#BTC $BTC
π©πͺThe 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: π©πͺ They are now left with 18,860 #BTC (π΅ $1.11B) after the last transfer today.
π©πͺThe 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: π©πͺ They are now left with 18,860 #BTC (π΅ $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.
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.
#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.
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.
$BTC #btc potential liquidations in the short term due to high leverage.
Current data shows:
π Price: $58,113.8
π΄ Short liquidations around $58,300 - $58,650
π’ Long liquidations clusters: $58,000 - $57,600 and $57,450 - $57,150
Current data shows:
π Price: $58,113.8
π΄ Short liquidations around $58,300 - $58,650
π’ Long liquidations clusters: $58,000 - $57,600 and $57,450 - $57,150
πΊπΈ 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.
πΊπΈ 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.
πΊπΈWhile 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.
πΊπΈSEC officially ends investigation into stablecoin issuer Paxos, declares $BUSD is not a security.
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.
πΊπΈ 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.
πΊπΈWhile 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.
πΊπΈSEC officially ends investigation into stablecoin issuer Paxos, declares $BUSD is not a security.
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 ππ
Waiting πΏ
#BTC
Waiting πΏ
#BTC
Forbes counted the top ten cryptocurrencies with the best performance in the first half of 2024, which are:
WIF: up 1,306%, market cap $2.1 billion
Pepe: up 815%, $5 billion
FET: up 545%, $3.6 billion
Floki: up 392%, $1.6 billion
JASMY: up 343%, $1.4 billion
AR: up 188%, $1.8 billion
Core: up 152%, $1.2 billion
Toncoin: up 135%, $18.8 billion
BGB: up 100%, $1.6 billion
Bonk: up 90%, $1.5 billion β link
WIF: up 1,306%, market cap $2.1 billion
Pepe: up 815%, $5 billion
FET: up 545%, $3.6 billion
Floki: up 392%, $1.6 billion
JASMY: up 343%, $1.4 billion
AR: up 188%, $1.8 billion
Core: up 152%, $1.2 billion
Toncoin: up 135%, $18.8 billion
BGB: up 100%, $1.6 billion
Bonk: up 90%, $1.5 billion β link
Forbes
These Meme Coins Outperformed Bitcoin In 2024 First Halfβs $600 Billion Crypto Rally
Bitcoin accounted for almost two-thirds of the crypto rally, but several tokens, including one named after Elon Muskβs dog, delivered higher percentage gains.
If history rhymes #Bitcoin will have boring price action during the summer and the exponential run in Q4
While you were scared, whales just bought $4.3 billion worth of #Bitcoin