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Capitulation of $BTC miners has reached December 2022 levels - CryptoQuant ⚡
This period was the bottom of the cycle after the FTX crash. We are in for an interesting period 😎
#CryptoQuant #Bitcoin❗ #Miners #FTX's
This period was the bottom of the cycle after the FTX crash. We are in for an interesting period 😎
#CryptoQuant #Bitcoin❗ #Miners #FTX's
JPMorgan says Mt.Gox lenders likely to sell some bitcoin receivables next month - TheBlock 🤔
Mt.Gox lenders are expected to sell some of their $BTC receivables next month, potentially putting initial pressure on the cryptocurrency markets, according to analysts at JPMorgan.
However, analysts expect a recovery to begin in August, citing FTX upcoming cash payout, which could lead to reinvestment
Also, this just falls right into the summer slump period of activity. As I said earlier, after that we will see an increase closer to the beginning of fall 🤫
#JPMorgan #TheBlock #MtGox #FTX's #Bitcoin❗
Mt.Gox lenders are expected to sell some of their $BTC receivables next month, potentially putting initial pressure on the cryptocurrency markets, according to analysts at JPMorgan.
However, analysts expect a recovery to begin in August, citing FTX upcoming cash payout, which could lead to reinvestment
Also, this just falls right into the summer slump period of activity. As I said earlier, after that we will see an increase closer to the beginning of fall 🤫
#JPMorgan #TheBlock #MtGox #FTX's #Bitcoin❗
