Bittrex Global is shutting down its operations.😭😔

https://x.com/bitx_brc20/status/1726747615126008040?s=46&t=_-eRbpBRXoWm70XUuMRR6w

Comment your BRC20 wallet address👆👆

Binance founder Changpeng Zhao agrees to step down, plead guilty

• Binance agrees to pay fines totaling $4.3 billion
• CZ plea deal may preserve company's ability to operate
• CZ to retain majority ownership of Binance
• CZ won’t be able to have an executive role at the company

Binance will make a "complete exit" from the U.S. as part of its settlement with FinCENand appoint a monitor for five years who will oversee the exchange's sanctions compliance program. The U.S. Treasury Department will have access to Binance's record and systems during that time.

But Binance US is not affected.

#BTC 1D - Bearish signal‼️

Bearish divergence on the daily timeframe could trigger possible dump if loses the 35.5k crucial support at the moment. Strong liquidity zone 32.8k - 30.7k range. Watchout this level for bullish reversal.

JUST IN: Ex-Binance CEO CZ's X (Twitter) account has been restricted.

🥇 Bitcoin Fear & Greed Index stood in the "greed" zone for 30 days in a row, something that hasn't happened since 2021 🙌

The consistent decrease in available supply, accentuated by the significant events in June 2022, suggests a potential reduction in the overall liquidity and circulation of these assets. This trend may influence market dynamics, potentially impacting pricing and trading behaviors.

JUST IN: Spot #Bitcoin 💰 ETFs could put 'severe downward pressure on bitcoin price' - JP Morgan

Send it! 🚀

Crypto Sentiment of Today 🙏
💡Status: Greed
📊Value: 73/100

The chart below shows the net balance change of these various 'stored' supply metrics since 1-Jan-2022. We use the change in circulating supply (orange) as our baseline, and see that the rates of accumulation by investors ranges from between 1.1x through to almost 2.5x new issuance.

Not only are our measures of 'available supply' at historical lows, the rates of 'supply storage' by investors are also meaningfully higher than issuance rates in a pre-halving environment. The cyclical nature of Bitcoin market cycles during bear markets and halving events can be described by these investor accumulation patterns, reminding us of a saying in markets

Long-term Bitcoin investors often follow a strategy of buying at lower prices and selling at higher prices. This approach leads to profitable outcomes, as coins are transformed from a lower cost basis to a higher one. For example, a coin acquired at $6,000 in 2018 might be sold for $60,000 in 2021, resulting in a 900% increase in capital to attain the same volume of coins.

Today’s Market Condition

🥇 JUST IN : MicroStrategy purchased $593 million worth of #Bitcoin

16,130 BTC Biggest purchase of this year by MicroStrategy.

You know what is next !