🪙 Whale #Bitcoin addresses are currently at their highest activity level in the history of #BTC.

#CryptoNews

#Analytics #Bitcoin

🪙 #BTC/#USDT held its position above the support zone of $64,500-$67,700 and broke the short trend.

📈 If market participants maintain the price above $68,500, a good long setup with cascading levels up to $71,979 is forming.

An alternative scenario is further consolidation until news is released.

not a trading recommendation

⚡️ A significant capital inflow of $886.8 million into spot #BTC #ETFs occurred yesterday

This inflow was the second largest since the launch of the ETF. The inflows have continued for 16 consecutive trading days, reaching $3.2 billion

Currently, U.S. spot #bitcoin ETFs hold coins worth more than $61 billion, which accounts for 4.43% of all existing bitcoins 🪙

🪙 #Bitcoin is leading in asset returns

#BTC shows a growth of +59.75% since the beginning of this year

🪙 In second place is silver with +24.8%

Next are the indices and gold:

#Nasdaq +14.16%
#Gold +12.87%
S&P500 +11.57%

#CryptoNews

#Opinion

🪙 Robert Kiyosaki now expects #Bitcoin to reach $350,000 by the end of August. Previously, his forecast was $125,000 by the end of the year.

The author of financial bestsellers (not our opinion — aggregator sites consider it so) stated that he continues to buy #BTC, #Ethereum, and #Solana because he is fully confident in their further growth.

In addition, Robert called the current President of the United States, Joe Biden, incompetent in the matter of cryptocurrencies and urged adding #gold and #silver to one's investment portfolio.

🪙 Capital inflows into spot #BTC ETFs have lasted a record 18 consecutive trading days

The most funds, $350 million specifically, have flowed into the #IBIT fund, which belongs to #BlackRock. Currently, their balance is valued at more than 300,000 #BTC.

BlackRock has bought all the businesses, and now they want to buy all the bitcoins 🗿

#CryptoNews

#WordOfTheDay

#Litecoin — how to spell this word in Morse code?

To be honest, we don't know, and why would you need this — we are not living in a post-apocalyptic world yet where only analog communication works 🤷‍♂️

But we do know an interesting fact about #Litecoin:

The coin was created by former #Google engineer Charlie Lee, and it was launched on October 13, 2011 as an alternative to #Bitcoin.
In a world where digital gold emerged, Lee aimed to create a digital analogue of silver — a lighter and faster version of the first cryptocurrency, which was #BTC.
Litecoin was based on the original Bitcoin code with some modifications. For instance, changes were made to the hashing algorithm, and the block generation speed was increased.
Today, Litecoin continues to develop and is supported by a community of developers, but the coin has lost its position to more promising blockchains.

🔼 Demand for #BTC is eight times higher than the mining rate by miners

The rate of investment in #Bitcoin by US exchange-traded funds is eight times the volume of new coins being mined. Last week, inflows into spot Bitcoin #ETFs amounted to $1.8 billion (equivalent to 25,729 BTC). During the same period, only 3,150 coins were mined.

#CryptoNews

📉 Yesterday, the U.S. Federal Reserve maintained the base interest rate at its previous level

#Bitcoin reacted with a decline, losing the gains observed since the beginning of the day, and long positions in #BTC were liquidated for more than $10 million.

If you want to learn more about how and why the key interest rate affects digital gold, leave a 🔥 under the post, and we will prepare a special report for you.

#CryptoNews

#Analytics

🪙 Experts believe that #Bitcoin is in its longest consolidation period and predict an explosive growth once it breaks out of this range

In previous cycles, consolidation periods were shorter but still led to all-time highs in the value of #BTC 🚀

#Analytics

🪙 Experts from Bernstein have raised the expected target price for #BTC to $200,000

Analysts expect this price by the end of next year.

#CryptoNews

📉 The price of #BTC has dropped to a monthly low

Following Bitcoin, altcoins from the top 100 by market capitalization also went down. Meanwhile, the total volume of long liquidations over the past day has exceeded 400 million dollars.

#CryptoNews

🪙 #Bitcoin went down for three main reasons:

🔽 Decrease in stablecoin issuance — less new money is entering the market

📉 Decline in miners' revenue — they are forced to sell more #BTC to cover expenses

💸 Outflow from bitcoin-#ETF — major players have started to exert more influence on the market and are putting pressure on the price

Do you agree with this, and do you see any other reasons for the recent drop in the price of digital gold?

#Analytics

🪙 Experts from #CryptoQuant state that if $65,800 is breached, the price of #BTC could drop to $60,000

💔 — Bitcoin is doomed
😎 — I’ll buy more for cheap

🪙 #Bitcoin Is testing short-term holders

The falling price of #BTC is forcing more panic-prone market participants to sell, which could lead to a price below $60,000 per coin 📉

#CryptoNews

📉 #BTC is falling

Analysts from 10x Research warn that in the near future #Bitcoin may correct down to the $50,000 level

😭 — There’s no takeoff
🔥 — Short sellers will get wiped out, and then we’re going to the moon

🪙 #Analytics #Bitcoin

The 58970 zone is a strong support level for buyers.

📈 Mid-term trade:

Buy #BTC/#USDT in the range of 58000 - 61000.

Targets: Close 80% of the position at 64700 - 66100. Set a stop order at breakeven for the remaining 20%, aiming for a breakout of the ATH at 73946.

this is not a trading recommendation

⚠️ The Fear and Greed Index has moved into the fear zone and currently stands at 30

The index can range from 0 (maximum fear) to 100 (maximum greed) and reflects market sentiment. A low value signals oversold conditions, while a high value warns of a possible correction.

Amid the drop in #BTC to $59,000, the index has entered the fear zone for the first time since last September. In the past 24 hours, around $300 million worth of Bitcoin long positions have been liquidated.

Now, we await the liquidation of short positions 🤟

#CryptoNews