🤔 $BTC Analyst C.Q.: Right now, it's worth paying attention to the $46.4K level - this is the average purchase price over the last year.

🤔 End of Germany, #MtGox sales 'likely' to mark $BTC bottom, experts say

📈 #CoinGecko : $BTC and $ETH outperformed the majority of the Magnificent Seven stocks from May 2023 - June 2024

📊👀 $BNB Chain Q2 2024 Financial Report:
▪️ Circulating MCap grew over 50% QoQ, and 95% YoY
▪️ BNB token holders increased by an extra ~52M YoY
▪️ The amount of daily active addresses remained above the 1M level, similar to previous quarters
▪️ About 339M total transactions were conducted in Q2
▪️ Over 23.5M total new unique addresses were created in Q2
▪️ The network recorded 41% YoY growth in TVL

📊 #Santiment : All notable large cap tokens (with the exception of #TON ) are in the “opportunity zone” according to the MVRV indicator.

🤓 $BTC #Glassnode : Moving towards technical indicators, we can use the widely used Mayer Multiple metric, which assesses the ratio between Bitcoin price and its 200DMA.

The 200DMA is often used as a simple indicator for assessing bullish or bearish momentum, making any breaks above or below a key market pivot point.

The 200DMA currently resides at a value of $58k, once again providing confluence with on–chain price models.

🎮 Top 10 GameFi Tokens via Market Cap $IMX $FLOKI $NOT

🤔 $BTC Analyst C.Q.: The real pain in the market will start when the paper profits of the newcomers equal zero. The same thing happened with the holders of GBTC who bought at the peak in 2021 and then sat underwater for four years.

#ETF holders are luckier, they won’t have to wait that long.

📊 $BTC #MVRV -Z has now retraced from the typical early bull cycle runup area (red zone) to the typical cool-off area, where new support levels are usually set (green zone).

🔝 Top 15 projects by positive market sentiment on Oriole Insights $MATIC $ATOM #HGPT

Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 ORI pooled

🎢 $BTC #CryptoQuant : Miners capitulation mirrors Dec 2022 levels with a 7.7% hashrate drop, similar to post-FTX collapse conditions.

Such declines often signal potential market bottoms.

📊⛏ $BTC prices are very close to the average mining cash-cost per Bitcoin #Miners

👀 $BTC for the first time since halving and in close proximity, the day closed below the 200-day MA

🇺🇸👀 9 $BTC -#ETF today added 166 BTC ($9.23 million)

📊 #YCharts : Grayscale Ethereum Trust's (#ETHE ) discount to net asset value (NAV) has turned into a premium (0.31%) ahead of the expected launch of a spot $ETH - #ETF .

📊 Over 21,000 $BTC , valued at more than $1.24 billion, have been sent to crypto exchanges in the past week alone.

📉👀 $BTC Capriole Investments remind that the market correction has been brewing for a very long time.

The fact is that Bitcoin's record streak (in history) is over: 427 days without a 25% drawdown!

Thus, the record of 2012 was broken by 63 days.

📊 $BTC currently lacks significant support. The main key demand wall is around $47,000, and for the bull run to resume, BTC must close and hold above $61,000.

🇩🇪 $BTC German parliament member Joana Cotar says government selling Bitcoin is “not sensible.”

Urges “holding BTC as a strategic reserve currency.”

🤔 $BTC #IntoTheBlock : Nearly 30k BTC, worth $1.73 billion entered exchanges this week. With the price declining, this influx suggests that panic sellers are offloading their assets.