Yesterday's ETF flows were positive, totaling $105.1 million. Fidelity had inflows of $77 million, Bitwise received $14.3 million, and Ark saw $10.7 million in inflows. Both Blackrock and GBTC had no inflows. #BitcoinETF #Bitcoin❗
A rich man visited a village, offering $100 for each monkey. Villagers eagerly captured monkeys from the forest and sold them. As monkeys became scarce, the man increased his offer to $200, then $300. The villagers worked harder, eventually exhausting the monkey supply.
The rich man then announced he would pay $800 per monkey but had to leave town, leaving his manager in charge. The manager offered to sell monkeys for $400 each, promising the villagers could resell them for $800. Excited, the villagers bought the monkeys, using all their savings.
The manager disappeared, and the rich man never returned. The villagers were left with worthless monkeys, illustrating the dangers of greed and quick money schemes.
Perfect bounce from key support area between $67,000 and $68,000. 📉
If BTC breaks below $67,000, the next support is $63,000 - $64,000. For now, $67,000 remains the critical level to watch.
Bitcoin remains neutral in the short term, fluctuating between support and resistance ($67,000–$71,000). Expect more choppy sideways action, as predicted.
🔸 Bitcoin's price is lingering around a critical support zone between $67,000 and $68,000. 🔸 No daily candle close below $67,000 yet, suggesting the support is holding. 🔸 Potential for a bounce if this support holds; however, a confirmed break below $67,000 with a daily close could lead to a retracement to the $63,000 - $64,000 area. 🔸 Bulls must hold above $67,000 to maintain short-term stability. 🔸 A break below $67,000 will shift the short-term outlook to bearish. 🔸 Resistance remains at $72,000 - $74,000.
$AXL is breaking out this Falling Wedge Pattern and RSI is also showing bullish divergence.
Entry Point: Start accumulating once the price exceeds $0.97.
Targets:
Midterm Goal: 60% increase Long Term Goal: 170% increase Trading Options: AXL is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $0.78.
About $AXL
Axelar aims to provide secure cross-chain communication for Web3. This project offers a decentralized network and a suite of tools to assist developers of decentralized applications (dApps) in achieving seamless cross-chain interactions via its protocols, tools, and APIs.
$PIXEL Breakout this falling wedge pattern and currently retesting it.
Entry: accumulate above $0.39 Target: Midterm target 50% long term target 200%
This coin is available in both spot and futures. You can buy it on the spot, or if you want to long it on futures, you can do so with a stop-loss at $0.35.
ABOUT $PIXEL
Pixels is a social casual web3 game on the Ronin Network, featuring an engaging open-world experience centered on farming, exploration, and creation. DYOR, NAF
#Bitcoin liquidation heat map: Over the last day, we took out a bit of downside liquidity with a short-term pullback caused by recent news. However, suppose we zoom out to a slightly larger timeframe on the liquidation map. In that case, we can still see a lot of liquidity to the upside, mainly sitting at around $70.7K and going up towards approximately $71,000. Since the short-term pullback over the last day, many new short positions have opened up, with a liquidation price around $71,000. This means it is quite likely that the price could return to those levels sometime soon. Once the price eventually crosses above $71,000 again, it will liquidate hundreds of millions of dollars in short positions, potentially causing a short squeeze to the upside.
Mark Karpeles, the former CEO of Mt. Gox, stated that the trustee is moving bitcoins to a different wallet in preparation for distributions likely happening later this year. There is no imminent sale of bitcoins; this movement is just for preparation. The current repayment deadline is October, though it has been delayed multiple times before and could be delayed again. When the distributions occur, potentially around October, some bitcoins might be sold on the market. Recent bitcoin movements caused a brief price drop, but these are not distributions, just transfers.
Yesterday, billions of dollars worth of #Bitcoin moved from the Mt. Gox Bitcoin Trust wallet, causing a drop in Bitcoin's price. Mt. Gox, once the largest Bitcoin exchange, collapsed years ago, and creditors have been waiting to get their Bitcoin back. The Trust holds over 100,000 Bitcoins, which will be returned to creditors soon, potentially flooding the market.