- According to CZ, several countries are creating Bitcoin reserves after the US led the move.
- Binance advises the nation on the security and custody strategies of sovereign Crypto Holdings wallets.
- Bitcoin’s breakout out overresistance mimics past setups that sparked strong rally after the macro horror event.
Crypto Influencer Crypto Rover posted on July 5th that “many countries are buying #bitcoin for spares.”
According to CZ, the government is currently creating the national Bitcoin reserves, following the US lead. He explained that the US (one of the world’s largest economies) felt that because it held Bitcoin, he was putting pressure on other countries to act.
“The later you do it, the more expensive the cipher will be.”
CZ said during the discussion of the closing door.
Bitcoin Holdings in the US will make countries take action
Zhao said the US reportedly owns around 200,000 BTC. In response, other governments are seeking advice on how to start. According to CZ, Binance is actively helping the country set up cryptographic preparations and guides them through key decisions such as wallet infrastructure and custody.
“In most countries, starting amounts aren’t as large as the US,” he said.
He recommended that smallholders use multi-signature, specialized management solutions that one person has no access to funds. Once reserves are large enough, countries can migrate to self-controlled cold storage systems.
Binance advises the nation on both the basic and advanced setup processes, from choosing a wallet type to determining whether they have internal expertise to manage secure key storage. Zhao emphasized the importance of multi-layered security and facility-grade custody, especially in the early stages.
Bitcoin Breakout Signal Bullish Momentum Return
Meanwhile, a fresh breakout pattern on the Bitcoin chart indicates that a strong upward movement may be ongoing. This structure reflects previous breakouts from late 2023, causing sustained gatherings after the FTX collapse.
The chart shared by analyst Crypto Rover highlights historic FUD events, including tariffs, war horrors and currency market instability, repeatedly marking local bottoms. In both weekly and daily views, Bitcoin first formed a horizontal accumulation range, then broke above the descending resistance line. This breakout structure previously led to important gatherings.
The Bitcoin breakout pattern repeats historic setup. sauce: Crypto Rover
The top panel shows Bitcoin’s recovery in 2023 after FTX crashes. Following the long integration, a breakout took place on top of the downward trend, which occurred shortly after the “yen trade” dislocation. Bitcoin has since rallied at a new high.
The chart below displays a similar structure for 2025. Price action compressed with macro horror events, including war headlines and tariff pressure. Again, Bitcoin has broken above the line of resistance trends.
With a breakout confirmed, the setup is similar to a bullish reversal of the past. In both cases, accumulation under fear-driven conditions replaced trendline breakouts and sudden price movements.
The structure suggests that Bitcoin may be ready for another leg as macro uncertainty continues to drive demand for decentralized assets, and targets the next resistance zone.
Disclaimer: The information contained in this article is for information and educational purposes only. This article does not constitute any kind of financial advice or advice. Coin Edition is not liable for any losses that arise as a result of your use of the content, products or services mentioned. We encourage readers to take caution before taking any actions related to the company.
