Macro investor Lawrence Lepard believes that the Bitcoin rally has just begun, with a target price of $200,000, mainly driven by structural depreciation of the dollar. He pointed out that the Fed's new round of $40 billion monthly money printing and unsustainable fiscal deficits are catalysts for Bitcoin's rise, and recommends investors buy at current prices to hedge against currency devaluation risk. Lepard believes that Bitcoin has advantages over gold due to its high institutionalization and decreasing supply.

CryptoWorld News reports that Whale Alert tweeted: Cumberland transferred 800 BTC to an unknown wallet, worth approximately $52,524,000.

Let's talk about this chart. BTC broke below 69k and is now under pressure along with the overall macro market, showing a quite weak trend. 69k is a critical watershed for me; if we don't see at least the 50k region in the next one or two months, I will be genuinely surprised. We have already completed a healthy 50% retracement, corresponding to a correction in the bearish wave. Of course, the most ideal scenario is to surge to 80k first, so we can position for another wave of shorting, but that possibility is decreasing day by day. If more negative news comes out this weekend, we might just bail out completely. That said, the market is currently highly driven by news, and a brief pause might provide some breathing room... but don’t bet the farm on it. The trend is already established, still leaning bearish, and structurally healthy. $BTC