Macro guru Raoul Pal says layer-1 blockchain Sui (SUI) is getting ready for a new phase of outperformance despite its recent consolidation.

On the social media platform X, Pal shares with his 1.2 million followers a chart suggesting that SUI has neared the bottom of a descending channel, and is finding support somewhere near the $2 level.

“For those of you in Sui, these are my chart reads…

Shorter term…”

And zooming out, based on another chart, Pal sees SUI trading within a large triangle pattern, hinting at bullish continuation.

“Longer term…”

Says Pal,

“My view is that as BTC breaks ATHs (all-time highs), [SUI] begins to outperform again and will remain in the top five majors in performance in this cycle.

Patience! Greed, desperation or FOMO (fear of missing out) never works…”

At time of writing, SUI is worth $2.82.

The investor recently said that the trend in the global money supply metric (M2) suggests that Bitcoin (BTC) could go up by around 29% from the current level.

“But at this point, it’s [the price of Bitcoin] really driven by liquidity. It gave us a three-month heads up to exactly the correction [of around $75,000 in April]. And yet Twitter said it’s about tariffs, it’s about the end of the world. It told you, it is telling you, and told you it would be at all-time highs. I told you it would be at all-time highs by May. It tells you we should be over $140,000 by July.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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DoubleLine Capital CEO Jeffrey Gundlach says that the trend of American exceptionalism has come to an abrupt end.

In a new CNBC interview, the billionaire “Bond King” says that foreign investors have been happily investing in US assets over the last two decades, leading to massive capital inflows to the tune of tens of trillions of dollars.

But now, Gundlach says he’s seeing signs that foreign investors are yanking capital out of US markets in favor of the euro and European equities. According to the hedge fund chief executive, the reversal in flows tells him that investors are now crowning a new market leader.

“Foreigners have been very willing – downright enthusiastic, almost euphoric – about buying dollar assets over the past 18 years or so. Over $25 trillion has been invested in US financial markets, more than the US has invested in foreign markets. 

That’s a massive increase. It went from $3 trillion to $28 trillion by one measure. That may be reversing, and this is part of the underpinning for why I think that the trend of US outperformance is over. And I mean over for real…

I’ve been recommending Europe in European currency for dollar-based investors. The [European] index has outperformed the US index by a decent amount, but if you had the currency side of it, if you own it in euros and you get the currency translation, you are just printing money right now. 

And that trade, I believe, is just getting started.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A closely followed crypto analyst says that Bitcoin may have one last breakout rally before altcoins start to outperform BTC.

The pseudonymous analyst known as Rekt Capital tells his 546,300 followers on the social media platform X that the Bitcoin dominance (BTC.D) metric may soon peak, opening the doors for altcoins to ignite explosive moves to the upside.

BTC.D calculates how much of the crypto market cap belongs to BTC. A peaking Bitcoin dominance chart suggests that altcoins are close to outshining BTC.

“Bitcoin dominance has one final leg left in its macro uptrend on the road to 71% (red). Any dips into 64% would constitute a retest. A successful retest would enable final trend continuation on the road to 71% (green box).”

At time of writing, Bitcoin dominance currently stands at 64.82%.

Next up, the analyst says that Bitcoin needs to hold a key support level at $93,500 on the weekly chart to maintain bullish momentum.

“Bitcoin has rejected from the lower high resistance (black diagonal). Going forward, Bitcoin will need to hold the $93,500 range low to fully confirm a reclaim of the range.”

Lastly, the analyst says Bitcoin may follow a similar pattern seen in April of 2024 on the weekly chart, eventually hitting new all-time highs if it plays out.

“This idea was first explored in mid-October 2024 and actually ended up playing out. It would be poetry if Bitcoin repeated history and followed through on the same path in this current range as well. For history to repeat, BTC would need to:

• Reject from $99,000.
• Hold $93,500.
• Break $97,000-$99,000.
• Reject from $104,500.
• Hold $97,000-$99,000 as support.
• Breakout to new all-time highs.”

Bitcoin is trading for $94,604 at time of writing, down 1.1% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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