JUST IN: Tether's latest attestation for Q1 2024 shows they hold $5.37 billion in #Bitcoin as reserves ๐
BREAKING: Biden Admin would veto proposed legislation that would allow highly regulated financial firms to custody #Bitcoin ๐ฎ
Amidst the hype and market rally surrounding approval of the spot #Bitcoin ETFs, the unrealized profit of Bitcoin holders expanded considerably faster than that of #Ethereum investors.
As a result, the Bitcoin NUPL metric crossed 0.5 and entered the euphoria phase three months before the equivalent metric for Ethereum.
As a result, the Bitcoin NUPL metric crossed 0.5 and entered the euphoria phase three months before the equivalent metric for Ethereum.
Despite healthy investor profitability, the magnitude of volume being processed and transferred on the #Bitcoin Network following the ATH has declined drastically.
This underscores a reduced appetite for speculation and heightened indecision in the market.
This underscores a reduced appetite for speculation and heightened indecision in the market.
JUST IN: Mt. Gox will begin #Bitcoin repayments starting at the beginning of July 2024 ๐
Introducing the Bitcoin Sharpe Signal Short, designed to identify prime shorting opportunities with high conviction. Use for direct short positions on #Bitcoin and to reduce long-only exposure, minimizing downside risk during high-risk periods.
JUST IN: ๐ฏ๐ต Japanese public company Metaplanet buys another ยฅ200 million worth of #Bitcoin
NEW: #Bitcoin percentage of supply last active more than three years ago reaches 46.5%, +8.14% YTD.
Moving towards technical indicators, we can use the widely used Mayer Multiple metric, which assesses the ratio between #Bitcoin price and its 200DMA.
The 200DMA is often used as a simple indicator for assessing bullish or bearish momentum, making any breaks above or below a key market pivot point.
The 200DMA currently resides at a value of $58k, once again providing confluence with onโchain price models.
The 200DMA is often used as a simple indicator for assessing bullish or bearish momentum, making any breaks above or below a key market pivot point.
The 200DMA currently resides at a value of $58k, once again providing confluence with onโchain price models.
JUST IN: Tron founder Justin Sun offers to buy all #Bitcoin held by the German government to minimize impact on the market.
#Bitcoin Miner capitulation mirrors Dec 2022 levels with a 7.7% hashrate drop, similar to post-FTX collapse conditions.
Such declines often signal potential market bottoms.
Such declines often signal potential market bottoms.
NEW: Fidelity #Bitcoin ETF investors bought the dip in a BIG way, with $117 million in inflows.
This marks their largest daily inflow since early June.
This marks their largest daily inflow since early June.
NEW: ๐บ๐ธ US #Bitcoin ETFs saw $79 million in inflows yesterday, the 5th straight day.
While Germany sells, US ETF buys ๐
While Germany sells, US ETF buys ๐
In his 2021 financial disclosure while running for Senate, Trump's VP pick, J.D. Vance, reported owning between $100,000-$250,000 worth of #Bitcoin
BREAKING: ๐บ๐ธ Donald Trump says Jamie Dimon has suddenly โchanged his tuneโ on his anti #Bitcoin stance: