#Bitcoin sentiment is in fear again!

Market Insight:

Bitcoin ETFs are buying the dip on 5th July as the market tanks hard.

Follow the smart money and keep an eye on these strategic moves.

Bitcoin prices are hovering very close to the average cost of production for Bitcoin miners

Digital asset investment products saw inflows totalling $441m, with recent price weakness prompted by Mt Gox and the German government selling pressure likely being seen as a buying opportunity.

The heatmap indicates high liquidity above the $58,000 level, suggesting a potential movement towards this point to access the liquidity. Keep a close watch on the liquidation data.

USDT holds the top spot with over $112 billion market cap among stablecoins, while USDC takes second place with a market cap of $32 billion.

In Q2 2024, venture capitalists invested $3.194bn (+28% QoQ) into crypto and blockchain-focused companies across 577 deals (-4% QoQ)

BREAKING: 🇺🇸 US #inflation falls to 3%, It's lower than expectations.

The current bull rally is slightly behind previous rallies, but not by much. Historically, BTC shows rapid growth 6-8 months after Halving.

NVIDIA became the largest Public Company by Market Cap Surpassing Microsoft and Apple.

🚨Breaking: 🇩🇪German Government has sold 27,154 #btc in total till now and have 22,846 #btc left remaining worth $1.3 billion

#Bitcoin whales are accumulating at their fastest rate since April 2023.

Aaccirding to CryptoQuant, Whales accumulated 85K #BTC in the last 30 days.

Historically, Q3 has been the weakest period for Bitcoin, often due to supply distribution from bankruptcy estates.

However, Q4 typically sees the strongest performance, driven by factors such as the U.S. election, halving effects, cash distributions from the FTX estate, and easing macroeconomic conditions.

This trend suggests potential resilience and growth for Bitcoin as it moves through these cycles.

The #German government has sold 88.4% of its original 50,000 $BTC, leaving them with 5,800 #Bitcoin .

In Q2 2024, venture capitalists invested $3.194bn (+28% QoQ) into crypto and blockchain-focused companies across 577 deals (-4% QoQ)

🚨BREAKING: German Government sold all confiscated #bitcoin. They have 0 #btc left in wallets.

Bitcoin’s recent decline below the 200-day moving average (DMA), marking its deepest correction since late 2022, has resulted in significant unrealized losses for many short-term investors, according to a new report by Glassnode analysts.