$BTC ETFs saw a positive flow yesterday and the day before that. 🔥 All the selling from German govt. had barely any impact cause they sold on OTC (Over The Counter) and not in open market.
$BTC looks better than yesterday but still isn't green enough. We are yet to break the trendline which imposes the risk of following it to ~50K. But I highly doubt that as we have support around 58K and it's supposed to confirm a bottom in this area. If and only if the bottom is confirmed, a rise to 70K could be on the cards. Hoping for the best.
🚨 CryptoQuant CEO Ki Young Ju: Government Bitcoin selling is overestimated. $224B has flowed into this market since 2023. Government-seized BTC contributes about $9B to the realized cap. It's only 4% of the total cumulative realized value since 2023. The realized cap represents the total capital that has entered the market.
According to Lookonchain, the German government, the US government, and Mt. Gox have transferred a total of 17,788 BTC ($1.08 billion) since June 19. 🤯
Bitcoin spot ETFs had a total net outflow of $13.6167 million on July 2, the first net outflow after net inflows in the past 5 days. Grayscale ETF GBTC had a single-day outflow of $32.3779 million, BlackRock ETF IBIT had a single-day inflow of $14.1154 million, and Fidelity ETF FBTC had a single-day inflow of $5.4189 million.
Bought some $API3 here 👀 The entirety of June has been rough for $API3 || @API3 but on the bright side its finally looking a little green on the weekly side. Barely tho. Currently residing on their biggest support which can catapult the price back to month of May's price action which resulted a whopping ~70% . Could be something to look forward to 👀
A whale who participated in the Ethereum ICO in 2015 and received 254,900 $ETH (ICO price $0.311) transferred 7,000 ETH ($24.28M) to Kraken today after 209 days of silence. Currently, this whale still holds 40,000 ETH ($139.5M) 🤯
🚨BREAKING: According to Arkham, the German Government transferred a total of 250 BTC to Bitstamp and Kraken at 15:51 UTC+8 (125 BTC each), worth approximately $15.42 million. Since last week, the German Government has transferred a total of 2,350 BTC to CEX.
Michael Dell, the founder of Dell, one of the world's largest computer manufacturers, and the 14th richest person in the world posted a picture of $BTC !!