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The_Eagle100
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Someone bought the dip HARD
9 hours ago
Someone bought $935M worth of
BTC
ie 15793 BTC under $60K
Ansvarsfraskrivelse: Indeholder udtalelser fra tredjeparter. Ikke økonomisk rådgivning. Kan indeholde sponsoreret indhold.
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The_Eagle100
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GBTC Dumps another 90.5M The Hedge Fund Carry Trade unwind continues. We will find out soon if any other ETFs are snagging this dip or hanging tight.
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Bitcoin Situation Right Now Bitcoin is experiencing a significant consolidation phase after its recent 4x price increase. The market is currently facing more selling pressure than buying demand due to several factors: Mt. Gox is preparing to distribute 143,000 BTC and 143,000 BCH to its creditors starting in July 2024, potentially flooding the market with supply. This has many rattled. I think the real amt of selling will be far less than this. Bitcoin ETFs have seen over $1 billion in outflows over the past 10 days, though BlackRock's IBIT fund continues to hold. Miners are selling their holdings and showing signs of capitulation as they struggle with profitability post-halving. Retail investors are experiencing "max pain" with sentiment turning bearish. The Crypto Fear & Greed Index has dropped to 39, indicating a bearish market sentiment. The price of Bitcoin has fallen below $61,000, I've been talking about this STHRP for 2 weeks now... and it was looking very fragile - well it was. This dip below is now triggering a spike in long liquidations. Germany is selling. Hedge Fund Carry Trade is unwinding. This consolidation phase is typical for Bitcoin's market cycles, but it's causing significant pressure on current holders and traders. The market is now testing key support levels as it navigates this challenging period. I am 15% cash and will deploy some soon if I see strength back!!! PS Level 5 is 57K and we were at 60K on the 11th May
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Bitcoin # of days at price range just some fun with numbers Bitcoin has predominantly spent its time in the lower price ranges, specifically below $10,000 back in the old days also as recent as 2020. The days significantly decrease as the price levels increase. This indicates that Bitcoin has historically spent more time at lower price levels. The number of days at certain levels shows where it hovers eg 25-30 40-45 60-65
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SOL ETF coming to Canada They call them ETPs up there Big news In addition, Mert says something big is coming tomorrow also and it is not about the ETF
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🚨JUST IN: SEC DROPS LAWSUIT ON ETHEREUM AND HINTS AT ENDING RIPPLE-SEC LAWSUIT FOR $XRP! Currently priced at just $0.79, the #CTF Token is projected to surge to over $1,497, even with a market cap of just $40 billion. This is minimal given the potential transaction volume of $30-$50 trillion The #XRP Ledger is expected to manage between $30 trillion and $50 trillion by 2025, with all transactions transitioning into the CTF Token, the premier and exclusive DeFi token on the #XRPL
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