Crypto Insider
Author's blog in simple language about how to make money on meme coins, crypto, token sales, and understanding it all on your own. Promotions @adsgenius
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βΊBTC spot ETF inflows continue to recover with $73.05M of nett inflows last Fri, which is the highest daily inflow in 2 weeks
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π Market Overview
Happy new week, month, and financial quarter to everyone!
BTC $62,859
ETH $3,476
Fear Index: 53
Altseason Index: 22
Long/Short Ratio: 52/48
Bitcoin Dominance: 54.77%
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π° Bitcoin closed the month and quarter with a loss of -6.96%
On average, July tends to be a good month for $BTC, with an average gain of +7.39% and a median gain of +8.90%. So, there's a very decent chance of growth, which is essentially how we started the month.
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π Bitcoin has consolidated above $60K but to move into the local growth zone, $BTC needs to break through the inclined resistance level formed at the beginning of June
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π Whoever prays more becomes profitable
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iIrY1N2sTNeG5A2n.mp42.18 MB
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π Historically, when $BTC has had a negative June, it tends to bounce back strongly in July
In fact, $BTC has shown an average return of 7.98% and a median return of 9.60% during this month.
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π€ Huge gap between fiat price and futures price
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βΆοΈ Polymarket betting platform highlighted who took third place in bets
I don't get into politics, but here politics is getting into crypto, so of course the presidential race and the outcome of the election will play an important role for us.
None of the candidates impress me, but at least one can potentially push $PEPE πΈ
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π Market Overview
If ETFs are delaying, it means there might be another shake-up next week.
BTC $60,991
ETH $3,375
Fear Index: 47
Altseason Index: 24
Long/Short Ratio: 47/53
Bitcoin Dominance: 54.62%
Yesterday in the morning post, I gave recommendations on tokens to consider picking up. They are still relevant; you can consider entering positions. If you're concerned they might drop further, divide your initial entry amount into several averaging-in transactions.
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