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Professor Mende - Founder of BONUZ Project - in Dubai UAE
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Professor Mende - Founder of BONUZ Project - in Dubai UAE
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🚨 99% OF $8,200,000,000 IN BTC LIKELY TO BE DUMPED BY MT. GOX CREDITORS 🚨 Will this crash the Bitcoin price even further? 📉 The impending Mt. Gox Bitcoin repayments are poised to unleash significant selling pressure on the market. According to finance analyst Jacob King, nearly all of the $8.2 billion in Bitcoin set to be returned to creditors may be sold off, potentially driving Bitcoin prices down further. 🔍 Onchain data suggests that Mt. Gox’s former creditors have already begun selling their Bitcoin. King highlighted this in a July 4 X post, stating, “No Bitcoiner will say this out loud, but the majority of the $8.2 Billion in $BTC that is set to be distributed back to ex-clients are going to be sold off.” 💥 This bearish outlook arrived just as Mt. Gox initiated its repayment process on July 5, distributing both Bitcoin and Bitcoin Cash to its creditors. 📊 The potential market impact is substantial, with Bitcoin already struggling to maintain momentum. The cryptocurrency faces an 18% quarterly loss per CoinMarketCap. 🔥 King warned that the additional selling pressure from the Mt. Gox repayments could drive Bitcoin back into bear market territory, stating, “Based on the current low demand volume, this will easily send BTC back into a harsh bear market.” 💡 More than $9.4 billion worth of Bitcoin is owed to approximately 127,000 creditors, many of whom are expected to sell their holdings immediately, given Bitcoin's 8,500% price increase over the past decade. King speculates, “I’d say 99% of those on Mt. Gox are going to sell their coins the moment they get it. Imagine billions worth of Bitcoin all being dumped gradually over the next several weeks. There is no way to spin this to be bullish.” Stay updated with @Professor Mende - Founder of BONUZ Project - in Dubai UAE ! #mtgox #bearmarket #bitcoinnews #marketanalysis $ETH $BNB
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🚨 BITCOIN DROPS BELOW $54K AS CRYPTO LIQUIDATIONS NEAR $665M 🚨 Bitcoin has plunged below $54,000, hitting its lowest level since late February as crypto liquidations surge. Here’s a closer look at the reasons behind the drop and what this means for the crypto market. 📉 Market Breakdown Bitcoin (BTC): Dropped to $53,499 on Coinbase, marking a four-month low. Current Price: Slight recovery to $54,300, but still down 7.4% in the last 24 hours. Liquidations: Crypto liquidations hit $664.5 million, the highest in two months. Long BTC Positions: $222 million liquidated. Long ETH Positions: $163 million liquidated. Total Liquidations: $584 million in longs and $82 million in shorts. 💡 Key Factors Driving the Drop Mt. Gox Bitcoin Transfer: On July 5, Mt. Gox transferred 47,229 BTC ($2.6 billion) to a new address, sparking fears of sell pressure. This is the first major move since May, adding to market uncertainty. German Government Sales: Since June 19, the German government has sold 7,583 BTC ($419.5 million). They still hold 42,274 BTC ($2.3 billion), further contributing to potential market sell-offs. Market Sentiment: The Crypto Fear and Greed Index shows a score of 29, indicating “Fear.” Traders are wary of further sell pressure from ongoing liquidations and government sales. 📊 Broader Crypto Impact Ethereum (ETH): Dropped below $3,000 to $2,898, a significant support level. Solana (SOL): Fell nearly 10%, reflecting broader market declines. Other Cryptos: Most major altcoins followed suit with significant drops. 🔍 Analysis and Projections Markus Thielen, 10x Research Analyst: Predicts Bitcoin could fall to $50,000 due to continuous selling pressure. Did you buy the dip yet or are you waiting for a bigger discount? Like, share & follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more! #Bitcoincrashcandle #bullorbear #bearish #btc #bitcoin $BTC $ETH $BNB
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🚀 5 Meme Coins to Watch That Could Pump This Summer 🐶 1. Sealana (SEAL) Sealana (SEAL) has already raked in over $5 million during its presale phase. With the presale set to end in just one day, investors are eager to get involved. Why Sealana? In a market often filled with buzzwords, Sealana’s straightforward strategy is refreshing. The South Park-oriented style creates some great recognition & branding. 2. 🐕 PlayDoge (PLAY) PlayDoge is a fully-fledged mobile game that brings Tamagotchi vibes to the blockchain. Nurture your digital Doge pet, play mini-games, and earn PLAY tokens. Highlights of PlayDoge: Successful Presale: Raised over $5 million in the past month. Staking Protocol: Yields are estimated at 134% per year, with over 140 million PLAY tokens already staked. 3. 🐸 Pepe Unchained (PEPU) Pepe’s back, and this time, he’s bringing additional functionality. Pepe Unchained (PEPE) will offer a custom-built layer-2 solution for Ethereum, aiming to be up to 100x times faster. Why Consider PEPU? Innovative Tech: Aims to reduce fees and make transactions quicker. Retail Interest: The presale has raised over $500,000 since last week. 4. 🦮 Base Dawgz (DAWGZ) Base Dawgz (DAWGZ) features a skydiving Shiba Inu mascot and a multi-chain strategy. DAWGZ will be available on multiple chains, including Ethereum, Solana, Avalanche, and BNB Chain. Key Features: Share-to-Earn Setup: Community members can earn DAWGZ tokens for posting memes and going viral. Successful Presale: Raised over $2 million ahead of its open market debut. 5. 🌀 Turbo (TURBO) Turbo (TURBO) was created by GPT-4 on a budget of just $69, but it has grown into an established meme coin with a market cap north of $320 million. Why Turbo? Hilarious Origins: Created on a tiny budget, adding to its meme appeal. Retail Attraction: Continues to draw attention despite having no roadmap or goals. I will also update you about these MEMES soon: WATER, BEER, TEA, TMANIA, CHILL and KITTY GUARDIAN Mende #memecoins #memecoin #doge #pepe #shib $PEPE $SHIB $DOGE
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💥WILL A $2,300,000,000 TRADE SAVE THE BITCOIN PRICE?💥 Tron founder Justin Sun has proposed purchasing the German government’s $2.3 billion Bitcoin holdings off-market to mitigate potential market impact. 📰 1. The Offer: Justin Sun, founder of Tron, publicly announced on July 4th to his 3.5 million followers on X that he is willing to negotiate with the German government to buy their Bitcoin holdings off-market. This move aims to prevent a significant drop in Bitcoin prices. 📢 Justin Sun’s Statement: “I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the market.” 2. The Background: The German government’s wallet, tagged by Arkham Intelligence as “German Government (BKA),” has been steadily selling its Bitcoin holdings, stirring concerns in the crypto community. The wallet first drew attention on June 19 with a transfer of 6,500 BTC (worth over $425 million). The wallet initially held nearly 50,000 BTC, believed to have been seized from the Movie2k piracy site operator. 3. Latest Movements: The wallet has been active in transferring large sums of Bitcoin: July 4: $172 million worth of BTC was transferred to multiple crypto wallets, including $75 million to Coinbase, Kraken, and Bitstamp. July 2: $52 million worth of BTC moved, with specific transfers to Coinbase, Bitstamp, and Kraken. 🚨 Impact on the Market: Potential Market Pressure: Continuous selling by the German government threatens to apply sustained downward pressure on Bitcoin’s price. This could be particularly destabilizing, especially with BTC recently dropping below the critical $60,000 mark. Justin Sun’s Intervention: Sun’s offer to purchase the BTC off-market could stabilize Bitcoin prices by preventing a large-scale sell-off. This move is seen as a strategic effort to protect the market. What do you think about this move? Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for more of @Justin Sun孙宇晨 ideas to problems :) #btc #justinsun #bitcoinprice #bullorbear #bitcoin $BTC $ETH $BNB
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🚨 BITCOIN BELOW $57K - WILL IT CRASH TO $50,000?🚨 Bitcoin might be on the brink of a significant downturn, with analysts at 10x Research warning of a potential drop below $50,000. Here’s a breakdown of the situation: Key Points 📉 1. Dwindling Buy Flows and Accelerating Sell Flows According to 10x Research, Bitcoin’s sharp decline from over $60,000 on July 4th may just be the beginning. The significant drop is attributed to a decrease in buying activity and an increase in selling pressure. 🔻 Markus Thielen, Analyst at 10x Research: “Our data from early June already hinted at an overbought market ripe for correction.” 2. Psychological Benchmark Breach 🚩 The fall below the $60,000 mark towards $50,000 signifies a major shift in market sentiment. The breaking of this key support level could accelerate the downward trend as sellers scramble to find liquidity. 3. Impact on Investor Sentiment and Market Liquidity 💔 Bitcoin’s 5.44% drop significantly impacted investor confidence and market liquidity: Market Capitalization: BTC’s market cap stands at $1.1 billion. Trading Volume: There’s been a 57% increase in trading volume. 🔺 Key Support Levels: Breaking the $60,000 support, a critical level for Bitcoin miners and spot Bitcoin ETF buyers, could trigger further selling pressure. 4. Mt. Gox Repayments 🏦 The anticipated repayments of $8.5 billion worth of BTC from the defunct exchange Mt. Gox, starting in July, coincide with this sell-off, adding to the downward pressure. 5. Technical Analysis 📊 The 10x Research report highlights a “Double Top Formation” for Bitcoin since December 2023, suggesting that the recent price movements fit this bearish pattern. Stay tuned & follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE for further updates and market analysis as this situation unfolds. #bitcoincrash #bullbear #bearrun #btc #marketanalysis. $BTC $ETH $BNB
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