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๐Ÿš€๐Ÿ“ˆ BTC enthusiasts, buckle up! After a quiet spell post-halving, Bitcoin may be ready to make some noise again! ๐ŸŽ‰ CryptoQuant has spotted a serious spike in the volume of stablecoins entering the market. These inflows often correspond with movements in Bitcoinโ€™s price, hinting at potential volatility ahead. ๐Ÿ“Š๐Ÿ’ฐ BTC has had a rocky ride since dropping below its 2021 all-time high of $69,044 in April. The initial excitement over US spot exchange-traded funds (ETFs) has cooled, slowing Bitcoin's climb. But don't lose heart! ๐Ÿ’”๐Ÿšซ Increased liquidity in the market, marked by a notable increase in stablecoin inflows, could be a game-changer. This influx can impact the supply and demand dynamics of Bitcoin, potentially leading to increased price volatility. ๐ŸŒŠ๐Ÿ’ธ In fact, Bitcoin had its largest single-day increase in nearly two months this week, surging by almost 8% to $66,400! This was spurred by contradicting US economic data, increasing the likelihood of the Federal Reserve easing monetary policy through rate cuts. ๐Ÿ“‰๐Ÿ’ต Crypto trading firm QCP Capital suggests that this bullish momentum could push BTC towards retesting its previous highs of around $74,000. ๐Ÿš€๐ŸŒ• Moreover, there's been a significant increase in buyers of 100-120k BTC Calls for December 2024, indicating growing confidence in Bitcoin's value. Institutional demand remains strong, with major asset managers like Millenium and Schonfeld allocating approximately 3% and 2% of their AUM into the spot Bitcoin ETF. ๐Ÿฆ๐Ÿ’ผ All these factors paint a bullish picture of BTCโ€™s potential breakout. So, is Bitcoin ready to soar again? Only time will tell! โฐ๐Ÿ”ฎ

๐Ÿš€๐Ÿ“ˆ BTC enthusiasts, buckle up! After a quiet spell post-halving, Bitcoin may be ready to make some noise again! ๐ŸŽ‰

CryptoQuant has spotted a serious spike in the volume of stablecoins entering the market. These inflows often correspond with movements in Bitcoinโ€™s price, hinting at potential volatility ahead. ๐Ÿ“Š๐Ÿ’ฐ

BTC has had a rocky ride since dropping below its 2021 all-time high of $69,044 in April. The initial excitement over US spot exchange-traded funds (ETFs) has cooled, slowing Bitcoin's climb. But don't lose heart! ๐Ÿ’”๐Ÿšซ

Increased liquidity in the market, marked by a notable increase in stablecoin inflows, could be a game-changer. This influx can impact the supply and demand dynamics of Bitcoin, potentially leading to increased price volatility. ๐ŸŒŠ๐Ÿ’ธ

In fact, Bitcoin had its largest single-day increase in nearly two months this week, surging by almost 8% to $66,400! This was spurred by contradicting US economic data, increasing the likelihood of the Federal Reserve easing monetary policy through rate cuts. ๐Ÿ“‰๐Ÿ’ต

Crypto trading firm QCP Capital suggests that this bullish momentum could push BTC towards retesting its previous highs of around $74,000. ๐Ÿš€๐ŸŒ•

Moreover, there's been a significant increase in buyers of 100-120k BTC Calls for December 2024, indicating growing confidence in Bitcoin's value. Institutional demand remains strong, with major asset managers like Millenium and Schonfeld allocating approximately 3% and 2% of their AUM into the spot Bitcoin ETF. ๐Ÿฆ๐Ÿ’ผ

All these factors paint a bullish picture of BTCโ€™s potential breakout. So, is Bitcoin ready to soar again? Only time will tell! โฐ๐Ÿ”ฎ

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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๐Ÿš€BTC Buzz๐Ÿš€: Bitcoin took a slight dip to $65,000 on June 14, marking a 5% drop from last week. But don't fret, zoom out and you'll see BTC is still consolidating since March! ๐Ÿ“ˆ Analyst James Check notes, "Bitcoin very rarely goes this quiet." The 30-day price range is a mere 8.3% apart. So, what's next? Either BTC becomes a stablecoin or volatility is just around the corner. ๐ŸŽข The Bitcoin sell-side risk ratio is low, hinting most profit and loss have been realized. The market needs a move to spark the next spending spree, says Check. The 'Choppiness Index' suggests the market is ready to trend weekly but needs a monthly rest. ๐Ÿ›Œ Check's prediction: short-term volatility, but not necessarily a long-term trend continuation. The base case for Bitcoin remains 'chop-solidation' - small pumps and dumps shaking out impatient holders. ๐ŸŽ  Analyst 'Rekt Capital' sees the struggle to break out as beneficial for the overall cycle, aligning the price with historical halving cycles for a "normal, usual bull run." ๐Ÿ‚ Bitcoiner Samson Mow predicts a huge candle is coming as "the BTC coil is super compressed now." ๐Ÿ•ฏ๏ธ Market analyst Jacob Canfield sees two scenarios: a sweep low to around $66,000 before a "strong reaction bounce" to $70,000, or a "deep capitulation wick" down to $60,000-$62,000. ๐Ÿ“Š At present, BTC is 10% down from its mid-March high but remains range-bound with a lower boundary just below $60,000. So, is it the calm before the storm or a new stable era for Bitcoin? Stay tuned! ๐Ÿ“ป
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๐ŸŽ‰Whoa! Hold onto your hats, BTC enthusiasts! ๐ŸŽฉ Michael Saylor's brainchild, MicroStrategy, has just upped the ante! ๐Ÿ’ฐ Just a day after announcing a $500 million convertible senior note offering to buy more BTC, they've boosted their target to a whopping $700 million! ๐Ÿ’ธ This NASDAQ-listed business intelligence software firm has been on a BTC buying spree since August 2020, using various types of funding to accumulate more of the cryptocurrency. ๐Ÿ“ˆ Their latest move? Offering convertible notes to fund their BTC purchases. ๐Ÿ“ This week, the company announced plans to offer $500 million aggregate principal amount of convertible senior notes due 2032. But wait, there's more! The very next day, they increased their target by 40% to $700 million! ๐Ÿš€ The terms remain the same, with a 2.25% percentage and a due year of 2032. ๐Ÿ“… The company plans to use the net proceeds to "acquire additional bitcoin and for general corporate purposes." ๐Ÿฆ According to SaylorTracker, MicroStrategy now owns 214,400 BTC (over 1% of bitcoin's total supply). Despite a slight dip from its all-time high in March, the company is sitting pretty on a massive unrealized profit of $6.6 billion. ๐Ÿ’ต MicroStrategy's share prices, being heavily influenced by bitcoin's movements, have been on a rollercoaster ride. ๐ŸŽข They started 2024 just under $700, dipped to below $500, then soared to over $1,900 as BTC skyrocketed in March. ๐Ÿš€ Although they've retraced a bit since their peak, they're still up 120% YTD, closing Friday at $1,495. ๐Ÿ“Š So, keep your eyes on MicroStrategy, folks! They're making big moves in the BTC world, and it's a wild ride you won't want to miss! ๐ŸŒ๐Ÿš€๐ŸŒ•
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