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Crypto PM
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Over $320M in liquidations in the past 24 hours, as Bitcoin, loses $20k support ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ #buildtogether #liquidation #crypto101 #Bitcoin #Bearish LIKE โค๏ธ FOLLOW ๐Ÿ™ COMMENTโŒจ๏ธ SHARE๐Ÿ”—

Over $320M in liquidations in the past 24 hours, as Bitcoin, loses $20k support ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ

#buildtogether #liquidation #crypto101 #Bitcoin #Bearish

LIKE โค๏ธ FOLLOW ๐Ÿ™ COMMENTโŒจ๏ธ SHARE๐Ÿ”—

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๐Ÿ“Š Bitcoin Chart Update ๐Ÿ“Š Bitcoin hit max pain 66k today (also second entry for our swing setup). I do believe we have formed a local bottom. Seeing such a bearish timeline makes me even more confident that they've been capitulated. Invalidation only if we close daily below 64k Long and strong ๐Ÿ’ช๐Ÿ’ช $BTC #bitcoin #BTC #BTCUSDT #btc70k #BTCโ˜€
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BitMEX co-founder Arthur Hayes made a bold prediction about Aptos (APT), an Ethereum competitor. ๐Ÿš€ He told Coin Bureauโ€™s Jessica Walker that Aptos, a layer-1 smart contract blockchain, will surpass Solana (SOL) this market cycle. ๐ŸŒŸ โ€œI think Aptos could be the number two L1 over Solana within this cycle. Thatโ€™s a one to three-year sort of prediction.โ€ Currently, Aptos has a market cap of $3.54 billion, trading at $8.10, down 5.02% in the last 24 hours. Meanwhile, Solanaโ€™s market cap is $72.246 billion, trading at $155, down 3.78%. ๐Ÿ“‰ #memecoins are Here to Stay Hayes also believes memecoins are here to stay. ๐Ÿ’ซ โ€œMemecoins are here to stay and are going to get even crazier as thereโ€™s more money printed. People love buying trendy things without needing to understand them deeply. So, memecoins will continue to attract those new to crypto with their easy-to-understand appeal and potential for quick gains.โ€ In short, Hayes sees a bright future for both Aptos and memecoins. ๐ŸŒŸ Keep an eye on these trends! ๐Ÿ‘€ #Aptos #Ethereum #solana
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The Solana blockchain has been buzzing with activity! ๐Ÿš€ Despite this surge, SOL's price has dropped. ๐Ÿ“‰ Market indicators show a weakening correlation between SOL and Bitcoin (BTC), predicting SOL might dip below $160 soon. ๐Ÿ˜ฌ In the past 24 hours, Solana saw a significant boost in Unique Active Wallets (UAWs), driven by decentralized apps like Jupiter, Raydium, and Magic Eden. ๐ŸŒŸ Jupiter Exchange led with a 251% increase to 307,100 UAWs! ๐Ÿ“ˆ ### Memecoin-Driven Activity and Price Volatility Platforms like Raydium and Jupiter are seeing a spike due to the memecoin trend, influenced by GameStop (GME) and trader Keith Gill, aka โ€œRoaring Kitty.โ€ ๐Ÿฑ This memecoin frenzy boosted demand for SOL, but despite this, SOL's price fell 5.44% in the last 24 hours to $162.44. ๐Ÿ’” Traders often engage in pump-and-dump practices, buying memecoins and quickly converting gains to SOL, then to stablecoins or fiat. This leads to ongoing price volatility. ๐ŸŽข Solana Price Forecast Volatility measures rapid price changes. Current trends suggest SOL might dip below $160 soon. ๐Ÿ“‰ Despite Bitcoin's movements, recent data shows a declining correlation between SOL and BTC. ๐Ÿ”„ In the short term, SOL is unlikely to hit $200. However, long-term predictions suggest SOL could eventually reach $1,000 if the overall market improves. ๐Ÿ“ˆโœจ Stay tuned and watch the market! ๐Ÿ‘€๐Ÿ” #Solanaโฉ #JupiterToken #Raydium #Memecoin
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Hey there, it seems like the Bitcoin ETFs in the U.S. are experiencing a bit of a rollercoaster ride lately! ๐ŸŽข After four weeks of seeing some serious gains, they've hit a rough patch. ๐Ÿ˜ฌ According to Farside Investors, they recorded a net outflow of $64.9 million on June 10. Ouch! ๐Ÿ˜“ Especially for Grayscale Bitcoin Trust (GBTC), which took the biggest hit with $39.5 million in outflows. But hey, it's not all doom and gloom! Bitwise Bitcoin ETF (BITB) and iShares Bitcoin Trust (IBIT) are still hanging in there with some inflows of $7.6 million and $6.3 million, respectively. ๐Ÿš€ Now, let's talk numbers. The total net inflows of spot BTC ETFs soared past $15.6 billion over those four weeks, which is pretty impressive! ๐Ÿ’ฐ But with investors feeling a bit cautious ahead of the U.S. CPI data release on June 12, things are a bit shaky. Last month's CPI hit 3.4%, as expected, which sparked some bullish vibes. ๐Ÿ‚ As a result, the global crypto market is feeling the pinch, with a 2.8% decline in the past 24 hours. Bitcoin took a dip to $67,600 and Ethereum is inching towards $3,500. It's a sea of red out there, with 94 out of the top 100 cryptocurrencies feeling the heat. ๐Ÿ”ฅ But hey, in the world of crypto, every dip is just another opportunity, right? ๐Ÿ˜‰ #bitcoin #BTC #ETF #Binance #BlackRock
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