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BTC UPDATE

The price has touched the $27,500 resistance for the third time and what we see right now is called rejection.

Overall, the Ascending Triangle pattern is still in play and we can expect a breakout of the $27,500. However, entering the market right now is EXTREMELY risky.

Therefore, the trade plan is quite simple: if we see a breakout upwards - we buy | if we see a breakdown downwards - we sell.
#Bitcoin has found the bottom
πŸ‡­πŸ‡° Hong Kong to let retail investors buy #bitcoin    from June 1st - Bloomberg πŸ™Œ
Currently, Major Asset Inflows to Exchanges resides at a cyclical low of $1.65B, the lowest value since the start of the primary Bull Market.

With Exchanges being the primary destination for market speculation, a large compression in inflows highlights the fact that structural market liquidity remains extremely low. This is further compounded by the recent removal of major market makers like Jane Street and Jump Crypto.

With an increasingly illiquid market, with very thin order books, the likelihood of market volatility largely increases.
JUST IN: πŸ‡ΊπŸ‡Έ House Speaker McCarthy says "we're not raising taxes. The problem is Washington spends too much."
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πŸ‡ΊπŸ‡Έ Biden does it again

According to Joe Biden, Nancy Pelosi saved the US economy during the Great Depression (1929-1939).

Well, almost. She was born in 1940. Maybe the president believes that her conception put an end to it?

Or maybe the geezer meant to say "the Great Recession," which happened in 2007, but who knows what they were doing in the White House in 1940...

Interesting how it will come out this time?
UK CPI beat expectations
Informative Post
The SmartMoney(made 1,219 $ETH on $PEPE) spent 200 $ETH ($363K) to buy 230B $PEPE at $0.000001581 again 15 hrs ago.

And he also spent 165 $ETH($300K) to buy 3.98B $RFD at $0.00007529 2 hrs ago.

And this guy made a profit of 102 $ETH($185K) on $RFD in 2 days.

The SmartMoney also bought other 3 tokens recently, which are currently at a loss.

Bought 7.2B $midwit($15,373) with 20 $ETH($36,348) 5 hrs ago.

Bought 25,521 $VEGA($38,792) with 26 $ETH($47,027) on May 23.

Bought 20.24T $COMFY($2,332) with 2 $ETH($3,639) on May 22.

Address: 0x4614840e8978652db0e3cc1fbc70987ff17b972c
A smart whale who made ~$2.5M during #USDC depegging is long $ETH on #Aave.

Today, this whale:

- Exchanged a total of 7,169 $ETH for 7,169 $stETH.
- Deposited 7,169 $stETH into #Aave.
- Borrowed 8.45M $USDT.
- Deposited 8.45M $USDT to #Binance (possibly buying $ETH).

The whale deposited 28,755 $stETH($52M) to #Aave and borrowed 36M $USDT in total.

The health rate is 1.2.

It will be liquidated when the price of $ETH decreases by 20% (~$1,511).

During the #USDC depegging, the smart whale exchanged a total of 66.6M $USDT for 69.2M $USDC.

Then exchanged $USDC for $USDT when $USDC returned to the peg in April.

Made a profit of ~$2.5M!

Address: https://debank.com/profile/0x171c53d55b1bcb725f660677d9e8bad7fd084282
A 10-year retrospective on Ranking returns of major asset classesπŸ’₯

Despite its (shrinking) volatility, πŸ’° #Bitcoin has outperformed all major asset classes in 7 out of 10 yearsπŸ’°

2023 started with +65% returnπŸ“ˆ from #BTC What a Start!
Note that Fantom Foundation Wallet has removed 449,740 $MULTI ($2.4M) from liquidity on Sushiswap 30 mins ago.

Very likely to sell off! #MultiChain

https://etherscan.io/tx/0x64bfae0ef13c3c515ae674c9a847ec5870fbeb0915e4bfa31ec404c4799b7ebb
🚨ALERT: Transactions On The Cross-chain Bridge Protocol "Multichain" Getting Stuck & Delayed. MULTI Token Price Down -27%. Some Unverified Rumors About Multichain Also Spreading On Twitter. Please beware Of Risks !

πŸ—žοΈ SOURCE
Reducing the tax burn rate of $AIDOGE tokens from 15% to 8%

πŸ—žοΈ SOURCE
#BITCOIN   BREAKING BELOW CRITICAL SUPPORT! 🚨
FOMC coming πŸ””
JUST IN: πŸ‡¨πŸ‡³ China's Central Television network just broadcasted the news that Hong Kong is allowing retail investors to buy #bitcoin   

China is quietly allowing it again... πŸ‘€
A whale deposited 9.75M $FTM ($3.2M) to #Binance at a loss an hour ago.

The average receiving price of $FTM from #Binance was $0.4.

If he sells now, he will lose more than $360K.

https://debank.com/profile/0xfc977dcc6d26e738cc7b667aec6575292f89e116/history?token=0x4e15361fd6b4bb609fa63c81a2be19d873717870_FTM_eth
Justin Sun withdrew 469,908 $USDD from #Multichain 20 mins ago.

And he also bought 17,830 $MULTI ($90,579) in August last year, when the price was ~$5.4.

He is currently at a loss.

https://etherscan.io/address/0x3DdfA8eC3052539b6C9549F12cEA2C295cfF5296