The Royal Government of Bhutan deposited 700 #BTC ($43.75M) into Binance.

Deposit volumes in Bitcoin and altcoins on exchanges have surged, historically signaling periods of heightened volatility in the crypto market. On June 30, the daily indicator for the first cryptocurrency jumped to 49,000 BTC — such extremes in the vicinity of 50,000 BTC have been observed only four times since the beginning of the year, noted Julio Moreno, head of research at CryptoQuant.

#ADAUSDT 1D Update

Keep an eye on the #ADA chart.

#TIAUSDT 3D Update

#TIA is up around 12% and has successfully broken above the descending resistance and the 3D SMA50. It is now approaching the Ichimoku cloud.

In case of a breakout above the cloud, the potential upside targets from our previous analysis remain valid and in play:

🎯 $0.5240
🎯 $0.6916
🎯 $0.9424
🎯 $1.1451
🎯 $1.3478
🎯 $1.6364
🎯 $2.0040

⚠️ Always remember to use a tight stop-loss and maintain proper risk management.

One of our most insightful on chain metrics is the Hyperliquid Entry Price Heatmap. It shows the exact price levels at which traders enter positions. Large longs from $72-76k and shorts from $60k are currently under water, leading to fragility in either direction.

For the next parabolic growth cycle of Bitcoin, an inflow of more than $1 trillion of new capital into the market will be required, according to CryptoQuant founder and CEO Ki Young Ju.

He pointed out that in 2011, an inflow of just $2.7 billion resulted in a price increase of 55,436%, while in the current cycle, $697 billion "yielded slightly more than 689% returns."

On average, active Bitcoin holders are down 20%. That’s how real bottoms begin to form.

10.5 million BTC are now sitting at a loss

The last few times this happened…

It marked the cycle bottom

#AUSDT 1D

#A is moving inside a falling wedge pattern on the daily chart and has bounced off the support zone. It has also formed a double bottom pattern, and is currently testing the neckline, which aligns with the wedge resistance. This makes the zone a key confluence level.

In case of a breakout above these levels and the Ichimoku cloud, the potential upside targets are:

🎯 $0.0810
🎯 $0.0875
🎯 $0.0941
🎯 $0.1033
🎯 $0.1151

⚠️ Always remember to use a tight stop-loss and maintain proper risk management.

#BREVUSDT 1D

Keep an eye on the #BREV daily chart. In case of a breakout above the wedge resistance and the daily SMA50, the potential upside targets are:

🎯 $0.1045
🎯 $0.1154
🎯 $0.1262
🎯 $0.1417
🎯 $0.1614

⚠️ Always remember to use a tight stop-loss and maintain proper risk management.

Glassnode: The options market is currently pricing in low future volatility for BTC. While upside expectations remain unchanged we see less demand for short exposure. This could be the first sign of optimism returning to the options market.