🔸 A bullish crossover between the moving averages: • 50-day moving average (short-term) • 200-day moving average (long-term)
💡 When the MA 50 crosses above the MA 200, it is considered a strong signal that the general market trend is shifting from bearish to bullish.
📈 In the case of crypto, since the crossover occurred on the total market capitalization of all cryptocurrencies, this means that: • Liquidity is entering the market • The general trend is turning bullish • We might see price explosions in the upcoming period.
If Ethereum reaches 2200 on the 9th, there will be excellent entry zones, and on the 11th, there will also be good areas to test the same price before Ethereum takes off and leaves these areas for good, God willing.
In a clear indication of the intention to sell… BlackRock recently transferred 1,249.68 Bitcoin (worth $131.5 million) to Coinbase, bringing the total amount transferred in just two days to approximately 5,362 Bitcoin (about $561 million)!
This is not a coincidence… big players do not transfer their wallets to exchanges unless they intend to sell.
So if the largest asset management company in the world is preparing to liquidate at this value, we must be very careful!
⚡ Important information: The terms of use for cryptocurrency trading platforms – which you agreed to without reading – prevent you from filing class action lawsuits and limit the platform's liability in case your data or money is stolen.
Market Status 🔸 GameStop purchases 4,710 Bitcoin and adds them to the company's treasury, joining Strategy and Metaplanet. The purchase was estimated at $513 million based on the current price.
🔸 Metaplanet raises $50 million through zero-interest bonds from Bitcoin. It now owns 7,800 BTC and aims for 10,000 BTC by the end of 2025. 🔸 Bitcoin spot ETFs in America recorded inflows of $5.77 billion during May – the best month since November.
🔸 Pakistan has a government Bitcoin reserve and plans to mine BTC using energy of up to 2,000 megawatts.
🔸 The International Monetary Fund (IMF) agrees to provide $120 million to El Salvador under an agreement that restricts the use of Bitcoin, but the country continues to buy through the official Bitcoin office.
🔸 The U.S. SEC has begun reviewing the first spot ETF for XRP submitted by WisdomTree, with a decision expected within 240 days.
🔸 BlackRock joins to raise $1.5 billion in bonds, with an annual yield of 9% and discounts on the public offering, alongside Citadel and Mubadala.
🔸 Ripple informs the SEC that fungible digital currencies upon resale are not considered securities, citing legal precedents and a recent court ruling. 🔸 Federal crypto official David Sacks suggests that the U.S. government may buy more Bitcoin if financing is possible without raising taxes or increasing public debt.
Urgent: 🇺🇸 The Executive Director of Digital Assets in the Trump Administration says that the United States is on its way to becoming a “superpower in the field of Bitcoin globally.”
Important information: Central banks have started testing the implementation of monetary policy using blockchain technology, automating tools such as reserve interest, repurchase agreements (Repos), and asset purchases through smart contracts instantly.