📢 Crypto Update! Bitcoin's profit and loss index is flirting with its 365-day moving average, hinting at a potential market correction. Meanwhile, Tether's market cap growth has paused, raising doubts about an upcoming rally. But it's not all gloom! Bitcoin whales are on a shopping spree, increasing their holdings by 6.3% over the past month. 🐳

On the trading front, Bitcoin is currently at $57,700, bouncing back from last week's low of $53,600. However, it's still in a technical downtrend from March's record high of $73,800.

In other news, Germany is wrapping up its aggressive BTC sell-off, and an Ether ETF has been approved in the U.S. 🇺🇸

What's your take on these developments? Share your thoughts below! 👇