"About 99.5% of all the #bitcoin in circulation is held in 16.5 million UTXOs that have a value of 1m sats or more.
Most of the other 169 million UTXOs will likely become economically unspendable in the future assuming they aren't consolidated into larger ones relatively soon."
#Bitcoin
Hello! don't trust yourself yet
At 63600 there are still bears and higher between 64K/65K
At these levels there may be a setback.
Pending visit 61400/61200.
If the setback occurs and that area does not hold, the next objective would be approximately 58/59.
Likewise, remember that this is an accumulation zone. (unless there is a daily close below 60K)
💰#Bitcoin has 1 huge CME GAP at the bottom 👀
Hawaii eliminates license to operate with Bitcoin and cryptocurrencies
The authorities of the American archipelago will not require a money transmission license to operate in the state.
Japanese public company Metaplanet buys another 200 million yen worth of Bitcoin
🚨 🚨 🚨 🚨 87,211,005 #USDT (87,208,170 USD) transferred from #Bitfinex to Tether Treasury
🚨 🚨 🚨 50,000,000 #USDT (50,060,000 USD) transferred from Tether Treasury to unknown wallet
💵 💵 💵 58,961,871 #USDC (59,020,833 USD) minted at USDC Treasury
💰🇩🇪 German government transferred 400 $BTC (~$25.28 million) to Bitstamp, Coinbase and Kraken
📊 This week's key events:
1. June ISM Manufacturing PMI data - Monday
2. Fed Chairman Powell speaks, Tuesday
3. JOLT employment data: Tuesday
4. Federal Reserve Meeting Minutes - Wednesday
5. Stock market closed - Thursday
6. June employment report data: Friday
Cryptocurrency hacks fell 54.2% in June
Net losses from cryptocurrency hacks and exploits in June fell 54.2% compared to May
#btc
New gap has formed. #BTC price is now between 2 gaps: 64195 and 60285
FYI: ±90% of CME gaps are filled sooner or later (it may be in a week, or maybe in a month).
Keep this in mind.
#BTC 4hr: Trend break, cloud breach, ema flip on a Sunday that nobody trusts…all things you want to see at potential start of a fresh impulse
Bitcoin is doing all the right things to form a cluster of price action at this Range Low at $60600
This cluster could develop over the whole month of July
But ultimately, it exists to prepare Bitcoin for a rally back to the Range High at $71500
$BTC weekly bull pennant is in play
Every Bitcoin cycle top in the past has triggered a high MVRV overheated signal (orange vertical lines).
We have not had that yet this cycle.
This is either the most muted bull cycle in BTC's history or we have fireworks ahead.
RSI calls the tops. CMF calls the blow-offs.
Historically, when #Bitcoin has had a negative June, it tends to rebound strongly in July. In fact, $BTC has shown an average return of 7.98% and 9.60% during the month of July.
#Bitcoin broke the resistance area, changing the trend in the short term
Number of installed cryptocurrency ATMs nears all-time high
The 2,564 cryptocurrency ATMs installed so far in 2024 are on track to surpass the 2,861 removed in 2023