Bitcoin Is Holding The Line - For Now!

👇1-11) Bitcoin is oversold, with influencers advising to "buy the dip" as altcoins hold steady. The 10x Research Greed & Fear Index is at low levels seen during market bottoms.

👇2-11) Bitcoin's decline is due to Mt. Gox releasing $9bn, the German government selling $3bn, miners offloading $2-3bn, ETFs selling $1.4bn, and old wallets selling $1.2bn, totaling $16-18bn.

👇3-11) Our trading signals predicted declines at 67,339 on June 12 and 61,113 on June 24, indicating deeper structural issues.

👇4-11) Hedge funds are closing positions, not rolling futures contracts due to low funding rates, with futures expiring on June 28.

👇5-11) ETF selling is now seen as bearish, suggesting institutions are exiting Bitcoin.

👇6-11) Bitcoin CME futures open interest has dropped significantly, indicating ETF sales are linked to futures.

👇7-11) Institutional ETF buying previously drove futures trading and funding rate expansion.

👇8-11) Arbitrage funds account for 30-40% of Bitcoin ETF inflows.

👇9-11) Recent futures liquidations are minor compared to 2021-2022.

👇10-11) Money inflows paused, contributing to a three-month consolidation.

👇11-11) Overly bullish futures traders and flat Bitcoin ETF buyers may lead to further liquidation, with Bitcoin possibly dropping to 50,000. #CryptoTradingGuide #BTC☀ #altcoins #eth