We have been consistently accumulating. 🍀

Supply 10-100 #BTC has shown growth recently, but it's hard to call this accumulation that could affect the price.

The real accumulation occurred at the 17-20K level and after the ETF launch at 40-66K.

The 40K level could become a good stress point to test 💎🙌 newbies.

Basically Retail Flushout is common.

Also, we started building again in October - November 2022. Good response from the market till now and Feels like a rebuild again near 45k if possible. Till then I am fully DCA and Compounded.

This Bull run will be Institutionalized. Lets see how things goes. Be Braced and Blessed, Good Luck Everyone 🍀.

The Exchange Flow Multiple (30D/365D) has dropped to its lowest level. This is the fifth time in the last six years.

The most accurate name for this market situation is "waiting period."

HODL ✊ #btc #crypto

55k untapped liquidity #btc

Permanent holders, mostly custodial wallets with no outflows, accumulated 85K #Bitcoin in the last 30 days.

These wallets are neither ETFs, exchanges, nor miners. During the same period, 16K #BTC flowed out of ETF holdings.

While some panic sell, "the others" are buying.

#BTC $BTC

🇩🇪The German government is continuously moving their bitcoin, likely to sell, which is keeping bitcoin prices low.

After the recent Bitcoin drop, they changed their strategy to sell on OTC desks to minimize the price impact.

Our last successful spot buying call for Bitcoin between $52k-$55k suggests that once the selling pressure is over, we might not reach those levels again soon.




PS: 🇩🇪 They are now left with 18,860 #BTC (💵 $1.11B) after the last transfer today.

The #Bitcoin wallet of the German government continues to decrease.

#btc 4h
Still see bearish pressure. 60.5k flip hold necessary for bullish control.

On July 10, the total net inflow of Bitcoin spot ETFs was $147 million, and the net inflow continued for 4 consecutive days. Grayscale ETF GBTC outflowed $8.1525 million. Fidelity ETF FBTC had a single-day inflow of $57.7857 million, and Franklin ETF EZBC had a single-day inflow of $31.6615 million.

🇩🇪 Germany now has only less than $1 billion in #Bitcoin available left to sell.

HODL ✊

#BTC_Update
Started July off with a -15% dump but has since brought that back to -6% on the month.

July is historically speaking the best month within Q3 and September is the worst.

for this

$BTC #btc potential liquidations in the short term due to high leverage.

Current data shows:

📊 Price: $58,113.8
🔴 Short liquidations around $58,300 - $58,650
🟢 Long liquidations clusters: $58,000 - $57,600 and $57,450 - $57,150

July 25-27: Donald Trump to speak at #Bitcoin 2024 conference in Nashville.

This event could have a significant impact on the price of #BTC 📈

Be ready.

🇺🇸 June CPI inflation rate falls to 3.0%, below expectations of 3.1%.

Core CPI inflation fell to 3.3%, below expectations of 3.4%.

This marks the 39th consecutive month with inflation at or above 3%.

It's also the 3rd straight month with declining CPI inflation.

🇺🇸 CPI inflatioN fell by -0.1% in June 2024, below expectations of a +0.1% increase.

This is officially the first NEGATIVE month-over-month inflation print since May 2020.

The Fed is going to love this inflation report.

🇺🇸While June CPI inflation is at 3.0%, inflation is much higher in many basic necessities:

1. Car Insurance Inflation: 19.5%
2. Transportation Inflation: 9.4%
3. Hospital Services Inflation: 6.9%
4. Car Repair Inflation: 6.0%
5. Electricity Inflation: 5.9%
6. Homeowner Inflation: 5.4%
7. Rent Inflation: 5.1%
8. Food Away From Home Inflation: 4.1%

Inflation has been at or above 3% for 39 consecutive months now.

While June CPI was a move in the right direction, elevated inflation in key categories makes inflation feel much higher.

We've also now had over 3 years of compounding inflation.

Affordability is still getting worse.

🇺🇸SEC officially ends investigation into stablecoin issuer Paxos, declares $BUSD is not a security.

TON- Moving in a symmetrical triangle so wait for Breakout or Breakdown

A new CME report has been released, based on which we can conclude that institutions are starting to increase their positions, likely in anticipation of higher volatility 📉📈

Waiting 🍿

#BTC

Over the week, the open interest in CME futures decreased by $2 billion.

Okay, it seems the major players are losing faith.