For example bridge to a L2 mainnet for airdrops. Its 3$ now compares to 30-50 otherwise.

Use Zksync, Linea, Scroll official bridges.

JUST IN: 🇭🇰 Hong Kong approves spot Bitcoin & Ethereum ETF application.

@WatcherGuru

Arkham, a blockchain analytics company, has launched a new dashboard tracking cryptocurrency holdings by various governments, revealing that the US, UK, and Germany are among the largest holders.
The US leads the way with 212,847 BTCs, worth approximately $15 billion. This significant amount is followed by the UK and Germany with 61,245 BTC and 49,858 BTC respectively. In addition, the US also holds around $200 million in other cryptocurrencies, including ETH and major stablecoins such as USDC and USDT.
Interestingly, El Salvador, despite its status as a legal tender for bitcoin, holds far less, with 5,717 BTC worth around $405 million. This Arkham initiative is an important step in providing transparency regarding crypto assets held by states.

Here is the dump

Lets see if this bull flag holds on spx

As long as we stay above this purple box on BTC, we should be ok.

Issue is SPX:

We broke down this bull flag and found support so far at the 5050~ support. I am concerned about this structure.
Expect a retest of the bullflag from below today. However, there is possibility we retest the 4820 previous ATH. This would certainly affect BTC and alts.

It is interesting to see how some alts got demolished while others barely even dipped.

BTC looking pretty okish. To early to call a bottom tho. Need more confirmation but looks promising so far.

We took out the last lows. Here comes the exciting part.

Btc held 60k and SPX 5000.

Important levels. Let‘s see if we stay above!

Not looking too shabby.
64.8k is break and retest from above is the bullish signal I need. Chart wise we already look like it is going to reverse.

Stocks look shittier tho. Real major support at SPX 4820. SPX is my biggest concern for more up on BTC right now.

Halving done and we are pushing at 64.8k again

Giga Bullish!

64.8k finally broken. It is looking good for bitcoin here.

All eyes on SPX and generally stocks. If they keep stable or up, we should go up.

If they bleed or dump, we should dump. Simple as that.

Big stocks are bleeding. These were the ones that pushed the SPX up a lot.

If smaller caps are pumping instead - good for crypto.

If smaller caps also dump: we got a full blown crash ahead

Some background info:
There were two factors that were causing a non-stop sell pressure:
1. Miners obviously, now with the halving their sell pressure also halved.
2. GBTC as people were rotating. Now with the 0.15 fee, they are the cheapest but not that much cheaper than the others. So I expect this rotation on ETFs to calm a lot now.

As long stocks hold up, we should get a good consolidation. As alts are down so much, we should be primed for an alt season from here in the consolidation. When we consolidate in this 60-73k range for a long time, it can establish a new bottom and make us ready for another vertical push once we get new ATHs on BTC.

A breakdown of 60k invalidates this.

UOS had a crazy rallye after my call here.

When you took profits - good.

I didn‘t but it is sitting at my previous entry and hasn‘t recovered unlike many others. I doubled my bag here.