Ethereum changed its rules when it suited them. Solana went down 5 times in 2022 and has to be rebooted manually. LUNA vanished in 72 hours. XRP is just a bank with a token.
Bitcoin is the only project that exists without a foundation, no CEO, and no headquarters that the government can shut down on a Tuesday morning because a judge signed a piece of paper. The creator disappeared in 2010 and hasn't been seen since, which means even if a government wanted to force someone to change the rules, there’s literally no one to call.
21 million BTC... the rules haven’t changed since 2009.
🇺🇸 The White House aims for the adoption of the Clarity Act before July 4th, with a Senate passage expected this month and a compromise now solidified on stablecoin yields.
🚨 Bitcoin REGAINS control above $80,000 but the real test starts now.
Last week, the True Market Mean at $78,200 and the average cost of recent buyers at $79,100 served as a ceiling. They've now been surpassed in a single bullish leg. The next structural resistance is at $85,200, the average cost of all non-dormant supply.
US spot ETFs have flipped back to positive flows over 30 days, a clear signal of institutional return. And the funding for perpetuals remains negative despite the rise, meaning shorts are holding on and could fuel the next push.
But beware: realized losses are still running at $479 million per day, which is 140% above normal. As long as this figure doesn't compress below $200 million, the market remains fragile beneath the surface.
The structure is constructive. Momentum is bullish. But we're nearing a ceiling where sellers will wake up. The real question: is there enough spot demand to absorb them?