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LARVA
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We are in the bear trap right now!
Be cautious and HODL. ๐
#buythedip
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.
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Binance Square Post: Bitcoin Plunges Below $59k! SOL and Doge Lead Crypto Bloodbath Hey Binancians! Get ready for some not-so-great news. Bitcoin took a nosedive today, dropping below $59,000 for the first time since April. Fears of selling pressure from the infamous Mt. Gox hack repayments and possible miner sales are spooking investors. Here's the Breakdown: Bitcoin (BTC): Down 3.3% in 24 hours.Ether (ETH): Feeling the heat too, down 4%.Solana (SOL) & Dogecoin (DOGE): Leading the losses with an 8% plunge each.Overall Market: The CoinDesk 20 index (tracks major tokens) is down a chunky 4.8%. But Wait, There's More! Over $230 million in longs liquidated on futures in the past 24 hours. That means some leveraged traders got burned betting on prices going up.Binance cleaned up the most with over $110 million in liquidations. Silver Lining (Maybe?) This liquidation frenzy could indicate a short-term dip in price volatility.Trading firm QCP Capital predicts a subdued market in the next quarter due to Mt. Gox uncertainty. ยฏ_(ใ)_/ยฏ Stay tuned for more updates! What are your thoughts on the Bitcoin price drop? #Bitcoin #Cryptocrash #MtGox #Binance #StaySAFU
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ETF Volumes Slide: Below $3 Billion Since Mid-May Attention crypto traders! ETF trading volumes are showing signs of a slowdown, failing to surpass the $3 billion mark since mid-May. This comes after Farside reported the first outflow of July for Bitcoin (BTC) ETFs on July 2nd. The outflow totaled $13.7 million, snapping a five-day streak of inflows. Leading the decline was Grayscale's GBTC, experiencing a significant $32.4 million outflow, pushing its total net outflow to a hefty $18.5 billion.
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Bullish Signs for TON? While most altcoins are taking a beating, Telegram's TON coin is showing some serious resilience! $TON is looking strong, and with a little market recovery, it could be primed to reach new all-time highs! This could be a great opportunity for those who believe in the potential of Telegram and the TON blockchain. Are you bullish on TON? Share your thoughts in the comments below! #TON #Altcoins #Crypto
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