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BREAKING: 🇩🇪 German Govt. strikes again. Moved 1,300 #BTC (Approx. $75.53M Sent to Bitstamp, Coinbase, and Kraken Largest CEX transfer recently. #bitcoin #binance $BTC
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#BTC The Mayer Multiple metric, which assesses the ratio between price and its 200-day moving average (200DMA), is an essential tool for evaluating market momentum. The 200DMA serves as a simple indicator to gauge bullish or bearish trends, with any breaks above or below this average marking key market pivot points. The 200DMA is currently at $58,000, aligning with on-chain price models. #BTC☀ #Binanace $BTC $BNB $SOL
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#bitcoin Distribution of 21 Million #btc $BTC
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#Allcoin What do you think about the All Coin trend? #binance #bitcoin $BTC $BNB
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WHY IS BITCOIN DUMPING? BTC recently dropped below $61,000, making a new monthly low of $60.5K Here are some of the major reasons behind this BTC dump 👇 1) Mt. Gox distribution Just a few hours ago, Bloomberg reported that Mt. Gox had announced plans to distribute 143K BTC to its creditors starting in July. This will add huge selling pressure on BTC, and that's why the market is dumping in panic. 2) Miners selling In the month of June, miners selling reached a yearly high. Miners sold around 30K worth $1.8B in the first 3 weeks. 3) Huge ETF outflows Since June 15, Bitcoin ETFs have experienced nearly $1B in outflows. It has experienced seven consecutive trading days of outflow, and it still seems like there could be more to come. 4) The German government dump Beside miners and ETFs, the German government is also selling BTC. It has sold over $200M worth of BTC and still holds over $2.8B worth of it. All of this has caused spot selling along with massive forced liquidations. In the long run, BTC is still going to $100K+, and you need to HODL your bags; otherwise, you'll always buy high and sell low. #BTC☀ #ETHETFsApproved #BinanceTournament $BTC $BNB $ETH
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