Long-term holders buy BTC into weakness and sell into strength.

We've just gotten our first red prints on LTH net position change in over 6 months, showing bull market distribution has begun.

Bitcoin realised cap has resumed an uptrend and reached an ATH of $450B, as coins are distributed and revalued higher

Bitcoin Options markets currently have over $12.6Billion in open interest, near all-time-highs.

This level of Option OI has been sustained for around 1 month, and is similar to the highs during March and April.

The total crypto marketcap is bouncing from the major support of $2.5 trillion area. The total crypto market is bullish as long as it holds above this major support level. The major resistance is $3 trillion and a breakout above this will give a good rally in whole crypto market. The next lower support is $2.25 trillion.

The total marketcap of altcoins are now at the major support area. Altcoin marketcap is holding the support area and accumulation is going on. You can add some good coins in your portfolio near support area. The resistance is $1.7-$1.75 trillion area and after a break of this we will a rally towards $2 trillion area. The next support is $1.2-$1.25 trillion area.

US Dollar Index (DXY) Update:

DXY breaks the resistance of 94.7 level and give a good rally. This is the reason behind BTC downtrend. The lower support for DXY is 95.5 and major support is 94.7 area. We will see a test of lower support in coming weeks. The resistance is 97.7 and 99.3 area. The local resistance is 96.8 and we may see downward movement after touching it.

Bitcoin and crypto market gives good rally when DXY test the lower support area. Keep an eye on DXY reversal.

Ethereum max pain price $4,100, $1.24 billion notional value, put/call ratio 0.53

These news crashed the market

$AVAX

bids on 80-85$ if we get there

Digital asset investment products saw inflows totalling $306m last week, bringing month-to-date inflows to $787m and year-to-date inflows to a record US$9.5bn

#BTC is following #SPX

Bitmex insurance fund is now worth $2.15 billion

Bitcoin currently sits in one of the largest realised value clusters. Over 2.208m $BTC have last moved on-chain between $55k and $60k

Celsius Network confirms it lost money in the BadgerDAO DeFi hack — link

Market crash

More than a billion dollars liquidated. Btc tested the major liquidity (demand area) of $42,000 and quickly bounced from there. Btc needs to go above $50,000 otherwise we will see range trading for a few weeks. This dump is similar to the ones in May and June.

Eth/btc is really strong

Instead of March 2020, May - June 2020 look much better in comparison with current situation. Quite the same mood, same patterns not just for #BTC/USD pair, but also for #ETH/#BTC.

This is one of the reasons why I think we could see an altseason soon

TraderSZ on eth

Bitfinex whales are closing their short positions and open longs as the amount of hedged shorts go up!

Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains.