tevez

#btc will take me home.

Opinions are my own. I fail a lot and I'm not an expert. #NFA & #DYOR, I just do crypto trading for fun.

[tevez @proof_cm]

@Romsty Yep, you're totally right.

Holding $EGLD during a bullrun is the best way to lose money

Data speaks for itself

#EGLD #MultiversX 🚩🚩

[Seth @seth_fin]

While Coinbase, ByBit, OKX customers have been slowly selling.

Someone on Binance absorbed it and waited to finally dump last night when most in US EU were sleeping.

This is a master class in market liquidation.

Remember that Bitcoin always looks the dump:iest before the pump:iest.

Are you buying Bitcoin around 63K?

[Claudiu Streza @CStreza]

Nearly 4 years after the $120M Elrond exploit, Romanian prosecutors say the attackers were former Elrond employees.

According to court documents cited by Romanian media:

• 1.65 million EGLD were allegedly extracted by exploiting a known smart contract vulnerability before a security fix was deployed.
• The exploit reportedly destabilized the WEGLD/EGLD peg and forced the exchange offline due to liquidity issues.
• Prosecutors claim the individuals had prior knowledge of the vulnerability through internal discussions.
• Two defendants admitted their involvement and received suspended sentences.
• A third former employee is currently standing trial.

If confirmed through the courts, this would make one of the most significant insider-related incidents in crypto history.

elrond-erd-2:native @multiversxfndn @MultiversX

[Cheds Trading @BigCheds]

$BTC first weekly MA 200 tag since October 2023

[Mark Harvey @thepowerfulHRV]

#Bitcoin 200-week moving average is $61,700.

It rarely trades at/below this level, and when it has, it has historically represented a fantastic buying opportunity.

Do what you will with this information.

[Våken @vaken_crypto]

Shame on you, @MultiversX team!

[Brian HoonJong Paik @brianhoonjong]

$BTC is below $65K due to macro noise: sticky inflation, strong DXY, AI capital rotation, and ETF outflows.

But look under the hood. Price and ownership behavior are pointing in completely opposite directions.

Long-Term Holders (LTH) now control 16.3M BTC—near an ATH. They’ve added 200K $BTC just this month. The people who have held Bitcoin the longest are NOT selling into this weakness. They are buying your panic.

21M hard cap. Less than 1M wholecoiners. Don't get shaken out. Stack the dip.

[Plan C @TheRealPlanC]

A $3,000+ bounce off its 24-hour low of $61,336, did Bitcoin just wick down to a double-bottom capitulation, similar to the $59,000–$60,000 capitulation low from almost exactly four months ago?

If this $61,336 low holds and Bitcoin can reclaim $70,000, the odds of the bottom being in would rise significantly.

[lowstrife @lowstrife]

Turns out: it was the top

[Altcoin Daily @AltcoinDaily]

We just did the red (returned to the 200 week MA). Now it’s time to chop around in the blue for the next 6 months.

Don't over think it. #bitcoin

[Frank @FrankAFetter]

Only 10% of days in bitcoin history has it been this far below the 200-week moving average. Buyer’s market. $BTC

[Super฿ro @SuperBitcoinBro]

$BTC daily

Reacting precisely at the *ascending channel* target.

"Bear flag" targets lower than this are pure bearish hopium.

Anything can happen, but technically, the breakdown target has been met. Run it back turbo.

[Jesse Olson @JesseOlson]

Indeed.

$BTC will hit target four soon.

My main thesis of this bitcoin bear market road map from October 10th, was that price would retest the blue before making a new all-time high. ✅

Price just missed blue line by 3% in February, but nailed it in May.

[The Factor Report @PeterLBrandt]

As I see it Bitcoin has met its initial target at Feb low. This does not mean that BTC cannot work lower or have a terminal wash-out. I do not see a tradable low until October.

[David Lawrence @d_1awrence]

Whenever you see Bitcoin's price drop, check the power law chart.

Bitcoin's price currently sits at around $66,000 per coin.

The support level (that Bitcoin has never dipped under), is c.$58,600.

It's linear value (ie the green line), suggests Bitcoin should be around $165k per coin today.

The resistance line, that it surpassed in 2014, hit in 2018 and got 70% of the way to hitting it in 2021, is $581k today.

This tells me one thing: Bitcoin is undervalued, underappreciated & misunderstood.

For those that understand what it is, this is an opportunity.

This is like $5k in 2020, or $16k in 2022.

What would you give for an opportunity to buy at $16k again?

We'll be speaking of $60k in the same way in 2029.

There are calls that Bitcoin is dead. That this is the start of Bitcoin going to zero. That its going to drop to $40k before miraculously returning to an ATH.

All predictions made by people who are using emotion, rather than historical data & math.

Bitcoin as incredibly oversold at these prices.

It wont stay like this forever. Those hoping it fails are going to be in the wrong side of history.

I'm buying more.

[Ki Young Ju @ki_young_ju]

This distribution phase feels like a massive change of hands.

Bitcoin investors' average cost basis is around $53K.

Historically, bear markets ended only after the price fell below the realized price. I thought that level would be hard to revisit, given institutional inflows and MSTR barely selling any BTC.

But current price action suggests unusually strong sell pressure.

• Since Jan 2023, MSTR bought 711,206 BTC and sold only 32 BTC, removing 711,174 BTC from circulation.

• Since BTC was also $63K in Mar 2024, ETFs absorbed 509,102 BTC and MSTR bought 650,706 BTC. That is 1,240,808 BTC absorbed, yet price is back at the same level.

• For context, exchange reserves are around 2.7M BTC, and Satoshi is estimated to hold around 1M BTC.

More BTC than Satoshi’s stack, nearly half of exchange reserves, has been absorbed, and price is still back at the same level.

[Giovanni's BTC_POWER_LAW @Giovann35084111]

A straight line in a log linear chart is an exponential and Bitcoin is not exponential so this is garbage. This line is meaningless and bound to be broken soon or later.

[Frank @FrankAFetter]

With the daily RSI at 19, $BTC is pretty much the most oversold ever at $64k.

[tevez @proof_cm]

es el mejor, simplemente don DONALD TRUMP PARERA.

MI PRESIDENTE.

THE ONE & ONLY 🫡

[Mayne @Tradermayne]

Love him or hate him he is funny as fuck.

[Mayne @Tradermayne]

Love him or hate him he is funny as fuck.