๐ #BTC Santiment: FOMO due to the rising price of BTC has spread to X, Reddit, Telegram, 4Chan, BitcoinTalk and Farcaster. Prices are moving in the opposite direction of retail trader behavior, so don't be surprised by a possible short-term rally stoppage while greed is high.
๐ #BTC Cryptorank: the supply of BTC on exchanges continues to decline, indicating an increase in demand for long-term ownership.
โ๏ธ #BTC Arthur Hayes posted a new essay noting that BTC could fall to $90,000.
๐ #BTC supply on exchanges hits 7 year low
Only 14.5% of all BTC now sits on centralized exchanges the lowest since August 2018. This decline signals growing investor confidence in long-term holding, & shrinking sell-side pressure.
Only 14.5% of all BTC now sits on centralized exchanges the lowest since August 2018. This decline signals growing investor confidence in long-term holding, & shrinking sell-side pressure.
๐ง๐ญ๐น The Central Bank of Bahrain (CBB) has issued a regulatory framework authorizing compliant issuance of stablecoins. #regulation
๐ค #BTC CQ: What happens in a bull market over the last two years when the average Funding Rate becomes negative? Fuel appears for liquidating bears and subsequent price growth due to futures.
๐ #BTC Elon Musk yesterday liked a tweet from a user who suggested that Musk was quietly accumulating bitcoins.
๐บ๐ธ๐ #macro USA:
- Initial Jobless Claims: 233k (pre: 236k);
- Nonfarm Payrolls: 147k (pre: 139k);
- Unemployment: 4.1% (pre: 4.2%).
- Initial Jobless Claims: 233k (pre: 236k);
- Nonfarm Payrolls: 147k (pre: 139k);
- Unemployment: 4.1% (pre: 4.2%).
๐บ๐ธ๐ #macro The current market probability that the Fed will cut interest rates in September is about 80%, down from 98% before the jobs report.
๐บ๐ธ๐ช๐บ EU says it's ready for a trade deal with the U.S. #tradewars
๐ฐ #TON Blockchain startup Telegram TOP has raised $28.5 million in funding
๐โโ๏ธ #BNB Nano Labs announced that it acquired 74,315 BNB on the OTC market at an average price of approximately $672.45.
๐ฐ #SOL DeFi Development purchased another 17,760 SOLs for ~$2.7M
๐บ๐ธ๐ #macro US (June):
- S&P Composite PMI: 52.9 (pre: 53);
- S&P Services PMI: 52.9 (pre: 53.7);
- ISM Services PMI: 50.8 (pre: 49.9)
- S&P Composite PMI: 52.9 (pre: 53);
- S&P Services PMI: 52.9 (pre: 53.7);
- ISM Services PMI: 50.8 (pre: 49.9)