JUST IN: ๐ช๐บ Binance says it remains committed to European users and will continue operating legally following reports it could lose permission to serve the EU.
$BTC at 59k is probably the last support area for now short term BTC Is likely wonโt go below this level. BTC may start pumping now. My target zone is between 71,222 and 78,555.
$BTC is trading around $62K while $ETH sits near $1.7K as crypto remains under heavy selling pressure. ๐ฉธ
What's driving the dump?
โช๏ธ Massive ETF outflows โช๏ธ Risk-off sentiment from global tensions like war & uncertainty โช๏ธ Long liquidations accelerating the sell-off โช๏ธ Capital rotating into AI and stock market opportunities
Current sentiment: Fear ๐จ
Despite the weakness, on-chain data shows long-term holders aren't panic selling. The market is looking for a catalyst before the next major move.
Strategyโs newer financing structure includes preferred shares that pay dividends. During earnings and regulatory discussions, the company acknowledged that if necessary it could use available resources, (ncluding potentially selling some Bitcoin), to meet corporate obligations such as dividend payments, debt-related requirements, or other operating needs.
๐จ๐ฎ๐ทBREAKING: Iran says it is suspending peace talks with the U.S. and threatens to completely block the Strait of Hormuz and Bab el-Mandeb Strait over alleged ceasefire violations and Israeli strikes in Lebanon.