Fear & Greed Index - Jul 31, 2024:
Today: 61 (Greed)
Yesterday: 67 (Greed)
Avg. 1W: 69 🤑
Avg. 2W: 69 🤑
Avg. 1M: 52 😁
Avg. 2M: 58 😁
Avg. 3M: 61 🤑
Avg. 6M: 68 🤑
Avg. 1Y: 63 🤑
🔸 #Bitcoin
Price: $66,204
24h Low: $65,563
24h High: $66,970
MC Change: -$11.9B (-0.9%)
Dominance: 52.6%
24h: -0.9%
7d: 0.4%
14d: 2.3%
30d: 5.3%
60d: -1.9%
200d: 56.0%
1y: 127.1%
NEW: 🟠 Bill Miller IV tells CNBC "Bitcoin is the new global denominator for capital." 🔥
"You get 21 million Bitcoin and that's it." 🐂
https://video.nostr.build/eecb44e4d1eb4d5e9a44ce12e2466faf68116274f3adeea040c06e3b92b01419.mp4
JUST IN: 🟠 BlackRock says model portfolios will make allocations to #Bitcoin ETFs later this year 🚀
💰#Bitcoin 1D
Yesterday's daily candle was quite ugly
If we lose $65,400 then we would be facing a double top and breakdown.
For now, in a lateral range.
💰#Bitcoin retests the most important trend line 👀
Long-term #Bitcoin holders are on a buying spree, adding over 110,000 $BTC to their portfolios!
NEW: Nearly half of the 141,686 #Bitcoin (💵$9.4B) owed to Mt. Gox creditors have been distributed, but most creditors appear to be waiting.
A lung with its arteries #inkblotart
The contrast between Bitcoin and Ethereum ETFs
⚡ Bitcoin ETFs recorded an inflow of USD 124.1 million this Monday, taking advantage of the drop in the price of Bitcoin to USD 66,000.
🥇 BlackRock's IBIT ETF stood out with an impressive inflow of $205.6 million, marking the largest inflow since July 22.
📉 For their part, Ethereum ETFs continue to register capital outflows that exceeded USD 98.3 million this Monday.
⬇️ The outflows were primarily led by Grayscale's ETHE ETF, which recorded a $210 million outflow. This brought its total outflows to $1.7 billion.
🔥 As of today, total net outflows from Ethereum ETFs increased to $440.1 million reflecting a contrast in investor sentiment towards Bitcoin and Ethereum ETFs.
#Bitcoin hash rate recovery is one of the best signals for network health. A simple 30 & 90 day moving avg cross produces;
67% win record
Profit Factor of 2.18
Sharpe: 1.88 / Sortino: 2.64
💡HODL outperforms this strategy, but it can be an effective risk management tool for cautious investors. When you regress HR and price, it's clear they are very interdependent. A growing hash rate says $BTC is going higher
Since the #Bitcoin halving smaller miners are the ones selling; Bigger miners have accumulated.
This makes sense with what large publicly-traded mining companies have reported: higher reserves and some even buying Bitcoin.
The Bitcoin Hash Ribbons are flashing a BUY signal.
Historically, this signal (circles) has been a pretty good indication of a bottom from a multi-month POV.
#BTC 4H
failed resistance often acts as support
Bitcoin soared to $70,000 after the Bitcoin 2024 conference, but fell below $67,000 following the US government's transfer of 29,800 BTC worth over $2 billion.
The transfer was suspected to be part of an escrow agreement with Coinbase.
The US government holds 183,000 BTC. If he sells the newly transferred 29,800 BTC, then China, which holds around 194,000 BTC, would become the country with the largest BTC holdings.
Very good day, here is everything you need to know this Tuesday, July 30:
🔵 Bitcoin price is around $66,500 this morning. It has fallen more than 2.5% so far this week, after opening above 68,200.
🔵 Ethereum ETFs have their fourth red day. ETH remains below USD 3,500 since the launch of the ETFs in the United States.
🔵 The approval of a Solana ETF would be facilitated by a new SEC decision. The body made amendments to its lawsuit against Binance. Although it does not rule out the issue, it downplays the immediate importance of the court's need to decide whether SOL, MATIC, ADA and other cryptocurrencies are securities.
The commissions for making transactions in Bitcoin and Ethereum are around (in both cases) $0.5 for high priority.
💰 Over 35,000 $BTC added to exchange balances in 2 weeks.
After 5 months, BTC is still trading at 66666 👿
