BITCOIN CHART SAYS THE REAL BOTTOM MAY STILL BE AHEAD
Combined spot and perpetual futures demand has fallen toward -650K BTC, a rare threshold seen only 3 times in chart's history.
CryptoQuant says the setup points to the beginning of a final cleansing phase before a market reversal.
#Btc #crypto
$48,700 could be one of the most important levels for $BTC. π·
Bitcoin has never dropped below its estimated electrical cost during a bear market bottom. π·π·
Right now, that cost is around $48,700. π·
Unless we see something major like a global recession or another black swan event, many believe Bitcoin could find its bottom somewhere near the $50K area. π·
π TWO YEARS AGO: The German government sold all of its Bitcoin holdings for $2.89B at an avg. price of $57,900.
Those same holdings were worth more than $6.28 BILLION at Bitcoin's peak.
Today, BTC is trading just 6% above Germany's average exit price.π«
π¨Bitcoin ETFs just posted their 4th straight week of net outflows.
Last week saw $1.7B leave the ETFs, marking the largest weekly outflow in over a year.
π¨π¨ Is #Ethereum co-founder Joseph Lubin(ethereumJoseph) preparing to dump $ETH?
A wallet linked to Joseph Lubin, which holds 243,300 $ETH ($370M), transferred out 80,001 $ETH ($121.6M) after more than 3 years of inactivity.
CONGRESS JUST DROPPED 7 NEW CRYPTO TAX BILLS π
House Republicans have introduced 7 crypto tax bills to be discussed at House Ways and Means Committee hearing this week.
The proposals exempts staking and mining rewards from taxable income, creates a $10 de minimis exemption for gas fees, and offers a voluntary disclosure program for past crypto tax reporting failures.
Greetings on the occasion of Eid-ul-Adha
On the occasion of Eid al-Adha, I extend my warmest greetings to the people of Bangladesh and to Muslim communities everywhere around the world.
Eid al-Adha is more than a celebration. It is a reminder of sacrifice, compassion, and our responsibility to one another.
Our world today is marked by deep inequality, persistent conflict, and growing uncertainty. In such a time, the spirit of Eid al-Adha is not merely a religious observance; it is a moral call. It calls us to look beyond our own comfort, to stand beside the poor and the vulnerable, and to remember that no celebration is complete while others go without.
I hope this sacred occasion brings renewed hope, strength, and inspiration into all our lives. May our Eid pledge be this: that we work with greater sincerity to build peace, harmony, and prosperity within our families, our society, and our nation.
May every life be touched by joy, dignity, and prosperity.
Eid Mubarak .
@kafiislam190
@coingecko Crypto = digital money π»π°
Kept safe on a blockchain notebook π so no one can cheat.
You store it in a wallet π· and use it online.
$LEARN = money + knowledge + community π
@YisusCryptos Without a doubt, $LEARN Coin is the project heading for a new ATH soon ππ
Strong utility + strong community = unstoppable growth.
#LEARN#Brainedge