🕵️👀 #BTC #ETF BlackRock Global Allocation Fund disclosed ownership of 43k shares of its Bitcoin ETF iShares Bitcoin Trust in April.

🤔 #BTC CEO C.Q.: Bitcoin demand is decreasing again, -23K Bitcoin in the last 30 days, hence the price correction.

The apparent demand calculation is used a lot to estimate demand for commodities. It compares production and inventory changes to estimate if demand is growing or not.

Here I used 1-year inactive supply as a proxy for inventory.

🔝 Top #DeFi tokens by price performance

🤔 #BTC repeats the pattern of last year’s summer

📊 Kaiko: The number of active trading pairs on Binance is well below all-time highs. On the contrary, listings are gaining momentum on the Bybit exchange and Korean exchanges.

🐳 Large entities own about 20% of the total #BTC volume

🧐 Santiment: #BTC's mild rebound after the dip the past 2 weeks has been short-lived for now. But note the continued negative sentiment pouring in from the crowd, indicating their patience is wearing thin.

This, along with a low RSI of just 36, are strong indications a bounce is close.

🇺🇸🕹 The US Treasury will introduce a tax regime for cryptocurrencies starting in 2025 and defers rules for non-custodians.

The Internal Revenue Service (IRS) will not require reporting on most regular stablecoin sales and will set an annual threshold of $600 for NFT proceeds before it will be required to be reported.
coindesk

🇺🇸🗣 FATF: 75% of jurisdictions are “only partially or not compliant” with cryptocurrency standards.

🥳👀 Parent company Igloo Inc acquires Frame. theblock.com

🐳📈 #BTC Ali Martinez: Someone bought the Bitcoin dip! Over 20,200 BTC, worth $1.23 billion, were sent to accumulation addresses.

👀 IRS Finalizes Controversial Tax Reporting Rule for Brokers, Delays Decision on DeFi. theblock.com

🇦🇺 Australian #BTC-#ETF keeps on buying the Bitcoin dip every day. Since its launch this summer IBTC have bought just 65 BTC

📊 #BTC remains stable at $60,911 despite minimal movement following the latest U.S. economic updates.

The PCE index reported core inflation at 2.6% year-on-year, which did not significantly impact BTC prices.

Concerns grow over thinning support below $60K as bid liquidity weakens, signaling potential volatility ahead.

🗓 Major upcoming events in July
#ASI #NATIX #APRS #BDXN #INJ #ILV #BNB #BTC #BCH #AIT

📊⛏ C.Q.: the capitulation of #BTC miners has reached a level comparable to December 2022: a drawdown of 7.6%.
December 2022 marked the bottom of the cycle after the FTX crash.

📊 Santiment: According to the MVRV Z-Score, which determines overvalued and undervalued assets based on the average profitability of traders:
Overvalued: #TON, #BTC, #ETH;
Underrated: #UNI, #SHIB.

🕵️‍♂️ Perhaps the founder of #CRV made an over-the-counter trade.
christian2022.eth sent 400 thousand #USDT to Mikhail Egorov after the June #CRV crisis and received from him 3.75 million CRV. He then listed these tokens worth ~$1.25 million on Binance.

📈 #BTC #ETF Yesterday, the total net inflow of spot BTC-ETFs was ~$73.05 million.

📈 #BTC holdings at OTC desks have seen a significant increase in the last two months.