Bitcoin's price dropped below $64,000, indicating a potential further decline to levels not seen in nearly two months. Long-term holders of Bitcoin are selling, while Ethereum holders are buying, anticipating bullish outcomes from staking and an upcoming Ethereum ETF launch.
Mt. Gox to Repay Creditors https://t.co/B3LRh3hB44
INTEL: Mt. Gox users will be compensated based on the 2014 value of Bitcoin ($483 per BTC), not the current value or the number of Bitcoins lost. Refunds have started via PayPal, the process will continue until October 31, 2024 https://t.co/LPIngBWUL0
[COINSHARES] Digital asset investment products saw a second consecutive week of outflows totalling $584m, shaving off $1.2bn in total. We believe this is in reaction to the pessimism amongst investors for interest rate cuts by the FED this year https://t.co/IL0xR7dLZC
Mt Gox Send Market Down: BTC $61k https://t.co/5LjF87u0NG
Market bleeds ahead of Mt Gox distirbution https://t.co/XtaW0rkY63
🟥 Things I’m looking at today 🟥 BTC hits 6-week lows, Mt. Gox set to start selling, WIF falls out of top 50 Subscribers: 9,972 (+52) If subs hit 20k by Aug 31st - one subscriber wins $20k Subscribe: https://t.co/gFflbruL4Q Crypto * BTC: 61.3k (-5%), ETH: 3305 (-6%), SOL:… https://t.co/3FG9HJuYiO
According to CoinShares, digital asset investment products saw outflows of $584 million last week, with Bitcoin outflows reaching $630 million, Ethereum outflows reaching $58 million, and multiple asset products inflows reaching $98 million, indicating that investors see weakness…
Mt. Gox to distribute metric fuckton of BTC starting arguably the week of ETH ETF launch History books couldnt have written it any better
$BTCUSD Drops sharply to <61K, down ~5% for the day after MtGox Trustee announced to start Bitcoin and Bitcoin Cash repayments from July 2024 (#Bitcoin vs US Dollar) (More at https://t.co/68QCW3O9nZ)
Bitcoin approaching must hold levels quickly...
oh btw Mt. Gox has no $ETH to distribute.
The Daily Modern Market Snapshot: Mon 24 Jun Headlines 👉MT Gox BTC ready to be distributed: majors red, BTC down 5% $61k; ETH down 5% $3.3K; SOL down 6% $125 From @News_Of_Alpha: "Mt. Gox To Distribute Bitcoin, Bitcoin Cash Repayments Starting Beginning Of July 2024: Notice"… https://t.co/RyU54Wp7HV
oh btw Mt. Gox has no $ETH to distribute. bull case for $ETH remains intact.
Mt. Gox reportedly holds: • 142,000 BTC - $8.7b USD • 143,000 BCH - $51m USD But not all will be distributed at once, it seems. Nobuaki Kobayashi's notice says "Please wait for a while until the repayments are made." How long will it take? https://t.co/nqkNaVlStY
Mt. Gox reportedly holds: • 142,000 BTC - $8.7b USD • 143,000 BCH - $51m USD But not all will be distributed at once, it seems. Nobuaki Kobayashi's notice says that "In order to conduct the repayment safely [...] it will take some time." https://t.co/nqkNaVlStY
BREAKING: Mt Gox to start repayments of 141,868 #BTC worth $8.8 Billion https://t.co/AZeuITZvDI
Mt.Gox creditors are not getting any $ETH. So you can stop selling that one..
JUST IN: #Bitcoin dropped from $64k to $61k on the news https://t.co/EZpuPSzR7W https://t.co/A4AyRMnXA3
JUST IN: Mt Gox to start repayments of 141,868 #BTC worth $8.8 Billion https://t.co/tHd7uUWQK0
🚨 Bitcoin falls below $61K: over $100M liquidated in the last hour after Mt. Gox repayment news Are we going to recover anytime soon? https://t.co/WP2s0ZdfRh
So early July we will track... - daily BTC ETFs inflows - daily Mt. Gox BTC distributed - daily ETH ETF inflows + volumes
Defunct bitcoin exchange Mt. Gox said Monday it will start to distribute assets stolen from clients in a 2014 hack in the first week of July, years after continually moving deadlines. By @shauryamalwa https://t.co/SlvtqO8dAI
So early June we will track... - daily BTC ETFs inflows - daily Mt. Gox BTC distributed - daily ETH ETF inflows + volumes
The new spot $ETH ETF issuers are all very happy with the current $ETH puke, they are about to load up at the cheaper prices.
Mt. Gox to start creditor repayments next month, asks users to ‘wait a while’ https://t.co/B7WszGvHM5
MASSIVE Mt. Gox Distribution Incoming! Here's the breakdown of the figures:… https://t.co/i7zCdWGbNr
#BITCOIN DROPS SUDDENLY, LAST DOWN 4% ON DAY AT $61,094
Fear of the day: Mt. Gox to start distributing $BTC & $BCH in July Market is reacting scared https://t.co/otsAzvdujZ
Bitcoin is tanking https://t.co/4ORgzLr98R
Bitcoin breaks $61,000 https://t.co/oRTXrB5ptr
BREAKING: $BTC DROPS BELOW $61K https://t.co/Hjykks2xAF
Bitcoin breaks $62,000 https://t.co/fJCBVFNNLa
🚨 #Bitcoin and #Ethereum transaction fees have dropped to their lowest levels in seven months. As of June 23, the average $BTC transaction fee was $1.93 Similarly, $ETH gas fees have plummeted to as low as 1 gwei. https://t.co/PccMd8cApX
Mt Gox has 0 ETH to distribute
ETHEREUM $ETH COULD PLUNGE TO $2,400 AFTER SPOT ETF LAUNCH: POSSIBLE REASONS... - Ethereum could fall to $2,400 after the launch of spot Ether exchange-traded funds (ETFs), according to Andrew Kang, co-founder of Mechanism Capital. Key Points: - Kang notes that Ether attracts… https://t.co/zkcRtMrmPQ https://t.co/T5Oa2xgOh5
#Bitcoin falls below $63K as whale transactions drop 42%. A significant slowdown in $100K+ trades raises questions. What’s your take on this market shift? https://t.co/abyiJ3KlyP
Influencers calling for ridiculously low prices and people in despair about their altcoin investments while the $ETH ETF is launching next week… Bottom is close, don’t give up.
It’s July. - $ETH spot ETFs are live. - Inflows are better than expected. - $BTC ETFs have inflows again. - BTC trading $70K+ & $ETH $4K+ - Alts have recovered sharply. - Sentiment is euphoric.
Bitcoin price slides below $63,000, triggering a spike in long liquidations https://t.co/IphFzV1Rbo
Bitcoin's falls below the $63,000 mark shows the asset is oversold https://t.co/E6EMbNrFrJ
BTC D1 ..at support that has been tested quite a few times now (in last 120 days or so), if you are a bull you want to see this hold Feels like BTC is just catching up to alts, somehow they didnt sell off that hard in last 8 hrs https://t.co/otmPKgmoCE
ETH ETF is bullish! #ETH #Ethereum https://t.co/Y3cOLjCKV7
Bitcoin is collapsing. https://t.co/YnMGIVRxxq https://t.co/yyswDgzkzZ
$ETH could fall 30% to $2,400 soon after the now-approved spot #EtherETFs launch, says Mechanism Capital founder and partner @Rewkang. https://t.co/fzV9gC2RhB
UPDATE: ETHEREUM $ETH COULD PLUNGE TO $2,400 AFTER SPOT ETF LAUNCH, WARNS ANDREW KANG, CO-FOUNDER OF MECHANISM CAPITAL
$BTC has dropped below $63K 👀 https://t.co/1qvzPCefmc
Just some thoughts: agreeing with the takes that we see ETH stumble here even with ETF confirmed and there are some solid opportunities in alts. ETH heading to $3000 in short term feels like the expected reactionary move from overvaluation from those expecting it to perform as…
Leading up to the BTC ETF approvals, we saw BTC get bid much heavier vs. the muted ETH bid leading up the ETH ETF approvals. Almost like the market used PEPE as a proxy levered bet leading up to ETH ETF approvals. IMO, that was a CT bid rather than an institutional bid. I think… https://t.co/quxWUqwqRc
Leading up to the BTC ETF approvals, we saw BTC get bid much heavier vs. the muted bid leading up the ETH ETF approvals. Almost like the market used PEPE as a proxy levered bet leading up to ETH ETF approvals. IMO, that was a CT bid rather than an institutional bid. I think the… https://t.co/quxWUqwqRc
#Bitcoin is now below $63K Where do you see the crypto market going next? https://t.co/JF40M2ksDV
🔔 Today's #KuCoinMarketWatch updates (Jun 24, 2024) 🔽 📉 #Bitcoin dipped below $64K, hitting #altcoins 💼 #BlackRock, #Grayscale, and #MicroStrategy are top $BTC holders ⛽ #Ethereum gas fees drop to 2 gwei, leading to lowest burn rate in 12 months More news ⤵️
absolutely nobody: CT: here is why the ETF for ETH will somehow result in net negative inflows from day 1
Interesting to see ETH enter the Wall Street universe. Will big shot Wall Street speculators eventually learn the facts in this thread and loudly enter short positions, selling ETH against BTC? https://t.co/WHubTwfz9a
Memecoins top is not in yet 🚨 Last cycle, SHIB pumped 5,000%, then dumped 80%, and then pumped 1,600% again in the same year. Most of the memecoins will go through a 60%–80% drawdown in 2024, but once the big altseason kicks in, they'll all boom. https://t.co/0ydQoCZb8U
Everyone ready for these next two weeks? Spot eth ETFs could *potentially* be approved & trading. Biggest thing I’m watching for is fee on Grayscale mini eth trust. That fee could send shockwaves through spot *btc* ETF landscape as there is also mini btc trust. Buckle up.
ETH will rip faces. The largest programmable currency with no more SEC threats and upcoming ETF. The chain that got institutions excited with stables and DeFi + NFTs. Let’s stop being tribalistic, jealous toddlers. It’s a win massive win for the space. $10K incoming.
WHY IS $BTC BITCOIN TANKING? https://t.co/DBTEHMBuZE
BREAKING: $BTC DROPS BELOW $63K https://t.co/jqLpjaveQq
Ethereum ETF is imminent ETHBTC down 5% from 19-4b approval ETF reporters setting expectations super low All time low ETH on exchanges 1559 supercharges a market upswing https://t.co/OgZlNevIWq
Ethereum ETF in like 10 days? If it’s just 1/5 as successful as the Bitcoin ETF, Ethereum is going much higher.
#BTC is trading at $63,600 right now 📉 Will $BTC dip further to $60k or is the bottom in here? 👇
my read of the extreme hatred on the TL for ETH right now just prior to the launch of the ETH ETF is that people are terrified that their non-ETH bags are plummeting to zero and they think FUD'ing ETH will help* (*) spoiler: it won't help
it seems like ETH ETF could launch sooner rather than later. a few thoughts: 1) yes, it probably would have been more bullish if they launched it in the fall rather than the summer lull. but better "early" than never 2) i don't expect fireworks out the gate and yes, there could…
In a market principally concerned with token supply overhang, ETH balance on exchanges has hit an ATL, aggregate supply has declined since 2 years ago, and a spot ETF is imminent 4.3M ETH have been burned since August 2021 via 1559 (~$15Bn) Seems obvious in retrospect https://t.co/lN30AepMrL
🧵On Sunday at 4 p.m. EDT on June 23, #bitcoin (BTC) struggled to maintain its position above the $64,000 mark, fluctuating between $63,868 and $64,495 per unit over the past day. In the last six sessions of spot bitcoin exchange-traded fund (ETF) trading, each day saw outflows.
Institutions are now bidding on ETH Ethereum CME futures OI is rising just like it happened with BTC before the ETF trading started. Time for $5,000 ETH soon ? GIGA BULLISH 🔥 https://t.co/JPZZ2GqBoF
SOL looks so bad it looks too free to short on top of everyone on CT currently shitting on it. Looking for the daily to close above the 200 EMA to long. ETH ETF in 10 days should provide temporary relief for alts. https://t.co/Waaz9zbB6k
My timeline is so damn bearish 🤯 Crypto degens think short term too much 10 Things to look forward to in crypto 1) Continue in flow in BTC ETF 2) Adoption of ETH ETF long term 3) Solana ETF is coming long term 4) Friendlier regulatory environment 5) BTC Layer 2 expansion…
Man really went from mega bull posting about HK BTC ETFs (which nobody cared about) to mega bear posting about ETH ETFs when they’re listing on US markets soon. Idk what’s happening anymore.
I know most of y'all are invested in shitcoins, but it's still wild to me how bearish people are a week before the Ethereum ETF goes live
Just for funsies narrative prediction eth pumps after etf goes live and leads big marketwide rally on majors. new eth highs eth memes like pepe pump hard sol and sol memes lag behind for awhile all the hoes (ct) stop bad moutinh eth and start sucking off eth and bad mouthing…
ETH is trading close to ATH and I see a non stop flow of threads talking about how it's defunct tech, Blockbuster, Myspace, pets dot com, there will be negative interest from TradFi, the ETFs already failed before they launched and it'll trade at negative $4k by tomorrow.
Remember this coin? $PEPE on solana?! Can we all just admit these solana memecoins that mimic the original don't last? Its good for traders but if you're looking for something that can stand the test of time, I don't think the derivative version on solana is it. https://t.co/ThiyXH9qEP
basically this lol the eth people calling for end of sol bought the wrong memes like djt 🤣 fwiw I’m in both sol and eth bc both have their strengths https://t.co/8xqyMhsDcd
Will say, the amount of tepidness going into the ETH ETF is way more preferred than unfounded bullishness. The road for ETH this cycle is clearly being met with a lot of resistance, and that’s a good thing.
SOL is once again out of favor “It’s only a meme chain and memes are dead” 1. Memes are here to stay 2. Consider why memes thrived in Solana. What about DePIN and DeFi? Phantom? Right let’s ignore that See you in the order books lads
🟥 Things I’m looking at today 🟥 Weekend lull returns, Presidential debate this week, ETH memes bounce Subscribers: 9,925 If subs hit 20k by Aug 31st - one subscriber wins $20k https://t.co/TvwD8qP65f Crypto * BTC: 64.2k (0%), ETH: 3495 (0%), SOL: 134 (0%) * Top Gainers:… https://t.co/SPnU5VIqhY
🟥 Things I’m looking at today 🟥 Weekend lull returns, Presidential debate this week, ETH memes bounce Subscribers: 9,875 If subs hit 20k by Aug 31st - one subscriber wins $20k https://t.co/TvwD8qP65f Crypto * BTC: 64.2k (0%), ETH: 3495 (0%), SOL: 134 (0%) * Top Gainers:… https://t.co/XemlXoBvrX
Donalt gloating Funding flashing red some hours BVOL making lows Ethereum gets ETF this/next week (billions in flows plus def not a security) Solana ZK Tourists out Alt sentiment worst I've ever seen Missoors say meme supercycle is over (hardly started) 80K in July Bookmark dis
my main thoughts are that SOL and SOL memes are clearly cooked until BTC flips bullish ETH and ETH memes have their own narrative (kind of like the merge in ‘22) however when crypto flips back to full mania I still think SOL and surviving SOL memes are better beta
In no uncertain terms - ethereum etf flows will exceed expectations - issuers will suggest exposure to both btc and eth (I've seen 70/30 floated around) - narrative follows price, you will see the sentiment around eth shift to future of finance - a rising eth lifts all coins
$ETH ETF is around the corner 99% of the world isn’t ready for the coming years for #Bitcoin and #Ethereum now that it’s fully accepted by Wall Street
$ETH ETF launch is close and yet CT feels like a ghost town. This is the time to be active and prepare for the next leg up. Don’t be lazy.
🐸🔑🔓🐂📈 $PEPE is the key to unlock the bull market. https://t.co/MjSL5OrcxX
#Bloomberg's senior ETF analyst has reaffirmed his prediction of a July 2 launch date for spot #ethereum ETFs. https://t.co/rQ8gk6ImT1
Hot take: ETFs as a source of inflows or a means of access are irrelevant. We’ve seen that with BTC and the carry trade by now. ETFs only matter because they shift the Overton window and because of that all ETFs are positive. Over time, they make more people want to own digital… https://t.co/DRkiJknM2z
Hot take: ETFs as a source of inflows or a means of access are irrelevant. We’ve seen that with BTC and the carry trade by now. ETFs only matter because they shift the Overton window and because of that all ETFs are positive. https://t.co/DRkiJkojS7
Crypto Watchlist for the week ahead: $ETH - spot Ethereum ETFs should go live before July 4 according to ETF experts $BLAST - Blast is launching its token and airdrop on June 26 $TRUMP $MAGA $BODEN - The presidential debate between Biden and Trump is scheduled for June 27.… https://t.co/PCPONalhu4
Why is Wall Street selling? Bitcoin ETF outflows 👇 https://t.co/lF8A2qYgMS
VCs are writing full on articles on why the ETH ETF is fully priced in with other VCs commenting on how ETH is such a hard sell to tradfi holy shit you guys are so midcurve its incredible unbelievably higher and hope none of you ever own a single validator node
While long-term Bitcoin holders have started selling their holdings, Ethereum holders are shaking things up. New yield opportunities in the ETH ecosystem and anticipation of an Ethereum ETF could be driving this divergence. https://t.co/8VvkfIm9BW
I was wondering when the mandatory midcurve overanalyzing take on the ETH ETF would drop. Here it is. ETH ETF is priced in and bearish. https://t.co/Xx3FCryz3t
Institutions would have to be pretty stupid to buy into the $ETH etf and give up on 2%+ in staking fees as @Rewkang mentions plus pay a management fee on top. This is a $BTC and $SOL cycle and everything else is cope. Good luck. Also, $SOL is better than ETH in almost every… https://t.co/18HCtJ8BSL
most entertaining outcome is BTC ETF outflows into ETH ETF inflows
We might go from “hopium” to spot eth etfs launching in about 6 weeks… 6 weeks.
- etf in 10 days - sub .01c fees on l2 - coinbase mass onboarding via base - eth/btc bottomed - smart wallets + account abstraction - 2 gwei on mainnet - supply illiquid as ever - best memes all of your eth tokens are abt to go to infinity. 🧁
Week 24 Update 👇 7,690 #Bitcoin sold by the U.S. ETFs https://t.co/R5U9dXyExU
Bitcoin looks like it wants to reverse here
Bloomberg Analyst Doubles Down on July 2 Spot #Ether ETF Launch Date Amidst Surge in S-1 Filings https://t.co/rQ8gk6ImT1
during this brief downtrend in the crypto market, it’s become clear who I want to bet on for the rest of the cycle I’m speaking memecoins and alt wise here, and will be consolidating more of my portfolio to those red days remove the noise, the bullsh*t from the good sh*t
out of BTC, ETH, and SOL, where do you keep a majority of your crypto portfolio? (include beta plays like memecoins and NFTs)
ETH ETF -> PEPE. why is everyone over complicating the most obvious layup in crypto? $pepe has not only proven it’s the top eth beta, it’s also the top meme of this cycle. winners continue to win. https://t.co/QWq3ua6mpP https://t.co/ant7W751I7
ETH ETF -> PEPE. why is everyone over complicating the most obvious layup in crypto? pepe has not only proven it’s the top eth beta, it’s also the top meme of this cycle. winners continue to win. https://t.co/5NCMTbDhGZ
ETH having a 40x from ~$100 -> $4k positioned it to be the leader in the NFT bull run. SOL going from ~$10 -> $200 placed Solana in a great position to lead the meme coin bull run Lesson here if launching an ecosystem token - the current TGE airdrop framework is broken
$6,000,000,000 in ETH shorts will get liquidated at $4K. #ETH whales are buying like crazy. ETH ETF trading will happen within 10 days. 1M ETH has been withdrawn from exchanges this past week. All of this is signaling an ETH pump, which will rekt bear https://t.co/pnJFVtUhDf
Ethereum is an easy 2x with the upcoming ETF demand.
Bitcoin is down 13% from its all-time highs. Why is everyone so upset? Because most of the altcoins and memecoins they’ve been buying have collapsed so hard they’d need a 200-300% markup to reach the prices they traded at only 3 months ago.
With the $ETH ETF launching soon the reversal for alts is coming. It’s time for the bulls to win again.
Don't forget all the fresh $ETH all the new ETF issuers are about to buy over the next few weeks https://t.co/On7NZ48wpo
Bitcoin held on exchanges continues to drop steadily 👇 U.S. Bitcoin ETFs started trading on January 10. Since then, approx 250,000 BTC has left the exchanges https://t.co/rYiPhJGhmH
Morning Update -Crypto majors jump 1-3%; BTC $64,250, SOL $134 -Michael Dell bull posts Bitcoin -Mert teases 10,000x improvement for Solana -AVAX falls 10% after whale transfers $54M to exchanges -Beeple memorializes Hawk Tuah, token soars 800% -ETH NFTs rally; Pudgy +10% to 9.1… https://t.co/uRdraxa5XZ
Bitcoin recently dropped below $64,000, breaking its short-term holder realized price. This signals a potential further decline to levels not seen in 49 days, according to cryptocurrency analysis firm @cryptoquant_com. https://t.co/rTMimUXPg0
🟥 Things I’m looking at today 🟥 Subscribers: 9,895 If subs hit 20k by Aug 31st - 1 subscriber wins $20k https://t.co/TvwD8qP65f SOL sees huge tech upgrade, Dell bulls posts BTC, 50 Cent claims memecoin hack Crypto * BTC: 64.2k (+1%), ETH: 3495 (0%), SOL: 134 (+3%) * Top… https://t.co/OqkzF8EUbL
🚨#BITCOIN LONG-TERM HOLDERS (LTHs) ARE SELLING, WHILE #ETHEREUM LTHs ARE BUYING!🚨 Why? 🔹Yield opportunities like staking (27.5% ETH staked, 16.3% restaked) and anticipation of the #ETH #ETF. This signals a bullish outlook for Ether! Act accordingly. https://t.co/hzC73ETVGa
🚨#BITCOIN📷 LONG-TERM HOLDERS (LTHs) ARE SELLING, WHILE #ETHEREUM LTHs ARE BUYING!🚨 Why? 🔹Yield opportunities like staking (27.5% ETH staked, 16.3% restaked) and anticipation of the #ETH #ETF. This signals a bullish outlook for Ether! Act accordingly. https://t.co/777HhT1PeL
[CRYPTOQUANT] The price of #Bitcoin dipped below $64,000, falling past the point where short-term holders sold at a profit. This suggests that #BTC may fall even further, reaching prices not seen in nearly two months https://t.co/BwqEMNZ4qc