In this THREAD I will analyze $BTC
1. German Government Selling
2. $ETH ETF
3. $BTC holders accumulating
4. Selling pressure in $BTC
5. Bitcoin Analysis
Full analysis of #Bitcoin in July 🧵👇
1. German Government Selling
2. $ETH ETF
3. $BTC holders accumulating
4. Selling pressure in $BTC
5. Bitcoin Analysis
Full analysis of #Bitcoin in July 🧵👇
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1. German Government Selling
German Government has just about 5K $BTC left now.
This is the data from the SELLING of the German Government last month.
June 17: 49,878 $BTC
June 24: 47,178 $BTC
July 1: 44,691
July 8: 27,460
Today: 4925 $BTC
German Government has just about 5K $BTC left now.
This is the data from the SELLING of the German Government last month.
June 17: 49,878 $BTC
June 24: 47,178 $BTC
July 1: 44,691
July 8: 27,460
Today: 4925 $BTC
1.1 German Government Selling
So far, more than half of their $BTC, over 25,000, has already been sold through several CEXs:
- Kraken
- Coinbase
- Bitstamp
The market's reaction to this news, is much more emotional than the news itself.
So far, more than half of their $BTC, over 25,000, has already been sold through several CEXs:
- Kraken
- Coinbase
- Bitstamp
The market's reaction to this news, is much more emotional than the news itself.
2.1 $ETH ETF
The spot Ethereum ETFs will unlock $9B worth of $ETH
These are funds that Grayscale holds in its Ethereum Trust.
The ETH ETFs launch is bullish in the mid-long term.
The spot Ethereum ETFs will unlock $9B worth of $ETH
These are funds that Grayscale holds in its Ethereum Trust.
The ETH ETFs launch is bullish in the mid-long term.
3. $BTC Holders Accumulating
Long-term holders have already bought up more than 85,000 $BTC in the last 30 days.
This is a BULLISH catalyst for the price, since the Long-term holders keep accumulating.
Long-term holders have already bought up more than 85,000 $BTC in the last 30 days.
This is a BULLISH catalyst for the price, since the Long-term holders keep accumulating.
4. Selling pressure in $BTC
After the entry of old Bitcoins wallets, there was a drop in Bitcoin.
Since their quantities are small, this selling pressure cannot last long.
Price should recover shortly after the initial impact.
After the entry of old Bitcoins wallets, there was a drop in Bitcoin.
Since their quantities are small, this selling pressure cannot last long.
Price should recover shortly after the initial impact.
5. $BTC Analysis
$BTC is currently in SUPPORT in HTF.
I expect a bounce here, after all this BEARISH news.
If $BTC loses $54,000 then $49,500 is next.
I'm targetting $62,000 from here.
$BTC is currently in SUPPORT in HTF.
I expect a bounce here, after all this BEARISH news.
If $BTC loses $54,000 then $49,500 is next.
I'm targetting $62,000 from here.
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