#BTC Short Setup
SL 3%
Bitcoin is around USD 63K and liquidity would stimulate a 40% rise
Analysis concludes that bitcoin could benefit greatly from global liquidity trends, as BTC price downtrend ends in June
German government transfers USD 52M in BTC, creates more selling pressure
Repeated Bitcoin transfers to centralized exchanges suggest the government plans to sell its $2.75 billion in BTC
Summary of Powell's words:
1. The trend towards disinflation seems to be resuming
2. You need to be more confident before reducing rates.
3. The Federal Reserve does not foresee 2% inflation "neither this year nor next"
4. The budget deficit is very large and unsustainable
5. 4% unemployment is still a very low unemployment rate
6. Accelerating too much creates the risk of inflation returning
The Federal Reserve needs more data before rate cuts can begin.
It is clear that the Federal Reserve will continue its "meeting after meeting" approach.
While markets expect two rate cuts this year, the latest guidance from the Federal Reserve says a cut is coming.
Trader detects that it is a good time to invest in Marathon shares
After the halving, the Bitcoin mining company has demonstrated a high level of efficiency, notes Mandela Amoussou.
Biggest Fed Net Liquidity rate-of-change spike in 15 months.
Last time that happened, #bitcoin rose ~40% in one week.
7/1 Total Net Flow:$ 129 million
BlackRock $IBIT: $ 0
Grayscale $GBTC: $ 0
Fidelity $FBTC: $ 65 m
Bitwise $BITB: $ 41.4 m
Ark $ARKB: $ 12.7 m
Invesco $BTCO: $ 3.2 m
Franklin $EZBC: $ 1.8 m
Valkyrie $BRRR: $ 0
VanEck $HODL: $ 5.4 m
WisdomTree $BTCW: $ 0
#Bitcoin During this range, the $BTC price has moved mostly in line with USD Liquidity.
We just saw a big decrease into a nice move up during this end of the quarter into the new quarter.
Liquidity has moved little this year but both BTC & Stocks have been front running a future expansion of USD liquidity.
⚡️ Iris Energy, an Australia 🇦🇺 based #Bitcoin mining company, raises $413.4M in stock offerings to support mining expansion efforts.
Bitcoin Traders Position for 'Bullish July' as BTC ETFs See $124M Inflows
GM! Here is everything you need to know about the Bitcoin and cryptocurrency industry to start your Tuesday.
🔵 The price of bitcoin remains trapped in a sideways range for three months. Several analysts suggest that a "bullish triangle" could be forming, although there is also a possibility, albeit a smaller one, of a break to the downside.
🔵 Investment in bitcoin via ETF marks a 3-week record. These investment funds have had positive capital flow for 5 days, and yesterday they raised 130 million dollars.
🔵 United States federal judge rules that tokens are not securities. As part of the Securities and Exchange Commission's (SEC) lawsuit against Binance, Judge Amy Berman also rejected the SEC's argument that the BUSD stablecoin, issued by Binance, represented an investment contract.
At this time, high priority fees in Bitcoin reach 8 sats/vB (around USD 0.70), while in Ethereum the highest priority fee is 7 gwei (USD 0.43).
the underside of the shell of an evolved cow-faced turtle #inkblotart
🚨Fidelity Buys 1030 #Bitcoin ($65m)
Here we go, flows coming back! 🚀🚀
