🤔 #BTC Analyst C.Q.: The real pain in the market will start when the paper profits of the newcomers equal zero. The same thing happened with the holders of GBTC who bought at the peak in 2021 and then sat underwater for four years.

#ETF holders are luckier, they won’t have to wait that long

🗣 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.

🎮 Top 10 GameFi Tokens via Market Cap #IMX #FLOKI #NOT

🤓 #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.

📊 Santiment: All notable large cap tokens (with the exception of #TON) are in the “opportunity zone” according to the MVRV indicator.

🌐 Decentralized Identity Ecosystem

Decentralized identity solutions in the Web3 space empower users to control, manage, and share personal information without a central authority

🤔 #BTC End of Germany, Mt. Gox sales 'likely' to mark Bitcoin bottom, experts say. decrypt

🥳 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 The majority of his UNI was withdrawn from Binance, with a total of 1.31 million UNI ($8.16 million) withdrawn at an average price of $6.22.

🌪⚖️ #TORN Lawyers of Roman Storm asked judge to postpone the trial from September 2024 to January or February 2025.

📈 Dominance of the Polymarket betting platform in the betting market based on the volume of blocked assets.

Dune experts note that this success can be achieved without any financial incentives or points system.

📊 #TRX C.Q.: TRON's number of active users has increased since the beginning of the year, maintaining a near-record high level despite market uncertainty and selling pressure in the cryptocurrency market.

📊 #BTC Santiment: Wallets with >10,000 BTC benefited the most from the volatility of the last 6 weeks and accumulated the most BTC in the last ~6 years.

🕵️‍♂️ The sleeping wallet woke up after 10.6 years and transferred 1004 #BTC ($57 million) about 2 hours ago! He received his BTC in 2013 and 2014 at an average price of just $731.

📈 #BTC #ETF Yesterday, the total net inflow of spot BTC-ETFs was ~$143.1 million.

🇺🇸🥳 #ETH #ETF grayscale: If the ETH-ETF is approved, nearly 25% of potential US voters will be more interested in investing in Ethereum. Almost half of voters (47%) plan to include cryptocurrencies in their portfolios, up from 40% at the end of last year.

🤔 #BTC Analyst C.Q.: Right now, it's worth paying attention to the $46.4K level - this is the average purchase price over the last year.

🔝 Top 15 Blockchains by Total Transactions in Q2 2024

📈 CoinGecko: #BTC and #ETH outperformed the majority of the Magnificent Seven stocks from May 2023 - June 2024