸 Citi maintains a bullish outlook on the stock market and recommends buying the dip ahead of the fall congressional elections

🔸 UBS Global Wealth Management raised its year-end S&P 500 target to 8,100

🔸 Bernstein maintains its “Outperform” rating on SpaceX with a $248 target

🔸 JPMorgan sees increasing risks of a market downturn in late summer or early fall — the AI trade is starting to resemble the dot-com bubble 🙈