Bull_bnb1

🚨 ALERT 🚨

BITCOIN JUST BROKE $60,000

Don’t panic, this is just a temporary correction and sideways movement we can see for few months.

Bitcoin will break $100k before the mid of 2025. Don’t ignore all the big ETF buys. This is just a MT GOX FUD combined with correction.

I have SURVIVED and PROFITED from
3 Bullrun cycle. This is my 4th and I've
never seen this many CATALYST.

Before I start please Like, Repost and
save this post.

12 reasons why this cycle is very
bullish like nothing I've seen before.

1. The German Govt has run out of Bitcoin

Almost 50k #Bitcoin    that the German Government confiscated has been sold out.

There is still Mt. Gox but these retailers and creditors are more into holding than selling.

2. FTX to repay $16b to creditors

$16 billion worth of stablecoin will be paid out to creditors from the bankrupt crypto exchange FTX.

Read more:
x.com/Ashcryptoreal/…

3. Bitcoin ETF

The approval of the U.S. Bitcoin spot ETF is a catalyst itself.

In 6 months, it accumulated up to $18 billion in total cumulative inflow.

Gold took more than 4 years to reached that amount.

4. USDT Marketcap

$USDT marketcap has made a new ATH.

In the past 9 months, $USDT marketcap added $28 billion. The same thing happened in 2020 pre bullrun.

More $USDT means more liquidity.

5. Global Liquidity Cycle

The Global Liquidity Index shows a strong correlation to global liquidity.

Crypto is following the 65-month long-term cycle.

6. Ethereum ETF and others

The first U.S. spot #Ethereum ETF is expected to start trading on Tuesday, July 23rd.

Bitcoin approval is already big enough. But with ETH, it is bigger.

2 applicants filed for spot SOL ETF.

7. Bitcoin Election

The U.S. election is driven by Bitcoin and cryptocurrency. Front runner Donald Trump is a strong supporter of crypto.

According to Polymarket, there is a 70% chance that Donald Trump will win the election.

Not just that, Joe Biden, Robert F, Kennedy Jr shows interest in cryptocurrency and bitcoin.

Almost half of the voters are considering a candidate who supports crypto.

8. U.S. States are pro-bitcoin

Oklahoma has signed 'Bitcoin Rights' into law. This covers self-custody, the right to mine bitcoin and the use of bitcoin for transactions.

Missouri, Ohio and South Carolina are some of the states that passes the 'Bitcoin Rights' bill.
$BTC

Hey Crypto people ! The market might
be slow right now. Here are 3 things
you can do while waiting for the market.

Let's dive in! 🧵👇

1. Educate Yourself

Understanding the technology behind cryptocurrencies can give you a significant edge. Here are some ways to get started:

🟠 Learn About Blockchain:

Deep dive into how blockchain works and explore its various use cases. Knowing the technology can help you appreciate the potential of cryptocurrencies.

🟠 Stay Updated with Trends:

Read up on the latest trends like DeFi (Decentralized Finance), NFTs (Non-Fungible Tokens), and Web3. These innovations are shaping the future of finance and digital ownership.

🟠 Online Courses & Webinars:

Platforms like Coursera, Udemy, and YouTube have excellent courses on blockchain and crypto. Invest some time in these resources to expand your knowledge.

2. Explore Crypto Mining and Staking 💰

Mining and staking are great ways to stay engaged with the crypto space and even earn some rewards.

🟠 Crypto Mining:

If you have the right hardware, consider mining Bitcoin or other cryptocurrencies. Mining can be a fascinating way to understand the fundamentals of blockchain operations.

🟠 Staking:

For a less hardware-intensive option, look into staking. By staking your coins in Proof-of-Stake (PoS) networks, you can earn rewards for supporting the network.

Things to consider:

- Research which coins are most profitable to mine or stake.
- Learn about the best practices for securing your mining rigs or staking setups.
- Join communities and forums to share tips and get advice from experienced miners and stakers.

3. Build and Diversify Your Crypto Portfolio 📊

Use this time to review and possibly rebalance your crypto investments.

🟠 Analyze Your Portfolio:

Take a deep look at your current holdings. Are there coins that no longer align with your investment strategy? Consider reallocating funds to promising projects.

🟠 Research Altcoins:

Look beyond Bitcoin $BTC ,#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #Megadrop #US_Job_Market_Slowdown

REMINDER:

IF YOU ARE PANICKING BECAUSE OF
THE GERMAN GOV'T SELLING SPREE,
DON'T BE BECAUSE FTX WILL START
DISTRIBUTING STABLECOINS TO
CREDITORS.

🔴 GERMANY: -$3 BILLION

🟢 FTX: $16 BILLION

FTX PAYMENT IS 5 TIMES BIGGER
THAN GERMANY.

GIGA BULLISH 2024 🔥#SOFR_Spike #ETH_ETFs_Approval_Predictions

🚨BREAKING 🚨

🇩🇪 GERMAN GOVERNMENT HAS SO
FAR SENT 76% OF ITS #BITCOIN,
TO THE EXCHANGES. ITS HOLDINGS
ARE NOW DOWN TO 13,110 $BTC
($767 MILLION).
$BTC #BTC_Bounce_Back_to_57k

Bitcoin is back above $59k 🤝

Expect next 2-3 months to be sideways, main fireworks will happen by end of 2024 where we will see Bitcoin making new highs.

Alts will make bottom in next 2 months and you will see an epic altseason early 2025.

So build your positions accordingly, don’t panic sell. Hold and be patient.

YOUR TIME IS COMING 🔥#BinanceTurns7 #ETH_ETFs_Approval_Predictions #Ton_Coin_Surge

I've analysed the market over the past
2 days and this could be BTC bottom.

I've compiled some TA and FA.

Read below!

1. Bitcoin Netflow in Exchanges

There's 68.4k $BTC going out of exchanges. This large amount was last seen in July and Nov 2022.

2. Wyckoff Method

Bitcoin is currently replicating the pattern here. This is where the accumulation starts before the exponential price rally happens.

3. Net Liquidity

Fed Net Liquidity shows a strong spike. The same rate of change that happened in March 2023.

Take note: $BTC price pumped +38% in a week.

x.com/Ashcryptoreal/…

4. Rainbow Chart

In this chart we can see that every time the price reached the purple zone, it never got back to it until BTC reached a new ATH.

The purple zone represents the price button. This is the cheapest zone to buy BTC.

5. Stablecoin Liquidity

$16 billion worth of stablecoin liquidity will enter the market soon.

Read more here: x.com/Ashcryptoreal/…

6. Rate Cut

Multiple market analysts said the interest rate cut is being held until the election. Political move? Who knows.

But Fed Chair Powell says holding rates too high for too long could jeopardize economic growth.

Once the interest rate is down, investors' money will flow in the market.

7. U.S. Presidential Election

The 2024 election is fueled by crypto. Candidates who embraces crypto have a strong winning chance.

Donald Trump, known for his strong stance on crypto, has an 85% chance of winning the election after the presidential debate between him and Biden.

8. Bitcoin Spot ETF.

Last week BTC ETF showed a positive inflow after 3 consecutive weeks of outflow.

9. Personal Note

The price has bottomed, but perhaps we can still see minor red candles due to Mt Gox and German govt fud.

With Fud the worst case scenario or you can say the max pain point- I think will be $44k - $48k

But we know By early 2025, Bitcoin will be easily hit $150,000 - $250,000 so don’t stress about these short term price actions.

10. If you like this thread make sure to follow me and turn on the notification icon.

IMPORTANT POST

WHERE DID THE 100X CRYPTO
PROJECTS GO ? WHY RETAIL DON’T
CARE ABOUT BIG FUNDAMENTAL
PROJECTS ANY MORE ? WHY THE
SENTIMENT IS SO LOW ?

Simple - all These High FDV Project
Launches Are now Pushing Retail
Investors Away From Fundamental
Projects with experienced teams.

People only seem to care about
memecoins now and big projects
created this problem themselves.

Let me explain.

What is FDV?

Fully diluted valuation (FDV) represents the total value of a cryptocurrency project if all its tokens were in circulation.

FDV vs Market Cap

The market cap shows the current value of a cryptocurrency project by multiplying the current token price by the total number of tokens in circulation.

Now Crypto has become a place where you need lots of money to make more money.

There are very limited 50x-100x opportunities right now where retail can make life-changing gains.

VCs and new crypto projects have made it almost impossible for retail to win in this market condition.

Nowadays, crypto projects are launching at such high FDV that they have very limited upside potential left.

Let's see a few recent crypto launches and their FDV at the time of their launch:

1️⃣ Wormhole

➬ Launched in April with an FDV of $15B

2️⃣ EtherFi

➬ Launched in March with an FDV of $5B

3️⃣ Ethena 

➬ Launched in April with an FDV of $10B

Apart from them, there were other projects like SAGA, DYM, and REZ, which all launched with an FDV > $2B

The only chance for retailers to make money through these protocols was through airdrops, but now it has completely become a game for the ultra-rich. 

Very Few big FDV projects are been
successful but most have been just
hanging there.

But this was not always the case.

In the last bull run, several crypto projects pumped 100x-1000x, and retail made a ton of money from them.

Here are a few examples 

1️⃣ Solana

➬ Launched in April with a market cap of just $7M and peaked in 2021 at $98B

➬ 14000x in just 18 months 

2️⃣ Polygon 

➬ Launched at a market cap of < $20M

ETH ETF TRADING WILL NOW START
WITHIN A WEEK 🚨

YESTERDAY, ALL ETHEREUM
APPLICANTS FILED UPDATED S-1's.

ETHEREUM IS CURRENTLY TRADING
AROUND $3K AND HAS RETRACED
ALL OF THE ETF APPROVAL GAINS.

HERE'S WHY ETH IS READY TO GO
BONKERS 👇

➜ ETH EXCHANGE SUPPLY IS AT 8-
YEAR LOW

➜ ETH HAS BEEN DEFLATIONARY
SINCE MERGE

➜ MT. GOX, THE GERMAN
GOVERNMENT, AND THE US
GOVERNMENT HOLD NO ETH

➜ ETH HAS NO CONSISTENT
SELLING PRESSURE FROM MINERS
SINCE IT SWITCHED TO POS

APART FROM THAT, ALL THE MAJOR
DEVELOPMENTS LIKE DEFI, NFT, AND
RWA HAPPENS MAJORLY ON
ETHEREUM.

THE SMART MONEY IS ALREADY ACCUMULATING ETH AS 335,000 ETH WORTH $1.03 BILLION HAS BEEN WITHDRAWN FROM COINBASE IN THE PAST MONTH.

RIGHT NOW, THE SENTIMENT ON ETH ETF IS NOWHERE NEAR TO BITCOIN ETF, WHICH MEANS THAT ANT SIGNIFICANT INFLOW WILL PUMP ETH HARD.

ONCE ETH WILL START TO PUMP, ALTS WILL START GETTING MOMENTUM TOO, WHICH WILL LEAD THE BIGGEST ALTSEASON.

THIS COULD TAKE A FEW MONTHS, SO TILL THEN ACCUMULATE AND DON'T PANIC SELL.

May 31: NASDAQ : BITCOIN : GOLD:

Nasdaq is trading at bottom of this week and seems close in RED week after 5 consecutive green candle.

DOW also rejected from 40000 after touching ATH. DOW next support is 37800 and 37125.

Gold is sideways in this week and trading near 2340.

Bitcoin also struggling to break its all time high and trading near 1% down in this week. Support is $67000 and $64500.

ETH is Showing positive strength due to ETF FOMO but price stable near 3800 due to weakness in Global market this week.