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In today's show, Bitcoin sellers are in disbelief or the Bitcoin price wouldn't still be

above $41,000. Taking a look at the Bitcoin one month candle chart, you can see July closing just above that $41,000 mark above $41,000. Taking a look at the Bitcoin one-month candle chart,

you can see July closing just above that $41,000 mark as the Bulls engulf this monthly chart.

And as Plan B points out, Bitcoin July closing price, $41,490, it bounced from the lows.

Like clockwork, meaning the stock the flow model is still intact. And as Lex Mobinsky points out,

long-term Bitcoin hoddlers are selling into this bounce with minimal profit, as indicated by the

long-term hoddlers SOPR, hitting this year's lows for two days straight. This is one of the reasons

we're still at $41,000. Disbelief. Also in today's show, German law, allowing institutional

funds to hold crypto, comes into

effect August 2nd. That's right. Tomorrow, German institutional funds will be able to hold up to

20% of their assets and cryptocurrencies, possibly setting the stage for wider mainstream

acceptance of Bitcoin and other crypto assets by the nation's pension funds. Also in today's show,

Bitcoin Supercycle sets up

quarter four Bitcoin price top as illiquid supply hits all-time high. That's right,

illiquid supply ratio has taken yet another leg up. Bitcoin supply shock is now at levels that

previously priced Bitcoin at 53K. Consolidation after 10 straight green days is very reasonable,

but still remain bullish over the

coming weeks. And as direct capital shares, Bitcoin has broken beyond the 21 week exponential moving

average, which is a time-tested bull market indicator, as the amount of Bitcoin held by the

strongest hodlers has retraced a whole dump and surge to all-time highs. This is another

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