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.

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 — link

Heatmap of Top 200 Coins (1d) 📊

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

Inflows into #Bitcoin Spot ETFs are on the rise. Five days in a row of positive net flows for the first time in over a month.

This is a good sign for the market. If the trend continues, it will be bullish for Bitcoin. 📈

Since Germany has finished selling their #Bitcoin   , the price has increased almost 13% 🚀

Some potentially gamefi early bird projects.

Highly recommend. 🍀😘❤️

🇩🇪 German government puts out press release covering their "market-friendly sale" of 49,858 #Bitcoin.

It states, "the sale of assets even before the conclusion of ongoing criminal proceedings is always legally required if there is a threat of a significant loss in value of about ten percent or more. These conditions were always met with the volatile Bitcoins due to the enormous and extremely fast price fluctuations."

"From the beginning, less than one percent of the market volume of Bitcoins was regularly traded over 90 percent over the counter in a market-friendly manner. On this scale, there is no direct influence on the Bitcoin price."

BlackRock bought 1,600 #Bitcoin yesterday

They bought 18,600 #Bitcoin since the beginning of July

Only 8,100 new $BTC were mined

#Altcoins
Markup preparatory mode after the shakeout.

Send it higher

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Mass disruption to payment systems in different parts of the world including Australia
Australian government calls emergency meeting due to global IT outage - ABC

Major banks, media and airlines affected by major IT outage.

#Bitcoin not affected

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GLOBAL TECHNICAL OUTAGE IMPACTS MICROSOFT-BASED PCs

A global technical outage impacted computers running Microsoft Windows across the world on Friday. According to several media, airline operations, terminal services, telecommunications companies, TV and radio broadcasters, supermarkets and other critical infrastructure have been taken offline after all Windows machines suddenly BSoD'd (Blue Screen of Death). Cybersecurity company Crowdstrike added that the cause is currently under investigation.

Crowdstrike stock, $CRWD, falls over 12% in pre-market trade after an apparent global outage.

Crowdstrike is one of the world’s largest cybersecurity firms.

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