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📊 Currently, 17.6% of the 21 million
$BTC
is lost, with governments accounting for 2.7%
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⛏ $BTC Miners are still under significant pressure, as indicated by Bitcoin Hash Ribbons
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🎢 Based on historical cycles, if the 4-year price cycles for $BTC continue, the next cycle top would be expected in late 2025. During previous cycle tops, the price has been roughly 5 years ahead of the power law support. If this trend holds for the next cycle peak, Bitcoin could reach $255,000 by October 1st, 2025.
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🇩🇪 $BTC continues to flow out of #GermanGoverment wallets, even on weekends. They did not buy back Bitcoin yesterday; instead, not all their sell orders were filled, so the unsold Bitcoin was returned to their account.
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📈👀 $SOL #Coin98 report: ▪️ Solana's box office and revenue grew significantly in the second quarter, reaching more than $26 million, up more than 42 times year-over-year; ▪️ Solana's total trading volume reached $292 billion, which is almost 7 times more compared to the same period last year.
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🤔 $BTC Analyst C.Q.: The absence of real demand for the coins indicates that investors do not consider the current price attractive for purchasing. Something might change on Monday, but I highly doubt it.
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