Richest Crypto

@richvip

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🔤 Market Overview - July 6 ♾ 24-Hour Price Movements: 🟣 BTC: Continued its sharp decline from yesterday morning, dropping to 53.4K before recovering to 56K. 🟣 Altcoins: Slight recovery following BTC’s sharp dip, but still significantly down; >20% drop with only a 5%-10% rebound. 🟣 Strongest Recoveries: Memecoins, DePIN, and RWA sectors. 🟣 Fear & Greed Index: Fell to 26, indicating fear, but not yet in "extreme fear" territory. 🟣 P2P USDT Prices: Slight increase due to heightened demand for stablecoins amid bottom-fishing and holding positions. 🟣 Stablecoin Netflow: Over 340 million deposited into exchanges in the past 24 hours. 🎉 Biggest Movers: 🟣 WIF: +21.7% 🟣 AKT: +18.0% 🟣 OM: +14.6% ✅ Notable Fund Flows on Binance: 🟣 Market adjustments have resulted in no significant fund flows observed.

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🏆 Bitcoin SPOT ETF Fund Flow Update - July 5, 2024 🟢 Fidelity (FBTC): Purchase $117.4M 🟢 Bitwise (BITB): Purchase $30.2M 🔴 Grayscale (GBTC): Sale $28.6M 🟢 VanEck (HODL): Purchase $12.8M 🟢 Ark Invest and 21Shares (ARKB): Purchase $11.3M 🟡 Franklin Templeton (EZBC): 0 🟡 WisdomTree (BTCW): 0 🟡 Hashdex (DEFI): 0 🔵 Official statistics for Blackrock, Galaxy Digital, and Valkyrie are not yet available. Current Total: Net purchase of 🟢 $143.1M ➡️ Despite BTC dropping to the support level of $53K, the Bitcoin Spot ETF recorded a surprising net inflow, led by Fidelity with a purchase of $117.4M. Bitcoin has since recovered to $57K as of this update.

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ETH price analysis Jul 6 If the price turns up from the current level, the ETH/USDT pair is likely to face selling at the 20-day EMA ($3,373). If the price turns down from the 20-day EMA, it increases the risk of a break below $2,850. The next support on the downside is at $2,200. The bulls will have to kick the price above the 20-day EMA to indicate that the range-bound action remains intact. Source: Cointelegraph

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JUST IN: 💰 Mt Gox creditors may have to wait for up to three months to receive their #Bitcoin

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MT. Gox has confirmed to have started paying, BTC and BCH. They will pay in order and depending on whether the creditors have submitted complete documents. Finally started paying, this deal will end this year and won't follow the market anymore.

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Còn cái nịt rồi :)))

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ZK in my mind 👍

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🚨 Highest Fear Rating Since 2022 #BTC #ETH

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🔥Mt. Gox Transfers $2.7B in Bitcoin to New Wallet 🔥 Mt. Gox, the defunct Japanese crypto exchange, has moved 47,229 Bitcoin (BTC), valued at $2.71 billion, to a new wallet address. This marks its first significant transaction since May. 🟡 Key Points: 🟠 Transaction Details: The transfer occurred at 12:30 am UTC on July 5, moving the Bitcoin from cold storage. 🟠Repayment Plan: This movement is part of Mt. Gox’s plan to begin repaying creditors this month, totaling $8.5 billion in Bitcoin. 🟠 Market Impact: Concerns arise over the potential market impact if creditors decide to sell their Bitcoin, with some analysts estimating the actual market impact closer to $4.5 billion. 🟠 Historical Context: In May, Mt. Gox transferred nearly $7.3 billion in Bitcoin, causing a 2% price dip. 🟠Current Market Reaction: Bitcoin’s price fell sharply on July 4 and is currently trading at $57,328, down 6.9% for the week but up 35.6% year-to-date.

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⚡German Government Offloads Another 1,300 Bitcoin 🇩🇪 The German government has sold an additional 1,300 Bitcoin (BTC), worth approximately $76.5 million, to major cryptocurrency exchanges. This sale has contributed to the recent dip in Bitcoin’s price, which has fallen below $59,000, raising concerns about a further decline. ⚡ Key Details: 🟠500 BTC (worth $29.95 million) transferred to Bitstamp 🟠400 BTC (worth $23.24 million) transferred to Coinbase 🟠400 BTC transferred to Kraken ♻️ Additionally,1,700 BTC (worth $98.76 million) was moved to an unknown wallet, suggesting potential further sales. 📢 Total Liquidation: 🟠 The German government has offloaded nearly 10,000 BTC in total, reducing its holdings to 40,359 BTC (worth $2.32 billion). Recent Activity: 🟠 On July 2, 832 BTC (worth $50 million) and 361.877 BTC (worth $22.65 million) were transferred, reflecting a strategic approach to divesting Bitcoin holdings.

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🔤 Market Overview for July 4 🕓 24-Hour Price Movements: 🟠 BTC: Dropped below $60k, plummeting to $57.8k due to negative news about large BTC transfers by US and European governments to exchanges and potential delays in the ETH ETF. 🟠 Market Sentiment: BTC remains in a broad sideways movement, but many altcoins have hit new lows, with older altcoins returning to levels seen when BTC was at $16k. 🟠 Stablecoin Netflow: Over $180 million withdrawn from exchanges in the past 24 hours. 📈 Biggest Movers: 🟠 ENS: -16.5% 🟠 AKT: -15.7% 🟠 WIF: -14.6%

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#Bitcoin Spot ETF Cash Flow 🇺🇸 FINAL 🗓️ July 3 🇺🇸 🟢 Fidelity (FBTC) +6.5 million USD 🔴 Grayscale (GBTC) -27 million USD ⚪️ Bitwise (BITB) 0.0 ⚪️ Franklin (EZBC) 0.0 ⚪️ ARK (ARKB) 0.0 ⚪️ VanEck (HODL) 0.0 ⚪️ Invesco (BTCW) 0.0 ⚪️ WisdomTree (BTCO) 0.0 ⚪️ Valkyrie (BRRR) 0.0 ⚪️ BlackRock (IBIT) 0.0 ——————————— 🔴 -20.5 million USD 🟢 BUY 🔴 SELL ⚪️ Nothing Source: FARSIDE UK

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JUST IN: Bitwise filed updated S-1 application for its spot #ETH ETF

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Yep bro, many indicators support this

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📊 Market Sentiment Long-term holders retain their coins, as reflected in BTC’s Binary CDD. The rising Funding Rate in the derivatives market supports a positive outlook. 🏪 In summary, Bitcoin's current price action suggests a rebound from its critical support level, potentially rising to $71K.

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🔤 Bitcoin at $60K: A Pullback Before a Rise to $71K? 💎Bitcoin (BTC) experienced a price correction over the last 24 hours, largely due to increased liquidation. Currently trading at $60,862.71 with a market cap exceeding $1.2 trillion, BTC is nearing a crucial support level, suggesting a potential trend reversal. 💵 Price Decline Factors BTC fell over 3% in the past 24 hours. Analyst Ali noted a spike in liquidations around $61,490, prompting the sell-off. This decline positions BTC near critical support. 🔺️ Technical Analysis A widening falling wedge pattern suggests BTC could drop to $60,078, with a rebound potentially driving the price to $71K. 📉 On-Chain Data Insights Glassnode data shows BTC trading below its possible market bottom per the Pi Cycle Top indicator. CryptoQuant data indicates low net deposits on exchanges, reducing selling pressure and signaling a potential price uptick.

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🔡 BITCOIN TRADERS EXPECT BULLISH JULY 💎 Bitcoin traders are gearing up for a promising July as BTC ETF inflows hit a record $124 million! 🔤 Key Factors: 🟢SEC Approval Anticipation: Potential SEC approval for Bitcoin ETFs is expected to attract significant capital. 🟢Positive Market Sentiment: Despite short-term volatility, the overall sentiment remains optimistic. 🟢Institutional Interest: The record inflows into Bitcoin ETFs reflect increasing interest from institutional investors. 🎧 Conclusion Record ETF inflows indicate a bullish outlook for Bitcoin in July, with expectations of SEC approval and growing institutional interest.

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🔵 Ethereum will outperform Bitcoin 💰 after ETF launch The price of #Ethereum could be bolstered by inflows into upcoming U.S. 🇺🇸 spot ETFs, while #Bitcoin faces headwinds from Mt. Gox creditor repayments. @K33 Research

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🏆 Bitcoin Spot ETF Fund Flow Summary for July 2 2024 🟡BlackRock (IBIT): 0 🟢Fidelity (FBTC): Purchased $5.4M 🟢Bitwise (BITB): Sold $6.8M 🟢Ark & 21Shares (ARKB): Purchased $2.5M 🟡Galaxy Digital (BTCO): 0 🟡Franklin (EZBC): 0 🟡Valkyrie (BRRR): 0 🟢VanEck (HODL): Purchased $3.5M 🟡WisdomTree (BTCW): 0 🔴Grayscale (GBTC): Sold $32.4M 🟡Hashdex (DEFI): 0 🌧 Total: Net sell of 🔴 -$27.8M 🔵 Today saw a negative fund flow, with trading volume also subdued compared to the ATH of $3B in May.

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