📊⛏ 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.

🔝 Top #ERC20 coins, sorted by notable daily development activity rates over the past 30 days. #LINK #SNT #ETH

👀 #L3 Layer3 Foundation will publish details on L3 tokenomics next week.

🤔 Where we are so far this #BTC cycle

Comparing realized capital held by shorter-term holders (<1month) versus longer-term holders (1-2yrs).

Number-go-up when new capital enters

📊 IntoTheBlock: 78%%ETH belongs to long-term holders.
Bitcoin miners sold more than 30,000 #BTC in June.
BTC saw net inflows on the CEX of $150 million during the quarter, a minor amount compared to the $3.5 billion in outflows in the first quarter. Medium.com

🎢 Over 65% of all #BTC supply hasn’t moved in more than 1 year

💰 Top Fundraising Rounds conducted in June

Projects that received the most funding are Babylon ($70M), a Bitcoin staking protocol, Avail ($43M), an Ethereum data network, and M^0 ($35M), a decentralized cryptodollar issuance protocol.

🇺🇸👀 #ETH The SEC returned Forms S-1 to potential Ethereum ETF issuers with minor comments, asking them to respond to the comments and resubmit applications by July 8th. theblock

📈 Around 14,000 #BTC have been sent to crypto exchanges in the last four days, worth around $851.20 million!

🇺🇸👨‍⚖ #BNB US District Court rejected SEC lawsuit alleging secondary sales of BNB were securities.

📊 7-day Net Flow across Blockchain Platforms

🇺🇸👨‍⚖ FOX: The judge ruled that if a token was part of an investment contract in the past, it does not mean that it should always be considered a security.

It can be confidently expected that Coinbase, Kraken and Consensys lawyers will use this opinion to strengthen their positions in their own lawsuits, and SEC lawyers will no longer be able to argue that the Ripple decision was simply an exception that other judges disagreed with.

📈 #TON DefiLlama: TVL of the TON network exceeded $680 million, continuing to break records.

🤔⛏ #BTC Analyst C.Q.: Miners' incomes have halved after the halving, but they still remain at a high level.

Meanwhile, they are actively selling coins through OTC and on exchanges.

What do miners know that others don't?

📉 As Q2 ends, #BTC faces a 14% decline, its first negative quarter since Q3 2023, despite maintaining above $60K.

June alone saw a 9% drop

🎢 #ETH / #BTC is finally moving above the 365 simple moving average, showing early — very early — signs of an impeding altseason