THE LATEST DECLINE HAS HAPPENED IN#Bitcoinand cryptos.
We experienced the last pain.
After that slowly up.
They will hit the gas at the end of August.
WE WILL LIVE THE ROCKET IN THE LAST QUARTER OF 2024.
WE WILL POLISH IN THE FIRST QUARTER OF 2025.
Then we retire 😏
Even though such posts are not supported by any data, and even though they have no equivalent in fundamental, technical or onchain analysis, it is nice to hear someone say "everything will be fine". After all, hope is the bread of the poor. 🫣😏
The highest#Bitcoinoutflow from Deribit exchange in the last 2 years took place.
Yesterday at 14:11, 4,500 Bitcoins exited the Deribit exchange. Deribit is a derivatives exchange that is famous for its options in this sector. There are effects on the price at the entrance and exit points. I have examined it myself, let's take a look at the details together.
First of all, there are 4,500 Bitcoins in this wallet. Let me leave the address for those who want to follow their next movements. Address: bc1q8v48r2tkhue7xucf2tjsrnz728570x287epydv
On the Deribit exchange, outflows were generally after sharp declines and there were inflows before the declines, which kind of smells like insiderism. Recently, there was a 3K entry at 65K, and not long after, the price dropped below 60K, so we will examine together a metric that we need to take into consideration.
The latest releases on the Deribit side; A peak of around 5K was reached on June 12, 2022, Up to 3K on November 10, 2022, Also, yesterday (June 25, 2024) 4,500 units were released.
I showed the details on the metric I got from CryptoQuant. High outflows occurred in periods when the price was close to the bottom zone, sometimes there were deviations of 1-2K, and minor outflows sometimes occurred in the top areas of the metric and were misleading.
Although this direct does not mean that the bottom has been found, it may be an additional sign of recovery in a short time compared to the previous 3 highs.
Today I am one year older and I am proud of myself in this process. Every experience I've had has made me the person I am today. I welcome my new age with enthusiasm, with my love for myself.
Why are#FET#AGIX and#OCEANfalling? Binance Supports Integration of FET, Agix and Ocean Tokens into New ASI Token Leading global cryptocurrency exchange Binance has announced its support for the upcoming merger of AI-based tokens Fetch.ai (FET), SingularityNet (Agix) and Ocean Protocol (Ocean) into a single token called 'Artificial Super Intelligence' (ASI). This announcement follows a recent update from three AI companies regarding a delay in their planned consolidation. The consolidation is scheduled to be completed by July 15 due to unresolved logistical and technical issues at the exchange level.
We left the#FEDmeeting behind. As in every meeting, similar things were said, but it had no effect on#BTCand#altcoinparities.
After#inflationdata,#Bitcoinpushed the $70K resistance but failed to break it. The next meeting is on July 30. Before each meeting, altcoins are withdrawn to monthly support zones. I hope we can react from this region and see 30% premiums again.
- US Consumer Price Index (#CPI) will be announced at 15:30 TSI.
Expectation: 3.4% | Previous: 3.4%
Below expectations: POSITIVE | Above expectations: NEGATIVE ------------------------------ - FED interest rate decision will be announced at 21:00 TSI.
Expectation: 5.50% | Previous: 5.50% ------------------------------ - FED President Jerome Powell will give a speech at 21:30 TSI.
- Türkiye Unemployment Rate data will be announced at 10:00 TSI. - Apple WWDC24 event will start at 20:00 TSI. ------------------------------------ Tuesday, June 11, 2024
- Biconomy (#BICO) will make an announcement. - Floki (#FLOKI) will make a marketing announcement at 22:00 TSI. ------------------------------------ Wednesday, June 12
-US Consumer Price Index (CPI) will be announced at 15:30 TSI.
Expectation: 3.4% | Previous: 3.4%
- FED interest rate decision will be announced at 21:00 TSI.
Expectation: 5.50% | Previous: 5.50%
- FED President Jerome Powell will give a speech at 21:30 TSI. ------------------------------------ Thursday, June 13, 2024
- Fetchai (#FET), SingularityNET (#AGIX) and Ocean Protocol (#OCEAN) will merge under the name Artificial Superintelligence (#ASI).
- US Unemployment Benefit Applications data will be announced at 15:30 TSI.
Expectation: 222K | Previous: 229K
- US Producer Price Index (PPI) will be announced at 15:30 TSI.
Expectation: 0.1% | Previous: 0.5%
- zkSync will distribute Airdrop. ------------------------------------ Friday, June 14, 2024
- Cyber (#CYBR) staking will be launched. - FED monetary policy report will be announced at 18:00 TSI. - Euro 2024 will start. (#CHZ) - Coinbase will delist the Enjin (#ENJ) coin.
The market vomited blood. In the markets where#Bitcoinfell by 3%, many coins dropped by 20%-25%. It cannot be considered normal for the gold to fall like this due to this much decline. We cannot explain this sharp decline with employment data alone. If there is news that we do not know yet, the decline will continue, but if there is no news, I only see the stock market's long positions as a liquidity operation. But if there is a big fall operation every 2 months, there will be no one left in this market 😏
Non-farm employment was higher than expected, but unemployment was announced as 4%. These complex data can cause instantaneous volatile movements. #Fedmay point to September for interest rate cuts. On Wednesday, June 12, both#USinflation data and the#FEDmeeting will be decisive.