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HOLD, SELL or BUY??? ALL YOU NEED TO KNOW ABOUT THIS MARKET DUMP👇🏽👇🏽 The panic is intense and a lot of people are in sure of what to expect from the market anymore, is the bull run over? Will there be a bull run? Are we back in the bear market? Relax and read 👇🏽 Mt. Gox is set to begin the repayment of 141,686 BTC this month. The market is experiencing a downturn as some believe that BTC may drop to $45K or even $40K. Let's address the fear, uncertainty, and doubt surrounding the Mt. Gox dump. The distribution of Mt. Gox BTC will occur in 3 phases: early payment (July to Oct), intermediate payment (final creditors), and final payment (years later). Currently, the focus is on the early payment, which will consist of 71,403 BTC. There are various types of investors involved, including individual creditors, credit funds, and exchanges. When Mt. Gox was hacked, BTC was trading at $600, and the holders have already seen a 100x increase. With the current bull market, the selling pressure is expected to be significantly lower. It is estimated that 50% of the coins will be sold, totaling 35,700 BTC worth $2.1 billion. The market can handle 6K–10K BTC of sell pressure due to low ETF inflows, and during high ETF inflows, it can absorb 15K–25K of daily BTC sell pressure. This suggests that the 35,700 BTC won't have as severe of an impact on the market as anticipated. The reason for the BTC dump is an overestimation of the Mt. Gox selling. In my opinion, BTC will likely find support in the $44k-$52k range, and only a black swan event (war, pandemic) could push BTC below that. If you found this information helpful, please like, repost, and comment.
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PANIC IN THE MARKET Mt. Gox moved Bitcoin, causing panic in the market. This might be a good opportunity to buy the dip as a small recovery rally of 15-30% in altcoins is anticipated. Don’t panic, just DCA.
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Around 670 million dollars in liquidation! The largest one after FTX! The highest liquidations occur at the major reversal area!
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TapSwap Update: The Good and The Ugly, ALL YOU NEED TO KNOW!! 🚨 Important Update!🚨 1\ We've got some bad and really good news for you at the same time: our team has decided to move the date for the Shares-to-Token exchange event. You might wonder, what's good about that? Just FUD? 🤔 Not exactly. The whole point is that you'll actually benefit from this. Let us explain how: 2\ Recently, there’s been a lot of buzz 🐝 around Tapswap, especially about listing on tier 1 exchanges, a massive drop, and more. And it’s no surprise: the project has become one of the major players globally, ranking in the top 🌍. This kind of attention attracts not just scammers but also leaders in the web3 industry. 3\ So, not all rumors are just rumors. The Tapswap team is actually in active talks with tier 1 exchanges! 📈 And they are thrilled with you – our community! Isn't this what we've been tirelessly working towards together? 4\ However, this success comes with some "inconveniences." This level of attention requires much more detailed work on tokenomics and the right launch strategy. And that means extra time. ⏳ 5\ But know that this is all to ensure that our launch in Q3 is fair and, more importantly, profitable for all of you who stand by us no matter what. 💰 6\ So, as you can see, there are plenty of reasons to be happy 😊 about this change. And very soon, we’ll give you some even bigger news about our future, tier 1 partnerships, and the drop itself! 🎉 7\ We really value your support. And we truly listen to your feedback, so don't forget to share it in the comments. Together, we'll keep reaching higher and higher levels! 🚀 Share your thoughts on this update from the TapSwap team.
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Breaking: The Catizen Token Airdrop is scheduled for this July on the $TON Blockchain, and will encompass 42% of the total supply for Community allocation. The community has selected the vKitty token for the Airdrop, which is generated by higher level cats. Are you participating or not?
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