This selling pressure came from Binance and FTX.
$BTC Exchange Inflow CDD(Coins Days Destroyed) indicates old whale deposits. Binance's Inflow CDD reached a year-high before the drop.
- Source
$BTC Exchange Inflow CDD(Coins Days Destroyed) indicates old whale deposits. Binance's Inflow CDD reached a year-high before the drop.
- Source
1000D MA and 200W MA
๐ธ According to the last decade's history, Bitcoin has now entered the zone of maximum opportunity.
source
๐ธ According to the last decade's history, Bitcoin has now entered the zone of maximum opportunity.
source
๐ฉ FOMC countdown
๐ธ Take note of the Fed-FOMC meeting tomorrow (June 15, 2022)
๐ธ 1Day and 7hours left
You can check the live countdown here๐
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
๐ธ Take note of the Fed-FOMC meeting tomorrow (June 15, 2022)
๐ธ 1Day and 7hours left
You can check the live countdown here๐
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
2.5 Billion TRX Removed from Binance by Tron to Prevent USDD De-Peg
In a recent tweet, TRON DAO Reserve, which manages stablecoin USDD, says it is withdrawing 2.5 billion TRX out of Binance to "safeguard the overall blockchain industry and crypto market."
The first transaction pertains to 339,999,999 TRX (16,960,959 USD) transferred from Binance to an unknown wallet, and the second was of 499,999,999 TRX (25,173,868 USD) also transferred from Binance to an unknown wallet.
Source
In a recent tweet, TRON DAO Reserve, which manages stablecoin USDD, says it is withdrawing 2.5 billion TRX out of Binance to "safeguard the overall blockchain industry and crypto market."
The first transaction pertains to 339,999,999 TRX (16,960,959 USD) transferred from Binance to an unknown wallet, and the second was of 499,999,999 TRX (25,173,868 USD) also transferred from Binance to an unknown wallet.
Source
"Best Trading Opportunity Ever" Says Blockware Analyst, According to On-Chain Metrics"
Despite the poor performance of the cryptocurrency market, many indicators suggest that it might be one of the best times to buy the digital gold, considering its undervaluation following the massive liquidations volume on the market.
The indicator used by Clemente is the Dormancy Flow metric that shows the average number of days each transaction remains dormant. The metric reflects the spending pattern of market participants.
Source
Despite the poor performance of the cryptocurrency market, many indicators suggest that it might be one of the best times to buy the digital gold, considering its undervaluation following the massive liquidations volume on the market.
The indicator used by Clemente is the Dormancy Flow metric that shows the average number of days each transaction remains dormant. The metric reflects the spending pattern of market participants.
Source
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ููุชุนููู ุนูู ุงูู ูุถูุน ููุถู ุฅูููุง ุงูุฑุฆูุณ ุงูุชูููุฐู ูุดุฑูุฉ FLUUS.com ุงูู ุฎุชุตุฉ ูู ุงูุนู ูุงุช ุงูุฑูู ูุฉ _ุชูููู ุงูุฑุฌููุฉ.
https://youtu.be/3-w4NKvDp9A
ููุชุนููู ุนูู ุงูู ูุถูุน ููุถู ุฅูููุง ุงูุฑุฆูุณ ุงูุชูููุฐู ูุดุฑูุฉ FLUUS.com ุงูู ุฎุชุตุฉ ูู ุงูุนู ูุงุช ุงูุฑูู ูุฉ _ุชูููู ุงูุฑุฌููุฉ.
https://youtu.be/3-w4NKvDp9A
Bitcoin Macro Update
For the first time, BTC broke down its previous ATH
๐ธ Bitcoin is now trading above the ATH support level from the previous cycle, with an open weekly candle below it. If this level of support remains to be lost, Bitcoin will continue to plummet. First, at $ 16,700-15,500, and then at $ 12,000-13,000 if there is no support.
For the first time, BTC broke down its previous ATH
๐ธ Bitcoin is now trading above the ATH support level from the previous cycle, with an open weekly candle below it. If this level of support remains to be lost, Bitcoin will continue to plummet. First, at $ 16,700-15,500, and then at $ 12,000-13,000 if there is no support.
BTC Realized Loss in USD
๐ธ The last three consecutive days have been the largest USD denominated Realized Loss in #Bitcoin history.
๐ธ Over $7.325B in $BTC losses have been locked in by investors spending coins that were accumulated at higher prices.
๐ธ The last three consecutive days have been the largest USD denominated Realized Loss in #Bitcoin history.
๐ธ Over $7.325B in $BTC losses have been locked in by investors spending coins that were accumulated at higher prices.
MARKET UPDATE: $USDT DOMINANCE
USDT dominance has done break of structure and currently it's going to re the break of structure zone. The trend shift from trending high to trending low is expected if it reed successfully and that would be a bullish sign for the crypto market as it works opposite to USDT dominance.
USDT dominance has done break of structure and currently it's going to re the break of structure zone. The trend shift from trending high to trending low is expected if it reed successfully and that would be a bullish sign for the crypto market as it works opposite to USDT dominance.
๐ข FOR TODAY'S UPDATE ๐ข
๐ดToday's Fear and Greed Index is 9 - CHECK HERE
๐BTC leaving the exchanges for today: $181.8M - CHECK HERE
CRYPTONEWS
๐ถBitcoin Bounces Back Above $20,000, Ethereum Exceeds $1,000 โ MORE DETAILS
๐ถCrypto market turns green as nearly $70 billion inflows in 24 hours โ MORE DETAILS
CRYPTOTWITTER (CT)
๐ Bitcoin Miners have stopped selling; Accumulation has re-started โ SEE HERE
๐ Bitcoin can stay oversold for quite sometime before transitioning into a new bull market โ SEE HERE
๐ BTC Realized Loss in USD โ SEE HERE
ON-CHAIN
๐ธAll three Bitcoin MVRV cohort ratios are now underwater โ SEE HERE
LESSON FOR THE DAY
โป๏ธ20 top resources to help you think clearly, be resilient and keep building 'no matter what' โ LEARN HERE
๐ดToday's Fear and Greed Index is 9 - CHECK HERE
๐BTC leaving the exchanges for today: $181.8M - CHECK HERE
CRYPTONEWS
๐ถBitcoin Bounces Back Above $20,000, Ethereum Exceeds $1,000 โ MORE DETAILS
๐ถCrypto market turns green as nearly $70 billion inflows in 24 hours โ MORE DETAILS
CRYPTOTWITTER (CT)
๐ Bitcoin Miners have stopped selling; Accumulation has re-started โ SEE HERE
๐ Bitcoin can stay oversold for quite sometime before transitioning into a new bull market โ SEE HERE
๐ BTC Realized Loss in USD โ SEE HERE
ON-CHAIN
๐ธAll three Bitcoin MVRV cohort ratios are now underwater โ SEE HERE
LESSON FOR THE DAY
โป๏ธ20 top resources to help you think clearly, be resilient and keep building 'no matter what' โ LEARN HERE
June 22 Global Market Outlook:
โซ๏ธAsian Market and US futures are on a correction after making a good rally on Tuesday
โซ๏ธThis indicates that the market is still not in a comfort zone and traders are booking their swing profits
โ๏ธFear of recession is high in market
โNow, the market reached in a zone where intraday traders book quick profits
โ ๏ธFear of inflation will continue for the next few months, market participants also know that the FED can increase interest rates by 75BP in July
๐ธExpect the Global Market to give slow upside movement with little volatility
Strategy
โ Trade with low volume and set alerts
โ Investors with a 2/3 yrs target can accumulate
Event Reminders:
๐ฉUS CPI report will come on 10 July
๐ฉUS FED FOMC meeting on 26 July
โซ๏ธAsian Market and US futures are on a correction after making a good rally on Tuesday
โซ๏ธThis indicates that the market is still not in a comfort zone and traders are booking their swing profits
โ๏ธFear of recession is high in market
โNow, the market reached in a zone where intraday traders book quick profits
โ ๏ธFear of inflation will continue for the next few months, market participants also know that the FED can increase interest rates by 75BP in July
๐ธExpect the Global Market to give slow upside movement with little volatility
Strategy
โ Trade with low volume and set alerts
โ Investors with a 2/3 yrs target can accumulate
Event Reminders:
๐ฉUS CPI report will come on 10 July
๐ฉUS FED FOMC meeting on 26 July
Nothing Goes Up in a Straight Line for one day or even weeks.
๐ธ On the left side, you can see the normal chart of $BTC from '18-'21.
๐ธ On the right is the inverse chart of $BTC from '21-'22.
๐ธ As soon as the parabola on the right breaks, a new uptrend for $BTC begins.
Looks like we are getting closer
source
๐ธ On the left side, you can see the normal chart of $BTC from '18-'21.
๐ธ On the right is the inverse chart of $BTC from '21-'22.
๐ธ As soon as the parabola on the right breaks, a new uptrend for $BTC begins.
Looks like we are getting closer
source