Bitcoincrashcandle
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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
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
📉 FEAR & GREED INDEX LOWEST SINCE BITCOIN TRADED AT $17K IN EARLY 2023 😱
🔔 The Crypto Fear & Greed Index, a trusted sentiment metric, has plunged to extreme fear levels, reminiscent of Bitcoin’s low of $17K in early 2023. Earlier this March, the index hit extreme greed levels near the crypto market’s local top, but now, it’s spiraling in the opposite direction.
📉 The Fear & Greed Index, a contrarian indicator for buying and selling, signals potential further downside for Bitcoin's price, analysts caution. The drop is attributed to seized BTC sales by the German and U.S. governments and sell pressure from Mt. Gox user refunds, as noted by SynFutures' Rachel Lin.
📉 Crypto investor sentiment has plummeted to its lowest levels since the end of the 2022 crypto winter, with Bitcoin's (BTC) recent plunge below $54,000 dragging down the digital asset markets. The Crypto Fear & Greed Index, created by Alternative.me, illustrates market enthusiasm towards Bitcoin and other major cryptocurrencies, with 0 representing extreme fear and 100 indicating extreme greed. On Friday, the index dropped to 29, its deepest dive into the fear zone since January 2023, when Bitcoin traded around $17,000 after 2022's brutal bear market.
🔎 The gauge issued a contrarian sell signal last March when it reached the 90 level, near what turned out to be the 2024 top of the broader crypto market and Bitcoin's all-time high of about $73,500. Since then, BTC and ETH have dropped 25%-30%, while major altcoins have plunged around 50%, with smaller tokens faring even worse.
Never miss an update with @Professor Mende - Founder of BONUZ Project - in Dubai UAE !
#bullorbear #bullrun #bearrun #Bitcoincrashcandle #cryptonews
$BTC $ETH $BNB
🔔 The Crypto Fear & Greed Index, a trusted sentiment metric, has plunged to extreme fear levels, reminiscent of Bitcoin’s low of $17K in early 2023. Earlier this March, the index hit extreme greed levels near the crypto market’s local top, but now, it’s spiraling in the opposite direction.
📉 The Fear & Greed Index, a contrarian indicator for buying and selling, signals potential further downside for Bitcoin's price, analysts caution. The drop is attributed to seized BTC sales by the German and U.S. governments and sell pressure from Mt. Gox user refunds, as noted by SynFutures' Rachel Lin.
📉 Crypto investor sentiment has plummeted to its lowest levels since the end of the 2022 crypto winter, with Bitcoin's (BTC) recent plunge below $54,000 dragging down the digital asset markets. The Crypto Fear & Greed Index, created by Alternative.me, illustrates market enthusiasm towards Bitcoin and other major cryptocurrencies, with 0 representing extreme fear and 100 indicating extreme greed. On Friday, the index dropped to 29, its deepest dive into the fear zone since January 2023, when Bitcoin traded around $17,000 after 2022's brutal bear market.
🔎 The gauge issued a contrarian sell signal last March when it reached the 90 level, near what turned out to be the 2024 top of the broader crypto market and Bitcoin's all-time high of about $73,500. Since then, BTC and ETH have dropped 25%-30%, while major altcoins have plunged around 50%, with smaller tokens faring even worse.
Never miss an update with @Professor Mende - Founder of BONUZ Project - in Dubai UAE !
#bullorbear #bullrun #bearrun #Bitcoincrashcandle #cryptonews
$BTC $ETH $BNB
📉 BREAKING: $240,000,000 worth BTC SENT TO COINBASE EXCHANGE by US GOVERNMENT 📈
The United States government transferred 3,940 Bitcoin to a Coinbase Prime wallet on June 26, as per onchain data from Arkham Intelligence. This transaction took place at 5:00 pm UTC and involves Bitcoin seized from convicted drug trafficker Banmeet Singh.
🚔 Case Background:
👮♂ Banmeet Singh: Singh was arrested in London in 2019 on drug distribution charges and extradited to the U.S. in 2023. From 2012 to 2017, he ran a narcotics smuggling network with distributors across multiple states.
🪙 Bitcoin Seizure: As part of his sentencing, Singh was forced to surrender over 8,100 Bitcoin, worth approximately $150 million at the time. The U.S. DEA termed this as their largest cryptocurrency seizure.
🕵♂ Current Status: Singh was sentenced to five years in prison in April 2024 but has been released due to time served. He plans to return to India following his release.
💰 Sell-Off Concerns: The Bitcoin market is jittery over potential government sell-offs impacting prices. Recently, the German government was reportedly unloading Bitcoin worth around $2.76 billion.
🗂 Government Holdings: Arkham data shows the U.S. government currently owns about 214,000 Bitcoin valued at around $13 billion, making it the largest state holder in their database.
🏦 Mt. Gox Liquidation: Investor fears are further stoked by the Mt. Gox bankruptcy estate beginning the process of unloading 140,000 Bitcoin to reimburse victims of the 2014 collapse.
📉 Exchange Balances: Despite these sell-off fears, exchange balances are at six-year lows, counterbalancing potential price declines.
📉 Bitcoin Price Watch: The transfer of seized Bitcoin to an exchange typically signals a potential sell-off, which could impact prices.
IMPORTANT FOR YOU: Watch out for potential huge dumps that could crash the BTC price!
Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE to stay updated on Bitcoin matters!
#btc #Bitcoincrashcandle #markettrends #bearish #warning
$BTC $ETH $BNB
The United States government transferred 3,940 Bitcoin to a Coinbase Prime wallet on June 26, as per onchain data from Arkham Intelligence. This transaction took place at 5:00 pm UTC and involves Bitcoin seized from convicted drug trafficker Banmeet Singh.
🚔 Case Background:
👮♂ Banmeet Singh: Singh was arrested in London in 2019 on drug distribution charges and extradited to the U.S. in 2023. From 2012 to 2017, he ran a narcotics smuggling network with distributors across multiple states.
🪙 Bitcoin Seizure: As part of his sentencing, Singh was forced to surrender over 8,100 Bitcoin, worth approximately $150 million at the time. The U.S. DEA termed this as their largest cryptocurrency seizure.
🕵♂ Current Status: Singh was sentenced to five years in prison in April 2024 but has been released due to time served. He plans to return to India following his release.
💰 Sell-Off Concerns: The Bitcoin market is jittery over potential government sell-offs impacting prices. Recently, the German government was reportedly unloading Bitcoin worth around $2.76 billion.
🗂 Government Holdings: Arkham data shows the U.S. government currently owns about 214,000 Bitcoin valued at around $13 billion, making it the largest state holder in their database.
🏦 Mt. Gox Liquidation: Investor fears are further stoked by the Mt. Gox bankruptcy estate beginning the process of unloading 140,000 Bitcoin to reimburse victims of the 2014 collapse.
📉 Exchange Balances: Despite these sell-off fears, exchange balances are at six-year lows, counterbalancing potential price declines.
📉 Bitcoin Price Watch: The transfer of seized Bitcoin to an exchange typically signals a potential sell-off, which could impact prices.
IMPORTANT FOR YOU: Watch out for potential huge dumps that could crash the BTC price!
Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE to stay updated on Bitcoin matters!
#btc #Bitcoincrashcandle #markettrends #bearish #warning
$BTC $ETH $BNB
$BTC Dün ki yazımda Çizgi üzerinde Kapanış önemli demiştim. Bir çok eleştiri gelmişti . Aşağıdaki resimlerde Dün ki yazımı ve bugün ki Bitcoin 4 bin dolar aşağı iğne attığı resim görebilirsiniz. Bir çok insan tek bir mum da işlemler de tasfiye oldu . Bu nedenle kapanış nerede yaptığı çok önemli . Halving te bir çok insan büyük dalgalarda boğulacak para Kazanamayacak, Ancak biz temkinli adımlarla sabır la güzel paralar kazanacağız .Para kaybedenlere geçmiş olsun ...
#Bitcoincrashcandle #BitcoinLiquidity #btc #bitcoin #halving
#Bitcoincrashcandle #BitcoinLiquidity #btc #bitcoin #halving
