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- Crypto Saving Expert Newsletter - Issue 199
Crypto Saving Expert Newsletter - Issue 199
GM.
Bitcoin is approaching another major decision point.
After repeatedly testing the $65,000 region without seeing any major rejection, pressure continues to build beneath the surface. Sellers are struggling to force the market lower, while buyers continue to step back in on every pullback.
The wider market is starting to show signs of strength too. Solana is holding up well despite Bitcoin’s volatility, precious metals are catching another bid, and several risk assets are beginning to set up for larger moves.
But this week could ultimately come down to macro.
US CPI, PPI, retail sales and consumer sentiment are all on the calendar, meaning the next few days could heavily influence expectations around inflation, interest rates and liquidity across global markets.
Bitcoin has spent long enough chopping around these levels. A clean break above $67,000 could quickly put $70,000+ back into focus, while failure to hold could open the door towards the $59,000–$60,000 demand zone.
The market looks quiet.
It probably won’t stay that way for long.
Let’s break it down.👇
Table of Contents
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Bitcoin Sets Up For Boom Or Bust
Bitcoin’s start to the week leaves it in a precarious position. It has either cleared downside liquidity for a push higher, or begun a descent which could lead back towards the lows.
Bitcoin
Bitcoin has had a busy week, after grinding up all of last week to then flushing all the way back down at the start of this week.
Bitcoin has a very sticky resistance area towards $65,500, which has been a thorn for the price in recent weeks.
This area has marked the top of moves and capped upside.
After failing to get above, Bitcoin came down aggressively and swept all the buildup of wicks left behind on the way up. Staircase up, elevator down comes to mind.
However, it has now had a full liquidity run, so the next move is imperative.
The Decisive Move
So moving on from the analysis above, the next move could look something like this.
The current range is highlighted between the purple lines, but Bitcoin has a bigger move in it to take it into more high-time-frame support and resistance.
To the upside, this is $67,000, which marks the separation of trading down at these levels or $70,000+.
To the downside, the $59,000 to $60,000 demand zone has yet to be backtested.
Solana
Solana has gained strength in the market after cooling off in July.
What is noticeable is the fact SOL hasn’t suffered much downside after Bitcoin tumbled aggressively. This is because SOL is back above the S/R pivot.
While above $75, SOL is looking strong and could push back into the $78 resistance region.
But much like Bitcoin, an anticipated expansion is on the table, which could see Solana test the $83 supply zone again.
PUMP
Pump fun is in a world of its own currently, up 2x from early July.
This witnessed PUMP reclaim the key S/R region, giving it a strong structural outlook and pushing the price higher.
However, there is a massive obstacle ahead in the $0.0033 region, which acts as high time frame resistance.
From here, PUMP could still have room to run before hitting that point, but it now has an identifiable range it could trade within.
Platinum
Precious metals are catching a bid again, with gold leading the charge. However, the one which catches the eye is Platinum.
Serving as an industrial metal as well as a store of value, XPT enjoyed a massive rally last year. Now having cooled off and down significantly from the peak, it has shown signs of an aggressive breakout.
It would not be surprising to see this break ATH in the next 18 months.
XPT moves as a higher-beta gold, and so can make for a great asset to trade on all timeframes.
You can trade XPT on Bitbase here
Palladium
Palladium (XPD) is in the same basket as Platinum. Having shown a remarkably similar pattern, this again looks poised for an aggressive upside breakout.
This serves as a key industrial metal and will benefit from the same dollar debasement as the other precious metals.
Again, It would not be surprising to see this break ATH in the next 18 months.
You can trade XPD on Bitbase here
Important Dates
Wednesday 12 August, 13:30 UTC - US Consumer Price Index (CPI)
CPI measures inflation and is a vital economic measurement in all countries. The data is released by the Bureau of Labor Statistics and calculated using a shopping basket of goods and services.
The data is forecast at 3.4%, with the previous data lower at 3.5%.
Thursday 13 August, 13:30 BST - Producer Price Index (PPI)
The Bureau of Labour Statistics is also responsible for PPI, which measures the average change in commodity prices. Similar to core inflation, PPI removes volatile goods from its findings. The forecast is set at 4.2%, with the previous data at 4.7%.
Friday 14 August, 13:30 BST - US Retail Sales
The retail sales data is published by the Census Bureau and comprises two pieces of data: the month-over-month (MoM) and the control group.
The MoM figure measures the monthly changes in retail sales, demonstrating consumer confidence to spend money in the economy. This figure is forecast at 0.1%, with the previous figure at 0.2%.
The second figure is the control group, which measures the entire industry sales and estimates the personal consumption expenditures (PCE) for goods. The control group data isn’t forecasted.
Friday 14 August, 15:00 BST - Michigan Consumer Sentiment Index
The University of Michigan releases the index, which is a survey depicting consumer confidence in the economy. The survey provides insight into consumers’ confidence to spend money within the US economy.
The Index’s score is set to come in at 54.5, with the previous data coming in at 55.2.
Fear And Greed Index
The Fear and Greed Index remains mostly unchanged since last week, scoring 27 and in the Fear section.
Due to Bitcoin doing nothing but ranging, this makes sense as there has been no major price shift to move sentiment.
Gainers
Losers
Bitcoin Keeps Hitting $65,000. Why The Next Break Could Be The One That Matters
Bitcoin has tested $65,000 for four consecutive days without breaking higher or seeing heavy selling. Here's why traders believe the next move could be significant.
Bitcoin is once again knocking on the door of one of its most important price levels.
The world's largest cryptocurrency briefly climbed above $65,300 before slipping back towards $64,000, marking the fourth consecutive attempt to establish itself above the psychologically important $65,000 level.
While repeated failures might normally be seen as bearish, some analysts believe the price action is telling a very different story.
Rather than showing exhausted buyers, Bitcoin may be quietly building pressure for its next major move.
Bitcoin Isn't Being Rejected
Repeatedly testing the same resistance level often produces one of two outcomes.
Either sellers overwhelm buyers and force prices lower, or selling pressure gradually gets absorbed until resistance eventually breaks.
So far, Bitcoin appears closer to the second scenario.
Despite four separate attempts to move above $65,000, there has been little evidence of aggressive profit-taking. Instead, Bitcoin has continued trading within a relatively tight range.
That suggests sellers are becoming less dominant, even if buyers have not yet found enough momentum to force a breakout.
Short Sellers May Be Creating Pressure
According to FxPro chief market analyst Alex Kuptsikevich, the lack of selling may actually indicate something else is happening.
Rather than long-term holders cashing out, traders may be building increasingly large short positions above $65,000, betting Bitcoin will fail once again.
If that proves correct, the next successful breakout could trigger short covering, where traders betting against Bitcoin are forced to buy back their positions.
That type of buying can often accelerate rallies once key resistance finally gives way.
$70,000 Is The Next Major Target
If Bitcoin can establish itself above $65,000, many analysts believe attention will quickly shift towards $70,000.
That level is important for several reasons.
It represents another major psychological milestone, sits close to Bitcoin's 200-day moving average and marks the area where buyers and sellers battled throughout March and April.
A decisive move above that region would significantly improve Bitcoin's technical outlook.
Fear Still Dominates The Market
Interestingly, investor sentiment remains surprisingly cautious.
The Crypto Fear & Greed Index continues to sit in the "Fear" zone with a reading of around 30, despite Bitcoin holding near multi-week highs.
Historically, strong rallies have often begun when investor sentiment remained subdued, rather than when optimism was already widespread.
That doesn't guarantee higher prices, but it does suggest many investors remain unconvinced by the recent recovery.
Macro Forces Still Matter
Bitcoin isn't trading in isolation.
Higher U.S. Treasury yields and rising oil prices continue to shape broader market sentiment ahead of key U.S. inflation data.
Brent crude remains elevated after recent geopolitical tensions, while stronger bond yields have tightened financial conditions for risk assets.
That makes upcoming inflation figures particularly important.
A softer-than-expected CPI reading could improve confidence across equities and cryptocurrencies, while another upside surprise could reinforce expectations for tighter monetary policy.
ETF Demand Has Started To Cool
Institutional demand remains broadly positive but has shown signs of slowing.
U.S. spot Bitcoin ETFs attracted approximately $865 million over the five trading sessions ending August 7 before recording a provisional outflow of around $91 million on Monday.
One day of outflows doesn't necessarily signal a trend reversal, but investors will be watching closely to see whether last week's strong inflows continue.
Final Thoughts
Bitcoin's repeated tests of $65,000 may look frustrating, but they could ultimately strengthen the market.
Instead of seeing heavy rejection each time resistance is reached, buyers have continued returning while sellers appear increasingly unable to force a deeper correction.
If that pattern continues, the next successful breakout could attract fresh momentum buyers and potentially trigger short covering from traders positioned against the market.
With inflation data, ETF flows, and broader macro conditions all coming into focus, Bitcoin may not need much more to finally push through one of its most closely watched resistance levels.
Crypto Investor Harry Yeh Dies After 30-Storey Fall In Paraguay As Police Investigate
Crypto investor Harry Yeh has died after a reported fall from the 30th floor of a luxury residential tower in Paraguay. Authorities are investigating the circumstances surrounding his death.
Prominent crypto investor Harry Yeh has died after reportedly falling from the 30th floor of a luxury residential building in Asunción, Paraguay.
Yeh, founder and managing partner of Quantum Fintech Group, was found outside the Jade Park residential complex in the early hours of 7 August.
Paraguayan police and prosecutors are now investigating the circumstances surrounding his death.
Authorities have not publicly determined whether the fall was accidental, self-inflicted or involved another person.
What Happened?
Police were called to Jade Park at around 4:30am and preliminarily identified the victim as Harry Chun Tak Yeh.
Investigators subsequently searched an apartment on the 30th floor where Yeh was believed to have been staying.
Local reporting said the apartment's doors were open and the interior appeared heavily disturbed.
A second apartment linked to Yeh on the 27th floor was also examined by forensic teams, with evidence from both properties passed to prosecutors.
An autopsy and further forensic work are being used to establish what happened before Yeh's death.
Police Have Not Reached A Conclusion
The unusual circumstances have generated significant speculation across social media and crypto communities.
However, authorities have not publicly established that another person was responsible.
Investigators are reportedly examining several possibilities while reviewing forensic evidence and other information from the building. Until that work is complete, claims surrounding the cause of Yeh's death should be treated cautiously.
Who Was Harry Yeh?
Yeh had been involved in cryptocurrency markets since their relatively early years.
He founded Quantum Fintech Group, an investment business focused on cryptocurrencies, blockchain projects and digital assets.
Yeh's own biography claimed that funds and assets managed by him, Quantum and associated partners exceeded $2 billion, although that figure has not been independently verified.
He also became closely associated with the Fantom ecosystem and projects including Tomb Finance, LIF3 and L3 Reserve.
A Long History In Crypto
According to Yeh's public biography, he entered the Bitcoin market in 2013, when the cryptocurrency was still worth only a fraction of today's price.
Over the following decade, he built an investment business around crypto trading, decentralised finance and blockchain projects.
That made him a recognisable figure within parts of the industry long before spot Bitcoin ETFs and institutional adoption pushed digital assets further into mainstream finance.
Why The Story Has Attracted So Much Attention
The case has spread quickly because of both Yeh's profile and the unanswered questions surrounding the investigation.
A high-profile crypto investor, a fall from a luxury apartment tower and reports of a disturbed property have naturally fuelled speculation.
But the most important fact remains that Paraguayan authorities have not yet announced an official conclusion.
For now, the investigation itself is the story.
Final Thoughts
Harry Yeh had been involved in digital assets for more than a decade and became closely associated with several major crypto projects.
His sudden death has understandably attracted significant attention across the industry.
However, many of the most dramatic claims circulating online remain unproven.
Paraguayan authorities are still examining forensic evidence, the apartments linked to Yeh and the circumstances surrounding his final hours.
Until investigators publish further findings, the cause and circumstances of his death remain unresolved.
Solana Wants To Burn More SOL And Issue Less. Here’s Why It Matters
Solana validators are considering proposals that would increase SOL burns and reduce new issuance. Here’s how the changes could affect supply, staking rewards and investors.
Solana validators have started signalling support for two proposals that could significantly change the cryptocurrency’s supply over the coming years.
The first would increase the amount of SOL destroyed through transaction fees. The second would accelerate the reduction in new SOL entering circulation.
Together, the proposals aim to tighten Solana’s supply from both directions: burning more existing tokens while issuing fewer new ones.
That may sound immediately bullish for SOL, but the potential impact is more complicated than the headline figures suggest.
What Would Change?
SIMD-0553 proposes replacing Solana’s largely fixed transaction charges with resource-based fees.
Transactions that place greater demands on the network would pay more, increasing the amount of SOL collected and destroyed.
Current daily burns sit at around 650 SOL. Under the proposal, that could rise to between 7,500 and 9,000 SOL per day.
At recent prices, the upper estimate would represent approximately $650,000 worth of SOL being removed from circulation every day.
SIMD-0550 would target the other side of the supply equation by doubling Solana’s annual disinflation rate from 15% to 30%.
This would bring the network’s long-term inflation floor of 1.5% forward from around 2032 to 2029 and remove an estimated 18.9 million SOL from projected issuance over six years.
Would This Make SOL Deflationary?
No, at least not under current conditions.
Even if daily burns rise to 9,000 SOL, the network currently issues approximately 60,000 SOL through inflation each day.
Solana would therefore continue creating more tokens than it destroys.
This is why the two proposals are being considered together. Increasing fee burns alone would make only a limited difference while new issuance remains significantly higher.
Reducing emissions could have the larger long-term effect on SOL’s calculating supply.
Why Supply Matters For Investors
A cryptocurrency’s price is influenced by both demand and the number of tokens available.
If demand remains steady while new supply grows more slowly, each existing token may face less dilution.
Supporters therefore argue that lowering SOL issuance could improve its long-term monetary profile and make the asset more attractive to investors.
However, lower inflation would also reduce the SOL distributed to validators and stakers.
That creates an important trade-off. Solana wants to reduce unnecessary issuance without weakening the incentives that encourage participants to secure the network.
Support Is Still At An Early Stage
The proposals have not yet reached a formal stake-weighted vote.
Initial signalling has attracted approximately 24.9m SOL, representing around 5.8% of the network’s staked supply.
A proposal must reach the 15% signalling threshold before progressing to an official governance vote.
Sixteen validators have signalled support so far, although Helius accounts for close to two-thirds of the total backing.
That concentration means several more large validators would need to participate before the proposals can move forward.
The signalling period is scheduled to close on 18 August.
What Investors Should Watch
Whether validator support reaches the 15% threshold.
How smaller validators respond to lower future staking rewards.
Whether the proposals advance to a formal vote.
The eventual effect of resource-based fees on network activity.
Whether rising usage can bring SOL burns closer to new issuance.
Final Thoughts
Solana is considering an important change to the economics of SOL.
SIMD-0553 would increase the amount of SOL burned through transaction fees, while SIMD-0550 would reduce the pace at which new tokens enter circulation.
The proposals would not make SOL deflationary immediately, but they could meaningfully reduce supply growth over time.
For investors, the central question is whether tighter issuance would strengthen SOL’s long-term value without undermining the staking incentives that help secure the network.
Before that debate can reach a formal vote, however, the proposals must attract considerably more support from Solana’s validator community.
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