Here is #WIF setup! My entry is $2.12, not the best, but st | Crypto Eagles på Binance Square

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Here is #WIF  setup! My entry is $2.12, not the best, but still fine in long-term!
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Have you tried before? Binance Word of the Day? I have played 4 Games and Found 4 words playing Word if the Day on Binance You can collect points on Binance. Where we can see 👀? Don’t worry Eagle will provide you guidline. You can go to the notification 🔔 icon then go to the campaigns. You will see Word of Day Game. Go and nailed it. Good luck 🤝 #BinanceTournament $BTC

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Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash: Mt. Gox announced on Friday that it has begun repaying customers, concluding nearly a decade-long wait for some users to reclaim their cryptocurrency. The now-defunct crypto exchange was once the leading platform globally, managing over 70% of all bitcoin (BTC) transactions during its prime. The exchange declared bankruptcy following a 2014 hack that led to the loss of approximately 740,000 bitcoins. The news of the repayments exerted selling pressure on bitcoin and the broader crypto market after Mt. Gox announced last month that it would begin repayments in July. "Mt. Gox moved 47,228 BTC, signaling the start of their repayment process, which has caused some market fear due to the large potential sell-off...However, it's worth noting that despite these concerns, the long-term impact may be less severe as the market gradually absorbs the selling pressure," said Willy Chuang, COO of the crypto exchange WOO X. Bitcoin dropped to $54,000 earlier in the day, marking its lowest level in five months. This plunge led to the liquidation of over $580 million in bullish bets. $BTC $BCH #US_Job_Market_Slowdown #BinanceTournament

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Bitcoin drops below $54K as crypto liquidations near $665M Approximately $222 million in long Bitcoin positions were liquidated in the last 24 hours, as BTC's price reached its lowest level since February. Bitcoin hit a four-month low of $53,499 on Coinbase following news of Mt. Gox’s latest cold wallet transfer impacting the markets. BTC began its decline around July 5 at 4:19 am UTC, reaching its lowest point since late February, according to TradingView. Meanwhile, crypto liquidations surged to $664.5 million over the past 24 hours, the highest in two months per CoinGlass. Bitcoin has since slightly recovered to $54,300, down around 7.4% in the last 24 hours. Other major cryptocurrencies, including Ether and Solana, also experienced near 10% drops. ETH fell to $2,898.20, dipping below the key $3,000 level it had maintained since mid-May, according to Cointelegraph Markets Pro. Crypto liquidations in the past 24 hours included $584 million in long bets and almost $82 million in shorts, with long BTC positions accounting for $222 million of the total. $BTC #BinanceTournament

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Can Bitcoin catch up Gold? Gold has declined over the past two months, a move anticipated as the market entered the fifth wave of an extended wave 3 following a new all-time high. Currently, it appears we are experiencing a corrective pause in a higher degree wave 4, which may be nearing its conclusion. If so, this would lead to an increase in price for wave 5 of III. Bitcoin (BTCUSD) remains in a higher-degree uptrend after reaching a new all-time high in March, followed by a pullback that is still ongoing. This pullback seems to be part of a higher degree wave IV on the daily chart, likely forming a deeper A-B-C flat correction that could bottom out in the 55k-50k range. Gold is already rebounding and showing strong performance, having possibly completed its correction within a bullish trend. This is reflected in the Bitcoin/Gold ratio chart declining. However, once the BTC/Gold ratio chart finishes wave (C) of a higher degree A-B-C correction in wave 4, the BTC/Gold ratio could head towards all-time highs for wave 5, indicating that Bitcoin might then catch up to gold on the upside. $BTC $ETH #BinanceTournament

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Are Bitcoin Miners Capitulating Amid the Drop Below $60K? The Bitcoin network is exhibiting signs of miner capitulation, a stage characterized by miners stopping operations or selling part of their Bitcoin reserves. Historically, this process has been linked to Bitcoin prices bottoming out, followed by a much-needed uptrend. Signs of Bitcoin Miner Capitulation: Since the recent halving, the network hash rate has decreased by 7.7% from its peak on April 27. According to CryptoQuant, this decline indicates that less efficient miners have likely shut down their equipment due to negative profitability. CryptoQuant’s miner profit/loss sustainability indicator shows that miners have been significantly underpaid since April 20, the day after the 2024 Bitcoin halving. Daily revenues have dropped by 63%, from $79 million on March 6 to $29 million currently, with transaction fees comprising just 3.2% of the total revenue, the lowest share since April 8. The average mining revenue per hash (hash price) is also near all-time lows at $0.049 per EH/s, just above the record low of $0.045 reached on May 1. Additionally, miners have been transferring Bitcoin out of their wallets at increased rates, with daily outflows hitting their highest volume since May 21, indicating potential selling. $BTC #BinanceTournament

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