Yes 🫡

🟢Bitcoin returns to the USD 57,000 area and the cryptocurrency market recovers slightly after #BlackMonday.

✅ The Fear and Greed Index also climbed.

Historically, $BTC returns have tended to be negative in August. It's only seven days into the month and it looks like this is going to continue, as market uncertainty over the weekend rocked the cryptocurrency markets.

BREAKING: 🇭🇰 Standard Chartered subsidiary bank Mox begins offering #Bitcoin ETFs on its platform.

A bear, an iguana and sea horses #inkblotart

#Bitcoin vs $VIX

Every time BTCUSD/VIX touched the trend line, a rally materialized

Is this time different?

Currently, 🐳 whales hold 368,696 unprofitable BTC, purchased in the range of $54K-$73K, amounting to $20.6 billion.

Deep pullback aren’t pleasant but they typically create more returns to the upside

Cycle target raised 275-340k

#BTC

📊 2024 Asset Class Returns

Bitcoin — the fastest horse in the race... (c) Bitcoin Archive.

⚠️ Today, Morgan Stanley will begin offering clients the opportunity to invest in Bitcoin ETFs from BlackRock and Fidelity

Morgan Stanley is one of the few banks that hasn't wavered and has consistently supported crypto.

✔️ A few years ago, they opened up the possibility for their clients to invest in Bitcoin funds, and starting tomorrow, they will be promoting Bitcoin ETFs through 15,000 financial advisors.

In the West, financial advisors have a significant influence on markets, including crypto, so we expect a new influx of liquidity into the market.

One caveat: this opportunity will currently be available only to clients with assets of at least $1.5 million due to the high-risk profile of crypto.

But this is just the beginning. Additionally, other banks are likely to follow this trend over time.

$BTC daily

most negative funding rate in over a year into rising prices, could trigger a short squeeze through resistance

🟠 Jack Mallers explains how #Bitcoin isn't hedging the broken financial system, it's replacing it 🔥

https://video.nostr.build/f6658d13a652ffec18fd3082c254c889858e26953d81b2c4bfa8fc6901dc36f1.mp4

Fear & Greed Index - Aug 07, 2024:

Today: 29 (Fear)

Yesterday: 17 (Extreme Fear)

Avg. 1W: 36 😣

Avg. 2W: 52 😁

Avg. 1M: 52 😁

Avg. 2M: 53 😁

Avg. 3M: 59 😁

Avg. 6M: 67 🤑

Avg. 1Y: 62 🤑

🔸 #Bitcoin

Price: $56,025

24h Low: $54,052

24h High: $57,015

MC Change: $39.1B (3.7%)

Dominance: 53.6%

24h: 3.7%

7d: -15.3%

14d: -15.0%

30d: -0.6%

60d: -19.3%

200d: 34.6%

1y: 92.9%

🐳🤑 "Mr. 100" bought 2,800 $BTC in the last 48 hours 👀

Yesterday was a very good deleveraging event.

All the euphoric froth that had built up post-ETF launch has largely been flushed out, finally.

Coin margined funding rates went extremely negative yesterday in amongst the panic.

BlackRock's BTC ETF (#IBIT) Investors Hold Steady, No Outflows During Panic — Buyers Display Strong HODL Mentality at Bitcoin 2024.

📈 Bitcoin continues to recover and has already passed USD 56,000. This is how the cryptocurrency market looks at noon this Tuesday.

#Bitcoin hasn't had a Fear & Greed Index score as low as it currently is (17) since over 2 years ago in July 2022! 📉

BlackRock's Bitcoin ETF, $IBIT > $20 Billion in cumulative net inflows 👇 IBIT stacked 344,070 Bitcoin in 7 months👇 DCA and HODL

Beyond the high volatility that bitcoin is experiencing, there are macroeconomic factors driven by the United States that can drive its rise.

🏦 "Bitcoin has become a major issue in the US presidential election, a future White House may actively support a weaker dollar and the Fed appears willing to cut interest rates," Grayscale summarizes.

📈 With such a context, the investment company expects BTC to test its all-time highs at the end of 2024.