Bitcoin (CRYPTO: BTC) should remain one’s biggest crypto position, followed by Ethereum (CRYPTO: ETH) and a smaller Dogecoin (CRYPTO: DOGE) allocation, according to prominent analyst Kevin Capital.
"It’s worked for me more than once," Kevin wrote on X on Sunday, saying “life-changing gains” can be made with such an allocation in a bull cycle.
Prominent investor Mark Moss echoed the upbeat sentiment in a separate interview with Scott Melker on Saturday.
Moss said the recent rally did not come without warning, citing CryptoQuant data that showed wallets holding more than 10,000 Bitcoin added roughly $2.9 billion in BTC over 60 days.
Wallets holding 10 Bitcoin or less reportedly sold nearly 10,000 BTC during the same period.
At the same time, institutional filings showed growing exposure:
- JPMorgan Chase & Co. increased its BlackRock Bitcoin ETF position by about 25% during the second quarter.
- Paul Tudor Jones reportedly raised his Bitcoin exposure by 18.9%.
- Stanley Druckenmiller’s family office added positions in Bitcoin miners expanding into artificial intelligence and high-performance computing.
Why Bitcoin Looks Good After the Rally
Moss further pointed to Bitcoin’s response to negative headlines as a major bottom signal. Hacks, data breaches and concerns about Strategy Inc. (NASDAQ:MSTR) selling Bitcoin failed to push the asset below its range.
Markets stop falling when sellers run out, Moss argued. Institutions defending the $60,000 area helped absorb supply before the rally triggered short liquidations and momentum buying.
He also linked the move to Treasury Secretary Scott Bessent’s plan to expand bond buybacks — an announcement that is a signal that policymakers will intervene to contain bond-market stress and support liquidity.
Suppressing yields could weaken the dollar’s purchasing power and increase demand for scarce assets.
Moss now places an 80% probability on $58,000 marking the cycle low. He sees a possible retest near $65,000 to $69,000 but does not expect Bitcoin to break its former bottom.
Image: Shutterstock
Image: Shutterstock