🎙 Sentiment:
📖 Bitcoin sentiment among traders on X, Reddit, Telegram, 4Chan and BitcoinTalk is showing the most bearish sentiment this week in the last year. ➡️ When the crowd demonstrates FUD at this level, the chances of a rebound that will take the majority by surprise reach a maximum [1].
📖 Currently, there are 54.09 million non-empty bitcoin wallets on the network, which is 566 thousand less than on June 15. ➡️ Patient bulls should be happy with this, as the self-destruction of wallets from impatient non-believers is a sign of FUD causing a bottom, as we saw in January [2].
👝 The largest funding rounds in the second quarter:
👝 During the second quarter, the total amount of funds raised amounted to $3.2 billion in 454 rounds of financing.
📈 Despite the fact that the number of transactions remained almost unchanged, there was a significant increase of 29.15% in the total amount of funds raised compared to the previous quarter.
🏅 This surge in funding has been led by leading blockchain startups such as Monad, Farcaster
and Berachain.
‼️ ́ The key infrastructure companies raising funds were Hut 8, Bit deep and the centralized Bitstamp exchange.
💬 Several estimates of the current market from analysts:
💻 Analyst from CryptoQuant:
🟠While there is no strong panic in the market, it will begin when the orange bars appear. ➡️ In the current situation, 47K doesn't look as terrible as it did three weeks ago when we were at 70K. ➡️ We need more "shaking off", but at a slower pace.
🤵 eToro market analyst Josh Gilbert told Cointelegraph,
that much of the sell-off may be related to fears related to payments to Mt creditors. Gox , as a result of which, starting this month, #BTC worth about $8 billion will enter the market.
🔵After a sudden drop to the $53,600 level, Gilbert said he expects bitcoin's price dynamics to worsen in the coming days.
❗️"The news flow is now much more bearish than bullish, and the sales activity we are seeing is clearly worrying investors, which often leads to new sales....I would not be surprised if the asset tests the $50,000 mark over the next week, but this will be a key physiological level....In the short term, there will be weakness until we get a catalyst that pushes the price up, and this may happen in the form of investors 'buying falls' or approving #ETH ETFs to improve sentiment."
📖 Our Analyst: We are seeing the second largest decline in altcoins in the last 2 years.
🟠The biggest decline occurred in the third/fourth quarter of 2022 due to the collapse of the FTX, when TOTAL3's overall drop was 37%.
❗️The current 28.6% decrease is higher than anything we have seen since 2023.
💬 This tells him that we are closer to the bottom than you might think, even if we consider the worst-case scenario, where the decline will be similar to the decline in the third/fourth quarter of 2022. According to his assumptions, such a price movement is likely to last until the beginning of October, and in the worst case, the main altcoins may fall by about 30% more from current levels.
🟢 Market situation:
-Bitcoin in the region of 58, 929$;
-Ethereum is about $3,233;
-Fear and greed index: 44;
-Bitcoin dominance: 54, 58%;
-Altseason index: 24;
-Capitalization: $2.13 trillion.
💎 #TONUSDT
Thoughts on the market
🤓 I will try to be brief and to the point as always:
- And in fact, all that separates us from perehai at the moment are these two acquisitions (they are also blocks).
- It is absolutely normal if the price gets a reaction to the extreme (red), because this is the last line of resistance.
- Yes, and at the same time it would be possible to retest the level of $ 7.8-7.95. Here some "hamsters" would start draining, and others (higher level) would even get into swimming "shorts".
- And then there's a Pump for a new ATH with "shaving rodents with a straight razor"!
- Further longs are relevant for me if the price holds the range of $7.7-7.95, especially since the RSI has not yet been overbought on the day and there is a place to move…
Otherwise, I don't want to get euphoric, so on the monitor 😠
🔮 There have been no forecasts for a long time: Standard Chartered predicts that bitcoin could reach a historic high in August.
• On Tuesday, Jeffrey Kendrick, head of foreign exchange market and digital assets research at Standard Chartered Bank, said that "in August, bitcoin is likely to reach a new historical high, and then by election day in the United States it will exceed $ 100,000."
💡#Bitcoin shows tight support at $61,100, while the most important resistance areas for $BTC are $64,050 dollars and $66,250.
Читать полностью…🟢 Market situation:
-Bitcoin in the area of 63, 187$;
-Ethereum is about $3.483;
-Fear and greed index: 53;
-Bitcoin dominance: 54, 76%;
-Altseason index: 22;
-Capitalization: $2.27 trillion.
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The #SEC's powers are being reduced 😱
A post for those who like to figure it out 🔩
Yesterday, the US Supreme Court limited the SEC's right to hear cases by "full-time judges" (the procedure has been used for cases of securities fraud and financial penalties since the 2008 crisis). The restriction was introduced by 6 votes to 3, there are dissenters.
☝️ Now, in order to consider the case, the SEC must necessarily apply to the federal courts of first instance with the participation of a jury.
❓Why is this important for the crypt?
Some cases "against cryptocurrencies" were considered by the SEC in a "simplified manner," including "incorrect indication of the fund's assets."
Potentially, this restriction will also apply to the definition of assets in the #ETF for cryptocurrency. After all, the SEC believes that a cryptocurrency ETF is an ETF for securities, while the cryptocurrency itself is a commodity/property.
Look at how everything turned around in this election race! The presidents, in pursuit of the votes of the cryptans, are now gradually beginning to put sticks in the wheels of the regulator - the SEC.
Either this is a "circus with horses", or we are really close to masadopshn as never before…
🩶🪙#BTC
inflows to spot BTC-ETFs have sharply increased, investors are buying out the "bottom".
🪙#BTC #crypto
BTC continues to "flirt" with the 200-day — BBG
Capitulation among short-term holders is rapidly increasing...
🪙 #BTC #crypto #btc #bitcoin
$46,400 is the cumulative average purchase price of BTC by players over the past year. This level can serve as a support.
🔒🗝 Friends, we suggest you familiarize yourself with the token releases of the upcoming week.
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📰 NEWS
😨 .Sentiment: The cryptocurrency market is experiencing a historical level of fear.
🟤 Mt Gox transferred over 47,000 BTC to another wallet late on Thursday evening, according to Arkham Intelligence. This is happening before his upcoming return of $9 billion worth of bitcoins to creditors.
Over the past 24 hours, 232,804 traders have been liquidated, the total amount of liquidations amounted to $672.22 million.
💥 This is the largest #BTC liquidation event since the collapse of #FTX.
Galaxy Research Director: Mt.Gox bitcoins will be stored in the long term, not sold. Details:
Alex Thorne suggested that this transaction (at ~47K) It was transferred to one of the distribution agents. If this is true, we may see more such transfers totaling about 100,000, unless the custodian reconfigures the internal wallets unnecessarily, as was done on May 27. I still believe that Mt.Gox bitcoins are more likely to be stored in the long term rather than sold
📲 #Durov announced in his telegram channel the release of the Hamster Kombat token on the #TON blockchain in the near future.
Читать полностью…⚪️ #ETHUSDT
Thoughts on the market
Ethereum is making attempts, and these attempts are so different that you can easily get confused where the course is heading.
The price is trying to make a trend breakdown, then abruptly returns to the center of the sidewall and the fibe in an attempt to fall slightly lower and fill the imbalance.
In fact, now is the second chance to hold back the mirror level of 3300, which acts as support, and push back into the zone of desirable consolidation at 3600. And also to work out our trajectory, which was successfully outlined more than a month ago! 💪
If we are unstoppable 3200-3250, then I will already monitor the behavior of the price and consider the selections from the accumulation in the area of 3000.
I think July and August will be interesting for the altmarkt... at least the memes are holding up quite stoutly! And these are already hints ... Meme bome pepe bonk wif — take a closer look and in addition to memes, arb inj wld imx also recommend dior graphics!
We are in touch, we are working 👨💻
🗓 Crypto calendar for July:
• July 2 : $EGLD - Vega 3 Patch
• July 3 : $RON - Goda Update
• July 3 : $ETHFI - Cash Card (Pre-Order)
• July 4 : $DESO - Revolution PoS
• July 4 : Tabi - Early Node Ticket Sales
• July 5 : $ZIG - Tokenomics Upgrade Offer
• ~July 5th : $MAVIA - Phase 2 Deployment
• July 8 : $ETHFI - Unlocking $150 million
• July 8 : $ENS - Rebranding News
• July 9 : $XAI - Unlocking $85 million
• July 11 : USA - Consumer Price Index (CPI)
• July 11 : Bithumb - Decision to delist $ALEX
• July 11 : $OP - Fjord Update
• July 12 : USA - Producer Price Index (PPI)
• July 15 : $STX - Nakamoto Update
• ~July 16 : $DNX - Release of $0xDNX
• July 16 : $AGI - Beta version of Lucy + listing on PancakeSwap
• July 19 : Coinbase Delisting COVAL·RAI·wAMPL
• ~July 19 : AGIX·FET·OCEAN - ASI Merger (Phase 2)
• ~July 19 : $LDO - Public Staking Module Testnet (Non-issue)
• July 24 : $WLD - Unlock 6.62 million/day
• July 24 : $AVAX - Pioneering Testing of Maple Universe
• July 25 : $ILV - Open beta of the main network
• July 25 : $ALT - Unlocking $115 million
• July 29 : $DASH - Beta version of the main Dash Evolution network
• July 30 : $ROUTE - The main network of the Router chain
• July 30th : $APT - Supervillain Game
• July 31 : USA - Fed's Interest rate decision
• ~July 31 : $PENDLE - End of the Renzo Points Program
🖋 Main announcements:
• BTC·BCH - Mt.Gox Payouts
• $FTT - FTX Creditors Vote (Cash/Crypto)
• $ADA - Chang Hard Fork
• $JUP - Reduction of the $JUP offer by 30%
• $HNT - New Subnet Offers
• $ARB - Offer of the staking function
• $DIMO - Tokenomics Upgrade Offer
• $GAL - Rebranding to $G (1:60 Ratio)
• $ORN - Rebranding to $LUMIA
After launch, in just 6 months, American spot #BTC-ETFs have already deposited more than 880,000 BTC — data #CoinMarketCap
Читать полностью…📉 Billionaire Peter Thiel is not sure about the large—scale growth of BTC - the co-founder of Paypal does not know when a new "batch of hamster buyers" will come to the market, since now all attention is focused on Bitcoin ETFs.
It is worth noting that the Thiel fund invested in Bitcoin back in 2014, and in 2022, before the fall of the exchange rate, recorded a profit of $ 1.8 billion.
It turned out that his vision of the first cryptocurrency did not coincide with reality. Initially, he saw BTC as anarchic, government-controlled money, but "the FBI people say it would be better if criminals used Bitcoin rather than $100 bills, so the technology does not work as it should."
#ETFs are no longer exciting?!
While ETFs for various assets are becoming mainstream, and various companies are starting to apply for them, more and more questions arise, one of which is "do we need ETFs for altcoins at all?" and "is the appearance of such ETFs really good for the market?"
So far, judging by the market reaction to such instruments, there are big doubts…
Nevertheless, the #ETF for digital assets is a fairly young tool, so you need to monitor from a distance…
"The walking one will master the road!"