We have a very beautiful bull in front of us. This will be the most beautiful rise ever experienced.
Directly block those who say that whatever you buy in bulls, you will win. There are many things like the strategy, psychological part, budget will of this job.
I have determined 20-30 coins for myself and I wrote about them on our Twitter address. If the drop I expect during the halving comes, I will buy from them directly.
I suggest you follow us now.
I would like to add a short note: "Buying horse makes money, but long term means getting rich." I think it is more important to carry a coin than to buy it.
Keep following, if you want to see more posts like this, please don't forget to like ❤
After a short break, $54,700 was the point where the rise accelerated at the end of February 2024, and the price has moved away from here for now. However, continued closes below $58,376 indicate the potential for BTC to make deeper bottoms. After stalling at $60,200, now BTC is trying to survive a deeper bottom.
If the negativity that has been ongoing for a while intensifies, we may see new needles in the $ 50,700 and $ 48,000 range. This allows us to see new annual lows in altcoins.
Japanese company Metaplanet purchased another $2.5 million worth of Bitcoin
Metaplanet, a publicly traded investment and advisory company in Japan, is increasing its Bitcoin investment despite the decline in BTC prices.
Metaplanet officially announced another Bitcoin BTCUSD purchase of 42,466 BTC for 400 million Japanese yen ($2.5 million) in a statement on X on July 7.
Shiba Inu (SHIB) has attracted attention recently with a significant increase in its kill rate and market value. While SHIB's burning rate increased by 781% in the last 24 hours, its price also increased by 16%. This positive trend indicates a revival of interest and confidence in the meme coin.
Investor Attention! 177 Million Dollar Token Opening Will Take Place
Aptos (#APT ) According to data from Token Unlocks app, Aptos will witness a cliff lock of 11.31 million APT on July 12. This equals 2.49% of the circulating supply worth $63.33 million.
Xai (#XAI ) The Xai token is set to unlock 198.40 million XAI on July 9. This is equivalent to 71.59% of the total circulating supply worth $56.55 million.
It is worth noting that XAI's token unlock process is currently at 12%, implying that future turbulence may be possible.
Immutable (#IMX ) Simultaneously, the Immutable token will witness an unlock of 32.47 million IMX on July 12. This accounts for 2.15% of the token's $40.59 million circulating supply and poses a threat to the price.
io.net (#IO ) Similarly, io.net will experience an unlock of 2.87 million IO on July 11. The unlock amount is equivalent to 3.02% of the circulating supply worth $5.98 million.
Hashflow (#HFT ) Hashflow is set to take the heat on a 13.85 million HFT lock on July 7. This unlock equals 3.28% of the circulating supply worth $2.41 million.
Ethena (#ENA) Eventually, if not 1%, the Ethena crypto will unlock 14.89 million ENA worth 0.87% of the circulating supply on July 7. This may bring slight volatility in price.
According to on-chain data provider Santiment, #Bitcoin whales have increased their BTC by taking advantage of price fluctuations in recent weeks. These major wallet addresses belong mainly to exchange liquidity providers and have accumulated a total of 212 thousand 450 BTC. This shows that whale-level investors are trying to collect a significant portion of the supply. Unlike mega whales, small whales with a balance of over 10 BTC continue to accumulate and absorb the supply.
According to Santiment, wallet addresses holding over 10 BTC accumulated 16.17 million BTC in total. This accumulation shows that this group of investors continues to have confidence in the future of Bitcoin.
“PEPE appears to have completed its deviation from the range highs and has regained acceptance within the range. It is now targeting the lows of the range and realistically below that… Some altcoins take more hits than others.
Alternatives with a lot of open space below, such as PEPE, have minimum downside targets that are 30%-40% lower. At larger bottoms, losses of between 60% and 70% may occur.”
The Open Interest (OI), which measures the total number of open positions from a futures contract, shows that although the decline has brought the price closer to $2,800, there has not been a significant decline yet. However, the increasing downward trend indicates that a more serious decline may be on the table and potentially much larger losses may be involved.
Even if Ethereum's OI consolidates, the persistent bearish outlook threatens to push the price below $2,700. If this scenario were to occur, it could cause OI to drop below 2 million coins and trigger mass liquidations as derivative contracts are closed. The $3.5 billion position opened in anticipation of Spot Ethereum ETF approval was recently closed and withdrawn from the market, causing a significant OI drop. This paves the way for further declines if ETH cannot find support at the critical support level of $2,800.