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Crypto Hustle
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#Ethereum
has broken the downtrend.
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JUST IN: The % of illiquid #Bitcoin supply has just hit a new all-time high! Nearly 74% of $BTC circulating supply is now classified as illiquid, according to Glassnode data. The Halving-induced supply shock is intensifying, tightening the squeeze as we approach the next major bull run. #halving #crypto #dyor #cryptohustle
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Four Countries May Crash Bitcoin Price in September. According to experts from Kaiko, the governments of the US, China, the UK, and Ukraine might start selling their Bitcoin reserves in September, potentially pushing the price down to $53,000. The Bitcoin holdings of these countries are estimated at: • USA: 203,220 BTC • China: 190,000 BTC • UK: 61,200 BTC • Ukraine: 46,350 BTC Additionally, MtGox creditors could become another source of selling pressure. Analysts Adam Morgan McCarthy and Dessislava Aubert from Kaiko noted that fears of sell orders, combined with low market liquidity, could drive further volatility in Bitcoin’s price. Bitcoin has already dropped by 8% since early August, despite a net inflow of funds into spot Bitcoin ETFs, while global stock and bond indices have risen by 2%. #DYOR #cryptohustle #crypto #bitcoin #BTC
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Btc next move 65k$ soon 🤑🚀 #Bitcoin #BTC #Dyor #Crypto #Cryptohustle
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September : A Historically Bearish Month For Bitcoin? September has long been a "bloody month" for Bitcoin, with historical data often pointing to a downward trend. But with unexpected twists and turns, could this September break the cycle? The Historical Trend: September is typically a tough month for Bitcoin: -Bearish September: Historically, September is known for its corrections. Even after a bearish August, September often continues the downward momentum, adding to the pressure on the market. Current Market Dynamics: This September is shaping up to be anything but ordinary: Retail Dominance: The market is now dominated by retail investors, many of whom are bracing for a dump, following the usual September trend. Institutional Strategy: Institutions like BlackRock might have already bought in at lower prices. With many expecting a dump, there’s speculation that these big players could take advantage of the situation, pushing the market up instead to liquidate short positions and catch retail off guard. Unexpected Twists: The CEOs of major platforms are currently facing legal challenges—Pavel Durov, the CEO of Telegram, has been arrested, and CZ, the founder of Binance, is in jail. This has added to the market’s uncertainty, but it could also set the stage for dramatic moves. Key Events to Watch: Despite the turmoil, September has some key events that could influence the market: Potential Game-Changing News: With CZ in jail and Pavel Durov under arrest, there’s speculation that September could bring positive developments from their side. Whether it’s a major announcement from CZ or relief for Pavel, these events could significantly impact the market. Tech Investments: Rumors of Apple and NVIDIA investing in OpenAI could bring unexpected bullish momentum to the market. NVIDIA’s Earnings: A strong earnings report from NVIDIA might also inject optimism into the tech and crypto sectors, countering the usual September gloom. #cryptohustle #crypto #dyor
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The Financial Times report that Telegram had almost $400 million in digital assets, according to the company's filings. #TON #telegram #dyor
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