I’m expecting much lower from here around ~$54k. Unemployment rate data drops on July 2nd, and if it comes in higher than expected (4.3%), we’ll likely bleed down to those levels.
Personally, I’m forecasting 4.4%. But I’ll wait for the data to come out and volatility to cool off before getting more confident with my trades!
$BTC just dropped below $59k 🚨 I’m expecting a much deeper move, around ~$54k. Unemployment rate data comes out on July 2nd. If it prints higher than expected (forecast: 4.3%), we’ll bleed down to those levels!
Most crypto tokens are inflationary. They mint new coins regularly and dilute value for holders. This is usually fine when demand rises, but in a bear market it becomes a real headache. $BNB works differently. It has negative inflation because quarterly burns reduce the total supply over time. The number of coins shrinks instead of growing. This built in scarcity helps protect value for holders. In the next bull run, that shrinking supply combined with BNB’s utility could make it stand out.
I don’t know why more people are not talking about this. What do you think?
$AVAX was one of my favorite altcoins. But its recent performance has been rough, just like most other coins. It already broke the long-term support around the $9 zone and is now trading even lower.🚨
If it loses the current $6 support, it could drop hard like $DOT did. That said, I still believe $AVAX has strong long-term potential. I think it has already capitulated, which makes this a good time to buy a small percentage of your total allocation
$BTC doesn't seem to have much liquidity left below 57K on the higher time frames. Without that fuel, there's really no strong reason for price to keep pushing lower right now. 🔔
If we tap into those levels though, it sets up a clean scalp long opportunity. That said, if 57K gets taken out anyway, even without liquidity sitting there, we could see a move down toward the 53K zone. This area is getting close to what might be a real capitulation point.
Core PCE and GDP data are dropping today. $BTC will react to these numbers for sure.
For GDP: If the data comes in right as forecasted, we should see some sideways movement. If it prints hotter than expected, that could spark an upside move. Otherwise, downside continuation looks likely.
Note that PCE & GDP are inversely correlated. For PCE, lower is better.
Binance has decided to withdraw its MiCA licence application in Greece and will pursue authorisation in another EU member state. They will announce the specific country publicly when they are ready.
Only users who are impacted will receive an email before July 1 with instructions. For everyone else, it is business as usual for now.
⚡️JUST IN: The Philippine Securities and Exchange Commission (SEC) has shown real interest in the Real World Assets market.
More and more countries are showing real interest in RWA's. Behind the scenes, $LINK is perfectly positioned to fly. It is the decentralized infrastructure that brings live data, proof of reserves, and cross chain movement to RWAs. Keep your eyes on this 👀
Binance just put up some serious numbers in pre IPO perps 👀
On the $SPCX IPO day, they handled over 5.7 billion dollars in volume on their own. That is more than thirty times their normal daily average and beats every other platform combined. They hold roughly half the market on that name and now own eighty three percent of the entire pre IPO perps space. Open interest was building fast with Binance right in the middle of price discovery before the listing. This is what deep liquidity on crypto rails actually looks like for big traditional events. The same platform already runs strong volumes in oil and gold perps too.