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Global Blockchain Show in Dubai, day 2. Watch my fireside chat at 11:30 if you are here.
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#Bitcoin has surpassed its FOMO level after staying below it since July 3rd! Historically, this could mean a 200-400% price surge in the coming months. Therefore, holding this level ($60.8K) is crucial as we head into November (US elections) and Q4 in general
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The market is in fear levels, which were last seen on Dec 14, 2022, when #Bitcoin was $17.8K. Despite negative news like Mt. Gox repayment, Germany selling Bitcoin, and miners capitulating, BTC is above $57K. Is the summer bottom in, or will we keep sliding? Share your thoughts👇
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📊 Bitcoin Supply in Profit stands at 80.6%. The last time we hit this level was Oct 19th, 2023. when BTC was $28.69K. With addresses in profit declining, so is the selling pressure.
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Why You Shouldn’t Worry if This Dip Was Bottom for Bitcoin/Altcoins But Focus on Something Greater
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📉 Bitcoin addresses holding 1K-10K #BTC have shown a strong correlation with Bitcoin price movements. Since May 28th, these entities have offloaded some BTC. It’s crucial to monitor if this trend continues or if a decoupling occurs.
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