📊 Cryptonomy

🕯 Trade Like Justin Sun Justin opened a long position of $420 million at $67k per BTC. Meanwhile, HTX exchange reserves stand at $24 million USDT. 🧠 He found a way by using his stablecoin stUSDT. The exchange owns 89% of the supply of this stablecoin. He doesn’t seem to be much of a trader 🙂

On June 13, MicroStrategy announced plans to sell $500 million worth of shares to purchase more #BTC.

S&P 500 and BTC show inverse correlation for a month: the stock index updates its maximum every other day, while the first cryptocurrency corrects. Could it be just FUD around BTC or a hint at an overheated stock market? 🤔 Crypto exchange BitMEX has pleaded guilty to violating the Bank Secrecy Act. This refers to an old case from 2020, and the exchange does not expect any new fines or other types of penalties. Spot Bitcoin ETFs are receiving inflows for the fourth day in a row, with yesterday's result being $147 million. Meanwhile, hodlers have accumulated 85,000 BTC over the past 30 days💲 Yesterday, German authorities sold another 8,411 BTC, leaving a balance of 15,552 BTC ($907 million). They might manage to sell everything by the end of the week, and we can forget about this FUD 🤬

🐳 Whales Continue Accumulating While everyone panicked and sold their Ethereum, the whales started buying.

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Top projects set to release tokens in the second half of 2024 👀 It's going to be interesting to see how it turns out.

If Solana repeats its 2021 pattern, the price will head to $950 🧂 Meanwhile, top projects in the SOL network (Bonk, Jupiter, etc.) are down between 47% and 97%.

Traders believe that BTC is back on track for growth and heading towards $70k. A confirmation of this scenario would be solidifying above $60k. Interestingly, hodlers bought 9,900 BTC during the recent dip below $55k 😜 A top manager at Bitwise isn't sure about the exact timeline for launching Ether spot ETFs but notes significant progress in discussions with the SEC. It seems they might get the green light soon 2️⃣ Inflows into spot Bitcoin ETFs have continued for the third consecutive day, totaling $654 million. Wall Street guys love discounts too 👑 The seller of BTC on behalf of the German government turned out to be the Saxony prosecutor's office. They want to HODL but are forced to follow procedures for disposing of confiscated assets. They sell with regret. Amid the BTC correction, MicroStrategy shares have dropped by 18% over the past month. Smart short traders have earned $1.1 billion from this movement 🍽

🍸 Robert Kiyosaki at it again BTC could reach $10 million, and gold could hit $15,000 per ounce after a major market crash. ⚡️ The global economy is heading towards a severe crisis, and investors should prepare for a decline in traditional assets. ⚡️ Invest in cryptocurrencies and precious metals, as the current financial system is unstable, and a collapse is inevitable. Here’s the state of Gold compared to the Housing Market.

👀 Major events for projects in July There;s not so many big launches planned, so July is likely to be a quiet month for project releases. However, if the hamster drops its token, that would definitely be spectacular 😁 So, there's time to review your cases, goals, and overall market activities 📝