📊⛏ #BTC prices are very close to the average mining cash-cost per Bitcoin miners
🎢 #BTC C.Q.: Miners capitulation mirrors Dec 2022 levels with a 7.7% hashrate drop, similar to post-FTX collapse conditions.
Such declines often signal potential market bottoms
Such declines often signal potential market bottoms
⛏ #BTC #USDT Two former executives of Tether-backed Northern Data filed a lawsuit against the firm, claiming they were wrongfully fired after they raised concerns about the company's financial health and accused it of tax evasion.
📊 #BTC MVRV-Z has now retraced from the typical early bull cycle runup area (red zone) to the typical cool-off area, where new support levels are usually set (green zone).
🗣 QCP: Today's US employment data shows downward revisions to both April and May figures. This confirms Powell's deflationary path and possibly earlier rate cuts.
🤓 #BTC Glassnode: Moving towards technical indicators, we can use the widely used Mayer Multiple metric, which assesses the ratio between Bitcoin price and its 200DMA.
The 200DMA is often used as a simple indicator for assessing bullish or bearish momentum, making any breaks above or below a key market pivot point.
The 200DMA currently resides at a value of $58k, once again providing confluence with on–chain price models.
The 200DMA is often used as a simple indicator for assessing bullish or bearish momentum, making any breaks above or below a key market pivot point.
The 200DMA currently resides at a value of $58k, once again providing confluence with on–chain price models.
🥳 Zircuit: Season 1 snapshot will take place on July 7th. Season 2 starts on July 8th.
🇰🇷🕹 South Korea is delaying the introduction of tax rules on virtual assets until 2025. #regulation coinedition.com
🕵️♂️ Whale transferred 561,782 #UNI ($4.38 million) on Binance 34 hours ago, leaving 2 million UNI ($15.48 million).
This whale has accumulated UNI over the past year and this is his first UNI sale. The majority of his UNI was withdrawn from Binance, with a total of 1.31 million UNI ($8.16 million) withdrawn at an average price of $6.22.
This whale has accumulated UNI over the past year and this is his first UNI sale. The majority of his UNI was withdrawn from Binance, with a total of 1.31 million UNI ($8.16 million) withdrawn at an average price of $6.22.