Danny cheng
Technology Investor, Homily Charts & Technical Analysis
Hut 8 is attempting a recovery after stabilizing at $75-$76. Whale accumulation on the weekly chart keeps rising, now at 89.6%, and a momentum panel has turned bullish, a setup that typically precedes a bullish candle. The last two volatility holes accurately called tops, with breaks of the lower boundary followed by sharp declines. x.comÂ
Hut 8 remains a great stock because of its 10GW pipeline, even after the run that followed its Anthropic partnership. x.comÂ
Bitcoin appears to be in the late stages of its bear market and entering accumulation, based on a cluster of early signals. CryptoQuant's cycle indicator flashed its second early-bull signal, which historically appears as a bottom forms. MVRV and NUPL show the market far from overvalued while whales and corporate treasuries accumulate. Spot demand turned positive, ETFs drew $517 million and $606 million on consecutive days, and Treasury buybacks add liquidity. Chop or a new drop remain possible. … Show more
Hut 8 has a long history of failing to execute, and institutions backing it will learn that the hard way. @pred3500, in the post the author replies to, cites more delays and argues Hut 8's projected 7.7 GW of power is unsecured and only on paper, with no recent data-center buildout progress shown. x.comÂ
Bitcoin's higher time frames may be entering a major bullish trend, so a slip in the daily trend matters little, and smart money is accumulating. Bitcoin has bottomed after a double failed breakdown below its 2025 low followed by a reclaim and its first bullish trend since, which points to at least $100,000. This could become its largest bullish trend ever, given the largest institutional backing it has ever had. x.comÂ
A whale who made $4.8M in two months just put $46M into Bitcoin and $45M into Ethereum, positioning that suggests smart money sees a move coming. The positions lose only if Bitcoin hits $75K and Ethereum drops to $2,247. x.comÂ
A poor CPI reading and $1B in liquidations leave Bitcoin's rebound too weak to confirm an uptrend. Despite a higher high at $87K, another leg down is still the most likely near-term path, targeting a higher low around $72K before a possible range and breakout. A sustained loss of $80K would expose liquidity near $73K-$75K; reclaiming $83K-$85K would give bulls more control. x.com x.comÂ
Hut 8's thesis as an owner of energy infrastructure for modern technologies is as strong today as ever. The company has executed very well against that thesis since it was laid out in October 2024. x.comÂ
IREN looks horrendous on the chart, but institutions are not selling, setting up a big pop to $40+ once everyone gives up. The declines have come on a complete lack of volume. Over the first half of 2026 it saw $250B of high-volume activity and twice failed to make new lows in this area, a textbook long-term accumulation campaign; key institutional supports above still need to be reclaimed to confirm a short-term bullish trend. x.com x.comÂ
Core Scientific has something massive brewing, with heavy institutional accumulation while the stock sat inefficiently priced below its all-time high. It has now made an all-time-high weekly close on volume. x.comÂ
Riot Platforms could be breaking out of a 13-year downtrend, extremely compressed on all timeframes and seeing its largest buy volumes ever. Shares rose 27% on the biggest buy volume since early this year and are attempting to break through the major $21.50-$22.20 zone; the thick volume levels it is entering now will be key. x.com x.comÂ
