Bitcoin, Ethereum, Dogecoin Trade Lower, But ‘August Will Be Great’ If Bitcoin Holds On To This Key Level

Cryptocurrency markets are buying and selling decrease as Indian crypto change WazirX acquired exploited for a $230 million loss.

Notable Statistics:

• IntoTheBlock information reveals massive transaction volumes decreased by 26.1% and each day lively addresses dropped by 3.4%. Nevertheless, change netflows rose by 101.2%.
• Coinglass information famous 49,154 merchants have been liquidated prior to now 24 hours for $138.5 million. Quick crypto liquidations ($33 million) got here in at their lowest since July 7.
• Crypto chart analyst Ali Martinez revealed that 120,000 BTC, price $7.2 billion, have been withdrawn from crypto exchanges prior to now two weeks.
• In one other post, Martinez said that Bitcoin miners bought 1,970 BTC in a number of days amid Bitcoin rising above $60,000.
• Cryptoquant founder & CEO Ki Younger Ju noted that Bitcoin’s retail investor demand is at 3-year low.

Notable Developments:

Prime Losers:

Dealer Notes: CEO/Founder Max of As a result of Bitcoin sees $62,750 as a “big stage” for Bitcoin and there are three technical elements. He added that if the market can bull chop and maintain above then August can be nice. Nevertheless, within the worst case, “BTC can go to the yearly VWAP yet another time, however we’d want a fast buyback if we went down there.”

Crypto and blockchain investor, Crypto Batsman revealed that the Bitcoin ETF issuers bought 32,410 BTC, price $2 billion. He predicts Q3 “shaping as much as be very bullish for crypto area” because the Ethereum ETF and Bitcoin convention are taking place subsequent week.

Quite the opposite, Altcoin Sherpa predicts a bearish retest for Bitcoin.

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