๐Crypto Market Review
ใฝ๏ธS&P 500 and gold are correcting, BTC yesterday momentarily dropped to $65k. ETH has been showing weakness against the market lately. However, whales don't give a shit, they continue to gain a long-term position at $2100 - 2400.
๐Indicators:
๐จFear and Greed Index - 69
๐ฒAlt Season Index - 37
๐Long/Short Ratio - 47/53
๐ฐCrypto Market Capitalization - $2.250 trillion.
๐Bitcoin Dominance โ 58.75%
๐ตYesterday, net inflow into BTC-ETF was +$192.4 million. Net inflow into ETH-ETF was +$1.2 million.
๐ชBrad Garlinghouse is lying that the launch of Ripple ETF is inevitable, since the demand for ETF is obvious.
๐ฉ๐ฐDenmark has gone completely nuts and is introducing the world's first tax of 42% on unrealized income from crypto from January 1, 2026.
๐ช$200k by the end of 2025 for one BTC is a conservative forecast, according to the brokerage firm Bernstein.
๐ณThe number of whales owning at least 1,000 BTC jumped to 1,678 earlier this week, reaching its highest since January 2021.
๐ฐSince the launch of the BTC ETF earlier this year, twice as much BTC has been bought in the US as has been mined.
๐ฆ Uniswap has added a cross-chain bridge for transferring assets between nine different networks.
๐ฎ The Nigerian government has dropped charges against Binance Holdings Ltd. CEO Tigran Gambaryan, who has been detained in the country since February and accused of money laundering and price manipulation.
โ๏ธThe BTC price has fully tested the broken trend at $65k, from where it successfully rebounded upward. Everything looks pretty good and after the correction, unloading and liquidity collection, the growth will likely continue to the resistance zone of $71k - $72k.