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Middle East Turmoil, Bitcoin Price Drops to US$103 Thousand

Iran conducted a retaliatory strike this morning, Friday (06/13), after Israel attacked the Natanz nuclear facility in Tehran, Iran. This caused crude oil prices to rise by 6% and the price of Bitcoin to drop to US$103 thousand after previously reaching US$109 thousand.

This turmoil also caused gold to rise to US$3,400 per ounce as NASDAQ 100 futures contracts continued to decline by 2%. The Taiwanese dollar strengthened even though its stocks, Taiex, are now down more than 1%.

“This could increase the flow of funds to safe-haven currencies like the yen and potentially to floating currencies of major oil producers like the Norwegian Krone,” said Head of Global Market Research at Nomura Singapore Ltd. Robert Subbaraman.
#MarketPullback #IsraelIranConflict $BTC

Middle East Turmoil, Bitcoin Price Drops to US$103 Thousand

Iran launched a retaliatory strike this morning, Friday (13/06), after Israel attacked the Natanz nuclear facility in Tehran, Iran. This caused crude oil prices to rise by 6% and the price of Bitcoin to drop to US$103 thousand after previously reaching US$109 thousand.

This turmoil also caused gold to rise to US$3,400 per ounce. Meanwhile, Ethereum dropped by 10% in the last 24 hours to US$2,493, XRP fell by 6.14% to US$2.11, and Solana plummeted by 10.39% to US$143.40.

Memecoins also fell sharply, including Dogecoin which dropped by 10% to US$0.1723, Shiba Inu fell by 11% to 0.00001152, and Pepe plummeted by 14% and is now priced at US$0.00001059.

“This could increase the flow of funds into safe haven currencies like the yen and potentially floating currencies that are major oil producers like the Norwegian Krone,” said Robert Subbaraman, Head of Global Market Research at Nomura Singapore Ltd. (edited) #MarketPullback #IsraelIranConflict $BTC

Hundreds of Thousands of Traders Lose Rp18 Trillion Amid Escalation of Middle East Conflict

The crypto market experienced a liquidation of US$1.1 billion or equivalent to Rp18.3 trillion, after #bitcoin (BTC) fell to the level of US$103 thousand, on Friday (13/06). This occurred amid the escalation of conflict due to Israel's attack on the Natanz Nuclear Facility in Tehran, Iran.

Interestingly, the losses were dominated by traders who took long positions, primarily on Bitcoin, with total losses reaching US$455 million. Meanwhile, the amount liquidated on Ethereum (ETH) was US$268 million.

Overall, this liquidation affected around 247,063 traders. Long position traders recorded liquidations of US$1.05 billion, while short traders were only US$82 million.

The exchange contributing the largest liquidation was Binance with US$457 million. Next, Bybit US$371 million, and then OKX US$125 million.

Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).

Image Source: Bloomberg

$BTC #crashmarket #MarketPullback

Rupiah Weakens to Rp16,303 per Dollar Due to Escalating Tensions in the Middle East,

The exchange rate of the rupiah opened weaker on Friday (06/13) morning, declining by 61 points or equivalent to 0.38% due to the escalating conflict in the Middle East following Israel's attack on Iran.
According to Bloomberg data, the dollar index recorded an increase of 0.27 points or 0.28% at the level of 98.1. On the other hand, some foreign currencies, such as the Japanese yen and Swiss franc, also strengthened.
Moreover, the US stock market also turned green simultaneously, including S&P 500 0.3%, Nasdaq 0.2%, and NYSE 0.4%. This turmoil also caused gold to rise to US$3,453 per ounce.
Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).
Image Source: Bloomberg
#FiatCurrency

Daily Inflow of Ethereum ETF Surpasses Bitcoin, What Does It Mean?, The Ethereum (ETH) Exchange-Traded Fund (ETF) has recorded inflows for 18 consecutive days. In fact, in the last 2 trading days, the inflow of the Ethereum ETF has successfully outperformed Bitcoin (BTC).

Specifically, on Wednesday (11/06), the Ether ETF received funds amounting to US$240 million, while the Bitcoin ETF only recorded an inflow of US$164 million. The following day was not much different, where the inflow of the ETH ETF was greater than that of the BTC ETF, according to Coinglass, Friday (13/06).

Moreover, the iShares Ethereum Trust (ETHA), BlackRock's Ethereum ETF, has attracted attention with an additional new fund of US$163.6 million and total holdings exceeding 1.55 million ETH.

Currently, the assets under management of ETHA have surpassed US$4.23 billion and recorded total inflows of more than US$5 billion since its launch.

ETF Store President Nate Geraci described this trend as remarkable because there is no staking or direct redemption feature yet.

"It has been 18 consecutive days of significant inflows into Ethereum, and this is just the beginning," he stated.

Furthermore, according to LVRG Research Director Nick Ruck, signals from the SEC regarding potential DeFi-friendly regulations make ETH increasingly attractive in the eyes of investors.

Although its price is currently down to US$2,500, Ethereum continues to show resilience with innovations such as the Pectra update, making it a primary alternative as Bitcoin's dominance begins to feel saturated.

Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).

Image Source: Sygnum Bank

#bitcoin #Ethereum $ETH $BTC

Michael Saylor Optimistic Bitcoin Will Reach US$1 Million, Dismisses Concerns of Crypto Winter,

Executive Chairman Strategy Michael Saylor dismissed concerns about the return of the crypto winter and is confident that Bitcoin (BTC) will rise to US$1 million due to increasing adoption. He stated that winter will not return if Bitcoin does not go to zero, then it will go to US$1 million.

"Winter (crypto winter) will not return, we have passed that phase, if Bitcoin is not heading to zero, then the direction is to US$1 million," he told Bloomberg on Tuesday (10/06).

Saylor explained that only about 450 BTC are sold every day by miners, worth about US$50 million, and this entire supply is almost always purchased by companies that accumulate Bitcoin. Strategy itself has accumulated 580,000 BTC or worth US$64 billion.

However, if Bitcoin rises to US$500,000 or US$1 million, a major correction is likely to occur, for example, it could drop around US$200,000. However, Saylor believes there is enough economic evidence to support his bullish prediction.

Saylor also highlighted support from figures such as US President Donald Trump, Treasury Secretary Scott Bessent, and SEC Chairman Paul Atkins, as well as the role of traditional banks that are beginning to provide Bitcoin custody services.

In addition, the purchase of Bitcoin by BlackRock, a provider of Exchange-Traded Funds (ETFs), and countries like Pakistan that are starting to build Bitcoin reserves, strengthens the positive prospects for this asset.

For your information, crypto winter is a sluggish period in the crypto market, characterized by a sharp decline in digital asset prices, minimal trading activity, and a decrease in investor interest. This period reflects the overall lethargy of the industry, as seen after the peak of crypto prices at the end of 2021 until 2023.

Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).
#BTC #bitcoin $BTC $ETH $BNB
Image Source: Alamy

Follow the Footsteps of DigiAsia, This Nasdaq Fintech Plans to Create a Bitcoin Reserve of US$800 Million

Mercurity Fintech Holding (MFH), a fintech company listed on Nasdaq, recently announced plans to raise US$800 million to build a strategic Bitcoin (BTC) reserve.

This is due to Bitcoin being considered an important asset that can support future finances. Since its launch, it has indeed been projected to replace traditional currencies like fiat.

“Bitcoin will be an important component of the future financial infrastructure,” said Mercurity Fintech Holding CEO Shi Qiu.

Previously, DigiAsia (FAAS), a fintech company from Indonesia listed on Nasdaq, also announced a similar plan with a funding allocation of around US$100 million.

Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).
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Image Source: Bloomberg

Saylor Welcomes JPMorgan to Crypto, Ready to Compete
,
CEO of Strategy Michael Saylor stated that he would welcome leading investment manager JPMorgan Chase & Co if they enter the crypto industry. He is also prepared to compete with the company.
He expressed this during an interview with Bloomberg when asked about JPMorgan entering the crypto industry, which could create competition with his company.
"So I welcome the competition from JPMorgan, I hope to enter that space. Our advantage is that we are 100% Bitcoin," he said in a video interview with Bloomberg, Wednesday (11/06).
According to him, the company he leads can surpass JPMorgan because the preferred shares he owns offer liquidity advantages. This is because the performance of those shares is equivalent to the movement of Bitcoin (BTC), making it perform the best among stocks in the world.
Furthermore, the trend of Bitcoin adoption among institutions is increasingly widespread, indicating that confidence in crypto assets is starting to emerge. Moreover, Strategy as the initiator has shown its performance, which is one of the reasons other companies are adopting #Bitcoin $BTC .

Whale Transfers Bitcoin Worth US$347 Million,
Bitcoin Whale (BTC) transferred more than 3,165 BTC worth US$347 million to the Coinbase exchange within two hours on Wednesday (11/06). This transfer occurred in several transactions from an anonymous wallet, with the largest transaction reaching 794 BTC or worth US$86.9 million.
One significant transaction involved 510 BTC or worth US$56.1 million sent from a crypto trading firm Institutional. Large activities like this usually indicate potential selling by whales or large institutions.
Investors have become cautious because large flows of Bitcoin to exchanges are often associated with sell-offs that can affect prices. Although the exact reasons are not yet known, the patterns of transfer and involvement suggest a large position strategy by institutional players.
As a note, at the time this article was written, Bitcoin was at US$107,736 or down 1.70% in the last 24 hours after the Consumer Price Index (CPI) or inflation in the United States was reported to have risen 2.4% year-on-year in May.
Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).
#BTC🔥🔥🔥🔥🔥 $BTC

Features | This Man Once Distributed 1,100 Free Bitcoins to Anyone Who Could Complete a Captcha,

A former Bitcoin blockchain developer, Gavin Andresen, funded a free Bitcoin (BTC) giveaway event, known as a Bitcoin Faucet, with 1,100 BTC for free on a website several years ago.
Interestingly, on that website, the way to get free Bitcoin was simply by completing a CAPTCHA. This faucet was an important part of Bitcoin's history, especially in its early days.
At its peak, the faucet could distribute up to 5 BTC per user for free, at a time when the value of Bitcoin was still less than one cent per coin. Now, each of those distributions is worth over US$500,000.
Now, the faucet has been announced to be relaunched, although no Bitcoin has been distributed at this time. Bitcoin pioneer Charlie Shrem, who announced the relaunch plan for this faucet, is mimicking Gavin Andresen's model.$BTC #BTC☀

What Exit Strategies Can Be Implemented in Crypto?

Just like other investments or businesses, crypto investments also require an exit strategy because the crypto market moves in cycles. Without a clear exit strategy, investors risk losing profits when the market declines. Here are some common exit strategies:

1. Exit According to Market Cycle

The crypto market tends to peak about 500 days after Bitcoin's halving. As this cycle comes to an end, investors can begin trimming positions to realize profits, considering that BTC's price in the previous cycle dropped by more than 50%.

2. Moon Bag Strategy

Suitable for long-term investors who also want to be conservative. The strategy is to sell 50% of the assets after a 100% increase, so the capital is returned and the rest is left to “fly.” If the price declines, at least the capital is safe; if it rises again, there are still remaining assets.

3. Gradual Exit at Psychological Numbers

Selling part of the assets when reaching certain target prices, such as selling 30% at $100K, 50% at $120K, etc. However, there is no guarantee that the price will reach these targets.

4. Trailing Stop

This method raises the stop loss level as the price increases. This technique can secure profits while limiting losses. It requires a deep understanding of market structure and disciplined execution.
$BTC
#BTCUSDT

$ENA wait ena for the price that I marked to make a purchase, this is my personal analysis for ena. just sharing. not a buy or sell command. hope your trading goes smoothly and profit #ENAUSDT🚨 #ENAUSDT

if the w1 candle is green, the target for the next week is $ENA
target take profit 0.4545

#ENAUSDT🚨

there is already an upward signal, it seems like crypto from the meme coin
$TRUMP on bbma, there have been 2x h4 candles creating a buy momentum
will other coins follow?
let's just monitor it first 😅

with the decline of $BTC btcdominance
altcoin hopefully can fly ❤❤❤

according to my analysis $ENA will create upward momentum. usually 2x extrembuy in h1 stops the decline in h4 hopefully 😅
what do you think friend?
comment so that many people buy #ENA #ENAUSDT🚨

purchase and sale target for $ENA

$ENA

ethena zone beli $ENA
#ENAUSDT🚨