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In addition to the Bitcoin and Ethereum purchases, WLFI acquired 3.42 million MOVE tokens valued at $1.45 million. Notably, the inflows were funded by an outgoing transaction of 25 million USDC ($25 million), suggesting a strategic capital deployment into crypto assets.
The timing of these transactions raises critical questions. With Trump scheduled to engage with key industry leaders at the upcoming White House Crypto Summit, the purchases have sparked speculation about potential regulatory shifts or upcoming policy announcements that could favor the digital asset space.
BREAKING: TRUMP JUST LOADED UP ON $10M IN $BTC & $10M IN $ETH!
JUST 1 DAY BEFORE THE WHITE HOUSE CRYPTO SUMMIT.
WHAT DOES HE KNOW?! pic.twitter.com/WoY4hMo7u5
— Merlijn The Trader (@MerlijnTrader) March 6, 2025
Bitcoin, Ethereum Technical Analysis
Bitcoin (BTC) and Ethereum (ETH) have both bounced from key support levels and are now trending toward the upper boundaries of their descending parallel channels, signaling a potential test of resistance in the near term.
Bitcoin Technical Outlook
BTC/USD is currently trading at $91,532, recovering after finding support in the $85,000–$87,000 zone, which previously acted as a strong demand area in December 2024. The price briefly dipped below the 200-day EMA ($85,838) before rebounding sharply, confirming its significance as a key support level.
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