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Here’s the Reason for $BTC 's Recent Drop in Price: 🚨 BTC Liquidations - Futures Trades: Futures trades betting on higher prices lost over $230 million in the past 24 hours. - Liquidations: BTC and ETH-tracked futures saw over $60 million in long liquidations each, while products tracking DOGE, SOL, XRP, and Pepe coin (PEPE) recorded at least $4 million in losses. 🚨 BTC ETF Outflows - Spot Bitcoin ETFs: U.S. spot bitcoin ETFs saw $20.45 million in net outflows yesterday. Nine funds, including BlackRock’s IBIT, had zero flows. - Grayscale’s GBTC: Reported daily net outflows of $26.99 million, countered by $6.55 million in net inflows from Fidelity’s FBTC. - Trading Volume: Recent trading volume of spot bitcoin ETFs is lower than in March when they saw daily volumes of around $8-10 billion. The ETFs have accumulated a total net inflow of $14.62 billion since their January inception. 🚨 Mt. Gox Repayments & Miners Sell-Offs - Sell Pressure: Fears of sell pressure from Mt. Gox repayments and possible miner sales have also led to Bitcoin dropping below $59,000, with major tokens like ether and Solana's SOL also declining. - Miner Sales: Miners are still being extremely underpaid, leading to increased selling of their tokens. 🚨 Germany’s Continued Sell-Offs - Nation-State Holdings: Germany is one of the largest nation-state holders of Bitcoin. - Government Sales: Over the past few weeks, the German government has transferred large amounts of BTC to exchanges, summing to over 2,700 BTC. These factors collectively contributed to the recent drop in BTC's price. Stay informed and cautious in the current market conditions. #SOFR_Spike #US_Job_Market_Slowdown
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IONET x DePIN 🤑 Let's Learn About it 🤫 👉 Decentralised Physical Infrastructure Network DePIN 👉 DePIN is name of Decentralised applications that use tokens to incentivise communities to build physical infrastructure network . 👉 Simple words DePIN is a decentralised application that uses tokens to incentivise people to crowdsource and build connected real world Physical Infrastructure . 👉 So $IO innovative approach to solving the GPU shortage problem had the potential to transform the AI and DePIN sectors . If you want to Know more about them just tell Me I will write in details. #IOInternetofGPUs
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Hey guy's 👋 let's learn about io.net its opportunities and potential 👉 As you know guys $IO offers a decentralised network of GPUs providing scalable and affordable computing power for machine learning applications . 👉 Io.net empower individuals worldwide to contribute to the advancement of AI technologies regardless of their background or resources. 👉 Users can access a vast pool of GPUs from various sources worldwide making it easier and cheaper to run ML workloads compared to traditional cloud services . 👉 Lower Costs faster access and highly security . #IOInternetofGPUs
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🟠 Over 110 businesses are now building on #Bitcoin in Africa 🌍 #CryptoManMab
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⚠️Top 5 largest hacks of the June 2024😠 BTCTurk : $100 million Lykke : $22 million UwU Lend $19.4 million Holograph : $14.4 million Velocore : $6.8 million Also hackers stole about $385 million in May 2024 #CryptoManMab
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