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NO BULL NO GAIN! Market analysis & recaps, scalping leverage calls, binance altcoin signals and real time news. Disclaimer: My channel is not financial advise, its my observation and opinion. Twitter: twitter.com/thebull_crypto

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The Bull

The crypto and blockchain sector saw $2.32bn invested in Q2 2023, marking a new cycle low and the lowest since Q4 2020, continuing a downtrend that began after a peak of $13bn in Q1 2022.

Crypto and blockchain startups raised less money across the last three quarters combined than they did in just Q2 of last year.

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The Bull

Bitcoin mining stocks have surged between 280% and 420% YTD, outperforming spot BTC prices.

Miner revenue has increased in Q2 driven by rising BTC prices, excitement around BRC-20 tokens and the emergence of Ordinals, which have created additional revenue streams.

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The Bull

Bitcoin supply unmoved for at least one year reached an all-time high in June — approximately 70% of the circulating supply.

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The Bull

The number of unique wallets that use 1inch has crossed over the 1 million mark in June, surpassing the previous peak of 2021

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The Bull

#Bitcoin realised volatility has normalised with spot stuck between $29k and $31k for a week.

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The Bull

Bitcoin

$32,000 area is now act as key resistance level.

Critical support at $24,500

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The Bull

BREAKING: 🇺🇸 The SEC has allowed for the launch of the first leveraged #Bitcoin Futures ETF in the United States.

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The Bull

#Bitcoin: 1D Analysis

Bitcoin is in the wedge. The price is preparing for a breakout of the pattern on the both sides in coming weeks and the next move is expecting to be big.

The high volatility in Bitcoin is expected for both sides. Lower your risk is a must.

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The Bull

The U.S. regulatory crackdown and banking crisis has also made USD-denominated crypto transactions a lot harder.

Since March, there is a drop in dollar market share relative to the euro. Euro market share is now 18%, up from just 9% at the start of the year relative to the USD

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The Bull

Bitcoin Long-Term Holders are remarkably calm, displaying no discernible reaction to the news related to the hostile US regulatory environment. Their exchange inflow volume this week was just 0.004% of their total holdings, with 66% of all trading days seeing larger relative inflows

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The Bull

BinanceUS is suspending USD deposits and notifying customers that its banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023. BinanceUS will maintain 1:1 reserves for all customer assets. Any downtime in processing withdrawals may be the result of elevated volumes and weekend bank closures.

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The Bull

BNB and ETH were the only deflationary tokens during Q1’23 at -5.4% and -0.2%, respectively

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The Bull

Stablecoins trading volume fell 40.6% to $460bn in May, recording the lowest monthly trading volume by stablecoins on CEX since December 2022. This drop comes with major crypto assets staying range-bound

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The Bull

$ACH will pump soon IMO

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The Bull

A cumulative amount of nearly ~$3.45B has been stolen from crypto exchange custody from 48 recorded hacks since 2012. The most frequent way assets were stolen from exchanges was through hot-wallet hacks

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The Bull

Cumulative stablecoin trade volume in 2023 is greater than $3 trillion, with Tether dominating.

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The Bull

Introducing the Arkham (ARKM) Token Sale on Binance Launchpad!
https://www.binance.com/en/support/announcement/6ad1921b56fb4b369f9cf3e4449e62e2

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The Bull

Mining companies stocks are rising suddenly.

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The Bull

Binance Will List Pendle (PENDLE) in the Innovation Zone
https://www.binance.com/en/support/announcement/56c9c5899f3747b2b9a0452450f5eb24

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The Bull

MicroStrategy has announced another Bitcoin Purchase.

What are the total Bitcoin amount, costs, and current value that MicroStrategy invested in?

Total Amount: 152,333
Total Cost: $4.553B
Current Value: $4.598B

Source: CryptoQuant

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The Bull

Coinbase saw more buying compared to selling over the past few days, while the opposite trend occurred on Binance

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The Bull

Bitcoin illiquid supply reached a new ATH of 15.2M BTC this week, whilst exchange balances have fallen to the lowest levels since Jan 2018 at 2.3M BTC.

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The Bull

Binance, SEC strike deal to move all U.S. customer funds, wallet keys back onshore

https://www.coindesk.com/policy/2023/06/17/binance-sec-strike-deal-to-move-all-us-customer-funds-wallet-keys-back-onshore/

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The Bull

#Bitcoin found its support around $25,000 level.

We need to watch for the next move while the market becomes increasingly difficult and trading volume is very low.

Especially there are a lot of FUDs still going on the crypto market, I don't think this is the right time to make trades.

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The Bull

The week of volatility!

Tuesday:
• US CPI Data
• Hinman Docs Become Public
• SEC's Coinbase Rulemaking Response
• Binance US Hearing

Wednesday:
• US PPI Data
• FOMC Meeting

Thursday:
• US Jobless Claims
• US Retail Sales Data

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The Bull

Binance Will Support the TrueUSD (TUSD) Contract Swap

https://www.binance.com/en/support/articles/52b29fadf71542afabf23acf3454f9c7

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The Bull

The DEX volume as a percentage of all trading volume is nearing the highs of peak in late 2021/early 2022

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The Bull

Supply of Tether USDT reaches all-time high, surpassing previous record of $83.2 billion, set in May 2022

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The Bull

#Bitcoin fails to break out of the falling wedge.

Expecting a wick down to 26,5k level.

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The Bull

The Ethereum exchange balance has dropped to a five-year low

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