#ETH - Previous support did not hold and we broke down. Diagonal also broke down. This is arguably the strongest support so if that breaks it'll be much harder to paint an optimistic picture. $ETH $BTC $SOL
On-chain data confirms this is the second-largest liquidation event in #Bitcoin's entire history, right after the #FTX collapse in November 2022.
This comes amidst news that #Germany is selling $3.2B worth of seized $BTC , and #Mt.Gox begins paying back $8.5B to creditors, with the majority expected to be sold.
P.S. At least someone is happy : Mt.Gox clients!👍
Advice: Stay calm and be patient !!! $BTC $BNB $USDC
Hello binanciens! #Mt.Gox Redemptions have started repaying customers with their #Bitcoin after over a decade! Immediately after this begun, on-chain data showed a hefty increase in selling volume from these wallets.
No Bitcoiner will say this out loud, but the majority of the $8.2 Billion in BTC that is set to be distributed back to ex-clients are going to be sold off.
I understand this is controversial, but based on the current low demand volume, this will easily send BTC back into a harsh bear market.
Don't worry too much, will be fine after this episode !
P.S. : Be happy for #Mt.Gox clients, they need to celebrate this moment waited for many years ☺️ $BTC $ETH $SOL
🔜 Ethereum ETF issuers to resubmit S-1 forms by July 8th. ⚡ Linea launches Culture SZN Campaign on Layer3. 🪂 Kinto launches $K Airdrop claim. 🐾 Roaring Kitty discloses stake in Chewy $CHWY.
Crypto News
• ⭐️ Sony acquires Amber Japan (Whalefin), to launch crypto exchange in Japan.
• ⭐️ US SEC returns S-1 forms to Ethereum ETF issuers with few comments, to resubmit by July 8th.
• Circle acquires EMI license to issue $EURC & $USDC in the EU in compliance with MiCA.
• German Government transfers out 1500 Bitcoin $BTC (~$95M), still holds 44692 Bitcoin.
• Gemini signs 5-year sponsorship deal with Real Bedford football club.
Alpha
• ⭐️ Linea launches Culture SZN Campaign on Layer3.
• Union launches Farming Volume 1 Quest on Metaverse.
• Pirate Nation launches Season 2 BOOTY Points.
• ICYMI Weekly Crypto Update by Lightning X Drop.
Airdrops
• ZERϴ Network Testnet by Earndrop.
• ⭐️ Kinto launches $K Airdrop claim until August 15th.
• Exchange Art launches $ART Airdrop eligibilty & allocation checker.
• Six Free Airdrops by Aram Z.
• ICYMI Weekly Claims & News by Earndrop.
Finance News
• Coinbase selected by US Marshals Service to safeguard & trade its digital assets.
Chromia will also bridge its native token #CHR on its Mainnet to facilitate the staking delegation process, network hosting fee payments, and other core network functions. Chromia is a Layer 1 blockchain platform. $CHR
Robinhood Markets Inc. is considering offering cryptocurrency futures in the US and Europe in the coming months, according to people familiar with the commission-free investing and trading platform’s plan.
Once its $200 million acquisition of #Bitstamp Ltd. closes next year, Robinhood is hoping to use the crypto exchange’s licenses to offer perpetual futures for Bitcoin and other tokens in Europe,
$BLUR is ready to BOOM #BLUR is showing good potential not going down as much as BTC drops, which is a good signal. When BTC cross 65000 it will rise good from its existing price.
As this will be heavy bull run after halving of BTC so $BTC is also expected to ATH and may rise till 80000. When this happens I have a strong opinion that $BLUR will try to hit its all time high!
Give your opinion in comments.
FOLLOW me and also like and share. This its not an absolutely analysis and NOT a financial advice . Always do your own research.