#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 !

🇨🇴 The President of Colombia is now an official #Bitcoin 🥇 HODLer

We can see that conditions throughout 2023 have seen net outflows 🟥 across several cohorts, suggesting a non-uniform behavior by different investor cohorts. This broad uptick in accumulation means that strong market performance and increasingly optimistic hopes around a spot BTC ETF are improving investor confidence in the uptrend.

#BTC +$39K, Bull are on fire. 🔥🔥🔥

CZ: “10 years ago today, I quit my job, sold my house, and aped into bitcoin. No, I am not saying you should do the same. Many people asked, how could you take such risks? Me, I knew I could easily get a job... Everyone's risk profile is different. Learn risk management."🚀

REGARDING FOREIGN CRYPTO EXCHANGES. -> Existing AML (Anti-Money laundering) and CFT guidelines for reporting entities are applicable on offshore exchanges servicing Indian market. -> The process for registration of such offshore VDA or services providers has been initiated. (Like foreign exchanges) -> Action will be taken against offshore exchanges if found non compliant.

Warren Buffett called #Bitcoin  "rat poison squared" and stated that "it is an asset that creates nothing".

Today, the market capitalization of #BTC surpassed that of his company, Berkshire Hathaway.