Every trader has a favorite month. July became that month—a euphoric, no-brakes, dopamine-dripping bull run for crypto.
BTC Hits $120K. And ETH? Leads the Charge.
Let’s get the obvious out of the way. Bitcoin climbed its way past $120,000. That’s not speculation. That’s right there in the chart. It didn’t just rally—it marched upward like it had a personal vendetta against shorts.
And yet, as dominant as BTC looked, the real magic happened elsewhere.
BTC dominance collapsed, a classic sign of an altcoin season in full bloom. This isn’t just BTC taking a breather. This is the entire crypto market voting with liquidity, saying: we’re ready to gamble again.
And who’s leading that charge?
You guessed it. Ethereum.
ETH didn’t just tag $3K. It blew through it like it was trying to make up for the last 18 months of being forgotten. The chart says it all.
Up to $3,800+. Just look at that clean break. That’s not retail doing magic—it’s TradFi money moving in, fast and quietly.
ETH Strategic Reserve: The New $MSTR?
It’s happening under the radar. Nasdaq-listed companies like $SBET are starting to accumulate ETH. Yes, really. Think of it like MicroStrategy, but for Ethereum.
Strategic reserve. Treasury allocation. The kind of language that sounds boring—until it pumps your bags.
The goal? Front-run regulation and grab the next “digital commodity” before ETFs and Wall Street bros ruin the party with their neatly ironed suits and conference slides.
July was the first visible proof that ETH isn’t just back—it’s maturing. Not into a meme. But into a macro play.
Meanwhile, in My Trading Journal: Pain
I wish I could say I took advantage of all this.
But I didn’t.
I was forged in the cold fires of chop. Backtested strategies in sideways hell. My entire playbook screams, “Mean reversion!” and July looked at me and said, “No thanks.”
So I did the worst thing a systematic trader can do: I abandoned the system. I got emotional.
I chased breakouts with zero plan.
I bought strength with no stop.
I turned into that guy.
“You merely adopted the dark. I was born in it, molded by it.”
— Bane, The Dark Knight Rises
Unfortunately for me, being molded by the bear made me blind to the bull.
And every FOMO trade I entered reminded me that I didn’t belong in this kind of market—yet.
Lesson Burned Into My Brain
Let this be your reminder (and mine):
Your edge only works in the market it was designed for.
Markets evolve.
Narratives shift.
Momentum becomes the strategy, not the trap.
In July, price didn’t care about being overextended. It just kept going.
Risk management didn’t reward caution. It punished hesitation.
And so, while others made money, I learned.
Adapt or get benched. That’s the deal.
TL;DR (for your dopamine-fried brain):
- BTC hit $120K. ETH nearly touched $4K.
- BTC dominance dumped = altcoin season confirmed.
- ETH is being treated like BTC 2.0 by TradFi. $SBET and others are front-running.
- July was a goldmine—if you could let go of your bear market trauma.
- I couldn’t. So I didn’t profit.
July was a bull market.
I was still stuck in 2022.
But the good thing about trading? There’s always a next trade.
Just don’t fumble it like I did this time.
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