Oliver Wong

Thank you for supporting my contents since then until now. I’m back with my project and from now on, it’s called Decibling.

Hopefully to get your support as same as usual

Love much 💚

🚨 Just In: 9 #Ethereum Spot ETFs are officially launched today. Here below are their tickers and fees that you might need to know ⬇️

🚨 Breaking: Mt. Gox has begun their repayments in both $BTC land $BCH to creditors via select Crypto Exchanges from today

Hey Legends on Binance, what a bloody🩸day!

#Bitcoin lost about -27% from its ATH currently. And within these past 5 days until now, it dumped about -13.5%, fell from $62.xxx to current price of $54.xxx

Many FUDs have been released such as MtGox to repay their client, 🇩🇪 Gov to sell their $BTC etc.

But i can tell you based on my experience, the major factor is the negative forecast about a potential recession is coming. So the tips are here:

- 1. Don’t check the charts too often as usual
- 2. Don’t borrow to invest
- 3. Wait for the important 🇺🇸 economic data such as CPI, PCE, Unemployment Rate etc.
- 4. DCA if you still have fund to invest
- 5. For Web3 enthusiasts: choose the right project to go along with during this period. Projects must be built by the strong passion from the core team and a strong community

Once 🇺🇸 economic data is positive to make the Fed get enough confidence to start their first rate cut. We will officially step into the new bull season of the entire market

Conclusion: We’ve just finished the Halving event and according to history, we’re still in Bitcoin Bull Season 💚

NFA and DYOR

🔄 Update #Bitcoin Percent Suppy in Profit until end of Jun 24

A -17.21% decline from its all time high 99.96% in Mar 4th to 82.75% currently

Above 95% is considered as Hot Zone, so at this level of 82.65%, $BTC is pretty attractive

NFA and DYOR

A new month July, a new week has come. We closed the June as a decline of only -6.96%. With new this is good news

Important economic events in this week:
- Tue: Fed Chair Powell speech in 🇵🇹
- Wed: Meeting minutes of Fed Jun FOMC
- Thu: Wall Street closes for 🇺🇸 Independence Day (July 4th)
- Fri: 🇺🇸 Unemployment Rate

🚨 Fasten your seatbelts on this Friday

Donald Trump and Joe Biden are going to have their first 2024 🇺🇸 presidential debate in the next couple hours

Do you think #Bitcoin and #Crypto will be a part of this debate?

GM 𝕏 Fam with good news from #Bitcoin Spot ETFs in Wall Street:

- Day 2nd positive inflow for Wed trading day with a total flow worth $21.4M
- GBTC flow suddenly turned into positive ($4.3M) despite the total flow was not much. Fidelity bought $18.6M while ArkInvest was the only one with negative flow worth -$4.9M
- BlackRock remained Zero but i believe they will start buying again when $BTC gets higher. Somehow they’re almost same with Microstrategy, often buy the top and HODL like till die

$BTC is bouncing back, can we tell the #Bitcoin bears like this now guys?

Sing “Yeah” - Usher guys
Yeah, the losing streak of #Bitcoin❗ Spot ETFs has been stopped. And yesterday trading day was a day of positive inflow: BREAK

TOTAL: $31M
Only GBTC & ArkInvest was recorded as negative flows with -$30.3M & -$6.2M respectively
FBTC: $48.8M
IBIT: ZERO 📌

🚨 Just In: 🇺🇸 Consumer Confidence falls slightly in June but remains declining streak and enough to tell that Americans anxious about the economy

Consumer Index: 100.4
Last month: 101.3
Estimated: 100.0

🚀

🚨 Breaking: The Morgan Stanley, one of the biggest 🇺🇸 Banks reveal that they had plans to approve #Bitcoin ETFs on their platform for all of their clients, estimated by the end of Aug 2024

🚀

🔄 Update #Bitcoin Spot ETFs Inflow on Mon Jun 24: 7 days of negative flow in a row 🫣

Total Inflow: -$174.5M
Top 3 selling in descending order: GBTC, FBTC and EZBC with -$90.4M, -$35.2M and -$20.9M respectively

Positive point: #BlackRock⁩ has not sold so far 🔥

🚨 Breaking: #Mt.GOX has just announced that the preparations have been completed and they will start repaying #Bitcoin and $BCH to their creditors in early of this July

GM 𝕏 Fam, another new week has arrived, and bloody🩸 scene is repeated

Outstanding #economic events on this week:
- Tue Jun 25: 🇺🇸 Consumer Confidence
- Wed Jun 26: 🇺🇸 New Home Sales
- Thu Jun 27: 🇺🇸 #GDP (2nd revision)
- Fri Jun 28: 🇺🇸 #PCE Index (#Fed preferred)

❤️

Wall Street demand for #Bitcoin continued to decline on Fri 21 Jun 2024, and that made all the $BTC Spot ETFs having 6 consecutive days of negative inflow

#Fidelity has been being the Top outflow in this distributing trend and it had an outflow of -$44.8M yesterday, #GBTC and ARKB were next with the outflows of -34.2M and -$28.8M respectively

Fortunately, #BlackRock⁩ is still the real #HODLer even they bought nothing. IBIT flow was negative once only since the first trading day

🚨 Just In: 🇺🇸 Existing Home Sales in May 2024 is slightly higher than expected

Actual: 4.11M
Estimated: 4.08M
Previous: 4.14M

Anw, it is a slight decrease from the previous. Home prices also hit record high

Can the #Fed still achieve their Soft-Landing goal?

🚨 Breaking: 3iQ, a Canada 🇨🇦 asset management firm has just filed for a first #Solana ETF in North America

🚨 Breaking: #Microsoft has just taken back the throne from #NVIDIA

These two at the moment:

🚨 Just In: Bank of England (BOE) has just decided to hold interest rate (5.25%) steady even though #inflation reached their target

👎👎👎