This isn’t exactly a new phenomenon. In 2024, futures volume took a nosedive of nearly 16% in June and stayed low-key through September. It’s almost as if the market decides to take a vacation when the weather gets warm. 🏖️
These same sages, with their eyes fixed upon the celestial charts of the market, proclaim that the spirit of HODLing reigns supreme. “Despite this surge in profitability, investor behavior signals a strong preference for HODLing, as the current price range appears insufficient to trigger significant profit-taking,” they intone, their voices echoing through the halls of the crypto temple. 🕉️
Cardano might not be making huge moves on the charts, but under the surface, confidence is quietly building. According to TapTools, ADA’s community sentiment on CoinMarketCap just surged to a 30-day high, with 93.8% of voters currently bullish. That’s a sharp rise, considering the recent price weakness. It’s like the town’s been in a funk, and suddenly, everyone’s got a spring in their step.
What did he do next, you ask? Did he buy a vineyard in the Crimea? A herd of wild horses for his garden? Ah, if only! Instead, upon perusing the firm parchment of Berkshire Hathaway’s Form 13F with a knowing squint, we see that Warren—just as your grandmother might stuff the sofa with a new mattress—ol’ Warren buys twenty million shares of Sirius XM. Twenty million! At $22.95 a share. That’s $459 million down, give or take a few small countries’ GDPs.
Such a trend points to aggressive buying as traders position for a key macroeconomic catalyst.