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Did Bitcoin Bottom? This is How to Know
Did Bitcoin Bottom? This is How to Know

CryptoQuant says to look for on-chain signals like higher bullish momentum and rising BTC demand.

Cryptopotato·2024/06/30 08:40
Web3 Watch: Crypto X users get a kick out of Solana blinks
Web3 Watch: Crypto X users get a kick out of Solana blinks

Plus, crypto news loses views and Blast’s TVL declines

Blockworks·2024/06/29 23:52
Julian Assange Is Now Free: Here’s What He Believes About Bitcoin
Julian Assange Is Now Free: Here’s What He Believes About Bitcoin

The free speech advocate has long supported Bitcoin as a way of ensuring history can’t be rewritten.

Cryptopotato·2024/06/29 23:52
Economic uncertainty weighs heavily on U.S. voters
Economic uncertainty weighs heavily on U.S. voters

Share link:In this post: U.S. inflation is slowing, but debates about Biden’s ability to challenge Trump overshadow the good news. The IMF warns the U.S. must address its high debt levels, with the debt-to-GDP ratio predicted to hit 140% by 2032. Voters prioritize the economy, with Trump trusted over Biden by 41% to 37% on economic issues. Bitcoin struggles in a tight range, with fears of further drops due to a supply overhang in July.Disclaimer. The information provided is not trading advice. Cryptopolita

Cryptopolitan·2024/06/29 20:01
Flash
19:12
Sources: Multiple U.S. States Considering Lawsuit to Block Paramount's Acquisition of Warner Bros.
On June 6, it was reported that chief attorneys from several U.S. states are drafting a legal document to challenge Paramount Global's $110 billion acquisition of Warner Bros. Discovery (WBD.O), laying the groundwork for an antitrust lawsuit against this massive Hollywood deal. According to informed sources, senior officials from about 10 states have begun drafting complaint documents and discussing legal procedures to potentially file a lawsuit within this month to block the merger. California, a hub for the entertainment industry, is leading this effort. No final decision has yet been made regarding the filing of a lawsuit or which states will join the action. Most of the states considering the lawsuit are led by Democratic attorneys general, but at least two Republican attorneys general are also involved in the investigation. Officials from California and other states have reportedly met with Paramount and opponents of the deal, requesting sworn statements or testimonies that could be used in the lawsuit.
17:47
Jiang Zhuo'er: Bitcoin Has Not Successfully Broken Below $60,000 Support, Potential Rebound Over the Weekend
BlockBeats News, June 6th, BitDeer Mining Pool (B.TOP) founder Jiang Zhuo'er stated in a post that Bitcoin has not effectively dropped below the $60,000 strong support. The price difference between an exchange is shrinking, indicating that the selling pressure from ETFs and other US stock institutions is decreasing. There may be a rebound in the crypto market over the weekend. Yesterday, Jiang Zhuo'er announced that he had "bought the dip" and repurchased all his ETH holdings at $1645, expecting to start selling after a rebound in 1 to 3 days.
17:02
Tonight, the "Gathering of Heroes" sees the Whale perform buy-the-dip, accumulation, liquidation, and onlooker behaviors, where only those who respect the market can sail far.
BlockBeats News, June 6th. Tonight is destined to be a sleepless night for stock and crypto investors. Impacted by the better-than-expected employment data, the U.S. stock market opened lower and quickly experienced a deep decline. As of press time, the downward trend has not stopped, with the Nasdaq falling by 3.00%. Several AI stocks that were previously hyped saw significant pullbacks. The crypto market is even bloodier. As expected, a familiar scene of liquidation and repositioning played out. However, tonight there were also multiple whales accompanying this: A whale who leveraged 104,772.57 WETH for a long position on-chain also experienced partial liquidation. It is worth mentioning that this whale was the same one who bought the dip during El Salvador's February sell-off. However, with the changing times, as this whale watched helplessly as their position was liquidated tonight, El Salvador was already lamenting on the shore about the astonishing speed of the market decline. In addition, during the on-chain whale liquidation, several well-known traders were bottom fishing and giving out signals. The most famous among them is the whale known as "Setting 10 Big Targets First," who opened a position at $60,153.8 per BTC, buying 2,835.32 BTC, worth $170 million. Killa is slowly accumulating with spot positions and low leverage. Ansem, on the other hand, advises users not to rush to bottom fish. The market is like an ocean, attracting all kinds of talents, with whales churning the waters. Some awaken during liquidation, while others accumulate during the bloodbath. True wisdom lies not in catching the bottom but in surviving through each cycle. Tonight, no one can escape the waves; tomorrow, only those who show reverence can continue to sail.
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