Etan Hunt

Two things are true today and they cannot both stay true for long. The first: Bitcoin whales have bought 270,000 BTC in the past 30 days. Bitfinex flagged the on-chain data last week and the number has been circulating since. It is the largest monthly accumulation figure since 2013. The second: Trump’s ceasefire with Iran expires today. There is no deal. Iran rejected a second round of peace talks scheduled in Islamabad. The Strait of Hormuz, which Iran briefly declared open last Friday before shutting it again within 24 hours, remains contested. One of these signals is going to be wrong about what comes next.