Inflows into ETH ETFs on the first day of trading amounted to $106 million, while Grayscale conducted a traditional sell-off worth $484 million. Meanwhile, Bitcoin ETFs experienced an outflow of $78 million yesterday, suggesting there might not be enough funds for everyone ?

Mt. Gox transferred 37,477 BTC ($2.5 billion). The scam exchange has fulfilled 40% of its obligations, leaving a balance of 90k BTC. Recipients believe in further growth and are moving their funds to personal wallets ?

Tesla did not sell BTC in the second quarter of 2024. However, the financial report was worse than expected, with shares down 7% in pre-market trading ?

Things will heat up in Nashville: Kamala Harris is negotiating to speak at the Bitcoin Conference 2024 ?

Franklin Templeton hints at a forthcoming SOL ETF application?

2️⃣ ETH ETF

The total inflow for spot ETH ETFs yesterday was $106.8 million. Trading volume on the first day reached $1.1 billion.

? The market reacted with a slight correction and liquidations amounting to $150 million.

Regardless, it's still a fact that Ethereum should be a must-have in your portfolio ?

?#calendar
KEY EVENTS THIS WEEK:

Monday, July 22nd:
??China - LPR (Loan Prime Rate) - 01:15am (GMT+1)
??USA - Chicago Fed National Activity (June) - 12:30pm (GMT+1)
????China's Vice Premier Ding Xuexiang in Russia - Day 2

Tuesday, July 23rd:
??India - No trading
??Turkey - Central Bank Rate - 11:00am (GMT+1)
????China's Vice Premier Ding Xuexiang in Russia - Day 3
??USA - Existing Home Sales (June) - 14:00pm (GMT+1)
??USA - Richmond Manufacturing Index (July) - 14:00pm (GMT+1)
?US Oil - API Inventory - 21:30pm (GMT+1)

Wednesday, July 24th:
??Australia - Manufacturing/Services/Composite PMI (July-Preliminary) - 22:00pm (GMT+1)
??Japan - Manufacturing/Services/Composite PMI (July-Preliminary) - 00:30am (GMT+1)
??India - Manufacturing/Services/Composite PMI (July-Preliminary) - 06:00am (GMT+1)
??Germany - Manufacturing/Services/Composite PMI (July-Preliminary) - 08:30am (GMT+1)
??Eurozone - Manufacturing/Services/Composite PMI (July-Preliminary) - 09:00am (GMT+1)
??UK - Manufacturing/Services/Composite PMI (July-Preliminary) - 09:30am (GMT+1)
??USA - Trade Balance (June) - 12:30pm (GMT+1)
??USA - Manufacturing/Services/Composite PMI (July-Preliminary) - 13:45pm (GMT+1)
??Canada - Central Bank Rate - 13:45pm (GMT+1)
??USA - New Home Sales (June) - 14:00pm (GMT+1)
?US Oil - EIA Inventory - 14:30pm (GMT+1)
??Press Conference of the Bank of Canada - 14:30pm (GMT+1)
??Russia - Industrial Production (June) - 16:00pm (GMT+1)

Thursday, July 25th:
??Germany - Ifo Business Climate Index (July) - 09:00am (GMT+1)
??USA - GDP (Q2 2024 - Preliminary) - 12:30pm (GMT+1)
??USA - Initial Jobless Claims - 12:30pm (GMT+1)
??USA - Durable Goods Orders (June) - 12:30pm (GMT+1)
?US Natural Gas - EIA Inventory - 14:30pm (GMT+1)
??USA - KC Fed Manufacturing Index (July) - 15:00pm (GMT+1)
??ECB President Lagarde - 15:00pm (GMT+1)

Friday, July 26th:
??USA - Inflation - PCE Price Index (June) - 12:30pm (GMT+1)
??USA - Michigan Consumer Sentiment (July) - 14:00pm (GMT+1)
??USA - Inflation Expectations (July) - 14:00pm (GMT+1)
?Oil and Gas - Baker Hughes Rig Count - 17:00pm (GMT+1)

Saturday, July 27th:
✴️Trump will speak at the "Bitcoin 2024" conference

*? *Sellers are Exhausted

Analysts at across the globe assert that the decrease in BTC inflows to exchanges indicates a reduction in selling pressure.

Amid this backdrop, Bitcoin has risen to $65k ?

KYC Verification Recommended *✔️***
While not mandatory, we highly recommend completing KYC verification for enhanced security and additional features.

Why Complete KYC Verification?
- Enhanced Security
- Higher Limits
- Full Access

For a safer, more reliable trading experience, start your KYC verification today.

*? *Solana is more alive than ever
The Solana network has surpassed Ethereum in trading volumes for the first half of July.

SOL — $13 billion
ETH — $10.5 billion

Tokens on Solana are still thriving ?

Top projects set to release tokens in the second half of 2024 *?***

It's going to be interesting to see how it turns out.

If Solana repeats its 2021 pattern, the price will head to $950 *?***

Meanwhile, top projects in the SOL network (Bonk, Jupiter, etc.) are down between 47% and 97%.

#UGC #Analysis

*? *When Will Bitcoin's Correction End?

Bitcoin has dropped by 25% in a month. All crypto investors are anxious, trying to predict where the decline will end and whether the leading cryptocurrency will update its highs this year.

In this article, we will highlight the key factors indicating a high probability of the correction ending.

*? *Liquidity

The availability of money in the global financial system has been decreasing since the beginning of April. This is a highly negative factor for risky asset classes, including cryptocurrency.

? Liquidity → ? Crypto
? Liquidity → ? Crypto

But don't worry. The local decline is a seasonal factor. With the already started QT reduction program, the depleting Reverse Repo Market, and the reduction of key rates by G20 central banks, liquidity will inevitably flow into the markets in large volumes in the coming months. This factor will provide fertile ground for the altseason that we are all waiting for.

*? *Bond Volatility

In recent months, the volatility of US government bonds has also increased, negatively impacting liquidity. This factor is again local, not changing the overall landscape. Globally, due to macroeconomic parameters, we expect the US bond market to "cool down" and volatility to decrease. This will positively impact the growth of the crypto market.

*? *Chart Analysis

Let's analyze the traces left by a major player in the order book and tape (4H timeframe).

▪️ Current prices are statistically incredibly favorable. This conclusion is drawn from the global context using the VWAP indicator. Bitcoin is at -3 standard deviations from the VWAP. These statistical deviations are often used by market makers and institutional participants to find favorable buying and selling zones. Now, it is favorable.

▪️ There is abnormal volume activity (colorful geometric shapes). This indicates the presence of HFT robots from major participants who are already starting to buy Bitcoin.

▪️ A whale has been placing limit buy orders throughout the decline, buying the dip from the crowd. Now, the last pool of limit buy orders remains at $52,000, acting as a magnet for the decline. However, the path upwards is open. There is no resistance up to $70,000. This means that major capital considers ~$70,000 a favorable price for distributing accumulated positions.

▪️ Above the current price, there is a large mass of predictive liquidations, which will pull the BTC price, liquidating all short positions.

Conclusion: The reversal is on the horizon. Maybe not today or tomorrow, but it will happen soon.

Leave a ? if you expect Bitcoin to reach $100,000 this year.

#DailyDigest

? BTC still hasn't decided whether to stay above $27k. Canceling the local uptrend will be a move to $26,800 ?

- The Fed will announce a rate decision today. The market prediction is that with 99% probability the rate will remain unchanged and rising inflation Jerome Powell will try to shoot down with tighter monetary policy statements ?*➡️*SEC promised new trials with crypto exchanges and DeFi. Why don't you do something about the old ones first? ?‍♂️**

*➡️*Grayscale has filed for an Ethereum futures ETF. Why not a spot one, they seem to be trending right now ?‍♂️

*➡️*DeFi Balancer hacked for $238k, users are asked not to interact with the protocol ?*➡️*Elon Musk's Neuralink is looking for volunteers for surgery to implant a chip in the brain. It's not a cryptocurrency yet, but give Musk some time ?

? Top 3 in 24 hours:XDC Network - $0.05446 (↑4.61%)
Flare - $0.01146 (↑2.91%)
UNUS SED LEO - $3.76 (↑1.92%)