Combat Picks
$BTC long setup. Risky, so use low funds. Leverage X20 Target- 31550$ - 31730$ - 31880$ - 31980$ Stop- 30800$
4th 🎯 done.
Over 70% profit in under 20 hours. ENJOY !!
Send us your profits if you were brave enough 😂
Over 70% profit in under 20 hours. ENJOY !!
Send us your profits if you were brave enough 😂
Combat Picks
$ETH long setup. Entry: 1885 - 1915 Targets: 2012 - 2086 - 2150 SL: 1840
Still valid, SL was not hit. If you entered at that time, hold and wait for targets !
Binance Completes 16th Quarterly BNB Burn - link
Binance
Binance Completes 16th Quarterly BNB Burn | Binance Support
Fellow Binancians, We have completed our 16th quarterly BNB token burn of 1,296,728 BNB (roughly $393,673,653.52 equivalent). The latest quarterly burn includes the actual burning of 1,291,565 BNB,...
UPDATE: Bitcoin have lost 31k and 30k. Slowly dropping down without any volume. Seems that everyone agreed with the idea that BTC will be back to 20k in any case. Just waiting for that to happen. Once cross 28800 drop to 24k will happen very fast.
🟥 31000 - 31800 - 32300
🟩 28700 - 23500 - 19700
🟥 31000 - 31800 - 32300
🟩 28700 - 23500 - 19700
VERY GOOD ARTICLE
Approximately 6.2M BTC, equivalent to 33% of the circulating supply is currently holding an unrealized loss — link
Approximately 6.2M BTC, equivalent to 33% of the circulating supply is currently holding an unrealized loss — link
Summary of Bull Case
• Net Entity growth remains positive as fewer entities are destroyed, and more are created. This resembles a 'dollar cost average' style accumulation environment.
• Exchanges have seen net outflows after an extended period of inflows since mid-May.
• Miners are in net accumulation suggesting sell pressure due to the Great migration is being mitigated or offset by accumulation by profitable miners.
• Long-term holders and bull market HODLers appear unshaken by volatility and lower prices. The volume of coins held in illiquid state continues to grow, and the potential supply squeeze is coming from a much higher base than the 2018-19 bear. This demonstrates the remarkable conviction of BTC holders to weather extreme volatility.
Summary of Bear Case
• Market is trading at the low end of a high on-chain volume cluster with very little cost basis support.
• GBTC discount persists, declining Purpose ETF inflows and OTC desk inflows suggest lacklustre institutional demand.
• On-chain activity (volume and entities) remains significantly down from the highs. Utilisation of the Bitcoin network for value transfer suggests low demand.
• Losses continue to be realised on-chain and a total of 6.2M are currently held at an unrealised loss. These coins may well form overhead resistance and sell-pressure.
• Net Entity growth remains positive as fewer entities are destroyed, and more are created. This resembles a 'dollar cost average' style accumulation environment.
• Exchanges have seen net outflows after an extended period of inflows since mid-May.
• Miners are in net accumulation suggesting sell pressure due to the Great migration is being mitigated or offset by accumulation by profitable miners.
• Long-term holders and bull market HODLers appear unshaken by volatility and lower prices. The volume of coins held in illiquid state continues to grow, and the potential supply squeeze is coming from a much higher base than the 2018-19 bear. This demonstrates the remarkable conviction of BTC holders to weather extreme volatility.
Summary of Bear Case
• Market is trading at the low end of a high on-chain volume cluster with very little cost basis support.
• GBTC discount persists, declining Purpose ETF inflows and OTC desk inflows suggest lacklustre institutional demand.
• On-chain activity (volume and entities) remains significantly down from the highs. Utilisation of the Bitcoin network for value transfer suggests low demand.
• Losses continue to be realised on-chain and a total of 6.2M are currently held at an unrealised loss. These coins may well form overhead resistance and sell-pressure.
Despite the Bitcoin markets slipping below $30,000, on-chain data suggests accumulation may be underway, as $1 billion worth of BTC leaves exchanges each mounth -source