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Crypto bulls 111
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Crypto bulls 111
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$BTC $WLD $ZEN #BinanceTürkiyeSquare #AltcoinInvesting #BinanceTournament #Megadrop ⛔⛔ 4 REASONS WHY BITCOIN DIPPED BELOW $60K⛔⛔ 1. Downtrend Since June 📉 🔻 Bitcoin has struggled to maintain upward momentum since the beginning of June. Over the second quarter of 2024, BTC logged an 18% decline, and it continued to face headwinds despite positive ETF inflows. 2. Potential Mt. Gox Repayments 💰 💸 The recent dip below $60,000 is largely attributed to the impending Mt. Gox creditor repayments. The defunct exchange, which collapsed over a decade ago, holds over $9.4 billion worth of Bitcoin. Approximately 127,000 creditors have been waiting to recover their funds, and the repayment process may have begun. 📊 Spent Volume Surge: Charles Edwards, founder of Capriole Investments, highlighted an enormous on-chain Bitcoin movement, suggesting that the long-awaited Mt. Gox distributions are indeed happening. Edwards noted, “The entire history of this chart has disappeared because an enormous sum of Bitcoin moved on-chain, 10X more than the previous highs. $9B. But by who? Mt. Gox.” 3. Market Reactions and Implications 📊 🌐 Market Uncertainty: The potential sell-off from Mt. Gox creditors, who may liquidate their holdings after a decade, could exert significant selling pressure on Bitcoin. This, combined with ongoing market uncertainties, has investors bracing for further volatility. 📉 Support Levels: Bitcoin’s local bottom of $59,600 threatens to extend the current consolidation phase. Investors have been eyeing a breakout above $70,000 to pave the way for new all-time highs, but losing the $60,000 support could delay such a rally. 4. Institutional Inflows vs. Sell Pressure ⚖ 🏦 ETF Inflows: Despite the sell-off fears, institutional inflows into U.S.-based spot Bitcoin ETFs have been strong. Since their launch in January, these ETFs have amassed over $52.5 billion worth of BTC, potentially absorbing some of the selling pressure from Mt. Gox repayments. Will BTC crash? You decide!
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$WBTC $BTC $ETH #BinanceTournament #IntroToCopytrading #SolanaUSTD Two Addresses Briefly Liquidated, Resulting in Approximately $440,000 in Assets According to Foresight News, PeckShield has reported that two addresses were briefly liquidated, resulting in approximately $440,000 in assets. The address beginning with 0x901b was liquidated, resulting in 3.64 WBTC, which is approximately $219,000. Additionally, the address starting with 0x669e was liquidated, resulting in 67.14 WETH, which is approximately $221,000.
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$LISTA is indicating a lack of strength in the market, approaching the significant 0.50$ support during sustained bearish trends. Anticipate a reversal, as Lista DAO gears up to potentially lead alongside $BNB in the next bull cycle. We noted 120% gains in the last rally $BTC $SOL #Megadrop #LayerZero #BinanceTournament #Lista #SolanaUSTD #
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Prediction of $BTC $ETH $BNB $ Dorsey’s prediction aligns with the broader optimism in the cryptocurrency community, although his target is notably more ambitious than other forecasts. For instance, while some predictions see Bitcoin reaching between $443,000 and $630,000 by 2030, Dorsey’s estimate is significantly higher . Moreover, Dorsey recently departed from the board of Bluesky, a decentralized social network he helped establish as an alternative to Twitter, due to differences in vision regarding decentralization. He now supports Nostr, a more decentralized protocol with no centralized control, reflecting his commitment to the principles underlying Bitcoin .#but coin☀️ #Bitcoin❗
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$WLD $WLD ( $BTC $ long direction support level Wld e Support Levels S1 $ 2.11 S2 $ 2.02 S3 $ 1.919191 Resistance Level R1 $ 2.46 R2 $ 2.61 R3 $ 2.70 data for this day only it change #US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown #MtGoxJulyRepayments #BinanceTournament
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